More corporate news – Page 154
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Using the authorization given by shareholders at the annual meeting...
Using the authorization given by shareholders at the annual meeting one year ago, Amer Sports has decided to acquire up to one million own shares between Feb. 23 and Sept. 9
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News briefs
Pure Fishing, the wholly-owned subsidiary of Jarden Corporation, has acquired...
Pure Fishing, the wholly-owned subsidiary of Jarden Corporation, has acquired substantially all of the assets of the Sebile fishing lure business from Sebile International. Financial terms of the transaction were not disclosed.
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News briefs
Berkshire Hathaway divested its 3,642,929 shares of Nike in the...
Berkshire Hathaway divested its 3,642,929 shares of Nike in the fourth quarter. At current market value the stake is worth $311.7 million. The investment company, managed by Warren Buffet, had already halved its stake in Nike in the third quarter. The sale is part of a change in investment strategy ...
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The board of directors of Amer Sports has announced that...
The board of directors of Amer Sports has announced that the company will begin a share repurchasing program as a way to implement share-based incentive plans for key personnel in 2011 and 2012. The process will start on Feb. 23 and the final date will be Sept. 9, at the ...
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Richard Litzel, the well-known German industry veteran who ran Reebok...
Richard Litzel, the well-known German industry veteran who ran Reebok in Central Europe and brought Keen to Europe, is launching a new brand of comfort shoes called Forme, together with other investors (more in Shoe Intelligence)
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Vibram has taken over the distribution of its soles in...
Vibram has taken over the distribution of its soles in the U.S. (more in The Outdoor Industry Compass)
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News briefs
In a strategic move, Oberalp, parent company of Dynafit, Silvretta...
In a strategic move, Oberalp, parent company of Dynafit, Silvretta and Salewa, has taken over Pomoca, a leading Swiss manufacturer of skins for touring skis. The founding Dufour family will remain at the top of the operating business of the company, which was founded in 1933. Pomoca will remain an ...
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News briefs
Kneissl, the legendary Austrian ski brand, has run out of...
Kneissl, the legendary Austrian ski brand, has run out of money again. Reportedly, Andreas Gebauer, the managing director, has filed for bankruptcy because the strong man behind the company, Sheikh Al Jaber, did not provide the promised and necessary increase in capital. According to Sport-Fachhandel, the German trade publication, Gebauer ...
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News briefs
A report on CNBC, the financial news source, says that...
A report on CNBC, the financial news source, says that Morgan Stanley has sent out marketing materials and nondisclosure agreements related to the sale of Acushnet, the golf division of Fortune Brands. Among the potential buyers are Nike, Adidas, Callaway, Sumitomo Rubber (the parent company of Cleveland/Srixon) and Mizuno. CNBC ...
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Halti has signed a long-term license agreement with Fischer for...
Halti has signed a long-term license agreement with Fischer for a line of alpine ski clothing (more in the next issue)
