More corporate news – Page 106
-
News briefs
Signa Holding, the Austrian-base real estate company that controls Karstadt...
Signa Holding, the Austrian-base real estate company that controls Karstadt and Karstadt Sports, has some new shareholders. Textilwirtschaft mentions the Falcon Private Bank of Abu Dhabi with a stake of 24.9 percent and Ernst Tanner, chief executive of Lindt & Sprüngli, with 10 percent of the shares. They take the ...
-
News briefs
Lost International, the American brand of surfboards, skateboards and related...
Lost International, the American brand of surfboards, skateboards and related apparel and accessories launched in 1985, is switching to a licensing model for its sales in the U.S., Europe and many other territories. An investment group based in Chino, California and led by Nick Agakanian will reportedly take care of ...
-
News briefs
Sports Direct International has bought a stake of 18.9 percent...
Sports Direct International has bought a stake of 18.9 percent in Findel, a British multi-channel retailer that owns an online sports retailer, Kitbag, specializing in the sale of replica kits for major football teams. Reportedly, Findel previously refused an offer by Mike Ashley to buy Kitbag alone. It turns out ...
-
News briefs
The Mammut Sports Group has decided to outsource the labor-intensive...
The Mammut Sports Group has decided to outsource the labor-intensive manufacture of its ropes at its facility in Seon by Sept. 1, 2016, but the Swiss company will continue to use the site to design, develop, test and market its ropes. The new contractor is an Austrian family-owned company, Teufelberger. ...
-
News briefs
Gordon Stanley Merchant, founder of Billabong, has purchased 104,131 shares...
Gordon Stanley Merchant, founder of Billabong, has purchased 104,131 shares in the Australian company at a price of 67,570.61 Australian dollars (€42,476.92-$47,495.48). He thus owns 109,036,051 shares in Billabong, giving him a stake of a little over 11 percent. Oaktree Capital Management and Centerbridge Partners are still the largest shareholders, ...
-
News briefs
Andrew Vara, the trustee appointed to oversee the bankruptcy of...
Andrew Vara, the trustee appointed to oversee the bankruptcy of Quiksilver in the U.S., has appointed a committee to represent the company's unsecured creditors in the court hearings due to be held next week. They are Justin Shearer from Global Corporate Trust Services, Baily Dent of New Generation Advisors, Ian ...
-
News briefs
Acushnet, which is the parent company of Titleist and Footjoy,...
Acushnet, which is the parent company of Titleist and Footjoy, is holding discussions with various investment banks in preparation for a possible return to the stock market, according to Bloomberg. The company, which has been performing better than TaylorMade-Adidas Golf and other golf majors in a difficult market, was sold ...
-
News briefs
IC Group raised its equity on Sept. 18 by 485,900...
IC Group raised its equity on Sept. 18 by 485,900 Danish kroner to DKK170,562,470 (€22,861,806-$25,562,392) through an exercise of warrants. The new capital consists of 17,056,247 shares and voting rights. IC Group, which is the parent company of Peak Performance, has also signed a market maker agreement with Danske Bank ...
-
News briefs
Thule Group has inaugurated an expanded global testing center in...
Thule Group has inaugurated an expanded global testing center in Hillerstorp, Sweden. The new lab features a doubling of space - from 600 to 1,200 square meters - and additional tools that enable the testing of all products in Thule's expanding product portfolio, thanks to an additional investment of SEK20 ...
-
Short stops
Nick Woodman, founder and chief executive of GoPro, has denied...
Nick Woodman, founder and chief executive of GoPro, has denied a possible sale of his company to Apple
-
News briefs
The sale of the Elan Group to Wiltan Enterprises and...
The sale of the Elan Group to Wiltan Enterprises and Merrill Lynch (see SGI Europe No. 26-25+26 of Aug. 10) has been completed with the return of state aid to the Slovenian government following a resolution by the European Commission, which challenged the legality of a €10 million subsidy given ...
-
News briefs
Wolverine Worldwide remains interested in acquisitions, but while there are...
Wolverine Worldwide remains interested in acquisitions, but while there are plenty of actionable assets in the market, the valuations are a bit high. Wolverine would prefer a good brand with heritage with at least $75 million in revenues - ideally between $200 million and $600 million. An acquisition outside the ...
-
News briefs
Transa Backpacking has a new shareholding structure as Beat Stünzi,...
Transa Backpacking has a new shareholding structure as Beat Stünzi, founder and majority shareholder of the leading Swiss outdoor retailer, decided to partly pull out, due to his age. The new majority shareholder is International Retail Corporation (IRC), a vehicle controlled by Beat Zaugg, chief executive and minority shareholder in ...
-
News briefs
New Balance has moved into a new corporate head office...
New Balance has moved into a new corporate head office at the northwestern edge of Boston, close to the old one. About 700 New Balance employees occupy the new 250,000-square-foot building, which is part of the new Boston Landing development project financed by the Davis family, owner of New Balance. ...
-
News briefs
Hero Cycles, the major Indian bicycle producer, has acquired control...
Hero Cycles, the major Indian bicycle producer, has acquired control of Avocet Sports, a major distributor of cycling products based in Manchester, U.K. In its attempt to enter the European market, Hero started two years talks for the takeover of Mifa, the financially stricken German bike producer, but they failed. ...
-
News briefs
Shimano Europe has unveiled plans to open an “Experience Center”...
Shimano Europe has unveiled plans to open an “Experience Center” in the Netherlands in the spring of 2017. The center will be built in Valkenburg, in the southern part of the country, on the site of a former brewery. The activities offered by the park will focus on cycling, fishing ...
-
News briefs
Alibaba Group Holding has established a new Alibaba Sports Group...
Alibaba Group Holding has established a new Alibaba Sports Group together with Sina Corporation and Yunfeng Capital. The idea is to leverage Alibaba's large e-commerce footprint in China with Sina's media resources to create an integrated, internet-based sports platform for the benefit of the sports industry, sports teams, sports fans ...
-
News briefs
Nike has a new $2.0 billion revolving credit facility with...
Nike has a new $2.0 billion revolving credit facility with Bank of America, Citibank, Deutsche Bank and HSBC. Replacing a $1.0 billion line of credit, it matures in July 2020, with option for a two-year extension. At the end of the last quarter, Nike had cash and short-term investments worth ...
-
News briefs
The share capital of IC Group, parent company of Peak...
The share capital of IC Group, parent company of Peak Performance, has been raised by 0.3 percent to 170,562,470 Danish kroner (€22.9m-$26.1m) through the exercise of warrants under two different programs that priced the new shares at DKK 136.00 and DKK 166.80, respectively. IC Group has derived gross proceeds of ...
-
News briefs
Assos of Switzerland, the well-known maker of bikewear from Lugano,...
Assos of Switzerland, the well-known maker of bikewear from Lugano, has changed ownership. The founding Maier family has sold its shares to a pool of investors led by Phil Duff, the former chief executive of Black Diamond, the U.S. brand of outdoor and snow sports equipment. Duff will reportedly take ...
