News briefs - Corporate and M&A – Page 126
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News briefs
Reportedly, Metro plans to make a statement next Friday on...
Reportedly, Metro plans to make a statement next Friday on the possible divestiture of the Kaufhof chain of department stores, including its Kaufhof Sportarenas. According to the German daily newspaper Handelsblatt, Signa, the Greek-owned investment company based in Austria, is offering to pay only €2.05 billion for the assets, less ...
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News briefs
Accell Group, the Dutch company with a smattering of bicycle...
Accell Group, the Dutch company with a smattering of bicycle and fitness equipment brands, said it had reached a deal to take over all shares of Van Nicholas, a specialist Dutch supplier of titanium bicycles and frames. Based in Numansdorp, the Netherlands, the company will be integrated into Koga, the ...
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News briefs
Regatta, along with its affiliated brands – Dare2b, Craghoppers, Regatta...
Regatta, along with its affiliated brands – Dare2b, Craghoppers, Regatta Professional and Hawkshead – is about to open its new international distribution center at Ellesmere Port, near Manchester, in time for deliveries of the spring/summer 2012 collections. Its surface of 400,000 square feet is designed to cope with the Regatta ...
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News briefs
Collective Brands, parent company of Airwalk, Saucony and many other...
Collective Brands, parent company of Airwalk, Saucony and many other shoe brands, has reportedly hired an investment bank, Perella Weinberg, to look for potential buyers for its whole business, which includes the loss-making Payless ShoeSource chain of shoe shops, or parts of it. The company indicated last August, after the ...
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News briefs
Adidas has hailed the end of the NBA's lockout, which...
Adidas has hailed the end of the NBA's lockout, which should help it and other companies, including Nike and Under Armour, to boost sales of their new basketball products. The NBA will resume its play on Christmas Day, kicking off an abbreviated 66-game season that will not include a previously ...
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News briefs
Known for its advanced logistic solutions in the sporting goods...
Known for its advanced logistic solutions in the sporting goods sector and other areas, El Corte Inglés has installed a radio frequency identification (RFID) system at its main distribution center at Valdemoro, near Madrid. The system is expected to reduce the number of human errors and to speed up the ...
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News briefs
Metro has confirmed that it has received offers for its...
Metro has confirmed that it has received offers for its Kaufhof and Inno department stores from Signa Holding, the Austrian investment vehicle of the Greek shipping magnate George Economou, as well as from Nicolas Berggruen, who bought the Karstadt chain last year, and a consortium led by Wolfgang Urban, a ...
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News briefs
Trilantic Capital Partners, a U.S. private equity fund, has acquired...
Trilantic Capital Partners, a U.S. private equity fund, has acquired a substantial stake in Implus Corporation from another fund, AEA Investors, in cooperation with the company's chief executive, Seth Richards, and its president, Todd Vore. The U.S. company markets insoles, shoe care products and other items under numerous brands including ...
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News briefs
SRAM has postponed its initial public offering until next summer,...
SRAM has postponed its initial public offering until next summer, according to Bicycle Retailer and Industry News. The supplier of bike components was planning to raise money to buy out the stake purchased in the company by Trilantic Capital Partners in 2009. At the Taichung Bike Week, SRAM presented an ...
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News briefs
Amer Sports reports that Varma Mutual Pension Insurance Company has...
Amer Sports reports that Varma Mutual Pension Insurance Company has raised its stake in the company from 4.78 to 5.19 percent. Meanwhile, Amer says it has completed a share buyback program announced last Aug. 15, involving a total of 3 million shares purchased at an average price of €9.18. As ...
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News briefs
Predicting that the Chinese sporting goods market will remain challenging...
Predicting that the Chinese sporting goods market will remain challenging next year, Li Ning says it plans to place more emphasis on footwear in repositioning its product range. After collecting orders for the second quarter of 2012 at its own trade fair, the company reported mid-single-digit increases in prices and ...
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News briefs
Nike is moving its Madrid headquarters from a town to...
Nike is moving its Madrid headquarters from a town to the north of Madrid into a landmark building in the heart of the city. The new office will be in the Palacio del Marqués de Miraflores near the Prado Museum. The Iberian office remains in the region of Barcelona. The ...
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News briefs
Asics Europe has moved its head office to Beukenhorst-Zuid, an...
Asics Europe has moved its head office to Beukenhorst-Zuid, an ecologically sustainable business park in Hoofddorp, Netherlands. The 5,000-square-meter office, which opened for business on Nov. 23, accommodates the 220 employees of Asics Europe and Asics Benelux, as well as the northern European sales off with showrooms, and has room ...
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News briefs
Arc'teryx has opened its first European showroom in Annecy, France....
Arc'teryx has opened its first European showroom in Annecy, France. On 125 square meters, the European sales team will present there not only the collections, but also the brand's solutions for in-store building. It will also host European and regional sales meetings. Company officials say that Annecy was picked not ...
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News briefs
Innovex Golf reached a deal to buy Rife Putters earlier...
Innovex Golf reached a deal to buy Rife Putters earlier this month for an undisclosed amount. Rife has been looking for funding to help it expand in the last year or so, so the acquisition could give it a new start. It used to be the No. 1 putter on ...
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News briefs
It looks like Mustad, the Norwegian hook manufacturer, might be...
It looks like Mustad, the Norwegian hook manufacturer, might be out of limbo. Over the last several months, various companies have been cited as wanting to buy the troubled company, including Rapala and Pure Fishing. However, the owner of NLI Utvikling, a Norwegian industrial and investment company, has informed the ...
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News briefs
Yue Yuen Industrial has halted production at its large facility...
Yue Yuen Industrial has halted production at its large facility in Guandong Province because of a strike by its workers. It is not sure whether production has resumed already, although industry sources indicate that the management reached a settlement with the strikers, promising improved conditions with regard to overtime pay ...
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News briefs
Hardy & Greys is dismissing about 27 employees, making up...
Hardy & Greys is dismissing about 27 employees, making up one-quarter of its personnel in the U.K., according to Angling International. The move was apparently prompted by a big drop in the U.K. fishing tackle market that is leading the company to reallocate resources to the German and U.S. markets. ...
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News briefs
Reebok is shifting its project to sell very low-priced shoes...
Reebok is shifting its project to sell very low-priced shoes from Bangladesh to India. A test for the social project was launched last year, after the Adidas Group's chief executive, Herbert Hainer, held talks in 2008 with Muhammad Yunus, the Bangladeshi economist who received the Nobel Peace Prize with the ...
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News briefs
Erhard Sport, the German supplier of sports products and sports...
Erhard Sport, the German supplier of sports products and sports facilities discussed in our Oct. 26 issue, has taken another important step in its development by taking over the management of www.dtb-shop.de, the web store of DTB, the German Gymnastics Federation. Its online shop will offer more and more Erhard ...
