News briefs - Corporate and M&A – Page 76
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News briefs
Artemis, the Pinault family's holding company that controls Kering, launched...
Artemis, the Pinault family's holding company that controls Kering, launched a convertible bond offer for €375 million on Sept. 22. Priced at a 35 percent premium over Kering's reference share price, the bonds will bear no interest. They will be redeemed for cash on March 31, 2023, giving the bondholders ...
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News briefs
Rens van de Schoor, a Dutch entrepreneur who previously re-started...
Rens van de Schoor, a Dutch entrepreneur who previously re-started the Miss Etam and Promiss retail concepts, has established an investment vehicle to take over assets of the Doniger Fashion Group. They include Gaastra, the Dutch nautical brand, along with two fashion brands, McGregor and Adam, which had to be ...
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News briefs
Reuters reports that a bank meeting was held at the...
Reuters reports that a bank meeting was held at the head office of Sports Direct International (SDI) earlier this month for lenders, to launch syndication for a loan worth more than £700 million (€796m-$945m). The revolving credit facility will replace an unsecured revolving working capital capacity due to mature in ...
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News briefs
Sky News reports that Endura, a leading British cycling apparel...
Sky News reports that Endura, a leading British cycling apparel supplier, is studying a potential sale after it was approached by several parties that previously attempted to take over the Rapha brand. Rapha was sold last month in a deal that valued the brand at an estimated £200 million (€227m-$269m), ...
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News briefs
Lenzing has opened a new fabric and fiber testing center...
Lenzing has opened a new fabric and fiber testing center in Hong Kong. The Austrian cellulosic fiber producer said the Application Innovation Center is intended to bring it closer to its partners along the value chain in Asia, and to bring more quickly its innovations to its customers. The facility ...
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News briefs
Marcato Capital Management, the activist investor that has been criticizing...
Marcato Capital Management, the activist investor that has been criticizing the management of Deckers Brands and wants it to sell its assets, has come up with a list of ten new executives that it has nominated for seats on the company's board of directors. The board is up for renewal ...
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News briefs
Archroma, a global company specializing in color and specialty chemicals,...
Archroma, a global company specializing in color and specialty chemicals, has announced the acquisition of an additional 26 percent stake in M. Dohmen, an international group specializing in the production of textile dyes and chemicals. The two companies will now operate as partners in serving the textile market, making the ...
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News briefs
After focusing on the tennis-inspired lifestyle apparel market, Lacoste has...
After focusing on the tennis-inspired lifestyle apparel market, Lacoste has invested in tennis hardware by acquiring an 80 percent stake in Major Sports, the parent company of Tecnifibre, which is a big player in the global market for tennis strings. It also sells tennis racquets and balls, the latter through ...
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News briefs
Amer Sports has revised its growth target through 2020, prioritizing...
Amer Sports has revised its growth target through 2020, prioritizing sustainable profitable growth. Instead of a minimum mid-single-digit growth rate on an organic and currency-neutral basis, which would have taken its turnover up to €3.5 billion by 2020, it is now simply aiming for mid-single-digit growth. The group said the ...
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News briefs
Standard Life Aberdeen of Edinburgh and other major independent shareholders...
Standard Life Aberdeen of Edinburgh and other major independent shareholders in Sports Direct International said on Friday that they will vote against the re-election of Keith Hellawell, chairman of the company, and Simon Bentley, one of its directors, at the company's annual meeting scheduled for next Wednesday. They are also ...
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News briefs
Mike Ashley has made a nice capital gain from his...
Mike Ashley has made a nice capital gain from his recent investment in Game Digital as the value of the British video game company's shares rose by more than 50 percent to 37 pence following better-than-expected results and a statement by the management that it will invest in the growing ...
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News briefs
Clarus, the holding company previously registered as Black Diamond, has...
Clarus, the holding company previously registered as Black Diamond, has finally made an acquisition, paying $79 million for a highly profitable U.S. firm, Sierra Bullets, whose proprietary manufacturing process is said to give it the tightest tolerances in the ammunition market. The purchase price is equal to 6.3 times the ...
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News briefs
A.S. Adventure, the big European outdoor retailer based in Belgium...
A.S. Adventure, the big European outdoor retailer based in Belgium that already owns several other chains including Bever in the Netherlands and Cotswold Outdoor and Snow + Rock in the U.K., has signed a deal for the takeover of McTrek Outdoor Sports, a proftable German chain of 39 outdoor shops, ...
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News briefs
Sixtus Werke Schliersee is now fully owned by Philipp Lahm,...
Sixtus Werke Schliersee is now fully owned by Philipp Lahm, the former captain of FC Bayern München. Lahm previously had a 50 percent share of the sports care, balm and hygiene product manufacturer, which is based in Hausham, in Germany's Upper Bavaria. Lahm was also already a brand ambassador for ...
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News briefs
On Aug. 14, Black Diamond Inc., the parent company of...
On Aug. 14, Black Diamond Inc., the parent company of Black Diamond Equipment and Pieps, is changing its corporate name back to Clarus Corporation, which it had until 2010. The change is meant to reflect a desire to enlarge again the scope of the holding company through new acquisitions. BD ...
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News briefs
Aquafil is to merge with Space3, an asset management firm,...
Aquafil is to merge with Space3, an asset management firm, and plans to list on the Italian stock exchange this autumn. Aquafil specializes in the production of synthetic fibers used in the textile, flooring, and clothing industries. The company is also known for its Econyl Regeneration System, an industrial system ...
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News briefs
Cipio Partners, one of the institutional shareholders of 21sportsgroup, and...
Cipio Partners, one of the institutional shareholders of 21sportsgroup, and other existing and new investors have participated in a new round of financing for the German multi-channel retailer. After a €15 million injection made last October, the new round has reportedly involved new equity worth about €13 million. The proceeds ...
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News briefs
Nike's expansion of its already massive corporate headquarters in Beaverton,...
Nike's expansion of its already massive corporate headquarters in Beaverton, Oregon, which would involve the addition of 3.2 million square feet of space, will cost more than $1 billion, according to The Oregonian. The daily's estimate is based on a comparison with real estate and similar construction costs in the ...
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News briefs
TomTom has written down the entire goodwill of €169 million...
TomTom has written down the entire goodwill of €169 million of its Consumer segment as it reviews strategic options for its sports business, including its possible disposal. The segment's turnover fell by 20 percent to €126.3 million in the second quarter of this year.
