Cherokee Acquires Hi-Tec Sports for $95.8 Million

Cherokee Acquires Hi-Tec Sports for $95.8 Million

Cherokee, a marketer of fashion and lifestyle brands, has agreed to acquire Dutch footwear company Hi-Tec Sports International Holdings for approximately $95.8 million on a cash-free, debt-free basis. Cherokee has also agreed to sell certain assets related to Hi-Tec’s wholesale operations, the proceeds of which will be used to fund a portion of the Hi-Tec Acquisition. The company said it expects the purchase price for the Hi-Tec intellectual property assets […]

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Revolution Lighting Technologies Gets Order for 73,000 LEDs at Hibbett Sports Stores in United States

Revolution Lighting Technologies Gets Order for 73,000 LEDs at Hibbett Sports Stores in United States

Revolution Lighting Technologies, a seller of advanced LED lighting products, said Monday it got an installation project with Hibbett Sports. Value of the deal undisclosed. The contract includes installing 73,000 LED tubes in 300 Hibbett Sports stores across the United States, the company said in a statement. With up to 45% of total energy costs dedicated to lighting, the installation of LED lighting solutions, which are 60% more efficient than […]

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Performance Sports Group Looking for Deal by Feb-End

Performance Sports Group Looking for Deal by Feb-End

Performance Sports Group is looking for a deal by the end of February for its business, according to a report Monday from the Wall Street Journal. This comes as Fairfax Financial Holdings Ltd. and Sagard Capital Partners have agreed to make a joint bid of more than $575 million, an offer that sets a floor price for a bankruptcy auction of the company, the news report said. Meanwhile, the former […]

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Performance Sports Group Ltd Draws Interest From Fairfax Financial And Unit of Power Corp of Canada

Performance Sports Group Ltd Draws Interest From Fairfax Financial And Unit of Power Corp of Canada

Performance Sports Group Ltd (PSG) is drawing interest from Fairfax Financial Holdings Ltd. and a unit of Power Corp. of Canada, including a restructuring, refinancing, buying the company’s debt or other “strategic alternatives,” according to Bloomberg. Sagard, Performance Sports’ largest shareholder, said it and Fairfax have signed a confidentiality pact and will continue talks with the company’s management and other co-investors, the story said. Brookfield Asset Management Inc. (BAM), Performance […]

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PVH Appoints Quiksilver’s John Graham as President of Speedo; Shares Rise

PVH Appoints Quiksilver’s John Graham as President of Speedo; Shares Rise

PVH’s (PVH) division Speedo USA said Wednesday longtime sports apparel industry executive John Graham has been named president of the division, effective immediately. Shares climbed 1.5% intraday. Graham previously was Speedo USA’s senior vice president of sales, according to a statement. Prior to joining Speedo USA, Graham spent two years as the senior vice president of sales for surf and snowboarding apparel brand Quiksilver. Shares of PVH trade near the […]

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Performance Sports Group Holds Discussions in Relation to Seeking Strategic Alternatives; Shares Halted

Performance Sports Group Holds Discussions in Relation to Seeking Strategic Alternatives; Shares Halted

Performance Sports Group Ltd (PSG) said in a statement Tuesday the company and its independent financial advisor, Centerview Partners, have held discussions with certain interested parties and stakeholders, but no agreement has been reached in relation to strategic alternatives. “Until such time as it is appropriate to make a public announcement on any potential transaction, the company will not comment further on this matter,” it said in a statement. Shares […]

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