All Corporations articles – Page 136
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News briefs
Under Armour's shareholders approved a stock split on Wednesday, creating...
Under Armour's shareholders approved a stock split on Wednesday, creating a new C class of non-voting shares that will allow the company's founder and chief executive, Kevin Plank, to keep control of the company with 15 percent of the shares and 67 percent of the votes, but with a five-year ...
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News briefs
Several Dutch shoe retailers have filed for bankruptcy in the...
Several Dutch shoe retailers have filed for bankruptcy in the last few months, as reported in Shoe Intelligence, blaming competition and the economy. This time it's the turn of a major sporting goods retailer, Telstar Sports & Fashion, which operates several megastores in the country. According to Sport Partner, one ...
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News briefs
United Sports Brands is the new name of the combined...
United Sports Brands is the new name of the combined global organization resulting from the already announced merger of Shock Doctor Sports and McDavid. It will serve as the corporate parent of the two companies' brands: Shock Doctor, McDavid, Cutters and XO. United Sports Brands will move to a new ...
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News briefs
Pentland Group disclosed that it has made an investment in...
Pentland Group disclosed that it has made an investment in Tracksmith, a developer of premium performance running apparel, based in Boston, participating with others in a $4 million round of financing. The investment will help Tracksmith to further expand the product offering, to boost marketing and to create physical training ...
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News briefs
Intersport France is investing an additional €6 million in Manufacture...
Intersport France is investing an additional €6 million in Manufacture Française du Cycle, its own bike factory at Machecoul, in western France. Intersport took over the plant from Cycleurope in 2013 and since then it has invested more than €10 million in the facility, according to Usine Nouvelle, a French ...
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News briefs
Amer Sports has announced the acquisition of the main assets...
Amer Sports has announced the acquisition of the main assets of Queenax, a provider of modular, functional fitness training machines based near Teramo, in central Italy. Queenax will be integrated into Precor as a component of Amer's fitness division. The inclusion of functional training, one of the fastest growing segments ...
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News briefs
Quiksilver has hired an adviser, Peter J. Solomon, to help...
Quiksilver has hired an adviser, Peter J. Solomon, to help obtain additional financing from lenders, says Bloomberg. With its stock trading at around 50 cents a share and a warning by the New York Stock Exchange that it may be delisted, Quiksilver is unlikely to raise additional equity. The company ...
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Short stops
Americana International, the company that owns...
Americana International, the company that owns the Bench brand, has changed its name to Bench.
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News briefs
New Balance and Berkshire Partners have closed the transaction for...
New Balance and Berkshire Partners have closed the transaction for the acquisition of Rockport from the Adidas Group. They have formed a new company, called The Rockport Group, that combines Rockport with the former Drydock Footwear Group, the company formed by New Balance to group its comfort shoe brands: Dunham, ...
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News briefs
JD Sports Fashion has bought The Cuckoo's Nest. This British...
JD Sports Fashion has bought The Cuckoo's Nest. This British men's streetwear brand, best known for its graphic T-shirts, had been put into administration prior to the purchase. No details were given on the reasons for the administration. Lila Thomas and David Acland of Begbies Traynor, an insolvency firm based ...
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News briefs
Niki Lauda, the famous Austrian Formula 1 champion, has reported...
Niki Lauda, the famous Austrian Formula 1 champion, has reported acquired a stake of more than 10 percent in Signa Retail, the Austrian-based real estate company that controls the Karstadt department store chain and the Karstadt Sports stores in Germany, through his foundation. The car racer is also investing in ...
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News briefs
According to the Oregonian, Adidas is considering the establishment of...
According to the Oregonian, Adidas is considering the establishment of a factory in Detroit to make sneakers for the North American market. The rumor, which could not be confirmed, follows a statement by Nike that it would create 10,000 jobs in the U.S. if the Trans-Pacific Partnership with Vietnam and ...
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News briefs
Brunswick Corp., the parent company of Life Fitness, has acquired...
Brunswick Corp., the parent company of Life Fitness, has acquired Scifit Systems and added it to its Life Fitness division. The financial terms of the transaction were not disclosed. Scifit, based in Tulsa, Oklahoma, has a line of fitness equipment designed to meet the needs of senior citizens and patients ...
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News briefs
Skechers has signed a new credit agreement with various banks,...
Skechers has signed a new credit agreement with various banks, replacing the one it had negotiated in 2009. It covers revolving loans of up to $250 million, or even $350 million, with relatively marginal interest rates. It allows Skechers to pay dividends to its shareholders and to buy back shares ...
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News briefs
El Corte Inglés, the big Spanish retailer, which plays a...
El Corte Inglés, the big Spanish retailer, which plays a big role in the sporting goods market, has sold a 10 percent stake for €1 billion to Sheikh Hamad Bin Jassim Bin Jaber Al Thani, a former Prime Minister of Qatar and former head of the Qatar Investment Authority. Sheik ...
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News briefs
Duca del Cosma, the German brand of golf and golf-inspired...
Duca del Cosma, the German brand of golf and golf-inspired shoes and clothing, has filed for insolvency proceedings in a court at Landshut. Plans are to stabilize the financial situation and to look for professional investors with the help of Advantum Corporate Finance. The brand was launched in 2004 by ...
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News briefs
Decathlon has signed two contracts with the Goodman group for...
Decathlon has signed two contracts with the Goodman group for the installation of two new logistic platforms in China. One will be established in the Goodman Hannan Logistics Park at Wuhan, in Hubei province, and will have a surface of 85,000 square meters. The other one will measure 72,000 m² ...
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News briefs
Wolverine Worldwide has raised its senior secured credit facility by...
Wolverine Worldwide has raised its senior secured credit facility by $300 million to $950 million, comprising a term loan of $450 million and a $500 million revolving credit. The new credit agreement negotiated with company's lenders also extends the maturity date of the facility. It lowers the cost of servicing ...
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News briefs
Jason Whitson and Tommy Fad, the founders of Gritness, have...
Jason Whitson and Tommy Fad, the founders of Gritness, have confirmed on their own website that their search engine for group fitness activities has been sold to Under Armour (UA). The idea behind Gritness, launched in June 2013 in Austin, Texas, was to stimulate group fitness by creating a digital ...
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News briefs
Quiksilver may lose its listing on the New York Stock...
Quiksilver may lose its listing on the New York Stock Exchange (NYSE) unless it manages to lift its share price in the next six months or by its next annual meeting. The group says it was notified by NYSE on July 10 that it no longer complies with a requirement ...
