News briefs - Corporate and M&A – Page 130
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News briefs
Bernard Mariette, president and chief executive of Coalision, the Canadian...
Bernard Mariette, president and chief executive of Coalision, the Canadian owner of the Orage, Lolë and Paradox brands, has acquired a stake of 21 percent in the company through Pélican, an investment fund that he heads himself. Mariette said that the investment reflected his enthusiasm for the company and its ...
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PPR, the French luxury and sports lifestyle company, has obtained...
PPR, the French luxury and sports lifestyle company, has obtained 87.4 percent of Volcom's issued and outstanding shares at a price of $24.50 per share in cash, after the extension of its offering period until June 22. PPR intends to exercise the top-up option to purchase more shares directly from ...
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News briefs
As part of its efforts to diversify its sourcing capacity...
As part of its efforts to diversify its sourcing capacity in South East Asia, Quiksilver has opened a new office in Jakarta. The company said that the facility would enable it to better support and expand its retail operations in the region. It should host Quiksilver design, sales, marketing and ...
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News briefs
At Intersport Sverige's annual general meeting last month, the retail...
At Intersport Sverige's annual general meeting last month, the retail members of the 50-year-old voluntary group decided to give it a more capitalistic structure – somewhat like the one adopted in France or the one that was recently decided for adoption in Spain. At the end of this year, the ...
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News briefs
Intersport Danmark stands to lose around 20 percent of its...
Intersport Danmark stands to lose around 20 percent of its turnover due to the expected pull-out at the end of this year of Sport 2010, a big chain of 14 stores that resulted from the recent merger of three retail members last year. It is leaving the voluntary group because ...
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Canadian Tire is stretching the deadline for responses to its...
Canadian Tire is stretching the deadline for responses to its bid for Forzani Group's shares after being informed by the Canadian Competition Bureau that it would need more information to review the proposed transaction. Forzani's shareholders will have 30 days to tender their shares after the supply of the additional ...
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News briefs
Jack Wolfskin may be sold after all. According to Reuters,...
Jack Wolfskin may be sold after all. According to Reuters, the Blackstone equity fund has started exclusive negotiations over the possible acquisition of the German outdoor apparel and equipment company, which may be concluded by the third quarter of this year. Reuters mentions a potential valuation of €700 million for ...
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News briefs
About 72.3 percent of Volcom's shares were tendered to PPR,...
About 72.3 percent of Volcom's shares were tendered to PPR, the French luxury and sports lifestyle company, as its extended offer to take over the American skating brand at a price of $24.50 per share in cash expired last Thursday night. Adding other shares tendered pursuant to guaranteed delivery procedures, ...
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News briefs
Shortly after its decision to invest in a factory in...
Shortly after its decision to invest in a factory in India, Vulcabras is announcing the shutdown of the factory set up at Parobé, in the Brazilian state of Rio Grande do Sul, in 1958 by Azaleia, the big shoe company that it acquired a few years ago. The factory employs ...
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Newton Running, an American brand of “natural running” shoes, has...
Newton Running, an American brand of “natural running” shoes, has drawn an investment of between $10 million and $20 million from Fireman Capital Partners, the private equity firm of Paul Fireman, who built up the Reebok brand and sold it to Adidas five years ago for $3.8 billion. Dan Fireman, ...
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Jan Cameron, the founder of Kathmandu, an outdoor company from...
Jan Cameron, the founder of Kathmandu, an outdoor company from New Zealand, has reportedly bought a stake worth 20 million Australian dollars (€14.9m-$21.1m) in Macpac Outdoors, a rival from the same country. Cameron sold Kathmandu for about A$275 million (€204.9m-$289.9m) in 2006 to a group of private equity firms that ...
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News briefs
Groupe Lafuma decided last May 25 to issue shares worth...
Groupe Lafuma decided last May 25 to issue shares worth 2.03 percent of its capital, reserved for all of its employees, at a price of €19.11, which was below the current price. The share price of Lafuma has shot up in the last weeks and nearly doubled in the last ...
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News briefs
Deckers Corp. has decided to cease distribution of Simple shoes...
Deckers Corp. has decided to cease distribution of Simple shoes after Dec. 31, following its recently announced acquisition of Sanuk, as the two brands may cannibalize each other. While Sanuk is experiencing a solid momentum, Simple and two other recently acquired brands, Ahnu and Tsubo, recorded a 28 percent sales ...
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News briefs
Cybex International has been granted an extension until Oct. 3...
Cybex International has been granted an extension until Oct. 3 to regain compliance with minimum requirements to continue to be listed on the Nasdaq stock exchange. The American fitness equipment company fell below the net equity threshold of $10 million a few days ago as its shares traded below $1.00 ...
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News briefs
The financial position of Sport Finance is being strengthened by...
The financial position of Sport Finance is being strengthened by a subscription of stock warrants and convertible bonds carried out by an investment fund, Avenir Entreprises, that belongs to CDC Entreprises and Oseo. The conditions of the refinancing package have not been disclosed. Sport Finance is the successful licensee of ...
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Spanish investors have injected a total of €930,000 into LN+Iberoamérica,...
Spanish investors have injected a total of €930,000 into LN+Iberoamérica, the Spanish company that markets Li Ning in Spain. They have done this through three separate capital increases in the last few months, raising its equity to €1.67 million. The Chinese brand has an option on the company's shares. Run ...
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News briefs
JD Sports continues to acquire British fashion brands in financial...
JD Sports continues to acquire British fashion brands in financial trouble. After the recent takeover of Fenchurch and Duffer of St. George, the British sports and fashion retailer controlled by Pentland Group has agreed to acquire the bankrupt Brand Acquisitions and its two brands, Peter Werth for menswear and Pink ...
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News briefs
Deichmann is reported to be in negotiations to take over...
Deichmann is reported to be in negotiations to take over Snipes, a leading retailer of sneakers and fashion sport shoes with a web store, 37 shops in Germany and four in Austria. The takeover would be handled through the Swiss subsidiary of Deichmann, Dosenbach-Ochsner.
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News briefs
PPR has announced an extension of its tender offer to...
PPR has announced an extension of its tender offer to acquire Volcom until June 16, in order to allow more time to obtain the necessary foreign anti-trust approvals. The French company said that it had already received commitments for 8,868,132 Volcom shares as of June 7 at 4 PM New ...
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News briefs
Mammut Sports Group is investing some €22.5 million in building...
Mammut Sports Group is investing some €22.5 million in building a new warehouse in a small town, Wolfertschwenden, close to its current German office in Memmingen, Bavaria, which has become too small. The new logistics center, to be opened by the end of 2012, will have a gross surface of ...
