All Corporations articles – Page 124
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News briefs
Creditors have given Performance Sports Group (PSG), parent company of...
Creditors have given Performance Sports Group (PSG), parent company of Bauer and other brands, an extension from Oct. 5 to Oct. 28 to file its financial statements for the financial year ended May 31, pending an internal investigation of its accounts and those being conducted by U.S. and Canadian regulatory ...
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News briefs
Pearl Izumi, the cycling apparel and footwear brand that belongs...
Pearl Izumi, the cycling apparel and footwear brand that belongs to the Shimano group, has decided to pull out of the running category and instead focus on cycling. The exit from the running business, which makes up just over 10 percent of Pearl Izumi's turnover, is effective from January 2017. ...
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News briefs
Newell Brands is aiming to sell or even shut down...
Newell Brands is aiming to sell or even shut down businesses totaling sales of $250 to 300 million by the end of this year, said its management, giving some indications that Coleman will not be part of the package. It wants to retain brands and geographies that offer the strongest ...
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News briefs
Callaway Golf has announced the acquisition of Toulon Design, a...
Callaway Golf has announced the acquisition of Toulon Design, a California-based milled putter company specializing in performance-driven design and customization. The terms of the agreement were not disclosed. Sean Toulon, the company's co-founder, will join Callaway as senior vice president of Callaway Golf and general manager of the Odyssey brand.
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News briefs
Skullcandy's board of directors has finally accepted a takeover bid...
Skullcandy's board of directors has finally accepted a takeover bid by Mill Road Capital that values the headphone company at $196.6 million. The deal is expected to close next month. The other bidder, Incipio, declined to make a better offer. It will leave the table with a break-up fee of ...
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News briefs
An indirectly owned subsidiary of 361°, Sanliuyidu Xiamen, has acquired...
An indirectly owned subsidiary of 361°, Sanliuyidu Xiamen, has acquired 80 percent of the shares in the e-commerce service provider of the Chinese brand for RMB 880,000 (€117,230-$131,428). The contract between the two parties was going to end, and 361° said the takeover was the most expedient way of changing ...
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News briefs
Wolverine Worldwide announced on Aug. 16 that it was...
Wolverine Worldwide announced on Aug. 16 that it was going to offer $250 million worth of senior notes to fund the redemption of its outstanding senior notes due 2020, which carry annual interest of 6.125 percent. The new notes have been priced with an interest rate of 5.000 percent, due ...
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News briefs
Wolverine Worldwide will invest $1 or $2 million to expand...
Wolverine Worldwide will invest $1 or $2 million to expand its manufacturing plant in Grand Rapids, Michigan, adding 16,000 square feet of space and about two dozen new jobs by early next year. It will the first expansion in 70 years for the facility, which makes mainly shoes and boots ...
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Short stops
Sports Direct International has raised its stake in Iconix, owner...
Sports Direct International has raised its stake in Iconix, owner of Umbro and other brands, to 13.01%
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Short stops
Vans has opened a skate park in the Swedish city...
Vans has opened a skate park in the Swedish city of Malmö
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Short stops
Supra has opened a multi-purpose creative space conceptualized by Chad...
Supra has opened a multi-purpose creative space conceptualized by Chad Muska in Los Angeles, called Melrose/Fairfax that includes a pop-up retail shop for its footwear and clothing
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News briefs
K- Swiss Global Brands is planning to relocate its global...
K- Swiss Global Brands is planning to relocate its global headquarters from Westlake Village, California to the Pac Mutual Building in downtown Los Angeles by Jan. 1, 2017. The new facility will house global operations for K-Swiss and the sister brands Supra, Palladium and Otz Shoes, as well as operations ...
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News briefs
To cope with its strong growth, Erima has bought an...
To cope with its strong growth, Erima has bought an additional 12,000-square-meter parcel of land at Kirchentellinsfurt to accommodate a new logistic center that should be opened toward the middle of 2017. It will be added to the adjoining surface of 12,000 m² where its new headquarters will be built ...
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News briefs
Wolverine Worldwide's board of directors has authorized a new stock...
Wolverine Worldwide's board of directors has authorized a new stock repurchase program for up to $300 million, replacing the balance of a program it had approved in 2014. The company will also issue 10-year bonds with a face value of $250 million that will help redeem a series of outstanding ...
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News briefs
Compass Diversified Holding (Codi) has announced it has raised around...
Compass Diversified Holding (Codi) has announced it has raised around $63 million in total net proceeds following the sale of 3.5 million shares in Fox Factory Holding Corp., a maker of high-performance suspension systems for mountain bikes and off-road vehicles, in a secondary offering that also involves other shareholders. BofA ...
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News briefs
Adidas has announced it will open its first Speedfactory for...
Adidas has announced it will open its first Speedfactory for the U.S. market in the Atlanta, Georgia area in 2017. The purpose of the new highly automated shoe factory is to allow the sporting goods giant to create products faster and closer to its consumers in the U.S., with more ...
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News briefs
Nike has announced the acquisition of Virgin Mega, a tech...
Nike has announced the acquisition of Virgin Mega, a tech start-up that is part of Richard Branson's Virgin Group. The terms of the transaction were not disclosed. The acquisition is meant to help Nike launch a new digital studio based in New York City, which will focus on innovative consumer ...
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News briefs
Skullcandy announced yesterdat that its board of directors had accepted...
Skullcandy announced yesterdat that its board of directors had accepted to negotiate a revised takeover offer at $6.35 a share by Mill Road Capital Management that values the American headphone producer at about $196 million. Meanwhile, another company, Incipio, extended an offer at $6.10 share for another two weeks. Incipio ...
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News briefs
Mifa has been granted a €3 million subsidy from the...
Mifa has been granted a €3 million subsidy from the state of Saxony-Anhalt in Germany for the construction of a new bicycle factory in Sangerhausen. The company will invest a total of around €20 million in the new facility, whose construction is expected to be completed by the end of ...
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News briefs
Following Nike's good results for the financial year ended May...
Following Nike's good results for the financial year ended May 31, Mark Parker, the chief executive, got a $33.5 million award as part of an incentive plan announced last year, which is intended to keep him at the company through 2020, when it is supposed to reach a turnover of ...
