Latest Headlines – Page 215
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Le Coq Sportif turns around
Le Coq Sportif turned in a small profit for the first half of this year, aided by investments in local production that enabled it to respond to demand more adequately, and it is projecting a double-digit jump in sales for the second half.Airesis, the Swiss holding company that owns a ...
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Bumpy transition for Sports Direct at House of Fraser
Sports Direct International (SDI), which acquired assets of House of Fraser in bankruptcy proceedings for £90 million (€101.6m-$116.8m) in August, has abruptly sacked the directors and senior management of the British department store chain. The single-sentence statement issued by the British retailer refers to the collapse of the department store group ...
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British retailers in auction for Evans Cycles
JD Sports Fashion and Sports Direct International (SDI) are both reported to have tabled indicative offers for Evans Cycles, a British bicycle retailer with about 60 stores. Sky News reported this week that the two British-based sports retailers would compete in the sale with Halfords, another British cycling specialist, and ...
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A high-caliber leader for Rossignol’s bike segment
Scott Rittschof has been named senior vice president of the Rossignol Group in charge of its growing bike division, which includes Rossignol bikes as well the Time Sport and Felt brands. He is joining the group with an impressive cv.Rittschof worked for Dorel Industries' Cycling Sports Group (Cannondale, GT, Schwinn) ...
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The athleisure segment is getting crowded
More and more retailers and brands that have not been strictly associated with sports apparel until now are branching out into the growing athleisure segment, in parallel with the recent incursions made by sports retailers and brands into casual sportswear. The same has been happening for some time in the ...
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Spin Capital adds Pyua to its portfolio
Spin Capital, the investment company that last year took over ABS Protection, a major supplier of anti-avalanche airbags, has acquired a controlling interest of 90 percent in Pyua, the German brand of sustainable outdoor and ski clothing.Further acquisitions in the sports sector are not excluded, says Spin Capital, a Munich-based ...
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Russia’s production of sports goods is up strongly
According to preliminary estimates, the production of sports goods in Russia jumped by 48 percent in the first half of 2018, as compared to the same period of the previous year, said Oleg Ostroukhov, chairman of the Association of Russia's Sports Industry Enterprises of Russia, when talking to our correspondent ...
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New data on inactivity worldwide
A recent study led by researchers from the World Health Organisation (WHO), published in the scientific journal The Lancet, suggests that policies to increase physical activity on a global scale need to be made a priority and scaled up urgently. According to the study, which looked at inactivity trends among ...
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Chinese investors show interest for Amer Sports
Confirming media speculation, Amer Sports announced this morning that it has received a non-binding preliminary indication of interest from a consortium comprising Anta Sports Products and an Asian private equity firm, FountainVest Partners, in view of acquiring its entire share capital for €40.00 a share in cash. That would be ...
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Amer Sports’ cycling division comes under strategic review
The cycling division of the Amer Sports group, which includes the Mavic and Enve brands, has been placed under strategic review, the company said last week as part of an update on its transformation and its assets.The Finnish group behind Salomon, Arc'teryx, Atomic, Wilson and many other brands told analysts ...
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Nike stands firm in Kaepernick ad
Nike unleashed virulent reactions last week with an advertisement featuring Colin Kaepernick, the quarterback who sparked a movement two years ago by kneeling down during the singing of the U.S. national anthem to protest against racial injustice and police brutality. The reactions were mixed, including a presidential rebuff and a ...
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JD Sports Fashion is buoyed by international expansion
Despite the torrid weather that reduced retail traffic over the summer, the JD Sports Fashion group managed to raise its sales by more than 3 percent in constant currencies in the six months to the start of August, pushed up by its online sales and its expanding international business.Store openings ...
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The Iberian Sports Retail Group pursues its integration
The strategic integration of the Iberian Sports Retail Group (ISRG) is taking shape with an optimization of the JD, Sprinter and Sport Zone retail brands, as well as continued store openings across Iberia.ISRG was formed in January through a joint venture between JD Sprinter and Sport Zone in Iberia, forming ...
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Tense general assembly ahead for SDI
Sports Direct is heading for another tense shareholders' assembly later this week, as several proxy advisers have been complaining about governance at the British sports retail company – and Mike Ashley, its majority shareholder and chief executive, has decided not to turn up.Institutional Shareholder Services (ISS), Glass Lewis and the ...
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Footasylum’s sales firm up, shares plunge
Footasylum saw its shares take another plunge after its second profit warning in three months, due to an underwhelming performance for the British sports fashion retailer over the summer as well as delays in store openings and enlargements.The retailer saw its share price shrink by more than 50 percent after ...
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Sport 2000 International adopts category management
Sport 2000 International has resuffled its product management team in alignment with strategic changes that call for the buying group to transform into a more customer-oriented retail organization, focusing on sports categories instead of product categories like Nike, Adidas and other generalist brands.The direct rival of the German-based organization, Intersport ...
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Sport 2000’s French cooperative prepares a lower takeover bid
Frédéric Poux has been appointed as board chairman of Sport 2000 France, it was announced last month by Activa Capital, after a dispute between the cooperative for the members of Sport 2000 France and the French investment firm that owns a majority stake in the buying group.Poux was the chairman ...
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Decathlon enters Austria
Decathlon has filled one of the last few remaining gaps in the European map by inaugurating a store of 5,000 square meters in Vösendorf south of Vienna on Aug. 22, reinforcing its business in the German-speaking countries after multiple openings in Germany and the takeover of Athleticum in Switzerland a ...
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Decathlon accelerates in Germany and the U.S.
In a successful reaction to the former complaints of many traditional German sports retailers, Decathlon is accelerating its expansion in their market with a plan to open no less than 13 new stores in Germany before the end of this year, building up on its current strong portfolio of 53 ...
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Consolidation in Germany’s department store business
After lengthy negotiations, the owners of the large Karstadt and Galeria Kaufhof chains of department stores have decided to join forces, forming a new company called Deutsche Warenhaus Holding. The related contracts have reportedly been signed already by their respective owners, the Austrian-based Signa group and Hudson's Bay Company (HBC) ...
