All Corporate articles – Page 78
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News briefs
The Nasdaq stock exchange has notified Black Diamond that it...
The Nasdaq stock exchange has notified Black Diamond that it has the time until the next shareholders' meeting, scheduled for June 5, 2015, to appoint one more independent director to its board, or else it will risk losing its listing. The company said on April 30 that it was only ...
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News briefs
Compass Diversified Holdings, the parent company of Camelbak and other...
Compass Diversified Holdings, the parent company of Camelbak and other brands, has arranged new financing to replace its previous revolving credit and term loan. A new five-year revolving credit facility for up to $400 million carries interest based on a margin of between 2.0 and 2.75 percent over the current ...
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Short stops
Now that it has pulled out completely from Sport Eybl...
Now that it has pulled out completely from Sport Eybl & Sports Experts, which has been sold to Sports Direct International as extensively reported in SGI Europe, the Eybl family is now considering launching at wholesale Seven Summits, its private brand of outdoor and ski products, which it still owns
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News briefs
Jack Wolfskin has decided to extend the use of Microsoft...
Jack Wolfskin has decided to extend the use of Microsoft Dynamics AX software from enterprise resource planning (ERP) to retailing, merchandising and customs clearance. The solution replaces a smaller Microsoft system, Navision. Microsoft has already developed a “virtualized warehouse project” for Jack Wolfskin to accelerate shipments and provide continuous availability ...
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News briefs
Thule Group has hired London-based Rothschild to help spin off...
Thule Group has hired London-based Rothschild to help spin off its two-bar business, which is worth $122 million a year, as it continues to refocus on the sports and outdoor sector. The Swedish group closed the sale of its entire trailer business to Accent Equity 2012, a Swedish investment fund, ...
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News briefs
GoPro has filed the paperwork for a $100 million public...
GoPro has filed the paperwork for a $100 million public offering on Nasdaq, providing some interesting figures and indicating that it plans to turn into a social media giant based on the huge video contents generated by more than 8.5 million customers around the world. The leading American supplier of ...
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News briefs
Miguel Ferreira, a Portuguese-born sales agent who has been representing...
Miguel Ferreira, a Portuguese-born sales agent who has been representing several brands on the German market through his company, Lomayon, has launched a small collection of outdoor and travel clothing under his own brand, Vivaesto. The garments are manufactured in Portugal and South Korea.
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News briefs
Quabaug, the American company that makes soles for Vibram, has...
Quabaug, the American company that makes soles for Vibram, has announced a joint investment of $1.2 million with Vibram in product research and development. The goal is to develop new types of soles in response to a new directive from the U.S. Department of Defense that requires all new military ...
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Short stops
Columbia Sportswear has received anti-trust approval from the U.S. Federal...
Columbia Sportswear has received anti-trust approval from the U.S. Federal Trade Commission for its $190 million acquisition of Prana
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News briefs
Confirming a report in OCC, a well-informed source tells us...
Confirming a report in OCC, a well-informed source tells us that Lowe Alpine will get out of the apparel sector again, starting with the spring/summer 2015, to focus again on backpacks and accessories. Equip Outdoor Technologies, the British company that bought the brand from Asolo in October 2012, had restated ...
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News briefs
Marmot Mountain moved its European headquarters to Schwaig, a German...
Marmot Mountain moved its European headquarters to Schwaig, a German town near Nuremberg, on April 1, coinciding with the 40th anniversary of the company. The former office was located in another north Bavarian village. The new head office sits on a 2,400-square-meter site and has a net surface of 1,790 square ...
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News briefs
Thule Group has agreed to sell its entire trailer business,...
Thule Group has agreed to sell its entire trailer business, which is worth $90 million a year, to Accent Equity 2012, an investment fund, with company management as co-investors. As a result of the transaction a new entity, Brenderup Group, is being created, incorporating operations in the Nordic market and ...
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News briefs
IC Companys has signed an agreement to divest...
IC Companys has signed an agreement to divest its Mid Market division, leaving the Danish apparel group with only three brands: Peak Performance, Tiger of Sweden and By Marlene Birger. The group pointed out that these three brands, which were recently put in a new Premium segment of ...
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News briefs
Amer Sports has moved to a new head office of...
Amer Sports has moved to a new head office of 5,300 square meters in the Vallila Paja Quarters of Helsinki. It occupies a meticulously restored red brick building, built in 1919 and originally used for building railroad wagons. The new office, which is vying for environmental certification, is strategically located ...
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News briefs
Recon Instruments, the Vancouver-based technology firm behind the heads-up displays...
Recon Instruments, the Vancouver-based technology firm behind the heads-up displays (HUD) for sports, has announced that Motorola Solutions, through its investment arm Motorola Solutions Venture Capital, has made an investment in the company. The investment will be used by Recon to accelerate product development and to ramp up global marketing ...
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News briefs
VF Corporation has opened a new distribution center in...
VF Corporation has opened a new distribution center in Kunshan, China, that will handle 30 million units of products annually and employ nearly 400 people. The new 85,000-square-meter facility represented an investment of more than $60 million, representing VF's largest infrastructure investment in China to date. In 2013, VF's total ...
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News briefs
Calida Holding of Switzerland has ended up with 59.92 percent...
Calida Holding of Switzerland has ended up with 59.92 percent of the shares in the Lafuma Group, up from 53.07 percent as of last Dec. 31, after a series of refinancing measures that have cut down its debt drastically and boosted equity to $56.88 million. A positive operating cash flow ...
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News briefs
JD Sports has acquired Ultimate Outdoors, a retail with three...
JD Sports has acquired Ultimate Outdoors, a retail with three stores in the north of England and Wales under its own name and another under the Planet Fear banner in Keswick. In addition to JD and other properties in the sports and fashion sectors, the British retailer controlled by Pentland ...
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News briefs
To better define sales and marketing activities, Swix Sports has...
To better define sales and marketing activities, Swix Sports has reorganized its company into two separate internal organizations – Sport and Outdoor. Though retailers and consumers will not be able to tell any difference, all Swix and Toko activities now fall under the Sport organization, while the brands Lundhags and ...
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News briefs
Jos. A Bank Clothiers is not going to go ahead...
Jos. A Bank Clothiers is not going to go ahead with its proposed $825 million acquisition of Eddie Bauer, as the American menswear retail chain has agreed to be acquired instead by a competitor, The Men's Warehouse. As a result, Eddie Bauer's parent company, Everest Holdings, will get a break-up ...
