All Corporate articles – Page 60
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Moody's has assigned a Ba3 credit rating and a speculative...
Moody's has assigned a Ba3 credit rating and a speculative grade liquidity rating of SGL-2 to the proposed $480 million senior secured term loan that Callaway Golf is set to use to finance its acquisition of Jack Wolfskin (see our previous issue). It has also assigned a corporate family rating ...
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VF Corporation has announced the signing of a 10-year lease...
VF Corporation has announced the signing of a 10-year lease for the remodeled Axtell Soho building in central London, stating that it will become an important business hub for VF and its brands. Located in a vibrant section of the city, close to some of VF's stores in Regent Street, ...
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Yeti's initial public offering on the stock exchange didn't go...
Yeti's initial public offering on the stock exchange didn't go as well as expected. Its shares were initially priced at $18, below the target range of $19 to $21, and the price declined to $17 and has remained at that level, valuing the company at around $1.5 billion. Also, the ...
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Conzzeta, the Swiss holding company that owns the Mammut Sports...
Conzzeta, the Swiss holding company that owns the Mammut Sports Group, says it is evaluating the divestment of its glass processing segment
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Decathlon entered yet another new country, Cambodia, with a store...
Decathlon entered yet another new country, Cambodia, with a store in Phnom Penh this past August. It plans to move for the first time into Egypt next January and Chile in April with stores in Cairo and Santiago. The Cairo store will be supplied from Morocco and the Santiago unit ...
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Cherokee, the American licensing firm whose brands include the eponymous...
Cherokee, the American licensing firm whose brands include the eponymous Cherokee, Tony Hawk and Hi-Tec, has filed a registration statement to offer unspecified units of stock, warrants, debt securities and preferred stock and to sell some 2.8 million shares valued at $1.7 million. Short of cash, the firm hopes to ...
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Hydrapak has announced its acquisition of Polar Bottle. The financial...
Hydrapak has announced its acquisition of Polar Bottle. The financial terms of the transaction have not been disclosed. Polar Bottle, created in 1994 by Robert Heiberger and Judy Amabile, offered the first reusable water bottle addressing the problem of heat loss during long rides. Polar Bottle will continue to operate ...
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PlumRiver Technologies, the B2B e-commerce software company, has agreed to...
PlumRiver Technologies, the B2B e-commerce software company, has agreed to acquire CenterStone Technologies, a competitor that is well known as the operator of the iVendix B2B platform for wholesale transactions with users in 127 countries. Between them, PlumRiver and CenterStone serve a large number of high-profile clients in the outdoor, ...
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Hestra has opened a new factory in Hai Phong, Vietnam....
Hestra has opened a new factory in Hai Phong, Vietnam. The factory will complement the manufacturing units already operated by the Swedish sports glove manufacturer in Hungary and China. The new Vietnamese factory is meant to respond to a high volume of orders. The company has invested 32 million Swedish ...
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VF Corp. denies speculation that tax reasons may have led...
VF Corp. denies speculation that tax reasons may have led it to relocate some customer service functions from Stabio in Switzerland to Nottingham in the U.K. last year. Citing business optimization reasons, VF points out that it also decided last year to move Timberland's apparel design center from London to ...
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Royal Robbins is reportedly going to close its distribution center...
Royal Robbins is reportedly going to close its distribution center in Modesto, California, following the recent sale of the company to Fenix Outdoor, which has its own warehouse for the U.S. market in Colorado
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Newell Brands is expected to complete the sale of Pure...
Newell Brands is expected to complete the sale of Pure Fishing within a month, said Angling International a few days ago, without mentioning the final candidate to the acquisition. Meanwhile, Newell announced its intention to retire about $1 billion in debt by using the proceeds of its most recent divestitures, ...
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VF Corp. has announced that it has chosen Denver for...
VF Corp. has announced that it has chosen Denver for its new global headquarters. Building renovations are scheduled to start early next year with a completion date in early 2020. The new 285,000-square-foot headquarters will be located in the Lower Downtown, or LoDo, district, Denver's oldest neighborhood and the home ...
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L-Gam Advisors, a company based in Luxembourg, has struck an...
L-Gam Advisors, a company based in Luxembourg, has struck an agreement to buy a majority stake in Woolrich International. The sellers are the Rich family, which owned the Woolrich brand, and WP Lavori in Corso, the brand's long-time licensee and distributor based in Italy that became the majority shareholder in ...
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Invicta, the Italian backpack specialist, is reportedly about to be...
Invicta, the Italian backpack specialist, is reportedly about to be sold to Green Arrow Capital, the investment firm chaired by Luisa Todini. According to reports in L'Economia, the economy supplement of Corriere della Sera, Green Arrow is ready to acquire a 55 percent stake in Seven, the holding company that ...
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There is still no word about the position of Amer...
There is still no word about the position of Amer Sports' board of directors on the proposed all-cash bid for the group by Anta Sports Products and FountainVest Partners (see our previous issue). Amer reported on Sept. 17 that one of its major shareholders, the AXA insurance group, reduced its ...
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The Wall, a six-year-old French firm that runs ten climbing...
The Wall, a six-year-old French firm that runs ten climbing gyms under the Arkose banner, has bought one of its French competitors, Mur Mur. It has obtained €10 million in new equity financing from NextStage to expand elsewhere in Europe.
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Compass Diversified (CODI), the former owner of Camelbak, has bought...
Compass Diversified (CODI), the former owner of Camelbak, has bought Ravin, a company that develops high-end cross bows, through one of its subsidiaries, Velocity Outdoors. It is paying $94 million with a possible earnout of as much as $25 million for Ravin, which had sales of $46 million last year. ...
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Sports Direct International (SDI) announced just before its shareholders' assembly...
Sports Direct International (SDI) announced just before its shareholders' assembly last week that its chairman, Keith Hellawell, would retire and not stand for re-election. The same applied for Simon Bentley, senior independent director. Three proxy advisers had previously urged SDI shareholders to vote against Hellawell, who has been in place ...
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Canada Goose has announced that it will open a new...
Canada Goose has announced that it will open a new factory in Winnipeg, its third manufacturing facility in the capital of the Canadian province of Manitoba and the seventh wholly-owned factory for the company, adding to three in Toronto and one in Boisbriand, Quebec. It will be the brand's largest ...
