News briefs - Corporate and M&A – Page 91
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News briefs
Callaway Golf is offering to redeem the balance of its...
Callaway Golf is offering to redeem the balance of its outstanding 3.75 percent convertible senior notes due in 2019, plus accrued interest, leaving the company without any long-term debt. The principal on the notes carries a total value of $27,517,000, plus interest. Until Nov. 16, the note holders will be ...
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News briefs
Lars Svendsen has sold Svendsen Sport and D.A.M. Tackle to...
Lars Svendsen has sold Svendsen Sport and D.A.M. Tackle to Maj Invest, a Danish private equity and asset management group, for 500 million Danish kroner (€66.9m-$76.0m). Svendsen has invested 40 million kroner (€5.4m-$6.1m) to secure a 15 percent stake in the company and will remain as managing director of Svendsen ...
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News briefs
Vaude is opening an entirely renovated headquarters in Tettnang, near...
Vaude is opening an entirely renovated headquarters in Tettnang, near Lake Constance, to accommodate 500 people, following a large expansion of its staff over the recent years. The German company spent about €7 million on the project, including the addition of 3,000 square meters of office space. It is an ...
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News briefs
About 350 of the 550 workers at Mifa Bike, the...
About 350 of the 550 workers at Mifa Bike, the German bicycle manufacturer, were requested to switch to a shorter working week for three months from the start of October to support the company's turnaround. Mifa filed for insolvency in September last year, after the failure of takeover discussions with ...
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News briefs
Bauer Hockey has opened an Innovation Center in Blainville, Quebec....
Bauer Hockey has opened an Innovation Center in Blainville, Quebec. The facility, which has a surface of more than 9,200 square meters, recently hosted the annual BauerWorld event, which welcomed around 350 of the company's top global retail partners. The new site features more than 150 testing and R&D machines, ...
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News briefs
Adidas is expected to put an end to its involvement...
Adidas is expected to put an end to its involvement in table-tennis equipment by the end of this year. Greenmaster, which has been its licensee for this product category, has reportedly agreed to stop it by then. Frank Koch, the former executive of Kettler who started the project at Greenmaster, ...
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News briefs
Lotto Sport Italia and Stonefly, which share some common ownership,...
Lotto Sport Italia and Stonefly, which share some common ownership, have been studying a possible integration of some of their operations, ranging from the supply chain to the retail network. It seems that the plan could come to fruition in terms of back-office operations during the first half of 2016. ...
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News briefs
Julbo has become the only sports brand in Europe with...
Julbo has become the only sports brand in Europe with an in-house laboratory to make corrective lenses for its sports glasses. Like other brands of sports eyewear, it was previously outsourcing the process to an outside laboratory. Following an investment completed in April, Julbo's lab has a capacity to make ...
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News briefs
Facing sluggish sales in some of its largest markets and...
Facing sluggish sales in some of its largest markets and tough pressure on margins due to adverse exchange rate changes, Mammut Sports Group has decided to close the rope production unit at its head office in Seon, Switzerland. It will be transferred from the start of September 2016 to an ...
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News briefs
Adidas France is to transfer its French head office to...
Adidas France is to transfer its French head office to Strasbourg toward the end of 2017, in the new business area of Wacken. It will thus leave the village of Landersheim near Saverne, where it was established in 1973. Despite repeated renovations, the office complex was apparently no longer suitable. ...
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News briefs
Johnson Health Tech (JHT), the Taiwanese fitness equipment maker that...
Johnson Health Tech (JHT), the Taiwanese fitness equipment maker that owns the Matrix, Vision and Horizon brands, has acquired Stak Fitness, a leading distributor of fitness gear in Canada. It will operate as a separate subsidiary for JHT, with current management and staff. Established in 2004 by Karim Toupin-Chaieb, Stak ...
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News briefs
Seth Wescott, a 39-year-old American pro snowboard rider who has...
Seth Wescott, a 39-year-old American pro snowboard rider who has collected many medals, has made an unspecified investment in Winterstick Snowboards as the American company plans to set up its first workshop to make customized snowboards. The company will transform an old barn on the western side of Sugarloaf Mountain, ...
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News briefs
Harbinger, a U.S. supplier of performance strength and fitness accessories,...
Harbinger, a U.S. supplier of performance strength and fitness accessories, has been acquired by Implus, a multi-brand company specializing in athletic, fitness and outdoor products. Established in 1988, Harbinger supplies a wide range of products such as gloves, belts, straps, strength training aids and functional fitness items. Implus, which has ...
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News briefs
Infront Sports & Media, the Swiss-based sports marketing company, has...
Infront Sports & Media, the Swiss-based sports marketing company, has sealed an agreement to buy and integrate Gsport and Sport09 into Infront Italy. Gsport is one of Italy's leading companies for marketing rights management in national club football, while Sport09 is one of the country's major media agencies for sport. ...
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News briefs
Life Fitness, a division of Brunswick Corp., has announced a...
Life Fitness, a division of Brunswick Corp., has announced a 50,000-square-foot expansion for its factory in Ramsey, Minnesota, which will bring the surface of the facility to more than 330,000 square feet. The expansion was decided after production at the factory nearly doubled over the last six years. The addition ...
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News briefs
Goldwin has agreed to buy a 12 percent stake in...
Goldwin has agreed to buy a 12 percent stake in Spiber worth ¥3 billion (€22.2m-$25.0m) to commercialize its synthetic spider-web-like material, which derives from biomass and is therefore eco-friendly. The value of the company is nearly ¥25 billion (€185.4m-$208.7m). Qmonos, the name of the synthetic spider-web-like fiber, derives from the ...
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News briefs
Signa Holding, the Austrian-base real estate company that controls Karstadt...
Signa Holding, the Austrian-base real estate company that controls Karstadt and Karstadt Sports, has some new shareholders. Textilwirtschaft mentions the Falcon Private Bank of Abu Dhabi with a stake of 24.9 percent and Ernst Tanner, chief executive of Lindt & Sprüngli, with 10 percent of the shares. They take the ...
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News briefs
Lost International, the American brand of surfboards, skateboards and related...
Lost International, the American brand of surfboards, skateboards and related apparel and accessories launched in 1985, is switching to a licensing model for its sales in the U.S., Europe and many other territories. An investment group based in Chino, California and led by Nick Agakanian will reportedly take care of ...
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News briefs
Sports Direct International has bought a stake of 18.9 percent...
Sports Direct International has bought a stake of 18.9 percent in Findel, a British multi-channel retailer that owns an online sports retailer, Kitbag, specializing in the sale of replica kits for major football teams. Reportedly, Findel previously refused an offer by Mike Ashley to buy Kitbag alone. It turns out ...
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News briefs
The Mammut Sports Group has decided to outsource the labor-intensive...
The Mammut Sports Group has decided to outsource the labor-intensive manufacture of its ropes at its facility in Seon by Sept. 1, 2016, but the Swiss company will continue to use the site to design, develop, test and market its ropes. The new contractor is an Austrian family-owned company, Teufelberger. ...
