All Corporate articles – Page 61
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News briefs
The Portland Business Journal (PBJ) reports that Poler Outdoor Stuff,...
The Portland Business Journal (PBJ) reports that Poler Outdoor Stuff, an apparel startup from Portland, has raised about $4.5 million from an unnamed foreign strategic investor. The funds should be used for international expansion, with the investor's support as a strategic partner. Established in 2011, Poler is meant to address ...
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Calzados Boreal, the Spanish producer of rugged outdoor footwear, is...
Calzados Boreal, the Spanish producer of rugged outdoor footwear, is expanding its head office and manufacturing site near Alicante from 4,500 to 7,500 m², according to sportguide.com. The project will be completed next year, in connection with the company's 40th anniversary. The enlarged premises will include an indoor climbing wall ...
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News briefs
Assos of Switzerland, the well-known maker of bikewear from Lugano,...
Assos of Switzerland, the well-known maker of bikewear from Lugano, has changed ownership. The founding Maier family has sold its shares to a pool of investors led by Phil Duff, the former chief executive of Black Diamond, the U.S. brand of outdoor and snow sports equipment. Duff will reportedly take ...
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Suunto, a subsidiary of Amer Sports, has opened a new...
Suunto, a subsidiary of Amer Sports, has opened a new Mobile Competence Center in Tampere, Finland. The facility, which was inaugurated on Aug. 10, is focused on the development of digital services and native applications for both iOS and Android. Suunto said it decided to start the center because of ...
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News briefs
Thule Group has signed an agreement to sell its snow...
Thule Group has signed an agreement to sell its snow chain business to an Austrian-based company, Schneeketten. The divestment will allow Thule to focus more on its core outdoor and bags segment. The company's board of directors has initiated a strategic review of the remaining businesses in its Specialty ...
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News briefs
Wolverine Worldwide remains interested in acquisitions, but while there are...
Wolverine Worldwide remains interested in acquisitions, but while there are plenty of actionable assets in the market, the valuations are a bit high. Wolverine's management told an analysts' conference organized by Goldman Sachs that it would prefer a good brand with heritage with at least $75 million in revenues - ...
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News briefs
Vista Outdoor told investors that it still has a “robust”...
Vista Outdoor told investors that it still has a “robust” acquisition pipeline. The company has raised its planned offering of senior notes by $50 million to $350 million, maturing in 2023 and bearing annual interest of 5.875 percent. The offering would help finance its acquisition of Jimmy Sykes and Camelbak ...
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News briefs
We have already reported on the sale of Backcountry.com by...
We have already reported on the sale of Backcountry.com by Liberty Interactive Corp. to an investment firm, TSG Consumer Partners (Compass no. 8-12+13 of July 13). Liberty has now disclosed that it made a gain of $105 million on the transaction, which gave Backcounty.com a valuation of 11 times projected ...
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News briefs
Wolverine Worldwide has raised its senior secured credit facility by...
Wolverine Worldwide has raised its senior secured credit facility by $300 million to $950 million, comprising a term loan of $450 million and a $500 million revolving credit. The new credit agreement negotiated with company's lenders also extends the maturity date of the facility. It lowers the cost of servicing ...
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Short stops
Hi-Tec has completed the relocation of its U.S. office from...
Hi-Tec has completed the relocation of its U.S. office from Portland to a bigger Oregon location in Tigard
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News briefs
Light my Fire, the Swedish company specializing in utensils for...
Light my Fire, the Swedish company specializing in utensils for outdoor meals, has changed its name to Light my Fire of Sweden. This is meant to reinforce the brand's appeal as a Scandinavian brand. Its products are designed in Sweden and most of them are manufactured there, such as the ...
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News briefs
Like Aku, Diadora and some other Italian brands, Asolo is...
Like Aku, Diadora and some other Italian brands, Asolo is resuming production in Italy for some of its shoes. It is hiring 20 people for the manufacture of its “alpine” line of climbing and ice climbing shoes, starting with the spring/summer 2016 collection. The company has been making all its ...
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News briefs
Jack Wolfskin has reportedly received a cash injection of €75...
Jack Wolfskin has reportedly received a cash injection of €75 million from its new private equity investor, Blackstone, to help repay part of a loan, while negotiating better credit conditions. The information could not be confirmed. The takeover of former franchised shops seems to have weighed on the company's operating ...
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Vista Outdoor is not looking for a specific company size...
Vista Outdoor is not looking for a specific company size in its “aggressive” pursuit of acquisitions in the outdoor space. The company's management told investors at a recent conference that, while a $200 million takeover may require less work than a $50 million deal, Vista may add more value to ...
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News briefs
The shareholders of Conzzeta approved proposals to conduct a share...
The shareholders of Conzzeta approved proposals to conduct a share split and to spin off its real estate business at an extraordinary meeting on June 22. Each shareholder will receive four shares for each one in his or her possession. The shareholders of the Swiss group, which owns Mammut and ...
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News briefs
Yakima, the American supplier of car racks and other cargo...
Yakima, the American supplier of car racks and other cargo systems, is to spend $20.1 million on a new headquarters at Lake Oswego, near Portland, Oregon, to cope with its strong growth. The company has boosted its staff by 21 percent so far this year and doubled its sales management ...
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News briefs
Several American news outlets are reporting that Confluence Outdoor, the U.S....
Several American news outlets are reporting that Confluence Outdoor, the U.S. watersports equipment company, is preparing to shut down its Bomber Gear apparel brand and end distribution of its Wave Sport whitewater boats in North America. The move was reportedly outlined in a letter by Confluence's chief executive, Sue Rechner, to ...
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Summit Sports, a predominantly online retailer from Michigan specializing in...
Summit Sports, a predominantly online retailer from Michigan specializing in winter sports, outdoor, water and action sports products, has been purchased by Digital Fuel Capital, a U.S. private equity group focused on online business investments. Established as a store in Michigan, Summit Sports was one of the earliest online specialists, ...
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News briefs
Proged, a Spanish distributor that works with Keen and many...
Proged, a Spanish distributor that works with Keen and many other sports brands, has acquired the rights to Tuckland, an 80-year-old Spanish brand of work and outdoor boots. It's starting with a small collection of hiking and trekking shoes for the autumn/winter 2015/16 season. A state-owned company, Nafinco, had taken ...
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Short stops
Hydro Flask will start construction this summer on a new...
Hydro Flask will start construction this summer on a new and bigger, 12,000-square-feet head office in Bend, Oregon
