All Corporations articles – Page 96
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Article
Babolat shifts its focus to Asia
The world’s leading producer of tennis racquets announced last month that it was putting an end to its contract with the French Tennis Federation (FFT), signed in 2011, as the official supplier of racquets, balls and strings for the Roland-Garros tournament. As reported in a news briefs in this issue, ...
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News briefs
Hyosung has begun commercial operation at its first spandex plant...
Hyosung has begun commercial operation at its first spandex plant in India. The facility, which occupies about 400,000 square meters, is located in the Auric industrial complex near Aurangabad, in the state of Maharashtra. It has an annual production capacity of 18,000 tons of spandex. Hyosung began operations in India ...
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News briefs
Bookman, a Swedish company that offers functional headlights, bike lights...
Bookman, a Swedish company that offers functional headlights, bike lights and reflectors under the Bookman Urban Visibility label, has received an injection of SEK3.5 million (€330,000-$370,000) from three Swedish investors including Stefan Ytterborn, the founder of Poc Sweden. Founded in 2011 in Stockholm by Victor Kabo and David Axelsson, Bookman ...
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News briefs
Johan Ryding, the chief executive of Sportamore, says he has...
Johan Ryding, the chief executive of Sportamore, says he has sold 16,000 shares in the Nordic sports e-tailer, representing less than 5 percent of his holdings, for personal financial reasons. Sportamore's sales rose by 17.4 percent to 252 million Swedish kronor (€24.2m-$21.8m) in the third quarter, leading to an operating ...
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Darn Tough Vermont, the U.S. performance outdoor and lifestyle sock...
Darn Tough Vermont, the U.S. performance outdoor and lifestyle sock manufacturer, has completed the multi-million dollar renovation of an existing 100 year-old building, the Nantanna Mill, which will now serve as the brand's new 6,100-square-meter site for all sock finishing processes in its hometown of Northfield, Vermont
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News briefs
Ecco is expanding its head office in Denmark. A new...
Ecco is expanding its head office in Denmark. A new building of 2,400 square meters is set to become operational in 2020 across from the Ecco Conference Centers to house up to 100 employees involved in global marketing and other activities, plus three test shops.
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Skechers has completed a new, five-year $500 million credit facility...
Skechers has completed a new, five-year $500 million credit facility that replaces a former $250 million asset-backed facility granted in 2015
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Degré 7, the French brand of sports apparel, is up...
Degré 7, the French brand of sports apparel, is up for sale according to the French edition of fashionnetwork.com
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News briefs
Selle Royal, the leading Italian supplier of bike saddles, has...
Selle Royal, the leading Italian supplier of bike saddles, has mandated UBS to help find a financial partner to accelerate its growth. The company is prepared to review preliminary offers in mid-February. Founded by the Bigolin family 60 years ago, Selle Royal sells saddles and other bike accessories under four ...
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News briefs
Rallye, the parent company of Go Sport and other retail...
Rallye, the parent company of Go Sport and other retail operations in France, indicates that it has finalized proposals for a settlement with its creditors that would reschedule the repayment of its debt of around €3.3 billion. The group's high debt led Go Sport to divest its Courir chain of ...
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News briefs
Pure Fishing, which is now owned by the private-equity firm...
Pure Fishing, which is now owned by the private-equity firm Sycamore Partners, has acquired the two saltwater tackle producers Fin-Nor and Van Staal, both headquartered in Tulsa, Oklahoma, and owned until now by W.C. Bradley/Zebco Holdings. The terms remain undisclosed, but Captain Craig Cantelmo, a former director of sales at ...
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Nike announced an 11% increase in its quarterly dividend shortly...
Nike announced an 11% increase in its quarterly dividend shortly after appointing its new CEO, John Donahoe (see our previous issue)
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News briefs
Roger Federer owns both 20 Grand Slam trophies and more...
Roger Federer owns both 20 Grand Slam trophies and more than 250 pairs of sneakers. Now, as retirement from professional tennis approaches, the Swiss tennis champion has signed something more than an endorsement deal with On Running, the Swiss brand of running shoes. He has taken an unspecified financial stake ...
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News briefs
Anta Sports Products, which had a 57.95 percent stake in...
Anta Sports Products, which had a 57.95 percent stake in the consortium that bought Amer Sports earlier this year, will no longer have to include and report Amer's figures, which have been dilutive, in its consolidated income statements. Anta is shedding 5 percent of its economic interest in the group ...
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News briefs
Pon Bike has acquired Urban Arrow, a Dutch brand of...
Pon Bike has acquired Urban Arrow, a Dutch brand of electric cargo bikes. Pon has disclosed no financial details about the acquisition. Founded in Amsterdam in 2010 by Jorrit Kreek and Gerald van Weel, Urban Arrow operates in 20 countries and employs a staff of 60 at its headquarters and ...
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News briefs
Ciesse Piumini's parent company, Sport Fashion Service, has been acquired...
Ciesse Piumini's parent company, Sport Fashion Service, has been acquired by Mittel, an Italian investment bank, which now owns 90 percent of the Italian down clothing specialist. Ciesse, which was the property of Fila for a while, was a direct competitor of Moncler in its early days, but it didn't ...
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Article
Adidas partners with the Space Station
Adidas has announced a multi-year partnership with the International Space Station (ISS), the space laboratory managed by the U.S. Center for the Advancement of Science in Space (Casis). The partnership will explore breakthroughs to improve the future design and engineering of sporting products on and off Earth. For to station’s ...
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News briefs
After divesting Courir, its chain of athletic footwear stores, the...
After divesting Courir, its chain of athletic footwear stores, the Go Sport Group has entered negotiations to sell off its Go Sport Montagne franchise to Skiset, a group founded in 1994 that is now operating 900 ski-rental stores internationally. Go Sport launched the franchise three years ago as a complement ...
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Article
Nike stops with Amazon’s marketplace
A few days after the appointment of a new chief executive, John Donahoe, who previously ran eBay, the Swoosh announced that it will stop a pilot program, initiated in 2017, to sell selected products on the Amazon Retail marketplace. Nike justified the move with its “focus on elevating consumer experience ...
