More corporate news – Page 103
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Exceeding its previously set targets, Nike has spent $380 million...
Exceeding its previously set targets, Nike has spent $380 million to expand its world headquarters in Portland, Oregon, hiring more than 2,000 new employees there, according to the Portland Business Journal. The Swoosh had made a deal with the state of Oregon three years ago to avoid paying tax on ...
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Herbert Hainer, chief executive at the Adidas Group, denied a...
Herbert Hainer, chief executive at the Adidas Group, denied a report in The New York Post that it was preparing a sale of Reebok CCM Hockey in another effort to simplify its business. He acknowledged in a press briefing earlier this month that several parties were interested in the ice ...
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Polartec has decided to close its factory in Lawrence, Massachusetts,...
Polartec has decided to close its factory in Lawrence, Massachusetts, moving its operations to its other plants in Hudson, New Hampshire and Cleveland, Tennessee. The latter was acquired by Polartec in September from United Knitting. The Lawrence factory had been rebuilt by Malden Mills 20 years ago, after being ...
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The price of GoPro shares briefly increased earlier this month...
The price of GoPro shares briefly increased earlier this month after an influential U.S. analyst described it as an interesting potential acquisition target for Apple. Dan Ives from FBR & Co reportedly wrote that action cameras were uniquely positioned at the intersection of Apple's smartphone, wearables and multimedia offerings. He ...
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Implus, the acquisitive U.S. company that owns numerous sports, fitness...
Implus, the acquisitive U.S. company that owns numerous sports, fitness and footwear accessories brands, has enlarged its fitness category to form the Implus Fitness & Wellness Division, after the purchase of Trigger Point Performance, Harbinger Fitness and Fuel Belt earlier this year. The move is meant to accelerate expansion in ...
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Amer Sports' board of directors has approved a Performance Share...
Amer Sports' board of directors has approved a Performance Share Plan and a Restricted Stock Plan as incentives for key employees. The first one will allow about 250 people to earn rewards in cash and Amer shares, up to a maximum of 1.1 million shares, based on the ...
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Spy has applied at the U.S. Securities and Exchange Commission...
Spy has applied at the U.S. Securities and Exchange Commission to deregister its shares from the OTC BB stock exchange. As a result, the American sports eyewear firm will no longer have to file quarterly or annual financial statements with the agency. Its shares should continue to be quoted on ...
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A report by Duff & Phelps, which was appointed to...
A report by Duff & Phelps, which was appointed to supervise the receivership of Direct Golf, has provided some details on the lead-up to Sports Direct's acquisition of the golf retailer's assets last month. SDI (formally Sportsdirect.com Retail Limited, in this instance) bought 25 percent of the retailer last year ...
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Sports Direct International (SDI) has reportedly held talks with the...
Sports Direct International (SDI) has reportedly held talks with the Chinese owners of House of Fraser, the Sanpower group, to deploy the Lillywhites banner in some of the group's department stores. The Sunday Telegraph reported that talks are at an early stage and that Nigel Oddy, House of Fraser's chief ...
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The Australian-based Surfstitch Group has agreed to buy Surfwear Hardware...
The Australian-based Surfstitch Group has agreed to buy Surfwear Hardware International (SHI) Holdings, parent company of four brands - FCS, Gorilla, Hydro and Softech - that stand for surfboards, SUP boards and related products and accessories. The acquisition gives SHI an enterprise value of 23.7 million Australian dollars (€16.1m-$17.1m). SHI's ...
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Selle Royal has announced it will open a new facility...
Selle Royal has announced it will open a new facility in Ogden, Utah, north of Salt Lake City, within Utah's bike industry cluster. The group, which is headquartered in Pozzoleone, near Vicenza, in Italy, owns the Brooks, Fizik and Crank Brothers brands. Selle Royal was founded in 1956 to make ...
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Athos, a U.S. start-up specializing in smart fitness apparel, has...
Athos, a U.S. start-up specializing in smart fitness apparel, has raised $35.5 million in investments led by Social Capital. Other investors in the fundraising are MAS Holdings, an apparel manufacturer from Sri Lanka, Lightspeed Venture Partners and Felix Capital, along with existing shareholders DMC, True Ventures and Joe Lacob, the ...
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Nassef Sawiris, the Egyptian billionaire whose investment fund directly and...
Nassef Sawiris, the Egyptian billionaire whose investment fund directly and indirectly controls 6 percent of voting rights in Adidas, told Reuters that he wants “constructive dialogue” with the German company. Herbert Hainer, the group's chief executive, said in a conference call earlier this month that Adidas was always open to ...
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Misfit, the U.S. maker of wearable fitness trackers, is to...
Misfit, the U.S. maker of wearable fitness trackers, is to be taken over for $260 million by Fossil Group, a watchmaker based in Texas. Fossil sells its own brands, Fossil and Skagen, and it holds licenses for several others, from Adidas to Michael Kors and Diesel. Sonny Vu, chief executive ...
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Bondholders of Sympatex Holding have rejected a proposal to get...
Bondholders of Sympatex Holding have rejected a proposal to get their bonds redeemed ahead of their maturity for 101 percent of their value, and this should make it more difficult for shareholders to sell parts of the group to interested parties. Only creditors representing 21.6 percent of the €13 million ...
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A Hong Kong-based financial service company registered in the Seychelles...
A Hong Kong-based financial service company registered in the Seychelles islands, Yucheng International, has agreed to acquire the 64.15 percent stake held by Pegasus Footgear Management in its shoe factory in Guangzhou, Pegasus International Holding, subject to various conditions. It would subsequently make a bid for the remaining shares of ...
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Short stops
Authentic Brands, the company that owns Prince Sports and Tretorn,...
Authentic Brands, the company that owns Prince Sports and Tretorn, among other properties, is said to be targeting a public offering in the course of 2016
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Short stops
Sergi González has left Intersport España, where he acted as...
Sergi González has left Intersport España, where he acted as managing director, according to the Spanish trade press
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Short stops
Julie Karsenti, marketing coordinator for Go Sport in France, has...
Julie Karsenti, marketing coordinator for Go Sport in France, has become marketing director of Courir, the sister chain of athletic footwear shops
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Short stops
The Bestseller Group, owner of Jack & Jones and other...
The Bestseller Group, owner of Jack & Jones and other brands, has appointed Alexander Korosec as country manager for Austria and Eastern Europe
