Latest Headlines – Page 396
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Irish Buying Group Chief Is Leaving For Intersport Uk
Tom Foley, founder and general manager of Isra, a buying group for independent Irish sports retailers, is taking over from the end of January as head of Intersport U.K. He replaces Barry Mellis, who has significantly grown the buying group’s membership in the last two years but is leaving to ...
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German Intersport Enjoys Growth From Snow And Soccer
The German Intersport members are expected to reach total sales of €2.8 billion in the year about to end, or 7-8 percent more than in 2009. This estimation, given by Klaus Jost and Kim Roether, the two joint managing directors of Intersport Deutschland, at their traditional annual meeting with the ...
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Brazil’S Leading Sporting Goods Retailer Is Set To Nearly Double In Size
Group SBF of Brazil, the largest sporting goods retailer in Latin America, has set ambitious plans to add 140 new stores with a gross sales area of 85,000 square meters between the beginning of 2010 and the end of 2012. This will nearly double the size of the group over ...
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Quiksilver Maps Out Growth Without Ppr
Quiksilver was the target of intense speculation earlier this month about a potential takeover by PPR, the French luxury and retail group. PPR already owns Puma and it announced a few weeks ago that it wanted to build up a larger unit around it with several other sports and lifestyle ...
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Billabong Lowers Its Guidance
Billabong International indicates that its net profit for the first half of its financial year, ending on Dec. 31, will likely be 8 to 13 percent lower than in the corresponding period of a year ago on a currency-neutral basis. The significant recent appreciation of the Australian dollar may raise ...
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Acushnet Faces Possible Divestiture
Confirming reports, Fortune Brands said its board of directors has approved a proposal to separate the company’s three core units: golf products, distilled spirits, and home and security products. The plan is for the company to keep the spirits business as an independent, publicly traded company, with annual sales of ...
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Premium Golf Brands Prunes Its Staff
Andy Bough, the experienced British golf professional, is one of casualties in a reorganization of the 40-man staff of Premium Golf Brands, which has been asked by its financially strapped Irish bankers to reduce some costs in order to enjoy their ongoing support for its numerous new initiatives, including the ...
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North Face Wants To Double In Five Years
The North Face has unveiled ambitious plans to double business in the next five years, going from this year’s level of $1.4 billion to $3 billion by 2015. The outdoor equipment and clothing brand, owned by VF Corporation, aims to expand its footprint by introducing innovative products, by further developing ...
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Lafuma Enters A New Phase Of Growth
While reporting a few days ago a net loss of €3.56 million for the French company in the financial year ended last Sept. 30, against a net profit of €1.66 million in the prior year, officials of the Lafuma Group emphasized several improvements in its underlying results and expressed confidence ...
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Ron Hill Looks At Foreign Markets
Ron Hill, the British running apparel brand, is preparing to hire an international sales manager after its acquisition last year of Hilly, a brand of technical socks named after the same British long-distance runner. The sales forces of the two brands has remained distinct, but the integration of their ...
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Terra Plana Expands Into Performance Footwear
Terra Plana, a British supplier of sustainable footwear simulating barefoot walking, has tweaked its strategy to focus on performance footwear under the Vivobarefoot brand. This should enable the company to capitalize on growing demand for toning shoes: It has already seen its orders multiply threefold, so that it should achieve ...
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Pascal Lamy Will Come To Ispo
Interested industry executives may want to land in Munich earlier than planned for a new record-breaking Ispo show, whose total net exhibit space will go up by close to 12 percent next February, in order to listen to a speech by Pascal Lamy, director general of the World Trade Organization. ...
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Sportler And Gigasport Create An Austro-italian Connection
A new buying group is about to combine the bargaining power of major retail players in the sports markets of Austria and Italy. The new entity is called Sport Alliance International (SAI) and can be defined as an extension of Sport Alliance, the Italian buying group based in the South ...
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Sport 2000 Starts To Produce Skis But Misses The World Cup
The ski jumping competitions of the FIS World Ski Cup started a few days ago in Kuusamo, and officials of Sport 2000 International and Fischer were surprised by the fact that the skis did not bear the Sport 2000 brand name, like a new range of private-label skis that are ...
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A New Megastore Format By Cisalfa
The leading Italian sporting goods retailer has 30 stores measuring 3,000 square meters or more trading under the Cisalfa Sport, Longoni Sport and Germani Sport banners, and it will have more of them in the future. All of them are going to be completely reformatted to make a real and ...
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Jjb Sports Is In Trouble Again
JJB Sports said last week that it was exploring “further business restructuring options” and considering alternative sources of financing due to recent poor sales that will probably lead the British sports retailer to breach its bank covenants when they come up for review at the end of January. The ...
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Carlyle Group Buys Planet Sports
Planet Sports, the big German boardsports retailer, has moved into the orbit of Carlyle Group, a U.S.-based private equity investor has bought it along with other members of the so-called Primondo Specialty Group, the branch of mail-order retailers within the bankrupt Arcandor group, former owner of Karstadt and Quelle and ...
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Hts Group Buys Hamax
HTS Hans Torgersen & Sønn of Norway, known also as HTS Group, is raising its annual turnover to some 500 million Norwegian kroner (€62.7m-$83.6m) following the acquisition of Hamax, another more export-oriented Norwegian company that claims market shares of 24 percent for bicycle seats and 30 percent for sledges and ...
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Odlo Opens New Corporate Stores Across Europe, Names New Executives
The Swiss sportswear brand is busy developing its network of single-brand stores in various countries. While the company’s philosophy is generally to operate doors through franchises wherever possible, the latest openings were done by Odlo International itself or through its distributors. Two new doors are being added in Switzerland ...
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Quik Purges Its European Debt
Quiksilver has concluded in principle a deal to sell €200 million worth of senior notes to institutional investors at 8.875 percent, maturing in 2017. The offering, which is expected to close this Friday, is being made by the company’s wholly owned European subsidiary, Boardriders SA, and will be fully guaranteed ...
