All Corporations articles – Page 110
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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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News briefs
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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News briefs
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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News briefs
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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News briefs
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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News briefs
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 ...
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Heinz Kettler, the leading German manufacturer of home fitness equipment...
Heinz Kettler, the leading German manufacturer of home fitness equipment and other products, filed for self-managed insolvency in mid-July after the company's foundation declined to endorse a sale of the company to an investment firm, Altera Capital. According to German press reports, the foundation disagrees with certain clauses in the ...
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A group of ten investors has set up a new...
A group of ten investors has set up a new market research consultancy in the U.K., the SMS Sports Consulting Group chaired by Stephen Proctor, founder and president of SMS Marketing Surveys. The investors, who include SMS and other consultants with expertise in golf, tennis, rugby and football, sports tourism, ...
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Schöffel has opened an office in Hanoi, Vietnam, in order...
Schöffel has opened an office in Hanoi, Vietnam, in order to strengthen its relations with production partners in Southeast Asia. Until now, Schöffel's employees were traveling to see them in Vietnam and other countries for a constant exchange of information. The majority of Schöffel's products are made in Vietnam. Through ...
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Bench, the streetwear label founded in Manchester in 1989, has...
Bench, the streetwear label founded in Manchester in 1989, has been sold to an investment company based in Boston, Gordon Brothers. It had recently started insolvency proceedings in the U.K. The new owners want the brand to phase out its German sales subsidiary and to close all its 14 stores ...
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Accell Group has increased its stake in Velosophy from 35...
Accell Group has increased its stake in Velosophy from 35 percent to 100 percent. Velosophy, the owner of Babboe, is a specialist in e-cargo bike solutions for consumers and the business market. The acquisition is meant to increase Accell's involvement with the development of urban mobility solutions, an evolution that ...
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Giant Bicycle has announced an investment of €48 million in...
Giant Bicycle has announced an investment of €48 million in a new factory in Gyöngyös, Hungary. In a first phase, the factory will start producing 300,000 bikes a year in the second half of 2019, focusing on e-bikes, following the new tariff barriers implemented by the European Union for this ...
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News briefs
Nike is raising the salaries of about 7,500 of its...
Nike is raising the salaries of about 7,500 of its 74,000 employees on all levels around the world, starting in August, as reported by The Wall Street Journal. The wage review is intended to solve issues about equal pay and corporate culture. It comes after an analysis of all the ...
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The ANWR Group is starting a pilot crowdfunding project for...
The ANWR Group is starting a pilot crowdfunding project for CN Mailorder, a web store affiliated with Sport 2000 Germany. It asks for contributions of between €250 and €10,000 by individual investors to collect a total of €500,000. In exchange, the investors will get annual interest payments of 4.6 percent ...
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Short stops
Boardriders will move Quiksilver's Australian head office from Torquay in...
Boardriders will move Quiksilver's Australian head office from Torquay in the state of Victoria, to Queensland, but it will keep some operations in the town where the brand was founded in the early ‘70s
