News briefs - Corporate and M&A – Page 103
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News briefs
The board of Exceed, the Chinese sporting goods company, has...
The board of Exceed, the Chinese sporting goods company, has decided to delay once again a merger deal initially proposed last Dec. 2 to allow its chairman, Shuipan Lin, to complete the financing of the transaction. The new deadline is June 20. After the merger, Lin's stake would increase from ...
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News briefs
Mike Ashley is said to be planning a big move...
Mike Ashley is said to be planning a big move into the gym business through the likely acquisition of about 30 clubs operated by LA Fitness in the U.K. The controlling shareholder of Sports Direct International would thus emulate the strategies implemented by his rival, Dave Whelan, many of whose ...
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News briefs
Bregal Partners, which acquired Shock Doctor in March this year,...
Bregal Partners, which acquired Shock Doctor in March this year, and Michael Magerman, a consumer industry veteran, have announced that they are partnering to invest in enthusiast consumer brands. Bregal has committed $100 million to future investments, targeting product companies with authentic consumer brands that resonate with passionate consumers. In ...
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News briefs
Shortly before the football World Cup, a new team sports...
Shortly before the football World Cup, a new team sports brand is about to hit the German market. The new label is called Geco Sportswear, and it proposes an interesting value-for-money ratio. Retailers are not required to place pre-orders or to order a certain minimum quantity of merchandise. Instead, the ...
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News briefs
Hero Cycles, India's largest bicycle manufacturer, is acquiring a 47...
Hero Cycles, India's largest bicycle manufacturer, is acquiring a 47 percent stake in Mitteldeutsche Fahrradwerke (MIFA), the troubled German bicycle and e-bike maker. Through its subsidiary OPM Global, based in Amsterdam, Hero will buy shares worth up to €15 million in MIFA. This stands for a 10 percent capital increase ...
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News briefs
Quabaug, the American company that makes soles for Vibram, has...
Quabaug, the American company that makes soles for Vibram, has announced a joint investment of $1.2 million with Vibram in product research and development. The goal is to develop new types of soles in response to a new directive from the U.S. Department of Defense that requires all new military ...
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News briefs
Musto has adoped Centerstone Technologies' new “Navigate” internet interface. The...
Musto has adoped Centerstone Technologies' new “Navigate” internet interface. The tool allows sales reps, distributors and retailers to check Musto's stock availability, place immediate or forward orders and replenish on sizes and items. It is a new version of the iVendix tool that allows quick browsing through the brand's collections. ...
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News briefs
The family of Jan Toye, a major player in the...
The family of Jan Toye, a major player in the Belgian beer industry, has acquired all the shares in Eddy Merckx Cycle through its holding company, Diepensteyn. The legendary bike racer who lends his name to the brand has sold his 6 percent stake, but he will continue to be ...
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News briefs
Tennis Point, a German major retailer of tennis products, is...
Tennis Point, a German major retailer of tennis products, is taking over Tennis Peters, a 36-year-old mail order retailer, according to SAZ Sport. Tennis Point has eight brick-and-mortar tennis shops and an online store. It had sales of €20.5 million in 2012, 35 percent of which were generated through its ...
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News briefs
Oxylane has decided to shut down a three-year-old site at...
Oxylane has decided to shut down a three-year-old site at Lesquin, close to Lille's airport in northern France, that has been hosting the head office of its French operations as well as a regular Décathlon store of 3,200 square meters. The French office will be moved to the main campus ...
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News briefs
Camelbak International is planning to close down its European office...
Camelbak International is planning to close down its European office in Italy by the end of this month and to transfer its activities to its headquarters in the U.S. The parent company, Compass Diversified, has reported a 44 percent drop in Camelbak's net income to $1.7 million for the first ...
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News briefs
Marmot Mountain inaugurated a new European office at Schwaig near...
Marmot Mountain inaugurated a new European office at Schwaig near Nuremberg in connection with the 40th anniversary of the brand, owned by Jarden Corporation. With a net surface of 1,790 square meters, it is being used by 26 employees since April 1.
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News briefs
Skechers said a few days ago that it is exploring...
Skechers said a few days ago that it is exploring the idea of acquiring a strategic interest in the Los Angeles Clippers, a leading basketball team whose current owner, Donald Sterling, has been criticized for his racist demands, leading the National Basketball Association (NBA) to demand his divestiture. The team ...
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News briefs
The first golf course designed by Tiger Woods will actually...
The first golf course designed by Tiger Woods will actually be a redesign of the Blaketree National Golf Club in Montgomery, Texas. It will become a world-class 18-hole golf course. Called Bluejack National, the project should be completed by Beacon Land Development in the autumn of 2015.
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News briefs
Kering, the French parent company of Puma and Volcom, has...
Kering, the French parent company of Puma and Volcom, has agreed to help Kelly Slater to develop his own brand. The legendary American surf champion, who is now about 42-years old, has put an end to a 23-year association with Quiksilver, which is focusing on its major brands. Company officials ...
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News briefs
VF Corporation has opened a new distribution center in Kunshan,...
VF Corporation has opened a new distribution center in Kunshan, China, that will handle 30 million units of products annually and employ nearly 400 people. The new 85,000-square-meter facility represented an investment of more than $60 million, representing VF's largest infrastructure investment in China to date. In 2013, VF's total revenues ...
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News briefs
Accell Group's North American subsidiary has announced that it will...
Accell Group's North American subsidiary has announced that it will open an Electric Bicycle Competence Center (EBCC-NA), on April 30. It will be located at Simi Valley, California, in a facility of Currie Technologies, a company acquired by Accell in 2012 that pioneered e-bikes in the U.S. The new center ...
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News briefs
Billabong International has raised an additional 24 million Australian dollars...
Billabong International has raised an additional 24 million Australian dollars (€162.5m-$173.9m) by giving the possibility to existing shareholders to purchase three additional shares for every eight shares they owned as of Feb. 28 at a unit price of 28 cents of an Australian dollar. Shareholders bought a total of 87 ...
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News briefs
Italy's Bressan group, which specializes in the design and development...
Italy's Bressan group, which specializes in the design and development of rather technical outdoor and ski apparel through a company called Prisma 2, has taken over all the assets of Garmont and its personnel, but not its liabilities, through a new company called Garmont International. The company's former owner and ...
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News briefs
The parent company of Supra footwear, One Distribution, has relocated...
The parent company of Supra footwear, One Distribution, has relocated its European office from the Basque coast of France to Barcelona, occupying a newly designed, 1,000-square-meter building in the Poblenou area of the city. The company has also signed a contract with Blue Distribution of Italy for the Greek market.
