All Corporate articles – Page 77
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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
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
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
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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News briefs
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
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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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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News briefs
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
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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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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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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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
LaCrosse Footwear has acquired White's Boots, another American company that...
LaCrosse Footwear has acquired White's Boots, another American company that makes custom-made boots for logging and other commercial applications at its own factory in Spokane, Washington. The new owner will keep the factory and the president of White's, Gary March. LaCrosse, which also owns the U.S.-made Danner brand, was taken ...
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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 ...
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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
On June 30, Bernd Kullmann, the long-time chief of Deuter,...
On June 30, Bernd Kullmann, the long-time chief of Deuter, the German backpack and sleeping bag company, had three reasons to celebrate: his 60th birthday a few weeks earlier, 30 years of service for the brand before retiring on the day that marked the end of Deuter's financial year. Staff ...
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News briefs
Jarden Corporation has set the pricing for a €300 million...
Jarden Corporation has set the pricing for a €300 million bond offering that it is placing with qualified institutional investors and buyers outside the U.S. The notes will pay a semi-annual interest of 3.75 percent and mature on Oct. 1, 2021. They will be guaranteed by some of Jarden's U.S. ...
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News briefs
ISA TanTec, a German-owned tannery supplying top footwear brands globally,...
ISA TanTec, a German-owned tannery supplying top footwear brands globally, is setting up its first leather manufacturing facility in the U.S. The site will be located in Vicksburg, Mississippi and the project will be known as Mississippi TanTec Leather. ISA TanTec currently has operations in Saigon, Vietnam and Heshan City, ...
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News briefs
Carlyle, the private equity fund, has divested its remaining 7.13...
Carlyle, the private equity fund, has divested its remaining 7.13 percent interest in Moncler for €215 million, selling more than 17.8 million shares at a unit price of €12.04, 0.5 percent higher than the closing price of the previous day, but then Moncler's share price has fallen by 23 percent ...
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News briefs
Patagonia has expanded its partnership with 7thonline to cover its...
Patagonia has expanded its partnership with 7thonline to cover its e-commerce and physical retail operations, in addition to wholesale planning and forecasting. The goal is to gain complete visibility into global demand across all retail channels and geographic regions in order to develop better product ranges and greater inventory productivity ...
