More corporate news – Page 99
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News briefs
Stella International Holdings is closing its large factory in Dongguan,...
Stella International Holdings is closing its large factory in Dongguan, which employs some 10,000 workers, at the end of this month, due to rising labor costs. The plant has been making mainly women's shoes for brands like Prada, Rockport and Nike. The Chinese producer will move most of the production ...
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Thule Group says the number of shares and votes in...
Thule Group says the number of shares and votes in the company has risen to 1,036,455 following the exercise of warrants
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News briefs
Iconix Brand Group, the owner of Umbro and several other...
Iconix Brand Group, the owner of Umbro and several other sports brands, has adopted a short-term shareholder rights plan after a sharp decline in its share price in recent months. Sports Direct International (SDI), the British retailer, acquired indirect economic interests amounting to 14.4 percent in Iconix in the last ...
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Confirming reports in the Spanish press, New Balance says it...
Confirming reports in the Spanish press, New Balance says it has opened a Spanish subsidiary, New Balance Retail Spain, but points out that its sole purpose is to manage outlet stores in the country. It already has one in the La Roca Village shopping center of Barcelona. Alfico will continue ...
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Neue Medien Ulm Holding, a publishing company controlled by the...
Neue Medien Ulm Holding, a publishing company controlled by the Ebner family, has signed a deal for the acquisition of SAZ, the leading German sports industry magazine founded by Horst Frankl 41 years ago. The deal is conditional on approval by German anti-trust authorities. Frankl, who is now 75 years ...
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Thule Group says the number of shares and votes in...
Thule Group says the number of shares and votes in the company has risen to 1,036,455 following the exercise of warrants
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News briefs
Macintosh Retail Group has sold its Scapino chain of shoe...
Macintosh Retail Group has sold its Scapino chain of shoe shops to a Dutch shoe retailer, H. Ziengs, and its Brantano chain of 130 stores in Belgium to Brantnew, a new group formed by three other local retailers. Ziengs will take over only between 140 and 180 out of the ...
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News briefs
Selle Italia has acquired a majority stake in Selle San...
Selle Italia has acquired a majority stake in Selle San Marco, as reported by the Italian newspaper Il Gazzettino di Vicenza e Bassano. The two historical bicycle brands are both based in Italy's Veneto region and together generate revenues of around €30 million of which €23 million are generated by ...
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News briefs
Golf Datatech, the market research company covering the sales of...
Golf Datatech, the market research company covering the sales of golf equipment and apparel, has acquired the Golf Retail Audit Service of U.K.-based Sports Marketing Surveys (SMS). As a result of the acquisition, Golf Datatech said it will now be able to deliver market retail research in one consistent format ...
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News briefs
The North Face has moved its office and showroom for...
The North Face has moved its office and showroom for the German-speaking countries from the MOC to the German office of VF Corporation in the northern part of the city, along with other group brands such as Smartwool, Napapijri, Timberland, Vans and Wrangler.
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News briefs
Seven executives of Thule Group including Magnus Welander and Stefan...
Seven executives of Thule Group including Magnus Welander and Stefan Jacobsson, who are respectively chief executive and chairman of the Swedish company, have exercised warrants issued since 2014, paying 84.90 Swedish kronor (€9.05-$9.88) per share. The transaction raises the total number of shares by 1,036,455 to 101,036,455, resulting in net ...
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News briefs
Garmin International has acquired Pulsed Light, a company specializing in...
Garmin International has acquired Pulsed Light, a company specializing in optical distance measurement technology, boasting that the sensor boards from the firm in Oregon are particularly accurate, small and lightweight. Pulsed Light developed and owns the intellectual property that enables this technology. The multiple applications could include products such as ...
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News briefs
Herbert Hainer, chief executive of the Adidas Group, told the...
Herbert Hainer, chief executive of the Adidas Group, told the Süddeutsche Zeitung that the company achieved sales of more than €2 billion in China last year, up from €1,811 million in 2014, making it the group's second-largest national market after the U.S. For this year the Adidas chief predicts buoyant ...
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At least three companies are reportedly holding talks about their...
At least three companies are reportedly holding talks about their possible takeover of Scapino, the large Dutch shoe retailer that was declared bankrupt last Friday. While Scapino stores remain open, a spokesman for the receivers confirmed that they were holding talks with interested parties to obtain a rapid relaunch for ...
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News briefs
Atmósfera Sport, the Spanish buying group, has expanded its 2,000-m²...
Atmósfera Sport, the Spanish buying group, has expanded its 2,000-m² head office near Valencia by an additional 1,000 square meters. The reasons given for extension are a growing number of retail members and plans for a stronger verticalization process for the group's operations. According to CMD Sport, the group's revenues ...
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Black Diamond is moving its European head office from a...
Black Diamond is moving its European head office from a town near Basel, in Switzerland, to Innsbruck in Austria. The transfer, which follows the disposal of Gregory Mountain Products and Poc, is expected to help the company to reduce its operating costs. More on this in The Outdoor Industry Compass.
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Graeme Roustan, the former chairman of Bauer, is again threatening...
Graeme Roustan, the former chairman of Bauer, is again threatening a hostile takeover of its parent company, Performance Sports Group. He says he is looking for partners to take the company private, claiming that it is pursuing a direct-to-consumer strategy that could be a threat to its existing customer base. ...
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Robin Stalker, chief financial officer at the Adidas Group, told...
Robin Stalker, chief financial officer at the Adidas Group, told The Financial Times that the company was not facing pressure to divest activities. Speculation has been reported about such pressure after several influential investors built up stakes in Adidas this year: Southern Asset Management (SAM) in the U.S. and investment ...
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News briefs
Sport Partner reports that Mizuno's French subsidiary will no longer...
Sport Partner reports that Mizuno's French subsidiary will no longer distribute the brand in Belgium and Luxembourg from the beginning of April, and that sales in the two countries will instead be supervised from the Netherlands. The publication indicates that the change fits with wide-ranging investments by Mizuno in European ...
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News briefs
The Frankfurter Allgemeine Zeitung reported earlier this month that some...
The Frankfurter Allgemeine Zeitung reported earlier this month that some creditors of Kettler, the German fitness and leisure equipment company that filed for insolvency under its own administration in June, want to study a potential sale of the company – be it only to establish a market value. With the ...
