All Corporate articles – Page 53
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News briefs
While benefiting from the recently announced reduction in the U.S....
While benefiting from the recently announced reduction in the U.S. federal corporate tax from 35 percent to 21 percent from now on, Amer Sports will have to take a $13 million charge in 2017 to write down $40 million in deferred tax assets in the U.S. as part of the ...
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Alpkit, a British outdoor brand and retailer which opened two...
Alpkit, a British outdoor brand and retailer which opened two stores last year, has secured a loan of £200,000 (€227,065-$277,905) from Mercia Fund Managers to support its growth. Alpkit makes its own brand of performance outdoor garments and equipment, along with custom-made titanium bikes under the Sondor brand. Established in ...
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Wayne Edy, the founder of Inov 8, has acquired a...
Wayne Edy, the founder of Inov 8, has acquired a 25 percent stake in Garmont International from Veneto Sviluppo, the regional investment fund that joined Prisma 2 in its takeover in 2014. Edy has been successfully distributing Garmont's military boots in the U.S. for many years through a firm in ...
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The management of Deckers Brands, parent company of Ugg, Teva,...
The management of Deckers Brands, parent company of Ugg, Teva, Sanuk and Hoka One One, won a 10-month fight against one of its investors at the company's annual meeting on Dec. 14, where all its directors were re-elected. The activist investor, Mercator Capital Management, had proposed that some or all ...
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Icebreaker, the New Zealand-based outdoor brand which is soon to...
Icebreaker, the New Zealand-based outdoor brand which is soon to become part of VF Corp., has announced a ten-year deal with New Zealand merino wool growers. The agreement is designed to grant Icebreaker a long-term supply of merino wool, while providing the brand's consumers with a traceable link back to ...
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News briefs
Local investors are trying to put together a bid for...
Local investors are trying to put together a bid for Ibex, a producer of merino wool outdoor garments in Vermont. An auction is scheduled for Jan. 15. Ibex had announced a few days earlier that it had laid off 12 of its employees and that it was going to cease ...
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Short stops
Leki has informed its German clients that it will place...
Leki has informed its German clients that it will place its customer service at their disposal on all the five Saturdays of December and on Saturday Jan. 13 and Jan. 20
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News briefs
Deckers Brands, the parent company of Teva and Hoka One...
Deckers Brands, the parent company of Teva and Hoka One One, announced that it will make room for two new independent directors, replacing two who are retiring from its board. Marcato Capital Management, the activist investor that has been criticizing the company's management, asking to sell all the group's brands ...
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News briefs
Rocky Brands has sold Creative Recreation to a private equity...
Rocky Brands has sold Creative Recreation to a private equity firm, the Global Investment Group, at undisclosed conditions. Rocky had bought this brand of casual shoes in 2013 for $11 million in an effort to diversify beyond the outdoor, work and military boot businesses. It has now decided to concentrate ...
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Ibex, an American producer of woollen outdoor apparel, is planning...
Ibex, an American producer of woollen outdoor apparel, is planning to shut down, according to SNews. It has already laid off more than half of its 40 employees. Its assets have been taken over to place them in liquidation. After its takeover in 2010 by a private equity firm, North ...
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Bruno Sälzer, supervisory board chairman at Amer Sports, has told...
Bruno Sälzer, supervisory board chairman at Amer Sports, has told Handelsblatt that the Finnish group wants to grow through organic expansion as well as acquisitions, for which it has “a few hundred million” euros at its disposal. The company owns 12 brands, and its latest acquisition was Armada, the U.S. ...
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Amer Sports has substituted a €150 million credit facility with...
Amer Sports has substituted a €150 million credit facility with a five-year, €200 million amendment and replacement of its revolving credit line. Amer has also received notification that Allianz Global Investors has a stake of 5.01 percent in the Finnish-based group.
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Amer Sports is repurchasing up to 10,000 of its own...
Amer Sports is repurchasing up to 10,000 of its own shares until next March 7. Meanwhile, Bruno Sälzer, who was elected chairman of the board last March, has been buying shares in the company as well.
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News briefs
Eurazeo has announced the sale of 8,500,000 shares of Moncler...
Eurazeo has announced the sale of 8,500,000 shares of Moncler S.p.A. through its subsidiary ECIP M S.A. at a price of €24.48 per share, for a total amount of around €208 million. As a result of the sale, ECIP M S.A. will hold 5.31 percent of the share capital and ...
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News briefs
The Simond brand of climbing gear owned by Decathlon is...
The Simond brand of climbing gear owned by Decathlon is moving from Les Houches to La Vigie, which has caused some controversy in the Mont-Blanc valley. La Vigie is an artisanal zone at the entrance of Chamonix that is intended for local artisans and the technical services of the regional ...
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Woolrich has announced a new partnership with Goldwin, a Japanese...
Woolrich has announced a new partnership with Goldwin, a Japanese firm specializing in the manufacturing and sale of sporting apparel, which will result in a new Goldwin premium outdoor collection. The first men's line will be on offer in autumn 2018 in North America, Europe and Asia. Goldwin has acquired ...
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News briefs
Salomon is extending its design center in Annecy with the...
Salomon is extending its design center in Annecy with the purchase of a 1,760-square-meter administrative building adjoining its headquarters in the French alpine city, where it stopped its manufacturing activities many years ago. The management said the investment represents a great opportunity for expansion as it prepares its development plans ...
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News briefs
Lorenzo Delladio, chief executive of La Sportiva, has agreed to...
Lorenzo Delladio, chief executive of La Sportiva, has agreed to acquire the 49 percent stake it didn't own in the Italian outdoor footwear company from his brother Marco. The financial coverage of the deal was structured by the company's bank, Mediocredito Trentino-Alto Adige. The takeover will allow the company to ...
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News briefs
An investor group led by Victor Capital Partners has acquired...
An investor group led by Victor Capital Partners has acquired Primaloft from the Prudential Capital Group. Victor Capital teamed up with the Allstate private equity group and the management team of Primaloft for the buyout. Madison Capital, Antares and Intermediate Capital Group provided financing. Primaloft said the acquisition will provide ...
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News briefs
Peter Aschauer is selling a controlling stake in his 30-year-old...
Peter Aschauer is selling a controlling stake in his 30-year-old avalanche airbag company, ABS Peter Aschauer, to Spin Capital. The Munich-based investment company will take over operative responsibility but will continue to work with Aschauer on a partnership basis. Stefan Mohr, chief executive of Spin, which is an abbreviation for ...
