News Briefs – Page 533
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News briefs
McGregor Fashion Group Holding, the Dutch company that owns Gaastra,...
McGregor Fashion Group Holding, the Dutch company that owns Gaastra, has started holding talks with potential investors and buyers for all or parts of its business after it obtained court protection from creditors earlier this month. McGregor acquired a majority share in Gaastra, the nautical brand, in 2000. A spokesman ...
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Running Heroes, a French online platform intended to stimulate running...
Running Heroes, a French online platform intended to stimulate running participation, has raised €2 million from two French investment companies and business angels. The two lead investors are A Plus Finance and BPI France. Launched in May 2014, Running Heroes encourages runners with goodies and rebates offered by partner brands, ...
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News briefs
Coalision, the Montreal-based company that owns the Lolë brand of...
Coalision, the Montreal-based company that owns the Lolë brand of athleisure wear and the Paradox brand of outdoor clothing, has reportedly obtained $21 million in new financing to cover general requirements for working capital, product development and marketing. The move will also help protect the company from currency fluctuations. The ...
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News briefs
Skullcandy may go private. Rick Alden, founder and former chief...
Skullcandy may go private. Rick Alden, founder and former chief executive of the struggling American supplier of headphones, is exploring ways of acquiring the shares that he doesn't presently own. Ptarmagin, a fund controlled by him, owns 12.7 percent of the public company's shares. The stock opened at $20 when ...
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Li Ning has reportedly liquidated its Spanish subsidiary, LN Plus...
Li Ning has reportedly liquidated its Spanish subsidiary, LN Plus Iberomérica, after a settlement of its debts with the outstanding creditors. The bankruptcy proceedings started in 2012. The Spanish brand had entered the market in 2009.
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News briefs
The owners of Alnisa Sport Group have reportedly announced the...
The owners of Alnisa Sport Group have reportedly announced the start of liquidation proceedings, citing the Spanish company's failure to reach an agreement with Under Armour. Alnisa has been Under Armour's distributor for Spain, Portugal and Andorra for about ten years. As reported in our last issue, UA is planning ...
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News briefs
Cybex International, the fitness company recently acquired by Brunswick Corp.,...
Cybex International, the fitness company recently acquired by Brunswick Corp., parent company of Life Fitness, has broken ground on a $23 million expansion of its manufacturing facility in Owatonna, Minnesota. The extension should double the factory's capacity and add 100 jobs to the existing staff of 324 people.
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News briefs
The general meeting of XXL ASA has approved a stock...
The general meeting of XXL ASA has approved a stock repurchase program, allowing the board of directors to raise the share capital in one or more rounds by a total of up to 1.2 million Norwegian kroner (€0.13m-$0.14m) up to June 30, 2017. The authorization may be used to issue shares ...
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News briefs
361 Degrees is offering to buy back 1,430.5 billion yuan...
361 Degrees is offering to buy back 1,430.5 billion yuan renmimbi (€202m-$230m) worth of 7.5% notes issued in September 2014 and maturing on Sept. 12, 2017. The purchase price corresponds to a premium of 3 percent on the value of the notes, listed on the Hong Kong stock exchange. The ...
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News briefs
Implus, the acquisitive U.S. company that owns a raft of...
Implus, the acquisitive U.S. company that owns a raft of sports, outdoor and footwear accessories brands, has snapped up the assets of MCN Solutions in Cape Town, a South African distribution partner for Implus and other sporting goods companies. The move will enable Implus to have its own organization in ...
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News briefs
Polartec has been taking flak over its plans to shut...
Polartec has been taking flak over its plans to shut down its manufacturing plant in Lawrence, Massachusetts, after it filed paperwork disclosing its intentions to start laying off workers. United Here, the trade union that represents most of the workers, wrote an open letter to Rose Marcario, chief executive at ...
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News briefs
Gerald Evans, a 30-year veteran of Hanesbrands who is currently...
Gerald Evans, a 30-year veteran of Hanesbrands who is currently its chief operating officer, will replace Rich Noll, chief executive and executive chairman, on Oct. 1. Among other recent feats, Evans spearheaded the company's development of a low-cost global supply chain and some of its recent acquisitions. Champion Europe was ...
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News briefs
Performance Sports Group (PSG), which owns Bauer, Mission, Easton and...
Performance Sports Group (PSG), which owns Bauer, Mission, Easton and other brands, has appointed Harlan Kent as its new chief executive and as a member of its board of directors, both effective on June 20. Amir Rosenthal, president of PSG, had acted as interim CEO at the sports equipment manufacturer ...
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News briefs
Andreas Stenman has been appointed as the new managing director...
Andreas Stenman has been appointed as the new managing director of the XXL ASA chain in Sweden, with effect from Sept. 1. He will take the place of Marcus Wibergh, who left the fast-expanding Norwegian-based sports retailer in April. Stenman is currently still head of sales at Rusta Sweden. He ...
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News briefs
Odlo recently appointed Phillip Weston as its new general manager...
Odlo recently appointed Phillip Weston as its new general manager for the U.K. and Ireland. Weston was most recently at Esprit, where he served as vice president and head of the U.K., Ireland and Benelux region. In his new role at Odlo, he will manage all aspects of the Odlo ...
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News briefs
Christophe Weissenberger has been appointed chief executive officer in charge...
Christophe Weissenberger has been appointed chief executive officer in charge of marketing and sales at the Uvex Sports Group, an arm of the Uvex Group that sells goggles and glasses with the Uvex and Alpina brands. He will join the company at the end of August and fill the position ...
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News briefs
Reynolds Cycling has hired Alexander Mai as sales and marketing...
Reynolds Cycling has hired Alexander Mai as sales and marketing manager for the Europe, Middle East and Africa (EMEA) region. Prior to joining the Utah-based maker of premium carbon fiber bicycle wheels, Mai spent four years at Lezyne USA as European sales and marketing manager, managing accounts in around 30 ...
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Timo Fleischmann was appointed to the position of international sales...
Timo Fleischmann was appointed to the position of international sales manager at Uhlsport at the beginning of June. He has been working for the German team sports company since 2002, taking responsibility for the sales and product management department of Spalding, a licensed brand. In his new position, Fleischmann reports ...
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News briefs
Chris Licata will take the place of Peter Weaver as...
Chris Licata will take the place of Peter Weaver as chief executive of Tecnica USA when the latter retires on Sept. 6. Licata returned to the winter sports business in 2010, working under Weaver in the Tecnica/Blizzard division, after acting as president and CEO of Blake's All Natural Foods since ...
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News briefs
Antoine Haincourt has been appointed expert associate at the EM...
Antoine Haincourt has been appointed expert associate at the EM Lyon Business School, in charge of its international master's degree course on the sports industry. He takes the place of Pascal Aymar, who has decided to work for another university-level program in the same sector, as we have already reported. ...
