All Corporate articles – Page 63
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News briefs
Vista Outdoor, the sporting goods spin-off from Alliant Techsystems that...
Vista Outdoor, the sporting goods spin-off from Alliant Techsystems that owns Bushnell, Bollé and a raft of other brands, mostly in the firearms segment, is evaluating several merger and acquisition opportunities to diversify its product portfolio in areas such as camping, cycling, fishing, golf, snow sports, trail sports and water ...
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News briefs
Garmin has announced it is acquiring iKubu, a privately-owned designer...
Garmin has announced it is acquiring iKubu, a privately-owned designer of computer vision and radar systems for the cycling market based in South Africa. The financial terms of the acquisition have not been released. iKubu is working on the development of a backpack unit that tells cyclists the speed and ...
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News briefs
The Swiss-based Katadyn Group has acquired the assets of Spectra...
The Swiss-based Katadyn Group has acquired the assets of Spectra Watermakers, a company in California that makes desalination systems, based on its proprietary recovery pumps, that are used on the water and on the land. Bill Edinger, who founded the business in 1976, chose to sell it to Katadyn because ...
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News briefs
Canada Goose has acquired the assets of Grand Harbour Clothing,...
Canada Goose has acquired the assets of Grand Harbour Clothing, one of its largest outerwear factories. Based in Scarborough, Ontario, Grand Harbour Clothing has long been a key contract manufacturer for Canada Goose, producing a significant portion of the brand's outerwear. With the acquisition of the 45,000 square-foot facility, Canada ...
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News briefs
A French TV production company, Groupe AB, is launching a...
A French TV production company, Groupe AB, is launching a new cable and satellite TV channel in France. Called Trek, it will go live on Feb. 2 and will feature a diversified program 24 hours a day, covering one theme each day of the week: extreme sports, hiking, snow sports, ...
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News briefs
Amer Sports has completed the repurchase of 819,171 of its...
Amer Sports has completed the repurchase of 819,171 of its own shares at an average price per share of €15.49, a process that began on Aug. 15. As a result, the company now holds a total of 1,417,429 treasury shares representing about 1.20% of the total number of outstanding shares ...
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News briefs
YKK, the world's largest manufacturer of zippers, is reportedly planning...
YKK, the world's largest manufacturer of zippers, is reportedly planning to invest $88 million in its Vietnamese factory to raise its annual production by 30 percent to 10 billion units by the end of 2016 and to double it by 2017. The additional capacity will become available by November 2015 ...
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News briefs
The value of Jack Wolfskin's outstanding loans dropped in value...
The value of Jack Wolfskin's outstanding loans dropped in value by between 9 and 13 percent on Europe's secondary markets in the last month because of the company's poor financial performance, compounded by the effect of unseasonably good weather conditions that affected sales during the month of October. Data collected ...
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News briefs
Kenji Haroutunian, who recently stepped down as a vice president...
Kenji Haroutunian, who recently stepped down as a vice president of Emerald Expositions after 15 years as director for its Outdoor Retailer show, has announced he has established KenjiConsults, a consulting business serving the industry. Haroutunian has been in the outdoor industry for nearly 30 years. In addition to leading ...
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News briefs
Décathlon has inaugurated a new campus for its three “mountain...
Décathlon has inaugurated a new campus for its three “mountain brands”: Quechua (outdoor), Wed'ze (snow sports) and Simond (climbing). The site regroups nearly 300 people who were previously dispersed over six sites, not including the workers at Simond's factory at Les Ouches. The new campus is located at Passy, near ...
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News briefs
Amer Sports signed on Dec. 2 an agreement for a...
Amer Sports signed on Dec. 2 an agreement for a €150 million syndicated revolving credit facility for the next five years. Negotiated at favorable terms, it will be used for general corporate purposes including the refinancing of a €200 million syndicated loan obtained in 2011, which has now been terminated ...
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News briefs
Compass Diversified Holdings (Codi) has launched a secondary offering of...
Compass Diversified Holdings (Codi) has launched a secondary offering of trust shares intended to raise up to $125 million to repay a portion of its credit facility. Codi is the parent company of Camelbak Products, Ergobaby and Liberty Safe. It is also a minority shareholder in Fox Factory, which is ...
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News briefs
Calida, which currently owns nearly 60 percent of Lafuma Group,...
Calida, which currently owns nearly 60 percent of Lafuma Group, is reportedly considering acquiring full control of the French company, which is still quoted on the French stock exchange, but is in no hurry to do so. It is said to be intent on further improving its profitability and on ...
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Short stops
Deckers Outdoor Corporation is launching a new logo and a...
Deckers Outdoor Corporation is launching a new logo and a new corporate brand name, Deckers Brands, for its marketing and communications efforts. to mark its transformation into an omni-channel organization, but the company will remain formally registered under its present name
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News briefs
Osprey Packs plans to expand its headquarters in Cortez, Colorado....
Osprey Packs plans to expand its headquarters in Cortez, Colorado. The company also plans to open a new 108,000-square-foot distribution center in Ogden, Utah, close to the railroad network. It should go into operation in 2015, replacing smaller facilities in Cortez.
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News briefs
Hyperlite Mountain Gear (HMG) has secured new financing to boost...
Hyperlite Mountain Gear (HMG) has secured new financing to boost development and marketing of lightweight outdoor products such as backpacks, shelters and tent stakes. The new financing came from the Maine Venture Fund, which invests in Maine-based firms, the Telluride Venture Fund and other private investors. Run by Mike and ...
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News briefs
Bergans of Norway is expanding its Norwegian subsidiary, which it...
Bergans of Norway is expanding its Norwegian subsidiary, which it set up in Longmont, Colorado, in January 2012, following an annual growth rate of more than 75 percent. It has hired a customer service manager, Ryan Pennock, and it is adding more than 350 square meters of space to the ...
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News briefs
IC Companys, the Danish apparel group that owns Peak Performance...
IC Companys, the Danish apparel group that owns Peak Performance and other brands, has officially renamed itself IC Group. The company's annual meeting also appointed Henrik Heideby as chairman, replacing Niels Martinsen. Heideby was previously vice chairman. Martinsen will act as vice chairman along with another former director of the ...
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News briefs
A new American company called Liberty Venture Group will take...
A new American company called Liberty Venture Group will take over the e-commerce operations of Liberty Interactive Corporation, including Backcountry.com and Bodybuilding.com, through an exchange of shares. It will be worth about $1.5 billion and will have more than $2.7 billion in cash to invest. Liberty Interactive will rename itself ...
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News briefs
Wolverine Worldwide is again looking at new acquisition opportunities, but...
Wolverine Worldwide is again looking at new acquisition opportunities, but with 16 brands already in its portfolio, it is mainly targeting brands with an annual turnover of between $75 million and $100 million and the potential to reach the $500 million level. Company officials also told analysts at a recent ...
