All Corporations articles – Page 95
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News briefs
Ecco is setting up a new factory
Ecco is setting up a new factory that will employ 1,400 people in Vietnam, according to a Danish financial newspaper, Børsen. Quoting the Vietnam Economic Times, the report estimates the initial investment at $30 million. The factory is expected to be ready at the end of the year. Ecco already ...
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News briefs
Specialized loses French office in fire
Specialized lost its French office at Charmes-sur-Rhône to fire on Jan. 9. The cause remains unknown. The building was also the headquarters of an architectural firm. No one was killed. According to a local newspaper, Le Dauphiné, the French region of Ardèche will be providing financial aid to both firms. ...
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Milliken to acquire Borchers Group
Milliken & Company, which operates in chemicals, consulting and training, floor coverings and textiles, has signed an agreement to acquire Borchers Group, a chemicals company in Westlake, Ohio, currently owned by the Jordan Company. The deal should close sometime this month, after clearing the customary hurdles. According to Milliken, Borchers’ ...
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News briefs
Philipp Plein is discontinuing Plein Sport
Philipp Plein, the German luxury fashion company, is discontinuing its dedicated sports line, Plein Sport. Instead, sports products will be integrated into the main collection in the future, with a potential especially for sneakers. The sports line was launched in 2016, with a plan to open around 50 stores within ...
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News briefs
Hummel acquires two Danish sports brands
Hummel has acquired two other Danish sports brands, Halo and Newline, from Performance Group Scandinavia. The purchase price has not been disclosed. Founded in 1981 by a parachutist and pentathlon athlete, Helge Petersen, Newline specializes in running and cycling apparel, complemented by running shoes since 2011. Halo is a recent ...
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News briefs
VF Corp. exploring workwear divestments
VF Corp. is exploring options for divestments in its occupational workwear segment. The nine brands under review are Red Kap, VF Solutions, Bulwark, Workrite, Walls, Terra, Kodiak, Work Authority and Horace Small. Dickies and Timberland Pro are excluded. For VF’s chairman, president and chief executive, Steve Rendle, “divesting these brands ...
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News briefs
In the summer of 2019, Zalando completed the construction of...
In the summer of 2019, Zalando completed the construction of buildings X and O in Berlin. In April 2020, the e-commerce company will be starting the construction of another building (Z) in Friedrichshain, Berlin. The new building is expected to offer a flexible working environment, allowing employees to work individually ...
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News briefs
Sport 24, the third-largest sporting goods retailer in Denmark, which...
Sport 24, the third-largest sporting goods retailer in Denmark, which has been growing fast, has moved to a new 3,200-square-meter headquarters in Jutland. Henrik Bruun, the founder, has used his own money to build an attractive, modern building to handle all functions for the chain's six divisions. There is also ...
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Article
Thule acquires a fishing rod carrier
The Thule Group has acquired Denver Outfitters, an American producer of vehicle-mounted fishing-rod carriers.
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ArticleAdidas launches a skiwear line
Confirming a report in Süddeutsche Zeitung, Adidas says it is planning to enter the snow sports market with a line of winter sports apparel for cross-country and alpine skiing, ski touring and snowboarding for the autumn/winter 2020/21 season. It will be launched under its growing sub-brand for outdoor products, Adidas ...
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News briefs
Adidas has announced the start of the third tranche of...
Adidas has announced the start of the third tranche of its multi-year share buyback program, which calls for the purchase of up to €3.0 billion worth of its own shares between March 2018 and May 2021. It is planning to purchase own shares worth up to €1.0 billion in 2020. ...
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News briefs
Bluestar Alliance, the new owner of Hurley, is moving quickly...
Bluestar Alliance, the new owner of Hurley, is moving quickly to turn Nike's former action sports brand into a licensed operation. According to ShopEatSurf, it has signed contracts for the U.S. with companies specializing in men's clothing, women's clothing and swimwear. The licensees will rehire some or all of Hurley's ...
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ArticlePentland buys Speedo’s North American business
Pentland announced yesterday that it has agreed to buy the perpetual rights to the Speedo brand in North America and the Caribbean and the related operations from PVH Corp. for $170 million in cash, uniting all the brand’s operations around the world under a common umbrella just in time for ...
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News briefs
Trisport, which has been the exclusive importer of Kettler in...
Trisport, which has been the exclusive importer of Kettler in Switzerland for 40 years, has reportedly acquired the fitness equipment patents of the insolvent German brand and the trademark rights for its distribution in Europe. Kettler's holding company will keep the rights for the brand's tennis tables. Trisport will show ...
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ArticleRussia’s Sportmaster buys the Danish chain by the same name
Sport Danmark, the company that owns the Danish loss-making Sportmaster chain of sporting goods stores, was sold on Dec. 23 by Nordic Capital to a company in Singapore, Sportmaster Operations Pte., created by the Russian Sportmaster Group in 2012 to oversee its development in China and to conduct acquisitions in ...
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Short stops
As part of a review of its corporate governance, which...
As part of a review of its corporate governance, which was announced at its general meeting last July 3, JD Sports Fashion will present a new remuneration policy in its annual report on April 15 that will be submitted for shareholders’ approval in the summer
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Lenzing has secured a bonded loan of €500 million from...
Lenzing has secured a bonded loan of €500 million from investors around the world over the next 10 years to fund the general running of the business, including important future projects related to sustainability
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Article
Pelican acquires Confluence
Pelican International, a Canadian group that already makes all manner of recreational boats, has acquired Confluence Outdoor, another maker of boats based in the U.S. that did not achieve the economies of scale that its new owners were betting on. The financial terms of the deal remain undisclosed
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News briefs
Symphony Holdings has completed the acquisition of the global trademarks...
Symphony Holdings has completed the acquisition of the global trademarks and patents of Skins, the Australian apparel manufacturer. In January 2019, Skins filed for bankruptcy in a Swiss court, blaming the global financial crisis for the situation that had led to its own excessive debt. The brand, founded in Australia ...
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Columbia Sportswear is being added to Standard & Poor's MidCap...
Columbia Sportswear is being added to Standard & Poor's MidCap 400 Global Industry Classification Standard
