All Corporations articles – Page 116
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News briefs
Amazon is adding a new distribution center equipped with advanced...
Amazon is adding a new distribution center equipped with advanced robotic technology in the Bolton region that will employ 1,200 new people. In Germany, meanwhile, Amazon reportedly suffered delivery problems after strikes crippled six of its German logistics centers in early October. Verdi, a German trade union based in Berlin, ...
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Adidas America plans to expand the capacity of its campus...
Adidas America plans to expand the capacity of its campus in Portland, Oregon in the next three years to accommodate up to 2,800 people, up from a current level of 2,700, says the Oregonian. Mark King, chief executive of Adidas America, also told the newspaper that the Big a wants ...
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Analysts predict that Puma could be sold by Kering next...
Analysts predict that Puma could be sold by Kering next year, allowing the French group to focus more or less entirely on luxury products, according to a Reuters report. Kering bought its majority stake in Puma in 2007 in a deal valuing it at €5.3 billion, but the report says ...
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The highly leveraged Australian-based Surfstitch Group has announced the sale...
The highly leveraged Australian-based Surfstitch Group has announced the sale of Surfdome Shop in the U.K. to Internet Fusion for about £7 million (€7.9m-$9.3m). Internet Fusion owns other European websites including blackleaf.com and extremepie.com. The Surfstich Group was formed in 2014, after Billabong International sold its 51 percent stake in ...
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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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Lacoste has acquired all the assets of the family-owned Basi...
Lacoste has acquired all the assets of the family-owned Basi Group, which has been its Spanish licensee since 1962. The move was described as part of the brand's “premiumization strategy.” The brand has about 100 directly operated stores, franchises, factory outlets and shop-in-shops in the country. In addition to Lacoste, ...
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Marcato Capital Management, the activist investor that has been criticizing...
Marcato Capital Management, the activist investor that has been criticizing the management of Deckers Brands and wants it to sell its assets, has come up with a list of ten new executives that it has nominated for seats on the company's board of directors. The board is up for renewal ...
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Sumitomo Rubber is taking over all the shares it doesn't...
Sumitomo Rubber is taking over all the shares it doesn't own in Dunlop Sport, the Japanese owner of the Dunlop, Srixon, Cleveland Golf and XXIO brands, pulling it from the Tokyo Stock Exchange and forming a new sports division. The product line will be expanded. Sumitomo, which is also a ...
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News briefs
Sky News reports that Endura, a leading British cycling apparel...
Sky News reports that Endura, a leading British cycling apparel supplier, is studying a potential sale after it was approached by several parties that previously attempted to take over the Rapha brand. Rapha was sold last month in a deal that valued the brand at an estimated £200 million (€227m-$269m), ...
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Archroma, a global company specializing in color and specialty chemicals,...
Archroma, a global company specializing in color and specialty chemicals, has announced the acquisition of an additional 26 percent stake in M. Dohmen, an international group specializing in the production of textile dyes and chemicals. The two companies will now operate as partners in serving the textile market, making the ...
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Artemis, the Pinault family's holding company that controls Kering, launched...
Artemis, the Pinault family's holding company that controls Kering, launched a convertible bond offer for €375 million on Sept. 22. Priced at a 35 percent premium over Kering's reference share price, the bonds will bear no interest. They will be redeemed for cash on March 31, 2023, giving the bondholders ...
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Reuters reports that a bank meeting was held at the...
Reuters reports that a bank meeting was held at the head office of Sports Direct International (SDI) earlier this month for lenders, to launch syndication for a loan worth more than £700 million (€796m-$945m). The revolving credit facility will replace an unsecured revolving working capital capacity due to mature in ...
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Canada Goose told investors at a conference sponsored by Goldman...
Canada Goose told investors at a conference sponsored by Goldman Sachs that it has strong potential to improve its profit margins in various ways. It can raise its prices, it may buy up some of its Canadian subcontractors or open new plants to supplement the production of its own six ...
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Lenzing has opened a new fabric and fiber testing center...
Lenzing has opened a new fabric and fiber testing center in Hong Kong. The Austrian cellulosic fiber producer said the Application Innovation Center is intended to bring it closer to its partners along the value chain in Asia, and to bring more quickly its innovations to its customers. The facility ...
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Umbro has “a couple of things in the works that...
Umbro has “a couple of things in the works that are pretty substantial going forward,” said Dave Jones, executive vice president and chief financial officer of Iconix Brand Group, at a recent conference organized by CL King. He said the brand is generating sales of about $700 million a year ...
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Rens van de Schoor, a Dutch entrepreneur who previously re-started...
Rens van de Schoor, a Dutch entrepreneur who previously re-started the Miss Etam and Promiss retail concepts, has established an investment vehicle to take over assets of the Doniger Fashion Group. They include Gaastra, the Dutch nautical brand, along with two fashion brands, McGregor and Adam, which had to be ...
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Nordea Funds has lowered its stake in Rapala VMC from...
Nordea Funds has lowered its stake in Rapala VMC from 11.07% to 9.93%
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Amer Sports has revised its growth target through 2020, prioritizing...
Amer Sports has revised its growth target through 2020, prioritizing sustainable profitable growth. Instead of a minimum mid-single-digit growth rate on an organic and currency-neutral basis, which would have taken its turnover up to €3.5 billion by 2020, it is now simply aiming for mid-single-digit growth. The group said the ...
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Standard Life Aberdeen of Edinburgh and other major independent shareholders...
Standard Life Aberdeen of Edinburgh and other major independent shareholders in Sports Direct International said on Friday that they will vote against the re-election of Keith Hellawell, chairman of the company, and Simon Bentley, one of its directors, at the company's annual meeting scheduled for next Wednesday. They are also ...
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Standard Life Aberdeen of Edinburgh, which is one of the...
Standard Life Aberdeen of Edinburgh, which is one of the major independent shareholders in Sports Direct International, has reached a 5.09% stake in JD Sports Fashion
