All Corporate articles – Page 74
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News briefs
Oboz, the U.S. outdoor footwear company, moved to larger headquarters...
Oboz, the U.S. outdoor footwear company, moved to larger headquarters in Bozeman, Montana, at the start of October. As the company continues to expand, it moved from a former cobbler's shop to a renovated building in downtown Bozeman, a former cold storage facility that currently houses a mix of companies ...
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Coghlan's, a Canadian supplier of camping accessories based in Winnipeg,...
Coghlan's, a Canadian supplier of camping accessories based in Winnipeg, has acquired McNett, a supplier of water-repellent sprays, tent sealers, field repair kits and other outdoor gear and accessories based in Billingham, Washington. There will be no change in the management of the company, even at its European offices in ...
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Wolverine Worldwide remains interested in acquisitions, but while there are...
Wolverine Worldwide remains interested in acquisitions, but while there are plenty of actionable assets in the market, the valuations are a bit high, said the management at the recent Goldman Sachs Retail Conference. Wolverine would prefer a good brand with heritage with at least $75 million in revenues - ideally ...
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News briefs
Julbo has become the only sports brand in Europe with...
Julbo has become the only sports brand in Europe with an in-house laboratory to make corrective lenses for its sports glasses. Like other brands of sports eyewear, it was previously outsourcing the process to an outside laboratory. Following an investment completed in April, Julbo's lab has a capacity to make ...
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Short stops
Calida, the Swiss lingerie group, is holding discussions with the...
Calida, the Swiss lingerie group, is holding discussions with the minority shareholders of Lafuma to take over the 35 percent stake it doesn't own in the French company at a reasonable price, says Sportguide.com
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News briefs
Wolverine Worldwide remains interested in acquisitions, but while there are...
Wolverine Worldwide remains interested in acquisitions, but while there are plenty of actionable assets in the market, the valuations are a bit high. Wolverine's management told an analysts' conference organized by Goldman Sachs that it would prefer a good brand with heritage with at least $75 million in revenues - ...
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News briefs
Thule Group has signed an agreement to sell its snow...
Thule Group has signed an agreement to sell its snow chain business to an Austrian-based company, Schneeketten. The divestment will allow Thule to focus more on its core outdoor and bags segment. The company's board of directors has initiated a strategic review of the remaining businesses in its Specialty ...
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News briefs
Suunto, a subsidiary of Amer Sports, has opened a new...
Suunto, a subsidiary of Amer Sports, has opened a new Mobile Competence Center in Tampere, Finland. The facility, which was inaugurated on Aug. 10, is focused on the development of digital services and native applications for both iOS and Android. Suunto said it decided to start the center because of ...
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News briefs
Assos of Switzerland, the well-known maker of bikewear from Lugano,...
Assos of Switzerland, the well-known maker of bikewear from Lugano, has changed ownership. The founding Maier family has sold its shares to a pool of investors led by Phil Duff, the former chief executive of Black Diamond, the U.S. brand of outdoor and snow sports equipment. Duff will reportedly take ...
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News briefs
Calzados Boreal, the Spanish producer of rugged outdoor footwear, is...
Calzados Boreal, the Spanish producer of rugged outdoor footwear, is expanding its head office and manufacturing site near Alicante from 4,500 to 7,500 m², according to sportguide.com. The project will be completed next year, in connection with the company's 40th anniversary. The enlarged premises will include an indoor climbing wall ...
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News briefs
The Portland Business Journal (PBJ) reports that Poler Outdoor Stuff,...
The Portland Business Journal (PBJ) reports that Poler Outdoor Stuff, an apparel startup from Portland, has raised about $4.5 million from an unnamed foreign strategic investor. The funds should be used for international expansion, with the investor's support as a strategic partner. Established in 2011, Poler is meant to address ...
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News briefs
The share capital of IC Group, parent company of Peak...
The share capital of IC Group, parent company of Peak Performance, has been raised by 0.3 percent to 170,562,470 Danish kroner (€22.9m-$26.1m) through the exercise of warrants under two different programs that priced the new shares at DKK 136.00 and DKK 166.80, respectively. IC Group has derived gross proceeds of ...
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News briefs
Thule Group has inaugurated an expanded global testing center in...
Thule Group has inaugurated an expanded global testing center in Hillerstorp, Sweden. The new lab features a doubling of space - from 600 to 1,200 square meters - and additional tools that enable the testing of all products in Thule's expanding product portfolio, thanks to an additional investment of SEK20 ...
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News briefs
We have already reported on the sale of Backcountry.com by...
We have already reported on the sale of Backcountry.com by Liberty Interactive Corp. to an investment firm, TSG Consumer Partners (Compass no. 8-12+13 of July 13). Liberty has now disclosed that it made a gain of $105 million on the transaction, which gave Backcounty.com a valuation of 11 times projected ...
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News briefs
Vista Outdoor told investors that it still has a “robust”...
Vista Outdoor told investors that it still has a “robust” acquisition pipeline. The company has raised its planned offering of senior notes by $50 million to $350 million, maturing in 2023 and bearing annual interest of 5.875 percent. The offering would help finance its acquisition of Jimmy Sykes and Camelbak ...
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News briefs
Jack Wolfskin has reportedly received a cash injection of €75...
Jack Wolfskin has reportedly received a cash injection of €75 million from its new private equity investor, Blackstone, to help repay part of a loan, while negotiating better credit conditions. The information could not be confirmed. The takeover of former franchised shops seems to have weighed on the company's operating ...
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News briefs
Like Aku, Diadora and some other Italian brands, Asolo is...
Like Aku, Diadora and some other Italian brands, Asolo is resuming production in Italy for some of its shoes. It is hiring 20 people for the manufacture of its “alpine” line of climbing and ice climbing shoes, starting with the spring/summer 2016 collection. The company has been making all its ...
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News briefs
Light my Fire, the Swedish company specializing in utensils for...
Light my Fire, the Swedish company specializing in utensils for outdoor meals, has changed its name to Light my Fire of Sweden. This is meant to reinforce the brand's appeal as a Scandinavian brand. Its products are designed in Sweden and most of them are manufactured there, such as the ...
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Short stops
Hi-Tec has completed the relocation of its U.S. office from...
Hi-Tec has completed the relocation of its U.S. office from Portland to a bigger Oregon location in Tigard
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News briefs
Wolverine Worldwide has raised its senior secured credit facility by...
Wolverine Worldwide has raised its senior secured credit facility by $300 million to $950 million, comprising a term loan of $450 million and a $500 million revolving credit. The new credit agreement negotiated with company's lenders also extends the maturity date of the facility. It lowers the cost of servicing ...
