More corporate news – Page 91
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News briefs
Luxottica, parent company of Oakley, Ray-Ban and many other brands...
Luxottica, parent company of Oakley, Ray-Ban and many other brands of sunglasses, has agreed to merge with Essilor, the world's largest supplier of ophthalmic lenses in an all-stock deal that values the Italian company at €22.8 billion. The combined company will have market capitalization of more than €50 billion and ...
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News briefs
Callaway Golf is taking over Ogio International for $75.5 million...
Callaway Golf is taking over Ogio International for $75.5 million in cash, equal to about 7.6 times projected incremental Ebitda after integration costs. Major synergies are expected in the supply chain and go-to-market strategies with Ogio, a specialist supplier of golf bags and apparel that also sells travel luggage, outdoor ...
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News briefs
Jerry Turner is launching Turner Footwear, a collection of performance...
Jerry Turner is launching Turner Footwear, a collection of performance running and workout footwear. Turner, who came out of retirement for the new endeavor, served as president of Brooks in the 1960s and 1970s. While at Brooks, he introduced innovations such as nylon outsoles for cleated products and EVA midsoles ...
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News briefs
Drapers reports that JD Sports & Fashion has acquired 2Squared...
Drapers reports that JD Sports & Fashion has acquired 2Squared Agency, a sales and distribution company from Manchester. The agency is selling brands such as Havaianas, Mercer, Swims and Diadora in the U.K. The agency was established in 2009 by Martyn Harrison and Neil Corrie, who spent several years with ...
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News briefs
Sports Direct International (SDI) has parted ways with its three...
Sports Direct International (SDI) has parted ways with its three brokers and instead appointed Liberum Capital, a relatively small alternative, as its sole corporate broker earlier this week. The three brokers were Goldman Sachs, Citi and Haitong (formerly Espirito Santo). Liberum is one of the few brokerages with a “buy” ...
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News briefs
Gildan Activewear, the big Canadian-based licensed sportswear company, won the...
Gildan Activewear, the big Canadian-based licensed sportswear company, won the auction for the brand and other assets of American Apparel for $88 million against other bidders. Amazon was considering making a bid, according to the Wall Street Journal, but did not. Gildan is not buying American Apparel's network of 110 ...
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News briefs
Faraday Bicycles, a supplier of lightweight electric bicycles based in...
Faraday Bicycles, a supplier of lightweight electric bicycles based in San Francisco, was acquired by Pon Holdings as of the start of this year. Faraday was established in 2012 by Adam Vollmer, a former design engineer, who is to remain its managing director, driving the brand's expansion with his team ...
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News briefs
Marker Dalbello Völkl has embarked on a rebranding exercise, forming...
Marker Dalbello Völkl has embarked on a rebranding exercise, forming the MDV Sports group. The changeover is meant to underscore the ties and the increasingly tight partnership between the three winter sports equipment brands in terms of research, production, sales and marketing. Marker, Dalbello and Völkl will continue to cultivate ...
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News briefs
Together with the two other footwear brands of the recently...
Together with the two other footwear brands of the recently formed Rockport Group – Aravon and Dunham - Rockport is moving its global corporate headquarters from Canton, Massachusetts to another town in the Greater Boston Area. The new head office of the group is located in West Newton and offers ...
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News briefs
Heiner Oberrauch, president of the Oberalp Group and Salewa, has...
Heiner Oberrauch, president of the Oberalp Group and Salewa, has reportedly decided to help refugees by giving them work in the fields that belong to his family. They will help cultivate organic fruits and vegetables that will be sold locally. He will start with about 20 refugees with the idea ...
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News briefs
Sport Partner, Hike & Trekking, Bike & Trekking, E-Bike &...
Sport Partner, Hike & Trekking, Bike & Trekking, E-Bike & Trekking, The Right Size and other Dutch trade magazines are been published by a new company, 333 Media, following the bankruptcy in November of Maruba Sports & Travel Publishers. The new company was started by Maas van Drie, former owner ...
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News briefs
At least five institutional investors are considering bids to the...
At least five institutional investors are considering bids to the takeover of Performance Sports Group (PSG), the parent company of Bauer, Mission and Easton. One of them is a former owner of Bauer, Hohlberg Kreavis Roberts (KKR). The others are Apollo Investment Corp., Bain Capital, TPG Capital and Sycamore Partners. ...
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News briefs
The Australian Financial Review reports that L Capital Asia, a...
The Australian Financial Review reports that L Capital Asia, a private equity arm for the LVMH group, is eying the Tigerlily brand of swimwear owned by Billabong International. L Capital already has stakes in other Australian brands including 2XU, which specializes in compression garments, and Seafolly, another swimwear brand. Billabong ...
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News briefs
Shimano has announced plans to open a new distribution center...
Shimano has announced plans to open a new distribution center near the French city of Lyon to enhance its service to French and Italian customers. It will be Shimano's third European distribution center, along with Nunspeet in the Netherlands and Pozna? in Poland. For the Turkish market, the company operates ...
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News briefs
Reebok has announced that its new home in the city...
Reebok has announced that its new home in the city of Boston will be located at 25 Drydock Avenue, in Boston's Seaport District. In November, the company announced it would move from its current location in Canton, Massachusetts. The new Reebok headquarters will house around 700 employees. The 220,000-square-foot location, ...
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News briefs
Björn Borg has signed an agreement to acquire Baseline Group,...
Björn Borg has signed an agreement to acquire Baseline Group, the current distributor of Björn Borg products in the Benelux. The Benelux region is the largest market for the Swedish brand, ahead of Sweden, accounting for 26 percent of the total brand sales in 2015. Baseline Group had a turnover ...
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News briefs
Fitbit has announced the acquisition of key assets of Pebble,...
Fitbit has announced the acquisition of key assets of Pebble, which is set to close down, It was one of the pioneers in the manufacturing of connected watches. The company has reportedly delivered more than two million units since 2012. Fitbit stated in a press release that it will take ...
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News briefs
Swink Media, the publisher of Golf Retailing, has announced the...
Swink Media, the publisher of Golf Retailing, has announced the acquisition of Pro Shop Europe from the Mark Allen Group. The amount of the transaction has not been disclosed. Swink Media said that further details on how Pro Shop Europe will complement Golf Retailing will be announced in the coming ...
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Short stops
Puma has moved the staff of its Italian office, which...
Puma has moved the staff of its Italian office, which counts about 80 people, to new premises at Assago, near Milan
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Short stops
Le Coq Sportif is moving its Spanish sales office to...
Le Coq Sportif is moving its Spanish sales office to the downtown area of Barcelona
