All Corporations articles – Page 127
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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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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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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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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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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
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
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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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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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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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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Hanesbrands has completed its acquisition of Champion Europe
Hanesbrands has completed its acquisition of Champion Europe
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News briefs
Sports Direct International said it will commence a buyback program...
Sports Direct International said it will commence a buyback program for up to 29,923,243 shares, representing about 5 percent of its share capital, for an aggregate maximum outlay of £89,769,729 (€106,604,549-$118,030,796). Citigroup Global Markets will undertake the buyback in behalf of SDI until the annual general meeting of Sept. 7, ...
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News briefs
DyStar is setting up a new Global Innovation Center at...
DyStar is setting up a new Global Innovation Center at its factory in Nanjing, China. The 3,000-square-meter facility will include state-of-the-art laboratories for research & development, process technology development and the synthesis and finish of dyes and chemicals for its textile and industrial segments. The new facility will also house ...
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News briefs
Peak Sports Products of China may be delisted if a...
Peak Sports Products of China may be delisted if a bid for 38.81 percent of its shares by Xu's Sport Co. is accepted. The offer values Peak at 6,302 million Hong Kong dollars (€733.7m-$812.5m), a premium of 35 percent over the last closing price or nearly twice its annual turnover. ...
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News briefs
Hi-Tec Sports has denied a report in OCC Outdoor that...
Hi-Tec Sports has denied a report in OCC Outdoor that a deal was struck for the Dutch-based footwear company's acquisition by Cherokee, a U.S. clothing and licensing group. Hi-Tec belongs to its founder, Frank van Wezel, after he took the company private again in 2000. Hi-Tec's chief executive and Frank ...
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PhoenixAsset Management Partners has increased its stake in Sports Direct...
PhoenixAsset Management Partners has increased its stake in Sports Direct International to 3.03% of the voting rights
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News briefs
Reporting a drop in Oakley's sales of sunglasses in North...
Reporting a drop in Oakley's sales of sunglasses in North America, due to poor sales in the sporting goods channel, Luxottica says it plans to centralize all of Oakley's marketing functions at its global headquarters in Milan. It will move Oakley's U.S. wholesale operations to its New York office and ...
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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 ...
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News briefs
Billabong International has agreed to sell Sector 9, its San...
Billabong International has agreed to sell Sector 9, its San Diego-based skate hardware brand, for $12 million to an affiliate of Bravo Sports, which is part of Transom Capital's portfolio. Neil Fiske, Billabong's chief executive, said in a statement that the company's priority was to lift the performance of its ...
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News briefs
A group of Swiss-based investors has acquired Varlion, one of...
A group of Swiss-based investors has acquired Varlion, one of the major Spanish brands of pádel tennis. The production of its racquets will remain in the hands of Varlion's founder, Félix Regalía. The new owners have also set up two new companies, Ranelmo and CRG Sports, which will handle the ...
