All Corporate articles – Page 59
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News briefs
Amer Sports has announced the sale of Mavic, the brand...
Amer Sports has announced the sale of Mavic, the brand of bicycle components inherited from Salomon, to an American equity company, Regent. The price being paid for Mavic, which represented only about 3 percent of the group's sales, was not disclosed. There was no comment by the group about the ...
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Aku has appointed Fabio Furlanetto, previously at Tecnica Group and...
Aku has appointed Fabio Furlanetto, previously at Tecnica Group and Amer Sports, as its new sales manager for Italy
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Storm Care Solutions of the U.K., which produces aftermarket waterproofing...
Storm Care Solutions of the U.K., which produces aftermarket waterproofing and cleaning fluids, has appointed Lauren Kirk to the post of export sales manager. The appointment follows a company-wide rebranding and recent distribution deals for Germany, Austria, the Benelux countries, Chile and the U.S. Kirk's experience includes posts at Terra ...
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Eurazeo has sold its entire remaining stake of 4.8 percent...
Eurazeo has sold its entire remaining stake of 4.8 percent in Moncler, making a major capital gain with a total price of $445 million for the shares. It had invested €950 million to acquire a 45 percent stake in the Italian company in 2011, prior to its public offering. Meanwhile, ...
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Climb Up, the French chain of indoor climbing centers, has...
Climb Up, the French chain of indoor climbing centers, has raised €14 million in a capital development operation. The capital increase has been subscribed by Calcium Capital Partners, an investment firm that invests in unlisted small and medium-sized enterprises (SMEs) to support them in their development. François Petit, the founder ...
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Berg Outdoor informed its distributors and agents at the end...
Berg Outdoor informed its distributors and agents at the end of December 2018 that the brand will cease operations in 2019. Orders already taken for spring/summer 2019 will be delivered as planned, but there will be no collection for autumn/winter 2019. The Sonae Group is currently examining alternative strategies for ...
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Wolverine Worldwide has announced a 25 percent increase in the...
Wolverine Worldwide has announced a 25 percent increase in the quarterly dividend and a new $400 million share repurchase program for the next four years. It has also disclosed some details of a new credit agreement announced on Dec. 6, which involved a new term loan of $200 million and ...
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Marmot Mountain Europe has moved into new headquarters in Frankfurt....
Marmot Mountain Europe has moved into new headquarters in Frankfurt. The U.S. outdoor brand has concluded an internal restructuring that began with its acquisition by Newell Brands in 2016. The parent company has sought to anchor the brand more firmly in its outdoor and recreation division. Jan Schapmann remains Marmot's ...
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A private equity fund, Equinox Partners, has reportedly signed an...
A private equity fund, Equinox Partners, has reportedly signed an agreement in principle to acquire a 40 percent stake in Manifattura Valcismon, the Italian family-owned company that owns three important brands of sports apparel: Castelli for cycling, Karpos for hiking and trekking, and Sportful for cycling and Nordic skiing. The ...
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Edge Technologies Engineering (ETE), the maker of knives, knife sharpeners...
Edge Technologies Engineering (ETE), the maker of knives, knife sharpeners and lights, has acquired Al Mar Knives. Gary Fadden, formerly the company's president, has been made chairman emeritus of Al Mar. He will be attending Shot, the shooting and hunting trade show, and other such events to promote the brand ...
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Laurent Vanat, the authoritative consultant based in Switzerland, has put...
Laurent Vanat, the authoritative consultant based in Switzerland, has put out a call for crowdfunding of the forthcoming 2019 issue of his International Report on Snow & Mountain Tourism, which is due to be released in April. Contributors of any amount over the technical minimum will be listed in the ...
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The NPD Group has signed an agreement with SportsOneSource (SOS)...
The NPD Group has signed an agreement with SportsOneSource (SOS) to acquire assets relating to the company's SSI Data POS Sports and Outdoor tracking business. The transaction is expected to close on April 1. SOS will no longer be in the sports retail data tracking business, but will continue to ...
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Wolverine Worldwide has upgraded its campus, adding a new fitness...
Wolverine Worldwide has upgraded its campus, adding a new fitness facility as well as a day care and dog care services
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News briefs
In order to facilitate its acquisition by Anta Sports Products...
In order to facilitate its acquisition by Anta Sports Products and other investors, Amer Sports amended its statutes at a previously planned extraordinary shareholders meeting on Jan. 23. A clause on a shareholder's obligation to redeem shares was removed. Also, the members of the board of directors will no longer ...
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Edwin Haid and Quirin Kammerer have acquired 100 percent of Pro-X-Elements,...
Edwin Haid and Quirin Kammerer have acquired 100 percent of Pro-X-Elements, the producer of outdoor apparel. The previous owner, Matthias Cramer, sold all of his shares to the new shareholders on Dec. 1, 2018. Haid and Kammerer will manage the company together as managing partners. As former executives at Jeantex, a ...
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Polygiene is planning to open a new subsidiary in Hong...
Polygiene is planning to open a new subsidiary in Hong Kong. The Swedish odor-control specialist said the move is aimed at further strengthening its presence in Asia, which it considers an important market both for now and the future.
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Sandro Parisotto, president of Calzaturificio Scarpa, his sister Cristina and...
Sandro Parisotto, president of Calzaturificio Scarpa, his sister Cristina and a cousin, Davide Parisotto, have taken over the shares of two other members of the Parisotto family in the Italian maker of ski mountaineering and outdoor shoes. The sellers are two cousins of Sandro, Andrea and Piero Parisotto. The terms ...
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Newell Brands has announced the completion of the divestiture of...
Newell Brands has announced the completion of the divestiture of Pure Fishing to Sycamore Partners and of Jostens to Platinum Equity. The total expected net proceeds of $2.5 billion after taxes will be used to pay down debt and buy back shares. The remaining assets include the Coleman Group and ...
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Woolrich has announced that it will be closing its ancient...
Woolrich has announced that it will be closing its ancient wool mill in Woolrich, Pennsylvania. The mill dates back to 1845, and is currently the oldest continuously operated mill in the U.S. The fabric manufacturing operations will cease by Jan. 1, affecting up to 40 jobs. The company said that ...
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Parker Bows, an American archery company based in Stainton, Virginia,...
Parker Bows, an American archery company based in Stainton, Virginia, ceased operations on Dec. 17 after exploring all options to keep on operating
