More corporate news – Page 117
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News briefs
The Singapore subsidiary of Shimano is investing about US$34 million...
The Singapore subsidiary of Shimano is investing about US$34 million to build a new manufacturing facility of 26,000 square meters in the Philippines to enhance the company's production of bicycle components for emerging markets. Construction began in July and should be completed by the end of this year.
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The Adidas Group plans to move about 1,300 employees involved...
The Adidas Group plans to move about 1,300 employees involved in IT and other roles in Herzogenaurach to its World of Sports campus from other locations in the city, including its former headquarters in the city center. The company has created between 100 and 150 new jobs annually in Herzogenaurach ...
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Puma has announced plans to buy a stake of up...
Puma has announced plans to buy a stake of up to 5 percent in Borussia Dortmund, a leading German football team that it sponsors, as part of a capital increase that the club unveiled on Aug. 21. Borussia Dortmund is Germany's only listed football club. Dortmund plans to issue up ...
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Shock Doctor, the U.S. brand of protection equipment including mouth...
Shock Doctor, the U.S. brand of protection equipment including mouth guards, footbeds and more, has acquired XO Athletic, another specialty company for protective gear, for an undisclosed amount. The acquisition provides access to patented technologies owned by XO along with retail efficiencies that are supposed to benefit both brands. Shock Doctor ...
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Bruckmann, Rosser, Sherrill & Co. (BRS), a New York-based private...
Bruckmann, Rosser, Sherrill & Co. (BRS), a New York-based private equity firm, has acquired New Archery Products (NAP) and Quikfletch from NAP's founder, Andy Simo, and other Quikfletch stockholders. NAP and Quikfletch, based in Forest Park, Illinois, are designers and manufacturers of fixed and mechanical broadheads, vanes and fletching and ...
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Deckers Outdoor Corporation is launching a new logo and a...
Deckers Outdoor Corporation is launching a new logo and a new corporate brand name, Deckers Brands, for its marketing and communications efforts. to mark its transformation into an omni-channel organization, but the company will remain formally registered under its present name
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Hansbrands has closed its €400 million acquisition of DBA Apparel,...
Hansbrands has closed its €400 million acquisition of DBA Apparel, the European producer of underwear, intimate apparel and hosiery
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Bogner is for sale, according to Reuters. Confirming long-standing speculation,...
Bogner is for sale, according to Reuters. Confirming long-standing speculation, the news agency reports that Willy Bogner, president and controlling shareholder of the German family-owned company, has mandated Goldman Sachs to find a new owner, possibly an institutional investor. He is proposing a valuation of around €250 million, close to ...
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News briefs
Safilo said that it plans to increase the share of...
Safilo said that it plans to increase the share of house brands - Polaroid, Carrera, Smith Optics, Safilo and Oxydo - to 40-45 percent of the group's total revenues in five to seven years from about 20 percent currently - through organic growth and through possible new acquisitions. Although it ...
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News briefs
Payless ShoeSource, the big American shoe retail chain that was...
Payless ShoeSource, the big American shoe retail chain that was formerly owned by Collective Brands, has sold Airwalk to Authentic Brands Group (ABG), along with three other brands – Hind, Vision Street Wear and Above the Rim – that had not been taken over by Wolverine Worldwide from Collective at ...
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Pou Chen, the world's largest shoe manufacturer and parent company...
Pou Chen, the world's largest shoe manufacturer and parent company of Yue Yuen, is said to be planning to set up its first factory in Myanmar, the former Birmania, with an investment of around US$100 million. Located near the country's capital, Yangon, it would have an annual capacity for nine ...
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Sportalm, the Austrian sports apparel firm, has completed construction of...
Sportalm, the Austrian sports apparel firm, has completed construction of a new head office in Kitzbühel. The €6 million project is based on the Feng Shui principle, which is meant to provide energy for the employees through its harmonization with the surrounding environment. Most of the 2,000 square meters of ...
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News briefs
JD Sports Fashion is moving its multi-channel content and production...
JD Sports Fashion is moving its multi-channel content and production team to The Sharp Project in Manchester. The British sports and fashion retailer has taken 10,400 square feet of production space at the complex on a £2 million (€2.50m-$3.36m) long-term lease. The Sharp Project, home to more than 50 digital entrepreneurs ...
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News briefs
Chip Wilson, the controversial founder of Lululemon, is selling 40.2...
Chip Wilson, the controversial founder of Lululemon, is selling 40.2 million shares in the company, or half of his 27.7 percent share, for $845 million. The buyer is Advent International, a company that worked closely with Wilson in the past, investing in Lululemon in 2005, but cashed out in June ...
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News briefs
The board of directors of Callaway Golf Co. authorized the...
The board of directors of Callaway Golf Co. authorized the company to spend up to $50 million to buy back some of its shares. The move came after a 10 percent drop in the share price since Callaway reported a 7.2 percent drop in its sales and a 70 percent ...
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News briefs
A spokesman for Birkenstock denies a report that the...
A spokesman for Birkenstock denies a report that the German shoemaker may use its growing popularity to jump into the growing running footwear sector. Together with a business consultancy, Trademark One or TM1, Birkenstock is evaluating possible licensing opportunities in four other areas: healthy living & sleeping, healthy working ...
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Puma is reportedly considering buying a stake in Borussia Dortmund,...
Puma is reportedly considering buying a stake in Borussia Dortmund, the German football club of which it is a sponsor, similar to Adidas' stake in Bayern Munich
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The Feldenkreis family, which owns 20 percent of the diluted...
The Feldenkreis family, which owns 20 percent of the diluted shares of Perry Ellis International, is said to be considering a possible change of ownership
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After selling its bowling business, Brunswick Corp. is acquiring Bell...
After selling its bowling business, Brunswick Corp. is acquiring Bell Recreational Products, a U.S. supplier to the marine, recreational vehicle and powersports markets with annual sales of $40 million, which will report to its Mercury Marine unit
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Amer Sports is repurchasing up to one million of its...
Amer Sports is repurchasing up to one million of its own shares between Aug. 15 and Aug. 31, has on the authorization given by its board of directors last March 6
