News Briefs – Page 582
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News briefs
Transa Backpacking has a new shareholding structure as Beat Stünzi,...
Transa Backpacking has a new shareholding structure as Beat Stünzi, founder and majority shareholder of the leading Swiss outdoor retailer, decided to partly pull out, due to his age. The new majority shareholder is International Retail Corporation (IRC), a vehicle controlled by Beat Zaugg, chief executive and minority shareholder in ...
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New Balance has moved into a new corporate head office...
New Balance has moved into a new corporate head office at the northwestern edge of Boston, close to the old one. About 700 New Balance employees occupy the new 250,000-square-foot building, which is part of the new Boston Landing development project financed by the Davis family, owner of New Balance. ...
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Hero Cycles, the major Indian bicycle producer, has acquired control...
Hero Cycles, the major Indian bicycle producer, has acquired control of Avocet Sports, a major distributor of cycling products based in Manchester, U.K. In its attempt to enter the European market, Hero started two years talks for the takeover of Mifa, the financially stricken German bike producer, but they failed. ...
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Shimano Europe has unveiled plans to open an “Experience Center”...
Shimano Europe has unveiled plans to open an “Experience Center” in the Netherlands in the spring of 2017. The center will be built in Valkenburg, in the southern part of the country, on the site of a former brewery. The activities offered by the park will focus on cycling, fishing ...
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Alibaba Group Holding has established a new Alibaba Sports Group...
Alibaba Group Holding has established a new Alibaba Sports Group together with Sina Corporation and Yunfeng Capital. The idea is to leverage Alibaba's large e-commerce footprint in China with Sina's media resources to create an integrated, internet-based sports platform for the benefit of the sports industry, sports teams, sports fans ...
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News briefs
Nike has a new $2.0 billion revolving credit facility with...
Nike has a new $2.0 billion revolving credit facility with Bank of America, Citibank, Deutsche Bank and HSBC. Replacing a $1.0 billion line of credit, it matures in July 2020, with option for a two-year extension. At the end of the last quarter, Nike had cash and short-term investments worth ...
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News briefs
The share capital of IC Group, parent company of Peak...
The share capital of IC Group, parent company of Peak Performance, has been raised by 0.3 percent to 170,562,470 Danish kroner (€22.9m-$26.1m) through the exercise of warrants under two different programs that priced the new shares at DKK 136.00 and DKK 166.80, respectively. IC Group has derived gross proceeds of ...
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News briefs
Assos of Switzerland, the well-known maker of bikewear from Lugano,...
Assos of Switzerland, the well-known maker of bikewear from Lugano, has changed ownership. The founding Maier family has sold its shares to a pool of investors led by Phil Duff, the former chief executive of Black Diamond, the U.S. brand of outdoor and snow sports equipment. Duff will reportedly take ...
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Thule Group has signed an agreement to sell its snow...
Thule Group has signed an agreement to sell its snow chain business to an Austrian-based company, Schneeketten. The divestment will allow Thule to focus more on its core outdoor and bags segment. Its snow chain division posted sales of 136 million Swedish kronor (€14.6m-$16.5m) in 2014. Its staff of 145 ...
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News briefs
Global Surf Industries (GSI) is now entirely owned by its...
Global Surf Industries (GSI) is now entirely owned by its founder Mark Kelly, according to reports in the Boardsport Source news service. Kelly started the company in 2002. Since then, GSI has evolved into one of the largest surfboard and stand-up paddleboard companies in the world, with domestic operations in ...
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News briefs
Suunto, a subsidiary of Amer Sports, has opened a new...
Suunto, a subsidiary of Amer Sports, has opened a new Mobile Competence Center in Tampere, Finland. The facility, which was inaugurated on Aug. 10, is focused on the development of digital services and native applications for both iOS and Android. Suunto said it decided to start the center because of ...
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Jussi Mikkola of Finland has been confirmed as the chairman...
Jussi Mikkola of Finland has been confirmed as the chairman of Intersport International Corp. (IIC) for at least one year, replacing Klaus Jost who resigned a few months ago following his departure from Intersport Germany. The annual meeting of the organization, which was held in Sweden, also elected Steve Evers, ...
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Adidas hired Egon Zehnder last February to head-hunt a new...
Adidas hired Egon Zehnder last February to head-hunt a new chief executive to take over the place of Herbert Hainer after his present contract expires in March 2017, according to Bloomberg. The 61-year-old Hainer has been running the group since 2001. Bloomberg quoted a couple of institutional shareholders of Adidas ...
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Michael Millenacker has returned to Royal Robbins as its new...
Michael Millenacker has returned to Royal Robbins as its new chief executive, starting immediately and replacing Bob Orlando. He will also serve on the board directors of BRS Outdoor Holdings, owner of Royal Robbins, which is looking at new acquisitions (more on this and on the company in the next ...
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News briefs
Jeff Lasher, who has been chief financial officer of Crocs...
Jeff Lasher, who has been chief financial officer of Crocs since 2011, is leaving the company in early November to occupy a similar position at West Marine. Mike Smith, a former executive of Collective Brands and Wolverine Worldwide who joined Crocs earlier this year as senior vice president of finance, ...
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News briefs
Dorel Sports has appointed Russell Merry to the role of...
Dorel Sports has appointed Russell Merry to the role of senior vice president and general manager of North America and the U.K. for Cycling Sports Group (CSG), which sells Cannondale and other bike brands to independent bicycle dealers (IBDs). He will report directly to Peter Woods, president and chief executive ...
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News briefs
Pon Holdings, the owner of Gazelle, Derby Cycle and other...
Pon Holdings, the owner of Gazelle, Derby Cycle and other brands, has announced changes at the head of Pon Bicycle Group. Armin Landgraf is the new chief executive, replacing the retiring Rob Oudshoorn, who has led Pon Bicycle Group since Jan. 1, 2013 and has been a member of the ...
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Precor, part of Amer Sports, and Mad Dogg Athletics, the...
Precor, part of Amer Sports, and Mad Dogg Athletics, the creators of the spinning indoor cycling program and Spinner line of bikes, have announced an exclusive worldwide distribution agreement under which Precor will assume all commercial Spinner bike production for a brand-new range of Spinner indoor cycling equipment. The financial terms ...
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News briefs
Runners Point, the German retail chain owned by Foot Locker,...
Runners Point, the German retail chain owned by Foot Locker, has moved into the Austrian market with its new, more specialist format, which focuses on running, to the detriment of brands such as Timberland or Vans. Runners Point has opened its first two stores in Austria, located in the SCS ...
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Foot Locker has opened a big flagship store in Madrid....
Foot Locker has opened a big flagship store in Madrid. Located at 6 Calle de Preciados, it stretches over 1,500 square meters on three floors. It offers more apparel than Foot Locker's 49 other stores in Spain. It houses a House of Hoops and two dedicated areas for Nike Sportswear. ...
