More corporate news – Page 97
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News briefs
Asics is opening a subsidiary in Dubai, to more rapidly...
Asics is opening a subsidiary in Dubai, to more rapidly expand the brand in the region of the Gulf Cooperation Council (GCC). It will take over from Falaknaz, a distribution company that has represented the Japanese brand in the region since 2003. Asics says the opening is part of its ...
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Canyon Bicycles has announced it will enter the U.S. market...
Canyon Bicycles has announced it will enter the U.S. market in 2017 via a new partnership with TSG Consumer Partners, the private equity firm that acquired Backcountry.com last year. Canyon will remain an independent entity, entirely separate from TSG's other investments, while TSG will hold a significant minority stake. Final ...
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Newell Brands, which recently closed its acquisition of Jarden Corp.,...
Newell Brands, which recently closed its acquisition of Jarden Corp., on April 15, has announced it will establish a new global headquarters in Hoboken, New Jersey. The group has secured $27 million in tax incentives from the New Jersey Economic Development Authority, which will help offset the costs associated with ...
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Halfords has announced the acquisition of Tredz and Wheelies Direct....
Halfords has announced the acquisition of Tredz and Wheelies Direct. Tredz is an online retailer of premium bicycles and cycling parts, accessories and clothing that sell across the U.K. under the Tredz brand. Wheelies Direct is the U.K.'s largest provider of bicycle replacement for insurance companies. The two businesses collectively ...
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Sports Direct International (SDI) has reportedly been outbid in its...
Sports Direct International (SDI) has reportedly been outbid in its attempt to secure assets of BHS, a British chain offering clothing and household items that went into administration (a form of receivership) around the end of April. The Financial Times reports that the SDI proposition was lower than bids put ...
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Schuh & Sport Mücke, the big German shoe and sporting...
Schuh & Sport Mücke, the big German shoe and sporting goods retail chain that was acquired by ANWR in May 2014, will not be converted to a public limited company. ANWR is now proposing to its general assembly, due to be held in Rotterdam on June 20, to keep it ...
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The nominal shares of Intersport PSC, the Swiss licensee of...
The nominal shares of Intersport PSC, the Swiss licensee of Intersport, stopped trading on the SIX Swiss stock exchange on May 12. They can still be negotiated over the counter on the eKMU-X platform of Zurich's Cantonal Bank, BCZ.
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News briefs
Hydra Ventures, the venturing arm of the Adidas Group, has...
Hydra Ventures, the venturing arm of the Adidas Group, has become an investor in 360fly, a Californian company that specializes in single-lens cameras capturing 360-degree videos. Hydra Ventures came on board as part of a Series C round of financing worth $40 million. It joins L Catterton and Qualcomm Ventures, ...
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Hanesbrands has expanded and priced its debt offering. It will...
Hanesbrands has expanded and priced its debt offering. It will sell $1.8 billion worth of senior executive notes in two tranches, up from a previous plan for $1.5 billion. The offering will consist of $900 million worth of senior notes maturing in 2024 and carrying interest of 4.625 percent, plus ...
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Go Outdoors, the British outdoor retailer with 57 large-scale stores,...
Go Outdoors, the British outdoor retailer with 57 large-scale stores, is studying strategic options that could lead to a sale of at least part of its shares. Go Outdoors said it was in the initial stages of discussions with potential investors, as a means to fuel expansion. Chris Matthews, the ...
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News briefs
Fresh from its agreement to buy Champion Europe for about...
Fresh from its agreement to buy Champion Europe for about €200 million (see our previous issue), Hanesbrands announced the acquisition of Pacific Brands for an enterprise value of $800 million, a regular dividend and a new stock buyback program worth up to $1 billion at today's prices. The purchase price ...
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Confirming a report in Drapers magazine, Fran Allen, who has...
Confirming a report in Drapers magazine, Fran Allen, who has been vice president of New Balance for the Europe, Middle East and Africa (EMEA) region since February 2015, doesn't exclude the possibility that the company will take over the distribution in some other European countries, as it recently did in ...
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News briefs
Lion Capital, an investment company based in the U.K., has...
Lion Capital, an investment company based in the U.K., has taken a minority stake of 20 percent in the Authentic Brands Group, the company that owns 23 brands including Airwalk, Muhammad Ali, Spyder Action Sports, Shaquille O'Neil, and Tretorn among other assets. The majority is still held by its founder ...
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Sram has announced a restructuring program involving the layoffs of...
Sram has announced a restructuring program involving the layoffs of around 40 employees globally due to soft sales over the past year. The company said it intends to focus on new business areas in order to be more aligned with the competitive dynamics of the industry. The 40 employees it ...
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News briefs
Nike is recommending rejection of an unsolicited offer made by...
Nike is recommending rejection of an unsolicited offer made by a Canadian investment firm, TRC Capital Corp., to purchase up to two million shares of Class B common stock, amounting to less than one-sixth of one percent of all outstanding shares. Nike noted that the offer price of $57.00 is ...
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News briefs
The Kufner Group, a leading global supplier of interlinings and...
The Kufner Group, a leading global supplier of interlinings and technical textiles, will take over Ploucquet and its production site in Zittau, Germany, from Smart Solutions Holding, formerly Sympatex Holding, with effect from April 20. Sympatex Holding, parent company of Sympatex, changed its name to Smart Solutions Holding in February. ...
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To cope with its strong expansion, Under Armour will move...
To cope with its strong expansion, Under Armour will move its European office from its current 1,600-square-meter space in the former Olympic Stadium in Amsterdam to a 4,800-square-meter space in the iconic Citroën Buildings in the Olympic area of the city, soon after the completion of their pioneering redevelopment in ...
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Burton Snowboards's president, John Lacy, informed its 900-odd employees on...
Burton Snowboards's president, John Lacy, informed its 900-odd employees on March 16 that about 4 percent of its global staff was being laid off because of the poor snowfall in the past winter, global economic instability and a “challenged retail landscape.” The bankrupt Sports Authority chain in the U.S. owes ...
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Dobotex, the Dutch bodywear company owned by Puma since 2012,...
Dobotex, the Dutch bodywear company owned by Puma since 2012, has expanded its logistics. The company, which is the European licensee of Levi's, Tommy Hilfiger and Puma for men's underwear and socks, is opening a new logistical center in Tilburg. It will become operational on May 9, although the official ...
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Foot Locker has been added to the Standard & Poor's...
Foot Locker has been added to the Standard & Poor's 500 stock index, replacing Cameron International which has been acquired by Schlumberger. For any company, the inclusion in this major index tends to give a strong boost to the demand for its shares.
