News briefs - Corporate and M&A – Page 131
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News briefs
Warrior Hockey, a unit of New Balance, has acquired Smith...
Warrior Hockey, a unit of New Balance, has acquired Smith Hockey Company of Brockport, New York, which specializes in protective equipment for goalies. Warrior is restructuring its global product development team into four strategic business units for goalie protective equipment, player protective equipment, helmets and sticks. The goalie protective SBU ...
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News briefs
Genesco has acquired H.S. Trask, an American brand of outdoor...
Genesco has acquired H.S. Trask, an American brand of outdoor and casual shoes that uses leather made from the skins of American bisons, elks and longhorns. Based in Montana, it has been for many years the property of a financially shaky U.S. company, Phoenix Footwear. Genesco, parent company of Journeys, ...
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News briefs
Hi-Tec inaugurated its new head office in Amsterdam with a...
Hi-Tec inaugurated its new head office in Amsterdam with a dazzling get-together on May 9. The event was attended by more than 400 guests from around the world, from Hi-Tec salespeople and distributors to personal friends of Frank van Wezel, the company's Dutch founder. He was surrounded by his entire ...
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News briefs
The Thule Group is buying Chariot Carriers, a Canadian company...
The Thule Group is buying Chariot Carriers, a Canadian company that designs and develops bicycle trailers and multifunctional child carriers, for an undisclosed price. The sellers are the brothers Dan and Chris Britton and Chariot's chief executive, Pierre Doyon. Thule Group will buy all of the assets of the company, ...
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News briefs
Invista has begun construction on a new Lycra fiber manufacturing...
Invista has begun construction on a new Lycra fiber manufacturing facility in Paulínia, in São Paulo State in Brazil. It is putting $100 million into the plant, which should open sometime late next year. Part of the investment will go toward new technologies, such as Xtra Life Lycra fiber, which ...
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News briefs
PPR Group has gone ahead formally with the launch of...
PPR Group has gone ahead formally with the launch of a cash tender offer for Volcom's shares, making it conditional on obtaining at least a majority of them on a fully diluted basis, as well as approval by antitrust authorities. The price of $24.50 per share is confirmed. The offer ...
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News briefs
Deckers Outdoor Corporation has signed an agreement to acquire Sanuk,...
Deckers Outdoor Corporation has signed an agreement to acquire Sanuk, an American brand of beach sandals and other lifestyle shoes whose sales are expected to double this year from $43 million in 2010, generating Ebitda of $15 million. Deckers will pay $120 million in cash, plus an earn-out provision of ...
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News briefs
Puma is buying its distributor and licensee in the Netherlands,...
Puma is buying its distributor and licensee in the Netherlands, Dobotex. It already owns a 50.1 percent stake in the Dutch company, and will buy the rest as of January 2012. The takeover is friendly and has the support of management at Dobotex. It also includes Dobologic, the logistics branch ...
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News briefs
Starting with the fall/winter 2011-12 season, Bleed Organic Clothing, the...
Starting with the fall/winter 2011-12 season, Bleed Organic Clothing, the German street and skate wear label, is pulling its production out of India. The specialty brand of sustainable apparel will relocate production to northern Portugal. With this move, Bleed says it wants to improve quality management, communication and the necessary ...
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News briefs
VF Corporation has broken ground on the new campus in...
VF Corporation has broken ground on the new campus in Alameda, California, that will house the new corporate headquarters of The North Face, JanSport and Lucy from the summer of 2012. Overlooking San Francisco Bay, the new facilities will make use of wind and solar power. They will feature external ...
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News briefs
BC Partners, a private equity group, is buying a 78.7...
BC Partners, a private equity group, is buying a 78.7 percent stake in Gruppo Coin SpA, the largest apparel retailer in Italy. That stake is worth €733 million, and it is reported that BC Partners will also make a play for the remaining shares as well. If so, the total ...
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News briefs
Wintersteiger has acquired a majority stake in BootDoc, an Austrian...
Wintersteiger has acquired a majority stake in BootDoc, an Austrian specialty brand of insoles, foam booties and compression socks. In its last fiscal year, BootDoc had sales of €1.7 million. While BootDoc will keep its own operations as far as research and development is concerned, the new majority owner will ...
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News briefs
JJB Sports' proposal to raise £65 million (€73.1m-$108.3m) was approved...
JJB Sports' proposal to raise £65 million (€73.1m-$108.3m) was approved at its general meeting this week. This means the company will place 162.5 million shares, using the proceeds to help go forward with its reorganization.
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News briefs
Aqua Lung International has acquired Gorski, a small company based...
Aqua Lung International has acquired Gorski, a small company based in Texas specializing in deep-water diving helmets. After its takeover last year of Whites, a Canadian firm that makes similarly sturdy wetsuits for special conditions, the move will help boost the military and professional segment of Aqua Lung, which has ...
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News briefs
India has been chosen by Vulcabras as the country where...
India has been chosen by Vulcabras as the country where it will make uppers for its athletic footwear. The Brazilian company has announced an agreement in principle to acquire a production unit for this purpose in Chennai that currently employs around 1,000 people. The plan is to invest $50 million ...
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News briefs
The new global headquarters for Speedo, in Nottingham, England, moved...
The new global headquarters for Speedo, in Nottingham, England, moved from another location in the city in November, recently had its official opening ceremony featuring a visit by Princess Anne. The new Speedo House is 35,000 square feet on three floors, and includes the company's offices, design studio, and Aqualab ...
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News briefs
La Sportiva has formally announced a strategic agreement with Fulgent...
La Sportiva has formally announced a strategic agreement with Fulgent Sun Group, which has been its Chinese footwear supplier for the past 13 years. The Italian company has invested in a joint venture with Fulgent, called Fujian La Sportiva Co. Ltd., that will promote and distribute all the products of ...
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News briefs
The management of JD Sports Fashion confirms the acquisition of...
The management of JD Sports Fashion confirms the acquisition of Fenchurch, a British brand of streetwear, and some related assets for £1 billion. The brand had an annual turnover of around £10 million (€11.3m-$16.2m) including the sales of its four stores, which have all been closed. JD will use some ...
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News briefs
The Chinese maker of sports apparel 361 Degrees plans to...
The Chinese maker of sports apparel 361 Degrees plans to open a research center for designing innovative sportswear in Beijing, with the support of the Beijing Institute of Clothing Technology. The company had an 18.1 percent increase in footwear sales to $186.5 million for the second half of 2010; apparel ...
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News briefs
Johan Eliasch, chairman and chief executive of Head, and his...
Johan Eliasch, chairman and chief executive of Head, and his family now own a larger share of Head NV through Head Sports Holdings following the exercise last March 29 of options granted under the May and September 2009 stock option plans. Amounting to a total of 12,847,179 options, they have ...
