All Corporations articles – Page 104
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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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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
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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Short stops
Rihanna, the pop star who was recently named creative director...
Rihanna, the pop star who was recently named creative director at Puma, is said to be planning to open a fashion house under her name, in collaboration with the LVMH luxury group
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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
Trerè Innovation, a big Italian knitwear manufacturer that works with...
Trerè Innovation, a big Italian knitwear manufacturer that works with Armani and Rossignol, is building a new research center at its headquarters in Asola. Called Areas – an acronym for Academy Research and Engineering for Apparel in Sports – the center is the result of a partnership with CeRiSM, the ...
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News briefs
Skechers USA has begun to expand its headquarters in California....
Skechers USA has begun to expand its headquarters in California. The project, overseen by David Forbes Hibbert of DFH Architects, will feature a design center of 100,000 square feet, add new executive offices along the Pacific Coast Highway in Hermosa Beach, double the offices, design studios and showrooms in the ...
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Ciesse Piumini was back at Pitti Immagine Uomo in Florence...
Ciesse Piumini was back at Pitti Immagine Uomo in Florence in January, after a ten-year absence from the trade show. The brand presented a capsule collection which takes inspiration from the 1980s' fashion trends. The Italian brand has plans to considerably expand its exports, currently accounting for only 10 percent ...
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Short stops
Mike Ashley, the insatiable controlling shareholder of Sports Direct International,...
Mike Ashley, the insatiable controlling shareholder of Sports Direct International, is said to have made an offer for the acquisition of HMV, a financially weak chain of 125 music stores in the U.K.
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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 – ...
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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
Foot Locker has invested $2 million in Pensole Inc., which...
Foot Locker has invested $2 million in Pensole Inc., which runs the Pensole Footwear Design Academy. Founded in 2010 by D'Wayne Edwards, former director of design at Nike's Jordan Brand, Pensole offers prospective footwear designers free tuition and a learn-by-doing curriculum. Some 400 alumni are currently at work in the ...
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News briefs
Edwin Haid and Quirin Kammerer have acquired 100 percent of Pro-X-Elements,...
Edwin Haid and Quirin Kammerer have acquired 100 percent of Pro-X-Elements, the manufacturer of outdoor apparel. The previous owner, Matthias Cramer, sold all of his shares to the new shareholders on Dec. 1, 2018. Haid and Kammerer will manage the company together as managing partners. As former executives at Jeantex, a ...
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News briefs
Polygiene is planning to open a new subsidiary in Hong...
Polygiene is planning to open a new subsidiary in Hong Kong. The Swedish odor-control specialist said the move is aimed at further strengthening its presence in Asia, which it considers an important market both for now and the future.
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News briefs
Badger Sport has suspended orders at one of its Chinese...
Badger Sport has suspended orders at one of its Chinese suppliers following media reports that garments were being made with forced labor from people detained in Xinjiang's internment camps. Badger, based in Statesville, North Carolina, provides sports apparel to wholesalers and sports teams across the U.S. An investigative report by ...
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News briefs
Under Armour wants to remain committed to its original identity...
Under Armour wants to remain committed to its original identity as a performance brand, in the midst of the athleisure trend that has been characterizing the sportswear market over the last few years. In an interview with the Financial Times, Kevin Plank, the company's founder and chief executive, said that ...
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News briefs
A consortium of investors led by Anta Sports Products, China's...
A consortium of investors led by Anta Sports Products, China's largest sporting goods company, commenced a public cash tender offer for all the shares of Amer Sports on Dec. 20, following the approval of their bid by Amer's board of directors and. unanimously recommending that its shareholders should accept the ...
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News briefs
Newell Brands has announced the completion of the divestiture of...
Newell Brands has announced the completion of the divestiture of Pure Fishing to Sycamore Partners and of Jostens to Platinum Equity. The total expected net proceeds of $2.5 billion after taxes will be used to pay down debt and buy back shares. The remaining assets include the Coleman Group and ...
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News briefs
Confirming a report in Angling International, the JD Sports Fashion...
Confirming a report in Angling International, the JD Sports Fashion group said it is taking over Fishing Republic, a chain of 14 fishing tackle stores in the U.K. The management pointed out, however, that the group has only acquired the trade and assets from the administrators of the chain, which ...
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News briefs
Crocs has agreed to repurchase the preferred convertible shares of...
Crocs has agreed to repurchase the preferred convertible shares of Blackstone Capital Partners, which had acquired them in 2014 as part of a $200 million investment in the company. Crocs will buy back half of the preferred shares at $26.64 each for a total of $183.7 million. The other half ...
