All Corporate articles – Page 86
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News briefs
LaCrosse Footwear says its sales to the outdoor market declined...
LaCrosse Footwear says its sales to the outdoor market declined by 20 percent in the fourth quarter of 2011 and by 2 percent for the full year, despite the launch of a new line of hiking boots and higher sales of work boots for agriculture, mining and oil exploration. The ...
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OCC Outdoor, the U.K. trade publication, reports that Gelert, the...
OCC Outdoor, the U.K. trade publication, reports that Gelert, the big brand of camping and outdoor goods, has been sold to Jason Granite, a businessman who recently acquired the retail chain Yeoman's. The former owner is the company's founder, Alastair Langdon, who put the company in place as early as ...
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In the first quarter of its 2011-12 fiscal year, ended...
In the first quarter of its 2011-12 fiscal year, ended last Dec. 31, Lafuma Groupe increased its overall sales by 4.4 percent to €54.7 million, marking the highest quarterly growth in three years. Sales in France dipped by 2.2 percent to €31.4 million, while the international business grew by 14.7 ...
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A top executive of Helly Hansen firmly denied British newspaper...
A top executive of Helly Hansen firmly denied British newspaper reports that it was in final talks for the sale of the company. Since the Norwegian ski, sailing and outdoor brand's performance started improving sharply, Helly Hansen's owner, the Altor private equity fund, has been holding discussions with several interested ...
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Roca Cordes de Muntanya, a Spanish manufacturer of climbing ropes...
Roca Cordes de Muntanya, a Spanish manufacturer of climbing ropes and harnesses, has reportedly filed for bankruptcy. An official of the company declined to confirm the present financial status, indicating that it was only the beginning of a process that may lead to its shutdown. The company's staff a declined ...
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Regatta, along with its affiliated brands - Dare2b, Craghoppers, Regatta...
Regatta, along with its affiliated brands - Dare2b, Craghoppers, Regatta Professional and Hawkshead – is opening its new international distribution center at Ellesmere Port, near Manchester, in time for deliveries of the spring/summer 2012 collections. Its surface of 400,000 square feet is designed to cope with the Regatta Group's continuous ...
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Maier Sports, the German sports apparel firm acquired by the...
Maier Sports, the German sports apparel firm acquired by the Findos Investor equity firm last Aug. 1, is taking over a specialty brand of running wear, Rono Innovations. Rono will reportedly continue to operate independently within the new enlarged group, which also markets Maier Sports snow apparel and outerwear as ...
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Crocs has entered into an amended and restated credit agreement...
Crocs has entered into an amended and restated credit agreement that replaces the existing $30 million asset-backed line of credit set to expire in September 2014 with a five-year, $70 million secured revolving line of credit. Borrowings under the revolving credit facility will bear interest at variable rates, and it ...
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The German market is reportedly becoming the biggest one for...
The German market is reportedly becoming the biggest one for Napapijri, bigger even than Italy, where this outdoor-inspired brand owned by VF Corporation started originally. Company officials have indicated that the brand should experience a sales increase of around 12 percent globally this year, taking its turnover up to more ...
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Hestra, the Swedish glovemaker for outdoor, snow sports and other...
Hestra, the Swedish glovemaker for outdoor, snow sports and other purposes, now has its own factory in Europe. It is located in the town of Rakamaz, Hungary, and currently employs 50 people. The company says that it wants to triple the number of employees. Hestra has long contracted manufacturing to ...
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Compass Diversifed (CODI), which acquired Camelbak last August, has already...
Compass Diversifed (CODI), which acquired Camelbak last August, has already raised some money. It has now filed the documents for a secondary offering of 9,075,000 shares that should raise an additional $300 million. Shareholders cashing out include CCI Magyar Holdings, whose stake in CODI would then be reduced from 16.4 ...
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Amer Sports reports that Varma Mutual Pension Insurance Company has...
Amer Sports reports that Varma Mutual Pension Insurance Company has raised its stake in the company from 4.78 to 5.19 percent. Meanwhile, Amer says it has completed a share buyback program announced last Aug. 15, involving a total of 3 million shares purchased at an average price of €9.18. As ...
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Arc'teryx has opened its first European showroom in Annecy, France....
Arc'teryx has opened its first European showroom in Annecy, France. On 125 square meters, the European sales team will present there not only the collections, but also the brand's solutions for in-store building. It will also host European and regional sales meetings. Company officials say that Annecy was picked not ...
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News briefs
Deuter celebrated the construction of its new headquarters in November....
Deuter celebrated the construction of its new headquarters in November. The company's parent company, Schwan Stabilo, is investing some €15 million in the project, which will comprise 3,300 square meters of office space and 7,000 square meters for the warehouse. The new building will use renewable energy resources is set ...
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Short stops
Lundhags has officially opened a new office in Stockholm to...
Lundhags has officially opened a new office in Stockholm to house product development, marketing, finance and sales in an attempt to be closer to customers and key market players
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News briefs
ABS Peter Aschauer, the specialty company of airbags and avalanche...
ABS Peter Aschauer, the specialty company of airbags and avalanche rescue backpacks, has decided to invest in its own production facility just 120 kilometers away from the equally new offices outside Munich. For the last three years, manufacturing has been sourced out to external partners, but ABS believes that own ...
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News briefs
Equip Outdoor Technologies has completed its acquisition of Lowe Alpine...
Equip Outdoor Technologies has completed its acquisition of Lowe Alpine from Asolo for a reported amount of £20 million (€23.3m-$32.0m). To help finance the acquisition, an investment company, Matrix Private Equity, has taken a minority stake in Equip as well as a seat on its board of directors, chaired by ...
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Trilantic Capital Partners, a private equity firm active in North...
Trilantic Capital Partners, a private equity firm active in North America and Europe that focuses on consumer products among other segments, is buying Implus Corporation in partnership with
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News briefs
Gokaldas Exports, the largest manufacturer of sports apparel in India,...
Gokaldas Exports, the largest manufacturer of sports apparel in India, is reportedly holding talks with Jack Wolfskin and several other companies that want to shift some of their sourcing from China to other Asian countries. Based in Bangalore, Karnataka, Gokaldas is chiefly known in the sports industry as a supplier ...
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News briefs
Compass Diversified Holdings, the new investor behind Camelbak, has secured...
Compass Diversified Holdings, the new investor behind Camelbak, has secured fresh money by striking a deal worth $515 million of new debts to push its existing business and to buy more companies. Most recently, the private equity firm said that it had sold its biggest company in the portfolio, Staffmark ...
