More corporate news – Page 98
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Sport Chalet, a big American sporting goods retail chain, is...
Sport Chalet, a big American sporting goods retail chain, is closing all its 47 physical stores and its online shop, but Olivier Leclercq, a member of the family that owns 42 percent of Decathlon, is not going to be affected. Leclercq had made an unspecified personal investment in Sport Chalet ...
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VF Corp, the owner of The North Face and Timberland,...
VF Corp, the owner of The North Face and Timberland, among many other brands, said it was exploring “strategic alternatives” for its Licensed Sports Group (LSG) business. This part of the U.S. group includes the Majestic Athletic brand and it supplies apparel and fanware through licensing agreements with U.S. and ...
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Vista Outdoor has obtained a new credit facility to help...
Vista Outdoor has obtained a new credit facility to help finance its purchase of BRG Sports' Action Sports division, which was announced in February. The new loan will include a $400 million revolving credit facility and adds another $290 million to its $350 million term loan A facility for a ...
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Volcom, which belongs to Kering's Sport & Lifestyle segment since...
Volcom, which belongs to Kering's Sport & Lifestyle segment since 2011, has sold Electric through a management buyout to a group led by the brand's chief executive, Eric Crane. The asset deal became effective on March 16. In reporting its 2015 results, Kering said that Electric's sales declined due to ...
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Quiksilver has completed an exchange offer for the debt of...
Quiksilver has completed an exchange offer for the debt of its European Boardriders subsidiary. It has managed to exchange 91.1 percent of Boardriders' outstanding €200 million worth of 8.875 percent senior notes, due in 2017, with a combination of cash and new 9.5 percent senior notes, due in 2020. Boardriders ...
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Kettler, the German fitness equipment company that went into self-administered...
Kettler, the German fitness equipment company that went into self-administered receivership in June, said it would exit the proceedings and resume business without restrictions from the start of April. Kettler already moved closer to the end of the proceedings in February when its insolvency plan was approved by creditors. The ...
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Erima has budgeted investments of around €25 million to build...
Erima has budgeted investments of around €25 million to build a new head office and logistic center due to go onstream in the second half of 2017, occupying about 19,000 square meters at Kirchentellinsfurt near Tübingen. Called the Home of Teamsport, it will be located 10 km away from the ...
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Mårten Nydahl, CEO of Cycleurope Sverige, told the Hallands Nyheter...
Mårten Nydahl, CEO of Cycleurope Sverige, told the Hallands Nyheter newspaper in Sweden that the Cycleurope group achieved a turnover of nearly €500 million in 2014 and its profit increased €23.7 million, up from €18.6 million in 2014. As reported in Bike Europe, Nydahl added that Cycleurope moved some of ...
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Acting through a German bank, Landesbank Hessen-Thüringen, Amer Sports has...
Acting through a German bank, Landesbank Hessen-Thüringen, Amer Sports has issued €100 million in loan agreements with both fixed and floating tranches and lending periods of five and seven years. Like those that the company had already issued a few years ago, these so-called Schuldschein loans are certificates of indebtedness, ...
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Iconix Brand Group has obtained a loan of $300 million...
Iconix Brand Group has obtained a loan of $300 million from the Fortress Investment Group. While it will cost $9 million in annual interest expenses, the five-year loan sent the stock market capitalization by 17 percent for the financially distressed parent company of Umbro and many other brands. The news ...
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Ardian, an independent French private investment firm, has divested its...
Ardian, an independent French private investment firm, has divested its stake in Netquattro, the company behind Fitness Boutique. This network of 72 stores specializes in fitness equipment and nutrition, in France and several other countries, from Spain to Italy, Belgium, Switzerland and Portugal. The stake was divested early last month ...
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News briefs
GoPro has completed the acquisition of Replay and Slice, two...
GoPro has completed the acquisition of Replay and Slice, two mobile video editing apps. Merging Replay and Splice into GoPro's mobile strategy will allow GoPro to deliver improved mobile editing solutions. Splice, developed by Vemory in Austin, Texas, is a mobile editor that allows users to create customized edits with ...
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Short stops
Amer Sports has completed its $50 million acquisition of Enve...
Amer Sports has completed its $50 million acquisition of Enve Composites, the fast-growing brand of high-end bike components
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Short stops
Compass Diversified (Codi) has filed for a further reduction in...
Compass Diversified (Codi) has filed for a further reduction in its stake in Fox Factory from 40.8% to 33.1%
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News briefs
Amer Sports has announced that it will acquire Enve Composites...
Amer Sports has announced that it will acquire Enve Composites for $50 million in an all-cash transaction. Enve, based in Utah, is a maker of high-end carbon wheels, components and accessories for road and mountain cycling. The company has annual sales of around $30 million. The acquisition, which is expected ...
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The Rossignol group has completed the planned acquisition of Time,...
The Rossignol group has completed the planned acquisition of Time, a French bicycle brand which will help it to offset the vagaries of the snow season. Sylvain Noailly, vice president of the group in charge of marketing and business development, will take responsibility for this new business segment. Time made ...
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Asics Corp. has joined the industry-wide connected fitness movement by...
Asics Corp. has joined the industry-wide connected fitness movement by acquiring FitnessKeeper, a company in Boston that owns Runkeeper, a popular GPS-based running app. The takeover should allow the brand to obtain data that will help to guide its marketing activities. FitnessKeeper was founded in 2008 and its app is ...
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Technogym confirms through a company executive that it has filed...
Technogym confirms through a company executive that it has filed the documentation to go public on the Milan stock exchange in order to promote its international expansion. According to the Italian media, the Italian company raised its operating profit before amortization (Ebitda) by 40 percent last year to €86.7 million ...
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News briefs
Quiksilver's European Boardriders subsidiary is offering to exchange €200 million...
Quiksilver's European Boardriders subsidiary is offering to exchange €200 million worth of outstanding 8.875% senior notes due in 2017 with a new package of 9.500% senior notes due in 2020, plus cash, in order to reduce its indebtedness. The new package eliminates restrictive covenants and certain default terms associated with ...
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News briefs
Sympatex Holding is changing its name this month to Smart...
Sympatex Holding is changing its name this month to Smart Solutions Holding – albeit only at the level of the holding company. Its two subsidiaries, Sympatex and Ploucquet subsidiaries, will continue to operate under those names. The group said in a press release that the change of name was meant ...
