All Corporate articles – Page 64
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News briefs
Rocky Brands has sold Creative Recreation to a private equity...
Rocky Brands has sold Creative Recreation to a private equity firm, the Global Investment Group, at undisclosed conditions. Rocky had bought this brand of casual shoes in 2013 for $11 million in an effort to diversify beyond the outdoor, work and military boot businesses. It has now decided to concentrate ...
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Ibex, an American producer of woollen outdoor apparel, is planning...
Ibex, an American producer of woollen outdoor apparel, is planning to shut down, according to SNews. It has already laid off more than half of its 40 employees. Its assets have been taken over to place them in liquidation. After its takeover in 2010 by a private equity firm, North ...
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Bruno Sälzer, supervisory board chairman at Amer Sports, has told...
Bruno Sälzer, supervisory board chairman at Amer Sports, has told Handelsblatt that the Finnish group wants to grow through organic expansion as well as acquisitions, for which it has “a few hundred million” euros at its disposal. The company owns 12 brands, and its latest acquisition was Armada, the U.S. ...
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Amer Sports has substituted a €150 million credit facility with...
Amer Sports has substituted a €150 million credit facility with a five-year, €200 million amendment and replacement of its revolving credit line. Amer has also received notification that Allianz Global Investors has a stake of 5.01 percent in the Finnish-based group.
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News briefs
Amer Sports is repurchasing up to 10,000 of its own...
Amer Sports is repurchasing up to 10,000 of its own shares until next March 7. Meanwhile, Bruno Sälzer, who was elected chairman of the board last March, has been buying shares in the company as well.
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News briefs
Eurazeo has announced the sale of 8,500,000 shares of Moncler...
Eurazeo has announced the sale of 8,500,000 shares of Moncler S.p.A. through its subsidiary ECIP M S.A. at a price of €24.48 per share, for a total amount of around €208 million. As a result of the sale, ECIP M S.A. will hold 5.31 percent of the share capital and ...
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News briefs
The Simond brand of climbing gear owned by Decathlon is...
The Simond brand of climbing gear owned by Decathlon is moving from Les Houches to La Vigie, which has caused some controversy in the Mont-Blanc valley. La Vigie is an artisanal zone at the entrance of Chamonix that is intended for local artisans and the technical services of the regional ...
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Woolrich has announced a new partnership with Goldwin, a Japanese...
Woolrich has announced a new partnership with Goldwin, a Japanese firm specializing in the manufacturing and sale of sporting apparel, which will result in a new Goldwin premium outdoor collection. The first men's line will be on offer in autumn 2018 in North America, Europe and Asia. Goldwin has acquired ...
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News briefs
Salomon is extending its design center in Annecy with the...
Salomon is extending its design center in Annecy with the purchase of a 1,760-square-meter administrative building adjoining its headquarters in the French alpine city, where it stopped its manufacturing activities many years ago. The management said the investment represents a great opportunity for expansion as it prepares its development plans ...
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News briefs
Lorenzo Delladio, chief executive of La Sportiva, has agreed to...
Lorenzo Delladio, chief executive of La Sportiva, has agreed to acquire the 49 percent stake it didn't own in the Italian outdoor footwear company from his brother Marco. The financial coverage of the deal was structured by the company's bank, Mediocredito Trentino-Alto Adige. The takeover will allow the company to ...
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News briefs
An investor group led by Victor Capital Partners has acquired...
An investor group led by Victor Capital Partners has acquired Primaloft from the Prudential Capital Group. Victor Capital teamed up with the Allstate private equity group and the management team of Primaloft for the buyout. Madison Capital, Antares and Intermediate Capital Group provided financing. Primaloft said the acquisition will provide ...
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News briefs
Peter Aschauer is selling a controlling stake in his 30-year-old...
Peter Aschauer is selling a controlling stake in his 30-year-old avalanche airbag company, ABS Peter Aschauer, to Spin Capital. The Munich-based investment company will take over operative responsibility but will continue to work with Aschauer on a partnership basis. Stefan Mohr, chief executive of Spin, which is an abbreviation for ...
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News briefs
Lenzing has opened a new fabric and fiber testing center...
Lenzing has opened a new fabric and fiber testing center in Hong Kong. The Austrian cellulosic fiber producer said the Application Innovation Center is intended to bring it closer to its partners along the value chain in Asia, and to bring more quickly its innovations to its customers. The facility ...
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News briefs
Canada Goose told investors at a conference sponsored by Goldman...
Canada Goose told investors at a conference sponsored by Goldman Sachs that it has strong potential to improve its profit margins in various ways. It can raise its prices, it may buy up some of its Canadian subcontractors or open new plants to supplement the production of its own six ...
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News briefs
Walltopia, the big Bulgarian supplier of holds and other equipment...
Walltopia, the big Bulgarian supplier of holds and other equipment for indoor climbing walls, announced a 15 percent price increase on all its products and services as of Sept. 19. It said the reasons for this were that its labor costs more than doubled in the last five years, coupled ...
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News briefs
Roots, the Canadian-based chain of lifestyle apparel stores, is planning...
Roots, the Canadian-based chain of lifestyle apparel stores, is planning to go public on the Toronto Stock Exchange. The public offering comes two years after a private equity firm, Searchlight Capital, acquired a majority stake in the company and appointed a few months later a new chief executive, Jim Gabel, ...
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Short stops
Conzzeta, the Swiss conglomerate that owns Mammut and FoamPartner, among...
Conzzeta, the Swiss conglomerate that owns Mammut and FoamPartner, among other properties has completed the acquisition of Otto Bock Kunststoff, becoming a more important supplier of polyurethane-based foam materials for modern mobility solutions
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News briefs
Clarus, the holding company previously registered as Black Diamond, has...
Clarus, the holding company previously registered as Black Diamond, has finally made an acquisition, paying $79 million for a highly profitable U.S. firm, Sierra Bullets, whose proprietary manufacturing process is said to give it the tightest tolerances in the ammunition market. The purchase price is equal to 6.3 times the ...
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News briefs
Archroma, a global company specializing in color and specialty chemicals,...
Archroma, a global company specializing in color and specialty chemicals, has announced the acquisition of an additional 26 percent stake in M. Dohmen, an international group specializing in the production of textile dyes and chemicals. The two companies will now operate as partners in serving the textile market, making the ...
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News briefs
Amer Sports has revised its growth target through 2020, prioritizing...
Amer Sports has revised its growth target through 2020, prioritizing sustainable profitable growth. Instead of a minimum mid-single-digit growth rate on an organic and currency-neutral basis, which would have taken its turnover up to €3.5 billion by 2020, it is now simply aiming for mid-single-digit growth. The group said the ...
