Latest Corporate and M&A – Page 175
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News briefs
Scott Sports is expanding in bicycle accessories with the acquisition...
Scott Sports is expanding in bicycle accessories with the acquisition of Syncros, a high-end brand of mountain bike components from Vancouver's North Shore. The Swiss company said that the acquisition would enable it to become a sizeable player in the market for bicycle parts, and that its infrastructure would enable ...
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News briefs
Rapala VMC Corporation has sold Willtech Gift (HK), a unit...
Rapala VMC Corporation has sold Willtech Gift (HK), a unit involved in the manufacturing of gift items in China, to Pylones, a French-based developer and retailer of premium gift items with a global reach. Back in 2001, Rapala acquired the totality of Willtech's business, which consisted of manufacturing gifts as ...
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News briefs
Macintosh Retail Group has decided to postpone the sales of...
Macintosh Retail Group has decided to postpone the sales of its Halfords bicycle business, indicating that the present economic situation is making it difficult for potential buyers to arrange the financing. Macintosh announced its decision to divest Halfords last July, after selling other non-core activities. As the proceeds from Halfords' ...
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News briefs
Adams Golf, the American golf equipment company, said it had...
Adams Golf, the American golf equipment company, said it had retained Morgan Stanley to explore strategic alternatives for the group. Unanimously approved by Adams Golf's board of directors, this evaluation might lead to a sale, but the company emphasized that no decision had yet been made, and that it had ...
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News briefs
Columbia Sportswear has bought a building in London, Ontario, that...
Columbia Sportswear has bought a building in London, Ontario, that it plans to use as its new Canadian headquarters. About 120 jobs will move to the new building, which cost Columbia about $26 million. It will consolidate two former locations nearby in Strathroy, comprising administration, sales and a distribution center, ...
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News briefs
Vegas Europe, the French-based company that held the license for...
Vegas Europe, the French-based company that held the license for the Rusty surfwear brand around Europe, has gone into liquidation. The group was established in 2008 as a European subsidiary of Vegas Enterprises, an Australian company that secured all rights to the Rusty brand in 2007, after drawn-out legal disputes. ...
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News briefs
Accell Group, the Dutch company owning a slew of bicycle...
Accell Group, the Dutch company owning a slew of bicycle and fitness brands, has agreed to acquire all shares of Currie Technologies, a leader in the U.S. market for e-bikes. The Californian company employs 40 people and reaches annual sales of about $20 million, with the I-Zip and E-Zip brands. ...
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News briefs
Macintosh Retail Group is said to have selected three bidders,...
Macintosh Retail Group is said to have selected three bidders, including two private equity funds and the Dutch Bicycle Group, as candidates for the takeover of its Halfords operation, which includes the distribution of some 120,000 bicycles annually through the group's own 143 stores in the Netherlands and seven in ...
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News briefs
Forum Sport, the big Spanish sporting goods retailer in which...
Forum Sport, the big Spanish sporting goods retailer in which the Eroski retail group has a stake of 86 percent, is issuing 83,194 new shares with a nominal value of €6.01 each to boost its equity by €499,995 to €27.5 million. Existing shareholders will have rights of first refusal on ...
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News briefs
According to a report in Handelsblatt, the German newspaper, Puma...
According to a report in Handelsblatt, the German newspaper, Puma is going to increase its production capacity in Africa, a continent where the brand has been active for many years, particularly through the sponsorship of national football teams. The newspaper hears that one of Puma's production partners is about to ...
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News briefs
Augusta Manufacturing, a Nicaraguan company that makes apparel for Adidas,...
Augusta Manufacturing, a Nicaraguan company that makes apparel for Adidas, Quiksilver, Roxy and other brands, is investing $5 million into its factory and expects to create 500 jobs by the end of the year, having 1,000 workers in 2012. ProNicaragua, the country's industrial development authority, says that the effect of ...
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News briefs
Crocs has entered into an amended and restated credit agreement...
Crocs has entered into an amended and restated credit agreement that replaces the existing $30 million asset-backed line of credit set to expire in September 2014 with a five-year, $70 million secured revolving line of credit. Borrowings under the revolving credit facility will bear interest at variable rates, and it ...
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News briefs
Head has announced that it bought back 393,558 more of...
Head has announced that it bought back 393,558 more of its own shares. The value of the transaction was €295,169. The number of acquired shares corresponds to 0.43 percent of the issued share capital of the company. Following this transaction, 9.4 percent of Head's equity is made up of treasury ...
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Short stops
Puma North America is buying the 51 percent stake is...
Puma North America is buying the 51 percent stake is still doesn't own in its American legwear and bodywear operations from United Legwear Co., but that company will continue to run its day-to-day operations
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News briefs
Reportedly, Metro plans to make a statement next Friday on...
Reportedly, Metro plans to make a statement next Friday on the possible divestiture of the Kaufhof chain of department stores, including its Kaufhof Sportarenas. According to the German daily newspaper Handelsblatt, Signa, the Greek-owned investment company based in Austria, is offering to pay only €2.05 billion for the assets, less ...
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News briefs
Accell Group, the Dutch company with a smattering of bicycle...
Accell Group, the Dutch company with a smattering of bicycle and fitness equipment brands, said it had reached a deal to take over all shares of Van Nicholas, a specialist Dutch supplier of titanium bicycles and frames. Based in Numansdorp, the Netherlands, the company will be integrated into Koga, the ...
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News briefs
Regatta, along with its affiliated brands – Dare2b, Craghoppers, Regatta...
Regatta, along with its affiliated brands – Dare2b, Craghoppers, Regatta Professional and Hawkshead – is about to open its new international distribution center at Ellesmere Port, near Manchester, in time for deliveries of the spring/summer 2012 collections. Its surface of 400,000 square feet is designed to cope with the Regatta ...
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News briefs
Collective Brands, parent company of Airwalk, Saucony and many other...
Collective Brands, parent company of Airwalk, Saucony and many other shoe brands, has reportedly hired an investment bank, Perella Weinberg, to look for potential buyers for its whole business, which includes the loss-making Payless ShoeSource chain of shoe shops, or parts of it. The company indicated last August, after the ...
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News briefs
Adidas has hailed the end of the NBA's lockout, which...
Adidas has hailed the end of the NBA's lockout, which should help it and other companies, including Nike and Under Armour, to boost sales of their new basketball products. The NBA will resume its play on Christmas Day, kicking off an abbreviated 66-game season that will not include a previously ...
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News briefs
Known for its advanced logistic solutions in the sporting goods...
Known for its advanced logistic solutions in the sporting goods sector and other areas, El Corte Inglés has installed a radio frequency identification (RFID) system at its main distribution center at Valdemoro, near Madrid. The system is expected to reduce the number of human errors and to speed up the ...
