All Corporations articles – Page 149
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News briefs
IC Companys has signed an agreement to divest its Mid...
IC Companys has signed an agreement to divest its Mid Market division, leaving the Danish apparel group with only three brands: Peak Performance, Tiger of Sweden and By Marlene Birger. The group pointed out that these three brands, which were recently put in a new Premium segment of the company, ...
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Li & Fung plans to spin off its global brands...
Li & Fung plans to spin off its global brands and licensing business, with a separate stock exchange listing and a goal of doubling its profitability by the end of 2016. The unit generated an operating profit of $534 million on sales of $3.3 billion last year. The sourcing company's ...
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Short stops
Under Armour has announced a two-for-one stock split, which will...
Under Armour has announced a two-for-one stock split, which will become effective on Apr. 14 for shareholder of record on March 28
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Short stops
SRAM has opened a new Asia Development Center in Taichung,...
SRAM has opened a new Asia Development Center in Taichung, similar to the European Development & Training Center that it started up in Schweinfurt, Germany, last year
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News briefs
Lions Capital has reportedly asked the Rothschild bank to investigate...
Lions Capital has reportedly asked the Rothschild bank to investigate strategic options for the big Belgian-based outdoor retailer, which also owns Bever Zwerfsport in the Netherlands and Cotswold Outdoor in the U.K. The options may include a public offering or a transfer of ownership (more in The Outdoor Industry Compass).
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News briefs
Head has launched a new tender offer to buy back...
Head has launched a new tender offer to buy back its shares, but this time it's not conditional on the number of shares tendered, and the company is offering to pay only €1.60 a share instead of the previously offered price of €1.90. According to Head, shareholders who own more ...
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News briefs
Shock Doctor Sports, best known for its mouth guards, has...
Shock Doctor Sports, best known for its mouth guards, has been acquired by Bregal Partners, a middle-market New York-based private equity firm, for an undisclosed amount. Shock Doctor had been owned since 2008 by Norwest Equity Partners, an investment firm based in Minneapolis. Bregal's portfolio of investments focuses on consumer ...
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News briefs
Groupe Go Sport's parent company, Rallye has successfully placed a...
Groupe Go Sport's parent company, Rallye has successfully placed a new seven-year bond worth €500 million. Bearing a yield of 4 percent, it was significantly oversubscribed. Banca IMI, BNP Paribas, CM-CIC, Société Générale, The Royal Bank of Scotland and UBS acted as joint bookrunners for the new bond issue. BNP ...
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News briefs
Sports Direct International is proposing to grant a special conditional...
Sports Direct International is proposing to grant a special conditional option on eight million ordinary shares, worth a total of £65.8 million (€79.6m-$109.7m) to its founder and major shareholder, Mike Ashley, in recognition of its success. Ashley already owns 62 percent of the shares. The award would be granted to ...
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News briefs
Direct Golf UK is investing in new storage and distribution...
Direct Golf UK is investing in new storage and distribution systems. The Yorkshire-based specialist golf retailer has outgrown its existing home in an old textile mill in Huddersfield and has joined forces with Mosaic Fulfilment Solutions (MFS) to move its outdated storage and distribution center to Wetherby. MFS will provide ...
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News briefs
Calida Holding of Switzerland has ended up with 59.92 percent...
Calida Holding of Switzerland has ended up with 59.92 percent of the shares in the Lafuma Group, up from 53.07 percent as of last Dec. 31, after a series of refinancing measures that have cut down its debt drastically and boosted equity to $56.88 million. A positive operating cash flow ...
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Short stops
Jarden Corp. intends to market $600 million worth of senior...
Jarden Corp. intends to market $600 million worth of senior convertible notes and to use $250 million out of the net proceeds to buy back some of its shares
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News briefs
Accell Group announced that its shares will be included in...
Accell Group announced that its shares will be included in the Midcap index (AMX) of Euronext Amsterdam beginning March 24. The AMX index is made up of 25 medium-sized listed companies on Euronext Amsterdam. It is the first time the Accell Group enters the AMX index since the company's listing ...
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News briefs
Nautilus is said to searching for a “modest” new acquisition...
Nautilus is said to searching for a “modest” new acquisition while spending more time developing its international business by working more closely with distributors in key regions. The company saw its net income from continuing operations leap to $47.9 million last year from $16.9 million the year before as total ...
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News briefs
To better define sales and marketing activities, Swix Sports has...
To better define sales and marketing activities, Swix Sports has reorganized its company into two separate internal organizations – Sport and Outdoor. Though retailers and consumers will not be able to tell any difference, all Swix and Toko activities now fall under the Sport organization, while the brands Lundhags and ...
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News briefs
Hickies, the two-year-old American company that has launched an innovative...
Hickies, the two-year-old American company that has launched an innovative elastic lacing system for shoes, has raised $4.2 million in funding through the Collaborative Fund and the venture arm of an unnamed global footwear brand. Based in Brooklyn, New York, the company intends to use the proceeds for the development ...
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News briefs
Dahon, the folding bike company based in California, is planning...
Dahon, the folding bike company based in California, is planning to go public on the Taiwan Stock Exchange. It has also formed a new subsidiary in Taiwan that wil handle R&D, purchasing and the distribution of its products in Taiwan. Founded by David Hon, a physicist who had been working ...
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News briefs
Pure Fishing, the global provider of fishing tackle brands such...
Pure Fishing, the global provider of fishing tackle brands such as Penn and Berkley, has acquired substantially all of the assets of Cutting Edge Lures, an Australian provider of tropical and freshwater fishing lures marketed under the Rob Gaden brand name. Based in the Australian town of Coffs Harbour, in ...
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News briefs
Singapore is building up as an important development hub for...
Singapore is building up as an important development hub for sporting goods companies in Asia (see also the article on Oxylane in this issue). Mizuno Corporation has set up an office in Singapore to coordinate its activities in Southeast Asia, India and New Zealand. Kiyoshi Tatani has been appointed president ...
