More corporate news – Page 109
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News briefs
Diadora has reopened a production line at its factory in...
Diadora has reopened a production line at its factory in Caerano di San Marco, near Montebelluna, to make a “made in Italy” line of high-end sneakers in collaboration with leading sneaker stores. The goal is to reach an annual output of about 100,000 pairs. The plant has been closed for ...
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Sram has moved its global headquarters to the West Loop...
Sram has moved its global headquarters to the West Loop neighborhood of Chicago
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Article
Fitbit is worth $6 billion
The stock market gave Fitbit a valuation of nearly $6.3 billion as the company went public on the New York Stock Exchange yesterday, making the IPO one of the most successful ones in recent years. It's a lot for a company that had net income of $131.8 million on sales ...
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According to unconfirmed German news reports, a Chinese conglomerate, Fosun,...
According to unconfirmed German news reports, a Chinese conglomerate, Fosun, together with a German investor, Bernd Beetz, is set to take over most of the shares of Bogner. A football champion, Philipp Lahm, and the current CEO of Daimler, Dieter Zetsche, would also invest in the company. Beets, 63, is ...
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News briefs
The second tranche of a share buyback program initiated by...
The second tranche of a share buyback program initiated by the Adidas Group in March was completed on June 15. This was a tranche with an aggregate acquisition cost of up to €300 million excluding incidental purchasing costs, but no more than 6 million treasury shares, to be repurchased exclusively ...
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News briefs
An Italian investment group, Palladio Finanziaria, has acquired a 40...
An Italian investment group, Palladio Finanziaria, has acquired a 40 percent stake in Finproject, the Italian company that makes the EVA soles for Crocs' shoes. Palladio, which bought the shares from Xenon Private Equity through a subsidiary called Vei Capital, will help Finproject to broaden the use of its special ...
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News briefs
Sport Nordic, the Danish company that owns Sportmaster, has added...
Sport Nordic, the Danish company that owns Sportmaster, has added an important sneaker store in Copenhagen to its store network. After buying the Unisport store in Copenhagen last January, it has taken over Rezet Sneaker, a store that sells the sneakers of major sports brands. Rezet was originally founded in ...
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News briefs
Zyvex Technologies, the nanotechnology company based in Columbus, Ohio, has...
Zyvex Technologies, the nanotechnology company based in Columbus, Ohio, has been acquired by Ocsial. The two firms announced the deal at the TechConnect World Innovation Conference and Expo in Washington, DC on June 16. The financial terms of the transaction were not disclosed. Zyvex, founded in 1997, has contributed to ...
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News briefs
Summit Sports, a predominantly online retailer from Michigan specializing in...
Summit Sports, a predominantly online retailer from Michigan specializing in winter sports, outdoor, water and action sports products, has been purchased by Digital Fuel Capital, a U.S. private equity group focused on online business investments. Established as a store in Michigan, Summit Sports was one of the earliest online specialists, ...
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Short stops
IC Group, the Danish company that owns Peak Performance, has...
IC Group, the Danish company that owns Peak Performance, has signed an agreement for the sale of its head office in Copenhagen and it plans to relocate to a much smaller property in or around the Danish capital during the first half of 2016
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News briefs
Fitbit has filed a price range of $14 to $16...
Fitbit has filed a price range of $14 to $16 per share for its initial public offering, which would give the maker of wearable fitness tracking devices a market capitalization of $3.1 billion at the midpoint of the price range. The company will be selling 22.4 million shares and current ...
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News briefs
Airesis, the Swiss holding company that owns a majority stake...
Airesis, the Swiss holding company that owns a majority stake in Le Coq Sportif, has acquired 92 percent of Movement Group, a Swiss company specializing in freestyle skis with a turnover in the range of 15 million Swiss francs (€14.4m-$16.1m). Sealed at an undisclosed price, the acquisition encompasses Wild Duck ...
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News briefs
Kettler, the German producer of sports and leisure equipment, filed...
Kettler, the German producer of sports and leisure equipment, filed for bankruptcy under its own administration at a court in Arnsberg yesterday. The family-owned company said in a press release that its operations would not be disrupted, and that the proceedings were necessary to avoid an unwanted takeover by a ...
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News briefs
Vibram USA, the North American subsidiary of the Italian sole...
Vibram USA, the North American subsidiary of the Italian sole maker, has acquired the soling assets of Quabaug Corporation, its U.S. manufacturing and distribution partner since 1965. Their activities are to be integrated into Quabaug Vibram Innovation (QVI). Vibram said the aim of the acquisition was to maintain its U.S.-based ...
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News briefs
Balega Socks, a company from North Carolina specializing in performance...
Balega Socks, a company from North Carolina specializing in performance socks, has been acquired by Implus Corporation, a group that owns a slew of brands in the footwear, sports and fitness markets, such as Sof Sole, Yaktrax, Airplus, Sneaker Balls, Icetrekkers and more. The partnership is meant to help Implus ...
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News briefs
The Adidas Group appeared puzzled this week by a lengthy...
The Adidas Group appeared puzzled this week by a lengthy German newspaper report containing allegations that workers contracted through temporary work agencies at a logistical center in Rieste, Germany, were treated unfairly. The article in Die Zeit reports complaints from workers that they were asked to be permanently on call without ...
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News briefs
Brunswick says it has completed the disposal of its bowling...
Brunswick says it has completed the disposal of its bowling business, which was expected to generate net proceeds of between $270 and $290 million. Its bowling centers have been sold to a long-time competitor, Bowlmor AMF. A company in Atlanta, BlueArcCapital, has acquired Brunswick's bowling products business.
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News briefs
The Adidas Group reiterated this week that it has no...
The Adidas Group reiterated this week that it has no intention of selling Reebok, after the owner of CrossFit told a reporter that he would like the fitness brand to come under fresh ownership. Reebok became a partner for CrossFit under a ten-year agreement started in 2010, and the huge ...
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The Adidas Group's chief executive, Herbert Hainer, said at the...
The Adidas Group's chief executive, Herbert Hainer, said at the company's shareholders meeting on May 7 that it has appointed Perella Weinberg Partners as an adviser. The move comes after reports of interest by activist hedge funds. Southeastern Asset Management (SAM), which owns just over 3 percent of Adidas, has ...
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News briefs
Amer Sports has invested about €150,000 in its production and...
Amer Sports has invested about €150,000 in its production and logistic operations for winter sports products in Altenmarkt, Austria, according to various German media. The investments concern mainly new ergonomic and partially automated transportation and lifting equipment and are meant to increase productivity and quality control. The Alternmarkt production unit ...
