More corporate news – Page 89
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News briefs
The Adidas Group has teamed up with Carbon, a U.S....
The Adidas Group has teamed up with Carbon, a U.S. start-up company, to make running shoes featuring midsoles produced with light and oxygen, which may be manufactured on a large scale. The first batch of 5,000 shoes to be made as part of the Futurecraft 4D project should hit the ...
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In a conference call with financial analysts ahead of the...
In a conference call with financial analysts ahead of the release of its first-quarter financial results later this month, GoPro promised to cut its operating expenses this year by $200 million through various measures including the elimination of 270 jobs, or about 17 percent of its staff. The company, which ...
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Another minority shareholder of Deckers Brands has called for a...
Another minority shareholder of Deckers Brands has called for a sale of the company, charging that it has underperformed in the past three to five years. Mountain Capital Partners, which owns 3.3 percent of the equity, complained in particular about poor capital allocation decisions by Deckers' management, adding that there ...
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VF Corporation has finalized a deal for the sale of...
VF Corporation has finalized a deal for the sale of Majestic, its U.S. factory and other parts of its Licensed Sports Group to Fanatics
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VF Corp. is integrating its Lucy brand of activewear and...
VF Corp. is integrating its Lucy brand of activewear and its 44 single-brand stores in the U.S. into the operations of The North Face
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Rapala VMC Corporation has completed negotiations with its staff that...
Rapala VMC Corporation has completed negotiations with its staff that will lead to the layoff of 50 employees in Finland, but the talks are still on in Estonia, where a maximum of 10 should be let go
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Under Armour is laying off about two dozen employees of...
Under Armour is laying off about two dozen employees of Endomondo, its connected fitness operation in Copenhagen, according to the Baltimore Sun
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Reydon Sports, the British wholesaler, is moving to new premises...
Reydon Sports, the British wholesaler, is moving to new premises with a larger warehouse in the Nottingham area
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Sports Direct International has notified shareholders that Mash Holdings, the...
Sports Direct International has notified shareholders that Mash Holdings, the holding company of Mike Ashley, raised its direct and indirect stake in the company from 56 to 57 percent on Feb. 16
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Anta Sports Products, the leading Chinese sports apparel and footwear...
Anta Sports Products, the leading Chinese sports apparel and footwear brand, intends to raise 3.79 billion Hong Kong dollars (€449.3m-$487.9m) in a share issue, to fund acquisitions or partnerships with other international sports brands. The Chinese group has made such tie-ups an important part of its growth strategy, which most ...
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Sports Direct International has raised its stake in Debenhams, the...
Sports Direct International has raised its stake in Debenhams, the British chain of department stores, to the equivalent of 13.38 percent, including a put option on 10.5 percent of the equity. Meanwhile, reports indicate that workers at its warehouse in Shirebrook are still waiting to receive compensation by their recruitment ...
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A total of 285 employees participated benefitted from the latest...
A total of 285 employees participated benefitted from the latest share incentive program of Amer Sports, receiving a total 1,313,386 treasury shares in the group, representing 1.11 percent of its equity. Amer listed among the participants various senior managers: Robert Barker, Michael Dowse, Sebastian Lund, Bernard Millaud, Jean-Marc Pambet, Kaisa ...
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Roeckl Handschuhe & Accessories filed for insolvency on March 21....
Roeckl Handschuhe & Accessories filed for insolvency on March 21. The company will close seven stores and 45 of its 200 employees will be made redundant. Roeckl Sports, which specializes in sports gloves and is managed and owned by Christian and Stefan Roeckl, is not affected by the insolvency, as ...
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Billabong International reports the completion of its sale of Tigerlily...
Billabong International reports the completion of its sale of Tigerlily to Crescent Capital Partners
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Another shareholder of Deckers Brands, Red Mountain Capital Partners, is...
Another shareholder of Deckers Brands, Red Mountain Capital Partners, is calling for a sale of the company or some of its brands because of its poor performance in the past three to five years
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Reacting to adverse publicity about the handling of its staff,...
Reacting to adverse publicity about the handling of its staff, Sports Direct International has decided to allow a representative of all its 23,000 employees to attend its board meetings and to speak in their behalf. The British group has opened applications for the nomination of prospective candidates who will undergo ...
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Sports Direct International (SDI) has moved to clarify its role...
Sports Direct International (SDI) has moved to clarify its role in the acquisition of Agent Provocateur, a lingerie brand. The group said that, contrary to some press reports, the brand was not acquired by SDI but by Four Marketing, a branding agency in which it has a shareholding of 25 ...
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Thule Group has decided to divest a business in the...
Thule Group has decided to divest a business in the U.S. for the production and sale in North America of tool boxes for pick-up trucks that generated sales of 307 million Swedish kronor (€31.9m-$34.1m) last year. The process should be completed in the course of 2017, leaving the Specialty segment of ...
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Grifone, a Spanish brand of outerwear that is regarded as...
Grifone, a Spanish brand of outerwear that is regarded as a local version of Moncler, is reportedly looking again for new investors. Its sales were last reported at €2.1 million in 2011, down from a peak of €6 million around 2010, and they have probably gone down further lately following ...
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Tretorn has set a goal of becoming the leading Scandinavian...
Tretorn has set a goal of becoming the leading Scandinavian supplier in the tennis sector. To achieve this, the Swedish company sold by Puma to Authentic Brands in 2015 has made changes in its organization and partnered with Adidas. Tretorn has acquired a license for the distribution in Scandinavia of ...
