News briefs - Corporate and M&A – Page 73
-
News briefs
X-Technology has announced a long-term partnership with Intersocks for the...
X-Technology has announced a long-term partnership with Intersocks for the production of its technical X-Socks line, effective with deliveries in January 2019, following the termination of its collaboration with Trerè Innovation for the production and sale of that line and the X-Bionic collection of sports garments. As reported in our ...
-
News briefs
Moody's has downgraded its rating of Boardriders' $450 million senior...
Moody's has downgraded its rating of Boardriders' $450 million senior secured term loan to a highly speculative level of B3. The loan will allow the parent company of Quiksilver to finance its acquisition of Billabong International and pay down debt. Moody's praised the terms of the deal but said it ...
-
News briefs
The proxy fight around Newell Brands is heating up, with...
The proxy fight around Newell Brands is heating up, with Starboard Value nominating two additional directors to a full slate that it is proposing for election at the company's annual meeting. The hedge fund's statement came after the company announced on Feb. 22 a “refreshment” of its board of directors, ...
-
News briefs
VF Corporation has decided to look for a new owner...
VF Corporation has decided to look for a new owner for Nautica, which was reclassified as a “discontinued operation” in its results for the fourth quarter of 2017, says Bloomberg. With its bright colors, big logos and oversized garments, the brand became popular in the 1990s, but it has since ...
-
News briefs
Chip Wilson, who founded Lululemon in 1998 sold shares in...
Chip Wilson, who founded Lululemon in 1998 sold shares in the company worth around $211 million between Feb. 12 and 14, according to Bloomberg, but has remained a significant shareholder. It was the first time that he did so since September 2014. Wilson, who resigned as chairman of Lululemon in ...
-
News briefs
Amer Sports has cancelled 2,000,000 treasury shares, keeping only 1,486,696...
Amer Sports has cancelled 2,000,000 treasury shares, keeping only 1,486,696 of them. The number of outstanding shares in the company has thus been reduced to 116,517,285.
-
News briefs
The board of directors of Rapala VMC has approved a...
The board of directors of Rapala VMC has approved a new performance share plan for about 40 key employees of the Finnish group. The potential rewards will be based on the company's sales, operating margin and average working capital ratio in 2020, plus its share price during 40 days in ...
-
News briefs
Zimtstern, the Swiss marketer of sports apparel, aims to terminate...
Zimtstern, the Swiss marketer of sports apparel, aims to terminate all its business activities in the course of this year. According to Zimtstern, a profitable business operation is no longer possible due to a difficult market situation. The company is currently checking whether it will continue with its bike apparel segment. ...
-
News briefs
Vibram has announced the opening of a new office in...
Vibram has announced the opening of a new office in Portland, Oregon, to support its clients in this important area of the U.S. for the outdoor industry. It will be run by Joel Enderle, who joins the Italian sole manufacturer after spending more than three decades in product development and ...
-
News briefs
W.L. Gore & Associates has opened an 11,000-square-foot R&D center...
W.L. Gore & Associates has opened an 11,000-square-foot R&D center in California's Silicon Valley that will connect it with companies in the aerospace, automotive, digital health, consumer electronics, fabrics, industrial and medical fields. A first project underway consists of funding a local startup, Krenzen, for the development of a digital ...
-
News briefs
Puma has announced plans to distribute a one-off dividend of...
Puma has announced plans to distribute a one-off dividend of €12.50 per share for the financial year 2017. The group's administrative board and its managing directors intend to propose the dividend to Puma's annual general meeting on April 12. The group's chief executive, Björn Gulden, said it was fair to ...
-
News briefs
Asics Ventures Corporation, an investment subsidiary for Asics, has acquired...
Asics Ventures Corporation, an investment subsidiary for Asics, has acquired an unspecified stake in AI Silk Corporation, a Japanese start-up that develops conductive textiles, to make more comfortable wearable technology. Asics says that many devices gathering the body's data from the skin tend to irritate the wearer over time, but ...
-
News briefs
Felix Neureuther, a professional skier, has plans for when his...
Felix Neureuther, a professional skier, has plans for when his sports career is over. He has reportedly joined ABS Protection as a shareholder. Neureuther will not only be a testimonial for the brand but he will also work on a strategic basis with Stefan Mohr, chief executive of ABS Protection. ...
-
News briefs
Consilium, an Italian private equity firm, has acquired a majority...
Consilium, an Italian private equity firm, has acquired a majority stake in the River Group through its Consilium Private Equity Fund III fund. The financial terms of the transaction have not been disclosed. Founded in 2000 in Fucecchio, near Florence, River Group is a designer and producer of sneakers for ...
-
News briefs
Xendera has announced a capital increase of €1.2 million from...
Xendera has announced a capital increase of €1.2 million from professional investors including Pyrénées Gascogne Développement, Herrikoa, Financière Royer and Toki Eder Conseil. This new round follows an initial fundraising of €435,000 from private investors in June 2016. The company intends to use the new funds to strengthen its market ...
-
News briefs
In a new restructuring move, Newell Brands is exploring strategic...
In a new restructuring move, Newell Brands is exploring strategic options for Rawlings, the American team sports brand inherited from Jarden Corp. in 2016, while merging the European operations of Coleman and Marmot Mountain. The latter move is adding fuel to a rumor that the two outdoor brands will somehow ...
-
News briefs
In another attempt to boost its women's business, Foot Locker...
In another attempt to boost its women's business, Foot Locker has announced a strategic investment in a Los Angeles-based women's luxury activewear brand, Carbon38, pumping $15 million in Series A funding for a minority stake in the brand. This strategic investment brings the total funding raised by Carbon38 since 2013 ...
-
News briefs
Pentland Brands is hiring up to 100 new recruits for...
Pentland Brands is hiring up to 100 new recruits for its offices in Nottingham. The new jobs will cover a diverse range of roles, from marketing and sales to finance and product innovation. As previously reported (SGI Europe – Vol. 28 n° 34,35 of Nov. 15, 2017), Pentland Brands is rationalizing the management of ...
-
News briefs
Adidas is joining many other investors in a new $200...
Adidas is joining many other investors in a new $200 million round of financing for Carbon that placed a $1.7 billion valuation on the company, higher than the $1.1 billion valuation of two other public supplier of 3D equipment and software, 3D Systems and Stratasys. Carbon's Digital Light Synthesis technology, ...
-
News briefs
While benefiting from the recently announced reduction in the U.S....
While benefiting from the recently announced reduction in the U.S. federal corporate tax from 35 percent to 21 percent from now on, Amer Sports will have to take a $13 million charge in 2017 to write down $40 million in deferred tax assets in the U.S. as part of the ...
