Make us your homepage



  Top100  


  Classifieds  


  News  


  Help  


  Contacts  

Search: 

 



News

News category


Nike selling Bauer Hockey for $200M US

21.02.2008 17:00 Shopping - Source: cbc.ca

Sporting goods giant Nike Inc. is skating away from hockey, announcing Thursday the sale of Bauer Hockey to a group led by Canadian businessman W. Graeme Roustan and U.S. investment firm Kohlberg & Co. for $200 million US in cash.

Nike said it is selling Bauer following a review of its subsidiaries, which also include Converse Inc., Cole Haan and Hurley International. The company has already sold the Starter brand and added U.K. soccer apparel company Umbro.

"Selling this great hockey company was a tough decision but one that was in the best interests of Nike and Bauer as we each look to maximize our respective growth opportunities," said Nike president and CEO Mark Parker.

Founded in 1927, Bauer makes skates, hockey sticks, gear and apparel. Nike bought the company in 1995.

Under the deal, Bauer will continue to use the Nike Bauer Hockey trademark on its existing products for up to two years.

A native of Sherbrooke, Que., Roustan is a dual Canada-U.S. citizen with business investments in North America, Europe and the Middle East.

  Add comment

Name: 
E-Mail: 
Comment: 
Enter code: 



« May 2008
MonTueWedThuFriSatSun
   1234
567891011
12131415161718
19202122232425
262728293031 

Last added news

Target to replace Greenfield store 17.05.2008 05:01 Target Stores Inc. plans to demolish its Greenfield discount store and replace it with a similarly sized store, according to a city official.

GM workers ratify local contract to end that strike 16.05.2008 20:03 LANSING — A striking United Auto Workers local at a key General Motors Corp. factory ratified a new contract with the company and will resume production on Monday.

US cancels oil shipments into strategic reserve 16.05.2008 17:01 WASHINGTON, D.C. — The Energy Department says it has canceled oil shipments into the Strategic Petroleum Reserve beginning in July when the current purchase contract expires.

Canadians' drug spending on the rise, CIHI says 16.05.2008 17:01 Spending on prescription and non-prescription drugs in Canada reached $26.9 billion last year, an increase of 7.2 per cent over 2006, according to data released Thursday.

N.B. legislation introduced to ban expiry dates on gift cards 16.05.2008 17:00 The New Brunswick government is planning to ban expiry dates on retail gift cards.

Carbon monoxide and fire alarms recalled 16.05.2008 13:05 Consumers are being warned to replace certain Firex brand carbon monoxide alarms and combined smoke/carbon monoxide alarms because of the potential for the units to shut down.

Halifax police arrest 3 people in debit machine tampering 16.05.2008 13:04 Halifax Regional Police arrested three people Monday in connection with a debit machine tampering scam at metro businesses.

Gas prices speed motor scooter sales 16.05.2008 11:01 When he opened his Vespa of Toledo motor scooter dealership a year ago, Mike Kookoothe sold 35 of the two-wheeled vehicles during the summer and considered that a roaring success.

DeVeaux Village developer owes 4 firms $329,000 16.05.2008 11:01 The local developer of the newly rehabilitated DeVeaux Village Shopping Center at 2600 West Sylvania Ave. in Toledo owes four contractors $329,000 on the $2.5 million project.

13 Toledo apartment sites fetch $1.5M 16.05.2008 11:01 Toledo homes may not be selling rapidly, but income-generating rental properties are.

All news | News archive | RSS feed

Home    |    Add your site    |    Member login    |    Lost id    |    Contact Us    |    Help   |    Advertise    |    Privacy Policy

© Top100biz Inc., 2004-2005. This site is powered by AlphaStoreDesign.com