News briefs - Corporate and M&A – Page 108
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News briefs
Moncler has sold its sportswear division to Cavaliere Brands, a...
Moncler has sold its sportswear division to Cavaliere Brands, a company indirectly controlled by Emerisque Brands, a global investor that operates mainly in the U.K., the U.S. and Hong Kong. Moncler's sportswear division includes the Marina Yachting, Henry Cotton's, Coast Weber & Ahaus brands as well as the license for ...
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News briefs
Callaway Golf has redeemed all its 7.5 percent Series B...
Callaway Golf has redeemed all its 7.5 percent Series B convertible preferred shares. Of those, 183,496 were converted into 2,602,770 ordinary shares and the 300 others were redeemed for $30,356.25.
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News briefs
Amer Sports has issued a bond worth 750 million Swedish...
Amer Sports has issued a bond worth 750 million Swedish kronor (€85.4m-$115.4m) to institutional investors, with a floating rate and a loan period of five years. It will use the bond for the repayment of loans and general corporate purposes. Nordea Markets acted as the sole book-runner for the bond, which ...
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Amer also reports that a total of 19,109 shares granted...
Amer also reports that a total of 19,109 shares granted as share-based incentives were returned to Amer Sports on Nov. 7 in accordance with the terms of an incentive plan as the employment of their holders came to an end. Amer holds now a total of 982,587 shares of its ...
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News briefs
Quiksilver reports the sale of its snowboard manufacturing operations to...
Quiksilver reports the sale of its snowboard manufacturing operations to Extreme Holdings for an undisclosed amount of cash, as part of a profit improvement plan announced last May. The operations consist of Mervin Manufacturing and its Gnu and Lib Tech brands. Extreme Holdings is described as a company “advised” by ...
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News briefs
El Corte Inglés has agreed to sell a 51 percent...
El Corte Inglés has agreed to sell a 51 percent stake in its consumer finance business, Financiera El Corte Inglés, to Santander, one of its major lenders. According to Reuters, the bank is paying €140 million for the profitable operation, which generated revenues of €168.4 million last year. If regulatory ...
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News briefs
Accell Group is expected to undergo a new round of...
Accell Group is expected to undergo a new round of restructuring, which should affect, in particular, its Dutch companies. According to a report in Bike Europe, the staff of the Accell's companies in the Netherlands was informed on Oct. 2 of the proposed changes, but the details of the new round ...
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News briefs
On Oct. 5, Gazelle, the Dutch bicycle company, suffered a...
On Oct. 5, Gazelle, the Dutch bicycle company, suffered a fire that destroyed its parts and accessories warehouse in Dieren. The causes of the fire are under investigation. Other buildings were saved and production was not disrupted. The warehouse, which is now reduced to ruins, had been opened in 2005. ...
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Sergio Tacchini has a new head office in Milan, on...
Sergio Tacchini has a new head office in Milan, on Via Savona 97. It is located in a former industrial area that has been renovated, becoming one of the new landmarks in town for fashion and design. The brand moved its showroom from a lakeside town to Milan last July ...
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Nike has reportedly acquired a minority stake in a Californian...
Nike has reportedly acquired a minority stake in a Californian start-up, called Grabit, for less than $600,000. Grabit is described as a company that develops machinery in the fields of manufacturing and logistics and offers special products such as grippers and smart conveyors based on electrically controlled adhesion technologies. Grabit's ...
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News briefs
Netrada Europe, a German company that has supplied e-commerce services...
Netrada Europe, a German company that has supplied e-commerce services to more than 80 brands, has filed for insolvency, apparently due to a cash squeeze caused by its rapid development. Sources indicate that it has the backing of the banks and that it plans to continue to operate normally, going ...
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News briefs
Cannondale has acquired a controlling interest in the Cannondale Pro...
Cannondale has acquired a controlling interest in the Cannondale Pro Team by taking a majority stake in Brixia Sports, which has owned the team since August 2012. The team was previous known as the Liquigas Pro Cycling Team, and Cannondale became its technical sponsor in 2007. It became the Liquigas-Cannondale ...
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News briefs
NPD Group is taking over the retail sales tracking and...
NPD Group is taking over the retail sales tracking and consumer research business of Leisure Trends, an American market research firm that has been providing statistical data in the sports, outdoor and recreation industries. The combined operation will be based in Boulder, Colorado, collecting information from over 26,000 stores in ...
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News briefs
Sports Marketing Surveys USA (SMS USA) has entered into a...
Sports Marketing Surveys USA (SMS USA) has entered into a partnership agreement with AA Data Company, the California-based provider of retail information to the surf and skateboard industry. AA Data has developed proprietary data collection and translation software systems to produce the ActionWatch market intelligence program. The two companies will ...
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News briefs
Golf Datatech, the Florida-based market research company, and Yano Research...
Golf Datatech, the Florida-based market research company, and Yano Research Institute of Japan have announced a strategic alliance aimed at aggregating consistent data on the golf industry worldwide. The alliance will release a “US/Japan Golf Market Report” in January 2014, which will compare the relative size and scope of the ...
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News briefs
Bauer Performance Sports has announced that Kohlberg & Co., the...
Bauer Performance Sports has announced that Kohlberg & Co., the company's largest shareholder, has agreed to hold a secondary offering of 3.2 million shares of Bauer stock at 12.15 Canadian dollars (€8.67m-$11.74m) each. In addition, a syndicate of the underwriters that has entered into an agreement with the Kohlberg funds, ...
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News briefs
Austro Holding, the majority shareholder of Deeluxe, has pulled out...
Austro Holding, the majority shareholder of Deeluxe, has pulled out of its investment in this brand of snowboard boots. The people now controlling Deeluxe Sportartikel Handels GmbH are Klaus Brandstätter, the chief executive of the company since its foundation in 2002, and Friedrich Obholzer, an Austrian investor and tax consultant. ...
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News briefs
A Swedish venture capital firm, Scope, has become the majority...
A Swedish venture capital firm, Scope, has become the majority owner of Klättermusen, a Swedish producer of outdoor clothing, investing 30 million Swedish kronor (€34.9m-$47.2m) into the company. Jonas Meerits, a former chief executive of J.Lindeberg and a co-investor in Scope, will be the new chairman of the board. Staffan Rönn, ...
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News briefs
Erhard Sport, which had filed for insolvency, has been taken...
Erhard Sport, which had filed for insolvency, has been taken over by a company in Frankfurt called Deutsche Mittlestandsholding (DMH). Clemens Weigand, a former country manager of Columbia Sportswear, continues to run Erhard with a reduced staff of 131 people, down from 173 before.
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News briefs
Invista is taking back a license that it had granted...
Invista is taking back a license that it had granted to Advansa for its polyester-based Coolmax and Thermolite brands of fibers, which covered Europe, Middle East and Africa (EMEA), allowing it to market these brands globally. In addition, Invista, which continues to own other brands such as Lycra and Cordura ...
