More corporate news – Page 82
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The L-Fashion Group is acquiring a stake of 49 percent...
The L-Fashion Group is acquiring a stake of 49 percent in Dachstein, the venerable Austrian brand of outdoor shoes. The shares are being sold by the controlling shareholder, Austro Holding, and by the company's chief executive, Oliver Wieser. Christian Wolsegger, Dachstein's sales manager, is taking over his place. More in ...
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The Thule Group has entered into a new, more flexible...
The Thule Group has entered into a new, more flexible and more cost-efficient financing agreement that replaces the one it had contracted in connection with its public offering in November 2014. The new revolving credit facility of €300 million has a maturity of five years with an option for a ...
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Calida Holding, the Swiss lingerie company that has controlled Lafuma...
Calida Holding, the Swiss lingerie company that has controlled Lafuma since December 2013, has announced the acquisition of a further 8.54 percent stake in the company, by taking over all the shares held by a minority investor, CDC Entreprises Elan PME. With this transaction, Calida's stake rises to 87.70 percent. ...
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Eddie Bauer and Pacific Sunwear, two struggling American retail chains...
Eddie Bauer and Pacific Sunwear, two struggling American retail chains that together have a total of 700 stores, are being merged into a single operation for all their back-office functions. They were both taken over by Golden Gate Capital through bankruptcy auctions.
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VF Corporation has announced the completion of its acquisition of...
VF Corporation has announced the completion of its acquisition of Altra from Icon Health & Fitness
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Accell Group has founded a new start-up called Accell Digital....
Accell Group has founded a new start-up called Accell Digital. According to reports in Bike Europe, the Dutch bike maker is building a centralized, multi-brand online platform for direct-to-consumer sales. For its new start-up, based in Amsterdam, Accell has hired Marcus Diekmann, who is currently director of digital, e-commerce and ...
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Patrick Frisk, the new chief operating officer of Under Armour,...
Patrick Frisk, the new chief operating officer of Under Armour, has bought a new tranche of shares in the company, indicating his growing confidence in its turnaround. After his latest purchase, his shares were worth more than $12 million.
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Sports Direct International has launched a proxy battle in the...
Sports Direct International has launched a proxy battle in the U.S. against the board of directors of Iconix Brands Group, the licensor of Umbro, Danskin and many other brands, in which it owns about 9 percent of the shares since the beginning of 2016. It is nominating four candidates for ...
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The Norman Group, which has replaced Trerè Innovation as the...
The Norman Group, which has replaced Trerè Innovation as the manufacturer of X-Technology's products in Italy, is investing in a new factory in Serbia that will become operational in the spring of 2019, with a capacity of six million pieces per year. The company currently manufactures about 15 million units ...
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Acting through its strategic investment arm, Tin Shed Ventures, Patagonia...
Acting through its strategic investment arm, Tin Shed Ventures, Patagonia has joined a $12.4 million funding round for NuMat Technologies, which develops and markets metal-organic frameworks (MOFs) that are programmed to specifically interact with targeted molecules. NuMat compares its manufacturing process to precision medicine in the health care sector.
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Amer Sports notified the investment community that AXA, the French-based...
Amer Sports notified the investment community that AXA, the French-based insurance company, raised its stake in the company to 5.26%, but then it said it was reduced to below 5%
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Escalade has sold its 50% stake in the Stiga...
Escalade has sold its 50% stake in the Stiga Sports Group to a Swedish private investor and will license back the Stiga brand for table tennis in North America
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The Tecnica Group is conducting a project for lean production...
The Tecnica Group is conducting a project for lean production at its ski boot factory in Hungary
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News briefs
At the company's annual shareholders' meeting a few days ago,...
At the company's annual shareholders' meeting a few days ago, Kasper Rorsted, chief executive at the Adidas Group, reiterated that the company anticipates a “normalization” of its growth this year, after two years of strong double-digit sales expansion. As reported earlier, the group's sales growth slowed down in Western Europe ...
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Puma formally exited the Kering group earlier this week, with...
Puma formally exited the Kering group earlier this week, with the distribution of Puma shares to Kering shareholders. The distribution ratio amounted to one Puma share for 12 Kering shares held, and the payment date was May 16. Puma's opening share price on the day was €429.0 but the company's ...
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Newell Brands plans to divest Pure Fishing, a division of...
Newell Brands plans to divest Pure Fishing, a division of the former Jarden Corporation that groups numerous brands including Berkley, Abu Garcia, Penn and Shakespeare, joining Rawlings on the selling block. It will also seek a buyer for Jostens. This means that it is likely to retain Coleman, Marmot and ...
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Meridia Private Equity, an investment fund created in 2006 by...
Meridia Private Equity, an investment fund created in 2006 by Javier Faus, a former manager of FC Barcelona, has acquired a significant minority stake in Fútbol Emotion, a Spanish chain of football stores, to help it to expand in Spain and abroad. Founded in 2002, Fútbol Emotion has just opened ...
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Nike has completed the transfer of its Spanish subsidiary from...
Nike has completed the transfer of its Spanish subsidiary from El Prat de Llobregat to a 4,300-square-meter office with more technical features in downtown Barcelona
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News briefs
Calderon Sport, which was for many years the leading sporting...
Calderon Sport, which was for many years the leading sporting goods retailer in the region of Madrid, is moving toward the liquidation of its remaining stores and its online shop, according to CMD Sport. The company, which had more than 30 stores ten years ago, was founded by the Calderon ...
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Surfstitch Australia, the online retailer specializing in action sports products,...
Surfstitch Australia, the online retailer specializing in action sports products, has been taken over by an entity of the Alceon Group, a private equity firm. The offer was approved by creditors of the Surfstich Group at a meeting early last month. Alceon already owns Ezibuy, an online retailer of clothing ...
