All Corporations articles – Page 171
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Confirming a report in SAZ, a spokesperson for Bawag says...
Confirming a report in SAZ, a spokesperson for Bawag says the Austrian bank sold its last remaining stake in Atomic to Amer Sports last January, but declined to specify the terms of the transaction. Amer first took over a 90 percent stake in Atomic in 1994 from the bank, and ...
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Snapdeal.com, which claims to be the largest e-commerce shopping portal...
Snapdeal.com, which claims to be the largest e-commerce shopping portal in India, has acquired eSportsbuy.com, an online sports store launched in the country last year. Snapdeal, which started in February 2010, claims to have 15 million members.
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Now that it has set its house in order on...
Now that it has set its house in order on the hardware front, the Rossignol Group is negotiating to buy back its apparel business from Look. The business is already largely integrated into the group in terms of brand strategy and management, operating out of Rossignol's headquarters. In the financial ...
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Benetton Group is leaving the stock exchange after 26 years...
Benetton Group is leaving the stock exchange after 26 years of trading. Shareholders tendered 92.37 percent of the shares in Benetton Group for €4.60 a share by the deadline last Friday. That was below the 95 percent level originally requested by Edizione for completion of the transaction, but the company ...
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Columbia Sportswear is about to lay off 80 employees from...
Columbia Sportswear is about to lay off 80 employees from its global staff, representing 2 percent of its total workforce. The cuts concern mainly the headquarters in the U.S. and the European subsidiary. Officials at the latter operation, which is based in Geneva, declined to comment, but the headquarters in ...
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Altor, the Nordic investment fund that acquired Helly Hansen in...
Altor, the Nordic investment fund that acquired Helly Hansen in 2006 for about $140 million, is expected to start accepting offers for the Norwegian company's takeover in the next few days, according to Reuters. As already reported, Columbia Sportswear, Jarden Corporation, PPR and VF Corporation are thought to be interested, ...
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Volcom is slimming down, following its acquisition by PPR last...
Volcom is slimming down, following its acquisition by PPR last year. A spokesperson has reported the elimination of 30 jobs, without any further details, because of “continued challenges in the U.S. retail environment and the current economic situation in Europe.” Prior to the change in ownership, the company employed about ...
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Apart from its investment in JJB Sports, discussed on the...
Apart from its investment in JJB Sports, discussed on the front page of this issue, Dick's Sporting Goods has completed the purchase of the trademark rights for Top-Flite, the brand of golf balls owned by Callaway Golf, for $20 million. Callaway said that is was eager to focus on the ...
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The creditors of Asolo have approved a settlement of the...
The creditors of Asolo have approved a settlement of the company's debts, proposed by the court of Treviso, allowing the highly secretive Italian company to get out of bankruptcy protection proceedings without liquidating any of its remaining assets. The settlement, which was approved on March 15, calls for the repayment ...
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Short stops
Eurosima, the European surf industry association, is moving its head...
Eurosima, the European surf industry association, is moving its head office from Capbreton to Hossegor, where it will share the premises with those of the French Surfing Federation
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Golden Equity Investments, a private equity firm based in Colorado,...
Golden Equity Investments, a private equity firm based in Colorado, is the new owner of Outlast Technologies, the maker of temperature-regulating technologies for apparel and footwear. Outlast said the acquisition will help improve its supply chain. There will be no changes in staffing, management or operations. The only change is ...
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Internetstores, one of the leading German online bicycles and outdoor...
Internetstores, one of the leading German online bicycles and outdoor retailers, has received an investment of €30 million from EQT Expansion Capital II. The private equity fund will become a substantial minority shareholder in Internetstores, while the majority will remain in the hands of its founder, René Köhler. The investment ...
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A large South Korean conglomerate, E-Land, is preparing a bid...
A large South Korean conglomerate, E-Land, is preparing a bid to acquire Collective Brands for $1.8 billion, together with institutional investors, according to the Bloomberg news agency. Collective is the parent company of Saucony and several other, more casual footwear brands such as Sperry Top-Sider, Keds and Stride-Rite. It also ...
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Shimano Europe Holding has bought BikeFitting.com, a company that translates...
Shimano Europe Holding has bought BikeFitting.com, a company that translates insights obtained from biomechanics into practical measuring instruments that can be used to optimize cycling efficiency and comfort. Shimano said that by gaining Bike Fitting's knowledge, it can develop its products to be even more customized for the needs of ...
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Short stops
Exceed Company, the Chinese firm that owns the Xidelong brand...
Exceed Company, the Chinese firm that owns the Xidelong brand of sports clothing and footwear, has delayed its financial report for 2011 and its fourth quarter, which was scheduled to come out on April 2, until the end of this month
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The creditors of Asolo approved last March 15 a settlement...
The creditors of Asolo approved last March 15 a settlement of the company's debts, proposed by the court of Treviso, allowing the Italian company to get out of bankruptcy protection proceedings without liquidating any of its remaining assets. The settlement calls for the repayment of between 35 and 100 percent ...
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Gordon Merchant, the founder of Billabong International, has bought 2.5...
Gordon Merchant, the founder of Billabong International, has bought 2.5 million new shares of the company to raise his stake from 15.1 percent to 15.8 percent. The company had been in talks about a takeover with the private equity group TPG, though the talks ended in February. Merchant's new, bigger ...
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Sport Partner reports that the fitness division of Accell Group,...
Sport Partner reports that the fitness division of Accell Group, the Dutch bicycle and fitness equipment company, has changed its name to Tunturi Fitness, after the Finnish brand that forms the largest share of its fitness equipment sales. The unit was previously called Accell Fitness Division. The company's managers told ...
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Kanabeach, a French brand of surf-inspired clothing and accessories, has...
Kanabeach, a French brand of surf-inspired clothing and accessories, has been placed in receivership, with the obligation to come up with a reorganization plan within six months. One main reason was apparently the roll-out of an expensive network of company-owned stores. The company already closed three stores and sold its ...
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Li & Fung, the Hong Kong-based sourcing behemoth, said that...
Li & Fung, the Hong Kong-based sourcing behemoth, said that Bangladesh moved ahead of Vietnam and Indonesia to become its second-largest production base last year. Bangladesh improved its apparel production, while rising costs in Vietnam made it harder for the country to compete for low-cost orders. China remains the biggest ...
