All Corporate articles – Page 63
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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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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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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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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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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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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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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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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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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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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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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 ...
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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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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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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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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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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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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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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 ...
