All Corporations articles – Page 156
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News briefs
Callaway Golf Company has entered into an agreement to retire...
Callaway Golf Company has entered into an agreement to retire 233,843 outstanding 7.5 percent convertible preferred shares. The holders are getting in exchange 2.39 million newly issued convertible shares and special cash dividends. This will leave 183,796 preferred shares still outstanding.
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News briefs
Bike Europe reports that Ideal Bike Corporation is preparing to...
Bike Europe reports that Ideal Bike Corporation is preparing to shift its production for European Union (EU) markets from Taiwan to China, after it obtained an exemption on anti-dumping duties of 48.5 percent for imports of assembled bicycles from China into the EU. Ideal, the third-largest Taiwanese bicycle producer, opened ...
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News briefs
Sergio Tacchini plans to close down its last remaining store...
Sergio Tacchini plans to close down its last remaining store at the end of September as part of its transformation into a brand management and licensing company. The store is located in Gallarate, near Milan. The company has already shut down its factory outlet and its showroom in the area ...
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News briefs
Jarden Corporation is raising the number of shares in its...
Jarden Corporation is raising the number of shares in its secondary offering from 11.6 to 15 million, priced at $47 each. The proceeds of $678.7 million, which would increase to $781.4 million if an overallotment option is exercised, would help finance the group's newly announced acquisition of Yankee Candle Investments, ...
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News briefs
A fire damaged property, equipment and inventories in three factories...
A fire damaged property, equipment and inventories in three factories operated by Yue Yuen in Serang, Indonesia, on July 8. The blaze was brought under control within three hours and nobody was injured, but the company said in a statement that this may delay its deliveries. The production has been ...
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News briefs
Heelys is undergoing a makeover under the ownership of Sequential...
Heelys is undergoing a makeover under the ownership of Sequential Brands Group, which acquired the brand of wheeled footwear at the beginning of this year. A TV commercial due to be broadcast in October in the Americas as well as in Europe and Asia will mark the launch of a ...
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News briefs
Intersport PSC Holding, the Swiss licensee of Intersport, warns shareholders...
Intersport PSC Holding, the Swiss licensee of Intersport, warns shareholders that it will have to book extraordinary losses for the current financial year due to the failure of negotiations to take over some of the assets of a major client and partner, which is understood to be Universal Sport. The ...
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Short stops
Quiksilver Europe has told its 738 employees that it is...
Quiksilver Europe has told its 738 employees that it is contemplating the elimination of 38 jobs
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News briefs
There has been some agitation in Billabong International's stock quotation...
There has been some agitation in Billabong International's stock quotation in the past few days, which rose to a high of 65 Australian pennies earlier today. It was probably linked to an investment by Coastal Capital International, which now has 5 percent of the voting shares. Meanwhile, Paul Naude, the ...
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News briefs
Coalision, the holding company behind brands such as Lolë and...
Coalision, the holding company behind brands such as Lolë and Paradox, has announced the sale of Orage, the Canadian ski outerwear brand, to Orage's co-founder, Eric D'Anjou, and a freeskier, Mike Nick. D'Anjou, the original founder of Orage in 1989, will act as Orage's president, overseeing product development, finance and operations. ...
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News briefs
An Italian investment firm, Tamburi Investment Partners (TIP), has paid...
An Italian investment firm, Tamburi Investment Partners (TIP), has paid €103 million for a 14 percent stake in Ruffini Partecipazioni, the company through which Remo Ruffini controls 32 percent of Moncler. Ruffini is also Moncler's chairman and creative director. TIP's investment suggests a mid- to long-term vision for the brand ...
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News briefs
Quiksilver plans to offer $500 million worth of senior secured...
Quiksilver plans to offer $500 million worth of senior secured notes. Half of them would be due in 2018 and the other half in 2020. The bonds will be secured and unconditionally guaranteed on a senior basis by some of Quiksilver's U.S. subsidiaries. The proceeds would be used to redeem ...
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News briefs
Implus has announced the acquisition of the shoe care, insole,...
Implus has announced the acquisition of the shoe care, insole, and shoe lace assets of the Pennsylvania-based Penguin Brands, one of Implus' major competitors in the shoe care category. Implus' family of brands also includes Sof Sole, Yaktrax, Apara, Airplus, Sneaker Balls, Sof Comfort, Little Hotties, Perfect Fitness and ICETrekkers. For ...
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Short stops
Footlocker has completed the acquisition of Runners Point in...
Footlocker has completed the acquisition of Runners Point in Germany
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News briefs
The Swiss renting agency Rent A Bike and the Swiss...
The Swiss renting agency Rent A Bike and the Swiss Intersport, whose equipment rental operations specialize in winter sports equipment, have signed a long-time cooperation for bike rentals in Switzerland, starting with the spring of 2014. Rent A Bike and Intersport will develop a network of rental stations together via ...
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News briefs
Diadora's parent company, LIR, has reportedly bought back the rights...
Diadora's parent company, LIR, has reportedly bought back the rights to the brand for China, Hong Kong and Macau for €9.2 million from Win Hanverky, a big Chinese apparel manufacturer that has also been a licensee of Umbro for many years. Without quoting the price of the transaction, a statement ...
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News briefs
GE, the marketer of the waterproof and breathable laminates, has...
GE, the marketer of the waterproof and breathable laminates, has announced a strategic partnership with the Dishang Group, a major original manufacturer and exporter of textiles. Dishang has agreed to provide completely integrated eVent solutions for the design, sourcing and production of apparel. The group will support GE in the ...
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News briefs
Wolverine Worldwide has decided to carry out a two-for-one stock...
Wolverine Worldwide has decided to carry out a two-for-one stock split. Shareholders registered by Oct. 1 will receive one new share for each one that they own, and their market price will be cut in half. After the stock split, they will receive a dividend of 6 cents per share, ...
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News briefs
New Wave Group of Sweden, parent company of Craft, has...
New Wave Group of Sweden, parent company of Craft, has acquired the rights to distribute its Craft performance apparel brand in the U.S. and Canada from Karhu North America, which had been Craft's exclusive distributor in North America since 1999. The acquisition was made through New Wave USA, a wholly ...
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News briefs
Billabong International's depressed share value went up by 46 percent...
Billabong International's depressed share value went up by 46 percent on June 25 as the Australian company reported that separate discussions were “well advanced” with two investment consortia led by Altamont Capital Partners and Sycamore Partners for the sale of its assets. The company said that the proceeds would be ...
