All Corporations articles – Page 136
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Nick Woodman, founder and chief executive of GoPro, has denied...
Nick Woodman, founder and chief executive of GoPro, has denied a possible sale of his company to Apple
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The Mammut Sports Group has decided to outsource the labor-intensive...
The Mammut Sports Group has decided to outsource the labor-intensive manufacture of its ropes at its facility in Seon by Sept. 1, 2016, but the Swiss company will continue to use the site to design, develop, test and market its ropes. The new contractor is an Austrian family-owned company, Teufelberger. ...
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Johnson Health Tech (JHT), the Taiwanese fitness equipment maker that...
Johnson Health Tech (JHT), the Taiwanese fitness equipment maker that owns the Matrix, Vision and Horizon brands, has acquired Stak Fitness, a leading distributor of fitness gear in Canada. It will operate as a separate subsidiary for JHT, with current management and staff. Established in 2004 by Karim Toupin-Chaieb, Stak ...
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Nike has a new $2.0 billion revolving credit facility with...
Nike has a new $2.0 billion revolving credit facility with Bank of America, Citibank, Deutsche Bank and HSBC. Replacing a $1.0 billion line of credit, it matures in July 2020, with option for a two-year extension. At the end of the last quarter, Nike had cash and short-term investments worth ...
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Sports Direct International has acquired a 25% stake in Four...
Sports Direct International has acquired a 25% stake in Four Marketing, the British distributors of various fashion brands including Stone Island, CP Company and 7 For All Mankind
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Hero Cycles, the major Indian bicycle producer, has acquired control...
Hero Cycles, the major Indian bicycle producer, has acquired control of Avocet Sports, a major distributor of cycling products based in Manchester, U.K. In its attempt to enter the European market, Hero started two years talks for the takeover of Mifa, the financially stricken German bike producer, but they failed. ...
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Wolverine Worldwide remains interested in acquisitions, but while there are...
Wolverine Worldwide remains interested in acquisitions, but while there are plenty of actionable assets in the market, the valuations are a bit high. Wolverine would prefer a good brand with heritage with at least $75 million in revenues - ideally between $200 million and $600 million. An acquisition outside the ...
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Thule Group has signed an agreement to sell its snow...
Thule Group has signed an agreement to sell its snow chain business to an Austrian-based company, Schneeketten. The divestment will allow Thule to focus more on its core outdoor and bags segment. Its snow chain division posted sales of 136 million Swedish kronor (€14.6m-$16.5m) in 2014. Its staff of 145 ...
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Alibaba Group Holding has established a new Alibaba Sports Group...
Alibaba Group Holding has established a new Alibaba Sports Group together with Sina Corporation and Yunfeng Capital. The idea is to leverage Alibaba's large e-commerce footprint in China with Sina's media resources to create an integrated, internet-based sports platform for the benefit of the sports industry, sports teams, sports fans ...
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Suunto, a subsidiary of Amer Sports, has opened a new...
Suunto, a subsidiary of Amer Sports, has opened a new Mobile Competence Center in Tampere, Finland. The facility, which was inaugurated on Aug. 10, is focused on the development of digital services and native applications for both iOS and Android. Suunto said it decided to start the center because of ...
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Assos of Switzerland, the well-known maker of bikewear from Lugano,...
Assos of Switzerland, the well-known maker of bikewear from Lugano, has changed ownership. The founding Maier family has sold its shares to a pool of investors led by Phil Duff, the former chief executive of Black Diamond, the U.S. brand of outdoor and snow sports equipment. Duff will reportedly take ...
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Transa Backpacking has a new shareholding structure as Beat Stünzi,...
Transa Backpacking has a new shareholding structure as Beat Stünzi, founder and majority shareholder of the leading Swiss outdoor retailer, decided to partly pull out, due to his age. The new majority shareholder is International Retail Corporation (IRC), a vehicle controlled by Beat Zaugg, chief executive and minority shareholder in ...
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New Balance has moved into a new corporate head office...
New Balance has moved into a new corporate head office at the northwestern edge of Boston, close to the old one. About 700 New Balance employees occupy the new 250,000-square-foot building, which is part of the new Boston Landing development project financed by the Davis family, owner of New Balance. ...
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The share capital of IC Group, parent company of Peak...
The share capital of IC Group, parent company of Peak Performance, has been raised by 0.3 percent to 170,562,470 Danish kroner (€22.9m-$26.1m) through the exercise of warrants under two different programs that priced the new shares at DKK 136.00 and DKK 166.80, respectively. IC Group has derived gross proceeds of ...
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Shimano Europe has unveiled plans to open an “Experience Center”...
Shimano Europe has unveiled plans to open an “Experience Center” in the Netherlands in the spring of 2017. The center will be built in Valkenburg, in the southern part of the country, on the site of a former brewery. The activities offered by the park will focus on cycling, fishing ...
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The sale of the Elan Group to Wiltan Enterprises and...
The sale of the Elan Group to Wiltan Enterprises and Merrill Lynch (see SGI Europe No. 26-25+26 of Aug. 10) has been completed with the return of state aid to the Slovenian government following a resolution by the European Commission, which challenged the legality of a €10 million subsidy given ...
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Global Surf Industries (GSI) is now entirely owned by its...
Global Surf Industries (GSI) is now entirely owned by its founder Mark Kelly, according to reports in the Boardsport Source news service. Kelly started the company in 2002. Since then, GSI has evolved into one of the largest surfboard and stand-up paddleboard companies in the world, with domestic operations in ...
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Callaway Golf Co. has issued 2,318,399 new shares to retire...
Callaway Golf Co. has issued 2,318,399 new shares to retire $17,388,000 worth of 3.75% convertible senior notes maturing in August 2019. The company will also make an unspecified cash inducement payment as part of the transaction, which will reduce the outstanding principal of the notes to $27,517,000. Earlier, Callaway had ...
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K2 and Ride Snowboards completed the renovation of their new...
K2 and Ride Snowboards completed the renovation of their new European headquarters at Penzberg, near Munich, inviting “cool” guests to a “Serious Fun BBG” party
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Since the autumn of 2014, there has been a steady...
Since the autumn of 2014, there has been a steady rise in the number of bankruptcies among Norwegian sporting goods retailers. The number increased from 15 bankruptcies in the first half of 2014, to 23 in the second half of last year, before rising further to 24 in the first ...
