All Corporations articles – Page 105
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News briefs
As part of its ongoing “creating the new” program, the...
As part of its ongoing “creating the new” program, the Adidas Group has completed the final building, called Arena, at its “World of Sports” headquarters in Herzogenaurach, Germany. Resembling a football stadium suspended in the air, the Arena will provide about 2,000 employees with 52,000 square meters of office space ...
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Garmin has completed the acquisition of Tacx Onroerend en Roerend...
Garmin has completed the acquisition of Tacx Onroerend en Roerend Goed. The Dutch company develops and makes indoor bike training software and applications as well as indoor bike trainers, tools and accessories.
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News briefs
The takeover of Amer Sports by the Mascot Bidco consortium...
The takeover of Amer Sports by the Mascot Bidco consortium headed up by Anta Sports Products is making progress. Mascot Bidco has struck a seven-year inter-company financing agreement for €1,236 million involving a term loan of about €921 million for the refinancing of existing debts and a revolving credit facility ...
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Lacoste has announced a plan to expand its current logistics...
Lacoste has announced a plan to expand its current logistics center in Troyes, in north-central France, to make it its future European logistics hub. A new building, called NEW – the acronym for New European Warehouse – will bring the area of the logistics platform up from the current 18,000 ...
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Short stops
Lululemon's board of directors has approved a new stock repurchase...
Lululemon's board of directors has approved a new stock repurchase program for up to $500 million in the open market
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Hype Sports Innovation, the sports-industry incubator, is launching Hype Capital,...
Hype Sports Innovation, the sports-industry incubator, is launching Hype Capital, a $75 million investment fund for sports-industry “unicorns,” or start-ups valued at over $1 billion, especially those with a focus on artificial intelligence, virtual reality and performance analytics. Two veterans of Adidas are taking part in the project. One is ...
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Descente, the Japanese sportswear company, has fended off a hostile...
Descente, the Japanese sportswear company, has fended off a hostile takeover from its largest shareholder, the Japanese conglomerate Itochu. As per a new power-sharing agreement, Descente's board of directors will be reconstituted, with Descente and Itochu each appointing two directors from within their ranks and confirming two independent directors from ...
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News briefs
Skechers reports the opening of its 3,000th store. With a...
Skechers reports the opening of its 3,000th store. With a surface of 3,000 square meters, it is its largest mono-brand store in the world. It is located in the Chinese city of Shenyang. The store has an entertainment area for children and a large assortment of branded clothing to complement ...
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Short stops
Toray has announced that by July 17, its Dutch subsidiary,...
Toray has announced that by July 17, its Dutch subsidiary, TenCate Advanced Composites, will change its name to Toray Advanced Composites
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News briefs
Eurazeo has sold its entire remaining stake of 4.8 percent...
Eurazeo has sold its entire remaining stake of 4.8 percent in Moncler, making a major capital gain with a total price of $445 million for the shares. It had invested €950 million to acquire a 45 percent stake in the Italian company in 2011, prior to its public offering. Meanwhile, ...
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Mike Ashley is doing whatever he can to call all...
Mike Ashley is doing whatever he can to call all the shots at Debenhams, the struggling British department store chain in which Sports Direct International holds a 30 percent stake. He has pledged to relinquish his position as chief executive of SDI and to provide Debenhams with an interest-free loan ...
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News briefs
Amer Sports has announced the sale of Mavic, the brand...
Amer Sports has announced the sale of Mavic, the brand of bicycle components inherited from Salomon, to an American equity company, Regent. The price being paid for Mavic, which represented only about 3 percent of the group's sales, was not disclosed. There was no comment by the group about the ...
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News briefs
JD Sports is among the companies targeted by The Investment...
JD Sports is among the companies targeted by The Investment Association, the trade body that represents U.K. investment managers, for failing to have enough women on their boards. The Investment Association and the Hampton-Alexander Review sent a letter to 69 of the FTSE 350 companies, asking them to outline what ...
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Andy Murray has taken a stake in Castore, the British...
Andy Murray has taken a stake in Castore, the British premium sports and casual menswear brand. The company did not unveil the financial details of Murray's investment. Meanwhile, the 31-year-old tennis player is also becoming the brand's global ambassador. The financial details of the sponsorship deal were not revealed either, ...
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The insatiable Mike Ashley has made an indicative takeover offer...
The insatiable Mike Ashley has made an indicative takeover offer for LK Bennett, according to the Financial Times. This major U.S.-based shoe and apparel retail chain, which is positioned in the upper-middle segment of the market, recently filed for administration, the British equivalent of bankruptcy protection. Acting through Sports Direct ...
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News briefs
Tecnica Group is a winner of a Leonardo Italian Quality...
Tecnica Group is a winner of a Leonardo Italian Quality Prize 2018. The award honors companies for the quality of their products as well as their potential in terms of international and commercial prospects. The Quality Prize and the other Leonardo Prizes are presented every year by the Leonardo Committee ...
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Skechers India is transitioning to a wholly-owned subsidiary of Skechers...
Skechers India is transitioning to a wholly-owned subsidiary of Skechers USA following the purchase by Skechers USA of a 49 percent stake in its Indian joint venture from Future Group. The financial details of the transaction have not been disclosed. This development is meant to accelerate expansion and to build ...
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News briefs
In 2020, Crocs will be relocating its headquarters from Niwot...
In 2020, Crocs will be relocating its headquarters from Niwot to Broomfield, another town in the same state of Colorado. This new building, which already stands, is more spacious, at 80,000 square feet, and more conveniently located, near the growing commercial corridor of Route 36, which passes through both Boulder ...
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News briefs
Wolverine Worldwide has announced a 25 percent increase in the...
Wolverine Worldwide has announced a 25 percent increase in the quarterly dividend and a new $400 million share repurchase program for the next four years. It has also disclosed some details of a new credit agreement announced on Dec. 6, which involved a new term loan of $200 million and ...
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News briefs
An affiliate of Garmin has signed a definitive agreement to...
An affiliate of Garmin has signed a definitive agreement to acquire all outstanding shares of Tacx Onroerend en Roerend Goed B.V., a Dutch company whose trade name is Tacx. The agreement is subject to regulatory approvals and closing conditions but should reach completion in the second quarter of this year. ...
