All Corporations articles – Page 141
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News briefs
Lion Capital has agreed to sell its majority stake in...
Lion Capital has agreed to sell its majority stake in the A.S. Adventure Group to PAI Partners, a French-based private equity firm. The leading European outdoor retail group, which comprises A.S. Adventure in Belgium as well as Cotswold Outdoor in the U.K. and Bever in the Netherlands, achieved a turnover ...
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News briefs
Chervò has officially launched Chervò USA, as announced at the...
Chervò has officially launched Chervò USA, as announced at the PGA Merchandise Show in Orlando in late January. The new company, which will be independent in terms of logistics and production, will be responsible for the North American, Latin American and Caribbean markets. Charles Shaefer has been appointed as chief ...
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News briefs
Black Diamond Equipment will expand its manufacturing operations in Utah,...
Black Diamond Equipment will expand its manufacturing operations in Utah, according to a joint announcement by the company and the state's Governor's Office of Economic Development (GOED). The company, which manufactures specialized outdoor equipment for climbing, skiing and mountain sports, is a subsidiary of Black Diamond Inc., which also owns ...
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News briefs
Nike plans to move its head office from a town...
Nike plans to move its head office from a town near Bologna to the renovated Porta Nuova district of Milan. The idea is to more closely align the brand's business in Southern Europe with a “key cities” strategy. There will be no change in the management structure. Some back-office functions ...
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Short stops
China Dongxiang has contracted a loan of RMB600 million (€84.9m-$97.1m),...
China Dongxiang has contracted a loan of RMB600 million (€84.9m-$97.1m), carrying an annual interest rate of 22.4%
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News briefs
According to reports in Boardsports Source, Kelly Slater has made...
According to reports in Boardsports Source, Kelly Slater has made a formal offer to acquire a majority stake in Firewire. The recent move by the American surfer and 11-time world champion appears to be related to his interest in producing eco-friendly surfboards, as stabmag.com quoted him saying, it is time ...
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News briefs
Belgian newspapers have reported that A.S. Adventure was holding advanced...
Belgian newspapers have reported that A.S. Adventure was holding advanced talks with PAI, an international private equity firm based in Paris, for the takeover of the Belgian-based outdoor retail company. The A.S. Adventure group encompasses the eponymous Belgian outdoor retailer as well as Bever in the Netherlands and Cotswold Outdoor ...
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News briefs
Shareholders of Alliant Techsystems gave overwhelming approval to a proposed...
Shareholders of Alliant Techsystems gave overwhelming approval to a proposed merger with Orbital Sciences, paving the way for the spin-off of Vista Outdoor, the new company that will run Bushnell, Bollé, Cébé, Serengeti and other brands of sports eyewear, firearms and ammunition. Vista Outdoor, which will go public on Feb. ...
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Short stops
A new strategic investor for Alpina, the Slovenian shoe retailer...
A new strategic investor for Alpina, the Slovenian shoe retailer and manufacturer of shoes and ski boots, may emerge in the next few weeks
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News briefs
Sports Direct International (SDI) announced last month that an investment...
Sports Direct International (SDI) announced last month that an investment company owned by Mike Ashley sold shares amounting to about 2.75 percent of the group's issued share capital, at 720 pence per share. Ashley still holds about 55.14 percent of SDI's capital and has agreed not to sell any more ...
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News briefs
Thule Group has inaugurated a big new distribution center in...
Thule Group has inaugurated a big new distribution center in Poland to service customers in Central and Eastern Europe as well as Russia and Scandinavia. The new center, which has involved investments of 65 million Swedish kronor (€6.9m-$7.8m) is located at Huta, in western Poland, where the group has operated ...
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News briefs
The staff of Campagnolo is in turmoil following the management's...
The staff of Campagnolo is in turmoil following the management's announcement that the company will soon undergo substantial reorganization. The process will cause the lay-off of 68 employees, mainly in the manufacturing areas, out of the 399 at the company's main facility in Vicenza, in Italy's northeast. It will also ...
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News briefs
Diffusion Sport, one of the leading sporting goods industry publications,...
Diffusion Sport, one of the leading sporting goods industry publications, has been integrated into Grupo Peldaño, a 30-year-old Spanish publishing group with seven other trade magazines in tourism, caravanning and other sectors. Manuel Freixas, the 63-year-old entrepreneur who founded Diffusion Sport in 1982, will continue to run it for at ...
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News briefs
The weakness of the euro, which has reached its lowest...
The weakness of the euro, which has reached its lowest level in five years against the dollar, may push Dorel Industries to raise its prices in Europe. Dorel, which owns Cannondale, GT, Schwinn and other brands of bicycles, says that the strong dollar will have a hard negative impact on ...
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News briefs
Shimano has opened a new plant in the Philippines. The...
Shimano has opened a new plant in the Philippines. The facility, which reportedly represents an investment of JPY3.5 billion (around €30 million), is located at the First Philippine Industrial Park (FPIP) in Santo Tomas, Batangas. The investment is a 70-30 joint venture of Shimano with the First Philippine Holdings Corporation ...
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News briefs
Amer Sports has completed the repurchase of 819,171 of its...
Amer Sports has completed the repurchase of 819,171 of its own shares at an average price per share of €15.49, a process that began on Aug. 15. As a result, the company now holds a total of 1,417,429 treasury shares representing about 1.20% of the total number of outstanding shares ...
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Short stops
Moncler has signed a new €60 million credit line for...
Moncler has signed a new €60 million credit line for the next three years and reimbursed a €120 million loan obtained from a bank consortium in October 2013
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News briefs
Canada Goose has acquired the assets of Grand Harbour Clothing,...
Canada Goose has acquired the assets of Grand Harbour Clothing, one of its largest outerwear factories. Based in Scarborough, Ontario, Grand Harbour Clothing has long been a key contract manufacturer for Canada Goose, producing a significant portion of the brand's outerwear. With the acquisition of the 45,000 square-foot facility, Canada ...
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News briefs
The Saban Brands division of Saban Capital Group has acquired...
The Saban Brands division of Saban Capital Group has acquired a majority stake in Mambo, the 30-year-old Australian surf-inspired fashion brand. Angus Kingsmill will remain managing director of Mambo, with the task of pushing its international growth. Saban has taken over control of Mambo from Equity & Capital Finance of ...
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News briefs
Garmin has announced it is acquiring iKubu, a privately-owned designer...
Garmin has announced it is acquiring iKubu, a privately-owned designer of computer vision and radar systems for the cycling market based in South Africa. The financial terms of the acquisition have not been released. iKubu is working on the development of a backpack unit that tells cyclists the speed and ...
