All Corporations articles – Page 158
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PPR, the French-based parent company of Puma and Volcom, is...
PPR, the French-based parent company of Puma and Volcom, is now listed on the Euronext stock exchange as KER. The company's annual shareholders meeting on June 18 is set to change the company's name to Kering.
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El Corte Inglés, which is the largest department store group...
El Corte Inglés, which is the largest department store group in Europe and one of the largest retailers of sports products in Spain, has announced plans to restructure debts of about €5 billion with banks and various other financial institutions in Spain and abroad, taking advantage of the current low ...
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Erima has established a new subsidiary for the Danish market,...
Erima has established a new subsidiary for the Danish market, targeting an annual turnover of €2 million within the next five years. It will be directly steered by the controlling shareholder of the German team sports apparel company, Wolfram Mannherz. He will work with Thomas Liebsch, responsible for sales and ...
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SmartGuy, a 13-year-old Danish company that sells fashion and sports...
SmartGuy, a 13-year-old Danish company that sells fashion and sports clothing over the internet through the website SmartSport.dk, has reportedly purchased a German online sporting goods retailer, Sportprofi.de. The deal cost SmartGuy 8 million Danish kroner (€1.1m-$1.4m) for the German operation, which is expected to generate annual sales of between ...
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A court in Barcelona has accepted the voluntary bankruptcy of...
A court in Barcelona has accepted the voluntary bankruptcy of Vilella Sports, the former Spanish distributor of Mizuno. According to a report in Tradesport, the Japanese company had broken the relationship last January, claiming delays in payments, and is now planning to set up its own subsidiary in the country, ...
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Orvis has announced that it will acquire the Scientific Anglers...
Orvis has announced that it will acquire the Scientific Anglers and Ross Reels businesses from 3M. Upon completion of the transaction, the terms of which were not disclosed, Orvis plans to continue to operate these businesses independently. Orvis will not carry Scientific Anglers-branded fly lines in its catalog, stores or ...
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Li & Fung is contemplating the acquisition of Marina Yachting,...
Li & Fung is contemplating the acquisition of Marina Yachting, Henry Cotton's and other secondary brands of the Moncler group in association with the Argos Sotidic fund, according to Il Mondo. The Italian weekly magazine says that Moncler would then go public at the end of this year, with the ...
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Billabong International again halted trading in its shares on the...
Billabong International again halted trading in its shares on the Australian Securities Exchange last May 7, pending a new announcement regarding the sale of the company, but none has been made to this date. The Australian Financial Review said that the struggling surfwear company may be exploring a new refinancing ...
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Three banks have been reported, in the last few days,...
Three banks have been reported, in the last few days, as shareholders with more than 5 percent of the Adidas Group, a threshold that requires publication under German stock market rules. Two of the holdings were reported by the company as having risen above 5 percent on Monday: Commerzbank increased ...
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Brunswick Corp., parent company of Life Fitness, plans to sell...
Brunswick Corp., parent company of Life Fitness, plans to sell $150 million worth of senior notes, due in 2021, in a private placement with qualified institutional buyers. The net proceeds of the offering and cash on hand would be used to finance the redemption of all of the company's senior ...
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Dynafit is establishing a research and development center in Åre,...
Dynafit is establishing a research and development center in Åre, Sweden called the Dynafit Development Centre Åre. Dynafit will share offices in the Alpine National Arena with Åre's National Winter Sports Center, which provides access to cutting-edge research opportunities and the possibility to test products right on the slopes. Fredrik ...
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Swix Sport is diversifying into the counter-seasonal market of roller...
Swix Sport is diversifying into the counter-seasonal market of roller skis. The Norwegian company, known for its ski poles and other products, has bought the rights to Pro-Ski, a Swedish brand of roller skis. The line will continue to be manufactured at the Sternes Specialfabrik factory in Dala-Järna, Sweden. Swix ...
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Nike has raised $1 billion through two bond offerings, stating...
Nike has raised $1 billion through two bond offerings, stating that it may use them to pay for capital expenditures, share buybacks or acquisitions. One $500-million bond issue carries annual interest of 2.25 percent and a ten-year maturity, while the other pays 3.625 percent interest over a 30-year time span. ...
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Fenway Partners, which created the world's 13th largest sports equipment...
Fenway Partners, which created the world's 13th largest sports equipment company with the acquisition of Riddell in 2003, Bell Sports in 2004 and Easton Sports in 2006, has reportedly hired a financial advisor to help find new owners for all or parts of the combined operation, called Easton-Bell Sports. The ...
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Billabong International has announced a ten-day extension until May 8...
Billabong International has announced a ten-day extension until May 8 of a deadline previously set for completion of negotiations with Sycamore Partners and Paul Naude, Billabong's former top executive for the Americas, about their latest, reduced takeover offer of the equivalent of 287 million Australian dollars (€226.9m-$296.7m). An analyst at ...
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Canada Goose is on the lookout for new equity investors...
Canada Goose is on the lookout for new equity investors through a Canadian investment bank, Canaccord, says Reuters. The family-owned firm is apparently seeking new equity to support its strong growth, especially in the lifestyle segment of the market. For example, its sales in Germany have grown by 500 percent ...
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A Nike-backed waterless-dyeing company, DyeCoo Textile Systems, recently gained a...
A Nike-backed waterless-dyeing company, DyeCoo Textile Systems, recently gained a significant new investor in Ikea GreenTech, a venture capital division of the Swedish retailer. In February 2012, Nike announced that it would invest in DyeCoo Textile Systems, a Dutch company that developed the first commercially available waterless dyeing technology. DyeCoo's ...
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We had reported in the Compass on Feb. 21 that...
We had reported in the Compass on Feb. 21 that Tecnica Group was exploring the possibility of selling its controlling stake in Lowa, after receiving an expression of interest from an unnamed investor. Last week, the new chief executive of Tecnica Group, Peter Weaver, officially announced to us that ...
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Accell Group is adapting its organization in the Netherlands, following...
Accell Group is adapting its organization in the Netherlands, following the decline of the bicycle market in the country. The Dutch group has decided to merge the production of bikes for Batavus and Sparta at the Heerenveen site. The production for Sparta is currently located in Apeldoorn. In addition, the ...
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Lacoste has decided to reorganize its apparel production for the...
Lacoste has decided to reorganize its apparel production for the Spanish market by assigning it to Devanlay, the company's global licensee for apparel. The deal is effective from the beginning of 2015. The move will have a significant impact on Basi, the Catalonian-based company that has been Lacoste's apparel production ...
