More corporate news – Page 128
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News briefs
There has been some agitation in Billabong International's stock quotation...
There has been some agitation in Billabong International's stock quotation in the past few days, which rose to a high of 65 Australian pennies earlier today. It was probably linked to an investment by Coastal Capital International, which now has 5 percent of the voting shares. Meanwhile, Paul Naude, the ...
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News briefs
An Italian investment firm, Tamburi Investment Partners (TIP), has paid...
An Italian investment firm, Tamburi Investment Partners (TIP), has paid €103 million for a 14 percent stake in Ruffini Partecipazioni, the company through which Remo Ruffini controls 32 percent of Moncler. Ruffini is also Moncler's chairman and creative director. TIP's investment suggests a mid- to long-term vision for the brand ...
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Short stops
Quiksilver Europe has told its 738 employees that it is...
Quiksilver Europe has told its 738 employees that it is contemplating the elimination of 38 jobs
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News briefs
Diadora's parent company, LIR, has reportedly bought back the rights...
Diadora's parent company, LIR, has reportedly bought back the rights to the brand for China, Hong Kong and Macau for €9.2 million from Win Hanverky, a big Chinese apparel manufacturer that has also been a licensee of Umbro for many years. Without quoting the price of the transaction, a statement ...
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News briefs
Quiksilver plans to offer $500 million worth of senior secured...
Quiksilver plans to offer $500 million worth of senior secured notes. Half of them would be due in 2018 and the other half in 2020. The bonds will be secured and unconditionally guaranteed on a senior basis by some of Quiksilver's U.S. subsidiaries. The proceeds would be used to redeem ...
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News briefs
The Swiss renting agency Rent A Bike and the Swiss...
The Swiss renting agency Rent A Bike and the Swiss Intersport, whose equipment rental operations specialize in winter sports equipment, have signed a long-time cooperation for bike rentals in Switzerland, starting with the spring of 2014. Rent A Bike and Intersport will develop a network of rental stations together via ...
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News briefs
New Wave Group of Sweden, parent company of Craft, has...
New Wave Group of Sweden, parent company of Craft, has acquired the rights to distribute its Craft performance apparel brand in the U.S. and Canada from Karhu North America, which had been Craft's exclusive distributor in North America since 1999. The acquisition was made through New Wave USA, a wholly ...
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News briefs
Implus has announced the acquisition of the shoe care, insole,...
Implus has announced the acquisition of the shoe care, insole, and shoe lace assets of the Pennsylvania-based Penguin Brands, one of Implus' major competitors in the shoe care category. Implus' family of brands also includes Sof Sole, Yaktrax, Apara, Airplus, Sneaker Balls, Sof Comfort, Little Hotties, Perfect Fitness and ICETrekkers. For ...
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News briefs
GE, the marketer of the waterproof and breathable laminates, has...
GE, the marketer of the waterproof and breathable laminates, has announced a strategic partnership with the Dishang Group, a major original manufacturer and exporter of textiles. Dishang has agreed to provide completely integrated eVent solutions for the design, sourcing and production of apparel. The group will support GE in the ...
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News briefs
Wolverine Worldwide has decided to carry out a two-for-one stock...
Wolverine Worldwide has decided to carry out a two-for-one stock split. Shareholders registered by Oct. 1 will receive one new share for each one that they own, and their market price will be cut in half. After the stock split, they will receive a dividend of 6 cents per share, ...
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Short stops
Footlocker has completed the acquisition of Runners Point in...
Footlocker has completed the acquisition of Runners Point in Germany
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News briefs
Charles Claire LLP, a British sourcing company for golf retailers...
Charles Claire LLP, a British sourcing company for golf retailers and professionals that had become the licensee of Lynx Golf, has acquired ownership of the Lynx golf brand for the U.K. and the rest of Europe from Chester Hunt, who has also been working with Claire for his Hippo Golf ...
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News briefs
Masai International reports that Switzerland's highest court has fully rejected...
Masai International reports that Switzerland's highest court has fully rejected any further challenges to its purchase of MBT. Two lower courts had already ruled in favor of the company's new owner, the Singapore-based Andy Chaw, and against plaintiffs such as the founder of the brand, Karl Müller senior. Chaw has ...
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News briefs
Billabong International's depressed share value went up by 46 percent...
Billabong International's depressed share value went up by 46 percent on June 25 as the Australian company reported that separate discussions were “well advanced” with two investment consortia led by Altamont Capital Partners and Sycamore Partners for the sale of its assets. The company said that the proceeds would be ...
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News briefs
Acting through a subsidiary in Singapore, Shimano is investing about...
Acting through a subsidiary in Singapore, Shimano is investing about $36 million to set up a factory in the Philippines for the local market. It is expected to go into operation at the end of 2014.
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News briefs
Gazelle has announced that it will build a new plant...
Gazelle has announced that it will build a new plant at its current location in Dieren, Netherlands, requiring an investment of more than €10 million. The news, reported by Bike Europe, comes after rumors that the Dutch bicycle manufacturer, part of Pon Holdings, would relocate its production facilities. The current ...
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News briefs
Puma has announced the construction of a new central distribution...
Puma has announced the construction of a new central distribution center for the Nordic region in Sweden, centralizing the current warehouses of Puma, Cobra Puma Golf and Tretorn in the area. Located in Helsingborg, in the industrial estate of Berga, the facility will be an expansion of the local head ...
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Short stops
Spyder Active Sports has started up an new distribution facility...
Spyder Active Sports has started up an new distribution facility in Kent, Washington for products sourced in the Far East and dispatched to U.S. and Canadian customers
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News briefs
Lululemon Athletica, the fast-growing Canadian company specializing in yoga and...
Lululemon Athletica, the fast-growing Canadian company specializing in yoga and women's activewear, has served notice that it will delist from the Toronto Stock Exchange, but it will continue to be listed on Nasdaq in the U.S. The announcement coincided with the news that the company's chief executive, Christine Day, will ...
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News briefs
Eilers Sport, which is described by Sport Partner as the...
Eilers Sport, which is described by Sport Partner as the oldest sports distribution company in the Netherlands, is to be taken over by French partners. Eilers is a wholesaler selling specialist team sports and other products to retailers, from brands like Mikasa, Easton, Toalson, Porter, Ihsan and Trial, among others. ...
