All Corporations articles – Page 124
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Navalayo Osembo, one of the founders of the Kenyan athletic...
Navalayo Osembo, one of the founders of the Kenyan athletic footwear brand Enda, presented the Iten - Enda's first shoe - to four investors during the television's inaugural series of the Lions Den. The program is the Kenyan equivalent of the Shark Tank, an international TV series in which hopeful ...
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Despite Brexit, New Balance said it is committed to keep...
Despite Brexit, New Balance said it is committed to keep manufacturing shoes in England, which employs 240 workers, and will use it to make premium football boots for the first time in almost four decades. Rob DeMartini, chief executive, made the statement while inaugurating its biggest store outside the U.S. ...
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Cicli Pinarello, the Italian cycling company, is set to be...
Cicli Pinarello, the Italian cycling company, is set to be bought by LVMH, the French conglomerate behind high-end luxury brands such as Louis Vuitton, Dior, and Moet et Chandon. If the transaction is confirmed, it would be LVMH's first move into the sports and wellness markets. There should be no ...
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The Guardian reports that Sports Direct International (SDI) and some...
The Guardian reports that Sports Direct International (SDI) and some of its shareholders are struggling to agree on a suitable independent party to conduct a review of the British sports retailing and wholesaling group. Under scrutiny over issues relating to working conditions and corporate governance, SDI conducted a preliminary review ...
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News briefs
JD Sports Fashion is proposing a stock split. The fast-growing...
JD Sports Fashion is proposing a stock split. The fast-growing British retailer has called shareholders to a general meeting on Nov. 24 to approve it. The proposed move would involve splitting the company's existing ordinary shares, which have a nominal value of 1.25 pence each, into five new ordinary shares ...
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Nike will begin construction in mid-2017 of a sixth building...
Nike will begin construction in mid-2017 of a sixth building at its world headquarters in Beaverton, Oregon, adding about 360,000 square feet of office space and 330,000 square feet for parking to its campus. As for other buildings under development, it will aim for LEED Platinum Certification as part of ...
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News briefs
361 Degrees announced that it has no outstanding notes in...
361 Degrees announced that it has no outstanding notes in issue, following the early redemption of all senior 7.5 percent notes that were due in 2017. The last batch of notes, worth a total of 306,920,000 yuan renmimbi (€41.36m-$45.71m) was redeemed in full on Oct. 5. All the notes have ...
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A large investment fund, Brookfield Asset Management, has taken advantage...
A large investment fund, Brookfield Asset Management, has taken advantage of the distressed price of Performance Sports Group (PSG) shares to accumulate a 13.2 percent stake in the company, which owns Bauer Hockey and other sports brands. The share price jumped by 16 percent to $4.16 on the news, but ...
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News briefs
Four Marketing, an international premium fashion agency that holds the...
Four Marketing, an international premium fashion agency that holds the rights to represent over 30 brands through their flagship and online stores, has announced the acquisition of two brands of outerwear, Penfield and Cape Heights, from their chief executive and creative director, James Barshall. Founded in Hudson, Massachusetts in 1975, ...
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One of Germany's wealthiest men, Carsten Mashmeyer, has agreed to...
One of Germany's wealthiest men, Carsten Mashmeyer, has agreed to invest more than €750,000 to acquire a 20 percent stake in Glorify, the Austrian brand of supposedly unbreakable sports and sun glasses. He responded to an appeal for funding made on a popular TV show by the president of Glorify, ...
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Air Liquide says it has entered exclusive negotiations for the...
Air Liquide says it has entered exclusive negotiations for the sale of Aqua Lung, its scuba diving equipment subsidiary, to Montagu Private Equity, the European investment fund previously known as HSBC Private Equity. The latest reported data show that Aqua Lung's revenues fell by 5 percent to €103 million in ...
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Åre Skidfabrik, an alpine ski factory located in Åre, Sweden,...
Åre Skidfabrik, an alpine ski factory located in Åre, Sweden, has fully or partially taken over the production of skis for three Norwegian ski brands: SGN Skis, Stereo Skis and Moonlight Mountain Gear. According to Sportfack's news service, the three ski brands made the decision to move production from lower-cost ...
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Carve Designs, a California-based producer of women's swimwear, beachwear, surfwear...
Carve Designs, a California-based producer of women's swimwear, beachwear, surfwear and beach-inspired apparel, has received a significant, unspecified investment from Warren B. Kanders, the executive chairman of Black Diamond. He also chairs Mountain Khakis and Safariland. Thayler Sylvester and Jennifer Hinton, who founded Carve Designs in 2003, will continue to ...
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Vista Outdoor, the U.S. company that has been expanding through...
Vista Outdoor, the U.S. company that has been expanding through the acquisition of Camelbak and other brands, has agreed to pay $74 million to further widen its offering with the purchase of Camp Chef, an American supplier of outdoor cooking gear. The purchase price being paid for the privately-owned company ...
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Honma Golf, the Japanese maker of gold-plated golf clubs whose...
Honma Golf, the Japanese maker of gold-plated golf clubs whose customers include Donald Trump, the presidential hopeful, went public on the Hong Kong stock exchange a few days ago, raising proceeds of HK$1.26 billion (€147.5m-$162.4m), but its stock market capitalization fell to HK$5.5 billion (€643.7m-$708.9m) in early trading. The shares were ...
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News briefs
The Times of India reports that Nike is shutting down...
The Times of India reports that Nike is shutting down 35 percent of its stores in India, as it strives to cut its losses in the country. The newspaper adds that the brand currently has about 200 mono-brand stores left in the country and is sharply reducing the number of ...
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Short stops
Dunlop Slazenger's Spanish subsidiary has a new office at El...
Dunlop Slazenger's Spanish subsidiary has a new office at El Prat de Llobregat, the town near Barcelona where also Amer Sports, Nike and Mizuno have their Spanish offices
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Moncler, one of the stars on the Milan stock exchange,...
Moncler, one of the stars on the Milan stock exchange, lost 2 percent of its value, going down to €15.28 a share, after analysts heard that its major shareholder, Eurazeo, divested 6 percent of the company's equity for €230 million. The investment fund's stake in Moncler has thus declined to ...
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Wolverine Worldwide completed a debt refinancing program on Sept. 15,...
Wolverine Worldwide completed a debt refinancing program on Sept. 15, allowing the company to save about $30 million worth of interest payments through 2020 and giving it more flexibility in the use of cash. It will also make it easier to repurchase company shares under a recently announced $300 million ...
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News briefs
VF Corp. has issued Eurobonds worth a total of €850...
VF Corp. has issued Eurobonds worth a total of €850 million. The proceeds from the senior unsecured notes, which carry annual interest of 0.625 percent, will be used for working capital requirements and general corporate purposes. They will provide a natural currency hedge for operations in Europe.
