All Corporate articles – Page 58
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News briefs
Canada-based Mission Ready Services has signed a letter of intent...
Canada-based Mission Ready Services has signed a letter of intent to acquire Wild Things, the U.S.-based military and outdoor outerwear maker, for $4.5 million. Wild things, based in Middletown, Rhode Island, was founded in 1981. The company makes its products in the U.S. under two divisions - Wild Things for ...
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Matt, a Spanish brand of gloves, headbands, caps, hats, scarves...
Matt, a Spanish brand of gloves, headbands, caps, hats, scarves and other accessories for winter and outdoor sports, has been acquired by Excens, a Spanish group involved in sports and logistics. Synergies are expected with two of its brands, TRS Motorcyles and Hebolution Parts (or just Hebo), which stand for ...
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Calzados Boreal has unveiled plans to double the surface of...
Calzados Boreal has unveiled plans to double the surface of its manufacturing plant at Villena to 7,000 square meters and to quadruple its capacity, but we could not determine the reasons for the expansion. The Spanish producer of outdoor shoes is investing about €3 million on the project, reportedly without ...
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News briefs
Newell Brands is aiming to sell or even shut down...
Newell Brands is aiming to sell or even shut down businesses totaling sales of $250 to 300 million by the end of this year, said its management, giving some indications that Coleman will not be part of the package. It wants to retain brands and geographies that offer the strongest ...
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News briefs
IC Group reported a few days ago that one of...
IC Group reported a few days ago that one of its shareholders, ATP, has reduced its stake in the company to 7.15 percent. The company, which owns Peak Performance, later announced that its share capital has been increased by 0.2 percent because of an exercise of warrants. The exercise price ...
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News briefs
Big Agnes, the American brand of sleeping bags and other...
Big Agnes, the American brand of sleeping bags and other outdoor equipment, is to start using a distribution center in Rotterdam, in January 2017, to support growing European demand. The company says the plan is to have pre-orders and re-orders shipped from the center to all European retail partners. Big ...
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News briefs
Four Marketing, an international premium fashion agency that holds the...
Four Marketing, an international premium fashion agency that holds the rights to represent over 30 brands through their flagship and online stores, has announced the acquisition of two brands of outerwear, Penfield and Cape Heights, from their chief executive and creative director, James Barshall. Founded in Hudson, Massachusetts in 1975, ...
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VF Corp. has issued Eurobonds worth a total of €850...
VF Corp. has issued Eurobonds worth a total of €850 million. The proceeds from the senior unsecured notes, which carry annual interest of 0.625 percent, will be used for working capital requirements and general corporate purposes. They will provide a natural currency hedge for operations in Europe.
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News briefs
Wolverine Worldwide completed a debt refinancing program on Sept. 15,...
Wolverine Worldwide completed a debt refinancing program on Sept. 15, allowing the company to save about $30 million worth of interest payments through 2020 and giving it more flexibility in the use of cash. It will also make it easier to repurchase company shares under a recently announced $300 million ...
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Wolverine Worldwide will invest $1 or $2 million to expand...
Wolverine Worldwide will invest $1 or $2 million to expand its manufacturing plant in Grand Rapids, Michigan, adding 16,000 square feet of space and about two dozen new jobs by early next year. It will the first expansion in 70 years for the facility, which makes mainly shoes and boots ...
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News briefs
Keen Footwear is using robots to make its Uneek shoes...
Keen Footwear is using robots to make its Uneek shoes in half the time required with the conventional manufacturing process. The robots, which were developed by ABB, were presented at its booth at the Outdoor Retailer show in Salt Lake City at the beginning of this month. Retailers have shown ...
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Short stops
Vibram USA has opened a new footwear soling facility in...
Vibram USA has opened a new footwear soling facility in Watertown, South Dakota, in combination with Glacial Lakes Rubber & Plastics
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News briefs
Garmin has launched a $200 million expansion and transformation of...
Garmin has launched a $200 million expansion and transformation of its headquarters at Olathe, Kansas. It will add 720,000 square feet for manufacturing and distribution, building up to a total of 2.1 million square feet of space. The warehousing space will be enlarged. The local distribution center will be converted ...
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News briefs
Wolverine Worldwide announced on Aug. 16 that it was going...
Wolverine Worldwide announced on Aug. 16 that it was going to offer $250 million worth of senior notes to fund the redemption of its outstanding senior notes due 2020, which carry annual interest of 6.125 percent. The new notes have been priced with an interest rate of 5.000 percent, due ...
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News briefs
Hi-Tec Sports has denied a report in OCC Outdoor that...
Hi-Tec Sports has denied a report in OCC Outdoor that a deal was struck for the Dutch-based footwear company's acquisition by Cherokee, a U.S. clothing and licensing group. Hi-Tec belongs to its founder, Frank van Wezel, after he took the company private again in 2000. Hi-Tec's chief executive and Frank ...
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News briefs
Exploring the full potential of the camping brands owned by...
Exploring the full potential of the camping brands owned by Oase Outdoors is the purpose of the projected sale of 80 percent of the Danish company's shares to Ratos, said its managing director, Henrik Arens. The agreed purchase price is based on an enterprise value of about 380 million Danish ...
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News briefs
Thule Group has taken over the leading Dutch supplier of...
Thule Group has taken over the leading Dutch supplier of child bike seats, GMG, which generated sales of €6.1 million last year, mainly with its Yepp brand. The purchase price is €10 million, free of debt and cash. Thule, which is already a strong player in the segment, says the ...
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News briefs
JD Sports Fashion discloses that Brian Small, chief financial officer...
JD Sports Fashion discloses that Brian Small, chief financial officer of the group, bought 5,000 shares in the company on July 7 at a price of £10.92. The purchase raises his total holdings in the company to 100,800 shares, representing a stake of 0.05 percent.
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News briefs
Coalision, the Montreal-based company that owns the Lolë brand of...
Coalision, the Montreal-based company that owns the Lolë brand of athleisure wear and the Paradox brand of outdoor clothing, has reportedly obtained $21 million in new financing to cover general requirements for working capital, product development and marketing. The move will also help protect the company from currency fluctuations. The ...
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News briefs
Zoomyn, a French start-up that has launched a line of...
Zoomyn, a French start-up that has launched a line of functional trail running apparel, is one of the five companies chosen by Outdoor Sports Valley this year for its incubator program. Fifteen applied. The program involves free legal advice, free coaching by industry experts, an interest-free loan of up to ...
