News briefs - Corporate and M&A – Page 66
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News briefs
Skechers reports the opening of its 3,000th store. With a...
Skechers reports the opening of its 3,000th store. With a surface of 3,000 square meters, it is its largest mono-brand store in the world. It is located in the Chinese city of Shenyang. The store has an entertainment area for children and a large assortment of branded clothing to complement ...
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News briefs
Grupo SBF, the Brazilian retail group known mainly for its...
Grupo SBF, the Brazilian retail group known mainly for its chain of 180 Centauro stores, is trying to go public again, while local observers feel that the new government will help stimulate the economy, reducing taxes and opening up borders to imports. The company has announced an initial public offering ...
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News briefs
Descente's central executive committee has rejected a tender offer by...
Descente's central executive committee has rejected a tender offer by its largest shareholder, Itochu, which wanted to acquire an additional 9.56 percent stake in the company. Itochu is already the Japanese company's largest shareholder with a stake of 30.44 percent. Descente argued that Itochu wanted to focus on maximizing short-term ...
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News briefs
An affiliate of Garmin has signed a definitive agreement to...
An affiliate of Garmin has signed a definitive agreement to acquire all outstanding shares of Tacx Onroerend en Roerend Goed B.V., a Dutch company whose trade name is Tacx. The agreement is subject to regulatory approvals and closing conditions but should reach completion in the second quarter of this year. ...
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News briefs
Wolverine Worldwide has announced a 25 percent increase in the...
Wolverine Worldwide has announced a 25 percent increase in the quarterly dividend and a new $400 million share repurchase program for the next four years. It has also disclosed some details of a new credit agreement announced on Dec. 6, which involved a new term loan of $200 million and ...
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News briefs
Skechers India is transitioning to a wholly-owned subsidiary of Skechers...
Skechers India is transitioning to a wholly-owned subsidiary of Skechers USA following the purchase by Skechers USA of a 49 percent stake in its Indian joint venture from Future Group. The financial details of the transaction have not been disclosed. This development is meant to accelerate expansion and to build ...
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News briefs
NBC Sports Group and Rory McIlroy have announced the launch...
NBC Sports Group and Rory McIlroy have announced the launch of Golfpass, a direct-to-consumer subscription program offering a series of opportunities around golf. Paid membership gives access to exclusive content including a podcast hosted by McIlroy himself, training videos and 1,000 hours of library content from classic tournaments and behind-the-scenes ...
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News briefs
In 2020, Crocs will be relocating its headquarters from Niwot...
In 2020, Crocs will be relocating its headquarters from Niwot to Broomfield, another town in the same state of Colorado. This new building, which already stands, is more spacious, at 80,000 square feet, and more conveniently located, near the growing commercial corridor of Route 36, which passes through both Boulder ...
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News briefs
Itochu has made an unsolicited partial tender offer for an...
Itochu has made an unsolicited partial tender offer for an additional stake of 9.56 percent in Descente. If accepted, it would raise its holding in the Japanese group from 30.44 percent to 40.00 percent. Politely, Descente said it was analyzing the offer, but noted that it has been in talks ...
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News briefs
Osprey Packs has completed the acquisition of Osprey Europe, the...
Osprey Packs has completed the acquisition of Osprey Europe, the U.K.-based subsidiary that was set up by Rob Wylie in 2003. The American brand of backpacks has grown a lot in Europe since then, with a presence in more than 30 countries, claiming the leadership in the sector. Wylie has ...
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News briefs
The Austrian-based shareholders of KTC and Mountain Force have created...
The Austrian-based shareholders of KTC and Mountain Force have created a new Swiss entity, KTC Unlimited, to manage the Mountain Force brand as well as Artisan des Montagnes (ADC), a new functional and more outdoor-oriented sister brand launched by Mountain Force last year. KTC's highly sophisticated apparel manufacturing factory in ...
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News briefs
According to a recent report from GlobalData, published by Retail...
According to a recent report from GlobalData, published by Retail Insight, entities controlled by Mike Ashley, the billionaire chief executive of Sports Direct International, now account for 3.2 percent of all non-food retail spending in the U.K. Since founding Sports Direct in 1982, Ashley has purchased one distressed company after ...
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News briefs
Shandong Ruyi Investment Holding, the Chinese textile and apparel group,...
Shandong Ruyi Investment Holding, the Chinese textile and apparel group, has completed the acquisition of Invista's Apparel & Advanced Textiles unit and is making it into an independent subsidiary called The Lycra Company. The entity will continue to produce the chemicals, fibers and textiles for which it is known. Chief ...
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News briefs
Marmot Mountain Europe has moved into new headquarters in Frankfurt....
Marmot Mountain Europe has moved into new headquarters in Frankfurt. The U.S. outdoor brand has concluded an internal restructuring that began with its acquisition by Newell Brands in 2016. The parent company has sought to anchor the brand more firmly in its outdoor and recreation division. Jan Schapmann remains Marmot's ...
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News briefs
A private equity fund, Equinox Partners, has reportedly signed...
A private equity fund, Equinox Partners, has reportedly signed an agreement in principle to acquire a 40 percent stake in Manifattura Valcismon, the Italian family-owned company that owns three important brands of sports apparel: Castelli for cycling, Karpos for hiking and trekking, and Sportful for cycling and Nordic skiing. The ...
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News briefs
Laurent Vanat, the authoritative consultant based in Switzerland, has put...
Laurent Vanat, the authoritative consultant based in Switzerland, has put out a call for crowdfunding of the forthcoming 2019 issue of his International Report on Snow & Mountain Tourism, which is due to be released in April. Contributors of any amount over the technical minimum will be listed in the ...
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News briefs
In order to facilitate its acquisition by Anta Sports Products...
In order to facilitate its acquisition by Anta Sports Products and other investors, Amer Sports amended its statutes at a previously planned extraordinary shareholders meeting on Jan. 23. A clause on a shareholder's obligation to redeem shares was removed. Also, the members of the board of directors will no longer ...
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News briefs
Puma will relocate the personnel currently working at its two...
Puma will relocate the personnel currently working at its two U.S. offices in Boston and Westford, Massachusetts, to a single new headquarters for North America in the same state. The new office will occupy five floors, or about half of a 300,000-square-foot building scheduled for construction in Somerville, just north ...
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News briefs
RTE, a Portuguese bike manufacturer that works only for Decathlon,...
RTE, a Portuguese bike manufacturer that works only for Decathlon, operating the biggest European bicycle assembly plant in Europe, has announced that it will open a bike manufacturing facility in Poland in 2021. The group already makes between 1.2 and 1.4 million units a year for Decathlon in Portugal. The ...
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News briefs
Discovery, the American non-fiction entertainment company and owner of the...
Discovery, the American non-fiction entertainment company and owner of the Discovery Channel, announced on Jan. 8 that it is taking a controlling stake of 71 percent in the Play Sports Group, to create world's top “cycling media ecosystem.” Based in the U.K., Play Sports owns six cycling media channels – ...
