All Corporations articles – Page 155
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Short stops
GoPro, a maker of high-definition action cameras with annual revenues...
GoPro, a maker of high-definition action cameras with annual revenues reported to be around $80 million, is said to be considering a public offering
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A Swedish online sporting goods retailer, Sportamore, has announced its...
A Swedish online sporting goods retailer, Sportamore, has announced its intention to broaden its ownership through a public offering. It is aiming for a listing on the Nasdaq OMX small-cap exchange in 2014. If the proposal is voted through, the general public in Sweden will be offered a maximum of ...
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Johnson Outdoors has announced the replacement of its revolving credit...
Johnson Outdoors has announced the replacement of its revolving credit facility with a streamlined capital structure, reducing annual borrowing costs. The new debt financing includes a cash flow-based loan agreement, with fewer financial covenants and simplified reporting requirements compared with the previous asset-based facility. The revolving credit facility provides financing ...
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Austro Holding, the majority shareholder of Deeluxe, has pulled out...
Austro Holding, the majority shareholder of Deeluxe, has pulled out of its investment in this brand of snowboard boots. The people now controlling Deeluxe Sportartikel Handels GmbH are Klaus Brandstätter, the chief executive of the company since its foundation in 2002, and Friedrich Obholzer, an Austrian investor and tax consultant. ...
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Invista is taking back a license that it had granted...
Invista is taking back a license that it had granted to Advansa for its polyester-based Coolmax and Thermolite brands of fibers, which covered Europe, Middle East and Africa (EMEA), allowing it to market these brands globally. In addition, Invista, which continues to own other brands such as Lycra and Cordura ...
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New Balance has just started the construction of a complex...
New Balance has just started the construction of a complex hosting its future world headquarters and other facilities in the Allston-Brighton area of Boston, at the western edge of the city. Boston's mayor, Thomas Menino, and the chairman of New Balance, Jim Davis, broke ground for the complex on Sept. 23. ...
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A Swedish venture capital firm, Scope, has become the majority...
A Swedish venture capital firm, Scope, has become the majority owner of Klättermusen, a Swedish producer of outdoor clothing, investing 30 million Swedish kronor (€34.9m-$47.2m) into the company. Jonas Meerits, a former chief executive of J.Lindeberg and a co-investor in Scope, will be the new chairman of the board. Staffan Rönn, ...
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Erhard Sport, which had filed for insolvency, has been taken...
Erhard Sport, which had filed for insolvency, has been taken over by a company in Frankfurt called Deutsche Mittlestandsholding (DMH). Clemens Weigand, a former country manager of Columbia Sportswear, continues to run Erhard with a reduced staff of 131 people, down from 173 before.
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Head and HTM Sports have raised their new bond offer...
Head and HTM Sports have raised their new bond offer from €45 million to €60 million, following additional demand from investors. HTM, which is a subsidiary of Head, will hold an amount of €6.5 million. The bond, which was issued in Switzerland by HTM in behalf of both companies on ...
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Sequential Brands Group, owner of Heelys and other brands, has...
Sequential Brands Group, owner of Heelys and other brands, has begun trading on the Nasdaq stock exchange
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Puma's listing on the Frankfurt stock exchange has moved from...
Puma's listing on the Frankfurt stock exchange has moved from the MDax index to the SDax index for smaller German firms. The demotion has been explained by a 7 percent drop in the company's stock market capitalization in the last 12 months and the fact that less than 20 percent ...
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Jack Wolfskin is gearing up for a rebound in sales,...
Jack Wolfskin is gearing up for a rebound in sales, as it begins to fully implement a wide range of structural and strategic changes, and to invest further in international markets. On the back of sharply increased orders, the German outdoor company predicts that its sales will pick up at ...
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The initial public offering for Moncler is now slated for...
The initial public offering for Moncler is now slated for Dec. 9. The Italian company is reportedly seeking a valuation of €2.3 billion for 100 percent of its capital, but only 25 percent of it would be offered to the public. Meanwhile, Luciano Santel is leaving as president and managing ...
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Manchester United's owners have set in motion the possible sale...
Manchester United's owners have set in motion the possible sale of up to 23 million of their shares, worth up to $400 million. The shares are being offered through Red Football LLC, the investment vehicle of the U.S.-based Glazer family, which has owned United since 2005. The news followed the ...
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Sports Direct International has completed the placement of 17.0 million...
Sports Direct International has completed the placement of 17.0 million ordinary shares by the Sports Direct Employee Benefit Trust, representing about 2.84 percent of the company's share capital, at a price of 660 pence per share. Sports Direct's employees had decided to sell them as a portion of those that ...
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Skullcandy has obtained a credit line of up to $50...
Skullcandy has obtained a credit line of up to $50 million, secured against the company's assets, from Wells Fargo Bank. The company says it will be used for general corporate purposes. The credit line provides for letters of credit of up to $10 million.
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According to its annual report, Nike made more Nike branded...
According to its annual report, Nike made more Nike branded footwear in Vietnam than in China during its latest financial year, ended last May 31. It sourced 42 percent of the volume from Vietnam as compared to 30 percent in China and 26 percent from Indonesia. The report also showed ...
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IMG Worldwide has acquired J. Patton Sports Marketing, a leading...
IMG Worldwide has acquired J. Patton Sports Marketing, a leading provider of brand protection and brand management solutions specializing in patented holographic security technologies and digital asset management. Based in the metropolitan area of Atlanta, Georgia, J. Patton develops solutions that help fight against counterfeiting, tampering and product diversions. IMG ...
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Foot Locker has completed its previously announced acquisition of Runners...
Foot Locker has completed its previously announced acquisition of Runners Point Group, the German-based specialty athletic retailer, with effect from July 7. With a total turnover of €197 million in 2012, the group operates a good e-commerce platform and more than 200 athletic sports stores under the Runners Point and ...
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After redeeming practically all its high-interest bonds, Head has announced...
After redeeming practically all its high-interest bonds, Head has announced the issuance next Sept. 26 of a new €45 million bond with a fixed annual coupon of 5.25 percent. The five-year bond will be denominated in euros and issued by HTM Sport in Switzerland. It will be listed on the ...
