News briefs - Corporate and M&A – Page 129
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News briefs
Rossignol's management indicates that it is still in preliminary discussions...
Rossignol's management indicates that it is still in preliminary discussions with European antitrust authorities about a project whereby Jarden Corporation and the Macquarie investment group, which currently owns the majority of Rossignol's shares, would share control of the company. While denying rumors of a veto, an executive of Rossignol said ...
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News briefs
Exel Composites, which went out of the sporting goods business...
Exel Composites, which went out of the sporting goods business a few years ago, has signed a license agreement with E-Sports Group for the use of the Exel trademark in poles for skiing, Nordic Walking and Nordic Blading. E-Sports is a Finnish firm that already licenses the Exel brand name ...
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News briefs
SRAM is buying itself out of Triatlantic, the private equity...
SRAM is buying itself out of Triatlantic, the private equity firm that invested in the company in 2009, as a prelude to its own planned public offering, which should raise about $300 million in new equity. The big American supplier of bike components obtained new credit facilities totaling $790 million ...
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News briefs
As part of its decision to focus on its fashion...
As part of its decision to focus on its fashion and living segments, Macintosh Retail Group is seeking a buyer for its Halfords business, which includes bicycles, car and bicycle accessories, and navigation equipment. In September, Macintosh will issue an information memorandum to interested parties, and then choose potential buyers ...
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News briefs
Bic Sport has sold Takoon, one of the pioneering brands...
Bic Sport has sold Takoon, one of the pioneering brands of kitesurfing, to P&L Design, a company set up and equally owned by two industry veterans, Pierre Engel and Jacques Freydrich. Engel has worked for Tiga and Gaastra in the past. Freydrich has headed up some of Neil Pryde's operation ...
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News briefs
New Wave Group, the Swedish brands company that owns Craft,...
New Wave Group, the Swedish brands company that owns Craft, Cutter & Buck and several other operations, plans to buy Ahead, an American supplier of headwear and other products. Ahead, for which New Wave will pay $17.4 million, will fall under the auspices of a new subsidiary being set up ...
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News briefs
Skullcandy, the American supplier of trendy headphones and T-shirts that...
Skullcandy, the American supplier of trendy headphones and T-shirts that are also sold in sporting goods stores, had a successful lunch of its initial public offering. The initial $20 price of its shares on the Nasdaq stock exchange valued the company at $535.6 million after reporting a 66.3 percent sales ...
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News briefs
The NBA has decided to shut down its offices in...
The NBA has decided to shut down its offices in Paris and Tokyo, leading to 114 layoffs and to annual savings of about $50 million. The NBA lost about $300 million in the past season, and it stands to make further losses due to a lockout that began after efforts ...
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News briefs
Nike has expanded its footprint in Beaverton, Oregon, with a...
Nike has expanded its footprint in Beaverton, Oregon, with a new five-year lease on 26,000 square feet adjacent to its world headquarters. The new space will house administration and lab research, and will add more than 100 employees to the total of 300 who already work at the headquarters.
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News briefs
Swix Sports USA, the winter sports accessory provider, has moved...
Swix Sports USA, the winter sports accessory provider, has moved its headquarters from Wilmington, Massachusetts, to Haverhill in the same state. The updated warehouse facility is double the size of the old one and includes a fitness facility for employees. The company invested almost $500,000 in the new office complex.
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News briefs
Garmont denies rumors concerning a possible sale of the company,...
Garmont denies rumors concerning a possible sale of the company, although it has reportedly received at least one takeover offer. The rumors probably originated from the departure earlier this year of Gord Bailey, the company's longtime U.S. manager. Company officials say that Garmont plans to announce a new management structure ...
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News briefs
Schwan-Stabilo, which acquired Deuter in 2006, has now bought Ortovox,...
Schwan-Stabilo, which acquired Deuter in 2006, has now bought Ortovox, the German mountaineering brand. Ortovox' sales grew to €12.2 million in the year ended last June 30 (more in The Outdoor Industry Compass).
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News briefs
Following an interesting business model, the Adidas Group is indirectly...
Following an interesting business model, the Adidas Group is indirectly backing the development of new brands and new technologies through a new fund in San Francisco, Hydra Ventures. It is structured as a venture capital fund, but it is headed up by Tom Montgomery, who has beben head of corporate ...
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News briefs
The Swiss group Maus Frères, owner of Lacoste and Aigle,...
The Swiss group Maus Frères, owner of Lacoste and Aigle, has taken a majority stake in Eboutic.ch, the leading online retailer in Switzerland. It bought a 70 percent stake in the company for an undisclosed sum, leaving the remaining 30 percent under the control of Eboutic's founders, Arthur Dauchez and ...
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News briefs
Dema Bicycles of Slovakia and Planet Bicycles of Taiwan have...
Dema Bicycles of Slovakia and Planet Bicycles of Taiwan have formed a 50-50 joint venture called Bike Planet, with a goal of having production of city and touring bikes closer to the European market. Ravi Hingorani will head up the European operations of Bike Planet, bringing many years of experience ...
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News briefs
Bushnell Outdoor Products has created the Bushnell Eyewear Division, which...
Bushnell Outdoor Products has created the Bushnell Eyewear Division, which will be in charge of the Bollé, Bollé Safety, Cébé and Serengeti eyewear brands. Olivier Ciaravino is the head of the new division and will be based in the eyewear business' headquarters in Suresnes, France. It will have regional business ...
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News briefs
Pou Chen Corporation, the major shareholder of Yue Yuen (see...
Pou Chen Corporation, the major shareholder of Yue Yuen (see its results further down), indicates that it should be able to complete a major reorganization of its Asian production apparatus by end of 2012, in response to rising labor costs in Eastern China. It will relocate a large part of ...
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News briefs
Fortune Brands, which plans to close on the $1.23 billion...
Fortune Brands, which plans to close on the $1.23 billion sale of Titleist, FootJoy and Pinnacle to Fila Korea and other investors this summer, plans to split the balance of its operations at the end of this year into two separate publicly traded units, one for spirits and wines, and ...
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News briefs
TCN, the Dutch real estate company specializing in trademarts and...
TCN, the Dutch real estate company specializing in trademarts and business centers, has become the full owner of Brandboxx Salzburg and Brandboxx Hannover. It previously shared ownership of the two centers with CVI, a private equity partner. On a surface of about 40,000 square meters, the unit in Salzburg is ...
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News briefs
Accell Group, the Dutch company that owns a raft of...
Accell Group, the Dutch company that owns a raft of cycling and fitness brands, has agreed to take over all shares of Vartex, a Swedish trading company dealing in bicycles and bicycle parts. Accell is formally acquiring Vartex through Batavus, one of its subsidiaries and bicycle brands. Based in Varberg, ...
