Latest Headlines – Page 350
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Décathlon expands in Middle East, Taiwan
Décathlon is opening its first store in Lebanon through its partnership with Azadea. The new franchised door is located in Beirut's Dbayeh mall. Azadea had also opened the first Décathlon sports store in the Middle East at the end of 2010, at the Mirdif City Center in Dubai. Décathlon has ...
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Bauer acquires Inaria and posts strong quarter results
Bauer Performance Sports has entered into a definitive agreement to acquire Inaria International, a global provider of team sports and active apparel. The purchase price will be C$7 million (€5.4m-$7.1m) in cash and the acquisition was expected to close on or about Oct. 17. The move will allow Bauer, a ...
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Wolverine completes PLG’s takeover, earns less
Wolverine Worldwide announced last week the slightly belated completion of its $1.24 billion acquisition of the Performance + Lifestyle Group of Collective Brands, which includes big shoe brands such as Saucony, Sperry Top-Sider, Keds and Stride Rite. For the parent company of Merrell, Sebago and other footwear brands, it is ...
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EU hears allegations of circumvention by Chinese bike makers
The European Commission has accepted a complaint filed by the European Bicycle Manufacturers Association (EBMA) in August into alleged circumvention of anti-dumping duties on Chinese bicycles. The allegations are that some Chinese manufacturers are illegally transshipping and repackaging their products in Indonesia, Malaysia, Sri Lanka and Tunisia, to avoid the ...
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Clinton and Napolitano show up at the new Technogym Village
Technogym inaugurated its new headquarters, the “Technogym Village,” on Sept. 29, in the presence of 800 guests representing institutions, the scientific and cultural world, entrepreneurs, and international media from more than 60 countries. The opening of the new state-of-the-art facilities, located near Cesena, in the northern Emilia-Romagna region, was accompanied ...
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The NBA gets busy abroad, especially in China
NBA officials have announced their plans to build a giant sports and entertainment complex on the outskirts of Beijing. The new 12,000-square-meter NBA Center will feature a gym, a themed cafe, a restaurant, a store selling team apparel, an interactive gaming area and a children's zone. Reportedly, it will be ...
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Global retail leaders grew by 10.2% in dollars in 2011
The major sporting goods retailers around the globe raised their sales by 7.2 percent in local currencies last year, just below the 7.6 percent growth that they had recorded in 2010, after declining by 1.5 percent in 2009 because of the global financial crisis. Translated into U.S. dollars, their combined ...
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JJB goes into pre-pack administration
Trading in the shares of JJB Sports, the beleaguered British sports retailer, was suspended on the London Stock Exchange at the start of this week as the company moved toward pre-pack administration, a form of bankruptcy that makes it easier to sell off specific assets of a company.Among the companies ...
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Online retailing gains momentum in Sweden
In Sweden, e-commerce is maintaining a high rate of growth, with the sporting goods and outdoor sectors topping other segments with growth of 27 percent in the second quarter of 2012. If the trend goes on, the internet may generate sales of about 1 billion Swedish kronor (€117.8m-$151.7m) for suppliers ...
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Nike wins first round against Adidas over its Flyknit shoe
Nike has won a temporary injunction against Adidas' new Adizero Primeknit shoe in a Nuremberg court, based on a claim that it infringes on the patents covering its own lightweight Flyknit technology, which makes the upper look like a single piece.A spokesperson for Nike said the ban applies to the ...
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Targets slashed for Reebok, raised for Adidas
The Adidas Group has slashed its sales target for the Reebok brand, it was revealed at an investor day held last week in Carlsbad, at the head office of TaylorMade-Adidas Golf. The company reiterated its target for the entire group to reach sales of €17 billion by 2015, but with ...
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VF sets new targets for its business in Asia
VF Corporation, the U.S.-based owner of The North Face, Vans, Timberland and many other brands, told investors at a meeting in Shanghai last week that it was eyeing sales of $2 billion in the Asia-Pacific region over the next five years, compared with about $900 million this year. This calls ...
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Rossignol reorganizes its production in France
Groupe Rossignol is reducing the number of workers at its factory at Nevers, which is the only one in Western Europe that is still manufacturing ski bindings, but a spokesman for the company said that it is planning to create other jobs at its other two French factories at Moirans ...
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Prince’s new owners expand their global footprint
Prince Global Sports, the new firm set up by Active Brands Company (ABC) a couple of months ago to acquire the operating assets and exclusive licensing rights for the Prince, Ektelon and Viking brand names in the Americas, has completed its international expansion by taking over the rights to the ...
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Lacoste names a new chairperson
Lacoste SA has named Sophie Lacoste Dournel as non-executive chairperson of its board of directors following a meeting of shareholders. Aged 36, she succeeds her father, Michel Lacoste, in the role. The board of the French company is composed of 11 members, including five members of the Lacoste family, three ...
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First graduate course in sporting goods management kicks off
An interesting Master of Science course in sports and outdoor industry management, or SOIM for short, began a few days ago at the School of Management of Lyon (EMLyon). Described as the first such master's degree program specializing in our sector, it started with a group of 13 selected students ...
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Brasilsul expands in Europe
Based in Porto Alegre, this Brazilian manufacturer of fitness clothing is one of the few local sports apparel producers that have ventured abroad. It is particularly strong in the southern part of the country, justifying its name, but it also has a presence in other parts of the country, and ...
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China, Brazil displace Germany in sports goods sales
The NPD Group estimates that the consumption of sporting goods around the world reached a record level of US$333 billion in 2011, which was an increase of about 5 percent from the previous year's level. The size of the global market estimated by the research company encompasses sports equipment, active ...
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Lotto sells Etonic
Lotto Sport Italia has sold Etonic, the American producer of running, golf and bowling shoes that it bought in 2006. The buyer is the Anthony L&S Footwear Group (AL&S), a U.S. company that markets casual and lifestyle footwear under various brands including Bob Marley, Cadillac, Fubu, Levi's Mountain Gear, Farm ...
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Rip Curl ponders sale
Rip Curl has hired Bank of America Merrill Lynch to study unsolicited takeover offers from several international companies. Australian newspapers estimated that such a deal could fetch up to 480 million Australian dollars (€384.7m-$504.7m), equivalent to 10 times the Australian board sports brand's projected Ebitda for the fiscal year to ...
