More corporate news – Page 92
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JD Sports Fashion says it has paid about £112.3 million...
JD Sports Fashion says it has paid about £112.3 million (€131.6m-$139.3m) to acquire the entire issued share capital of Go Outdoors, a British outdoor retailer with 58 large-scale stores, while assuming net debt of about £16 million as part of the transaction. Go Outdoors had sales of £202.2 million (€237.0m-$250.9m) for ...
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René Benko has further increased his control over Signa Holding,...
René Benko has further increased his control over Signa Holding, the real estate company that owns Karstadt and other retail assets. According to Textilwirtschaft, the Benko family's private foundation has taken over the 30.6 percent stake held in Signa Holding by the Falcon Private Bank of Zurich. The family thus ...
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The Australian media have reported about the insolvency of BLK,...
The Australian media have reported about the insolvency of BLK, the brand of team sports jerseys based in Queensland. It has contracts with many football, rugby and netball teams in Australia, and a few also in Europe. Executives of the company declined to provide information on the consequences of the ...
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A court has approved the terms of an auction of...
A court has approved the terms of an auction of the assets of Performance Sports Group (PSG), the parent company of Bauer and other brands. Investors are invited to bid against a stalking horse proposal by Sagard Capital to take over the company for $575 million. The bids are due ...
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GoPro has announced a reorganization program that will involve the...
GoPro has announced a reorganization program that will involve the elimination of about 200 jobs, or 15 percent of its staff, and the closing of its entertainment division, in a bid to reduce operating expenses by $650 million and return to profitability in 2017. The entertainment division was supposed to ...
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Hero Cycles, the Indian bicycle maker, has announced plans to...
Hero Cycles, the Indian bicycle maker, has announced plans to set up a global design center in Europe. The new state-of-the-art design center will be located in Manchester, U.K. The center, which is expected to start operations in the first quarter of 2017, will focus on innovation and design to ...
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Li Ning is reportedly building a ski resort of its...
Li Ning is reportedly building a ski resort of its own in the Shanxi province of China. According to a recent report by Bloomberg, China is experiencing a real skiing boom. The country's government is investing heavily in winter sports infrastructures in view of the Winter Olympics in 2022, which ...
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Boa Technology, the company known for its unique closure system,...
Boa Technology, the company known for its unique closure system, has broken ground in the Denver area for the construction of a new 140,000-square-foot office building. Targeting LEED Silver certification, it will have one of the largest private green roofs in the city. The building will house the Boa Fit ...
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Canada Goose would like to go public sometime in 2017....
Canada Goose would like to go public sometime in 2017. Bain Capital, which acquired a majority stake in the Canadian company three years ago, is said to be seeking a valuation of $2 billion in the planned initial public offering. Credit Suisse, the Canadian Imperial Bank and Goldman Sachs have ...
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An Italian investment fund, Cassa Depositi e Prestiti, is considering...
An Italian investment fund, Cassa Depositi e Prestiti, is considering the acquisition of a stake in the Tecnica Group through a capital increase, according to the Italian daily Sole 24 Ore. The funds would help the company to reach its objective of generating a double-digit operating margin on a turnover ...
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Sports Direct is facing parliamentary demands for explanations after a...
Sports Direct is facing parliamentary demands for explanations after a group of members of Parliament turned up unannounced at its head office and warehouse in Shirebrook, and alleged that an attempt was made to record a private discussion in one of the group's meeting rooms. Ian Wright, head of the ...
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News briefs
JD Sports Fashion is proposing a stock split. The fast-growing...
JD Sports Fashion is proposing a stock split. The fast-growing British retailer has called shareholders to a general meeting on Nov. 24 to approve it. The proposed move would involve splitting the company's existing ordinary shares, which have a nominal value of 1.25 pence each, into five new ordinary shares ...
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The Guardian reports that Sports Direct International (SDI) and some...
The Guardian reports that Sports Direct International (SDI) and some of its shareholders are struggling to agree on a suitable independent party to conduct a review of the British sports retailing and wholesaling group. Under scrutiny over issues relating to working conditions and corporate governance, SDI conducted a preliminary review ...
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Despite Brexit, New Balance said it is committed to keep...
Despite Brexit, New Balance said it is committed to keep manufacturing shoes in England, which employs 240 workers, and will use it to make premium football boots for the first time in almost four decades. Rob DeMartini, chief executive, made the statement while inaugurating its biggest store outside the U.S. ...
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Wilson has acquired the EvoShield brand and related intellectual property...
Wilson has acquired the EvoShield brand and related intellectual property rights in an asset deal from the eponymous company. The brand is described as the leading supplier of protective gear for baseball and softball. It is the official protective gear of Major League Baseball.
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News briefs
Cicli Pinarello, the Italian cycling company, is set to be...
Cicli Pinarello, the Italian cycling company, is set to be bought by LVMH, the French conglomerate behind high-end luxury brands such as Louis Vuitton, Dior, and Moet et Chandon. If the transaction is confirmed, it would be LVMH's first move into the sports and wellness markets. There should be no ...
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The Body Glove brand and related intellectual property assets have...
The Body Glove brand and related intellectual property assets have been acquired by Marquee Brands from Body Glove International. Body Glove was founded in Redondo Beach, California in 1953 by two twin brothers, Bob and Bill Meistrell. The Meistrell family will retain a minority interest in the Body Glove brand. ...
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Globe International said it was acquiring 50 percent of Salty...
Globe International said it was acquiring 50 percent of Salty Crew, a Californian apparel brand specializing in surfing, fishing, diving and sailing products. As part of the deal, which should become effective in January 2017, Globe is to assume operational and financial functions for the brand, while key managers will ...
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In May 2017, Columbia Sportswear will relocate the headquarters of...
In May 2017, Columbia Sportswear will relocate the headquarters of Sorel and 45 employees to the downtown area of Portland, Oregon, but it will keep its own global head office in Washington County, where it moved from downtown Portland in 2001. Columbia bought Sorel in 2000. Tim Boyle, chief executive ...
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The Adidas Group is resuming its share buyback program today,...
The Adidas Group is resuming its share buyback program today, based on the authorization given at its annual meeting on May 12. After two previous tranches of stock repurchases conducted in the last two years, involving a total of 9,018,769 shares that represented 4.31 percent of its share capital, the ...
