News briefs - Corporate and M&A – Page 133
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News briefs
Venice Beach, the German label of female fitness wear, is...
Venice Beach, the German label of female fitness wear, is in new hands. In late 2010, its owner, MPC Holding, announced that it would either stop or license that business. The brand has now been taken over by Basler Fashion, another German marketer of textiles. Matthias Orth, sales manager of ...
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News briefs
Nike has opened its new logistics center in Jiangsu province...
Nike has opened its new logistics center in Jiangsu province in China, now its largest in Asia and sixth-largest anywhere. The company plans for it to be the first LEED accredited warehouse complex in China, in compliance with that “green building” rating system. It spans over 200,000 square meters, and ...
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News briefs
Two key shareholders in Rapala VMC have put an end...
Two key shareholders in Rapala VMC have put an end to a shareholders' agreement that they had struck last June 29. One of the two, Utavia, has sold all its shares in the Finnish company. The other one, Viellard Migeon & Cie, remains with 11,842,71 shares, giving it 30.01 percent ...
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News briefs
Pure Fishing, the wholly-owned subsidiary of Jarden Corporation, has acquired...
Pure Fishing, the wholly-owned subsidiary of Jarden Corporation, has acquired substantially all of the assets of the Sebile fishing lure business from Sebile International. Financial terms of the transaction were not disclosed.
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News briefs
Berkshire Hathaway divested its 3,642,929 shares of Nike in the...
Berkshire Hathaway divested its 3,642,929 shares of Nike in the fourth quarter. At current market value the stake is worth $311.7 million. The investment company, managed by Warren Buffet, had already halved its stake in Nike in the third quarter. The sale is part of a change in investment strategy ...
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News briefs
The board of directors of Amer Sports has announced that...
The board of directors of Amer Sports has announced that the company will begin a share repurchasing program as a way to implement share-based incentive plans for key personnel in 2011 and 2012. The process will start on Feb. 23 and the final date will be Sept. 9, at the ...
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News briefs
In a strategic move, Oberalp, parent company of Dynafit, Silvretta...
In a strategic move, Oberalp, parent company of Dynafit, Silvretta and Salewa, has taken over Pomoca, a leading Swiss manufacturer of skins for touring skis. The founding Dufour family will remain at the top of the operating business of the company, which was founded in 1933. Pomoca will remain an ...
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News briefs
Kneissl, the legendary Austrian ski brand, has run out of...
Kneissl, the legendary Austrian ski brand, has run out of money again. Reportedly, Andreas Gebauer, the managing director, has filed for bankruptcy because the strong man behind the company, Sheikh Al Jaber, did not provide the promised and necessary increase in capital. According to Sport-Fachhandel, the German trade publication, Gebauer ...
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News briefs
A report on CNBC, the financial news source, says that...
A report on CNBC, the financial news source, says that Morgan Stanley has sent out marketing materials and nondisclosure agreements related to the sale of Acushnet, the golf division of Fortune Brands. Among the potential buyers are Nike, Adidas, Callaway, Sumitomo Rubber (the parent company of Cleveland/Srixon) and Mizuno. CNBC ...
