Helsinki-based Amer Sports is investigating restructuring its board after a London-based investment bank that acquired 20% of the company in late January began pushing for representation on the board. Novator Finland Oy notified Amer Sports March 3 that i
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American Alpine Club Partners with Backbone Media
The American Alpine Club (AAC) and Backbone Media have entered a public relations partnership in which Backbone will assist the AAC in its public relations efforts…
Puma Sees Strong Q4 Sales Currency-Neutral, But Weak Showing in Americas
Puma reported a currency-neutral fourth quarter sales jump of 10.3% to €504.5 million ($730.8 mm), but saw those gains affected by the weakened U.S. dollar. Footwear rose by 7.0% to €277.2 million ($401.5 mm), Apparel by 14.8% to €194.7 million ($282.0 mm
American Rec Parent to Go Private…
Kellwood Company will go private as early as this week after shareholders of the company overwhelmingly accepted an offer from private equity firm Sun Capital Securities Group, LLC. Sun Capital said 70.8% of the shareholders of Kellwood Co. tendered thei
Amer Sports Sees Winter Drag Overall Results…
Amer Sports ended a tough year with a tough fourth quarter as the dismal winter season last year left retailers overstocked on inventory and unprepared to make any re-orders this year. That weakness compounded soft results in the Wilson business, leading
American Sporting Goods Names Purvy General Manager
American Sporting Goods (ASG) named Rob Purvy general manager. He will oversee business and product development amongst the And 1, NSS, Triple Five Soul and Avia Retro brands…
Amer Sees Winter Sports Weakness Drag Q4, 2007 Results
Amer Sports reported a 14.5% decrease in fourth quarter sales to €497.1 million ($720.0 mm) from €581.6 million ($750.0 mm) for the year-ago period. For the full year, net sales decreased 7.8% to €1.65 billion ($2.26 bn) from €1.79 billion ($2.25 bn) last
Amer Sees Winter Sports Weakness Drag Q4, 2007 Results
Amer Sports reported a 14.5% decrease in fourth quarter sales to €497.1 million ($720.0 mm) from €581.6 million ($750.0 mm) for the year-ago period. For the full year, net sales decreased 7.8% to €1.65 billion ($2.26 bn) from €1.79 billion ($2.25 bn) last
Ajanta, Novator hike joint Amer stake to 25.2%
Ajanta Oy and Novator have raised their joint stake in Amer Sports Corp to 25.17 pct, Amer said. The companies aim to 'accelerate the growth and transformation' of Amer…
Sun Capital Launches Hostile Bid for American Rec Parent…
Sun Capital Securities Group LLC took its $21-per-share cash bid directly to Kellwood Co. shareholders, after being rejected twice by the St. Louis-based apparel maker. Kellwood’s outdoor brands include Sierra Designs, Kelty, Slumberjack, and Royal Robins
Pro Keds Lands Distribution Deal with Market America
Pro Keds has reached a new distribution deal with Market America Inc., an Internet marketing and product brokerage company. Damon Dash, CEO of PRO-Keds America, said, “Partnering with Market America is a revolutionary way to teach the audience about our p
Central American Dri-release Licensee named
Optimer Performance Fibers has licensed its first Central American manufacturer to make Dri-release with FreshGuard moisture management fabrics. Textufil of San Salvador, El Salvador will initially offer polyester/cotton finished fabrics with their Siro D
Amer Changes Segment Reporting
Amer Sports is changing its segment reporting to three product categories from four branded segments. The redefined business segments are: Winter and Outdoor; Ball Sports; and Fitness. The former segment reporting consisted of Salomon, Wilson, Precor, Ato
Endeavor Gains Shareholder Approval for American Apparel Acquisition
Endeavor Acquisition Corp. announced that its stockholders have approved the merger with American Apparel and its affiliated companies. The vote to approve the merger took place at Endeavor's special meeting of stockholders. The closing of the transa
Amer Sports to Shutter Wilson Golf Ball Plant…
Amer Sports is restructuring its Wilson Golf business, closing the doors on its Tennessee golf ball manufacturing facility, as well as inking a new distribution deal for Japan. In the United States, Wilson will be closing its golf ball production in Humbo
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