More corporate news – Page 93
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News briefs
21sportsgroup, the expansive German retail group, has drawn €15 million...
21sportsgroup, the expansive German retail group, has drawn €15 million in fresh capital from ESO Capital to support its growth. The group indicates that the money is chiefly earmarked for further international expansion. Specializing in running, cycling, triathlon, outdoor and action sports products, 21sportsgroup is the company behind several multichannel ...
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Navalayo Osembo, one of the founders of the Kenyan athletic...
Navalayo Osembo, one of the founders of the Kenyan athletic footwear brand Enda, presented the Iten - Enda's first shoe - to four investors during the television's inaugural series of the Lions Den. The program is the Kenyan equivalent of the Shark Tank, an international TV series in which hopeful ...
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News briefs
Wolverine Worldwide said it has created 250 new jobs at...
Wolverine Worldwide said it has created 250 new jobs at its manufacturing facility in Michigan so far this year as it broke ground on a planned 16,000-square-foot extension. It should be completed in early 2017, allowing the company to add a new warehouse for incoming raw materials. Built in 1964 ...
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News briefs
A large investment fund, Brookfield Asset Management, has taken advantage...
A large investment fund, Brookfield Asset Management, has taken advantage of the distressed price of Performance Sports Group (PSG) shares to accumulate a 13.2 percent stake in the company, which owns Bauer Hockey and other sports brands. The share price jumped by 16 percent to $4.16 on the news, but ...
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News briefs
Honma Golf, the Japanese maker of gold-plated golf clubs whose...
Honma Golf, the Japanese maker of gold-plated golf clubs whose customers include Donald Trump, the presidential hopeful, went public on the Hong Kong stock exchange a few days ago, raising proceeds of HK$1.26 billion (€147.5m-$162.4m), but its stock market capitalization fell to HK$5.5 billion (€643.7m-$708.9m) in early trading. The shares were ...
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News briefs
Air Liquide says it has entered exclusive negotiations for the...
Air Liquide says it has entered exclusive negotiations for the sale of Aqua Lung, its scuba diving equipment subsidiary, to Montagu Private Equity, the European investment fund previously known as HSBC Private Equity. The latest reported data show that Aqua Lung's revenues fell by 5 percent to €103 million in ...
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News briefs
Åre Skidfabrik, an alpine ski factory located in Åre, Sweden,...
Åre Skidfabrik, an alpine ski factory located in Åre, Sweden, has fully or partially taken over the production of skis for three Norwegian ski brands: SGN Skis, Stereo Skis and Moonlight Mountain Gear. According to Sportfack's news service, the three ski brands made the decision to move production from lower-cost ...
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News briefs
One of Germany's wealthiest men, Carsten Mashmeyer, has agreed to...
One of Germany's wealthiest men, Carsten Mashmeyer, has agreed to invest more than €750,000 to acquire a 20 percent stake in Glorify, the Austrian brand of supposedly unbreakable sports and sun glasses. He responded to an appeal for funding made on a popular TV show by the president of Glorify, ...
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News briefs
Carve Designs, a California-based producer of women's swimwear, beachwear, surfwear...
Carve Designs, a California-based producer of women's swimwear, beachwear, surfwear and beach-inspired apparel, has received a significant, unspecified investment from Warren B. Kanders, the executive chairman of Black Diamond. He also chairs Mountain Khakis and Safariland. Thayler Sylvester and Jennifer Hinton, who founded Carve Designs in 2003, will continue to ...
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News briefs
Moncler, one of the stars on the Milan stock exchange,...
Moncler, one of the stars on the Milan stock exchange, lost 2 percent of its value, going down to €15.28 a share, after analysts heard that its major shareholder, Eurazeo, divested 6 percent of the company's equity for €230 million. The investment fund's stake in Moncler has thus declined to ...
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News briefs
361 Degrees announced that it has no outstanding notes in...
361 Degrees announced that it has no outstanding notes in issue, following the early redemption of all senior 7.5 percent notes that were due in 2017. The last batch of notes, worth a total of 306,920,000 yuan renmimbi (€41.36m-$45.71m) was redeemed in full on Oct. 5. All the notes have ...
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News briefs
Nike will begin construction in mid-2017 of a sixth building...
Nike will begin construction in mid-2017 of a sixth building at its world headquarters in Beaverton, Oregon, adding about 360,000 square feet of office space and 330,000 square feet for parking to its campus. As for other buildings under development, it will aim for LEED Platinum Certification as part of ...
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News briefs
The Times of India reports that Nike is shutting down...
The Times of India reports that Nike is shutting down 35 percent of its stores in India, as it strives to cut its losses in the country. The newspaper adds that the brand currently has about 200 mono-brand stores left in the country and is sharply reducing the number of ...
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News briefs
Vista Outdoor, the U.S. company that has been expanding through...
Vista Outdoor, the U.S. company that has been expanding through the acquisition of Camelbak and other brands, has agreed to pay $74 million to further widen its offering with the purchase of Camp Chef, an American supplier of outdoor cooking gear. The purchase price being paid for the privately-owned company ...
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News briefs
Four Marketing, an international premium fashion agency that holds the...
Four Marketing, an international premium fashion agency that holds the rights to represent over 30 brands through their flagship and online stores, has announced the acquisition of two brands of outerwear, Penfield and Cape Heights, from their chief executive and creative director, James Barshall. Founded in Hudson, Massachusetts in 1975, ...
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Short stops
Dunlop Slazenger's Spanish subsidiary has a new office at El...
Dunlop Slazenger's Spanish subsidiary has a new office at El Prat de Llobregat, the town near Barcelona where also Amer Sports, Nike and Mizuno have their Spanish offices
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News briefs
Shimano Europe will implement a new pricing strategy from next...
Shimano Europe will implement a new pricing strategy from next year, which aims to harmonize pricing between its own sales offices in Europe and to switch from a volume-driven to a value-based pricing strategy. While Shimano's customers previously obtained discounts based on the size of their orders, the new pricing ...
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News briefs
Wolverine Worldwide completed a debt refinancing program on Sept. 15,...
Wolverine Worldwide completed a debt refinancing program on Sept. 15, allowing the company to save about $30 million worth of interest payments through 2020 and giving it more flexibility in the use of cash. It will also make it easier to repurchase company shares under a recently announced $300 million ...
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News briefs
VF Corp. has issued Eurobonds worth a total of €850...
VF Corp. has issued Eurobonds worth a total of €850 million. The proceeds from the senior unsecured notes, which carry annual interest of 0.625 percent, will be used for working capital requirements and general corporate purposes. They will provide a natural currency hedge for operations in Europe.
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News briefs
Vibram has announced has celebrated its centennial anniversary of manufacturing...
Vibram has announced has celebrated its centennial anniversary of manufacturing in the U.S. The milestone celebration, which was open to the public, took place on Sep. 16, at its Quabaug Vibram Innovation (QVI) plant in North Brookfield, in central Massachusetts. The company said 2016 will not only celebrate the past, ...
