All Corporations articles – Page 143
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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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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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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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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 ...
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News briefs
Vista Outdoor, the sporting goods spin-off from Alliant Techsystems that...
Vista Outdoor, the sporting goods spin-off from Alliant Techsystems that owns Bushnell, Bollé and a raft of other brands, mostly in the firearms segment, is evaluating several merger and acquisition opportunities to diversify its product portfolio in areas such as camping, cycling, fishing, golf, snow sports, trail sports and water ...
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News briefs
Safilo has decided to locate its global sports & outdoor...
Safilo has decided to locate its global sports & outdoor division in the new Pacific Coast Design Center in Portland, Oregon. The site will also serve as the head office of Smith Sports Optics for product development, marketing, sales and e-commerce. Chatham Baker and Drew Chilson will serve as creative ...
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News briefs
The Recreation & Leisure segment of Dorel Industries has changed...
The Recreation & Leisure segment of Dorel Industries has changed its name to Dorel Sports and made another acquisition in Latin America. After the takeover of Caloi in Brazil, the Canadian parent company of Cannondale, GT, Schwinn, Sugoi and other bike brands is taking over the assets of Intercycles, a ...
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News briefs
Sports Direct International has placed its USC chain of young...
Sports Direct International has placed its USC chain of young fashion stores into administration, a form of Chapter 11 bankruptcy. It has also placed it under the control of Republic, another British fashion chain in its portfolio. Reports indicate that 28 of the 90 USC stores may be closed down. ...
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News briefs
Lotto Sport Italia and Stonefly, which share some managers and...
Lotto Sport Italia and Stonefly, which share some managers and shareholders, are reportedly studying a possible alliance at the administrative and logistic levels. The super-active Andrea Tomat runs both companies already. A spokesperson says the management has no comments at this stage.
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New Balance has moved into a new, 30,600-square-foot European head...
New Balance has moved into a new, 30,600-square-foot European head office at Birchwood, not far from its former location in Warrington, Cheshire
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News briefs
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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News briefs
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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News briefs
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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News briefs
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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News briefs
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
