All Corporations articles – Page 169
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Meryl Fiber, the French-Italian manufacturer of nylon fibers, has been...
Meryl Fiber, the French-Italian manufacturer of nylon fibers, has been ordered by a bankruptcy court to immediately shut down its French factory, which employs 343 people. The company suffered a big loss in 2011 as its sales dropped to €70 million from €85 million the year before. A cash squeeze ...
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CDC Enterprises has injected €1.6 million more into Avance Diffusion,...
CDC Enterprises has injected €1.6 million more into Avance Diffusion, parent company of Degré 7, Duvillard and other apparel brands, bringing up its total investment in the French company to €4.5 million since its first step in August 2010. Including other brands, Avance Diffusion had total revenues of more than ...
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None of 125 people working at the head office of...
None of 125 people working at the head office of Champion Europe in Carpi was injured. Same for the 75-odd employees at the nearby office in Campogalliano of Game 7 Athletics, the Italian sporting goods retail chain owned by Champion Europe. However, they were all told to go home last Tuesday, after the second shock ...
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DVS Shoe, the American action sports company that filed for...
DVS Shoe, the American action sports company that filed for Chapter 11 bankruptcy protection last week, is hoping to draw bids of at least $4.3 million at an auction to be held in June – if approved by the bankruptcy court. The company filed for bankruptcy protection under a procedure ...
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Sport-Master, the largest cooperative of sporting goods retailers in Denmark,...
Sport-Master, the largest cooperative of sporting goods retailers in Denmark, is going to become an integrated retail chain. An equity investment company, Nordic Capital Fund VII, has signed an agreement to take it over, along with its parent company, Sport Danmark, and 96 percent of its 100-plus affiliated stores trading ...
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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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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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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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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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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.
