All Corporations articles – Page 117
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Short stops
Adidas has completed the sale its CCM Hockey business to...
Adidas has completed the sale its CCM Hockey business to Birch Hill Equity Partners
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A.S. Adventure, the big European outdoor retailer based in Belgium...
A.S. Adventure, the big European outdoor retailer based in Belgium that already owns several other chains including Bever in the Netherlands and Cotswold Outdoor and Snow + Rock in the U.K., has signed a deal for the takeover of McTrek Outdoor Sports, a proftable German chain of 39 outdoor shops, ...
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After focusing on the tennis-inspired lifestyle apparel market, Lacoste has...
After focusing on the tennis-inspired lifestyle apparel market, Lacoste has invested in tennis hardware by acquiring an 80 percent stake in Major Sports, the parent company of Tecnifibre, which is a big player in the global market for tennis strings. It also sells tennis racquets and balls, the latter through ...
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Mike Ashley has made a nice capital gain from his...
Mike Ashley has made a nice capital gain from his recent investment in Game Digital as the value of the British video game company's shares rose by more than 50 percent to 37 pence following better-than-expected results and a statement by the management that it will invest in the growing ...
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Clarus, the holding company previously registered as Black Diamond, has...
Clarus, the holding company previously registered as Black Diamond, has finally made an acquisition, paying $79 million for a highly profitable U.S. firm, Sierra Bullets, whose proprietary manufacturing process is said to give it the tightest tolerances in the ammunition market. The purchase price is equal to 6.3 times the ...
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On Aug. 14, Black Diamond Inc., the parent company of...
On Aug. 14, Black Diamond Inc., the parent company of Black Diamond Equipment and Pieps, is changing its corporate name back to Clarus Corporation, which it had until 2010. The change is meant to reflect a desire to enlarge again the scope of the holding company through new acquisitions. BD ...
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Aquafil is to merge with Space3, an asset management firm,...
Aquafil is to merge with Space3, an asset management firm, and plans to list on the Italian stock exchange this autumn. Aquafil specializes in the production of synthetic fibers used in the textile, flooring, and clothing industries. The company is also known for its Econyl Regeneration System, an industrial system ...
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Sixtus Werke Schliersee is now fully owned by Philipp Lahm,...
Sixtus Werke Schliersee is now fully owned by Philipp Lahm, the former captain of FC Bayern München. Lahm previously had a 50 percent share of the sports care, balm and hygiene product manufacturer, which is based in Hausham, in Germany's Upper Bavaria. Lahm was also already a brand ambassador for ...
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Billabong International has decided to write off 11.7 million Australian...
Billabong International has decided to write off 11.7 million Australian dollars (€7.9m-$9.3m) from its accounts for the financial year ended this past June 30 in connection with the termination of its agreement with an omni-channel solution provider. In announcing its results for the first six months, the company had already ...
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TomTom has written down the entire goodwill of €169 million...
TomTom has written down the entire goodwill of €169 million of its Consumer segment as it reviews strategic options for its sports business, including its possible disposal. The segment's turnover fell by 20 percent to €126.3 million in the second quarter of this year.
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Cipio Partners, one of the institutional shareholders of 21sportsgroup, and...
Cipio Partners, one of the institutional shareholders of 21sportsgroup, and other existing and new investors have participated in a new round of financing for the German multi-channel retailer. After a €15 million injection made last October, the new round has reportedly involved new equity worth about €13 million. The proceeds ...
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Puma has reportedly agreed to test a new robotic system,...
Puma has reportedly agreed to test a new robotic system, developed by Magazino, that uses sensors and artificial intelligence to move objects in a warehouse
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Nike's expansion of its already massive corporate headquarters in Beaverton,...
Nike's expansion of its already massive corporate headquarters in Beaverton, Oregon, which would involve the addition of 3.2 million square feet of space, will cost more than $1 billion, according to The Oregonian. The daily's estimate is based on a comparison with real estate and similar construction costs in the ...
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Vans has moved its headquarters from Cypress, California to a...
Vans has moved its headquarters from Cypress, California to a new building in Costa Mesa, California, 13 miles away. The move was first announced in June 2015. The new building is environmentally-friendly and larger than the previous headquarters. The facility features a solar panel array on the carport, which is ...
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Zalando continues its shopping spree with the takeover of yet...
Zalando continues its shopping spree with the takeover of yet another start-up, Anatwine. The European e-commerce giant first acquired a 20 percent stake in this British software firm in May, but announced in July that it was taking over the company entirely. The purchase price has not been made public. ...
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Cocona has reportedly raised a total of $5 million in...
Cocona has reportedly raised a total of $5 million in new investments from Asia. The company, based in Boulder, Colorado, has raised nearly $3.75 million so far, but its chief executive, Jeff Bowman, told Sportstextiles the total will reach $5 million once $1.25 million from a Chinese investor is added. ...
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Kasper Rorsted, chief executive of the Adidas Group, told Focus...
Kasper Rorsted, chief executive of the Adidas Group, told Focus magazine that the Reebok brand has to return to profitability within four years. Shortly after Rorsted took over the helm in October last year, the company launched a reorganization at Reebok, Muscle Up, which entailed about 150 job cuts, the ...
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Blackstone has reached an agreement to hand over control of...
Blackstone has reached an agreement to hand over control of Jack Wolfskin to a group of lenders in a debt for equity swap. Such an agreement around the German outdoor brand was already reported several weeks ago but it was apparently finalized last week. Under the terms of the deal, ...
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Backed by Italian and British investors, Alessandro Bastagli has taken...
Backed by Italian and British investors, Alessandro Bastagli has taken over Shanghai Tang, the first Chinese luxury apparel firm to have obtained some international relevance. Among other holdings, Bastagli is the Italian entrepreneur who controls A. Moda, the Italian licensee of Everlast, and Dimensione Danza, the Italian brand of fitness ...
