More corporate news – Page 97
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An indirectly owned subsidiary of 361°, Sanliuyidu Xiamen, has acquired...
An indirectly owned subsidiary of 361°, Sanliuyidu Xiamen, has acquired 80 percent of the shares in the e-commerce service provider of the Chinese brand for RMB 880,000 (€117,230-$131,428). The contract between the two parties was going to end, and 361° said the takeover was the most expedient way of changing ...
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Newell Brands is aiming to sell or even shut down...
Newell Brands is aiming to sell or even shut down businesses totaling sales of $250 to 300 million by the end of this year, said its management, giving some indications that Coleman will not be part of the package. It wants to retain brands and geographies that offer the strongest ...
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Ocean freight containers are reportedly sitting unattended at ports in...
Ocean freight containers are reportedly sitting unattended at ports in the U.S. and Europe as one of the world's major freight forwarders, Hanjin Shipping of South Korea, has filed for insolvency. Hanjin has also filed for bankruptcy protection from creditors in a U.S. The company has liabilities equivalent to $6.0 ...
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Creditors have given Performance Sports Group (PSG), parent company of...
Creditors have given Performance Sports Group (PSG), parent company of Bauer and other brands, an extension from Oct. 5 to Oct. 28 to file its financial statements for the financial year ended May 31, pending an internal investigation of its accounts and those being conducted by U.S. and Canadian regulatory ...
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Wolverine Worldwide will invest $1 or $2 million to expand...
Wolverine Worldwide will invest $1 or $2 million to expand its manufacturing plant in Grand Rapids, Michigan, adding 16,000 square feet of space and about two dozen new jobs by early next year. It will the first expansion in 70 years for the facility, which makes mainly shoes and boots ...
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Wolverine Worldwide announced on Aug. 16 that it was...
Wolverine Worldwide announced on Aug. 16 that it was going to offer $250 million worth of senior notes to fund the redemption of its outstanding senior notes due 2020, which carry annual interest of 6.125 percent. The new notes have been priced with an interest rate of 5.000 percent, due ...
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Adidas has announced it will open its first Speedfactory for...
Adidas has announced it will open its first Speedfactory for the U.S. market in the Atlanta, Georgia area in 2017. The purpose of the new highly automated shoe factory is to allow the sporting goods giant to create products faster and closer to its consumers in the U.S., with more ...
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Nike has announced the acquisition of Virgin Mega, a tech...
Nike has announced the acquisition of Virgin Mega, a tech start-up that is part of Richard Branson's Virgin Group. The terms of the transaction were not disclosed. The acquisition is meant to help Nike launch a new digital studio based in New York City, which will focus on innovative consumer ...
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Skullcandy announced yesterdat that its board of directors had accepted...
Skullcandy announced yesterdat that its board of directors had accepted to negotiate a revised takeover offer at $6.35 a share by Mill Road Capital Management that values the American headphone producer at about $196 million. Meanwhile, another company, Incipio, extended an offer at $6.10 share for another two weeks. Incipio ...
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Compass Diversified Holding (Codi) has announced it has raised around...
Compass Diversified Holding (Codi) has announced it has raised around $63 million in total net proceeds following the sale of 3.5 million shares in Fox Factory Holding Corp., a maker of high-performance suspension systems for mountain bikes and off-road vehicles, in a secondary offering that also involves other shareholders. BofA ...
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Mifa has been granted a €3 million subsidy from the...
Mifa has been granted a €3 million subsidy from the state of Saxony-Anhalt in Germany for the construction of a new bicycle factory in Sangerhausen. The company will invest a total of around €20 million in the new facility, whose construction is expected to be completed by the end of ...
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To cope with its strong growth, Erima has bought an...
To cope with its strong growth, Erima has bought an additional 12,000-square-meter parcel of land at Kirchentellinsfurt to accommodate a new logistic center that should be opened toward the middle of 2017. It will be added to the adjoining surface of 12,000 m² where its new headquarters will be built ...
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K- Swiss Global Brands is planning to relocate its global...
K- Swiss Global Brands is planning to relocate its global headquarters from Westlake Village, California to the Pac Mutual Building in downtown Los Angeles by Jan. 1, 2017. The new facility will house global operations for K-Swiss and the sister brands Supra, Palladium and Otz Shoes, as well as operations ...
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Wolverine Worldwide's board of directors has authorized a new stock...
Wolverine Worldwide's board of directors has authorized a new stock repurchase program for up to $300 million, replacing the balance of a program it had approved in 2014. The company will also issue 10-year bonds with a face value of $250 million that will help redeem a series of outstanding ...
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Sports Direct International has raised its stake in Iconix, owner...
Sports Direct International has raised its stake in Iconix, owner of Umbro and other brands, to 13.01%
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Supra has opened a multi-purpose creative space conceptualized by Chad...
Supra has opened a multi-purpose creative space conceptualized by Chad Muska in Los Angeles, called Melrose/Fairfax that includes a pop-up retail shop for its footwear and clothing
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Vans has opened a skate park in the Swedish city...
Vans has opened a skate park in the Swedish city of Malmö
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Sports Direct International said it will commence a buyback program...
Sports Direct International said it will commence a buyback program for up to 29,923,243 shares, representing about 5 percent of its share capital, for an aggregate maximum outlay of £89,769,729 (€106,604,549-$118,030,796). Citigroup Global Markets will undertake the buyback in behalf of SDI until the annual general meeting of Sept. 7, ...
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Following Nike's good results for the financial year ended May...
Following Nike's good results for the financial year ended May 31, Mark Parker, the chief executive, got a $33.5 million award as part of an incentive plan announced last year, which is intended to keep him at the company through 2020, when it is supposed to reach a turnover of ...
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Reporting a drop in Oakley's sales of sunglasses in North...
Reporting a drop in Oakley's sales of sunglasses in North America, due to poor sales in the sporting goods channel, Luxottica says it plans to centralize all of Oakley's marketing functions at its global headquarters in Milan. It will move Oakley's U.S. wholesale operations to its New York office and ...
