All Corporations articles – Page 108
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Rome Snowboards, an iconic brand based in Vermont, has been...
Rome Snowboards, an iconic brand based in Vermont, has been acquired by in Low Pressure Studio (LPS), a Dutch-based company that owns three other brands of snowboards: Batalcon, Lobster, Switchback. The deal follows the recent acquisition by Nidecker of a majority stake in LPS. The Swiss group led by the ...
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Newell Brands is expected to complete the sale of Pure...
Newell Brands is expected to complete the sale of Pure Fishing within a month, said Angling International a few days ago, without mentioning the final candidate to the acquisition. Meanwhile, Newell announced its intention to retire about $1 billion in debt by using the proceeds of its most recent divestitures, ...
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Hestra has opened a new factory in Hai Phong, Vietnam....
Hestra has opened a new factory in Hai Phong, Vietnam. The factory will complement the manufacturing units already operated by the Swedish sports glove manufacturer in Hungary and China. The new Vietnamese factory is meant to respond to a high volume of orders. The company has invested 32 million Swedish ...
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Swix Sport's warehouse just north of the Norwegian town of...
Swix Sport's warehouse just north of the Norwegian town of Lillehammer is only two years old, but it is being expanded by an additional 5,100 square meters. Construction is scheduled for completion by the summer 2019. The new warehouse will be fully automated as the result of an investment of ...
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Short stops
Puma has leased 29,000 square feet of space at 5...
Puma has leased 29,000 square feet of space at 5 Penn Plaza in New York City for the new location of its local office
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Short stops
Equistone Partners Europe is negotiating the possible acquisition of the...
Equistone Partners Europe is negotiating the possible acquisition of the Courir chain of athletic footwear stores from the French Go Sport Group, according to a French magazine, Challenges
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Adidas placed a series of equity-neutral convertible bonds worth a...
Adidas placed a series of equity-neutral convertible bonds worth a total of €500 million on Sept. 5. The transaction was 2.7 times oversubscribed. The convertible bonds mature in five years with a coupon of 0.05 percent. The issue price was set at 104 percent of the nominal value of €200,000 ...
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Descente and Wacoal have announced an alliance aimed at strengthening...
Descente and Wacoal have announced an alliance aimed at strengthening both companies' domestic and international growth, benefiting from their expertise in sportswear and fashion, respectively. The two Japanese companies will work on new opportunities in the athleisure market as well as new brand concepts. The alliance envisages collaboration around compression ...
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Netshoes, the loss-making e-tailer of sporting goods based in Brazil...
Netshoes, the loss-making e-tailer of sporting goods based in Brazil (see our previous issue), has asked Goldman Sachs to help it find a new investor as its net cash position has fallen to €19 million and its current main owners, Tiger Management Corp. of the U.S. and Singapore's GIC Fund, ...
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Cherokee Brands, the owner of the Hi-Tec Sports brand, has...
Cherokee Brands, the owner of the Hi-Tec Sports brand, has signed a new three-year financing agreement for $40 million with Gordon Brother Finance. Giving the company a much-needed cash infusion of $5.5 million, Cherokee has also increased the subordinated interest in its former credit facility by $2.0 million to $13.5 ...
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Decathlon made a successful test of a new logistic system...
Decathlon made a successful test of a new logistic system using a river boat in July, complementing its tests on a railroad link with its production sites in China, which began last November. A train carried 36 Decathlon containers from the Chinese province of Wuhan to Duisburg in Germany, where ...
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Vista Outdoor's management indicated that it will likely sell its...
Vista Outdoor's management indicated that it will likely sell its Savage brand of firearms before the planned divestiture of its sports protection unit, which includes Giro, Bell and Blackburn. As previously reported, it has already signed an agreement for the sale of Bollé, Cébé and Serengeti to an investment fund, ...
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Glorify Unbreakable signed up its 1,000th “business rebel” in early...
Glorify Unbreakable signed up its 1,000th “business rebel” in early June as part of a crowd-funding campaign to help launch the Austrian sports and outdoor eyewear more deeply into the international market. Through the campaign, which kicked off in September 2017, the company's inventor and business owner, Christian Egger, was ...
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Cab9 Eyewear, a French company formed by a team of...
Cab9 Eyewear, a French company formed by a team of snowboard instructors, has raised a total of €10,649 from 167 contributors through Kickstarter to fund the production of its new action sports sunglass, called the Edge. Based in the French alpine ski resort of Méribel, Cab9 has been turning out ...
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The Accell Group has launched a German entity, Accell Bike...
The Accell Group has launched a German entity, Accell Bike Parts, which will drive the international expansion of the XLC brand of parts and accessories, Bike Europe reports. Accell Bike Parts will be part of the Winora Group, which is a German subsidiary of the Dutch-based group. Accell has formed ...
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Adidas and Ikea have initiated a strategic collaboration to learn...
Adidas and Ikea have initiated a strategic collaboration to learn more about people's interests in terms of active lifestyles and training, in order to possibly connect them with different housing solutions. In a press release, Ikea says that the two companies want to encourage people to choose good living patterns ...
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An American investment company, Charlesbank Capital Partners, has been allowed...
An American investment company, Charlesbank Capital Partners, has been allowed by a bankruptcy court to take over the Rockport Group through an affiliate, including the Aravon and Dunham brands that previously belonged to New Balance. The deal was made possible after the settlement of claims made by the Adidas Group, ...
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Columbia Sportswear's board of directors has authorized the company to...
Columbia Sportswear's board of directors has authorized the company to spend an additional $200 million on the repurchase of its own shares. Since 2014, Columbia has purchased back 3.4 million shares at an average price of $56 per share, equivalent to $190.4 million. Since the beginning of this year, it ...
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Nike is moving its German office from Frankfurt to Berlin,...
Nike is moving its German office from Frankfurt to Berlin, according to Handelsblatt. Located in the so-called Bikini building on Breitscheidplatz, it would combine existing operations in the German capital including a showroom in Schöneberg. Berlin is one of the 12 key cities in the world where it wants to ...
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As a first step in its divestiture plan, last month...
As a first step in its divestiture plan, last month Vista Outdoor sold its Bollé, Cébé and Serengeti brands of sunglasses to Antelope Brands Bidco, an entity affiliated with an American private equity fund, A&M Capital Partners, which recently opened a branch in London. The transaction was closed for $158 ...
