Latest Headlines – Page 344
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Sporting goods stocks rise by 28.8% globally
The stock market value of the public sporting goods companies around the world rose to $216.3 billion in 2012, up by 28.8 percent on 2011 in terms of local currencies and on a weighted average basis. Curiously, together, the 13 European-based companies on our annual chart experienced the highest growth at ...
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Wolverine works with fewer business units
Wolverine Worldwide has decided to reduce the number of operating groups from four to three, following its acquisition last October of the Performance & Lifestyle Group (PLG) of Collective Brands, which brought the Saucony, Keds, Sperry Top-Sider and Stride Rite brands into its portfolio. These four brands have been redistributed ...
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Andy Mooney will head up the Quiksilver group
Andy Mooney, a former Nike and Disney executive, will become the Quiksilver group's new president and chief executive from Jan. 11. He will succeed Bob McKnight, the American board sports company's co-founder, who has been named executive chairman. Mooney will also join Quiksilver's board of directors later this week.The newcomer ...
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Steve Veytia steps aside at Supra, runs Hyperice
Steve Veytia is going for an interesting new challenge in the area of sports health. Still based in France, the 46-year-old American industry veteran has become an investor in Hyperice and global chief executive of this new company, which has developed and patented a special ice compression technology that people can use to recover from muscle ...
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BBC becomes Heelys' global licensee
Sequential Brands Group has entered into an exclusive, long-term global agreement to license Heelys footwear to BBC International after the closing of its contract for the takeover of the American brand of wheeled footwear. If approved by shareholders, the transaction will close in the first quarter of 2013. Among other benefits, ...
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Munich changes ownership, expands internationally
Xavier and David Berneda have returned to the helm of Berneda S.A., the Spanish company that manages and manufactures the Munich brand of sneakers. The two brothers, who represent the third generation in the family-owned company, had left it last July in the midst of negotiations, which have now been ...
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Lotto innovates in football, expands in tennis and running
Lotto Sport Italia is readying the retail launch in mid-2013 of the Solista, a special new football boot that reflects natural and artificial light, drawing more attention to its logo on the football pitches of the world. It uses a special patented microfiber technology on an exclusive basis. Lotto officials hope ...
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Major running brands sign up tennis stars
New Balance, which abandoned its former anti-sponsorship philosophy a few years ago, has announced its first deal in the tennis sector. The contract is with Milos Raonic, a Canadian tennis champion born in Montenegro 22 years ago, who was previously sponsored by Lacoste.The terms of the contract between New Balance and Raonic ...
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Nike and Oakley sign up more golf champions
Nike is still widely expected to announce its sponsorship of Rory McIlory, the world's current top-ranked golf champion, at the Abu Dhabi Championship on Jan. 14. As previously reported, Oakley is challenging the deal with the Irish player, which is said to be worth $250 million. However, a spokesperson for Oakley ...
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New social ski app by Rossignol
Rossignol has updated and broadened a free app enabling skiers and snowboarders to track and record their performance. The new Ski Pursuit app allows users to share statistics, such as their average riding speed, with their friends on Facebook, bringing about the creation of a “Pursuit Community.”A version of Ski ...
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Change of the guard at Fibo show
Olaf Tomscheit, who has been the director of Fibo since 2005, is leaving Reed Exhibitions Deutschland, organizer of the big European ftiness fair. He will step down after the next show, being held next April 11-14 for the first time in Cologne. He is moving on to The Conference Group ...
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Sharp retail format hits Danish market
Sport 24, a hard-hitting new Danish retail chain launched early last year, has rapidly opened regular stores and outlets to form a network of 36 doors around the Jutland peninsula, and plans to have at least 50 stores in place by 2015. The proliferation of outlet stores could have an ...
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Asics implements geo-marketing in Italy
Shortly after Mizuno's takeover of the distribution of its products in Italy, Asics officials report that they have taken full ownership of their Italian subsidiary. Franco Arese, who brought Asics to Italy in 1982 as its distributor, has sold his remaining minority stake in Asics Italia. Aged 68, he is set to retire ...
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With fewer members, the German Intersport sells more
Klaus Jost and Kim Roether, the joint managing directors of Intersport Germany, who held their annual press conference on Wednesday, announced a projected sales increase of 3-4 percent in 2012 for their retail members, reaching a turnover of around €2.8 billion including VAT. This figure is preliminary since it does ...
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The Swiss Intersport is in the red
The ongoing crisis in Swiss retailing in general, and the difficult weather conditions last year in particular, had their impact on the results of Intersport PSC Holding, the Swiss licensee of Intersport, in the 2011-12 financial year ended Sept. 30. The group's revenues dropped sharply by 16.3 percent to 211.5 ...
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Billabong warns about profits after a bid
Paul Naude, a director of Billabong International and head of operations in the Americas, has finally revealed details of his plans for a buyout of the board sports company, but a profit warning from the company led many investors to sell their shares nevertheless, causing a further drop in the ...
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Quik claims market share gains in Europe
The Quiksilver group managed to lift its turnover for the last quarter of its fiscal year, which ran until the end of October, but this was achieved with abundant closeout sales and discounts that badly hit the company's gross margin and caused a pre-tax loss for the quarter.The group's turnover advanced ...
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Lafuma reorganizes Oxbow
The Lafuma Group reported last week a net loss of €15.2 million for the financial year ended last Sept. 30, compared with a net profit of €3.9 million in the prior year, but blamed the poor results mainly on non-cash charges of about €15 million and on the poor performance ...
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Rip Curl goes more technical
While Oxbow is eliminating wetsuits from its collection, Rip Curl, the only surf company with its own factory in Thailand, is launching a better version of its quick-dry Flash Bomb suit for the autumn/winter 2013/14 season. Called Flash Bomb Plus, it is said to be 20 percent lighter, with 30 ...
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Li Ning launches a far-reaching retail cleanup
Li Ning's board has approved a far-reaching retail cleanup plan that will cost 1.4 billion to 1.8 billion yuan renminbi (€170m-$224m to €219m-$290m), to put an end to the inventory issues that have been plaguing the leading Chinese sports company and the country's entire sports apparel and footwear market in ...
