Latest Corporate and M&A – Page 108
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News briefs
Polygiene is planning to open a new subsidiary in Hong...
Polygiene is planning to open a new subsidiary in Hong Kong. The Swedish odor-control specialist said the move is aimed at further strengthening its presence in Asia, which it considers an important market both for now and the future.
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News briefs
Newell Brands has announced the completion of the divestiture of...
Newell Brands has announced the completion of the divestiture of Pure Fishing to Sycamore Partners and of Jostens to Platinum Equity. The total expected net proceeds of $2.5 billion after taxes will be used to pay down debt and buy back shares. The remaining assets include the Coleman Group and ...
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Short stops
Zalando's depressed share price went up by 6.1% following renewed...
Zalando's depressed share price went up by 6.1% following renewed speculation that the Alibaba Group may make a bid for the German-based e-tailer
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Short stops
Callaway Golf has completed its €418 million acquisition of Jack...
Callaway Golf has completed its €418 million acquisition of Jack Wolfskin
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News briefs
Farfetch, the leading internet platform for the luxury goods industry,...
Farfetch, the leading internet platform for the luxury goods industry, has announced a definitive agreement for the acquisition of Stadium Goods, described as the biggest internet marketplace for new and used sneakers and streetwear, for an enterprise value of $250 million, payable in cash and shares. The move is a ...
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News briefs
Adidas has announced the completion of the first tranche of...
Adidas has announced the completion of the first tranche of a share buyback program, saying that it will give a total return to shareholders of more than €1.5 billion in 2018. The company bought back 5.1 million shares, corresponding to 2.5 percent of its equity, between March 22 and Dec. ...
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News briefs
Sandro Parisotto, president of Calzaturificio Scarpa, his sister Cristina and...
Sandro Parisotto, president of Calzaturificio Scarpa, his sister Cristina and a cousin, Davide Parisotto, have taken over the shares of two other members of the Parisotto family in the Italian maker of ski mountaineering and outdoor shoes. The sellers are two cousins of Sandro, Andrea and Piero Parisotto. The terms ...
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News briefs
Moody's has assigned a Ba3 credit rating and a speculative...
Moody's has assigned a Ba3 credit rating and a speculative grade liquidity rating of SGL-2 to the proposed $480 million senior secured term loan that Callaway Golf is set to use to finance its acquisition of Jack Wolfskin (see our previous issue). It has also assigned a corporate family rating ...
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News briefs
A new Spanish firm, Help Snowboards, hit the market in...
A new Spanish firm, Help Snowboards, hit the market in October with a two-pronged strategy. First, it is aiming to keep prices low and quality high by eliminating retail distribution and selling direct to customers, exclusively through its website. Second, to deal with the issue of showrooming, where consumers try ...
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Short stops
The Thule Group has acquired Tepui Outdoors, described as a...
The Thule Group has acquired Tepui Outdoors, described as a leader in roof top tents in North America (more in The Outdoor Industry Compass)
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Short stops
Kontoor Brands is the name given by VF Corp. to...
Kontoor Brands is the name given by VF Corp. to the new jeanswear company that it is spinning off
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News briefs
Chip Wilson, the wealthy founder of Lululemon, and Tencent Holdings...
Chip Wilson, the wealthy founder of Lululemon, and Tencent Holdings are in discussions to join China's Anta Sports Products in its proposed €4.7 billion bid for Amer Sports, according to Bloomberg. Wilson, who is considered an expert in athleisure, would hold a 20 percent stake in the combined entity, while ...
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News briefs
VF Corporation has announced the signing of a 10-year lease...
VF Corporation has announced the signing of a 10-year lease for the remodeled Axtell Soho building in central London, stating that it will become an important business hub for VF and its brands. Located in a vibrant section of the city, close to some of VF's stores in Regent Street, ...
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News briefs
Sport Zone España has been removed from the Spanish corporate...
Sport Zone España has been removed from the Spanish corporate registry following its merger with JD Sports Fashion and Sprinter in the Iberian Sports Retail Group, in which Sonae, the Portuguese parent of Sport Zone, has a 50 percent stake. JD holds 35 percent of the shares and Sprinter 15 ...
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News briefs
As expected, the retailers affiliated with Sport 2000 in France...
As expected, the retailers affiliated with Sport 2000 in France approved their acquisition of the 52 percent stake held by Activa Capital in their company at an extraordinary shareholders' meeting on Nov. 22. Supported by bank loans, the retailers will finance the acquisition in different ways, changing the status of ...
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News briefs
Crocs has agreed to repurchase the preferred convertible shares of...
Crocs has agreed to repurchase the preferred convertible shares of Blackstone Capital Partners, which had acquired them in 2014 as part of a $200 million investment in the company. Crocs will buy back half of the preferred shares at $26.64 each for a total of $183.7 million. The other half ...
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News briefs
VF Corp. received cash proceeds of $139.4 million from the...
VF Corp. received cash proceeds of $139.4 million from the sale of Reef to the Rockport Group in the third quarter, according to a filing with the U.S. Securities & Exchange Commission. Subject to adjustments, VF is booking an impairment charge of $9.9 million on the transaction. The group acquired ...
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News briefs
Michael Jordan, the former NBA player and current owner of...
Michael Jordan, the former NBA player and current owner of the Charlotte Hornets, has joined other investors to raise $26 million in funding for Team Liquid. Founded in 2000, Team Liquid has a roster of more than 60 e-athletes who compete in professional tournaments worldwide in videogames like League of ...
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News briefs
Woolrich has announced that it will be closing its ancient...
Woolrich has announced that it will be closing its ancient wool mill in Woolrich, Pennsylvania. The mill dates back to 1845, and is currently the oldest continuously operated mill in the U.S. The fabric manufacturing operations will cease by Jan. 1, affecting up to 40 jobs. The company said that ...
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News briefs
After acquiring the bankrupt House of Fraser chain of department...
After acquiring the bankrupt House of Fraser chain of department stores for £90 million (€101.3m-$115.4m), Sports Direct International has bought the Evans chain of bike shops in the U.K., which recently fell into administration (a form of bankruptcy) for £8 million (€9.0m-$10.3m). SDI will keep about half of Evans' 62 ...
