All Corporations articles – Page 149
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News briefs
Exceed Corporation has decided to adjourn a special shareholders' meeting...
Exceed Corporation has decided to adjourn a special shareholders' meeting that was going to vote on April 16 to take the Chinese company private, based on a merger proposal made last December. Pan Long Company, the investment vehicle of Exceed's chief executive, Shuipan Lin, was going to take over all ...
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News briefs
Zalando became a limited liability corporation (AG) last December, but...
Zalando became a limited liability corporation (AG) last December, but it will again change its status to a Societas Europaea (SE), or European corporation, next summer. The change is expected to facilitate cooperation across national borders for this big and growing German-based internet retailer, which is still considering a public ...
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News briefs
Italy's Bressan group, which specializes in the design and development...
Italy's Bressan group, which specializes in the design and development of rather technical outdoor and ski apparel through a company called Prisma 2, has taken over all the assets of Garmont and its personnel, but not its liabilities, through a new company called Garmont International. The company's former owner and ...
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News briefs
VF Corporation has opened a new distribution center in Kunshan,...
VF Corporation has opened a new distribution center in Kunshan, China, that will handle 30 million units of products annually and employ nearly 400 people. The new 85,000-square-meter facility represented an investment of more than $60 million, representing VF's largest infrastructure investment in China to date. In 2013, VF's total revenues ...
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News briefs
Kering, the French parent company of Puma and Volcom, has...
Kering, the French parent company of Puma and Volcom, has agreed to help Kelly Slater to develop his own brand. The legendary American surf champion, who is now about 42-years old, has put an end to a 23-year association with Quiksilver, which is focusing on its major brands. Company officials ...
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News briefs
The parent company of Supra footwear, One Distribution, has relocated...
The parent company of Supra footwear, One Distribution, has relocated its European office from the Basque coast of France to Barcelona, occupying a newly designed, 1,000-square-meter building in the Poblenou area of the city. The company has also signed a contract with Blue Distribution of Italy for the Greek market.
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News briefs
Nordea Funds Oy's stake in Rapala VMC Corporation has risen...
Nordea Funds Oy's stake in Rapala VMC Corporation has risen to 11.07 percent. Meanwhile, Rapala has decided to cancel 468,449 treasury shares, reducing their total number of 465,407, representing 1.2 percent of the equity.
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News briefs
A total of 438 shares granted as share-based incentives were...
A total of 438 shares granted as share-based incentives were returned to Amer Sports on March 18, 2014 in accordance with the terms of the incentive plan as the beneficiaries' employment ended. Amer now holds a total of 572,699 treasury shares, corresponding to 0.48% of all the company's shares.
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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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News briefs
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 ...
