All Corporate articles – Page 74
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News briefs
The value of Jack Wolfskin's outstanding loans dropped in value...
The value of Jack Wolfskin's outstanding loans dropped in value by between 9 and 13 percent on Europe's secondary markets in the last month because of the company's poor financial performance, compounded by the effect of unseasonably good weather conditions that affected sales during the month of October. Data collected ...
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Kenji Haroutunian, who recently stepped down as a vice president...
Kenji Haroutunian, who recently stepped down as a vice president of Emerald Expositions after 15 years as director for its Outdoor Retailer show, has announced he has established KenjiConsults, a consulting business serving the industry. Haroutunian has been in the outdoor industry for nearly 30 years. In addition to leading ...
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Décathlon has inaugurated a new campus for its three “mountain...
Décathlon has inaugurated a new campus for its three “mountain brands”: Quechua (outdoor), Wed'ze (snow sports) and Simond (climbing). The site regroups nearly 300 people who were previously dispersed over six sites, not including the workers at Simond's factory at Les Ouches. The new campus is located at Passy, near ...
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Amer Sports signed on Dec. 2 an agreement for a...
Amer Sports signed on Dec. 2 an agreement for a €150 million syndicated revolving credit facility for the next five years. Negotiated at favorable terms, it will be used for general corporate purposes including the refinancing of a €200 million syndicated loan obtained in 2011, which has now been terminated ...
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Compass Diversified Holdings (Codi) has launched a secondary offering of...
Compass Diversified Holdings (Codi) has launched a secondary offering of trust shares intended to raise up to $125 million to repay a portion of its credit facility. Codi is the parent company of Camelbak Products, Ergobaby and Liberty Safe. It is also a minority shareholder in Fox Factory, which is ...
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Calida, which currently owns nearly 60 percent of Lafuma Group,...
Calida, which currently owns nearly 60 percent of Lafuma Group, is reportedly considering acquiring full control of the French company, which is still quoted on the French stock exchange, but is in no hurry to do so. It is said to be intent on further improving its profitability and on ...
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Short stops
Deckers Outdoor Corporation is launching a new logo and a...
Deckers Outdoor Corporation is launching a new logo and a new corporate brand name, Deckers Brands, for its marketing and communications efforts. to mark its transformation into an omni-channel organization, but the company will remain formally registered under its present name
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Osprey Packs plans to expand its headquarters in Cortez, Colorado....
Osprey Packs plans to expand its headquarters in Cortez, Colorado. The company also plans to open a new 108,000-square-foot distribution center in Ogden, Utah, close to the railroad network. It should go into operation in 2015, replacing smaller facilities in Cortez.
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Hyperlite Mountain Gear (HMG) has secured new financing to boost...
Hyperlite Mountain Gear (HMG) has secured new financing to boost development and marketing of lightweight outdoor products such as backpacks, shelters and tent stakes. The new financing came from the Maine Venture Fund, which invests in Maine-based firms, the Telluride Venture Fund and other private investors. Run by Mike and ...
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News briefs
Bergans of Norway is expanding its Norwegian subsidiary, which it...
Bergans of Norway is expanding its Norwegian subsidiary, which it set up in Longmont, Colorado, in January 2012, following an annual growth rate of more than 75 percent. It has hired a customer service manager, Ryan Pennock, and it is adding more than 350 square meters of space to the ...
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IC Companys, the Danish apparel group that owns Peak Performance...
IC Companys, the Danish apparel group that owns Peak Performance and other brands, has officially renamed itself IC Group. The company's annual meeting also appointed Henrik Heideby as chairman, replacing Niels Martinsen. Heideby was previously vice chairman. Martinsen will act as vice chairman along with another former director of the ...
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News briefs
A new American company called Liberty Venture Group will take...
A new American company called Liberty Venture Group will take over the e-commerce operations of Liberty Interactive Corporation, including Backcountry.com and Bodybuilding.com, through an exchange of shares. It will be worth about $1.5 billion and will have more than $2.7 billion in cash to invest. Liberty Interactive will rename itself ...
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News briefs
Wolverine Worldwide is again looking at new acquisition opportunities, but...
Wolverine Worldwide is again looking at new acquisition opportunities, but with 16 brands already in its portfolio, it is mainly targeting brands with an annual turnover of between $75 million and $100 million and the potential to reach the $500 million level. Company officials also told analysts at a recent ...
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News briefs
The last seven Ultimo Outdoor stores operating in Norway will...
The last seven Ultimo Outdoor stores operating in Norway will be closing their doors soon. This means that 32 stores belonging to the Norwegian sports retail chain will have been closed and their 110 employees will have lost their jobs since the beginning of 2013. The 32 stores generated a ...
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Petzl America has opened the Petzl Technical Institute in Salt...
Petzl America has opened the Petzl Technical Institute in Salt Lake City, a 15,000-square-foot technical training center featuring customizable and job-specific training facilities that recreate a variety of real-world scenarios. The institute includes a 55-foot tall climbing wall with midway ledge for multi-pitch simulation as well as more than 5,000 ...
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A big American electrical utility company, NRG, has acquired Goal...
A big American electrical utility company, NRG, has acquired Goal Zero, an American company that has become well known in the outdoor sector for its solar-powered charging devices. Robert Workman, who founded Goal Zero five years ago, after realizing that many people have no access to light in developing countries, ...
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News briefs
Horny Toad will unveil its new brand name “Toad&Co” at...
Horny Toad will unveil its new brand name “Toad&Co” at the upcoming Outdoor Retailer Summer Market, which will take place in Salt Lake City, Utah, on Aug- 6-9. The announcement will be followed by a fully integrated omni-channel consumer launch in February 2015. The 18-year-old outdoor lifestyle apparel brand, headquartered ...
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News briefs
Black Diamond Equipment has announced the completion of its sale...
Black Diamond Equipment has announced the completion of its sale of Gregory Mountain Products to Samsonite for $84.1 million. The company has used $26.7 million out of the net proceeds of $68.4 million to pay off its credit facility. It took about six months to complete the negotiations after the ...
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Short stops
Kodiak is relocating its manufacturing operations to a site...
Kodiak is relocating its manufacturing operations to a site in Cambridge, Ontario, and says it remains committed to making shoes in Canada
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News briefs
The Schawbel Corporation, the parent of Thermacell Heated Insoles, has...
The Schawbel Corporation, the parent of Thermacell Heated Insoles, has announced the formation of a new business entity, Schawbel Technologies, following the sale of the Thermacell Mosquito Repellent business to Kinderhook Industries, a private equity firm based in New York. Schawbel Technologies includes the product development and research areas of ...
