All Corporate articles – Page 79
-
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 ...
-
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 ...
-
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 ...
-
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 ...
-
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 ...
-
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 ...
-
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 ...
-
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 ...
-
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
-
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 ...
-
News briefs
Yakima, the American supplier of car racks and other cargo...
Yakima, the American supplier of car racks and other cargo systems, is to spend $20.1 million on a new headquarters at Lake Oswego, near Portland, Oregon, to cope with its strong growth. The company has boosted its staff by 21 percent so far this year and doubled its sales management ...
-
News briefs
Several American news outlets are reporting that Confluence Outdoor, the U.S....
Several American news outlets are reporting that Confluence Outdoor, the U.S. watersports equipment company, is preparing to shut down its Bomber Gear apparel brand and end distribution of its Wave Sport whitewater boats in North America. The move was reportedly outlined in a letter by Confluence's chief executive, Sue Rechner, to ...
-
News briefs
The shareholders of Conzzeta approved proposals to conduct a share...
The shareholders of Conzzeta approved proposals to conduct a share split and to spin off its real estate business at an extraordinary meeting on June 22. Each shareholder will receive four shares for each one in his or her possession. The shareholders of the Swiss group, which owns Mammut and ...
-
News briefs
Vista Outdoor is not looking for a specific company size...
Vista Outdoor is not looking for a specific company size in its “aggressive” pursuit of acquisitions in the outdoor space. The company's management told investors at a recent conference that, while a $200 million takeover may require less work than a $50 million deal, Vista may add more value to ...
-
News briefs
Vibram USA, the North American subsidiary of the Italian sole...
Vibram USA, the North American subsidiary of the Italian sole maker, has acquired the soling assets of Quabaug Corporation, its U.S. manufacturing and distribution partner since 1965. Their activities are to be integrated into Quabaug Vibram Innovation (QVI). Vibram said the aim of the acquisition was to maintain its U.S.-based ...
-
News briefs
Balega Socks, a company from North Carolina specializing in performance...
Balega Socks, a company from North Carolina specializing in performance socks, has been acquired by Implus Corporation, a group that owns a slew of brands in the footwear, sports and fitness markets, such as Sof Sole, Yaktrax, Airplus, Sneaker Balls, Icetrekkers and more. The partnership is meant to help Implus ...
-
Short stops
IC Group, the Danish company that owns Peak Performance, has...
IC Group, the Danish company that owns Peak Performance, has signed an agreement for the sale of its head office in Copenhagen and it plans to relocate to a much smaller property in or around the Danish capital during the first half of 2016
-
Short stops
Hydro Flask will start construction this summer on a new...
Hydro Flask will start construction this summer on a new and bigger, 12,000-square-feet head office in Bend, Oregon
-
News briefs
Proged, a Spanish distributor that works with Keen and many...
Proged, a Spanish distributor that works with Keen and many other sports brands, has acquired the rights to Tuckland, an 80-year-old Spanish brand of work and outdoor boots. It's starting with a small collection of hiking and trekking shoes for the autumn/winter 2015/16 season. A state-owned company, Nafinco, had taken ...
-
News briefs
Summit Sports, a predominantly online retailer from Michigan specializing in...
Summit Sports, a predominantly online retailer from Michigan specializing in winter sports, outdoor, water and action sports products, has been purchased by Digital Fuel Capital, a U.S. private equity group focused on online business investments. Established as a store in Michigan, Summit Sports was one of the earliest online specialists, ...
