All Corporations articles – Page 107
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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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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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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
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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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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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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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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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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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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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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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
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
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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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
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
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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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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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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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
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 ...
