News briefs - Corporate and M&A – Page 107
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News briefs
Loubsol has obtained a formal certificate proving that its goggles...
Loubsol has obtained a formal certificate proving that its goggles are entirely manufactured in France. The French company, which was taken over by the Batteur group at the beginning of 2013, claims to be the only producer of snow goggles that has this kind of label, which seems to be ...
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News briefs
Widening its base of debt investors to Central Europe, Amer...
Widening its base of debt investors to Central Europe, Amer Sports has signed a “Schuldschein” worth a total of around €70 million. For Amer, this typically German certificate of indebtedness is made up of a bundle of loans in euros and U.S. dollars with a maturity of five years that ...
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News briefs
Amer Sports has extended the number of employees benefitting from...
Amer Sports has extended the number of employees benefitting from its Performance Share Plan from about 80 to 200 for the 2013-15 period. The amount of net rewards to be paid on the basis of the plan has been raised from a maximum total of 1.2 million shares to 1.4 ...
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René Benko, the Austrian entrepreneur who took a 75.1 percent...
René Benko, the Austrian entrepreneur who took a 75.1 percent stake in the 28 sporting stores of Karstadt and its three premium department stores in September, is about to transfer half of the shares to Beny Steinmetz, a rich Israeli trader in diamonds and real estate, according to Manager Magazin. ...
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News briefs
New Balance says it is recruiting more workers at its...
New Balance says it is recruiting more workers at its British factory in Cumbria, which assembles 28,000 pairs of shoes per week, expecting more business following a new contract as the official supplier of shoes and apparel to the Irish Olympic Team. The deal covers the supply of high-performance apparel ...
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News briefs
A Norwegian online retailer and wholesaler, VPG Holding, has purchased...
A Norwegian online retailer and wholesaler, VPG Holding, has purchased a 10 percent stake in 4frnt, an American ski manufacturer based in Salt Lake City. The investment makes VPG, which distributes its products in Norway, the second largest shareholder in the company behind its founder, Matt Sterbenz. One of the ...
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News briefs
Coincidentally, Cannondale Sports Unlimited and Pearl Izumi have both announced...
Coincidentally, Cannondale Sports Unlimited and Pearl Izumi have both announced that they are moving into new global headquarters. Cannondale, which is part of Dorel Industries, has a new head office in Wilton, Connecticut, to support the R&D, engineering and marketing operations of its various brands including Cannondale, Schwinn, GT, Mongoose, ...
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Vibram has revised its operations around two separate business units:...
Vibram has revised its operations around two separate business units: finished goods and components. Both are serviced by the same marketing and administrative group. The finished goods division includes Vibram's FiveFingers range of toe-separation footwear. Along with the announcement of the new business model, the company said that next year ...
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News briefs
Opro, a British producer of mouthgards, has acquired the Maru...
Opro, a British producer of mouthgards, has acquired the Maru swimwear brand for an undisclosed sum. As part of the deal, Maggie Upton and Roger Allen, who established Maru 23 years ago, will continue to be involved in the development of Maru's ranges. Both Maru and Opro are based in ...
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News briefs
Shimano Europe Holding will start a new company to represent...
Shimano Europe Holding will start a new company to represent Shimano in Turkey, for both bike and fishing products, from Jan. 1, 2014. Shimano Menat, the name of the new subsidiary, will be based in Istanbul. Cooperation will continue in the country with two long-standing partners of the company: ...
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News briefs
Adidas has decided to stop marketing SLVR, its premium fashion...
Adidas has decided to stop marketing SLVR, its premium fashion brand of clothing and footwear, after the current autumn/winter collection. It had been showing the line, introduced at the beginning of 2009, at various fairs. Starting in spring 2014, Adidas will come up with a new approach for sophisticated sportswear ...
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News briefs
The Greenmaster Group from Taiwan is reorganizing its European business...
The Greenmaster Group from Taiwan is reorganizing its European business by setting up Greenmaster Europe, with a new structure intended to make it more efficient. It will take the place of Green Fitness, a seven-year-old company in Germany in which Erik von Delius was a partner. He also became its ...
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After completing the previously reported sale of its snowboard subsidiary,...
After completing the previously reported sale of its snowboard subsidiary, Mervin Manufacturing, for $58 million, Quiksilver has used a portion of the proceeds to acquire the minority interests in its high-growth operations in Brazil and Mexico. It has also arranged a three-year, €60 million European credit facility with Eurofactor. ...
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News briefs
Kevin Plank, chief executive and founder of Under Armour, plans...
Kevin Plank, chief executive and founder of Under Armour, plans to sell off gradually 1,125,000 of his own shares in the company and 125,000 others that are in the hands of his charity foundation over a ten-month period, starting next February. The shares would be worth around $92 million. Plank, ...
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News briefs
Sympatex Holding has completed the sale of bonds worth €13...
Sympatex Holding has completed the sale of bonds worth €13 million, with a coupon of 8 percent and maturing in five years' time. They are trading on the Open Market of the Deutsche Börse. The management says that 30 percent of the proceeds will be invested in product development and ...
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News briefs
Ploucquet, an affiliate of Sympatex Holding in Germany, will move...
Ploucquet, an affiliate of Sympatex Holding in Germany, will move all activities to its production site in Zittau. In addition to the existing “Tection” division, which covers technical textiles and applications, all the activities of the “Textiles” business area, which also includes fashion textiles, will also be operated in Zittau, ...
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News briefs
JD Sports Fashion, which already operates 81 Blacks and 76...
JD Sports Fashion, which already operates 81 Blacks and 76 Millets outdoor stores in the U.K., is acquiring a controlling stake in Tiso Group, the largest outdoor retailer in Scotland, from the Tiso family, which will continue to be involved with a minority stake. Chris Tiso will remain as chief ...
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News briefs
A new round of financing has provided the German-based 21sportsgroup...
A new round of financing has provided the German-based 21sportsgroup with sufficient working capital to finance its purchases until 2016, according to a press release by the company, which says that this is also going to improve profitability because of the discounts generally granted by suppliers on pre-orders. Further details ...
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News briefs
Fletcher Leisure Group of Canada has been placed in receivership....
Fletcher Leisure Group of Canada has been placed in receivership. The company owns the Sunice label and is the golf apparel licensee for AUR, Tommy Hilfiger and Bridgestone. Reports indicate that Fletcher's receiver, PriceWaterhouseCoopers, is about to sell some of the assets to an unnamed strategic investor. Fletcher dismissed 55 ...
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Under Armour is paying $150 million for the takeover of...
Under Armour is paying $150 million for the takeover of MapMyFitness, a company in its hometown of Baltimore whose digital fitness platform has more than 20 million users. It allows them to track and share their progress in running and other fitness activities through the social media. Under Armour, which ...
