News Briefs – Page 580
-
News briefs
Richard “Dick” Donahue, a former president of Nike, passed away...
Richard “Dick” Donahue, a former president of Nike, passed away on Sept. 15 at the age of 88. A trial lawyer with close links to the Kennedy family, Donahue became a Nike director in 1978 and helped to map out the brand's international forays in the late 'eighties. He became ...
-
News briefs
Adidas France is to transfer its French head office to...
Adidas France is to transfer its French head office to Strasbourg toward the end of 2017, in the new business area of Wacken. It will thus leave the village of Landersheim near Saverne, where it was established in 1973. Despite repeated renovations, the office complex was apparently no longer suitable. ...
-
News briefs
Johnson Health Tech (JHT), the Taiwanese fitness equipment maker that...
Johnson Health Tech (JHT), the Taiwanese fitness equipment maker that owns the Matrix, Vision and Horizon brands, has acquired Stak Fitness, a leading distributor of fitness gear in Canada. It will operate as a separate subsidiary for JHT, with current management and staff. Established in 2004 by Karim Toupin-Chaieb, Stak ...
-
News briefs
Seth Wescott, a 39-year-old American pro snowboard rider who has...
Seth Wescott, a 39-year-old American pro snowboard rider who has collected many medals, has made an unspecified investment in Winterstick Snowboards as the American company plans to set up its first workshop to make customized snowboards. The company will transform an old barn on the western side of Sugarloaf Mountain, ...
-
News briefs
Harbinger, a U.S. supplier of performance strength and fitness accessories,...
Harbinger, a U.S. supplier of performance strength and fitness accessories, has been acquired by Implus, a multi-brand company specializing in athletic, fitness and outdoor products. Established in 1988, Harbinger supplies a wide range of products such as gloves, belts, straps, strength training aids and functional fitness items. Implus, which has ...
-
News briefs
Infront Sports & Media, the Swiss-based sports marketing company, has...
Infront Sports & Media, the Swiss-based sports marketing company, has sealed an agreement to buy and integrate Gsport and Sport09 into Infront Italy. Gsport is one of Italy's leading companies for marketing rights management in national club football, while Sport09 is one of the country's major media agencies for sport. ...
-
News briefs
Life Fitness, a division of Brunswick Corp., has announced a...
Life Fitness, a division of Brunswick Corp., has announced a 50,000-square-foot expansion for its factory in Ramsey, Minnesota, which will bring the surface of the facility to more than 330,000 square feet. The expansion was decided after production at the factory nearly doubled over the last six years. The addition ...
-
News briefs
Goldwin has agreed to buy a 12 percent stake in...
Goldwin has agreed to buy a 12 percent stake in Spiber worth ¥3 billion (€22.2m-$25.0m) to commercialize its synthetic spider-web-like material, which derives from biomass and is therefore eco-friendly. The value of the company is nearly ¥25 billion (€185.4m-$208.7m). Qmonos, the name of the synthetic spider-web-like fiber, derives from the ...
-
News briefs
Signa Holding, the Austrian-base real estate company that controls Karstadt...
Signa Holding, the Austrian-base real estate company that controls Karstadt and Karstadt Sports, has some new shareholders. Textilwirtschaft mentions the Falcon Private Bank of Abu Dhabi with a stake of 24.9 percent and Ernst Tanner, chief executive of Lindt & Sprüngli, with 10 percent of the shares. They take the ...
-
News briefs
Lost International, the American brand of surfboards, skateboards and related...
Lost International, the American brand of surfboards, skateboards and related apparel and accessories launched in 1985, is switching to a licensing model for its sales in the U.S., Europe and many other territories. An investment group based in Chino, California and led by Nick Agakanian will reportedly take care of ...
-
News briefs
Sports Direct International has bought a stake of 18.9 percent...
Sports Direct International has bought a stake of 18.9 percent in Findel, a British multi-channel retailer that owns an online sports retailer, Kitbag, specializing in the sale of replica kits for major football teams. Reportedly, Findel previously refused an offer by Mike Ashley to buy Kitbag alone. It turns out ...
-
News briefs
The Mammut Sports Group has decided to outsource the labor-intensive...
The Mammut Sports Group has decided to outsource the labor-intensive manufacture of its ropes at its facility in Seon by Sept. 1, 2016, but the Swiss company will continue to use the site to design, develop, test and market its ropes. The new contractor is an Austrian family-owned company, Teufelberger. ...
-
News briefs
Gordon Stanley Merchant, founder of Billabong, has purchased 104,131 shares...
Gordon Stanley Merchant, founder of Billabong, has purchased 104,131 shares in the Australian company at a price of 67,570.61 Australian dollars (€42,476.92-$47,495.48). He thus owns 109,036,051 shares in Billabong, giving him a stake of a little over 11 percent. Oaktree Capital Management and Centerbridge Partners are still the largest shareholders, ...
-
News briefs
Andrew Vara, the trustee appointed to oversee the bankruptcy of...
Andrew Vara, the trustee appointed to oversee the bankruptcy of Quiksilver in the U.S., has appointed a committee to represent the company's unsecured creditors in the court hearings due to be held next week. They are Justin Shearer from Global Corporate Trust Services, Baily Dent of New Generation Advisors, Ian ...
-
News briefs
Acushnet, which is the parent company of Titleist and Footjoy,...
Acushnet, which is the parent company of Titleist and Footjoy, is holding discussions with various investment banks in preparation for a possible return to the stock market, according to Bloomberg. The company, which has been performing better than TaylorMade-Adidas Golf and other golf majors in a difficult market, was sold ...
-
News briefs
IC Group raised its equity on Sept. 18 by 485,900...
IC Group raised its equity on Sept. 18 by 485,900 Danish kroner to DKK170,562,470 (€22,861,806-$25,562,392) through an exercise of warrants. The new capital consists of 17,056,247 shares and voting rights. IC Group, which is the parent company of Peak Performance, has also signed a market maker agreement with Danske Bank ...
-
News briefs
Thule Group has inaugurated an expanded global testing center in...
Thule Group has inaugurated an expanded global testing center in Hillerstorp, Sweden. The new lab features a doubling of space - from 600 to 1,200 square meters - and additional tools that enable the testing of all products in Thule's expanding product portfolio, thanks to an additional investment of SEK20 ...
-
News briefs
Creating a new position, Intersport Austria has appointed Jens Kromny...
Creating a new position, Intersport Austria has appointed Jens Kromny as head of own retail. This former manager of Peek & Cloppenburg will take care of the 40 corporate Intersport stores in Austria, the Czech Republic, Slovakia and Hungary. Intersport Austria is a subsidiary of Intersport Germany, which also owns ...
-
News briefs
After divesting several non-core operations, IC Group has shrunk its...
After divesting several non-core operations, IC Group has shrunk its executive board from eight to six members. The former chief financial officer, Rud Trabjerg Pedersen, and the former chief executive of By Malene Birger, Charlotte Egelund, have resigned from their positions. Alexander Martensen-Larsen, 40, will be the group's new CFO, adding ...
-
News briefs
Columbia Sportswear has appointed Richelle T. Luther as senior vice...
Columbia Sportswear has appointed Richelle T. Luther as senior vice president and chief human resources officer. She has been the company's deputy general counsel since 2008. Columbia has also named David M. Brulé as general manager of the company's wholly owned Canadian subsidiary. A former director of Reebok Canada, he ...
