More corporate news – Page 148
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News briefs
Head NV and HTM Sport, a subsidiary of Head, announce...
Head NV and HTM Sport, a subsidiary of Head, announce that, on Oct. 21, they expect to redeem in full their outstanding senior secured notes due in 2012. The total redemption price for the notes is expected to be €29.4 million: the principal amount of €28.8 million and accrued and ...
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News briefs
Platou Sport, the only independent outdoor retail chain in Norway,...
Platou Sport, the only independent outdoor retail chain in Norway, has been bought out by its managers. In two separate transactions, Henrik Platou, whose grandfather established the company in Bergen, sold all his remaining shares in the two companies that own the six Platou stores (more in The Outdoor Industry ...
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Short stops
Jochen Zeitz, the former chief executive of Puma who now...
Jochen Zeitz, the former chief executive of Puma who now runs the sport and lifestyle segment of PPR, has disposed of 4,500 Puma shares, currently worth a little over €1 million, according to an announcement on voting rights released by the German company
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Billabong has completed its acquisition of Surfection, an Australian retailer,...
Billabong has completed its acquisition of Surfection, an Australian retailer, in exchange for Billabong shares
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JJB Sports is going to hold a general meeting to...
JJB Sports is going to hold a general meeting to approve an Equity Incentive Plan that is designed to encourage the company's directors and senior managers to execute JJB's ongoing turnaround plan successfully. The plan would award Mike McTighe, Keith Jones, Dave Williams and David Adams, as well as a ...
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News briefs
Kesko has concluded its acquisition of 12 Intersport stores in...
Kesko has concluded its acquisition of 12 Intersport stores in Russia and plans to acquire 24 more by the end of this year. As planned, the Finnish retail conglomerate has set up a new Russian company in which it holds an 80 percent stake. The balance is owned by the ...
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News briefs
Canadian Tire has completed the acquisition of Forzani Group through...
Canadian Tire has completed the acquisition of Forzani Group through a subsidiary called FGL Acquisition, taking the company out of the Toronto stock exchange. It has also appointed a new management for FGL led by Michael Medline. The former chief executive of Forzani, Bob Sartor, is leaving, and its former ...
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News briefs
Collective Brands, the U.S. company that owns Saucony and many...
Collective Brands, the U.S. company that owns Saucony and many other brands and various retail operations, said it will review its strategic and financial alternatives, indicating that it may want to sell some of its assets. Combined with a statement about the closure of many stores, the announcement sent the ...
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News briefs
A U.S. company called Compass Diversified Holdings has agreed to...
A U.S. company called Compass Diversified Holdings has agreed to pay $257.5 million for a stake of 89.9 percent in the holding company of Camelbak, the leading supplier of portable hydration equipment for cyclists, hikers and other athletes. The price is based on an enterprise value of $245.0 million and ...
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News briefs
Bushnell Outdoor Products has bought Night Optics USA, a provider...
Bushnell Outdoor Products has bought Night Optics USA, a provider of night vision and thermal technologies based in Huntington Beach, California. Bushnell, which makes sport optics, premium eyewear and outdoor accessories, said that the acquisition would help enhance its product portfolio for the law enforcement, military and security markets. Terms ...
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News briefs
Descente has become the largest single shareholder of Musin Garment,...
Descente has become the largest single shareholder of Musin Garment, a longtime supplier of its products in Taiwan, which makes outdoor, golf and casual clothing. The Japanese company has bought a 15 percent stake in the publicly traded manufacturer for 600 million yen (€5.5m-$7.8m). It will consider raising this stake ...
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News briefs
Anta, the Chinese footwear brand, plans to invest in a...
Anta, the Chinese footwear brand, plans to invest in a new production facility for leather footwear in Shangqiu, a city in Henan province. The company will put more than $150 million toward the project. Shangqiu, which has a population of 7.5 million and is a central hub for several railway ...
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News briefs
Deckers Outdoor Corporation has entered into a new $200 million...
Deckers Outdoor Corporation has entered into a new $200 million secured revolving credit facility that contains a $50 million sublimit for the issuance of letters of credit and a $5 million sublimit for swingline loans. The company has the option to increase the maximum principal amount available under the credit ...
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News briefs
Jack Wolfskin has ambitious financial goals for this year. The...
Jack Wolfskin has ambitious financial goals for this year. The company is going back into the Canadian market and opening a new store in France (more in The Outdoor Industry Compass).
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VF Corporation got proceeds of about $892 million from the...
VF Corporation got proceeds of about $892 million from the sale of $900 million in notes due in 2013 and 2021 in order to finance its acquisition of Timberland
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The European Commission has approved the purchase of Timberland by...
The European Commission has approved the purchase of Timberland by VF Corporation, paving the way for Timberland to be part of VF's outdoor & action sports coalition when the acquisition is completed, probably before the end of the third quarter
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By autumn 2012, L-Fashion Group is expected to move into...
By autumn 2012, L-Fashion Group is expected to move into a new 11,500-square-meter head office in Helsinki, about five kilometers away from its present location
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News briefs
Sportmaster, the leading sporting goods retailer in Russia and in...
Sportmaster, the leading sporting goods retailer in Russia and in the rest of the former Soviet Union, and a major wholesaler in the territory, is said to be considering a flotation on the London Stock Exchange sometime in 2012, according to Reuters. Sportmaster could raise between $600 million and $700 ...
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News briefs
PPR has raised its stake in Puma from 71.6 percent...
PPR has raised its stake in Puma from 71.6 percent to 75.1 percent. Out of the new equity, 1.15 percent of the stock will still be held by Puma.
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News briefs
Icon Health & Fitness has bought Altra Footwear, a developer...
Icon Health & Fitness has bought Altra Footwear, a developer of minimalist shoes, for an undisclosed amount. Altra Footwear was founded in 2009 by runners, and claims to have created the first “zero-drop” footwear line, meaning that the heel is the same height as the toe. Most running shoes have ...
