All Corporations articles – Page 146
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News briefs
JD Sports Fashion is moving its multi-channel content and production...
JD Sports Fashion is moving its multi-channel content and production team to The Sharp Project in Manchester. The British sports and fashion retailer has taken 10,400 square feet of production space at the complex on a £2 million (€2.50m-$3.36m) long-term lease. The Sharp Project, home to more than 50 digital entrepreneurs ...
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News briefs
Safilo said that it plans to increase the share of...
Safilo said that it plans to increase the share of house brands - Polaroid, Carrera, Smith Optics, Safilo and Oxydo - to 40-45 percent of the group's total revenues in five to seven years from about 20 percent currently - through organic growth and through possible new acquisitions. Although it ...
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News briefs
Mark King, the former chief executive of Taylormade Adidas Golf...
Mark King, the former chief executive of Taylormade Adidas Golf who was appointed at the helm of Adidas North America in April, has told American reporters that he wants to narrow the focus of the brand in terms of sports categories, and to have a more far-reaching involvement in the ...
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News briefs
Exceed Company has once again announced a postponement of the...
Exceed Company has once again announced a postponement of the extraordinary shareholders' meeting to vote on a merger agreement that would lead to its chairman and chief executive, Shuipan Lin, taking over 64 percent control of the company, which trades in China under the Xidelong brand. First proposed last Dec. ...
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News briefs
Black Diamond Equipment has announced the completion of its sale...
Black Diamond Equipment has announced the completion of its sale of Gregory Mountain Products to Samsonite for $84.1 million. The company has used $26.7 million out of the net proceeds of $68.4 million to pay off its credit facility. Knowledgeable officials have indicated to us that this is unlikely to ...
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Short stops
Columbia Sportswear has announced a two-for-one stock split
Columbia Sportswear has announced a two-for-one stock split
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News briefs
Bondholders of Mitteldeutsche Fahrradwerke (Mifa), the largest bike manufacturer in...
Bondholders of Mitteldeutsche Fahrradwerke (Mifa), the largest bike manufacturer in Germany, have agreed to delay payment of interest on their bonds, originally scheduled for Aug. 12, until the presentation of a new business plan at end of October. They have appointed a Munich-based consultant, One Square Advisory Services, to negotiate ...
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News briefs
Carlyle, the private equity fund, has divested its remaining 7.13...
Carlyle, the private equity fund, has divested its remaining 7.13 percent interest in Moncler for €215 million, selling more than 17.8 million shares at a unit price of €12.04. That is 0.5 percent higher than the closing price of the previous day, but then Moncler's share price has fallen by ...
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News briefs
Jarden Corporation has set the pricing for a €300 million...
Jarden Corporation has set the pricing for a €300 million bond offering that it is placing with qualified institutional investors and buyers outside the U.S. The notes will pay a semi-annual interest of 3.75 percent and mature on Oct. 1, 2021. They will be guaranteed by some of Jarden's U.S. ...
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News briefs
Giant has announced that it will invest US$50 million in...
Giant has announced that it will invest US$50 million in new corporate headquarters with research and design buildings and state-of-the-art facilities. The Taiwanese company, which is recognized as the world's largest bicycle manufacturer, said it has already gained approval for the plan from the management of the Central Taiwan Science ...
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News briefs
Lino Dainese is reportedly planning to sell between 70 and...
Lino Dainese is reportedly planning to sell between 70 and 80 percent of the Italian high-tech protection company that bears his name after the summer, choosing one of the candidates for the acquisition. It will probably be a strategic investor. A business plan calls for an increase in Dainese's turnover ...
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News briefs
Accell Group is one of six companies listed on Euronext...
Accell Group is one of six companies listed on Euronext Amsterdam that are going to be allowed to use a new class of Spotlight Options. They will have short-term maturities of one, two or three months. Accell has been listed on Euronext Amsterdam since 1998 and joined the Amsterdam Midkap ...
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News briefs
Samsonite International, the international luggage giant, which already purchased High...
Samsonite International, the international luggage giant, which already purchased High Sierra two years ago, has signed a definitive agreement to buy Gregory Mountain Products, a more technical and outdoor-oriented brand of backpacks, from Black Diamond Inc. Somewhat like Eastpak and JanSport, which are both owned by VF Corporation, the two ...
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News briefs
Dennis Wilson, the founder of Lululemon Athletics, is attempting to...
Dennis Wilson, the founder of Lululemon Athletics, is attempting to regain control of the company, according to American press reports. The Wall Street Journal reported that Wilson was studying various options, together with Goldman Sachs. These include a buyout of the company but also a sale of Wilson's shareholding, placed ...
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News briefs
The Fenix Outdoor Group has formally moved to Baar in...
The Fenix Outdoor Group has formally moved to Baar in Switzerland and turned into Fenix Outdoor International AG, after a series of administrative and financial changes that were set in motion about two months ago. However, the company will continue to operate from Örnsköldsvik and it remains in the hands ...
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News briefs
Jarden Corporation's stable of sports brands continues to widen. Its...
Jarden Corporation's stable of sports brands continues to widen. Its K2 Sports subsidiary has signed an agreement for the takeover of an American brand of triathlon clothing, Squadra, and its business at an undisclosed price. Squadra started in 1996 as the U.S. licensee of Castelli, the Italian brand of bikewear. ...
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News briefs
ISA TanTec, a German-owned tannery supplying top footwear brands globally,...
ISA TanTec, a German-owned tannery supplying top footwear brands globally, is setting up its first leather manufacturing facility in the U.S. The site will be located in Vicksburg, Mississippi and the project will be known as Mississippi TanTec Leather. ISA TanTec currently has operations in Saigon, Vietnam and Heshan City, ...
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News briefs
The District Court in Kranj, in Slovenia, has reportedly launched...
The District Court in Kranj, in Slovenia, has reportedly launched debt restructuring proceedings at Alpina, which makes outdoor and skiing footwear as well as a wider range of urban shoes. It has accumulated debts worth €42 million, chiefly due to a management buyout. The company, based in the small eastern ...
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News briefs
Patagonia is planning to transfer some of its European operations...
Patagonia is planning to transfer some of its European operations from its present European headquarters in the French town of Annecy to a new European office in Amsterdam. It also wants to open sales offices in London and Munich to be closer to its clients in two of its major ...
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News briefs
Callaway Golf is refinancing its $230 million asset-based revolving credit...
Callaway Golf is refinancing its $230 million asset-based revolving credit on better conditions, keeping the size of the credit facility. As of March 31, the company had $141 million outstanding under its present arrangement.
