More corporate news – Page 152
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News briefs
PPR Group has gone ahead formally with the launch of...
PPR Group has gone ahead formally with the launch of a cash tender offer for Volcom's shares, making it conditional on obtaining at least a majority of them on a fully diluted basis, as well as approval by antitrust authorities. The price of $24.50 per share is confirmed. The offer ...
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News briefs
Deckers Outdoor Corporation has signed an agreement to acquire Sanuk,...
Deckers Outdoor Corporation has signed an agreement to acquire Sanuk, an American brand of beach sandals and other lifestyle shoes whose sales are expected to double this year from $43 million in 2010, generating Ebitda of $15 million. Deckers will pay $120 million in cash, plus an earn-out provision of ...
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News briefs
Puma is buying its distributor and licensee in the Netherlands,...
Puma is buying its distributor and licensee in the Netherlands, Dobotex. It already owns a 50.1 percent stake in the Dutch company, and will buy the rest as of January 2012. The takeover is friendly and has the support of management at Dobotex. It also includes Dobologic, the logistics branch ...
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News briefs
Starting with the fall/winter 2011-12 season, Bleed Organic Clothing, the...
Starting with the fall/winter 2011-12 season, Bleed Organic Clothing, the German street and skate wear label, is pulling its production out of India. The specialty brand of sustainable apparel will relocate production to northern Portugal. With this move, Bleed says it wants to improve quality management, communication and the necessary ...
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News briefs
VF Corporation has broken ground on the new campus in...
VF Corporation has broken ground on the new campus in Alameda, California, that will house the new corporate headquarters of The North Face, JanSport and Lucy from the summer of 2012. Overlooking San Francisco Bay, the new facilities will make use of wind and solar power. They will feature external ...
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News briefs
BC Partners, a private equity group, is buying a 78.7...
BC Partners, a private equity group, is buying a 78.7 percent stake in Gruppo Coin SpA, the largest apparel retailer in Italy. That stake is worth €733 million, and it is reported that BC Partners will also make a play for the remaining shares as well. If so, the total ...
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Short stops
Keen plans to make 13 of its footwear styles on...
Keen plans to make 13 of its footwear styles on two production lines at its new 15,000-square-foot factory in Portland, Oregon
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News briefs
Wintersteiger has acquired a majority stake in BootDoc, an Austrian...
Wintersteiger has acquired a majority stake in BootDoc, an Austrian specialty brand of insoles, foam booties and compression socks. In its last fiscal year, BootDoc had sales of €1.7 million. While BootDoc will keep its own operations as far as research and development is concerned, the new majority owner will ...
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News briefs
JJB Sports' proposal to raise £65 million (€73.1m-$108.3m) was approved...
JJB Sports' proposal to raise £65 million (€73.1m-$108.3m) was approved at its general meeting this week. This means the company will place 162.5 million shares, using the proceeds to help go forward with its reorganization.
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News briefs
Aqua Lung International has acquired Gorski, a small company based...
Aqua Lung International has acquired Gorski, a small company based in Texas specializing in deep-water diving helmets. After its takeover last year of Whites, a Canadian firm that makes similarly sturdy wetsuits for special conditions, the move will help boost the military and professional segment of Aqua Lung, which has ...
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News briefs
India has been chosen by Vulcabras as the country where...
India has been chosen by Vulcabras as the country where it will make uppers for its athletic footwear. The Brazilian company has announced an agreement in principle to acquire a production unit for this purpose in Chennai that currently employs around 1,000 people. The plan is to invest $50 million ...
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News briefs
The new global headquarters for Speedo, in Nottingham, England, moved...
The new global headquarters for Speedo, in Nottingham, England, moved from another location in the city in November, recently had its official opening ceremony featuring a visit by Princess Anne. The new Speedo House is 35,000 square feet on three floors, and includes the company's offices, design studio, and Aqualab ...
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News briefs
La Sportiva has formally announced a strategic agreement with Fulgent...
La Sportiva has formally announced a strategic agreement with Fulgent Sun Group, which has been its Chinese footwear supplier for the past 13 years. The Italian company has invested in a joint venture with Fulgent, called Fujian La Sportiva Co. Ltd., that will promote and distribute all the products of ...
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News briefs
Umbro International has raised its stake in Noël Soccer, the...
Umbro International has raised its stake in Noël Soccer, the company that holds the Umbro license for France, from 49 to 100 percent. With a staff of nearly 50 people, Noël Soccer reportedly generated sales of €38 million in 2009. The terms of the acquisition could not be learned, but ...
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News briefs
Sports Direct International has refinanced its banking arrangements to provide...
Sports Direct International has refinanced its banking arrangements to provide funding to pursue its business and strategic objectives (Editor's Note: including a presence in most European countries). It has a contracted a new three-year unsecured credit facility of £220 million (€250.6m-$353.8m) with a group of 10 banks led by HSBC, ...
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News briefs
The Spanish Intersport organization has convened its members to a...
The Spanish Intersport organization has convened its members to a general assembly and an extraordinary meeting on March 31. The idea is for the cooperative to form a new limited partnership where the bigger members have more votes, as is the case for the Intersport organizations in France and Sweden.
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News briefs
Hummel moves its headquarters from the suburbs of Aarhus to...
Hummel moves its headquarters from the suburbs of Aarhus to the centrally located harbor of the Danish city. According to the company, an open location by the sea will reinforce the essential features of its brand, described as uniqueness, creativity and innovation. In the next few years, construction projects worth ...
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News briefs
Alfa Sko and A-Sport, which has held the Alfa license...
Alfa Sko and A-Sport, which has held the Alfa license to develop and sell ski boots for extremely harsh weather conditions since 2006, are merging into a single company called Alfa Sko AS. Pål Olimb, a former marketing director of Alfa and major shareholder and general manager of A-Sport, will ...
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News briefs
More than 20 companies have reportedly looked at possibly bidding...
More than 20 companies have reportedly looked at possibly bidding for Acushnet, the golf division that Fortune Brands wants to divest, but only four are said to be likely to be part of the process. The valuation for this division, which includes Titleist and FootJoy, is given at between $800 ...
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News briefs
Billabong International could be a potential takeover target for the...
Billabong International could be a potential takeover target for the French luxury and sporting goods conglomerate PPR, according to the Italian economic daily Il Sole 24 Ore. PPR, which owns Puma and is selling its retail business, could line up €4-5 billion to buy additional luxury and/or sportswear businesses. Ot ...
