All Corporations articles – Page 108
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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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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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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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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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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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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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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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VF Corp. received cash proceeds of $139.4 million from the...
VF Corp. received cash proceeds of $139.4 million from the sale of Reef to the Rockport Group in the third quarter, according to a filing with the U.S. Securities & Exchange Commission. Subject to adjustments, VF is booking an impairment charge of $9.9 million on the transaction. The group acquired ...
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PlumRiver Technologies, the B2B e-commerce software company, has agreed to...
PlumRiver Technologies, the B2B e-commerce software company, has agreed to acquire CenterStone Technologies, a competitor that is well known as the operator of the iVendix B2B platform for wholesale transactions with users in 127 countries. Between them, PlumRiver and CenterStone serve a large number of high-profile clients in the outdoor, ...
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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 ...
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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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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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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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Adidas has opened a new event center and staff restaurant...
Adidas has opened a new event center and staff restaurant at its headquarters in Herzogenaurach. The new building, encompassing 14,000 square meters, is called Halftime. By April 2019, Adidas will also open a new building with workplaces for 2,000 employees, a new car park, meeting spaces and areas for sports ...
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Cherokee, the American licensing firm whose brands include the eponymous...
Cherokee, the American licensing firm whose brands include the eponymous Cherokee, Tony Hawk and Hi-Tec, has filed a registration statement to offer unspecified units of stock, warrants, debt securities and preferred stock and to sell some 2.8 million shares valued at $1.7 million. Short of cash, the firm hopes to ...
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Hyosung, the Korean fiber group, has announced plans to build...
Hyosung, the Korean fiber group, has announced plans to build “smart factories” at five Spandex plants that it operates in China and Vietnam
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Decathlon entered yet another new country, Cambodia, with a store...
Decathlon entered yet another new country, Cambodia, with a store in Phnom Penh this past August. It plans to move for the first time into Egypt next January and Chile in April with stores in Cairo and Santiago. The Cairo store will be supplied from Morocco and the Santiago unit ...
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Joy Sportswear, the German apparel brand that markets the Joy...
Joy Sportswear, the German apparel brand that markets the Joy and Tao brands, has been wholly acquired by Melchers, a German-based trading company. The Federal Cartel Authority still has to approve the takeover. Joy Sportswear currently employs 50 people, who will be kept on staff by the new owner. Though ...
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Le Col, a premium cycling clothing brand, has secured a...
Le Col, a premium cycling clothing brand, has secured a £2.35 million (€2.7m-$3.0m) investment from Puma Private Equity, which is meant to help Le Col undertake international expansion. Puma Private Equity, based in the U.K. and part of Puma Investments, funds small and medium sized enterprises (SMEs) across a variety of ...
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The German Cartel Office is expected to rule on the...
The German Cartel Office is expected to rule on the proposed merger of the Karstadt and Kaufhof department store operations by Nov. 9
