All Corporations articles – Page 150
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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 ...
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News briefs
Nike has taken a minority stake in California-based Reflektion, an...
Nike has taken a minority stake in California-based Reflektion, an e-commerce start-up that uses analytics to predict shopping habits. Reflektion announced this week it has secured an $8 million series B round of venture capital for its technology that helps retailers personalize the online shopping experience for consumers. Intel Capital ...
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News briefs
Head NV has extended one more time its conditional share...
Head NV has extended one more time its conditional share buyback offer until March 31, stating that this will be a final opportunity for shareholders to tender their shares. The Dutch holding company of the Head group needs acceptances for more than 2.7 million shares for the buyback to go ...
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News briefs
The Merkur Shoe Group (MSG), a German cooperative of shoe...
The Merkur Shoe Group (MSG), a German cooperative of shoe retailers, is taking over 23 of the 50-odd stores of Fink Schue + Sport, the insolvent German retailer. Members of MSG will be running them as licensees of Fink. The receivers are looking for investors who would like to acquire ...
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News briefs
El Corte Inglés, the Spanish department store group that remains...
El Corte Inglés, the Spanish department store group that remains one of the major sporting goods retailers in its domestic market, is gearing up to launch a special web store in the U.K., Ireland and the Netherlands, proposing to become the biggest marketplace for Spanish brands in Europe. Desigual, which ...
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News briefs
Prince Global Sports is relocating its world headquarters from New...
Prince Global Sports is relocating its world headquarters from New Jersey to the Buckhead area of Atlanta following its 2012 acquisition by Waitt Company, which has installed Mike Ballardie as its chief executive. Ballardie, who has moved there from the U.K., feels that Atlanta is a natural site for the ...
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Short stops
An Italian fund, Finsea, acquires a 30% stake in Slam,...
An Italian fund, Finsea, acquires a 30% stake in Slam, the Italian brand of nautical clothing, which is said to be heavily indebted
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Short stops
French court authorities are soliciting applications by March 31 for...
French court authorities are soliciting applications by March 31 for the ownership of Duarig, which went into receivership last October
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News briefs
Dorotennis, the French brand of women's activewear owned by Max...
Dorotennis, the French brand of women's activewear owned by Max Azria, has been placed in receivership by a French court, three years after being placed in bankruptcy proceedings. Reports indicate that its turnover fell to €9.5 million in the financial year ended on Jan. 31, 2013 from €11.7 million in ...
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News briefs
Head has once again extended its conditional offer to buy...
Head has once again extended its conditional offer to buy back its own shares until 5 PM on Feb. 28, keeping the same price. It set the new date on Feb. 11 in reporting that only 16,440,287 shares had been tendered, 14.4 percent short of the minimum of 19,214,042 shares ...
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News briefs
Two major sports nutrition brands, Powerbar and Musashi, have been...
Two major sports nutrition brands, Powerbar and Musashi, have been sold by Nestlé to an American group, Post Holdings. Powerbar is better known in Europe than Musashi, which is mainly sold in Australia. Reportedly, the two brands of premium bars, powders and gels have been sold for twice their annual ...
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News briefs
Following a decision by the district court in Gothenburg, Sweden,...
Following a decision by the district court in Gothenburg, Sweden, Team Sportia's reorganization process is now complete, which means that the company can continue its operations. In a press release, the company's chief executive, Anders Edvardsson, indicated that the reorganization was made possible in part by the organizational changes that ...
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Short stops
Toray Industries has opened a new factory in the Czech...
Toray Industries has opened a new factory in the Czech Repubic and bought a piece of land in South Carolina for a factory that would service the whole American continent
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News briefs
Intersport France said that operations at its factory in Machecoul,...
Intersport France said that operations at its factory in Machecoul, in the French region of Loire-Atlantique, are progressing steadily, reaching higher levels of production than initially planned. In March 2013, Intersport took over a French factory there, formerly owned by Cycleurope, which was placed in liquidation, to assemble about 200,000 ...
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Short stops
Lenzing has received a loan of €100 million from the...
Lenzing has received a loan of €100 million from the European Investment Bank to support R&D and investments in new manufacturing capacities for its Tencel fibers
