All Corporations articles – Page 142
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Mike Ashley, who owns 57 percent of Sports Direct International,...
Mike Ashley, who owns 57 percent of Sports Direct International, reportedly granted the company a £40 million (€51.0m-$62.2m) loan in October to help finance its purchases for the holiday season, charging normal lending rates. SDI could have borrowed the money from a bank, but the loan reportedly allowed Ashley to ...
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Barclays Bank has downgraded Adidas' stockmarket rating because of the...
Barclays Bank has downgraded Adidas' stockmarket rating because of the weakness of the Russian ruble, estimating that this year it will cut its 2014 net income by $10 million and its sales by €80 million
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Mitteldeutsche Fahrradwerke (Mifa) has a new owner. All the assets...
Mitteldeutsche Fahrradwerke (Mifa) has a new owner. All the assets of the German bike maker have been acquired, by the Von Nathusius family, the sole shareholder of German auto parts supplier IFA Rotorion-Holding. Detailed terms of the deal were not disclosed but have guarantees from the state of Saxony-Anhalt. Mifa's ...
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Reed Business, a division of Reed Elsevier, has announced plans...
Reed Business, a division of Reed Elsevier, has announced plans to sell Bike Europe and 16 other B2B titles to B+B Vakmedianet, a Dutch publishing house. The decision is meant to allow Reed to focus on data and information solutions, the company said, as it is increasingly moving from digital ...
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Makalot, the Taiwan-based sportswear supplier, has announced a three-year plan...
Makalot, the Taiwan-based sportswear supplier, has announced a three-year plan to invest between $10 million and $15 million building two textile plants in Vietnam, one in northern Vietnam and one in the south. Both are scheduled to start operations in the first quarter of 2016. According to reports in The ...
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Kering has been looking since the beginning of this year...
Kering has been looking since the beginning of this year for investors who may be interested in taking over its 86 percent stake in Puma, says the Bloomberg news agency. Investment funds in Asia, Qatar and other parts of the Middle East were reportedly approached, but no takeover negotiations have ...
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Noël, the French footwear company that has been a licensee...
Noël, the French footwear company that has been a licensee of Umbro for many years, was placed in receivership by a court in Rennes on Dec. 8, with until June 8 to present a recapitalization plan. The company has been unable to conclude a satisfactory agreement for the transfer of ...
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Quiksilver has completed the sale of its majority stake in...
Quiksilver has completed the sale of its majority stake in Surfdome to Surfstitch
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Kelme has moved to a new head office in Elche...
Kelme has moved to a new head office in Elche
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Fox Factory is set to purchase Race Face and with...
Fox Factory is set to purchase Race Face and with it, Easton's bicycle components business. Race Face purchased Easton in April this year. Race Face/Easton designs, manufactures, and distributes globally high-performance wheels for mountain and road bikes as well as other high-performance cycling components including bars, cranks, stems and seat ...
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Quiksilver has set up a new German office in Munich,...
Quiksilver has set up a new German office in Munich, and Mervin Manufacturing, a former property of the company, has opened a showroom in the city
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YKK, the world's largest manufacturer of zippers, is reportedly planning...
YKK, the world's largest manufacturer of zippers, is reportedly planning to invest $88 million in its Vietnamese factory to raise its annual production by 30 percent to 10 billion units by the end of 2016 and to double it by 2017. The additional capacity will become available by November 2015 ...
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Amer Sports signed on Dec. 2 an agreement for a...
Amer Sports signed on Dec. 2 an agreement for a €150 million syndicated revolving credit facility for the next five years. Negotiated at favorable terms, it will be used for general corporate purposes including the refinancing of a €200 million syndicated loan obtained in 2011, which has now been terminated ...
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ATK has set a new date of Jan. 27, 2015...
ATK has set a new date of Jan. 27, 2015 for shareholders to meet and vote on proposals to spin off its sporting goods business, including Bushnell, and to merge the rest of the group with Orbital Sciences
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Accell Group has announced that it is in talks to...
Accell Group has announced that it is in talks to buy Cycle Service Nordic, a Danish distributor of bike parts and accessories. The expected takeover would further strengthen Accell's position in the Nordic countries, where it already owns Tunturi-Hellberg in Finland. Cycle Service Nordic, with an annual turnover of around ...
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Fletchers Sports Brands has renamed itself as Sunice after its...
Fletchers Sports Brands has renamed itself as Sunice after its main product line, and will launch a new website and corporate identity early next year
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Décathlon has also turned a one-year-old French distribution center at...
Décathlon has also turned a one-year-old French distribution center at Rouvignies, near Valenciennes and the Belgian border, into its sixth continental distribution platform, joining three others in France and two in Spain. Covering 56,000 square meters, it will process the merchandise received from the suppliers and dispatch it to any ...
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JD Sports Fashion has announced that it has sold Bank,...
JD Sports Fashion has announced that it has sold Bank, its struggling fashion arm, to a subsidiary of Hilco Capital, a restructuring specialist, for an undisclosed amount. The British retailer said the deal would recover a “substantial” amount of its inter-company loan, the exact details of which will be confirmed ...
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Seafolly, the Australian swimwear label, has been taken over at...
Seafolly, the Australian swimwear label, has been taken over at undisclosed conditions by L Capital Asia 2, an investment vehicle of the LVMH luxury goods group. The business plan calls for Seafolly's international expansion and its diversification into new product categories in order to become an all-around lifestyle brand. Led ...
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Décathlon has inaugurated a new campus for its three “mountain...
Décathlon has inaugurated a new campus for its three “mountain brands”: Quechua (outdoor), Wed'ze (snow sports) and Simond (climbing). The site regroups nearly 300 people who were previously dispersed over six sites, not including the workers at Simond's factory at Les Ouches. The new campus is located at Passy, near ...
