Latest Headlines – Page 304
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Adidas wins a round in knit patent fight
Adidas has won at least the first round of its battle against Nike on the issue of labor-saving knitting technologies for footwear uppers. The Federal Patent Court in Munich has ruled that the European patent filed by the Swoosh on knitting technology for footwear uppers used in its Flyknit range ...
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Two important nominations at Adidas
John Paul O'Meara, 36, has been appointed to the new position of senior vice president for strategy of the Adidas brand. He has been vice president of investor relations for the Adidas Group since October 2006. He worked briefly in 1999 at JP Morgan as corporate actions specialist, before serving ...
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Chief executive wanted at Li Ning
Li Ning wants to quickly appoint a new chief executive after Jin-Goon Kim, the company's interim chief executive, stepped down last month. Kim was installed at the helm of the company in July 2012 by Texas Pacific Group (TPG), the investment firm that acquired a sizeable stake in Li Ning ...
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New Eurochief for Deckers
Deckers Brands will have a new to manager for its European business. Sergio Azzolari, a former top executive of Fornarina's parent company, will join the parent company of Ugg Australia, Teva, Sanuk, Hoka One One and other brands next Feb. 2 as senior vice president for Europe, the Middle East ...
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Thule goes public
Thule, a 72-year-old Swedish company that has been investing more in the sports and outdoor sector lately, had a successful initial public offering on the Nasdaq Stockholm exchange on Nov. 26 as Nordic Capital, which acquired control of the company in 2007, sold 30 percent of its shares to institutional ...
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Oberalp signs deals with Halti and Spyder
Oberalp, the big Italian company that owns Salewa, Dynafit, Pomoca and Wild Country, is adding two important assets to its portfolio of distributed brands. It has signed a five-year deal with Halti to sell the Finnish brand in Italy and Austria, starting last Nov. 1, with an option to expand ...
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Bike popularity is still growing in the Netherlands
The distance the Dutch have been traveling within their country over the last ten years has remained more or less the same, around 11,000 kilometers per person per year. However, the distance traveled on bikes has increased by 7 percent since 2004, according to the Mobility Survey 2014 of the ...
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Ispo announced the BrandNew winners
The organizers of Ispo have announced the winners and finalists of this year's Ispo BrandNew competition, which will be given free stands at Ispo Munich on Feb. 5-8, 2015. They were selected by an international jury after receipt of a record number of 431 applicationsOnoo came put as the best ...
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Fesi among first partners of the European Week of Sport
At its annual European Sport Forum, which took place in Milan on Dec. 1-2, the European Commission presented some more details on the European Week of Sport, a new initiative that will be launched next year. Fesi, the Federation of the European Sporting Goods Industry, represented by its secretary general, ...
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WFSGI Manufacturers' Forum calls for smarter partnerships
Sporting goods designers and manufacturers assembled in Leipzig earlier this month called for a more integrated approach to design and production. They broadly agreed that the industry would run out of options to reduce labor costs, and that it should focus on reinforcing the interaction between brands and manufacturers to ...
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Higher prices and charges for Yue Yuen
Yue Yuen raised its sales by 6. 8 percent to $5,936 million in the first nine months of this year, but its net profit for the period fell by 36.8 percent to $330.5 million. The world's largest shoe manufacturer managed to raise its operating profit before extraordinary items by 9.5 ...
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Pacific Brands sells its footwear business
Pacific Brands has agreed to spin off and sell the sports and footwear businesses of its loss-making Brand Collective division for 39 million Australian dollars (€26.8m-$33.7m). The division generated revenues of A$204.5 million (€140.6m-$176.5m) in the financial year ended on June 30, down 8 percent from the previous year, and an ...
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Vulcabras turns around
After a long, steady decline, Vulcabras' share price began to stabilize after the publication of the Brazilian company's financial results, which showed a tiny net profit of 3.1 million reais (€1.0m-$1.2m) for the third quarter ended Sept. 30, compared with a loss of R$6.2 million in the year-ago period. It was ...
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Alpargatas expands internationally
Alpargatas has come to generate about 30 percent of its turnover outside Brazil, and its foreign business is expanding, mostly through its Havaianas brand of high-end sandals. The company booked a 26 percent increase year-on-year to 7,088,000 pairs during the third quarter in the volume of shoes sold by its ...
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VF achieves best score in Climate Change Report
VF Corp. has announced that it achieved its highest-ever score - 90 out of 100 - in the 2014 Standard & Poor's 500 Climate Change Report by the Carbon Disclosure Project (CDP). The CDP is a non-profit organization, which provides companies and cities with a global system to measure, manage, ...
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Dick Johnson will run Foot Locker
Richard (Dick) A. Johnson will become on Dec. 1 the new president and chief executive of Foot Locker on a global basis, replacing Kenneth (Ken) Hicks who is retiring after a remarkable five-year run at its helm. He will also join the board of directors. Johnson, 56, has been with ...
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Fenix takes over Globetrotter
A new company, Frilufts Retail Europe, is taking over all the retail operations of Globetrotter, Germany's largest outdoor retailer, along with the two major outdoor retail chains in Sweden and Finland, Naturkompaniet and Partioaitta. Together, they will have an annual turnover of around €260 million, second only to A.S. Adventure, ...
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Intersport exits Korea but Asia-Pacific is ahead of plan
Intersport International Corp. and LG Fashion have decided not to extend their five-year-old Korean master franchising agreement. After a year of negotiations, the two parties were unable to agree on the conditions for its renewal. IIC officials declined to comment on a rumor that the two parties could not agree ...
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TAF moves into Turkey
Fourlis Group, the Greek retailer whose Intersport master license was extended three years ago to Turkey from Greece, Romania, Bulgaria and Cyprus, has signed up as master franchisee and licensee for The Athlete's Foot as well. It plans to open the first two TAF stores in Greece and the first ...
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Jost exits Intersport Germany, goes to court
Intersport Germany has announced that Klaus Jost, president of the buying group in charge of purchasing, marketing and distribution since 2001, has been driven out of his functions with immediate effect. The official release says that the supervisory board and Jost could not find a common basis on the future ...
