All Corporations articles – Page 115
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News briefs
Bruno Sälzer, supervisory board chairman at Amer Sports, has told...
Bruno Sälzer, supervisory board chairman at Amer Sports, has told Handelsblatt that the Finnish group wants to grow through organic expansion as well as acquisitions, for which it has “a few hundred million” euro at its disposal. The company owns 12 brands, and its latest acquisition was Armada, the U.S. ...
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News briefs
Conte of Florence, the Italian brand of golf clothing, has...
Conte of Florence, the Italian brand of golf clothing, has reportedly gone again into bankruptcy proceedings after a year in which it had a loss of €3 million on sales of €28.4 million. Creditors are being offered a settlement on the basis of 20 percent of the outstanding debt. The ...
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News briefs
Sportamore, the Swedish online sporting goods retailer, has switched to...
Sportamore, the Swedish online sporting goods retailer, has switched to a new warehouse, but the move did not quite go as planned. The start of the project was delayed by one month, causing about 35 percent of the range offered on its website not to be available for shipment. As ...
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News briefs
Insolvency proceedings were opened on Oct. 13 in Venice for...
Insolvency proceedings were opened on Oct. 13 in Venice for MCS Cavaliere, formerly Marlboro Classics, and Industries Sportswear Company, owner of the Marina Yachting and Henry Cotton's brands. In 2013, shortly before going public, Moncler had sold Industries Sportswear to Emerisque Brands, a private equity firm set up in 2004 ...
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News briefs
WiggleCRC has announced the acquisition of Bike24, a German online...
WiggleCRC has announced the acquisition of Bike24, a German online cycling retailer. According to The Sunday Times, who first reported the news, the deal is worth around £100 million (€112.6m-$131.7m). Bike24 will continue to trade as a separate business within the group. Bike24 posted revenues of €84.5 million in 2016. ...
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News briefs
Peter Aschauer is selling a controlling stake in his 30-year-old...
Peter Aschauer is selling a controlling stake in his 30-year-old avalanche airbag company, ABS Peter Aschauer, to Spin Capital. The Munich-based investment company will take over operative responsibility but will continue to work with Aschauer on a partnership basis. Stefan Mohr, chief executive of Spin, which is an abbreviation for ...
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News briefs
Sports Direct International (SDI) is buying additional shares in Debenhams,...
Sports Direct International (SDI) is buying additional shares in Debenhams, the British department store chain, paying 43 percent more than they were worth last Friday, according to The Financial Times. The acquisition is said to be based on options contracts signed through Goldman Sachs in 2015, which will force SDI ...
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News briefs
Salomon is extending its design center in Annecy with the...
Salomon is extending its design center in Annecy with the purchase of a 1,760-square-meter administrative building adjoining its headquarters in the French alpine city, where it stopped its manufacturing activities many years ago. The management said the investment represents a great opportunity for expansion as it prepares its development plans ...
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News briefs
Woolrich has announced a new partnership with Goldwin, a Japanese...
Woolrich has announced a new partnership with Goldwin, a Japanese firm specializing in the manufacturing and sale of sporting apparel, which will result in a new Goldwin premium outdoor collection. The first men's line will be on offer in autumn 2018 in North America, Europe and Asia. Goldwin has acquired ...
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News briefs
The concentration of European outdoor retailing is continuing apace with...
The concentration of European outdoor retailing is continuing apace with the acquisition of Friluftsland, one of the leading Danish outdoor retailers, by the owner of Globetrotter in Germany, Naturkompaniet in Sweden and Partioaitta in Finland. Just a few weeks after the A.S. Adventure Group bought McTrek in Germany, the Fenix ...
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News briefs
Mike Ashley has put the Newcastle football club up for...
Mike Ashley has put the Newcastle football club up for sale for the third time. He already failed to find a buyer back in 2008, after placing some of his shares in Sports Direct on the London Stock Exchange, and again in 2009. To facilitate the sale and encourage investments, ...
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News briefs
Zanier, the Austrian glove manufacturer, completed its move from Lienz...
Zanier, the Austrian glove manufacturer, completed its move from Lienz to Innsbruck just in time for the start of the 2018 ski season. To showcase its patented heating technology, Zanier opened a showroom in Innsbruck in 2016. The administration, accounting and management functions are now housed in the 200-square-meter location. ...
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News briefs
A factory of BH Bikes in Aveiro, between Porto and...
A factory of BH Bikes in Aveiro, between Porto and Lisbon, has been involved in the wave of fires that have recently shaken the north of Portugal. The fire broke out in the facility during the night between Oct. 16 and 17. BH Bikes uses that factory for the assembly ...
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News briefs
Naffta Sport, a Spanish brand of swimwear and other sports...
Naffta Sport, a Spanish brand of swimwear and other sports garments, has decided to go into liquidation. The company had gone into insolvency last May with debts of €5 million. Giving the news, CMD Sport recalls that the company had already run into financial problems in 2009. It came out ...
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News briefs
Confirming a report in our previous issue, Footasylum, the British...
Confirming a report in our previous issue, Footasylum, the British chain of sports and lifestyle stores created by the founders of JD Sports, is going public on the Alternative Investment Market (AIM) London Stock Exchange on Nov. 2 at a price of £1.64 per share, giving it an initial valuation ...
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Short stops
The Doninger Fashion Group has decided to shut the operations...
The Doninger Fashion Group has decided to shut the operations of Gaastra and McGregor
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Short stops
The Adidas Group has closed the €425 million sale of...
The Adidas Group has closed the €425 million sale of TaylorMade, Adams Golf and Ashworth to KPS Capital Partners
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Short stops
Kettler is looking for a strategic investor, according to SAZ...
Kettler is looking for a strategic investor, according to SAZ
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News briefs
An investor group led by Victor Capital Partners has acquired...
An investor group led by Victor Capital Partners has acquired Primaloft from the Prudential Capital Group. Victor Capital teamed up with the Allstate private equity group and the management team of Primaloft for the buyout. Madison Capital, Antares and Intermediate Capital Group provided financing. Primaloft said the acquisition will provide ...
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News briefs
Mercator, the activist minority shareholder in Deckers Brands, has laid...
Mercator, the activist minority shareholder in Deckers Brands, has laid out its proposals for a detailed restructuring plan that calls for the sale of all its assets except for Ugg, arguing that it would quadruple the company's earnings per share by 2021. It would also raise the return on invested ...
