All Corporate articles – Page 66
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News briefs
W.L. Gore & Associates has opened an 11,000-square-foot R&D center...
W.L. Gore & Associates has opened an 11,000-square-foot R&D center in California's Silicon Valley that will connect it with companies in the aerospace, automotive, digital health, consumer electronics, fabrics, industrial and medical fields. A first project underway consists of funding a local startup, Krenzen, for the development of a digital ...
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News briefs
Garmont International, the Italian performance footwear brand for outdoor activities,...
Garmont International, the Italian performance footwear brand for outdoor activities, has announced the arrival of Luigi Rossi Luciani as a new minority shareholder of the company. Rossi Luciani is the founder and president of Carel, a company specializing in energy-saving control solutions for the air conditioning and refrigeration sector. He ...
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Vibram has announced the opening of a new office in...
Vibram has announced the opening of a new office in Portland, Oregon, to support its clients in this important area of the U.S. for the outdoor industry. It will be run by Joel Enderle, who joins the Italian sole manufacturer after spending more than three decades in product development and ...
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News briefs
Kabooki, the licensee of the Lego brand for outdoor apparel...
Kabooki, the licensee of the Lego brand for outdoor apparel for children, has a new majority shareholder. Christopher Silcowitz, chief executive of Kabooki, recently acquired 19.8 percent of the company's shares from the Lego group. Just a couple of days later, he was offered 70.1 percent of the shares, which ...
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News briefs
Wayne Edy, the founder of Inov 8, has acquired a...
Wayne Edy, the founder of Inov 8, has acquired a 25 percent stake in Garmont International from Veneto Sviluppo, the regional investment fund that joined Prisma 2 in its takeover in 2014. Edy has been successfully distributing Garmont's military boots in the U.S. for many years through a firm in ...
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News briefs
Alpkit, a British outdoor brand and retailer which opened two...
Alpkit, a British outdoor brand and retailer which opened two stores last year, has secured a loan of £200,000 (€227,065-$277,905) from Mercia Fund Managers to support its growth. Alpkit makes its own brand of performance outdoor garments and equipment, along with custom-made titanium bikes under the Sondor brand. Established in ...
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News briefs
While benefiting from the recently announced reduction in the U.S....
While benefiting from the recently announced reduction in the U.S. federal corporate tax from 35 percent to 21 percent from now on, Amer Sports will have to take a $13 million charge in 2017 to write down $40 million in deferred tax assets in the U.S. as part of the ...
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News briefs
The Thule Group has opened a new assembly facility of...
The Thule Group has opened a new assembly facility of 13,500 square meters at Pila, in the western part of Poland, to expand its own production capacities in the Sport & Cargo Carriers category and to handle the manufacture of products that were previously subcontracted in the Active with Kids ...
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News briefs
Hamburger Morgenpost reported that Globetrotter faced protests last month from...
Hamburger Morgenpost reported that Globetrotter faced protests last month from some employees impacted by the projected move of its logistical services near Hamburg to a new distribution center in Ludwigslust, further east in the state of Mecklenburg-Vorpommern. Thirty of the 150 warehouse employees reportedly protested in front of the Globetrotter ...
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News briefs
Local investors are trying to put together a bid for...
Local investors are trying to put together a bid for Ibex, a producer of merino wool outdoor garments in Vermont. An auction is scheduled for Jan. 15. Ibex had announced a few days earlier that it had laid off 12 of its employees and that it was going to cease ...
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News briefs
Icebreaker, the New Zealand-based outdoor brand which is soon to...
Icebreaker, the New Zealand-based outdoor brand which is soon to become part of VF Corp., has announced a ten-year deal with New Zealand merino wool growers. The agreement is designed to grant Icebreaker a long-term supply of merino wool, while providing the brand's consumers with a traceable link back to ...
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News briefs
The management of Deckers Brands, parent company of Ugg, Teva,...
The management of Deckers Brands, parent company of Ugg, Teva, Sanuk and Hoka One One, won a 10-month fight against one of its investors at the company's annual meeting on Dec. 14, where all its directors were re-elected. The activist investor, Mercator Capital Management, had proposed that some or all ...
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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
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
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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News briefs
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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News briefs
Deckers Brands, the parent company of Teva and Hoka One...
Deckers Brands, the parent company of Teva and Hoka One One, announced that it will make room for two new independent directors, replacing two who are retiring from its board. Marcato Capital Management, the activist investor that has been criticizing the company's management, asking to sell all the group's brands ...
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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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Short stops
Leki has informed its German clients that it will place...
Leki has informed its German clients that it will place its customer service at their disposal on all the five Saturdays of December and on Saturday Jan. 13 and Jan. 20
