All Corporate articles – Page 69
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News briefs
Wolverine Worldwide completed a debt refinancing program on Sept. 15,...
Wolverine Worldwide completed a debt refinancing program on Sept. 15, allowing the company to save about $30 million worth of interest payments through 2020 and giving it more flexibility in the use of cash. It will also make it easier to repurchase company shares under a recently announced $300 million ...
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Wolverine Worldwide will invest $1 or $2 million to expand...
Wolverine Worldwide will invest $1 or $2 million to expand its manufacturing plant in Grand Rapids, Michigan, adding 16,000 square feet of space and about two dozen new jobs by early next year. It will the first expansion in 70 years for the facility, which makes mainly shoes and boots ...
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Keen Footwear is using robots to make its Uneek shoes...
Keen Footwear is using robots to make its Uneek shoes in half the time required with the conventional manufacturing process. The robots, which were developed by ABB, were presented at its booth at the Outdoor Retailer show in Salt Lake City at the beginning of this month. Retailers have shown ...
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Short stops
Vibram USA has opened a new footwear soling facility in...
Vibram USA has opened a new footwear soling facility in Watertown, South Dakota, in combination with Glacial Lakes Rubber & Plastics
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Garmin has launched a $200 million expansion and transformation of...
Garmin has launched a $200 million expansion and transformation of its headquarters at Olathe, Kansas. It will add 720,000 square feet for manufacturing and distribution, building up to a total of 2.1 million square feet of space. The warehousing space will be enlarged. The local distribution center will be converted ...
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Wolverine Worldwide announced on Aug. 16 that it was going...
Wolverine Worldwide announced on Aug. 16 that it was going to offer $250 million worth of senior notes to fund the redemption of its outstanding senior notes due 2020, which carry annual interest of 6.125 percent. The new notes have been priced with an interest rate of 5.000 percent, due ...
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Hi-Tec Sports has denied a report in OCC Outdoor that...
Hi-Tec Sports has denied a report in OCC Outdoor that a deal was struck for the Dutch-based footwear company's acquisition by Cherokee, a U.S. clothing and licensing group. Hi-Tec belongs to its founder, Frank van Wezel, after he took the company private again in 2000. Hi-Tec's chief executive and Frank ...
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Exploring the full potential of the camping brands owned by...
Exploring the full potential of the camping brands owned by Oase Outdoors is the purpose of the projected sale of 80 percent of the Danish company's shares to Ratos, said its managing director, Henrik Arens. The agreed purchase price is based on an enterprise value of about 380 million Danish ...
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News briefs
Thule Group has taken over the leading Dutch supplier of...
Thule Group has taken over the leading Dutch supplier of child bike seats, GMG, which generated sales of €6.1 million last year, mainly with its Yepp brand. The purchase price is €10 million, free of debt and cash. Thule, which is already a strong player in the segment, says the ...
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JD Sports Fashion discloses that Brian Small, chief financial officer...
JD Sports Fashion discloses that Brian Small, chief financial officer of the group, bought 5,000 shares in the company on July 7 at a price of £10.92. The purchase raises his total holdings in the company to 100,800 shares, representing a stake of 0.05 percent.
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Coalision, the Montreal-based company that owns the Lolë brand of...
Coalision, the Montreal-based company that owns the Lolë brand of athleisure wear and the Paradox brand of outdoor clothing, has reportedly obtained $21 million in new financing to cover general requirements for working capital, product development and marketing. The move will also help protect the company from currency fluctuations. The ...
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Zoomyn, a French start-up that has launched a line of...
Zoomyn, a French start-up that has launched a line of functional trail running apparel, is one of the five companies chosen by Outdoor Sports Valley this year for its incubator program. Fifteen applied. The program involves free legal advice, free coaching by industry experts, an interest-free loan of up to ...
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Cairn, a U.S. subscription box company specializing in outdoor gear,...
Cairn, a U.S. subscription box company specializing in outdoor gear, says it has raised $2 million in seed funding, with support from Scott Allan, general manager of Hydro Flask, and the Cascade Angels Fund. Allan, who has become a member of Cairn's board of directors, praised Cairn for the valuable ...
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Polartec has been taking flak over its plans to shut...
Polartec has been taking flak over its plans to shut down its manufacturing plant in Lawrence, Massachusetts, after it filed paperwork disclosing its intentions to start laying off workers. United Here, the trade union that represents most of the workers, wrote an open letter to Rose Marcario, chief executive at ...
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Implus, the acquisitive U.S. company that owns a raft of...
Implus, the acquisitive U.S. company that owns a raft of sports, outdoor and footwear accessories brands, has snapped up the assets of MCN Solutions in Cape Town, a South African distribution partner for Implus and other sporting goods companies. The move will enable Implus to have its own organization in ...
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News briefs
The Kufner Group, a leading global supplier of interlinings and...
The Kufner Group, a leading global supplier of interlinings and technical textiles, will take over Ploucquet and its production site in Zittau, Germany, from Smart Solutions Holding, formerly Sympatex Holding, with effect from April 20. Sympatex Holding, parent company of Sympatex, changed its name to Smart Solutions Holding in February. ...
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Short stops
Felix Sulzberger, former chief executive of Calida Group, failed to...
Felix Sulzberger, former chief executive of Calida Group, failed to be elected as a member of the board at the annual meeting of the company, which controls Lafuma
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Vista Outdoor has obtained a new credit facility to help...
Vista Outdoor has obtained a new credit facility to help finance its purchase of BRG Sports' Action Sports division, which was announced in February. The new loan will include a $400 million revolving credit facility and adds another $290 million to its $350 million term loan A facility for a ...
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News briefs
VF Corp, the owner of The North Face and Timberland,...
VF Corp, the owner of The North Face and Timberland, among many other brands, said it was exploring “strategic alternatives” for its Licensed Sports Group (LSG) business. This part of the U.S. group includes the Majestic Athletic brand and it supplies apparel and fanware through licensing agreements with U.S. and ...
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Pelican International, the Canadian company specializing in canoes, kayaks and...
Pelican International, the Canadian company specializing in canoes, kayaks and other water sports products, says it will open a second production plant in Salaberry-de-Valleyfield, a southern city in the province of Quebec. Pelican says it has invested tens of millions of Canadian dollars in this project in the medium term, ...
