All Corporations articles – Page 161
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Sports Direct International (SDI) has confirmed that Mike Ashley reduced...
Sports Direct International (SDI) has confirmed that Mike Ashley reduced his stake in the company from 68.6 percent to 64.4 percent. He previously owned up to 71 percent of the company that he founded, but his stake was diluted because of employee bonus schemes. Ashley reportedly sold the shares at ...
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Intersport France is taking over a French factory to assemble...
Intersport France is taking over a French factory to assemble there about 200,000 bicycles annually under its private Nakamura label for distribution on the French market. Operational levels should soon be extended to 300,000 units, and some production may be sold at Intersport stores in other countries at a later ...
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Kanabeach has been placed in liquidation. The commercial court of...
Kanabeach has been placed in liquidation. The commercial court of Brest, in the French region of Britanny, found that insufficient guarantees had been proposed by Alexis Bernard and his partner, David Marrec, to leave the French surfwear company in operation with a reduced staff of 24 employees, out of 62, ...
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Iconix Brand Group, which recently purchased Umbro International and other...
Iconix Brand Group, which recently purchased Umbro International and other companies, has announced a proposed private placement of $325 million worth of convertible senior subordinate notes with selected shareholders. The initial purchaser of the notes will also be granted a 30-day option to acquire an additional $50 million worth of ...
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PPR, parent company of Puma, Volcom, Gucci and a number...
PPR, parent company of Puma, Volcom, Gucci and a number of other sports and luxury goods brands, is thought to be planning to change its name to Kering, according to the Bloomberg news agency. The new name, which was reportedly registered in the U.S.last November, would be a reference to ...
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Sports Direct International, the largest sporting goods retailer in the...
Sports Direct International, the largest sporting goods retailer in the U.K., announced the takeover of some of the stores, assets and brands of Republic, one of the major young fashion retailers in the U.K., from its judicial administrators. Included in the takeover package are 114 out of the 121 Republic stores, substantially ...
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Luxottica plans to start manufacturing Oakley glasses by the end...
Luxottica plans to start manufacturing Oakley glasses by the end of this year in Brazil, where it is an iconic brand. The first locally made Arnette and Ray-Ban sunglasses will be made at the company's local Tecnol factory as of this month. In 2012, emerging markets represented 12 percent of ...
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The board of directors of Foot Locker, which has been...
The board of directors of Foot Locker, which has been faring well financially, has approved a $220 million investment program for the current year. That is far more than the $163 million spent last year. The money will be invested in various fields of expansion such as the development and roll-out of ...
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Björn Borg, the licensee of the former Swedish tennis champion by...
Björn Borg, the licensee of the former Swedish tennis champion by this name, is to acquire its operations in Finland from the current distributor, Fashion Case Oy, owned by Anne Immonen. After the acquisition, Björn Borg will become the principal owner. Ove Asplund, previously a sales manager for JC and a store ...
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François-Xavier Chupin, the French entrepreneur who licenses the Kappa brand...
François-Xavier Chupin, the French entrepreneur who licenses the Kappa brand and others in France and other neighboring countries through a company called Sport Finance, is said to have become an apparel licensee for the Sergio Tacchini brand through another company called Fashion Distribution. The deal has not yet been officially ...
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JD Sports Fashion is not confirming reports that it is...
JD Sports Fashion is not confirming reports that it is about to enter the Dutch market through the takeover of Setpoint, a local menswear retailer with 17 stores in the country that are facing a possible shutdown. The reports indicate that they may be converted into JD stores. Separately, JD ...
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Lenzi Egisto, an important Italian supplier of innovative textiles to...
Lenzi Egisto, an important Italian supplier of innovative textiles to the athletic shoe industry, is going into liquidation. Its family shareholders, who refused to inject money into the company after the death of Egisto Lenzi in July 2009, have approved a proposal to split the assets and sell them separately ...
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Next October, the expansion of XXL Sport in Sweden will...
Next October, the expansion of XXL Sport in Sweden will continue with the opening of a large warehouse of 20,000 square meters in the Swedish town of Örebro, which may be subsequently expanded to up to 60,000 m². By locating its newest distribution center in Örebro, the Norwegian sporting goods ...
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The Spanish subsidiary of Li Ning, LN Plus Iberoamerica, is...
The Spanish subsidiary of Li Ning, LN Plus Iberoamerica, is seeking to get payments from Spanish retailers and sponsored clubs to reduce the amounts owed to creditors, but it is not sure whether it will continue to operate in the country, according to a local fashion news website, moda.es. Last ...
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JD Sports Fashion has acquired Gio Goi, a British young...
JD Sports Fashion has acquired Gio Goi, a British young fashion brand that fell into administration, a former of bankruptcy, last month. The brand was previously controlled by Pentland Group, which is also JD's majority shareholder. According to reports in the British press, Sports Direct International had shown interest in ...
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Short stops
Apax Partners has completed the acquisition of Cole Haan,...
Apax Partners has completed the acquisition of Cole Haan, and Jack Boys has become its chief executive, as planned
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Tecnica Group and its advisors have stopped looking for companies...
Tecnica Group and its advisors have stopped looking for companies that may be interested in buying its 60 percent interest in Lowa. They are currently evaluating the opportunity to accept the offer of an unnamed strategic investor. While the sale of Lowa could bring in fresh money, Tecnica would lose ...
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Cybex International will be “going private” after shareholders overwhelmingly approved...
Cybex International will be “going private” after shareholders overwhelmingly approved the sale of the outstanding publicly traded shares to the company's largest shareholder, UM Holdings, on Feb. 6. The merger was approved in October by the company's board of directors. Based in Medway, Massachusetts, the manufacturer of fitness equipment will now ...
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News briefs
An institutional investor based in Chicago, Winona Capital Management, has...
An institutional investor based in Chicago, Winona Capital Management, has acquired a minority stake in LK International, the Swiss company that markets the Kjus brand of activewear, through a capital increase. A partner in Winona, Luke Rees, has been appointed to LK's board of directors. As he was for many ...
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Short stops
Bauer Performance Sports has completed a secondary offering of...
Bauer Performance Sports has completed a secondary offering of new shares which raises the stake held by Kohlberg Funds to 31.0 percent on a non-diluted basis and 25.5% on a fully diluted basis
