All Corporations articles – Page 105
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News briefs
New Balance has announced plans to open an advanced manufacturing...
New Balance has announced plans to open an advanced manufacturing facility in Methuen, Massachusetts. The new plant, which is expected to start operations within the next 12-18 months, will complement the company's existing factory in Lawrence, also in Massachusetts. The new facility will include advanced manufacturing, R&D and 3D printing ...
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Adidas has announced the start of the second tranche of...
Adidas has announced the start of the second tranche of a multi-year share buyback program launched last March. The group plans to repurchase around €800 million worth of its own shares during 2019. It already spent last year €1 billion to buy back 5.1 million shares, corresponding to 2.5 percent ...
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Callaway Golf has completed its €418 million acquisition of Jack...
Callaway Golf has completed its €418 million acquisition of Jack Wolfskin
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Zalando's depressed share price went up by 6.1% following renewed...
Zalando's depressed share price went up by 6.1% following renewed speculation that the Alibaba Group may make a bid for the German-based e-tailer
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A new Spanish firm, Help Snowboards, hit the market in...
A new Spanish firm, Help Snowboards, hit the market in October with a two-pronged strategy. First, it is aiming to keep prices low and quality high by eliminating retail distribution and selling direct to customers, exclusively through its website. Second, to deal with the issue of showrooming, where consumers try ...
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News briefs
Farfetch, the leading internet platform for the luxury goods industry,...
Farfetch, the leading internet platform for the luxury goods industry, has announced a definitive agreement for the acquisition of Stadium Goods, described as the biggest internet marketplace for new and used sneakers and streetwear, for an enterprise value of $250 million, payable in cash and shares. The move is a ...
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News briefs
Sandro Parisotto, president of Calzaturificio Scarpa, his sister Cristina and...
Sandro Parisotto, president of Calzaturificio Scarpa, his sister Cristina and a cousin, Davide Parisotto, have taken over the shares of two other members of the Parisotto family in the Italian maker of ski mountaineering and outdoor shoes. The sellers are two cousins of Sandro, Andrea and Piero Parisotto. The terms ...
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Kontoor Brands is the name given by VF Corp. to...
Kontoor Brands is the name given by VF Corp. to the new jeanswear company that it is spinning off
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News briefs
Adidas has announced the completion of the first tranche of...
Adidas has announced the completion of the first tranche of a share buyback program, saying that it will give a total return to shareholders of more than €1.5 billion in 2018. The company bought back 5.1 million shares, corresponding to 2.5 percent of its equity, between March 22 and Dec. ...
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The Thule Group has acquired Tepui Outdoors, described as a...
The Thule Group has acquired Tepui Outdoors, described as a leader in roof top tents in North America (more in The Outdoor Industry Compass)
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Moody's has assigned a Ba3 credit rating and a speculative...
Moody's has assigned a Ba3 credit rating and a speculative grade liquidity rating of SGL-2 to the proposed $480 million senior secured term loan that Callaway Golf is set to use to finance its acquisition of Jack Wolfskin (see our previous issue). It has also assigned a corporate family rating ...
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Chip Wilson, the wealthy founder of Lululemon, and Tencent Holdings...
Chip Wilson, the wealthy founder of Lululemon, and Tencent Holdings are in discussions to join China's Anta Sports Products in its proposed €4.7 billion bid for Amer Sports, according to Bloomberg. Wilson, who is considered an expert in athleisure, would hold a 20 percent stake in the combined entity, while ...
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News briefs
Sport Zone España has been removed from the Spanish corporate...
Sport Zone España has been removed from the Spanish corporate registry following its merger with JD Sports Fashion and Sprinter in the Iberian Sports Retail Group, in which Sonae, the Portuguese parent of Sport Zone, has a 50 percent stake. JD holds 35 percent of the shares and Sprinter 15 ...
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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 ...
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As expected, the retailers affiliated with Sport 2000 in France...
As expected, the retailers affiliated with Sport 2000 in France approved their acquisition of the 52 percent stake held by Activa Capital in their company at an extraordinary shareholders' meeting on Nov. 22. Supported by bank loans, the retailers will finance the acquisition in different ways, changing the status of ...
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VF Corporation has announced the signing of a 10-year lease...
VF Corporation has announced the signing of a 10-year lease for the remodeled Axtell Soho building in central London, stating that it will become an important business hub for VF and its brands. Located in a vibrant section of the city, close to some of VF's stores in Regent Street, ...
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Michael Jordan, the former NBA player and current owner of...
Michael Jordan, the former NBA player and current owner of the Charlotte Hornets, has joined other investors to raise $26 million in funding for Team Liquid. Founded in 2000, Team Liquid has a roster of more than 60 e-athletes who compete in professional tournaments worldwide in videogames like League of ...
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Brooks Running says it is considering diverting sourcing from China...
Brooks Running says it is considering diverting sourcing from China to Vietnam because of the trade war between the U.S. and China, which could lead to an increase in import duties on running shoes from 20 to 25 percent
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News briefs
Woolrich has announced that it will be closing its ancient...
Woolrich has announced that it will be closing its ancient wool mill in Woolrich, Pennsylvania. The mill dates back to 1845, and is currently the oldest continuously operated mill in the U.S. The fabric manufacturing operations will cease by Jan. 1, affecting up to 40 jobs. The company said that ...
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News briefs
After acquiring the bankrupt House of Fraser chain of department...
After acquiring the bankrupt House of Fraser chain of department stores for £90 million (€101.3m-$115.4m), Sports Direct International has bought the Evans chain of bike shops in the U.K., which recently fell into administration (a form of bankruptcy) for £8 million (€9.0m-$10.3m). SDI will keep about half of Evans' 62 ...
