All Corporations articles – Page 112
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News briefs
Adidas is boosting its plans for the expansion of Adidas...
Adidas is boosting its plans for the expansion of Adidas North America's campus in Portland, Oregon. It will expand it by 425,000 square feet instead of the originally planned 200,000 sqft. extension. Overlooking the Columbus River, the campus currently hosts 1,700 employees squeezed into 365,000 sqft. of office space. It ...
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Ibex, an American brand that was generating annual sales of...
Ibex, an American brand that was generating annual sales of about $20 million from its merino wool performance apparel, has found a new owner for its assets, following an auction launched in January. Ibex is now a property of Flour Fund, a New York-based investment fund led by a marketing ...
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Kevin Plank, founder and chief executive of Under Armour, had...
Kevin Plank, founder and chief executive of Under Armour, had his annual salary cut to $2 million last year from $8.6 million in 2016 because of the company's worse-than-expected performance. He has also given up a stock-based compensation of about $2 million.
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News briefs
WakaWaka, a Dutch producer of portable solar power banks and...
WakaWaka, a Dutch producer of portable solar power banks and solar-powered lights that we have already talked about in our Outdoor Industry Compass, is the first B Corporation to be offering shares through a Dutch financing platform for small and medium enteprises, hoping to raise €2.5 million. B Corporations are ...
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News briefs
Pou Chen Corp. has cancelled a plan to take Pou...
Pou Chen Corp. has cancelled a plan to take Pou Sheng International private in a deal that values the Chinese distribution and retail company at $1.4 billion due to opposition by its shareholders. Under the original plan, Pou Chen's subsidiary, Yue Yuen Industrial (Holdings), would have sold its 62 percent ...
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News briefs
Keola, the Dutch manufacturer of e-bikes, has inaugurated a new...
Keola, the Dutch manufacturer of e-bikes, has inaugurated a new 5,500-square-meter production facility in Roosendaal, in the southern part of the Netherlands, as well as a new sales office and warehouse in Denmark. The new factory in Roosendaal will allow Keola to increase its production tenfold compared with the current ...
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Short stops
Petri Kokko, a former general manager of Nike Finland who...
Petri Kokko, a former general manager of Nike Finland who is now running Google's operations in Germany, has become the 7th member of Amer Sports' board of directors
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News briefs
LVMH is going for sneakers. The world's largest luxury goods...
LVMH is going for sneakers. The world's largest luxury goods company is reportedly eyeing a possible investment in Stadium Goods, an exclusive American online retailer for “authenticated” sneakers that has been collaborating with the likes of Supreme and Off-White, the company founded in 2013 by Virgil Abloh, the 37-year-old designer ...
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Marcato Capital Markets has sold its 8.5% stake in Deckers...
Marcato Capital Markets has sold its 8.5% stake in Deckers Brands following its failure to obtain support for its proxy fight against the current management
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News briefs
Chervò has acquired a 95 percent stake in Chervò USA,...
Chervò has acquired a 95 percent stake in Chervò USA, a sign of the new focus of the Italian golf and sportswear brand on the largest consumer market in the world. The U.S. is also the world's largest golf country, with more than 20 million players. The remaining 5 percent ...
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News briefs
Two shareholders of Billabong International, Rider Capital and Adam Smith...
Two shareholders of Billabong International, Rider Capital and Adam Smith Asset Management, have voiced their opposition to the proposed sale of the company to Boardriders. Together they hold 15.4 percent of the company's shares. Billabong's founder, Gordon Merchant, has already approved the terms of the transaction, but the other shareholders ...
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News briefs
Kathmandu, the New Zealand outdoor brand and retailer, has agreed...
Kathmandu, the New Zealand outdoor brand and retailer, has agreed to take over Oboz Footwear, the U.S. outdoor footwear brand, for $60.0 million in cash and an earn-out of up to $15 million, as a means to expand its footwear and international sales. Established in Montana in 2007, Oboz generates ...
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News briefs
Asics has announced the opening of a new innovation hub...
Asics has announced the opening of a new innovation hub at its headquarters in Barcelona. The new center is to attract and support European start-ups focusing on sports and wellness. The center will concentrate on the development of new products and services with the aim of enhancing the end-user experience. ...
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News briefs
Trerè Innovation, which has lost a contract for the production...
Trerè Innovation, which has lost a contract for the production of X-Bionic garments and X-Socks socks and their distribution in Europe, has found a new client. Replay, the Italian denim brand, has agreed to license its socks and underwear products to the Italian knitter on a global scale, generating annual ...
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News briefs
Moody's has downgraded its rating of Boardriders' $450 million senior...
Moody's has downgraded its rating of Boardriders' $450 million senior secured term loan to a highly speculative level of B3. The loan will allow the parent company of Quiksilver to finance its acquisition of Billabong International and pay down debt. Moody's praised the terms of the deal but said it ...
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Amer Sports' board of directors has decided to transfer a...
Amer Sports' board of directors has decided to transfer a total of 200,071 Amer shares today to the personnel participating in its 2013 and 2016 Performance Share Plans and its 2016 Restricted Stock Plan
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Short stops
Asics America has opened a Creation Studio in Boston...
Asics America has opened a Creation Studio in Boston
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News briefs
X-Technology has announced a long-term partnership with Intersocks for the...
X-Technology has announced a long-term partnership with Intersocks for the production of its technical X-Socks line, effective with deliveries in January 2019, following the termination of its collaboration with Trerè Innovation for the production and sale of that line and the X-Bionic collection of sports garments. As reported in our ...
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News briefs
The proxy fight around Newell Brands is heating up, with...
The proxy fight around Newell Brands is heating up, with Starboard Value nominating two additional directors to a full slate that it is proposing for election at the company's annual meeting. The hedge fund's statement came after the company announced on Feb. 22 a “refreshment” of its board of directors, ...
