All Corporate articles – Page 42
-
News briefs
Woolrich Europe acquires Ranft-Soller’s shares in Woolrich Germany
As part of the repositioning of the Woolrich brand, Ranft-Soller Holding is transferring its shares of Woolrich Germany to Woolrich Europe. Ranft-Soller Holding, founded in 2000, is made up of the Munich-based sales agency Komet und Helden, the Gents Multibrand Store in Munich and Woolrich Germany. Komet und Helden had ...
-
News briefsBritish outdoor brand Alpkit raises €1.6 million on crowdfunding platform
In an investment campaign launched on the CrowdCube investment platform on June 29, British outdoor and bike brand Alpkit was able to raise £1.5m (€1.6m-$1.9m) and surpass its crowdfunding target in less than eight minutes. With the campaign, Alpkit, whose range includes gear to run, hike, climb, camp, swim and ...
-
News briefs
JD re-acquires Go Outdoors and commits to stores, staff and liabilities
Only shortly after confirming speculations that “strategic options“ for its Go Outdoors subsidiary have been considered, and one day after appointing Deloitte to administer the struggling outdoor chain, JD Sports Fashion (“JD”) has announced that Go Outdoors “has a future in the Group.” JD consequently re-acquired the business and substantially ...
-
News briefs
JD subsidiary Go Outdoors is struggling
JD Sports Fashion has confirmed speculation that a number of strategic options for its Go Outdoors subsidiary have been considered and that the directors of Go Outdoors have filed the Notice in Court. This announcement leads to an immediate moratorium around the company and its property, which will last ten ...
-
News briefs
Substantial shareholder urges GoPro to consider a sale
According to SGB Online, Korr Acquisitions Group Inc., a New York-based investment advisor and significant shareholder of GoPro Inc., has sent an open letter to Nicholas D. Woodman, chairman, chief executive officer and founder of GoPro, and Kenneth Goldman, the company’s senior independent director, requesting that the company considers a ...
-
News briefs
Globetrotter moves into SportScheck store in Berlin
Globetrotter, the German outdoor retail chain that is part of the Fenix Outdoor group, will move into SportScheck’s 10-year-old store in Berlin-Steglitz, which is scheduled to closed on July 20. Decathlon has a store that is located opposite to the new Globetrotter store, on the premises of a former SportScheck ...
-
News briefs
Salomon opens second Paris store
Salomon opened its second store in Paris on May 27. The new 220 sqm store is located at 12 boulevard de la Madeleine, on one of Paris’ “grands boulevards.” Besides the brand’s products, the store offers 3D foot scanning and boot fitting services. The first Paris store, opened two years ...
-
News briefs
Yeti shareholders cash out at a low price
Major former shareholders of Yeti Holdings have continued to unload many of their shares, but they apparently did it at a slight loss in a secondary offering, underwritten by Goldman Sachs, that was scheduled to expire on or around June 1. On May 28, they offered 6,067,125 shares at a ...
-
News briefsFerrino promotes a scientific-photographic exhibition in Turin to mark its 150th birthday
Ferrino’s 150th anniversary is being celebrated by a special exhibition at the Museo Nazionale della Montagna (National Mountain Museum) in Turin. The exhibition is entitled “On the Trail of the Glaciers,” which is the name of an international project that combines science and photography around the effects of climate change ...
-
News briefs
Karstadt Sports headquarters move in with SportScheck
(SGI) Galeria Karstadt Kaufhof, the new holding company formed in 2018 from the merger of the Galeria Kaufhof and Karstadt department stores, has decided that the management of its sporting goods business will move from Karstadt’s head office in Essen to the headquarter of SportScheck in Unterhaching near Munich. The ...
-
News briefs
Temporary layoffs stop at XXL in Norway and Finland
A recovery in the demand for sporting goods products in Norway and Finland has led XXL to cancel all the temporary layoffs that it had announced on March 23 due to a considerable sales decline caused by the Covid-19 situation. Sales normalized in April and have picked up recently especially ...
-
News briefs
Russian outdoor company eyes re-shoring
Versta, a producer of outdoor garments based in Novgorod, announced plans to build two factories in Russia, one to produce woven fabrics and another to produce nonwoven fabrics. The company has been importing those items from China, but supply disruptions caused by the Covid-19 pandemic pushed the company to embark ...
-
News briefs
Canada Goose to cut staff
CBC.ca reports that Canada Goose is laying off 125 of its employees, which is about two percent of its total 5,000 employees. The Canadian parka specialist described the decision as difficult, but said the measure was necessary to offset the impact of the Covid-19 pandemic on its business. According to ...
-
ArticleYeti offers more shares after a good Q1
Yeti has announced a secondary offering of 15 million shares by the Seiders family and some of its shareholders. It’s the third time that insiders have sold large batches of shares since the American maker of camping coolers and drinkware went public in 2018. The latest offering came after Yeti’s ...
-
ArticleStore closures end Black Diamond’s strong growth
Store closures due to the pandemic pushed Clarus Corp.’s sales for the first quarter down by 12 percent to $53.6 million. The parent company of Black Diamond, Pieps and Sierra Bullets saw its net income tumble to $36,000, compared with $3.8 million for the three months ended on March 31, ...
-
News briefsA boom in e-commerce for Kathmandu
Kathmandu, the new owner of Oboz and Rip Curl, said its sales over the internet jumped by between 250 and 300 percent in April because of the coronavirus lockdowns, with the domestic Australian market growing the most. Only two of its 327 stores are now closed, and the company says ...
-
News briefsClarus cancels case maker takeover, replaces dividend with shares
Clarus Corp., the American holding company of Black Diamond Equipment and other operations, said it has cancelled its planned acquisition of an American case maker, SKB, by mutual agreement with the sellers as a result of the uncertainties created by the coronavirus pandemic. Clarus would have had to pay $85 ...
-
News briefsWolverine issues notes
Like other U.S. companies in our sector and others, Wolverine Worldwide is resorting to a bond offering to help raise more cash as security against the impact of Covid-19. The company announced on May 6 that it is offering $300 million worth of senior notes with a yield of more ...
-
News briefsProducer of Indigo and Bogner skis files for bankruptcy
Schwabe & Baer Entwicklungsgesellschaft, which manufactures high-quality skis and ski equipment under the brand name Indigo, among others, filed for insolvency at the Munich district court on April 14. Under the supervision of the restructuring expert Rolf Pohlmann, the provisional insolvency administrator, operations will continue and the company will be ...
-
News briefsWolverine reorganizes leadership structure
By May 30 at the latest, Todd Spaletto will be stepping down as president of Wolverine Worldwide’s Michigan Brands group, which consists of the Merrell, Chaco, CAT Footwear, Hush Puppies and Sebago brands. Rather than replace him in the post, Wolverine is promoting three executives and dividing responsibility for its ...
