All Corporate articles – Page 64
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News briefs
The last seven Ultimo Outdoor stores operating in Norway will...
The last seven Ultimo Outdoor stores operating in Norway will be closing their doors soon. This means that 32 stores belonging to the Norwegian sports retail chain will have been closed and their 110 employees will have lost their jobs since the beginning of 2013. The 32 stores generated a ...
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News briefs
Petzl America has opened the Petzl Technical Institute in Salt...
Petzl America has opened the Petzl Technical Institute in Salt Lake City, a 15,000-square-foot technical training center featuring customizable and job-specific training facilities that recreate a variety of real-world scenarios. The institute includes a 55-foot tall climbing wall with midway ledge for multi-pitch simulation as well as more than 5,000 ...
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News briefs
A big American electrical utility company, NRG, has acquired Goal...
A big American electrical utility company, NRG, has acquired Goal Zero, an American company that has become well known in the outdoor sector for its solar-powered charging devices. Robert Workman, who founded Goal Zero five years ago, after realizing that many people have no access to light in developing countries, ...
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News briefs
Horny Toad will unveil its new brand name “Toad&Co” at...
Horny Toad will unveil its new brand name “Toad&Co” at the upcoming Outdoor Retailer Summer Market, which will take place in Salt Lake City, Utah, on Aug- 6-9. The announcement will be followed by a fully integrated omni-channel consumer launch in February 2015. The 18-year-old outdoor lifestyle apparel brand, headquartered ...
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News briefs
Black Diamond Equipment has announced the completion of its sale...
Black Diamond Equipment has announced the completion of its sale of Gregory Mountain Products to Samsonite for $84.1 million. The company has used $26.7 million out of the net proceeds of $68.4 million to pay off its credit facility. It took about six months to complete the negotiations after the ...
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Short stops
Kodiak is relocating its manufacturing operations to a site...
Kodiak is relocating its manufacturing operations to a site in Cambridge, Ontario, and says it remains committed to making shoes in Canada
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News briefs
The Schawbel Corporation, the parent of Thermacell Heated Insoles, has...
The Schawbel Corporation, the parent of Thermacell Heated Insoles, has announced the formation of a new business entity, Schawbel Technologies, following the sale of the Thermacell Mosquito Repellent business to Kinderhook Industries, a private equity firm based in New York. Schawbel Technologies includes the product development and research areas of ...
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News briefs
LaCrosse Footwear has acquired White's Boots, another American company that...
LaCrosse Footwear has acquired White's Boots, another American company that makes custom-made boots for logging and other commercial applications at its own factory in Spokane, Washington. The new owner will keep the factory and the president of White's, Gary March. LaCrosse, which also owns the U.S.-made Danner brand, was taken ...
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News briefs
ISA TanTec, a German-owned tannery supplying top footwear brands globally,...
ISA TanTec, a German-owned tannery supplying top footwear brands globally, is setting up its first leather manufacturing facility in the U.S. The site will be located in Vicksburg, Mississippi and the project will be known as Mississippi TanTec Leather. ISA TanTec currently has operations in Saigon, Vietnam and Heshan City, ...
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News briefs
Jarden Corporation has set the pricing for a €300 million...
Jarden Corporation has set the pricing for a €300 million bond offering that it is placing with qualified institutional investors and buyers outside the U.S. The notes will pay a semi-annual interest of 3.75 percent and mature on Oct. 1, 2021. They will be guaranteed by some of Jarden's U.S. ...
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News briefs
On June 30, Bernd Kullmann, the long-time chief of Deuter,...
On June 30, Bernd Kullmann, the long-time chief of Deuter, the German backpack and sleeping bag company, had three reasons to celebrate: his 60th birthday a few weeks earlier, 30 years of service for the brand before retiring on the day that marked the end of Deuter's financial year. Staff ...
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News briefs
Thule Group has hired London-based Rothschild to help spin off...
Thule Group has hired London-based Rothschild to help spin off its two-bar business, which is worth $122 million a year, as it continues to refocus on the sports and outdoor sector. The Swedish group closed the sale of its entire trailer business to Accent Equity 2012, a Swedish investment fund, ...
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News briefs
Jack Wolfskin has decided to extend the use of Microsoft...
Jack Wolfskin has decided to extend the use of Microsoft Dynamics AX software from enterprise resource planning (ERP) to retailing, merchandising and customs clearance. The solution replaces a smaller Microsoft system, Navision. Microsoft has already developed a “virtualized warehouse project” for Jack Wolfskin to accelerate shipments and provide continuous availability ...
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Short stops
Now that it has pulled out completely from Sport Eybl...
Now that it has pulled out completely from Sport Eybl & Sports Experts, which has been sold to Sports Direct International as extensively reported in SGI Europe, the Eybl family is now considering launching at wholesale Seven Summits, its private brand of outdoor and ski products, which it still owns
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News briefs
Compass Diversified Holdings, the parent company of Camelbak and other...
Compass Diversified Holdings, the parent company of Camelbak and other brands, has arranged new financing to replace its previous revolving credit and term loan. A new five-year revolving credit facility for up to $400 million carries interest based on a margin of between 2.0 and 2.75 percent over the current ...
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News briefs
The Nasdaq stock exchange has notified Black Diamond that it...
The Nasdaq stock exchange has notified Black Diamond that it has the time until the next shareholders' meeting, scheduled for June 5, 2015, to appoint one more independent director to its board, or else it will risk losing its listing. The company said on April 30 that it was only ...
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News briefs
Patagonia has expanded its partnership with 7thonline to cover its...
Patagonia has expanded its partnership with 7thonline to cover its e-commerce and physical retail operations, in addition to wholesale planning and forecasting. The goal is to gain complete visibility into global demand across all retail channels and geographic regions in order to develop better product ranges and greater inventory productivity ...
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News briefs
Carlyle, the private equity fund, has divested its remaining 7.13...
Carlyle, the private equity fund, has divested its remaining 7.13 percent interest in Moncler for €215 million, selling more than 17.8 million shares at a unit price of €12.04, 0.5 percent higher than the closing price of the previous day, but then Moncler's share price has fallen by 23 percent ...
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News briefs
Marmot Mountain moved its European headquarters to Schwaig, a German...
Marmot Mountain moved its European headquarters to Schwaig, a German town near Nuremberg, on April 1, coinciding with the 40th anniversary of the company. The former office was located in another north Bavarian village. The new head office sits on a 2,400-square-meter site and has a net surface of 1,790 square ...
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News briefs
Confirming a report in OCC, a well-informed source tells us...
Confirming a report in OCC, a well-informed source tells us that Lowe Alpine will get out of the apparel sector again, starting with the spring/summer 2015, to focus again on backpacks and accessories. Equip Outdoor Technologies, the British company that bought the brand from Asolo in October 2012, had restated ...
