All Corporate articles – Page 68
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News briefs
Canada Goose has opened its fifth factory, the first one...
Canada Goose has opened its fifth factory, the first one in Quebec, as part of its commitment to Canadian manufacturing. The 95,000-square-foot facility, which is located in Boisbriand, has already created more than 125 jobs and is expected to create 325 more by the end of 2018. The company has ...
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Sports Direct International has completed the acquisition of Bob's Stores...
Sports Direct International has completed the acquisition of Bob's Stores and Eastern Mountain Sports (EMS) in the U.S. The British sporting goods retailer is expected to enter U.S. retailing with 51 stores, of which 21 are EMS and 30 are Bob's. Sports Direct paid $101 million in cash for the ...
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American Outdoor Brands, the company previously called Smith & Wesson,...
American Outdoor Brands, the company previously called Smith & Wesson, has decided to set up a new logistics and customer service center, located at a new distribution center in the Columbia area of Boone County, Missouri, as it gets ready to implement a plan to acquire some outdoor brands. The ...
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Black Diamond has filed a so-called shelf registration statement with...
Black Diamond has filed a so-called shelf registration statement with the U.S. Securities & Exchange Commission, announcing its intention to offer shares, warrants or other types of securities worth up to $200,000 in connection with the acquisition of new assets. That would include the sale of up to 7.5 million ...
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Invista is spending more than $65 million to expand the...
Invista is spending more than $65 million to expand the capacity of its Camden nylon factory in the U.S. for the production of high-tenacity nylon fibers used in Cordura fabrics for outdoor and lifestyle clothing, footwear and equipment. The new facilities will use patented and proprietary technology for solution dyeing ...
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News briefs
Compass Diversified Holdings (Codi) has acquired Crosman Corporation, a leading...
Compass Diversified Holdings (Codi) has acquired Crosman Corporation, a leading American producer of airguns, archery products, outdoor optics and related accessories sold under the Crosman, Benjamin and CenterPoint brands. It is paying about $118 million for the business, which had sales of around $118 million in the last 12 months, ...
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Thule Group has entered into an agreement with Curt Group,...
Thule Group has entered into an agreement with Curt Group, a company of Audax Private Equity, for the sale of United Welding Services (UWS), a maker of storage solutions and truck accessories headquartered in Perry, Florida. The transaction is expected to be finalized this month. The move is part of ...
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Wolverine Worldwide is going ahead with its slimming-down program by...
Wolverine Worldwide is going ahead with its slimming-down program by licensing out its Stride-Rite brand of children's shoes. After closing all its Stride-Rite retail stores, it has signed a global, long-term license for the brand with Vida Shoes International, a company that runs a portfolio of more than a dozen ...
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Three founders of Addnature, a predominantly online outdoor retailer controlled...
Three founders of Addnature, a predominantly online outdoor retailer controlled by Internetstores, have acquired a stake in Isbjörn of Sweden, a supplier of outdoor apparel for children. The shareholding was bought by Mathias Hedström, Klas Berggren and Martin Larsson, who have jointly become Isbjörn's third-largest shareholder. Hedström joined Isbjörn as ...
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Polartec is reportedly going to auction off its former textile...
Polartec is reportedly going to auction off its former textile factory in Lawrence, Massachusetts. The sale had been expected for quite some time. According to media reports, the start-up bid has been set at $1.5 million by the company's owner, Versa Capital Management. Polartec has already moved its production of ...
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Emerald Exposition Events, which owns Outdoor Retailer, Surf Expo, Interbike...
Emerald Exposition Events, which owns Outdoor Retailer, Surf Expo, Interbike and many other trade shows in the U.S., closed with a share price of $21.01 on the New York Stock Exchange yesterday, giving it a market capitalization of $1.49 billion. The company and some of its shareholders started offering 15.5 ...
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News briefs
KL Outdoor is merging with GSC Technologies to form a...
KL Outdoor is merging with GSC Technologies to form a single, vertically integrated manufacturing company that is being described as the world's largest supplier of kayaks. The merger of the two North American firms, whose details were not disclosed, is being funded by New Water Capital, an investment company in ...
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A total of 285 employees participated benefitted from the latest...
A total of 285 employees participated benefitted from the latest share incentive program of Amer Sports, receiving a total 1,313,386 treasury shares in the group, representing 1.11 percent of its equity. Amer listed among the participants various senior managers: Robert Barker, Michael Dowse, Sebastian Lund, Bernard Millaud, Jean-Marc Pambet, Kaisa ...
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Samsonite has agreed to acquire eBags, a U.S.-based online retailer...
Samsonite has agreed to acquire eBags, a U.S.-based online retailer for travel bags, for $105 million in cash. The takeover coincides with indications that Samsonite wants to push the growth of its own e-commerce operations globally. Separately, the parent company of Gregory Mountain Products and High Sierra announced that it ...
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News briefs
Bergzeit, the German multichannel outdoor retailer, has acquired Outdoor Broker,...
Bergzeit, the German multichannel outdoor retailer, has acquired Outdoor Broker, an online retailer based in Munich that specializes in selling closeout merchandise. Outdoor Broker works with the so-called “liveshopping” concept, implying that a new auction starts every day at noon and remains available for about 2-7 days. The remaining quantities ...
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Short stops
VF Corp. is integrating its Lucy brand of activewear and...
VF Corp. is integrating its Lucy brand of activewear and its 44 single-brand stores in the U.S. into the operations of The North Face
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In a conference call with financial analysts ahead of the...
In a conference call with financial analysts ahead of the release of its first-quarter financial results later this month, GoPro promised to cut its operating expenses this year by $200 million through various measures including the elimination of 270 jobs, or about 17 percent of its staff. The company, which ...
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Another minority shareholder of Deckers Brands has called for a...
Another minority shareholder of Deckers Brands has called for a sale of the company, charging that it has underperformed in the past three to five years. Mountain Capital Partners, which owns 3.3 percent of the equity, complained in particular about poor capital allocation decisions by Deckers' management, adding that there ...
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Grifone, a Spanish brand of outerwear that is regarded as...
Grifone, a Spanish brand of outerwear that is regarded as a local version of Moncler, is reportedly looking again for new investors. Its sales were last reported at €2.1 million in 2011, down from a peak of €6 million around 2010, and they have probably gone down further lately following ...
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Sports Direct International, the British parent company of the eponymous...
Sports Direct International, the British parent company of the eponymous sports retail chain and other properties including Karrimor, has agreed in principle with creditors that it will purchase Eastern Outfitters, the American company that owns 86 stores operating as Eastern Mountain Sports (EMS) and Bob's Stores, instead of going through ...
