News Briefs – Page 331
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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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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
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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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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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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News briefs
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
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
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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News briefs
Wigwam Mills has a new chief executive, Thomas Wheeler. He...
Wigwam Mills has a new chief executive, Thomas Wheeler. He takes the position from Robert Chesebro, who remains Chairman. Wheeler is the second outsider to have joined the top management of the American socks manufacturer, which is owned by Chesebro's family. Wheeler will also act as president of Wigwam. He ...
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Osprey Packs has launched a search for a new chief...
Osprey Packs has launched a search for a new chief executive. The role has been held for the past 15 years by Tom Barney, but he will resign as of Oct. 28. No reason has been given for his departure. Mike Pfotenhauer, founder and owner of the company, publicly praised ...
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News briefs
Canada Goose has appointed Lee Turlington to the new position...
Canada Goose has appointed Lee Turlington to the new position of chief product officer and Kevin Spreekmeester to the new position of chief brand officer. Turlington, who worked previously in leading roles for Nike, Patagonia, The North Face and Fila, had been a consultant of Canada Goose over the last ...
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News briefs
David Sharp has handed in his resignation as president and...
David Sharp has handed in his resignation as president and chief executive of Rocky Brands as well as a director of the American company, where he has served in various management roles since 2000. Mike Brooks, chairman, will take over his functions on an interim basis until his successor is ...
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News briefs
Woolrich has restructured its distribution in Germany and Austria. Woolrich...
Woolrich has restructured its distribution in Germany and Austria. Woolrich Europe, which was created at the beginning of the year as a spin-off from its Italian licensee, WP Lavori in Corso, has established a subsidiary in Germany to take care of the distribution in the two countries. In spite of ...
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News briefs
Focusing on specialty outdoor retailers, Millet already has a strong...
Focusing on specialty outdoor retailers, Millet already has a strong presence on the Spanish market. Following its repositioning, Lafuma, the less technical and more lifestyle-oriented brand that belongs to the same group, is re-entering the country through corners in some of the department stores of El Corte Inglés, offering many ...
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News briefs
GSI Outdoors, the supplier of cooking utensils, tableware and related...
GSI Outdoors, the supplier of cooking utensils, tableware and related accessories for the outdoors, has signed a distribution agreement with Nelson Sports for South Korea. GSI Outdoors currently has agreements with 29 distributors covering a total of 41 countries across North and South America, Europe, Asia, Australia and Africa. Nelson ...
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News briefs
Technolyt, a Dutch distribution firm specializing in the outdoor market,...
Technolyt, a Dutch distribution firm specializing in the outdoor market, has added the Biolite brand to its assortment for the Benelux countries, Sport Partner reports. Biolite is a U.S. brand that specializes in stoves, chargers and lighting with a distinctive design. They are intended for outdoor activities but in developing ...
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News briefs
Isbjörn of Sweden has established a new company in Norway,...
Isbjörn of Sweden has established a new company in Norway, which is the company's second largest market. The current agent in Norway, Sport Agile, will continue to be responsible for the distribution of the brand's products until March 1, 2017. The brand is owned by Nordic Kids Wear. It offers ...
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News briefs
Canada Goose is launching e-commerce in Europe, starting with the...
Canada Goose is launching e-commerce in Europe, starting with the U.K. and France. The Toronto-based company first opened its online store for the Canadian market last year. Last month it appointed Scott Cameron, formerly with McKinsey, as executive vice-president in charge of e-commerce, stores and strategy. The brand also has ...
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News briefs
A.S. Adventure is reportedly preparing to open two stores in...
A.S. Adventure is reportedly preparing to open two stores in France next spring, in the Val d'Europe shopping district near Euro Disneyland, and in Nice One, a recently opened shopping mall in the southern French city by the same name. Owned by the A.S. Adventure Group, which further comprises Cotswold ...
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News briefs
The first flagship store of Bergans of Norway recently opened...
The first flagship store of Bergans of Norway recently opened its doors, covering 800 square meters on two floors at a strategically location near Oslo's City Hall. It displays the entire product range of the Norwegian company - both hardware and softgoods. The store is meant to portray Bergans as ...
