All Corporate articles – Page 61
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GSM Outdoors has acquired New Archery products, a company founded...
GSM Outdoors has acquired New Archery products, a company founded in 1971, from BRS Outdoor Sports Holdings. Founded in 2000 and based in Grand Prairie, Texas, GSM already owns many other brands including Bullseye, NAP, Stealth Cam, Walker's, Hunting Made Easy, Shooting Made Easier, Cyclops, American Hunter and Western Rivers. ...
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Cherokee Brands, the owner of the Hi-Tec Sports brand, has...
Cherokee Brands, the owner of the Hi-Tec Sports brand, has signed a new three-year financing agreement for $40 million with Gordon Brother Finance. Giving the company a much-needed cash infusion of $5.5 million, Cherokee has also increased the subordinated interest in its former credit facility by $2.0 million to $13.5 ...
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Columbia Sportswear's board of directors has authorized the company...
Columbia Sportswear's board of directors has authorized the company to spend an additional $200 million on the repurchase of its own shares. Since 2014, Columbia has purchased back 3.4 million shares at an average price of $56 per share, equivalent to $190.4 million. Since the beginning of this year, ...
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Schöffel has opened an office in Hanoi, Vietnam, in order...
Schöffel has opened an office in Hanoi, Vietnam, in order to strengthen its relations with production partners in Southeast Asia. Until now, Schöffel's employees were traveling to see them in Vietnam and other countries for a constant exchange of information. The majority of Schöffel's products are made in Vietnam. Through ...
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As a first step in its divestiture plan, Vista Outdoor...
As a first step in its divestiture plan, Vista Outdoor has sold its Bollé, Cébé and Serengeti brands of sunglasses to Antelope Brands Bidco, an entity affiliated with an American private equity fund, A&M Capital Partners, which recently opened a branch in London. The transaction was closed for $158 million, ...
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Moody's has raised the corporate rating of Wolverine Worldwide from...
Moody's has raised the corporate rating of Wolverine Worldwide from Ba2 to Ba1
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Pegasus, a Chinese shoe manufacturer with a factory in Guangzhou,...
Pegasus, a Chinese shoe manufacturer with a factory in Guangzhou, says it is looking for new customers as it will no longer do business as of September with a client that accounted for 87% of its business in the past year
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Boa Technology has opened a new global headquarter in the...
Boa Technology has opened a new global headquarter in the Zeppelin Development Flight building in Denver. The space of 85,000 square feet is more than three times bigger than its previous location, and it doubles the capacity of its R&D operations. Founded in 2001, the specialist in technical shoe lacing ...
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Clarus Corporation, the parent company of Black Diamond, has raised...
Clarus Corporation, the parent company of Black Diamond, has raised $3,337,896 through a Dutch auction to retire about 1.4 percent of its outstanding shares. The company had offered to pay between $7.20 and $8.00 per share for up to $7.5 million worth of its equity, but then accepted only the ...
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Hex, a small and eclectic Californian brand of backpacks and...
Hex, a small and eclectic Californian brand of backpacks and accessories, has been taken over by Exxel Outdoors, SGB Media reports. Exxel is the holding company for various American outdoor brands including Kelty, Sierra Designs, Slumberjack, Wenzel and Ultimate Direction. Hex was established in Los Angeles in 2010 by Dan ...
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Mammut announced at the Outdoor Retailer show in Denver its...
Mammut announced at the Outdoor Retailer show in Denver its acquisition of Mountain Hub, an American internet platform designed to share information about the occurrence of avalanches among hikers, climbers, mountain bikers and skiers. Developed by Brint Markle, an entrepreneur in Park City, Utah who calls it the “Waze of ...
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Moody's has upgraded Wolverine Worldwide's corporate family rating to Ba1...
Moody's has upgraded Wolverine Worldwide's corporate family rating to Ba1 from Ba2 and its senior unsecured notes maturing in 2026 to Ba2 from Ba3, citing the completion of its reorganization initiatives. The rating agency noted that the company significantly improved its financial leverage in the past two years, and that ...
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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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OnTracks, a French company that makes a connected device providing...
OnTracks, a French company that makes a connected device providing intuitive guidance for outdoor activities, without maps or audio assistance, has raised €1 million to pursue its development. Established in Marseille in 2016, OnTracks created a system working with two bracelets that vibrate and emit light signals to point the ...
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Clarus Corporation wants to trigger new synergies in marketing, sales...
Clarus Corporation wants to trigger new synergies in marketing, sales and direct-to-consumer operations in Europe between its main brand, Black Diamond, and Pieps, the Austrian brand of alpine safety equipment acquired in 2012. To this end, all the operational functions of Pieps are being transferred to Black Diamond's European office ...
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The Swix Sport Group is changing its name to Brav,...
The Swix Sport Group is changing its name to Brav, because it has turned into a company with multiple outdoor and winter sports brands. They generate annual sales in the range of one billion Norwegian kroner (€105.0m-$122.6m), about half of them outside of Norway. The Swix Sport Group was formed ...
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Vista Outdoor has sold its brands of eyewear – Cébé,...
Vista Outdoor has sold its brands of eyewear – Cébé, Bollé and Serengeti –to an investment fund for $150 million
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Compass Diversified, the former owner of Camelbak that recently bought...
Compass Diversified, the former owner of Camelbak that recently bought 5.11 Tactical and Crosman, says it is still looking for acquisitions, but mostly outside the outdoor sector unless it finds an exceptional opportunity in the segment
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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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Osprey Packs has taken over the 80 percent stake it...
Osprey Packs has taken over the 80 percent stake it didn't own in Osprey Europe from Robert Wylie, who started the operation in 2003 and will continue to run it. The terms of the acquisition were not disclosed. The move will allow a closer integration of the rather successful European ...
