Latest Headlines – Page 324
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Lafuma stabilizes, winding up its refinancing
The Lafuma Group has set Jan. 30 as the deadline for responses to its offer of additional shares at a low price of €9 each, with rights of first refusal for existing shareholders on a pro rata basis of their present holdings. The offer is open only to French investors, ...
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Wolverine cuts revenue outlook for full 2013
Wolverine Worldwide expects to announce earnings at the high end of its previous guidance of $0.85 to $0.90 a share for the financial year ended last Dec. 28, indicating an improvement in net profit to between $85.5 million and $90.5 million, compared with $80.8 million in 2012. Excluding restructuring charges ...
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Detailed SGI Europe study analyzes four East European markets
All eyes will be turning to Russia in the coming days when the Winter Olympics get started in Sochi. The event is also helping to stimulate the Russian sports market, by far the largest of four markets covered in our latest series of market research reports, along with Ukraine, Poland ...
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Fewer exhibitors at Bread & Butter, successful times for Bright and Premium
Visitors of the 30th Bread & Butter show, which took place on Jan. 14-16 at the former Tempelhof airport in Berlin under the slogan ‘Ich bin ein Berliner,' missed many of the big sporting goods brands that previously exhibited in the main hall of the fair.Brands that decided not to ...
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ISPO Munich is set to break new records
The Ispo Munich show opening on Sunday will host a record of 2,565 exhibitors, up from 2,481 a year ago, on 104,720 square meters of net space. Non-German exhibitors come from 50 countries and represent 85 percent of the total. Like before, Messe München expects about 80,000 visitors to go ...
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The WT Innovation World Cup has announced its finalists
The countdown to this year's winners of the Wearable Technologies (WT) Innovation World Cup has begun with the announcement of the finalists. The database with the names of the finalists was closed at the end of November 2013, with over 600 participants from 69 countries. Since then, an international panel ...
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Industry stocks got a 49% boost in 2013
The sporting goods industry's stock market capitalization has consistently outperformed the general economy in the last five years. As measured by us, it grew by 83.9 percent in 2009, recovering from a 40 percent dip in the previous year. It subsequently rose by 36.2 percent in 2010, by 2.3 percent ...
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Head extends buyback offer
Head has extended its conditional share buy-back offer from the original deadline of Dec. 27 to Jan. 21, leaving all the conditions unchanged. The company had offered to buy back its shares at a price €1.90 on the condition that at least 19,214,042 shares would be tendered. However, by Dec. ...
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Adidas rejuvenates board, Stamminger leaves
The Adidas Group's executive board is apparently turning over a new leaf since it appointed its second new member in a few months: Eric Liedtke, current senior vice president for the Adidas brand's Sport Performance unit, is to take over from Erich Stamminger on March 6 as executive board member ...
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New owners, new business plan for Arena
Arena International is coming under the control of a Swiss investment fund, Capvis, with a business plan that calls for a doubling in its operating profit before amortization (Ebitda) and an increase in its annual turnover of €40 million over the next four years.Capvis, a fund that specializes in small ...
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Odlo’s owners acquire Didriksons
A Norwegian investment fund, Herkules IV, has signed an agreement to acquire the majority of the shares in Didriksons, the Swedish functional sportswear company. Described as Norway's leading private equity fund, Herkules IV already owns Odlo, and it wants to expand Didriksons' presence internationally. Odlo's current chief executive, Jonas Ottosson, ...
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New Lacoste generation takes over Fusalp
The rumor that we reported before Christmas was well founded. Two prominent members of the Lacoste family, Philippe Lacoste and his sister Sophie, have taken the control of Fusalp, the French sports apparel brand that became the leader in the European skiwear market in the 1970s. They have appointed Alexandre ...
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Bain takes over Canada Goose
Bain Capital has taken over control of Canada Goose on undisclosed conditions. It's an interesting move by Bain, the New York-based private equity firm that bought Jack Wolfskin from Johnson Outdoors in 2002 for €42 million and sold it for €93 million in 2005 to two other financial investors.Canada Goose, ...
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A more focused strategy for Intersport in Sweden
Intersport plans to reduce the range of products sold at its stores in Sweden by a further 25 percent in 2014, focusing on key product categories and working more closely with fewer suppliers. This is one of the strategic orientations that emerged from an interview recently conducted by the Sportfack ...
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Quiksilver explores new paths after big losses
Quiksilver has found a buyer for its Tony Hawk brand of skateboard apparel as part of its process of concentrating on its core business. The new owner is Cherokee, a company that sells a variety of apparel and footwear products and accessories under brands such as Sideout, Sideout Sport, Saint ...
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Police kill rioters in Cambodia
Workers' claims for better treatment in emerging countries reached a new climax on Jan. 3 as five demonstrators were shot dead and others injured by the military police in Phnom Penh, the capital of Cambodia, in the midst of ongoing strikes by garment workers. Coupled with the worker safety and ...
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Nike sues France’s Dragon Bleu over Venom and Hypervenom
Nike filed suit on Jan. 8 against a French sportswear company, Dragon Bleu, and its U.S. distributor, DBV Distribution, that have been using the Venum brand name on mixed martial arts clothing. The dispute, which is due to be heard in the Federal Court of Oregon, calls into question the ...
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Adidas cuts off smaller retailers
In the wake of Adidas' new row with Sports Direct over their right to sell Chelsea shirts (see issue vol. 24 n°40+41), widely publicized articles in Britain's Evening Standard and The Daily Telegraph report that both Adidas and Nike have decided to stop working with retailers in the U.K who ...
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Fesi outlines new priorities for action
The European Federation of the Sporting Goods Industry (Fesi) has set three priorities for action in the new year under the chairmanship of Bruno Alves. He was unanimously elected as its new president last October on the basis of a new strategic program, steered by a new executive committee, that ...
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Blackstone invests in Crocs
Crocs' depressed share price jumped by more than 20 pecent after the announcement that an investment fund affiliated with Blackstone, one of the world's leading equity groups, has agreed to invest $200 million in the company by acquiring a new series of preferred shares that will represent about 13 percent ...
