More corporate news – Page 87
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News briefs
Nike has reportedly opened a new head office in New...
Nike has reportedly opened a new head office in New York City, as part of its move to focus on a dozen key cities. Covering six floors, the new office is situated on Sixth Avenue in lower Midtown Manhattan, making it a central location for the brand's stores in the ...
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News briefs
Cocona has reportedly raised a total of $5 million in...
Cocona has reportedly raised a total of $5 million in new investments from Asia. The company, based in Boulder, Colorado, has raised nearly $3.75 million so far, but its chief executive, Jeff Bowman, told Sportstextiles the total will reach $5 million once $1.25 million from a Chinese investor is added. ...
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News briefs
Canada Goose has opened its fifth factory, the first one...
Canada Goose has opened its fifth factory, the first one in Quebec, as part of its commitment to Canadian manufacturing. The 95,000-square-foot facility, which is located in Boisbriand, has already created more than 125 jobs and is expected to create 325 more by the end of 2018. The company has ...
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News briefs
Exercising an option, BasicNet has agreed to acquire the Briko...
Exercising an option, BasicNet has agreed to acquire the Briko brand of sports eyewear and apparel, which it has been licensing and distributing since March 2016. Depending on its performance, it will pay up to €4 million for the brand, starting with a lump sum of €1 million, to the ...
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News briefs
Iconix Brands Group told an investors' conference organized by Baird...
Iconix Brands Group told an investors' conference organized by Baird that it is shifting its strategy from external to internal growth, particularly in its Active segment, whose sales rose by 16 percent in 2016. It sees growth opportunities in the U.S. for Umbro, which generated retail sales of $750 million ...
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News briefs
Adidas is boosting its infrastructure in Paris and regrouping its...
Adidas is boosting its infrastructure in Paris and regrouping its local teams under Guillaume de Monplanet, general manager of Adidas France, by opening of a new office near the trendy Pigalle area. Adidas and Reebok employees, who were previously working at different offices inside and outside the French capital, will ...
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News briefs
Nike Iberia is preparing to move its Barcelona office from...
Nike Iberia is preparing to move its Barcelona office from the business center of Mas Blau in El Prat de Llobregat to an emblematic building in the center of Barcelona. The company reportedly wanted to move closer to consumers in the urban area, and to use its office to reinforce ...
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News briefs
With the sharp rise in e-commerce and customers demanding short...
With the sharp rise in e-commerce and customers demanding short and flexible delivery times, Intersport Sweden has chosen to move its logistics from two locations to a new central warehouse, occupying 24,400 square meters and managed by Catena Fastigheter. It will also switch from its current 3PL solution to a ...
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News briefs
Under Armour has completed the renovation of two parks in...
Under Armour has completed the renovation of two parks in Portland, where it plans to open a big new dedicated office for the development of its footwear collections, attracting valuable talent from the local sports footwear cluster. One of the two parks, Duniway Park, will be adjacent to its own ...
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News briefs
Vulpine, a British brand of urban cycling apparel, went into...
Vulpine, a British brand of urban cycling apparel, went into bankruptcy proceedings when it ran out of cash last month, but then it announced about three weeks later that it has been saved by Mango Bikes. The new investor is a bicycle maker from Gloucestershire. The apparel brand was established ...
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News briefs
Musto has appointed Walker Logistics to fulfil orders for its...
Musto has appointed Walker Logistics to fulfil orders for its range of shoes and luggage as part of a broader review of the company's supply chain. Musto had previously directly managed its entire logistics process from two warehouse facilities in Essex. Orders for clients across the U.K. and other countries ...
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News briefs
Compass Diversified Holdings (Codi) has acquired Crosman Corporation, a leading...
Compass Diversified Holdings (Codi) has acquired Crosman Corporation, a leading American producer of airguns, archery products, outdoor optics and related accessories sold under the Crosman, Benjamin and CenterPoint brands. It is paying about $152 million for the business, representing about 1.3 times revenues and 7.3 times adjusted Ebitda, to its ...
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News briefs
Black Diamond has filed a so-called shelf registration statement with...
Black Diamond has filed a so-called shelf registration statement with the U.S. Securities & Exchange Commission, announcing its intention to offer shares, warrants or other types of securities worth up to $200,000 in connection with the acquisition of new assets. That would include the sale of up to 7.5 million ...
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News briefs
Sports Direct International has completed the acquisition of Bob's Stores...
Sports Direct International has completed the acquisition of Bob's Stores and Eastern Mountain Sports (EMS) in the U.S. The British sporting goods retailer is expected to enter U.S. retailing with 51 stores, of which 21 are EMS and 30 are Bob's. Sports Direct paid $101 million in cash for the ...
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News briefs
Invista is spending more than $65 million to expand the...
Invista is spending more than $65 million to expand the capacity of its Camden nylon factory in the U.S. for the production of high-tenacity nylon fibers used in Cordura fabrics for outdoor and lifestyle clothing, footwear and equipment. The new facilities will use patented and proprietary technology for solution dyeing ...
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News briefs
Thule Group has entered into an agreement with Curt Group,...
Thule Group has entered into an agreement with Curt Group, a company of Audax Private Equity, for the sale of United Welding Services (UWS), a maker of storage solutions and truck accessories headquartered in Perry, Florida. The transaction is expected to be finalized this month. The move is part of ...
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Short stops
The management of Scarpa, the Italian brand of technical outdoor...
The management of Scarpa, the Italian brand of technical outdoor shoes, denies a rumor that it is in discussions for its possible takeover by VF Corp.
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News briefs
In the last few days, Sports Direct International bought a...
In the last few days, Sports Direct International bought a few million more shares in Finish Line, the U.S. sports retailer, building up to a total of 5,941,248 shares, or 14.7 percent of its equity. A few days earlier, SDI had declared a stake of 9.21 percent in Finish Line. ...
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News briefs
SportScheck has acquired an unspecified number of shares in Fitfox.de,...
SportScheck has acquired an unspecified number of shares in Fitfox.de, an online platform for fitness enthusiasts, based in Hamburg, that offers special day, weekly and monthly tickets for fitness studios. Consumers don't have to sign up for a subscription. Prices start from €7 per day to €40 per month. In ...
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News briefs
Bic Sport is taking over the global rights for SIC...
Bic Sport is taking over the global rights for SIC Maui, the stand-up paddle sports brand of Flow Sports. The word SIC stands for Sandwich Island Composites. Bic will give the brand a premium performance positioning, ensuring its distribution in more than 90 countries. Bic Sport is already a major ...
