News briefs - Corporate and M&A – Page 127
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News briefs
Nike is boosting its quarterly dividend by 16 percent to...
Nike is boosting its quarterly dividend by 16 percent to 36 cents, payable next Jan. 3 to shareholders of record at the close of business on Dec. 5. The company points out that it has raised its dividends for 10 years in a row and that it has more than ...
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News briefs
Cybex is allowed to continue trading on the Nasdaq stock...
Cybex is allowed to continue trading on the Nasdaq stock exchange until at least Jan. 2, by which time it must formally disclose an equity position of at least $10 million. The American fitness equipment company will also have to trade above $1 per share on Nasdaq for at least ...
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News briefs
Brown Shoe Company has finalized the sale of its men's...
Brown Shoe Company has finalized the sale of its men's basketball and lifestyle shoe brand, And 1, to Galaxy International for $55 million in cash. Brown Shoe plans to use the proceeds from the deal to pay down debt. The U.S. shoe retail and wholesale company acquired And 1 in ...
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News briefs
Accell Group, the Dutch company that owns several bicycle and...
Accell Group, the Dutch company that owns several bicycle and fitness brands, said that it had made a book profit of €17 million with the sale of its 22 percent stake in Derby Cycle to Pon Holdings, at a price of €28 per share. Accell bought 5.7 percent of the ...
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News briefs
Charlie Denson, president of the Nike brand, told the China...
Charlie Denson, president of the Nike brand, told the China Daily that the company intended to rapidly expand its distribution in second- and third-tier Chinese cities. The brand already has about 7,000 mono-brand stores around China, but it wants to move deeper into the country, on the western side and ...
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News briefs
A new chapter in a never-ending story: The Kneissl ski...
A new chapter in a never-ending story: The Kneissl ski company was about to be sold to Andreas Kramer, the man behind Kramer Elastic. Kramer is a German snowboard manufacturer who, around the time of the last Ispo show, acquired the brand rights to Erbacher, a German ski company ...
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News briefs
The Salewa/Operalp group has officially opened its futuristic new headquarters...
The Salewa/Operalp group has officially opened its futuristic new headquarters in Bolzano, Italy. The avant-garde building, whose shape recalls that of a mountain, is self-sufficient in terms of energy and CO2 free and is set to supply also neighboring companies with solar energy. The building comprises the offices of the ...
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News briefs
Berkshire Partners of Boston has acquired full ownership of Masai...
Berkshire Partners of Boston has acquired full ownership of Masai Barefoot Technology, better known as MBT. The American investment company had acquired an initial minority stake in the Swiss-based producer of physiological footwear in 2007. The two other partners, Hermann Oberschneider and Klaus Heidegger, have cashed out. In connection ...
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News briefs
Brooks Sports will move its head office from Bothell, a...
Brooks Sports will move its head office from Bothell, a little town near Seattle, to the Fremont/Wellingford area of the same city at the end of 2013. There will be 80,000 square feet of offices and the first Brooks concept shop.
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News briefs
Patagonia has completed the installation of a 27.6-kilowatt solar power...
Patagonia has completed the installation of a 27.6-kilowatt solar power system on the roof of its Firehouse, an energy-efficient administrative building at its campus in Ventura, California. The new facility should supply half of the building's total energy requirements. Six years ago, Patagonia nstalled a 66-kilowatt solar power system on ...
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News briefs
The past two winters have been successful ones for Swedish...
The past two winters have been successful ones for Swedish ski resorts. As a result, they are now planning investments of nearly 900 million Swedish kronor (€98.7m-$137.0m) for the 2011-12 ski season, reports Sportfack. The investments will come in the form of new lifts, improved snowmaking, expansion of ...
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News briefs
A Dutch sports retailer, Telstar Sport & Fashion, has taken...
A Dutch sports retailer, Telstar Sport & Fashion, has taken over the former Hink Sport megastore in Alkmaar, which is about 5,000 square meters, from its receivers. Telstar already has five such megastores and has advanced plans to open two more in Apeldoorn and Groningen. Hink Sport, a prominent member ...
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News briefs
El Corte Inglés is said to be interested in a...
El Corte Inglés is said to be interested in a possible investment in Kaufhof. The Spanish and German department store chains are both deeply involved in the sporting goods sector, and the Spanish one is looking for expansion opportunities outside its home market, where it already has a dominant position. ...
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News briefs
The members of Intersport España, who have already decided to...
The members of Intersport España, who have already decided to change the buying group from a cooperative into a limited partnership, have now approved a plan to set up a separate company, Intersport CCS, to act as their buying and service company. Don Enrique Roura Bonet of Body Molina is ...
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News briefs
Tharanco Lifestyles, the American company that took over the Greg...
Tharanco Lifestyles, the American company that took over the Greg Norman Collection of golf apparel at the beginning of 2009, has agreed to also acquire Dunning Golf, a Canadian company specializing in high-performance golf clothing. Ralph Dunning, who founded it in 2001, will continue to hold a share in the ...
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News briefs
The Odlo Sports Group is investing massively in its European...
The Odlo Sports Group is investing massively in its European logistics and manufacturing facilities: The Swiss brand will bundle its central logistics and the administration of its German operations at a modern new site of more than 26,000 square meters in Brüggen, Germany. Construction will start in March 2012, and ...
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News briefs
Billabong International has taken 100 percent control over Surfection, a...
Billabong International has taken 100 percent control over Surfection, a retailer based in Sydney that had been run as part of a joint venture between Billabong and interests associated with another retailer, Chris Athas. Billabong issued 1.06 million new ordinary shares at 3.72 Australian dollars (€2.71-$3.59) apiece to raise funds ...
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News briefs
Nike's Sustainable Business & Innovation Lab is setting up a...
Nike's Sustainable Business & Innovation Lab is setting up a venture capital operation that will look for and fund alternative energies and better business practices. Bloomberg has reported that SBI will invest money in startup businesses that develop sustainable practices or that help promote more healthful living. The SBI was ...
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News briefs
Timberland has taken over the distribution in Greece, following the...
Timberland has taken over the distribution in Greece, following the financial problems of its former partner there, Ridenco, which were apparently caused by the difficult economic and financial situation in the country. Two other brands, Nautica and La Martina, have also terminated their agreements with the Greek group. Timberland's office ...
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News briefs
Head NV and HTM Sport, a subsidiary of Head, announce...
Head NV and HTM Sport, a subsidiary of Head, announce that, on Oct. 21, they expect to redeem in full their outstanding senior secured notes due in 2012. The total redemption price for the notes is expected to be €29.4 million: the principal amount of €28.8 million and accrued and ...
