All Corporate articles – Page 50
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News briefs
VF Corp. has announced that it has chosen Denver for...
VF Corp. has announced that it has chosen Denver for its new global headquarters. Building renovations are scheduled to start early next year with a completion date in early 2020. The new 285,000-square-foot headquarters will be located in the Lower Downtown, or LoDo, district, Denver's oldest neighborhood and the home ...
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News briefs
L-Gam Advisors, a company based in Luxembourg, has struck an...
L-Gam Advisors, a company based in Luxembourg, has struck an agreement to buy a majority stake in Woolrich International. The sellers are the Rich family, which owned the Woolrich brand, and WP Lavori in Corso, the brand's long-time licensee and distributor based in Italy that became the majority shareholder in ...
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Invicta, the Italian backpack specialist, is reportedly about to be...
Invicta, the Italian backpack specialist, is reportedly about to be sold to Green Arrow Capital, the investment firm chaired by Luisa Todini. According to reports in L'Economia, the economy supplement of Corriere della Sera, Green Arrow is ready to acquire a 55 percent stake in Seven, the holding company that ...
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News briefs
There is still no word about the position of Amer...
There is still no word about the position of Amer Sports' board of directors on the proposed all-cash bid for the group by Anta Sports Products and FountainVest Partners (see our previous issue). Amer reported on Sept. 17 that one of its major shareholders, the AXA insurance group, reduced its ...
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News briefs
The Wall, a six-year-old French firm that runs ten climbing...
The Wall, a six-year-old French firm that runs ten climbing gyms under the Arkose banner, has bought one of its French competitors, Mur Mur. It has obtained €10 million in new equity financing from NextStage to expand elsewhere in Europe.
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News briefs
Compass Diversified (CODI), the former owner of Camelbak, has bought...
Compass Diversified (CODI), the former owner of Camelbak, has bought Ravin, a company that develops high-end cross bows, through one of its subsidiaries, Velocity Outdoors. It is paying $94 million with a possible earnout of as much as $25 million for Ravin, which had sales of $46 million last year. ...
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News briefs
Sports Direct International (SDI) announced just before its shareholders' assembly...
Sports Direct International (SDI) announced just before its shareholders' assembly last week that its chairman, Keith Hellawell, would retire and not stand for re-election. The same applied for Simon Bentley, senior independent director. Three proxy advisers had previously urged SDI shareholders to vote against Hellawell, who has been in place ...
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News briefs
Canada Goose has announced that it will open a new...
Canada Goose has announced that it will open a new factory in Winnipeg, its third manufacturing facility in the capital of the Canadian province of Manitoba and the seventh wholly-owned factory for the company, adding to three in Toronto and one in Boisbriand, Quebec. It will be the brand's largest ...
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News briefs
GSM Outdoors has acquired New Archery products, a company founded...
GSM Outdoors has acquired New Archery products, a company founded in 1971, from BRS Outdoor Sports Holdings. Founded in 2000 and based in Grand Prairie, Texas, GSM already owns many other brands including Bullseye, NAP, Stealth Cam, Walker's, Hunting Made Easy, Shooting Made Easier, Cyclops, American Hunter and Western Rivers. ...
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News briefs
Cherokee Brands, the owner of the Hi-Tec Sports brand, has...
Cherokee Brands, the owner of the Hi-Tec Sports brand, has signed a new three-year financing agreement for $40 million with Gordon Brother Finance. Giving the company a much-needed cash infusion of $5.5 million, Cherokee has also increased the subordinated interest in its former credit facility by $2.0 million to $13.5 ...
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News briefs
Columbia Sportswear's board of directors has authorized the company...
Columbia Sportswear's board of directors has authorized the company to spend an additional $200 million on the repurchase of its own shares. Since 2014, Columbia has purchased back 3.4 million shares at an average price of $56 per share, equivalent to $190.4 million. Since the beginning of this year, ...
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News briefs
Schöffel has opened an office in Hanoi, Vietnam, in order...
Schöffel has opened an office in Hanoi, Vietnam, in order to strengthen its relations with production partners in Southeast Asia. Until now, Schöffel's employees were traveling to see them in Vietnam and other countries for a constant exchange of information. The majority of Schöffel's products are made in Vietnam. Through ...
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News briefs
As a first step in its divestiture plan, Vista Outdoor...
As a first step in its divestiture plan, Vista Outdoor has sold its Bollé, Cébé and Serengeti brands of sunglasses to Antelope Brands Bidco, an entity affiliated with an American private equity fund, A&M Capital Partners, which recently opened a branch in London. The transaction was closed for $158 million, ...
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Short stops
Moody's has raised the corporate rating of Wolverine Worldwide from...
Moody's has raised the corporate rating of Wolverine Worldwide from Ba2 to Ba1
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Short stops
Pegasus, a Chinese shoe manufacturer with a factory in Guangzhou,...
Pegasus, a Chinese shoe manufacturer with a factory in Guangzhou, says it is looking for new customers as it will no longer do business as of September with a client that accounted for 87% of its business in the past year
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News briefs
Boa Technology has opened a new global headquarter in the...
Boa Technology has opened a new global headquarter in the Zeppelin Development Flight building in Denver. The space of 85,000 square feet is more than three times bigger than its previous location, and it doubles the capacity of its R&D operations. Founded in 2001, the specialist in technical shoe lacing ...
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News briefs
Clarus Corporation, the parent company of Black Diamond, has raised...
Clarus Corporation, the parent company of Black Diamond, has raised $3,337,896 through a Dutch auction to retire about 1.4 percent of its outstanding shares. The company had offered to pay between $7.20 and $8.00 per share for up to $7.5 million worth of its equity, but then accepted only the ...
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News briefs
Hex, a small and eclectic Californian brand of backpacks and...
Hex, a small and eclectic Californian brand of backpacks and accessories, has been taken over by Exxel Outdoors, SGB Media reports. Exxel is the holding company for various American outdoor brands including Kelty, Sierra Designs, Slumberjack, Wenzel and Ultimate Direction. Hex was established in Los Angeles in 2010 by Dan ...
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News briefs
Mammut announced at the Outdoor Retailer show in Denver its...
Mammut announced at the Outdoor Retailer show in Denver its acquisition of Mountain Hub, an American internet platform designed to share information about the occurrence of avalanches among hikers, climbers, mountain bikers and skiers. Developed by Brint Markle, an entrepreneur in Park City, Utah who calls it the “Waze of ...
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News briefs
Moody's has upgraded Wolverine Worldwide's corporate family rating to Ba1...
Moody's has upgraded Wolverine Worldwide's corporate family rating to Ba1 from Ba2 and its senior unsecured notes maturing in 2026 to Ba2 from Ba3, citing the completion of its reorganization initiatives. The rating agency noted that the company significantly improved its financial leverage in the past two years, and that ...
