All Corporations articles – Page 134
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News briefs
Le Chameau has decided to shut down its French manufacturing...
Le Chameau has decided to shut down its French manufacturing plant at Cahan near Flers, which employs 55 workers. The factory makes some of the high-end hunting boots in rubber and leather sold by the company. The production is expected to be transferred to another plant owned by the company ...
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News briefs
The Scott Sports group continues its strong external growth strategy....
The Scott Sports group continues its strong external growth strategy. We understand that it is already working on another acquisition, which may be sealed before the end of this year, after striking a preliminary agreement last month for the takeover of Dolomite from the Tecnica Group. Scott's management indicates that ...
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News briefs
Sport Eco reports that Go Sport, the French sports retailer,...
Sport Eco reports that Go Sport, the French sports retailer, has acquired Tool Sport, a French online retailer that went into receivership earlier this year. Go Sport declined to comment but the customer service department at Tool Sport said that the company has been renamed Go Sport Développement. For the ...
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Mizuno has inaugurated the head office of its new Spanish...
Mizuno has inaugurated the head office of its new Spanish subsidiary, which covers 250 square meters in El Prat de Llobregat, near Barcelona and close to many other sports companies
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News briefs
The Saarbrücker Nachrichten published an unconfirmed report that ZEG, the...
The Saarbrücker Nachrichten published an unconfirmed report that ZEG, the German-based buying group for bicycle dealers, could purchase the bicycle production unit of Kettler, the German supplier of fitness and garden equipment, which went into self-administered receivership in June. As reported in our previous issue, Kettler said it was working ...
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News briefs
Li Ning Company has agreed to sell a 10 percent...
Li Ning Company has agreed to sell a 10 percent stake in Shanghai Double Happiness for about 125 million renmimbi (€18.0m-$20.0m) in cash to the Viva China Group. The transaction will reduce Li Ning's share in the Chinese table tennis company to 47.5 percent, leaving it still as its largest ...
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News briefs
Jarden Corp. has raised net proceeds of $475 million from...
Jarden Corp. has raised net proceeds of $475 million from its previously reported secondary offering of 10 million shares, plus an additional 1.5 million shares as a greenshoe option. The proceeds will be used for the planned acquisition of Jostens.
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News briefs
Johnson Outdoors has acquired Seabear Diving Technology, an Austrian start-up...
Johnson Outdoors has acquired Seabear Diving Technology, an Austrian start-up specializing in underwater instrumentation. It makes electronic equipment for divers, such as smart watches and technical dive computers that can be used underwater. Arne Sieber, Seabear's founder and principal, is to join the diving unit of Johnson Outdoors, which predominantly ...
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News briefs
The Quiksilver group, which filed for bankruptcy for its U.S....
The Quiksilver group, which filed for bankruptcy for its U.S. business in September, has reportedly asked bankruptcy authorities for permission to sell Ampla, its startup running-shoe brand, to two former employees for $200,000. Ampla was launched by Quiksilver two years ago but it's one of the assets that are no ...
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News briefs
Manz, a German engineering company, has formally signed a partnership...
Manz, a German engineering company, has formally signed a partnership agreement with Adidas to contribute to its Speedfactory project. The company, based in Reutlingen, says the deal builds on the development of new automated production technology for sports equipment, allowing the design of custom-tailored shoe components, textiles and accessories to ...
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News briefs
Kettler says it has negotiated with employee representatives a rescue...
Kettler says it has negotiated with employee representatives a rescue plan involving the elimination of 198 jobs as part of wider restructuring measures. The German fitness and leisure equipment company went into self-administered receivership in June, while several investors were said to show interest in the family-owned company. Creditors supported ...
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News briefs
Newton Running has reportedly laid off some sales representatives and...
Newton Running has reportedly laid off some sales representatives and staff members at its head office in Boulder, Colorado, as part of a restructuring plan led by Joe O'Neil, who became the company's chief executive at the beginning of this month. Newton declined to provide details on the reorganization, which ...
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Billabong's shares will reverse split on Nov. 30 on a...
Billabong's shares will reverse split on Nov. 30 on a five-to-one basis, reducing the number of outstanding shares from 990 million to 198 million
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News briefs
About 350 of the 550 workers at Mifa Bike, the...
About 350 of the 550 workers at Mifa Bike, the German bicycle manufacturer, were requested to switch to a shorter working week for three months from the start of October to support the company's turnaround. Mifa filed for insolvency in September last year, after the failure of takeover discussions with ...
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News briefs
Adidas is expected to put an end to its involvement...
Adidas is expected to put an end to its involvement in table-tennis equipment by the end of this year. Greenmaster, which has been its licensee for this product category, has reportedly agreed to stop it by then. Frank Koch, the former executive of Kettler who started the project at Greenmaster, ...
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News briefs
Callaway Golf is offering to redeem the balance of its...
Callaway Golf is offering to redeem the balance of its outstanding 3.75 percent convertible senior notes due in 2019, plus accrued interest, leaving the company without any long-term debt. The principal on the notes carries a total value of $27,517,000, plus interest. Until Nov. 16, the note holders will be ...
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News briefs
Bauer Hockey has opened an Innovation Center in Blainville, Quebec....
Bauer Hockey has opened an Innovation Center in Blainville, Quebec. The facility, which has a surface of more than 9,200 square meters, recently hosted the annual BauerWorld event, which welcomed around 350 of the company's top global retail partners. The new site features more than 150 testing and R&D machines, ...
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News briefs
Julbo has become the only sports brand in Europe with...
Julbo has become the only sports brand in Europe with an in-house laboratory to make corrective lenses for its sports glasses. Like other brands of sports eyewear, it was previously outsourcing the process to an outside laboratory. Following an investment completed in April, Julbo's lab has a capacity to make ...
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News briefs
IC Group's board of director has decided to initiate a...
IC Group's board of director has decided to initiate a new program that will grant up to 61,113 performance shares to the members of its global management team and other selected executives, for a total of 23 participants. They will have an opportunity to get one-quarter of the shares depending ...
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Calida, the Swiss lingerie group, is holding discussions with the...
Calida, the Swiss lingerie group, is holding discussions with the minority shareholders of Lafuma to take over the 35 percent stake it doesn't own in the French company at a reasonable price, says Sportguide.com
