All Corporate articles – Page 64
-
Short stops
Darn Tough Vermont, the U.S. performance outdoor and lifestyle sock...
Darn Tough Vermont, the U.S. performance outdoor and lifestyle sock manufacturer, has completed the multi-million dollar renovation of an existing 100 year-old building, the Nantanna Mill, which will now serve as the brand's new 6,100-square-meter site for all sock finishing processes in its hometown of Northfield, Vermont
-
News briefs
In keeping with a months-old plan to pare down its...
In keeping with a months-old plan to pare down its brand portfolio, Idealp Sport will be shutting down Degré 7, its brand of technical ski apparel, according to sport-guide.com. Quoting Michel Pescio, director of sales and marketing at the French mountain-sports company, sport-guide.com said that Idealp seeks to narrow its ...
-
News briefs
Formosa Taffeta will acquire a 50 percent stake in...
Formosa Taffeta will acquire a 50 percent stake in Schoeller Textil in March of next year, after receiving the approval of its board of directors. The companies have been partners in the Hong Kong-based joint-venture Schoeller FTC for 18 years. According to the Taipei Times, Formosa plans to invest up ...
-
News briefs
Ciesse Piumini's parent company, Sport Fashion Service, has been acquired...
Ciesse Piumini's parent company, Sport Fashion Service, has been acquired by Mittel, an Italian investment bank, which now owns 90 percent of the Italian down clothing specialist. Ciesse, which was the property of Fila for a while, was a direct competitor of Moncler in its early days, but it didn't ...
-
News briefs
Spin Capital, a Munich-based investment company, has expanded its sports...
Spin Capital, a Munich-based investment company, has expanded its sports portfolio with the acquisition of a majority stake in the Freeride Film Festival and the winter camp's organizer, The Freeride Experience. Spin acquired the avalanche backpack specialist ABS Protection two years ago and the eco-sports apparel label Pyua one year ...
-
News briefs
The share capital of Moncler has changed slightly. Venezio Investments,...
The share capital of Moncler has changed slightly. Venezio Investments, the investment vehicle controlled by Tamasek, the state investment fund of Singapore, has sold half of its stake of 22.68 percent in Ruffini Partecipazioni (RH) to Remo Ruffini, the chief executive of Moncler, in exchange for a direct 2.88 percent ...
-
News briefs
Salomon has opened a Performance Center next to its...
Salomon has opened a Performance Center next to its existing Design Center in the French city of Annecy. The 820-square-meter facility is open – by appointment only – to skiers on the World Cup and regional racing circuits. In the words of Véronique Rémy, head of marketing, the move is ...
-
News briefs
Herschel Supply has sold a minority stake to a consortium...
Herschel Supply has sold a minority stake to a consortium of private-equity firms formed by Eurazeo Brands, Alliance Consumer Growth and a Canadian pension fund affiliate. Eurazeo Brands, the division of Eurazeo focused on differentiated consumer brands with global growth potential, is investing $60 million alongside Alliance Consumer Growth, a ...
-
News briefs
The founders of Acai Activewear, a British brand of functional...
The founders of Acai Activewear, a British brand of functional woman's apparel, have attracted a £350,000 (€405,281-$447,460) investment from Dow Schofield Watts Angels. It is the fourth investment made by this network of business angels. Joe and Kasia Bromley launched their brand of skinny trousers in 2016, and it has ...
-
News briefs
Standard & Poor's has downgraded the rating outlook for Wolverine...
Standard & Poor's has downgraded the rating outlook for Wolverine Worldwide from stable to BB+ because its financial leverage has risen to three times due to spending on share buybacks. The leverage may grow beyond three times if the Ebitda margin doesn't improve from its current level of 5 percent ...
-
News briefs
Blackrock, a major asset management firm, has raised its stake...
Blackrock, a major asset management firm, has raised its stake in Moncler from 4.794 percent to 5.016 percent. The company's president, Remo Ruffini, is still the major shareholder with a stake of 26.75 percent. Another major shareholder is Morgan Stanley with about 3 percent of the shares. As of last ...
-
News briefs
Trangoworld has announced that Manuel Lucea, the company's chief executive,...
Trangoworld has announced that Manuel Lucea, the company's chief executive, is retiring. He will be replaced by Diego Hidalgo Nourry, the current director of production.
-
News briefs
Mascot Bidco Oy, the investment consortium led by Anta Sports...
Mascot Bidco Oy, the investment consortium led by Anta Sports Products, reports that it has gained title to all the shares in Amer Sports through the redemption of those that had not been tendered already. The stock was de-listed from the Nasdaq Helsinki exchange on Aug. 23.
-
News briefs
Dennis James “Chip” Wilson's investment in China's Anta Sports Products...
Dennis James “Chip” Wilson's investment in China's Anta Sports Products has paid off handsomely. The billionaire founder of Lululemon had paid $100 million to buy a 0.59 percent stake in the big and fast-growing Chinese company in May 2018. Shares in the Chinese company have risen strongly since then, along ...
-
News briefs
Wolverine Worldwide's board has approved a share repurchase program which...
Wolverine Worldwide's board has approved a share repurchase program which will return $400 million to shareholders over the next four years. The footwear group said it will repurchase shares as appropriate and in compliance with any restrictions contained in the company's credit agreements.
-
Short stops
Kraig Biocraft Laboratories, the developer of spider-silk-based fiber, has completed...
Kraig Biocraft Laboratories, the developer of spider-silk-based fiber, has completed the construction of its new biotech research laboratory suite in Vietnam, within the firm's new spider silk production facility in the Quang Nam province
-
News briefs
Columbia Sportswear has purchased three buildings from Electro Scientific Industries...
Columbia Sportswear has purchased three buildings from Electro Scientific Industries (ESI), a firm specialized in laser applications. All lie within a quarter-mile of Columbia's current headquarters in Washington County, Oregon, and will expand it. The additional 200,000 square feet of space are costing about $33 million. The first building should ...
-
News briefs
Hestra, the Swedish maker of sports gloves, has doubled its...
Hestra, the Swedish maker of sports gloves, has doubled its headquarters in the U.S. by relocating to a new building in Arvada, Colorado. The premises measure 32,000 square feet and host the company's corporate offices, warehouse and U.S. showroom, which can display more than 400 models of gloves. The building ...
-
Short stops
Indorama has announced that it will acquire Huntsman's integrated...
Indorama has announced that it will acquire Huntsman's integrated oxides and derivative businesses for around $2 billion, making it the group's largest acquisition
-
News briefs
If all goes well, Sharma Climbing will be opening a...
If all goes well, Sharma Climbing will be opening a new climbing gym in Madrid late in the autumn. This will be the young company's second gym, after the one in Barcelona. At 4,000 square meters, it will be the largest climbing gym in Spain. Its three floors will accommodate ...
