All Corporate articles – Page 67
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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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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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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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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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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
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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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
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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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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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
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
On Aug. 14, Black Diamond Inc., the parent company of...
On Aug. 14, Black Diamond Inc., the parent company of Black Diamond Equipment and Pieps, is changing its corporate name back to Clarus Corporation, which it had until 2010. The change is meant to reflect a desire to enlarge again the scope of the holding company through new acquisitions. BD ...
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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 ...
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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
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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TomTom has written down the entire goodwill of €169 million...
TomTom has written down the entire goodwill of €169 million of its Consumer segment as it reviews strategic options for its sports business, including its possible disposal. The segment's turnover fell by 20 percent to €126.3 million in the second quarter of this year.
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News briefs
Aquafil is to merge with Space3, an asset management firm,...
Aquafil is to merge with Space3, an asset management firm, and plans to list on the Italian stock exchange this autumn. Aquafil specializes in the production of synthetic fibers used in the textile, flooring, and clothing industries. The company is also known for its Econyl Regeneration System, an industrial system ...
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Vista Outdoor is laying off 57 employees following a steep...
Vista Outdoor is laying off 57 employees following a steep decline in sales of ammunitions in the U.S.
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News briefs
The Swiss Katadyn Group has announced that it will acquire...
The Swiss Katadyn Group has announced that it will acquire Hydro-Photon, the manufacturer of Steripen, described as the world's leading ultraviolet, handheld water purifier. The takeover is expected to be completed by the end of 2017 and will see the marketing and distribution operations of Steripen move to Katadyn's North ...
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News briefs
Wolverine Worldwide will concentrate more on Merrell, Sperry and other...
Wolverine Worldwide will concentrate more on Merrell, Sperry and other brands following the sale of Sebago to BasicNet, the Italian licensing company that owns also brands such as Briko, Kappa, K-Way and Superga. The transaction was valued at $14.25 million. Wolverine probably felt that Sebago was cannibalizing in some ways ...
