All Corporations articles – Page 178
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News briefs
The NBA has decided to shut down its offices in...
The NBA has decided to shut down its offices in Paris and Tokyo, leading to 114 layoffs and to annual savings of about $50 million. The NBA lost about $300 million in the past season, and it stands to make further losses due to a lockout that began after efforts ...
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News briefs
As part of its decision to focus on its fashion...
As part of its decision to focus on its fashion and living segments, Macintosh Retail Group is seeking a buyer for its Halfords business, which includes bicycles, car and bicycle accessories, and navigation equipment. In September, Macintosh will issue an information memorandum to interested parties, and then choose potential buyers ...
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Rossignol's management indicates that it is still in preliminary discussions...
Rossignol's management indicates that it is still in preliminary discussions with European antitrust authorities about a project whereby Jarden Corporation and the Macquarie investment group, which currently owns the majority of Rossignol's shares, would share control of the company. While denying rumors of a veto, an executive of Rossignol said ...
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Fortune Brands, which plans to close on the $1.23 billion...
Fortune Brands, which plans to close on the $1.23 billion sale of Titleist, FootJoy and Pinnacle to Fila Korea and other investors this summer, plans to split the balance of its operations at the end of this year into two separate publicly traded units, one for spirits and wines, and ...
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News briefs
Following an interesting business model, the Adidas Group is indirectly...
Following an interesting business model, the Adidas Group is indirectly backing the development of new brands and new technologies through a new fund in San Francisco, Hydra Ventures. It is structured as a venture capital fund, but it is headed up by Tom Montgomery, who has beben head of corporate ...
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News briefs
The Swiss group Maus Frères, owner of Lacoste and Aigle,...
The Swiss group Maus Frères, owner of Lacoste and Aigle, has taken a majority stake in Eboutic.ch, the leading online retailer in Switzerland. It bought a 70 percent stake in the company for an undisclosed sum, leaving the remaining 30 percent under the control of Eboutic's founders, Arthur Dauchez and ...
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News briefs
Dema Bicycles of Slovakia and Planet Bicycles of Taiwan have...
Dema Bicycles of Slovakia and Planet Bicycles of Taiwan have formed a 50-50 joint venture called Bike Planet, with a goal of having production of city and touring bikes closer to the European market. Ravi Hingorani will head up the European operations of Bike Planet, bringing many years of experience ...
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News briefs
Bushnell Outdoor Products has created the Bushnell Eyewear Division, which...
Bushnell Outdoor Products has created the Bushnell Eyewear Division, which will be in charge of the Bollé, Bollé Safety, Cébé and Serengeti eyewear brands. Olivier Ciaravino is the head of the new division and will be based in the eyewear business' headquarters in Suresnes, France. It will have regional business ...
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News briefs
Pou Chen Corporation, the major shareholder of Yue Yuen (see...
Pou Chen Corporation, the major shareholder of Yue Yuen (see its results further down), indicates that it should be able to complete a major reorganization of its Asian production apparatus by end of 2012, in response to rising labor costs in Eastern China. It will relocate a large part of ...
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News briefs
TCN, the Dutch real estate company specializing in trademarts and...
TCN, the Dutch real estate company specializing in trademarts and business centers, has become the full owner of Brandboxx Salzburg and Brandboxx Hannover. It previously shared ownership of the two centers with CVI, a private equity partner. On a surface of about 40,000 square meters, the unit in Salzburg is ...
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News briefs
Accell Group, the Dutch company that owns a raft of...
Accell Group, the Dutch company that owns a raft of cycling and fitness brands, has agreed to take over all shares of Vartex, a Swedish trading company dealing in bicycles and bicycle parts. Accell is formally acquiring Vartex through Batavus, one of its subsidiaries and bicycle brands. Based in Varberg, ...
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Short stops
Garmin has agreed to acquire Navigon, a German company focusing...
Garmin has agreed to acquire Navigon, a German company focusing on portable navigation devices
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News briefs
Bernard Mariette, president and chief executive of Coalision, the Canadian...
Bernard Mariette, president and chief executive of Coalision, the Canadian owner of the Orage, Lolë and Paradox brands, has acquired a stake of 21 percent in the company through Pélican, an investment fund that he heads himself. Mariette said that the investment reflected his enthusiasm for the company and its ...
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News briefs
As part of its efforts to diversify its sourcing capacity...
As part of its efforts to diversify its sourcing capacity in South East Asia, Quiksilver has opened a new office in Jakarta. The company said that the facility would enable it to better support and expand its retail operations in the region. It should host Quiksilver design, sales, marketing and ...
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News briefs
PPR, the French luxury and sports lifestyle company, has obtained...
PPR, the French luxury and sports lifestyle company, has obtained 87.4 percent of Volcom's issued and outstanding shares at a price of $24.50 per share in cash, after the extension of its offering period until June 22. PPR intends to exercise the top-up option to purchase more shares directly from ...
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News briefs
Intersport Danmark stands to lose around 20 percent of its...
Intersport Danmark stands to lose around 20 percent of its turnover due to the expected pull-out at the end of this year of Sport 2010, a big chain of 14 stores that resulted from the recent merger of three retail members last year. It is leaving the voluntary group because ...
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News briefs
Groupe Lafuma decided last May 25 to issue shares worth...
Groupe Lafuma decided last May 25 to issue shares worth 2.03 percent of its capital, reserved for all of its employees, at a price of €19.11, which was below the current price. The share price of Lafuma has shot up in the last weeks and nearly doubled in the last ...
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News briefs
About 72.3 percent of Volcom's shares were tendered to PPR,...
About 72.3 percent of Volcom's shares were tendered to PPR, the French luxury and sports lifestyle company, as its extended offer to take over the American skating brand at a price of $24.50 per share in cash expired last Thursday night. Adding other shares tendered pursuant to guaranteed delivery procedures, ...
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News briefs
Cybex International has been granted an extension until Oct. 3...
Cybex International has been granted an extension until Oct. 3 to regain compliance with minimum requirements to continue to be listed on the Nasdaq stock exchange. The American fitness equipment company fell below the net equity threshold of $10 million a few days ago as its shares traded below $1.00 ...
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News briefs
Jack Wolfskin may be sold after all. According to Reuters,...
Jack Wolfskin may be sold after all. According to Reuters, the Blackstone equity fund has started exclusive negotiations over the possible acquisition of the German outdoor apparel and equipment company, which may be concluded by the third quarter of this year. Reuters mentions a potential valuation of €700 million for ...
