More corporate news – Page 91
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News briefs
Sports Direct has raised its stake in Debenhams, the British...
Sports Direct has raised its stake in Debenhams, the British department store chain, from 16.0 percent to 17.08 percent. The move can be regarded as more than just a financial investment as Sports Direct has concessions in several Debenhams stores in the U.K.
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Brooks Running Company, a subsidiary of Berkshire Hathaway, has announced...
Brooks Running Company, a subsidiary of Berkshire Hathaway, has announced that it will expand its global footprint with entry into two new markets – China and Brazil - starting in July of this year. In China, Brooks' products will be available online through T-Mall and Amazon as well as at ...
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Marco Boglione, chairman of BasicNet, is taking over the minority...
Marco Boglione, chairman of BasicNet, is taking over the minority stakes of his brothers Enrico and Francesco in Basic World, the family holding company which owns 36.65 percent of BasicNet's shares. Both Enrico and Francesco, who are involved in other sectors, own 4.7 percent of Basic World. They will be ...
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The Fenix Outdoor group has a new shareholder, Bestseller United,...
The Fenix Outdoor group has a new shareholder, Bestseller United, a Danish fashion group that already has stakes in Zalando and Asos, among others. Bestseller United is the holding company for Bestseller, the company behind several fashion brands. They include Jack & Jones, Vero Moda and Vila along with J. ...
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Emerald Exposition Events, which owns Outdoor Retailer, Surf Expo, Interbike...
Emerald Exposition Events, which owns Outdoor Retailer, Surf Expo, Interbike and many other trade shows in the U.S., opened with a share price of $21.60 on the New York Stock Exchange today, giving it a market capitalization of $1.6 billion. The company and some of its shareholders started offering 15.5 ...
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British anti-trust authorities have approved the acquisition of Go Outdoors...
British anti-trust authorities have approved the acquisition of Go Outdoors by JD Sports Fashion
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VF Corp.'s sale of Majestic to Fanatics has been completed...
VF Corp.'s sale of Majestic to Fanatics has been completed
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News briefs
21Sportsgroup, the German omni-channel retailer specializing in sports products, is...
21Sportsgroup, the German omni-channel retailer specializing in sports products, is getting a large-scale logistical platform built in Ketsch, near Heidelberg, to support its growth in European markets. The company behind 21run, Vaola and Planet Sports is reportedly investing €25 million in the distribution center, which should cover more than 30,000 ...
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News briefs
Newton Running is apparently going through a major restructuring process,...
Newton Running is apparently going through a major restructuring process, concentrating on independent running specialists and online sales. Runners World and the Boulder Daily Camera have reported that Danny Abshire, one of the two founders of the American company, has left it, and that the other co-founder, Jerry Lee, is ...
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News briefs
Sequential Brands has appointed Karen Murray as its new chief...
Sequential Brands has appointed Karen Murray as its new chief executive officer. Most recently, Murray served as president of VF Sportswear, a wholly-owned subsidiary of VF Corp. She replaces Yehuda Shmidman, who is stepping down from his position and as a member of the board of directors. Murray joined VF ...
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Der Spiegel reports that Jack Wolfskin could be taken over...
Der Spiegel reports that Jack Wolfskin could be taken over by hedge funds, as Blackstone is preparing to pull out of the German outdoor company. The U.S. private equity firm acquired Jack Wolfskin in a leveraged buy-out of an estimated €650 million in 2011 but it reportedly had to inject ...
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News briefs
A store manager in Barnstaple, Alex Balacki has been elected...
A store manager in Barnstaple, Alex Balacki has been elected as the workers' representative on the board of Sports Direct International (SDI). This was one of the measures announced by the British sports retailer and wholesaler after it came under scrutiny last year, with regard to working practices at its ...
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News briefs
Sports Direct International (SDI) has finalized the sale of its...
Sports Direct International (SDI) has finalized the sale of its rights to the Dunlop brand and the related wholesale and licensing business to affiliates of Sumitomo Rubber Industry (SRI), for $137.5 million in cash. The sum is to be adjusted for net debt and working capital on completion. The agreement ...
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News briefs
L Catterton, the private equity firm backed by LVMH, is...
L Catterton, the private equity firm backed by LVMH, is reportedly looking to create the largest independent swimwear and beach lifestyle platform in the world through its investments in Seafolly and Maaji. The global platform will combine for the moment Seafolly, the Australian swimwear label, in which L Catterton acquired ...
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News briefs
The Adidas Group has teamed up with Carbon, a U.S....
The Adidas Group has teamed up with Carbon, a U.S. start-up company, to make running shoes featuring midsoles produced with light and oxygen, which may be manufactured on a large scale. The first batch of 5,000 shoes to be made as part of the Futurecraft 4D project should hit the ...
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News briefs
In a conference call with financial analysts ahead of the...
In a conference call with financial analysts ahead of the release of its first-quarter financial results later this month, GoPro promised to cut its operating expenses this year by $200 million through various measures including the elimination of 270 jobs, or about 17 percent of its staff. The company, which ...
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News briefs
Another minority shareholder of Deckers Brands has called for a...
Another minority shareholder of Deckers Brands has called for a sale of the company, charging that it has underperformed in the past three to five years. Mountain Capital Partners, which owns 3.3 percent of the equity, complained in particular about poor capital allocation decisions by Deckers' management, adding that there ...
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VF Corporation has finalized a deal for the sale of...
VF Corporation has finalized a deal for the sale of Majestic, its U.S. factory and other parts of its Licensed Sports Group to Fanatics
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VF Corp. is integrating its Lucy brand of activewear and...
VF Corp. is integrating its Lucy brand of activewear and its 44 single-brand stores in the U.S. into the operations of The North Face
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Rapala VMC Corporation has completed negotiations with its staff that...
Rapala VMC Corporation has completed negotiations with its staff that will lead to the layoff of 50 employees in Finland, but the talks are still on in Estonia, where a maximum of 10 should be let go
