News briefs - Corporate and M&A – Page 122
-
News briefs
Wolverine Worldwide has set up joint ventures in India and...
Wolverine Worldwide has set up joint ventures in India and Colombia, as part of its strategy to directly operate in more international markets. The Indian partnership was formed with Tata International, to market footwear and apparel. The equal joint venture will start with the wholesale distribution of the Merrell and ...
-
News briefs
As Head N.V. reclaims its European sportswear business from a...
As Head N.V. reclaims its European sportswear business from a licensee this year, it is setting up these operations in London. It will be the main hub of the European Sportswear Division, and the company will hire staff for product management and communications and PR management to work from the ...
-
News briefs
Burton Snowboards has sold DNA Distribution, a company that supplies...
Burton Snowboards has sold DNA Distribution, a company that supplies skateboards and accessories under the Alien Workshop, Habitat and Reflex brand names, to Rob Dyrdek, an American television star and entrepreneur. Now a wealthy individual, he has been skateboarding for 20 years and had been originally sponsored by that company. ...
-
News briefs
Confirming a report in SAZ, a spokesperson for Bawag says...
Confirming a report in SAZ, a spokesperson for Bawag says the Austrian bank sold its last remaining stake in Atomic to Amer Sports last January, but declined to specify the terms of the transaction. Amer first took over a 90 percent stake in Atomic in 1994 from the bank, and ...
-
News briefs
Now that it has set its house in order on...
Now that it has set its house in order on the hardware front, the Rossignol Group is negotiating to buy back its apparel business from Look. The business is already largely integrated into the group in terms of brand strategy and management, operating out of Rossignol's headquarters. In the financial ...
-
News briefs
April 30 is the deadline set for Collective Brands to...
April 30 is the deadline set for Collective Brands to receive offers for the takeover of its whole business or for parts of it, including the Payless ShoeSource chain of shoe stores and its footwear brands, including Airwalk, Saucony, Sperry Top-sider, Keds, Pro-Keds and Stride Rite. According to Bloomberg, Collective's ...
-
News briefs
Snapdeal.com, which claims to be the largest e-commerce shopping portal...
Snapdeal.com, which claims to be the largest e-commerce shopping portal in India, has acquired eSportsbuy.com, an online sports store launched in the country last year. Snapdeal, which started in February 2010, claims to have 15 million members.
-
News briefs
Apart from its investment in JJB Sports, discussed on the...
Apart from its investment in JJB Sports, discussed on the front page of this issue, Dick's Sporting Goods has completed the purchase of the trademark rights for Top-Flite, the brand of golf balls owned by Callaway Golf, for $20 million. Callaway said that is was eager to focus on the ...
-
News briefs
Internetstores, one of the leading German online bicycles and outdoor...
Internetstores, one of the leading German online bicycles and outdoor retailers, has received an investment of €30 million from EQT Expansion Capital II. The private equity fund will become a substantial minority shareholder in Internetstores, while the majority will remain in the hands of its founder, René Köhler. The investment ...
-
News briefs
Altor, the Nordic investment fund that acquired Helly Hansen in...
Altor, the Nordic investment fund that acquired Helly Hansen in 2006 for about $140 million, is expected to start accepting offers for the Norwegian company's takeover in the next few days, according to Reuters. As already reported, Columbia Sportswear, Jarden Corporation, PPR and VF Corporation are thought to be interested, ...
-
News briefs
Benetton Group is leaving the stock exchange after 26 years...
Benetton Group is leaving the stock exchange after 26 years of trading. Shareholders tendered 92.37 percent of the shares in Benetton Group for €4.60 a share by the deadline last Friday. That was below the 95 percent level originally requested by Edizione for completion of the transaction, but the company ...
-
News briefs
The creditors of Asolo have approved a settlement of the...
The creditors of Asolo have approved a settlement of the company's debts, proposed by the court of Treviso, allowing the highly secretive Italian company to get out of bankruptcy protection proceedings without liquidating any of its remaining assets. The settlement, which was approved on March 15, calls for the repayment ...
-
News briefs
Shimano Europe Holding has bought BikeFitting.com, a company that translates...
Shimano Europe Holding has bought BikeFitting.com, a company that translates insights obtained from biomechanics into practical measuring instruments that can be used to optimize cycling efficiency and comfort. Shimano said that by gaining Bike Fitting's knowledge, it can develop its products to be even more customized for the needs of ...
-
News briefs
Golden Equity Investments, a private equity firm based in Colorado,...
Golden Equity Investments, a private equity firm based in Colorado, is the new owner of Outlast Technologies, the maker of temperature-regulating technologies for apparel and footwear. Outlast said the acquisition will help improve its supply chain. There will be no changes in staffing, management or operations. The only change is ...
-
News briefs
Volcom is slimming down, following its acquisition by PPR last...
Volcom is slimming down, following its acquisition by PPR last year. A spokesperson has reported the elimination of 30 jobs, without any further details, because of “continued challenges in the U.S. retail environment and the current economic situation in Europe.” Prior to the change in ownership, the company employed about ...
-
News briefs
Columbia Sportswear is about to lay off 80 employees from...
Columbia Sportswear is about to lay off 80 employees from its global staff, representing 2 percent of its total workforce. The cuts concern mainly the headquarters in the U.S. and the European subsidiary. Officials at the latter operation, which is based in Geneva, declined to comment, but the headquarters in ...
-
News briefs
A large South Korean conglomerate, E-Land, is preparing a bid...
A large South Korean conglomerate, E-Land, is preparing a bid to acquire Collective Brands for $1.8 billion, together with institutional investors, according to the Bloomberg news agency. Collective is the parent company of Saucony and several other, more casual footwear brands such as Sperry Top-Sider, Keds and Stride-Rite. It also ...
-
News briefs
Sports Direct International, the largest sporting goods retailer in the...
Sports Direct International, the largest sporting goods retailer in the U.K. and owner of many sports brands including Dunlop and Karrimor, has acquired two British young fashion brands, Firetrap and Full Circle, according to the British magazine Drapers. Bidding against its archrival, JD Sports Fashion, Sports Direct has won the ...
-
News briefs
Golfino, the specialty brand of golf apparel, has issued bonds...
Golfino, the specialty brand of golf apparel, has issued bonds to ensure fresh capital for future growth. Reportedly, the issue was already halted on the first day of the buying period, which was planned until April 3, after the first day brought in €12 million. The bonds have an interest ...
-
News briefs
Gordon Merchant, the founder of Billabong International, has bought 2.5...
Gordon Merchant, the founder of Billabong International, has bought 2.5 million new shares of the company to raise his stake from 15.1 percent to 15.8 percent. The company had been in talks about a takeover with the private equity group TPG, though the talks ended in February. Merchant's new, bigger ...
