News briefs - Corporate and M&A – Page 111
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News briefs
Lululemon Athletica, the fast-growing Canadian company specializing in yoga and...
Lululemon Athletica, the fast-growing Canadian company specializing in yoga and women's activewear, has served notice that it will delist from the Toronto Stock Exchange, but it will continue to be listed on Nasdaq in the U.S. The announcement coincided with the news that the company's chief executive, Christine Day, will ...
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News briefs
Eilers Sport, which is described by Sport Partner as the...
Eilers Sport, which is described by Sport Partner as the oldest sports distribution company in the Netherlands, is to be taken over by French partners. Eilers is a wholesaler selling specialist team sports and other products to retailers, from brands like Mikasa, Easton, Toalson, Porter, Ihsan and Trial, among others. ...
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News briefs
Skullcandy is closing its office in San Clemente, California, and...
Skullcandy is closing its office in San Clemente, California, and offering positions to most of its staff of 30 people at its headquarters in Park City, Utah. The closure has led to the resignation of the company's chief financial officer, Kyle Westcoat. Separately, Sam Paschel, former executive vice president of ...
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Jarden Corporation has placed $250 million worth of convertible notes,...
Jarden Corporation has placed $250 million worth of convertible notes, carrying interest of 1.5 percent a year and due in 2019, with a syndicate of investors headed by Barclays Capital and J.P Morgan. The investors have also exercised an option to purchase an additional $15.2 million at the same conditions. ...
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Onex Corp. has completed the acquisition of Nielsen Expositions from...
Onex Corp. has completed the acquisition of Nielsen Expositions from Nielsen Holdings for $950 million cash.
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The business has been renamed Emerald Expositions. It will continue...
The business has been renamed Emerald Expositions. It will continue to organize the Outdoor Retail and Interbike
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shows in the U.S., among others. will continue to be...
shows in the U.S., among others. will continue to be headquartered in San Juan Capistrano, California.
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News briefs
According to The Australian Review, Billabong is considering the sale...
According to The Australian Review, Billabong is considering the sale of West 49, the Canadian-based action sports retail chain it acquired in mid-2010 for about $93 million, to help refinance itself. Since the takeover, West 49 has been downsized from 138 mall stores to 70, not including six locations operating ...
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News briefs
Christian Tourres, member of Adidas Group's supervisory board and former...
Christian Tourres, member of Adidas Group's supervisory board and former partner of the late Robert Louis-Dreyfus at the top of its executive board, cashed in €2.85 million a few days ago by selling 32,710 shares at a price of €87.00 each. He was taking advantage of record high values for ...
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News briefs
Waitt Co., a Omaha-based investment company, owner of a number...
Waitt Co., a Omaha-based investment company, owner of a number of sports brands, has announced the acquisition of the Bobby Jones golf brand from W-Diamond Group. The agreement gives Waitt a long-term license for the exclusive use of the brand globally for apparel, golf equipment and related products. The terms ...
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News briefs
Erima has established a new subsidiary for the Danish market,...
Erima has established a new subsidiary for the Danish market, targeting an annual turnover of €2 million within the next five years. It will be directly steered by the controlling shareholder of the German team sports apparel company, Wolfram Mannherz. He will work with Thomas Liebsch, responsible for sales and ...
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News briefs
IC Companys, the Danish-based parent company of Peak Performance, is...
IC Companys, the Danish-based parent company of Peak Performance, is to sell its Jackpot and Cottonfield brands to the Danish Coop, one of country's leading consumer goods retailers. The move is part of a process of simplifying its business model, in line with the corporate strategy it had previously announced. ...
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News briefs
El Corte Inglés, which is the largest department store group...
El Corte Inglés, which is the largest department store group in Europe and one of the largest retailers of sports products in Spain, has announced plans to restructure debts of about €5 billion with banks and various other financial institutions in Spain and abroad, taking advantage of the current low ...
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News briefs
PPR, the French-based parent company of Puma and Volcom, is...
PPR, the French-based parent company of Puma and Volcom, is now listed on the Euronext stock exchange as KER. The company's annual shareholders meeting on June 18 is set to change the company's name to Kering.
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News briefs
Billabong International again halted trading in its shares on the...
Billabong International again halted trading in its shares on the Australian Securities Exchange last May 7, pending a new announcement regarding the sale of the company, but none has been made to this date. The Australian Financial Review said that the struggling surfwear company may be exploring a new refinancing ...
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News briefs
Three banks have been reported, in the last few days,...
Three banks have been reported, in the last few days, as shareholders with more than 5 percent of the Adidas Group, a threshold that requires publication under German stock market rules. Two of the holdings were reported by the company as having risen above 5 percent on Monday: Commerzbank increased ...
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News briefs
SmartGuy, a 13-year-old Danish company that sells fashion and sports...
SmartGuy, a 13-year-old Danish company that sells fashion and sports clothing over the internet through the website SmartSport.dk, has reportedly purchased a German online sporting goods retailer, Sportprofi.de. The deal cost SmartGuy 8 million Danish kroner (€1.1m-$1.4m) for the German operation, which is expected to generate annual sales of between ...
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News briefs
Brunswick Corp., parent company of Life Fitness, plans to sell...
Brunswick Corp., parent company of Life Fitness, plans to sell $150 million worth of senior notes, due in 2021, in a private placement with qualified institutional buyers. The net proceeds of the offering and cash on hand would be used to finance the redemption of all of the company's senior ...
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News briefs
Li & Fung is contemplating the acquisition of Marina Yachting,...
Li & Fung is contemplating the acquisition of Marina Yachting, Henry Cotton's and other secondary brands of the Moncler group in association with the Argos Sotidic fund, according to Il Mondo. The Italian weekly magazine says that Moncler would then go public at the end of this year, with the ...
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News briefs
Orvis has announced that it will acquire the Scientific Anglers...
Orvis has announced that it will acquire the Scientific Anglers and Ross Reels businesses from 3M. Upon completion of the transaction, the terms of which were not disclosed, Orvis plans to continue to operate these businesses independently. Orvis will not carry Scientific Anglers-branded fly lines in its catalog, stores or ...
