More corporate news – Page 150
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Short stops
Correction: Moon Boots are part of Tecnica, not Dolomite, another...
Correction: Moon Boots are part of Tecnica, not Dolomite, another brand of Tecnica Group
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News briefs
Following an interesting business model, the Adidas Group is indirectly...
Following an interesting business model, the Adidas Group is indirectly backing the development of new brands and new technologies through a new fund in San Francisco, Hydra Ventures. It is structured as a venture capital fund, but it is headed up by Tom Montgomery, who has beben head of corporate ...
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News briefs
The Swiss group Maus Frères, owner of Lacoste and Aigle,...
The Swiss group Maus Frères, owner of Lacoste and Aigle, has taken a majority stake in Eboutic.ch, the leading online retailer in Switzerland. It bought a 70 percent stake in the company for an undisclosed sum, leaving the remaining 30 percent under the control of Eboutic's founders, Arthur Dauchez and ...
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News briefs
Dema Bicycles of Slovakia and Planet Bicycles of Taiwan have...
Dema Bicycles of Slovakia and Planet Bicycles of Taiwan have formed a 50-50 joint venture called Bike Planet, with a goal of having production of city and touring bikes closer to the European market. Ravi Hingorani will head up the European operations of Bike Planet, bringing many years of experience ...
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News briefs
Bushnell Outdoor Products has created the Bushnell Eyewear Division, which...
Bushnell Outdoor Products has created the Bushnell Eyewear Division, which will be in charge of the Bollé, Bollé Safety, Cébé and Serengeti eyewear brands. Olivier Ciaravino is the head of the new division and will be based in the eyewear business' headquarters in Suresnes, France. It will have regional business ...
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News briefs
Pou Chen Corporation, the major shareholder of Yue Yuen (see...
Pou Chen Corporation, the major shareholder of Yue Yuen (see its results further down), indicates that it should be able to complete a major reorganization of its Asian production apparatus by end of 2012, in response to rising labor costs in Eastern China. It will relocate a large part of ...
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News briefs
Fortune Brands, which plans to close on the $1.23 billion...
Fortune Brands, which plans to close on the $1.23 billion sale of Titleist, FootJoy and Pinnacle to Fila Korea and other investors this summer, plans to split the balance of its operations at the end of this year into two separate publicly traded units, one for spirits and wines, and ...
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News briefs
TCN, the Dutch real estate company specializing in trademarts and...
TCN, the Dutch real estate company specializing in trademarts and business centers, has become the full owner of Brandboxx Salzburg and Brandboxx Hannover. It previously shared ownership of the two centers with CVI, a private equity partner. On a surface of about 40,000 square meters, the unit in Salzburg is ...
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News briefs
Accell Group, the Dutch company that owns a raft of...
Accell Group, the Dutch company that owns a raft of cycling and fitness brands, has agreed to take over all shares of Vartex, a Swedish trading company dealing in bicycles and bicycle parts. Accell is formally acquiring Vartex through Batavus, one of its subsidiaries and bicycle brands. Based in Varberg, ...
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News briefs
Bernard Mariette, president and chief executive of Coalision, the Canadian...
Bernard Mariette, president and chief executive of Coalision, the Canadian owner of the Orage, Lolë and Paradox brands, has acquired a stake of 21 percent in the company through Pélican, an investment fund that he heads himself. Mariette said that the investment reflected his enthusiasm for the company and its ...
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News briefs
PPR, the French luxury and sports lifestyle company, has obtained...
PPR, the French luxury and sports lifestyle company, has obtained 87.4 percent of Volcom's issued and outstanding shares at a price of $24.50 per share in cash, after the extension of its offering period until June 22. PPR intends to exercise the top-up option to purchase more shares directly from ...
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News briefs
As part of its efforts to diversify its sourcing capacity...
As part of its efforts to diversify its sourcing capacity in South East Asia, Quiksilver has opened a new office in Jakarta. The company said that the facility would enable it to better support and expand its retail operations in the region. It should host Quiksilver design, sales, marketing and ...
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Short stops
Garmin has agreed to acquire Navigon, a German company focusing...
Garmin has agreed to acquire Navigon, a German company focusing on portable navigation devices
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News briefs
At Intersport Sverige's annual general meeting last month, the retail...
At Intersport Sverige's annual general meeting last month, the retail members of the 50-year-old voluntary group decided to give it a more capitalistic structure – somewhat like the one adopted in France or the one that was recently decided for adoption in Spain. At the end of this year, the ...
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News briefs
Intersport Danmark stands to lose around 20 percent of its...
Intersport Danmark stands to lose around 20 percent of its turnover due to the expected pull-out at the end of this year of Sport 2010, a big chain of 14 stores that resulted from the recent merger of three retail members last year. It is leaving the voluntary group because ...
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News briefs
Canadian Tire is stretching the deadline for responses to its...
Canadian Tire is stretching the deadline for responses to its bid for Forzani Group's shares after being informed by the Canadian Competition Bureau that it would need more information to review the proposed transaction. Forzani's shareholders will have 30 days to tender their shares after the supply of the additional ...
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News briefs
Jack Wolfskin may be sold after all. According to Reuters,...
Jack Wolfskin may be sold after all. According to Reuters, the Blackstone equity fund has started exclusive negotiations over the possible acquisition of the German outdoor apparel and equipment company, which may be concluded by the third quarter of this year. Reuters mentions a potential valuation of €700 million for ...
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News briefs
About 72.3 percent of Volcom's shares were tendered to PPR,...
About 72.3 percent of Volcom's shares were tendered to PPR, the French luxury and sports lifestyle company, as its extended offer to take over the American skating brand at a price of $24.50 per share in cash expired last Thursday night. Adding other shares tendered pursuant to guaranteed delivery procedures, ...
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News briefs
Shortly after its decision to invest in a factory in...
Shortly after its decision to invest in a factory in India, Vulcabras is announcing the shutdown of the factory set up at Parobé, in the Brazilian state of Rio Grande do Sul, in 1958 by Azaleia, the big shoe company that it acquired a few years ago. The factory employs ...
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News briefs
Newton Running, an American brand of “natural running” shoes, has...
Newton Running, an American brand of “natural running” shoes, has drawn an investment of between $10 million and $20 million from Fireman Capital Partners, the private equity firm of Paul Fireman, who built up the Reebok brand and sold it to Adidas five years ago for $3.8 billion. Dan Fireman, ...
