All Corporate articles – Page 71
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News briefs
Gerber, the Oregon-based maker of personal knives and multitools, has...
Gerber, the Oregon-based maker of personal knives and multitools, has announced the expansion of local employment and plant operations to a 24/7 schedule following the addition of a third shift at its Portland plant. Gerber makes products such as the StrongArm Fixed Blade, Impromptu Tactical Pen, 06 and Covert Automatic ...
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Wolverine Worldwide said it has created 250 new jobs at...
Wolverine Worldwide said it has created 250 new jobs at its manufacturing facility in Michigan so far this year as it broke ground on a planned 16,000-square-foot extension. It should be completed in early 2017, allowing the company to add a new warehouse for incoming raw materials. Built in 1964 ...
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News briefs
Bergzeit, the German online and offline outdoor retailer acquired by...
Bergzeit, the German online and offline outdoor retailer acquired by the Oberrauch family in 2012, is setting up a new administrative building and a distribution center with a total floor space of 10,000 square meters, which is scheduled to be opened in September 2017. Reportedly, the company's online sales, which ...
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News briefs
Boa Technology, the company known for its unique closure system,...
Boa Technology, the company known for its unique closure system, has broken ground in the Denver area for the construction of a new 140,000-square-foot office building. Targeting LEED Silver certification, it will have one of the largest private green roofs in the city. The building will house the Boa Fit ...
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News briefs
Sportisimo, the leading Czech sports retailer, wants to turn into...
Sportisimo, the leading Czech sports retailer, wants to turn into a bigger regional player following the sale this summer of half of its shares to Slovak and Czech investors. Sportisimo, which has been operating in Slovakia as well, moved into Poland and Romania last year, and the change in ownership ...
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News briefs
Moncler, one of the stars on the Milan stock exchange,...
Moncler, one of the stars on the Milan stock exchange, lost 2 percent of its value, going down to €15.28 a share, after analysts heard that its major shareholder, Eurazeo, divested 6 percent of the company's equity for €230 million. The investment fund's stake in Moncler has thus declined to ...
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News briefs
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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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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News briefs
VF Corp. has issued Eurobonds worth a total of €850...
VF Corp. has issued Eurobonds worth a total of €850 million. The proceeds from the senior unsecured notes, which carry annual interest of 0.625 percent, will be used for working capital requirements and general corporate purposes. They will provide a natural currency hedge for operations in Europe.
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News briefs
Four Marketing, an international premium fashion agency that holds the...
Four Marketing, an international premium fashion agency that holds the rights to represent over 30 brands through their flagship and online stores, has announced the acquisition of two brands of outerwear, Penfield and Cape Heights, from their chief executive and creative director, James Barshall. Founded in Hudson, Massachusetts in 1975, ...
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News briefs
Big Agnes, the American brand of sleeping bags and other...
Big Agnes, the American brand of sleeping bags and other outdoor equipment, is to start using a distribution center in Rotterdam, in January 2017, to support growing European demand. The company says the plan is to have pre-orders and re-orders shipped from the center to all European retail partners. Big ...
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News briefs
IC Group reported a few days ago that one of...
IC Group reported a few days ago that one of its shareholders, ATP, has reduced its stake in the company to 7.15 percent. The company, which owns Peak Performance, later announced that its share capital has been increased by 0.2 percent because of an exercise of warrants. The exercise price ...
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News briefs
Newell Brands is aiming to sell or even shut down...
Newell Brands is aiming to sell or even shut down businesses totaling sales of $250 to 300 million by the end of this year, said its management, giving some indications that Coleman will not be part of the package. It wants to retain brands and geographies that offer the strongest ...
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News briefs
Calzados Boreal has unveiled plans to double the surface of...
Calzados Boreal has unveiled plans to double the surface of its manufacturing plant at Villena to 7,000 square meters and to quadruple its capacity, but we could not determine the reasons for the expansion. The Spanish producer of outdoor shoes is investing about €3 million on the project, reportedly without ...
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News briefs
Matt, a Spanish brand of gloves, headbands, caps, hats, scarves...
Matt, a Spanish brand of gloves, headbands, caps, hats, scarves and other accessories for winter and outdoor sports, has been acquired by Excens, a Spanish group involved in sports and logistics. Synergies are expected with two of its brands, TRS Motorcyles and Hebolution Parts (or just Hebo), which stand for ...
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News briefs
Canada-based Mission Ready Services has signed a letter of intent...
Canada-based Mission Ready Services has signed a letter of intent to acquire Wild Things, the U.S.-based military and outdoor outerwear maker, for $4.5 million. Wild things, based in Middletown, Rhode Island, was founded in 1981. The company makes its products in the U.S. under two divisions - Wild Things for ...
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News briefs
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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News briefs
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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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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News briefs
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 ...
