More corporate news – Page 139
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News briefs
The Spanish group Jim Sports, based in Melida and distributor...
The Spanish group Jim Sports, based in Melida and distributor of such brands as Slazenger and Carlton, has acquired for an undisclosed amount the Catalan brand Squba, specializing in high-performance swimwear and previously owned by Barcelona-based Mildosport. With the incorporation of Squba, Jim Sports enters for the first time the ...
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News briefs
The Adidas Group has signed a revolving credit facility worth...
The Adidas Group has signed a revolving credit facility worth €500 million with a pool of banks, following an oversubscribed offer. The new five-year facility incorporates two options for a one-year extension which are to be excercised at the end of the first and the second year, respectively. With the ...
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News briefs
The board of Rapala VMC Corporation has approved a new...
The board of Rapala VMC Corporation has approved a new share-based incentive plan for key personnel. The plan includes one earning period, running from April 1, 2012, to June 30, 2013. The potential reward from the plan will be based on the development of Rapala's inventory levels and Ebitda. Any ...
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News briefs
Dorel Industries' Cycling Sports Group (CSG) is opening a 600-square-meter...
Dorel Industries' Cycling Sports Group (CSG) is opening a 600-square-meter research and development facility in Freiburg, Germany, this summer. It joins R&D facilities in Bethel, Connecticut, and Taichung, Taiwan, and puts the company close to the heart of the European cycling market. It is located close to the Black Forest, ...
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News briefs
To mark the 50th anniversary of the opening of its...
To mark the 50th anniversary of the opening of its manufacturing plant in Irvine, Scotland, Wilson Golf christened its new EMEA Wilson Golf Competency Center there this month. Paul Lawrie, the winner of the 1999 Open and a Wilson athlete, was on hand to celebrate the opening of the center, ...
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Short stops
Oriel Securities has been appointed joint corporate broker to Sports...
Oriel Securities has been appointed joint corporate broker to Sports Direct International, alongside Merrill Lynch
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News briefs
Under Armour has announced its first two-for-one stock split of...
Under Armour has announced its first two-for-one stock split of its outstanding common stock. The stock split will take the form of a dividend of one share of Class A Common Stock for each share of Class A Common Stock outstanding and one share of Class B Common Stock for ...
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News briefs
Meryl Fiber, the French-Italian manufacturer of nylon fibers, has been...
Meryl Fiber, the French-Italian manufacturer of nylon fibers, has been ordered by a bankruptcy court to immediately shut down its French factory, which employs 343 people. The company suffered a big loss in 2011 as its sales dropped to €70 million from €85 million the year before. A cash squeeze ...
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News briefs
Sport-Master, the largest cooperative of sporting goods retailers in Denmark,...
Sport-Master, the largest cooperative of sporting goods retailers in Denmark, is going to become an integrated retail chain. An equity investment company, Nordic Capital Fund VII, has signed an agreement to take it over, along with its parent company, Sport Danmark, and 96 percent of its 100-plus affiliated stores trading ...
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News briefs
CDC Enterprises has injected €1.6 million more into Avance Diffusion,...
CDC Enterprises has injected €1.6 million more into Avance Diffusion, parent company of Degré 7, Duvillard and other apparel brands, bringing up its total investment in the French company to €4.5 million since its first step in August 2010. Including other brands, Avance Diffusion had total revenues of more than ...
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News briefs
In reporting very good results for the first quarter, Dick's...
In reporting very good results for the first quarter, Dick's Sporting Goods described its recent £20 million (€150.0m-$186.1m) investment in JJB Sports as a “high-risk, high-reward” proposition. It expressed confidence in the new management of the British chain to turn it around, without diverting the attention of the U.S. management. ...
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News briefs
Hanesbrands is looking to improve its margins and focus more...
Hanesbrands is looking to improve its margins and focus more on its branded portfolio in the Americas and Asia, and one of its actions is selling it European imagewear division. Smartwear will buy the division, which accounts for about 8 percent of Hanesbrands' revenues, for €15 million. Hanesbrands said that ...
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News briefs
There seem to be at least two or three serious...
There seem to be at least two or three serious potential bidders the MTB brand and other related assets. Meanwhile, MBT's sales subsidiaries in the U.K., Germany and the Netherlands have followed the parent company into bankruptcy proceedings. Some of the MBT stores in the U.K. are reportedly being shut ...
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News briefs
VF Corporation reportedly plans to reduce footwear sourcing in the...
VF Corporation reportedly plans to reduce footwear sourcing in the southern part of China to 11 million pairs by 2016, down from 40 million pairs in 2010. It plans to source more shoes from northern China, Vietnam, Bangladesh and elsewhere.
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News briefs
DVS Shoe, the American action sports company that filed for...
DVS Shoe, the American action sports company that filed for Chapter 11 bankruptcy protection last week, is hoping to draw bids of at least $4.3 million at an auction to be held in June – if approved by the bankruptcy court. The company filed for bankruptcy protection under a procedure ...
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News briefs
None of 125 people working at the head office of...
None of 125 people working at the head office of Champion Europe in Carpi was injured. Same for the 75-odd employees at the nearby office in Campogalliano of Game 7 Athletics, the Italian sporting goods retail chain owned by Champion Europe. However, they were all told to go home last Tuesday, after the second shock ...
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News briefs
Rumors are circulating about a possible new change of ownership...
Rumors are circulating about a possible new change of ownership for Cisalfa Sport, the leading sporting goods retailing group in Italy that also owns Intersport Italia. The rumors indicate that its founder, Vincenzo Mancini, may buy back Cisalfa after sounding out potential investors in the U.K., Austria and Russia. Cisalfa's ...
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News briefs
Golf Town, the largest golf retail chain in Canada, has...
Golf Town, the largest golf retail chain in Canada, has struck an agreement to acquire Golfsmith, the largest golf retailer in the U.S., in a merger deal that would create the world's largest specialty golf retailer, with about 150 stores in North America and annual sales approaching $800 million. Golfsmith ...
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News briefs
The Ziener family, which owns the German producer of gloves...
The Ziener family, which owns the German producer of gloves by the same name, has sold a 34.5 percent share of the company to an institutional investor. Sport-Fachhandel, the German trade publication, reports that the new partner is Hannover Finanz Gruppe, a private equity company that has 44 companies in ...
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News briefs
Sundek, the Italian brand of colorful boardshorts, is up for...
Sundek, the Italian brand of colorful boardshorts, is up for sale, according to the Italian press, as its controlling shareholder, an equity investment fund called DGPA, has decided to get out of the garment sector. The company, which had a reported turnover of €25 million last year, has been diversifying ...
