News briefs - Corporate and M&A – Page 123
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News briefs
The creditors of Asolo approved last March 15 a settlement...
The creditors of Asolo approved last March 15 a settlement of the company's debts, proposed by the court of Treviso, allowing the Italian company to get out of bankruptcy protection proceedings without liquidating any of its remaining assets. The settlement calls for the repayment of between 35 and 100 percent ...
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News briefs
Kanabeach, a French brand of surf-inspired clothing and accessories, has...
Kanabeach, a French brand of surf-inspired clothing and accessories, has been placed in receivership, with the obligation to come up with a reorganization plan within six months. One main reason was apparently the roll-out of an expensive network of company-owned stores. The company already closed three stores and sold its ...
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News briefs
New Balance plans to expand its headquarters in Brighton, Massachusetts,...
New Balance plans to expand its headquarters in Brighton, Massachusetts, as part of a new real estate complex that would include a track and field stadium, a hockey rink, retail facilities, several office buildings and even a hotel. The $235 million project would include a new building for New Balance's ...
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News briefs
The entrepreneur Carsten Maschmeyer has increased his share in Mifa...
The entrepreneur Carsten Maschmeyer has increased his share in Mifa by 4 percentage points to 33 percent, making him the largest shareholder of this traditional German bike maker. Maschmeyer started to invest in Mifa last October. Another member of the executive board, Peter Wicht, raised his share to 30 percent. ...
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News briefs
John Fentener van Vlissingen, one of the wealthiest men in...
John Fentener van Vlissingen, one of the wealthiest men in the Netherlands, has acquired a stake of 5.19 percent in Accell Group, the Dutch company that owns a dollop of bicycle brands from Batavus to Hercules, Koga, Lapierre and many more. The Fentener van Vlissingen family amassed a fortune with ...
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News briefs
Sport Partner reports that the fitness division of Accell Group,...
Sport Partner reports that the fitness division of Accell Group, the Dutch bicycle and fitness equipment company, has changed its name to Tunturi Fitness, after the Finnish brand that forms the largest share of its fitness equipment sales. The unit was previously called Accell Fitness Division. The company's managers told ...
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News briefs
Li & Fung, the Hong Kong-based sourcing behemoth, said that...
Li & Fung, the Hong Kong-based sourcing behemoth, said that Bangladesh moved ahead of Vietnam and Indonesia to become its second-largest production base last year. Bangladesh improved its apparel production, while rising costs in Vietnam made it harder for the country to compete for low-cost orders. China remains the biggest ...
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News briefs
Amer Sports will apply for a listing on Helsinki's Nasdaq...
Amer Sports will apply for a listing on Helsinki's Nasdaq of two new series of euro-denominated bonds worth a total of €150 million, which have been allocated to more than 50 investors. One €50 million bond carries a floating rate and matures on March 6, 2014. The other €100 million ...
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News briefs
Paul Fireman, the former chief executive and major shareholder of...
Paul Fireman, the former chief executive and major shareholder of Reebok, has reportedly agreed to sell his golf country club in Mashpee, Massachussets, to another company in the state at an unspecified price. He had bought the club at a public auction in 1991. He tried to sell it in ...
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News briefs
Naibu Global International, a Chinese sportswear company whose orange logo...
Naibu Global International, a Chinese sportswear company whose orange logo resembles that of Nike, is said to be seeking a listing on the Alternative Investment Market (AIM) of the London Stock Exchange next month. It would like to float about half of its equity, valuing the 10-year-old Fujian company at ...
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News briefs
Hero Cycles, the leading Indian bicycles producer, intends to double...
Hero Cycles, the leading Indian bicycles producer, intends to double its capacity to about 10 million units per year by 2015, after it reportedly clinched a huge supply deal with Walmart. The Business Standard reports that Hero Cycles already supplied bicycles to the cash-and-carry stores owned by Walmart in India, but ...
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News briefs
Billabong International's board of directors announced yesterday that it has...
Billabong International's board of directors announced yesterday that it has rejected a revised takeover offer by TPG Capital, a subsidiary of Texas Pacific Group. The new proposal calls for the same indicative price of 3.00 Australian dollars per share that the American equity fund had offered before Billabong came out ...
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News briefs
Devanlay, the global license holder for Lacoste, is hiring more...
Devanlay, the global license holder for Lacoste, is hiring more than 200 people in production as it relaunches the brand. The hiring, taking place over the next two years, will increase the company's workforce by 20 percent. Devanlay told just-style.com that all of the jobs will be in positions across ...
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News briefs
Exceed Company, the Chinese owner of the Xidelong brand of...
Exceed Company, the Chinese owner of the Xidelong brand of sportswear, has put down a $7.4 million deposit toward the purchase of a land parcel of 400,000 square meters in Ruichang, Jiangxi Province. The company intends to set up a new operating subsidiary there as well as a new production ...
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News briefs
Adding a fifth property to its roster of apparel brands,...
Adding a fifth property to its roster of apparel brands, Perry Ellis has acquired the global intellectual rights to the Ben Hogan brand for apparel and accessories from Callaway Golf. The deal, whose price was not disclosed, covers South Korea and Japan as well. Perry Ellis is already the licensee ...
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News briefs
Indicating that it is discussing possible acquisitions of outdoor companies...
Indicating that it is discussing possible acquisitions of outdoor companies in the $25-50 million range, Black Diamond Equipment Inc. said it intends to issue 7.75 million new shares, priced at $7.50, to obtain gross proceeds of about $58.1 million. It is also granting an option to purchase an additional 1,162,500 ...
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News briefs
The shareholders of Hot Tuna have approved all the resolutions...
The shareholders of Hot Tuna have approved all the resolutions presented to them, including the sale of the Hot Tuna brand name and some of its inventory to Sports Direct International for £950,000 (€1.1m-$1.5m). As a result, the British surfwear company is winding down all its operations in the U.K., ...
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News briefs
Alpargatas, the big Brazilian shoe company that owns the Havaianas...
Alpargatas, the big Brazilian shoe company that owns the Havaianas and Topper brands, is considering acquisitions abroad, according to the Bloomberg news agency. It also intends to expand into new markets in Asia and to boost its distribution operations in other countries such as the U.K. and the U.S. While ...
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News briefs
Anxious to expand its market position in the U.K., Décathlon...
Anxious to expand its market position in the U.K., Décathlon confirms a report that it studied the possible acquisition of some of the British megastores of Best Buy, the big American specialty retailer of consumer electronics. However, another retailer, Morrisons, has bought them instead for its Kiddicare chain of children's ...
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News briefs
Pon Holdings, the Dutch-based international trading and service company that...
Pon Holdings, the Dutch-based international trading and service company that recently acquired Derby Cycle, Gazelle and Cérvelo, has grouped these assets into a newly created Pon Bicycles Business Group, according to Bike Europe. It will be based in the German town of Cloppenburg, where Derby has its head office. The ...
