All Corporations articles – Page 168
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News briefs
VF Corporation reportedly plans to reduce footwear sourcing in the...
VF Corporation reportedly plans to reduce footwear sourcing in the southern part of China to 11 million pairs by 2016, down from 40 million pairs in 2010. It plans to source more shoes from northern China, Vietnam, Bangladesh and elsewhere.
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In reporting very good results for the first quarter, Dick's...
In reporting very good results for the first quarter, Dick's Sporting Goods described its recent £20 million (€150.0m-$186.1m) investment in JJB Sports as a “high-risk, high-reward” proposition. It expressed confidence in the new management of the British chain to turn it around, without diverting the attention of the U.S. management. ...
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Hanesbrands is looking to improve its margins and focus more...
Hanesbrands is looking to improve its margins and focus more on its branded portfolio in the Americas and Asia, and one of its actions is selling it European imagewear division. Smartwear will buy the division, which accounts for about 8 percent of Hanesbrands' revenues, for €15 million. Hanesbrands said that ...
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There seem to be at least two or three serious...
There seem to be at least two or three serious potential bidders the MTB brand and other related assets. Meanwhile, MBT's sales subsidiaries in the U.K., Germany and the Netherlands have followed the parent company into bankruptcy proceedings. Some of the MBT stores in the U.K. are reportedly being shut ...
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News briefs
Puma has formally established a 100 percent owned subsidiary in...
Puma has formally established a 100 percent owned subsidiary in Israel. It will begin operations next Jan. 1 under the management of Guy Daneman, and it will start opening Puma stores at strategic locations as of 2013. Grundman & Company, which has been representing the brand in Israel for more ...
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News briefs
A 17-year-old Chinese manufacturer of dress and athletic shoes, Zhejiang...
A 17-year-old Chinese manufacturer of dress and athletic shoes, Zhejiang Red Dragonfly Footwear, has filed for an IPO, after waiting for two years to do so. Reportedly, the company had a profit of 294 million yuan renmimbi (€37m-$47.1m) on sales of RMB2,672 million (€332m-$421m).
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Pacific Brands says it has abandoned discussions over a possible...
Pacific Brands says it has abandoned discussions over a possible sale of the Australian company, whose results will be “materially down” this year
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News briefs
Rumors are circulating about a possible new change of ownership...
Rumors are circulating about a possible new change of ownership for Cisalfa Sport, the leading sporting goods retailing group in Italy that also owns Intersport Italia. The rumors indicate that its founder, Vincenzo Mancini, may buy back Cisalfa after sounding out potential investors in the U.K., Austria and Russia. Cisalfa's ...
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Zilyan, a Turkish shoe manufacturer, has acquired the Italian brand...
Zilyan, a Turkish shoe manufacturer, has acquired the Italian brand Lumberjack (more in Shoe Intelligence)
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News briefs
Together with four Swiss nationals who are acting as minority...
Together with four Swiss nationals who are acting as minority shareholders, Tony Hutchinson has bought back the shares of International Brand Licensing (IBL), the company that was managing the rights for the Admiral brand, to use it for the launch of an interesting brand of bodywear, Muscle Athletic, through the ...
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Viellard Migeon & Cie. has raised its direct and indirect...
Viellard Migeon & Cie. has raised its direct and indirect shareholding in Rapala VMC to 30.44%, and it has been granted an exemption from the obligation to launch a full takeover bid for the Finnish-based company
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News briefs
Prince expects to come out of bankruptcy proceedings and to...
Prince expects to come out of bankruptcy proceedings and to fall under the full ownership of Authentic Brands Group after a final court hearing scheduled for May 24 and a meeting with creditors on June 5. According to court documents, Prince generated sales of $35 million last year in Europe, ...
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News briefs
Sundek, the Italian brand of colorful boardshorts, is up for...
Sundek, the Italian brand of colorful boardshorts, is up for sale, according to the Italian press, as its controlling shareholder, an equity investment fund called DGPA, has decided to get out of the garment sector. The company, which had a reported turnover of €25 million last year, has been diversifying ...
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Iconix Brand Group has completed the formation of a joint...
Iconix Brand Group has completed the formation of a joint venture in India with the Reliance Industries Group
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News briefs
Sporteam is a new Spanish buying group, set up to...
Sporteam is a new Spanish buying group, set up to coordinate purchases of products and services by sports clubs, municipal procurement offices and other institutions. Reportedly, the members can get discounts of up to 60 percent on balls and other types of equipment.
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News briefs
Golf Town, the largest golf retail chain in Canada, has...
Golf Town, the largest golf retail chain in Canada, has struck an agreement to acquire Golfsmith, the largest golf retailer in the U.S., in a merger deal that would create the world's largest specialty golf retailer, with about 150 stores in North America and annual sales approaching $800 million. Golfsmith ...
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Sportéco, the French trade magazine controlled by Horst Frankl of...
Sportéco, the French trade magazine controlled by Horst Frankl of SAZ, has launched a trade publication for the French bicycle market, called Bikéco
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Frank Koch, a German veteran of the fitness equipment industry,...
Frank Koch, a German veteran of the fitness equipment industry, has become managing director of a new company, Sportart 3, that will be responsible for the distribution of a new line of Adidas badminton racquets and other Adidas branded products for boxing and martial arts in the German-speaking countries and ...
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News briefs
The Ziener family, which owns the German producer of gloves...
The Ziener family, which owns the German producer of gloves by the same name, has sold a 34.5 percent share of the company to an institutional investor. Sport-Fachhandel, the German trade publication, reports that the new partner is Hannover Finanz Gruppe, a private equity company that has 44 companies in ...
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News briefs
Rectifying some recent press reports, the management of Regatta Group...
Rectifying some recent press reports, the management of Regatta Group indicates that the total number of its warehouse employees in the U.K. should grow from 165 to 220 as part of a reorganization of its logistics that will see each of its three brands – Regatta, Dare2b and Craghoppers – centralizing ...
