All Corporate articles – Page 54
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News briefs
Lenzing has opened a new fabric and fiber testing center...
Lenzing has opened a new fabric and fiber testing center in Hong Kong. The Austrian cellulosic fiber producer said the Application Innovation Center is intended to bring it closer to its partners along the value chain in Asia, and to bring more quickly its innovations to its customers. The facility ...
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Canada Goose told investors at a conference sponsored by Goldman...
Canada Goose told investors at a conference sponsored by Goldman Sachs that it has strong potential to improve its profit margins in various ways. It can raise its prices, it may buy up some of its Canadian subcontractors or open new plants to supplement the production of its own six ...
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Walltopia, the big Bulgarian supplier of holds and other equipment...
Walltopia, the big Bulgarian supplier of holds and other equipment for indoor climbing walls, announced a 15 percent price increase on all its products and services as of Sept. 19. It said the reasons for this were that its labor costs more than doubled in the last five years, coupled ...
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Roots, the Canadian-based chain of lifestyle apparel stores, is planning...
Roots, the Canadian-based chain of lifestyle apparel stores, is planning to go public on the Toronto Stock Exchange. The public offering comes two years after a private equity firm, Searchlight Capital, acquired a majority stake in the company and appointed a few months later a new chief executive, Jim Gabel, ...
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Short stops
Conzzeta, the Swiss conglomerate that owns Mammut and FoamPartner, among...
Conzzeta, the Swiss conglomerate that owns Mammut and FoamPartner, among other properties has completed the acquisition of Otto Bock Kunststoff, becoming a more important supplier of polyurethane-based foam materials for modern mobility solutions
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News briefs
Clarus, the holding company previously registered as Black Diamond, has...
Clarus, the holding company previously registered as Black Diamond, has finally made an acquisition, paying $79 million for a highly profitable U.S. firm, Sierra Bullets, whose proprietary manufacturing process is said to give it the tightest tolerances in the ammunition market. The purchase price is equal to 6.3 times the ...
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Archroma, a global company specializing in color and specialty chemicals,...
Archroma, a global company specializing in color and specialty chemicals, has announced the acquisition of an additional 26 percent stake in M. Dohmen, an international group specializing in the production of textile dyes and chemicals. The two companies will now operate as partners in serving the textile market, making the ...
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Amer Sports has revised its growth target through 2020, prioritizing...
Amer Sports has revised its growth target through 2020, prioritizing sustainable profitable growth. Instead of a minimum mid-single-digit growth rate on an organic and currency-neutral basis, which would have taken its turnover up to €3.5 billion by 2020, it is now simply aiming for mid-single-digit growth. The group said the ...
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News briefs
On Aug. 14, Black Diamond Inc., the parent company of...
On Aug. 14, Black Diamond Inc., the parent company of Black Diamond Equipment and Pieps, is changing its corporate name back to Clarus Corporation, which it had until 2010. The change is meant to reflect a desire to enlarge again the scope of the holding company through new acquisitions. BD ...
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Wolverine Worldwide will concentrate more on Merrell, Sperry and other...
Wolverine Worldwide will concentrate more on Merrell, Sperry and other brands following the sale of Sebago to BasicNet, the Italian licensing company that owns also brands such as Briko, Kappa, K-Way and Superga. The transaction was valued at $14.25 million. Wolverine probably felt that Sebago was cannibalizing in some ways ...
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The Swiss Katadyn Group has announced that it will acquire...
The Swiss Katadyn Group has announced that it will acquire Hydro-Photon, the manufacturer of Steripen, described as the world's leading ultraviolet, handheld water purifier. The takeover is expected to be completed by the end of 2017 and will see the marketing and distribution operations of Steripen move to Katadyn's North ...
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Vista Outdoor is laying off 57 employees following a steep...
Vista Outdoor is laying off 57 employees following a steep decline in sales of ammunitions in the U.S.
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News briefs
Aquafil is to merge with Space3, an asset management firm,...
Aquafil is to merge with Space3, an asset management firm, and plans to list on the Italian stock exchange this autumn. Aquafil specializes in the production of synthetic fibers used in the textile, flooring, and clothing industries. The company is also known for its Econyl Regeneration System, an industrial system ...
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TomTom has written down the entire goodwill of €169 million...
TomTom has written down the entire goodwill of €169 million of its Consumer segment as it reviews strategic options for its sports business, including its possible disposal. The segment's turnover fell by 20 percent to €126.3 million in the second quarter of this year.
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News briefs
Canada Goose has opened its fifth factory, the first one...
Canada Goose has opened its fifth factory, the first one in Quebec, as part of its commitment to Canadian manufacturing. The 95,000-square-foot facility, which is located in Boisbriand, has already created more than 125 jobs and is expected to create 325 more by the end of 2018. The company has ...
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News briefs
Black Diamond has filed a so-called shelf registration statement with...
Black Diamond has filed a so-called shelf registration statement with the U.S. Securities & Exchange Commission, announcing its intention to offer shares, warrants or other types of securities worth up to $200,000 in connection with the acquisition of new assets. That would include the sale of up to 7.5 million ...
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American Outdoor Brands, the company previously called Smith & Wesson,...
American Outdoor Brands, the company previously called Smith & Wesson, has decided to set up a new logistics and customer service center, located at a new distribution center in the Columbia area of Boone County, Missouri, as it gets ready to implement a plan to acquire some outdoor brands. The ...
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Sports Direct International has completed the acquisition of Bob's Stores...
Sports Direct International has completed the acquisition of Bob's Stores and Eastern Mountain Sports (EMS) in the U.S. The British sporting goods retailer is expected to enter U.S. retailing with 51 stores, of which 21 are EMS and 30 are Bob's. Sports Direct paid $101 million in cash for the ...
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News briefs
Wolverine Worldwide is going ahead with its slimming-down program by...
Wolverine Worldwide is going ahead with its slimming-down program by licensing out its Stride-Rite brand of children's shoes. After closing all its Stride-Rite retail stores, it has signed a global, long-term license for the brand with Vida Shoes International, a company that runs a portfolio of more than a dozen ...
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Thule Group has entered into an agreement with Curt Group,...
Thule Group has entered into an agreement with Curt Group, a company of Audax Private Equity, for the sale of United Welding Services (UWS), a maker of storage solutions and truck accessories headquartered in Perry, Florida. The transaction is expected to be finalized this month. The move is part of ...
