More corporate news – Page 88
-
News briefs
Wolverine Worldwide is going ahead with its slimming-down program by...
Wolverine Worldwide is going ahead with its slimming-down program by licensing out its Stride-Rite brand of children's shoes. After closing all its Stride-Rite retail stores, it has signed a global, long-term license for the brand with Vida Shoes International, a company that runs a portfolio of more than a dozen ...
-
News briefs
Zalando released details of a planned new €30 million logistics...
Zalando released details of a planned new €30 million logistics center in Sweden. Located in Brunna near Stockholm, the distribution center will be operational by the end of the year, with up to 300 employees. The goal is to significantly reduce the time required fopr deliveries of parcels in all ...
-
News briefs
The Samwer brothers have sold a 3.8 percent share in...
The Samwer brothers have sold a 3.8 percent share in Zalando for approximately €375 million. The trio, who were the main investors in the European online retailer of fashion and sports apparel during the start-up phase, further reduced their stake to 4.99 percent. With the sale, a Scottish investment firm, ...
-
News briefs
Rapala VMC Corp. is issuing a hybrid bond on May...
Rapala VMC Corp. is issuing a hybrid bond on May 31, 2017 to raise €25 million, granting holders a fixed annual interest rate of 5.375 percent until May 31, 2019. The hybrid bond has no maturity rate but Rapala can redeem it after two years. The transaction, which has already ...
-
Short stops
Nordea Funds has reduced its stake in IC Group to...
Nordea Funds has reduced its stake in IC Group to 4.86%
-
News briefs
Anta Sports is offering a tranche of bonds worth a...
Anta Sports is offering a tranche of bonds worth a total of 3.6 billion yuan renmimbi (€468.5m-$522.5m) to pay down debt and for other corporate purposes. The Chinese company had debts of less than one billion renminbi (€130.2m-$145.2m) on its balance sheet at the end of last year. The offering has received ...
-
News briefs
Sports Direct has raised its stake in Debenhams, the British...
Sports Direct has raised its stake in Debenhams, the British department store chain, from 16.0 percent to 17.08 percent. The move can be regarded as more than just a financial investment as Sports Direct has concessions in several Debenhams stores in the U.K.
-
News briefs
Brooks Running Company, a subsidiary of Berkshire Hathaway, has announced...
Brooks Running Company, a subsidiary of Berkshire Hathaway, has announced that it will expand its global footprint with entry into two new markets – China and Brazil - starting in July of this year. In China, Brooks' products will be available online through T-Mall and Amazon as well as at ...
-
News briefs
Marco Boglione, chairman of BasicNet, is taking over the minority...
Marco Boglione, chairman of BasicNet, is taking over the minority stakes of his brothers Enrico and Francesco in Basic World, the family holding company which owns 36.65 percent of BasicNet's shares. Both Enrico and Francesco, who are involved in other sectors, own 4.7 percent of Basic World. They will be ...
-
News briefs
The Fenix Outdoor group has a new shareholder, Bestseller United,...
The Fenix Outdoor group has a new shareholder, Bestseller United, a Danish fashion group that already has stakes in Zalando and Asos, among others. Bestseller United is the holding company for Bestseller, the company behind several fashion brands. They include Jack & Jones, Vero Moda and Vila along with J. ...
-
News briefs
Emerald Exposition Events, which owns Outdoor Retailer, Surf Expo, Interbike...
Emerald Exposition Events, which owns Outdoor Retailer, Surf Expo, Interbike and many other trade shows in the U.S., opened with a share price of $21.60 on the New York Stock Exchange today, giving it a market capitalization of $1.6 billion. The company and some of its shareholders started offering 15.5 ...
-
Short stops
British anti-trust authorities have approved the acquisition of Go Outdoors...
British anti-trust authorities have approved the acquisition of Go Outdoors by JD Sports Fashion
-
Short stops
VF Corp.'s sale of Majestic to Fanatics has been completed...
VF Corp.'s sale of Majestic to Fanatics has been completed
-
News briefs
21Sportsgroup, the German omni-channel retailer specializing in sports products, is...
21Sportsgroup, the German omni-channel retailer specializing in sports products, is getting a large-scale logistical platform built in Ketsch, near Heidelberg, to support its growth in European markets. The company behind 21run, Vaola and Planet Sports is reportedly investing €25 million in the distribution center, which should cover more than 30,000 ...
-
News briefs
Newton Running is apparently going through a major restructuring process,...
Newton Running is apparently going through a major restructuring process, concentrating on independent running specialists and online sales. Runners World and the Boulder Daily Camera have reported that Danny Abshire, one of the two founders of the American company, has left it, and that the other co-founder, Jerry Lee, is ...
-
News briefs
Sequential Brands has appointed Karen Murray as its new chief...
Sequential Brands has appointed Karen Murray as its new chief executive officer. Most recently, Murray served as president of VF Sportswear, a wholly-owned subsidiary of VF Corp. She replaces Yehuda Shmidman, who is stepping down from his position and as a member of the board of directors. Murray joined VF ...
-
News briefs
Der Spiegel reports that Jack Wolfskin could be taken over...
Der Spiegel reports that Jack Wolfskin could be taken over by hedge funds, as Blackstone is preparing to pull out of the German outdoor company. The U.S. private equity firm acquired Jack Wolfskin in a leveraged buy-out of an estimated €650 million in 2011 but it reportedly had to inject ...
-
News briefs
A store manager in Barnstaple, Alex Balacki has been elected...
A store manager in Barnstaple, Alex Balacki has been elected as the workers' representative on the board of Sports Direct International (SDI). This was one of the measures announced by the British sports retailer and wholesaler after it came under scrutiny last year, with regard to working practices at its ...
-
News briefs
Sports Direct International (SDI) has finalized the sale of its...
Sports Direct International (SDI) has finalized the sale of its rights to the Dunlop brand and the related wholesale and licensing business to affiliates of Sumitomo Rubber Industry (SRI), for $137.5 million in cash. The sum is to be adjusted for net debt and working capital on completion. The agreement ...
-
News briefs
L Catterton, the private equity firm backed by LVMH, is...
L Catterton, the private equity firm backed by LVMH, is reportedly looking to create the largest independent swimwear and beach lifestyle platform in the world through its investments in Seafolly and Maaji. The global platform will combine for the moment Seafolly, the Australian swimwear label, in which L Catterton acquired ...
