News briefs - Corporate and M&A – Page 83
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News briefs
Carve Designs, a California-based producer of women's swimwear, beachwear, surfwear...
Carve Designs, a California-based producer of women's swimwear, beachwear, surfwear and beach-inspired apparel, has received a significant, unspecified investment from Warren B. Kanders, the executive chairman of Black Diamond. He also chairs Mountain Khakis and Safariland. Thayler Sylvester and Jennifer Hinton, who founded Carve Designs in 2003, will continue to ...
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News briefs
Moncler, one of the stars on the Milan stock exchange,...
Moncler, one of the stars on the Milan stock exchange, lost 2 percent of its value, going down to €15.28 a share, after analysts heard that its major shareholder, Eurazeo, divested 6 percent of the company's equity for €230 million. The investment fund's stake in Moncler has thus declined to ...
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News briefs
361 Degrees announced that it has no outstanding notes in...
361 Degrees announced that it has no outstanding notes in issue, following the early redemption of all senior 7.5 percent notes that were due in 2017. The last batch of notes, worth a total of 306,920,000 yuan renmimbi (€41.36m-$45.71m) was redeemed in full on Oct. 5. All the notes have ...
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News briefs
Nike will begin construction in mid-2017 of a sixth building...
Nike will begin construction in mid-2017 of a sixth building at its world headquarters in Beaverton, Oregon, adding about 360,000 square feet of office space and 330,000 square feet for parking to its campus. As for other buildings under development, it will aim for LEED Platinum Certification as part of ...
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News briefs
The Times of India reports that Nike is shutting down...
The Times of India reports that Nike is shutting down 35 percent of its stores in India, as it strives to cut its losses in the country. The newspaper adds that the brand currently has about 200 mono-brand stores left in the country and is sharply reducing the number of ...
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News briefs
Vista Outdoor, the U.S. company that has been expanding through...
Vista Outdoor, the U.S. company that has been expanding through the acquisition of Camelbak and other brands, has agreed to pay $74 million to further widen its offering with the purchase of Camp Chef, an American supplier of outdoor cooking gear. The purchase price being paid for the privately-owned company ...
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News briefs
Four Marketing, an international premium fashion agency that holds the...
Four Marketing, an international premium fashion agency that holds the rights to represent over 30 brands through their flagship and online stores, has announced the acquisition of two brands of outerwear, Penfield and Cape Heights, from their chief executive and creative director, James Barshall. Founded in Hudson, Massachusetts in 1975, ...
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News briefs
Shimano Europe will implement a new pricing strategy from next...
Shimano Europe will implement a new pricing strategy from next year, which aims to harmonize pricing between its own sales offices in Europe and to switch from a volume-driven to a value-based pricing strategy. While Shimano's customers previously obtained discounts based on the size of their orders, the new pricing ...
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News briefs
Wolverine Worldwide completed a debt refinancing program on Sept. 15,...
Wolverine Worldwide completed a debt refinancing program on Sept. 15, allowing the company to save about $30 million worth of interest payments through 2020 and giving it more flexibility in the use of cash. It will also make it easier to repurchase company shares under a recently announced $300 million ...
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News briefs
VF Corp. has issued Eurobonds worth a total of €850...
VF Corp. has issued Eurobonds worth a total of €850 million. The proceeds from the senior unsecured notes, which carry annual interest of 0.625 percent, will be used for working capital requirements and general corporate purposes. They will provide a natural currency hedge for operations in Europe.
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News briefs
Vibram has announced has celebrated its centennial anniversary of manufacturing...
Vibram has announced has celebrated its centennial anniversary of manufacturing in the U.S. The milestone celebration, which was open to the public, took place on Sep. 16, at its Quabaug Vibram Innovation (QVI) plant in North Brookfield, in central Massachusetts. The company said 2016 will not only celebrate the past, ...
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News briefs
IC Group reported a few days ago that one of...
IC Group reported a few days ago that one of its shareholders, ATP, has reduced its stake in the company to 7.15 percent. The company, which owns Peak Performance, later announced that its share capital has been increased by 0.2 percent because of an exercise of warrants. The exercise price ...
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News briefs
Moncler's were the best-performing stock in Milan's FTSE MIB -...
Moncler's were the best-performing stock in Milan's FTSE MIB - the index of the 40 most-traded stock classes on the exchange - on Sept. 15, with a 3.8 percent gain, following rumors of a possible investment in the Italian luxury clothing brand by Fosun International. Fosun, founded in 1992 by ...
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News briefs
Matt, a Spanish brand of gloves, headbands, caps, hats, scarves...
Matt, a Spanish brand of gloves, headbands, caps, hats, scarves and other accessories for winter and outdoor sports, has been acquired by Excens, a Spanish group involved in sports and logistics. Synergies are expected with two of its brands, TRS Motorcyles and Hebolution Parts (or just Hebo), which stand for ...
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News briefs
Pearl Izumi, the cycling apparel and footwear brand that belongs...
Pearl Izumi, the cycling apparel and footwear brand that belongs to the Shimano group, has decided to pull out of the running category and instead focus on cycling. The exit from the running business, which makes up just over 10 percent of Pearl Izumi's turnover, is effective from January 2017. ...
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News briefs
Callaway Golf has announced the acquisition of Toulon Design, a...
Callaway Golf has announced the acquisition of Toulon Design, a California-based milled putter company specializing in performance-driven design and customization. The terms of the agreement were not disclosed. Sean Toulon, the company's co-founder, will join Callaway as senior vice president of Callaway Golf and general manager of the Odyssey brand.
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News briefs
Skullcandy's board of directors has finally accepted a takeover bid...
Skullcandy's board of directors has finally accepted a takeover bid by Mill Road Capital that values the headphone company at $196.6 million. The deal is expected to close next month. The other bidder, Incipio, declined to make a better offer. It will leave the table with a break-up fee of ...
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News briefs
An indirectly owned subsidiary of 361°, Sanliuyidu Xiamen, has acquired...
An indirectly owned subsidiary of 361°, Sanliuyidu Xiamen, has acquired 80 percent of the shares in the e-commerce service provider of the Chinese brand for RMB 880,000 (€117,230-$131,428). The contract between the two parties was going to end, and 361° said the takeover was the most expedient way of changing ...
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News briefs
Newell Brands is aiming to sell or even shut down...
Newell Brands is aiming to sell or even shut down businesses totaling sales of $250 to 300 million by the end of this year, said its management, giving some indications that Coleman will not be part of the package. It wants to retain brands and geographies that offer the strongest ...
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News briefs
Ocean freight containers are reportedly sitting unattended at ports in...
Ocean freight containers are reportedly sitting unattended at ports in the U.S. and Europe as one of the world's major freight forwarders, Hanjin Shipping of South Korea, has filed for insolvency. Hanjin has also filed for bankruptcy protection from creditors in a U.S. The company has liabilities equivalent to $6.0 ...
