News briefs - Corporate and M&A – Page 125
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News briefs
Head is relocating its U.S. office from Norwalk, Connecticut to...
Head is relocating its U.S. office from Norwalk, Connecticut to Boulder, Colorado to be closer to snow sports retailers and to increase its focus on U.S.-based design, product development and pricing for its winter line. It will be assisted in this process by sponsored athletes such as Simon Dumont, Bode ...
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News briefs
Power Balance Performance Technology, the supplier of the famous wristbands...
Power Balance Performance Technology, the supplier of the famous wristbands popularized by professional athletes, will be allowed to exit bankruptcy protection with through a new company set up by its new owner, Power Balance Technologies. Denny Barge is the chairman of the new company. The new owner was an early ...
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News briefs
Giant Bicycles plans to invest more in manufacturing rims for...
Giant Bicycles plans to invest more in manufacturing rims for bicycles, e-bikes and motorcycles this year. Through its subsidiary Giant Light Metal Technology, the company started shipping motorcycle rims in the second half of last year and expects orders to grow in 2012. It is putting €5.2-7.8 million into the ...
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News briefs
Brown Shoe Company has closed the Chinese factory that was...
Brown Shoe Company has closed the Chinese factory that was part of its acquisition of American Sporting Goods, parent company of Proged and other brands. The plant employed more than 5,000 people some time before ASG's purchase. Recent restructuring measures such as the sale of And 1 and the licensing ...
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News briefs
At the upcoming Ispo show, Gaspo, the Austrian manufacturer of...
At the upcoming Ispo show, Gaspo, the Austrian manufacturer of skis and snowboards, will present itself under a new name: GPO Sports. The change of name comes along with a new business structure: Since the beginning of the year, GPO Sports is an independent business unit of Gaspo, a family-owned ...
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News briefs
Sport 2000 Deutschland is offering special new credit facilities to...
Sport 2000 Deutschland is offering special new credit facilities to its retailer members, who suffered from slow sell-through in the weeks before Christmas. The new soft loans are being granted by the DZB Bank, which belongs to the parent company of the German sports buying group, Ariston-Nord-West-Ring (ANWR). They have ...
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News briefs
As part of the growing concentration of sports and outdoor...
As part of the growing concentration of sports and outdoor retailing across Scandinavia, Friluftsland, a major Danish retailer and wholesaler of outdoor products, has taken over Playground in Sweden. Frilufstland had seven outdoor stores in Denmark and two in Sweden, but it closed one of the latter recently. Playground achieved ...
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News briefs
Scott Sports is expanding in bicycle accessories with the acquisition...
Scott Sports is expanding in bicycle accessories with the acquisition of Syncros, a high-end brand of mountain bike components from Vancouver's North Shore. The Swiss company said that the acquisition would enable it to become a sizeable player in the market for bicycle parts, and that its infrastructure would enable ...
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News briefs
Rapala VMC Corporation has sold Willtech Gift (HK), a unit...
Rapala VMC Corporation has sold Willtech Gift (HK), a unit involved in the manufacturing of gift items in China, to Pylones, a French-based developer and retailer of premium gift items with a global reach. Back in 2001, Rapala acquired the totality of Willtech's business, which consisted of manufacturing gifts as ...
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News briefs
Macintosh Retail Group has decided to postpone the sales of...
Macintosh Retail Group has decided to postpone the sales of its Halfords bicycle business, indicating that the present economic situation is making it difficult for potential buyers to arrange the financing. Macintosh announced its decision to divest Halfords last July, after selling other non-core activities. As the proceeds from Halfords' ...
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News briefs
Adams Golf, the American golf equipment company, said it had...
Adams Golf, the American golf equipment company, said it had retained Morgan Stanley to explore strategic alternatives for the group. Unanimously approved by Adams Golf's board of directors, this evaluation might lead to a sale, but the company emphasized that no decision had yet been made, and that it had ...
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News briefs
Columbia Sportswear has bought a building in London, Ontario, that...
Columbia Sportswear has bought a building in London, Ontario, that it plans to use as its new Canadian headquarters. About 120 jobs will move to the new building, which cost Columbia about $26 million. It will consolidate two former locations nearby in Strathroy, comprising administration, sales and a distribution center, ...
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News briefs
Vegas Europe, the French-based company that held the license for...
Vegas Europe, the French-based company that held the license for the Rusty surfwear brand around Europe, has gone into liquidation. The group was established in 2008 as a European subsidiary of Vegas Enterprises, an Australian company that secured all rights to the Rusty brand in 2007, after drawn-out legal disputes. ...
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News briefs
Accell Group, the Dutch company owning a slew of bicycle...
Accell Group, the Dutch company owning a slew of bicycle and fitness brands, has agreed to acquire all shares of Currie Technologies, a leader in the U.S. market for e-bikes. The Californian company employs 40 people and reaches annual sales of about $20 million, with the I-Zip and E-Zip brands. ...
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News briefs
Macintosh Retail Group is said to have selected three bidders,...
Macintosh Retail Group is said to have selected three bidders, including two private equity funds and the Dutch Bicycle Group, as candidates for the takeover of its Halfords operation, which includes the distribution of some 120,000 bicycles annually through the group's own 143 stores in the Netherlands and seven in ...
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News briefs
Forum Sport, the big Spanish sporting goods retailer in which...
Forum Sport, the big Spanish sporting goods retailer in which the Eroski retail group has a stake of 86 percent, is issuing 83,194 new shares with a nominal value of €6.01 each to boost its equity by €499,995 to €27.5 million. Existing shareholders will have rights of first refusal on ...
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News briefs
According to a report in Handelsblatt, the German newspaper, Puma...
According to a report in Handelsblatt, the German newspaper, Puma is going to increase its production capacity in Africa, a continent where the brand has been active for many years, particularly through the sponsorship of national football teams. The newspaper hears that one of Puma's production partners is about to ...
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News briefs
Augusta Manufacturing, a Nicaraguan company that makes apparel for Adidas,...
Augusta Manufacturing, a Nicaraguan company that makes apparel for Adidas, Quiksilver, Roxy and other brands, is investing $5 million into its factory and expects to create 500 jobs by the end of the year, having 1,000 workers in 2012. ProNicaragua, the country's industrial development authority, says that the effect of ...
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News briefs
Crocs has entered into an amended and restated credit agreement...
Crocs has entered into an amended and restated credit agreement that replaces the existing $30 million asset-backed line of credit set to expire in September 2014 with a five-year, $70 million secured revolving line of credit. Borrowings under the revolving credit facility will bear interest at variable rates, and it ...
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News briefs
Head has announced that it bought back 393,558 more of...
Head has announced that it bought back 393,558 more of its own shares. The value of the transaction was €295,169. The number of acquired shares corresponds to 0.43 percent of the issued share capital of the company. Following this transaction, 9.4 percent of Head's equity is made up of treasury ...
