News briefs - Corporate and M&A – Page 105
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News briefs
Pure Fishing, the global provider of fishing tackle brands such...
Pure Fishing, the global provider of fishing tackle brands such as Penn and Berkley, has acquired substantially all of the assets of Cutting Edge Lures, an Australian provider of tropical and freshwater fishing lures marketed under the Rob Gaden brand name. Based in the Australian town of Coffs Harbour, in ...
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News briefs
Nautilus is said to searching for a “modest” new acquisition...
Nautilus is said to searching for a “modest” new acquisition while spending more time developing its international business by working more closely with distributors in key regions. The company saw its net income from continuing operations leap to $47.9 million last year from $16.9 million the year before as total ...
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News briefs
Dahon, the folding bike company based in California, is planning...
Dahon, the folding bike company based in California, is planning to go public on the Taiwan Stock Exchange. It has also formed a new subsidiary in Taiwan that wil handle R&D, purchasing and the distribution of its products in Taiwan. Founded by David Hon, a physicist who had been working ...
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News briefs
To better define sales and marketing activities, Swix Sports has...
To better define sales and marketing activities, Swix Sports has reorganized its company into two separate internal organizations – Sport and Outdoor. Though retailers and consumers will not be able to tell any difference, all Swix and Toko activities now fall under the Sport organization, while the brands Lundhags and ...
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News briefs
Hickies, the two-year-old American company that has launched an innovative...
Hickies, the two-year-old American company that has launched an innovative elastic lacing system for shoes, has raised $4.2 million in funding through the Collaborative Fund and the venture arm of an unnamed global footwear brand. Based in Brooklyn, New York, the company intends to use the proceeds for the development ...
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News briefs
Head NV has extended one more time its conditional share...
Head NV has extended one more time its conditional share buyback offer until March 31, stating that this will be a final opportunity for shareholders to tender their shares. The Dutch holding company of the Head group needs acceptances for more than 2.7 million shares for the buyback to go ...
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News briefs
Accell Group announced that its shares will be included in...
Accell Group announced that its shares will be included in the Midcap index (AMX) of Euronext Amsterdam beginning March 24. The AMX index is made up of 25 medium-sized listed companies on Euronext Amsterdam. It is the first time the Accell Group enters the AMX index since the company's listing ...
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News briefs
Following a decision by the district court in Gothenburg, Sweden,...
Following a decision by the district court in Gothenburg, Sweden, Team Sportia's reorganization process is now complete, which means that the company can continue its operations. In a press release, the company's chief executive, Anders Edvardsson, indicated that the reorganization was made possible in part by the organizational changes that ...
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News briefs
Two major sports nutrition brands, Powerbar and Musashi, have been...
Two major sports nutrition brands, Powerbar and Musashi, have been sold by Nestlé to an American group, Post Holdings. Powerbar is better known in Europe than Musashi, which is mainly sold in Australia. Reportedly, the two brands of premium bars, powders and gels have been sold for twice their annual ...
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News briefs
Dorotennis, the French brand of women's activewear owned by Max...
Dorotennis, the French brand of women's activewear owned by Max Azria, has been placed in receivership by a French court, three years after being placed in bankruptcy proceedings. Reports indicate that its turnover fell to €9.5 million in the financial year ended on Jan. 31, 2013 from €11.7 million in ...
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News briefs
Head has once again extended its conditional offer to buy...
Head has once again extended its conditional offer to buy back its own shares until 5 PM on Feb. 28, keeping the same price. It set the new date on Feb. 11 in reporting that only 16,440,287 shares had been tendered, 14.4 percent short of the minimum of 19,214,042 shares ...
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News briefs
Intersport France said that operations at its factory in Machecoul,...
Intersport France said that operations at its factory in Machecoul, in the French region of Loire-Atlantique, are progressing steadily, reaching higher levels of production than initially planned. In March 2013, Intersport took over a French factory there, formerly owned by Cycleurope, which was placed in liquidation, to assemble about 200,000 ...
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News briefs
JD Sports is reportedly starting its own chain low-cost gyms...
JD Sports is reportedly starting its own chain low-cost gyms in the U.K., to be run by Alun Peacock, a former associate director of DW Sports Fitness. The first studio is due to open this month in Hull on the premises of a former Fitness First gym. Also, JD plans ...
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News briefs
Keller Sports, a German-based online retailer specializing in running, fitness...
Keller Sports, a German-based online retailer specializing in running, fitness and tennis, has received a new seven-digit financial investment from Christian Mangstl, who co-founded Scout24, a German online marketplace for the sale and purchase of cars, real estate, financial services and other types of items. The additional money will be ...
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News briefs
The Lafuma Group reports the successful completion of an equity...
The Lafuma Group reports the successful completion of an equity increase of €10 million, but the company had not yet published the new structure of the capital as of today. In a preliminary report, the group has indicated that its sales inched up by 2.8 percent in the quarter ended ...
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News briefs
Specialty sporting goods and outdoor retailers in Germany and some...
Specialty sporting goods and outdoor retailers in Germany and some other countries are suffering from rising competition from pure online retailers like Zalando, a company that we generally cover only through Shoe Intelligence, our publication on the non-athletic shoe market, because of its emphasis on this sector. According to a ...
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News briefs
Amer Sports reports that one of its shareholders, Varma Mutual...
Amer Sports reports that one of its shareholders, Varma Mutual Pension Insurance Company, has reduced its stake in the company to 3.02 percent. Amer also says that the number of treasury shares has increased to 983,587 as 1,000 shares that had been granted to employees as share-based incentives have been ...
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News briefs
The Pryde Group has closed its subsidiary in France and...
The Pryde Group has closed its subsidiary in France and moved its operations to Germany. The French subsidiary had assumed the distribution of the Flow brand of snowboarding equipment in France, Benelux, Germany, Austria and Spain. The company will keep an office in Annecy, to market Flow products in the ...
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News briefs
Sports Direct International has resold a share of 4.6 percent...
Sports Direct International has resold a share of 4.6 percent that it had acquired in Debenhams, the big department store operation in the U.K. The British sporting goods and lifestyle retailer, which operates about 400 stores in the country and more and more in the rest of Europe, had bought ...
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News briefs
Finn Carlsen, who ran Sport 2000 International between 2001 and...
Finn Carlsen, who ran Sport 2000 International between 2001 and 2004, will gradually become the new owner of two leading European recruitment consultancies, International Sports Marketing (ISM) and Sports Brokers (SB), and he will run both of them. Carlsen, who is now 59 years old, had bought half of the ...
