Latest Headlines – Page 478
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Cisalfa Enters A New Phase Of Growth
Cisalfa Sport has acquired Sporting House, a small chain of three stores in Sardinia, which are being renamed as Cisalfa. The Italian retailer, which recently went under new ownership, is planning to open no less than 25 new Cisalfa stores and one Longoni Sport store next September. Excluding ...
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Mike Ashley Is Set To Acquire Everlast
Sports Direct International, the British sports retail and wholesale conglomerate floated by Mike Ashley on the London Stock Exchange last February, appears to have gained the upper hand in a bidding battle for Everlast Worldwide, after lifting its offer for the well-known American boxing brand to $33 per share, valuing ...
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Decathlon Brings Bike Production Partially In-house, Replacing Smoke With Cycling
Décathlon will begin to assemble bicycles at a new factory of its own in France as part of a €35 million investment aimed at boosting its European leadership in this category under its new private b’Twin label. The leading European sporting goods retailer will continue to get some types of ...
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Amer Sports Undergoes Some Structural Management Changes
Amer Sports has made some organizational changes, creating a “Winter & Outdoor” division and shifting its management functions. The new division is a combination of the Salomon, Atomic, Mavic, Arc’teryx and Bonfire units. It will be led by Kari Kauniskangas, a Finnish veteran of the group who is currently its ...
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Helly Hansen Has A Dual Management Structure For The Moment
Following the planned departure of Jan Valdmaa, the former chief executive who was brought in from Adidas in 2001 to turn the company around, Helly Hansen is for the moment without a single general manager. This should change by the Fall, as the company is said to have an external ...
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New Deal For Patrick In Europe
Cortina, a large Belgian footwear trading company with good sourcing and logistic capabilities, is moving further into the branded shoe business with the acquisition of a 50 percent stake in Patrick Holding, in cash and through a capital increase. Jørgen Nielsen, a Danish investor who is also involved in other ...
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Canterbury Of New Zealand Is Moving Beyond Rugby
Canterbury of New Zealand has agreed to sponsor US Dax, a French rugby team that was recently promoted to the “Top 14” league, the top rugby league in France, for three seasons. The deal includes jerseys, protective gear, “base-layer” undergarments and off-field apparel, and marks the third club in the ...
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Chiemsee Sets Up New Stores
Chiemsee intends to open several new stores as part of its steady expansion, which saw its sales rise by about 7 percent for the financial year ended in November 2006 to just over €34 million. In Europe, the German surfing and snowboarding brand will double this year the number of ...
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‘A Perfect Storm’ Has Struck Timberland
Soft turnover in boots and children’s shoes were blamed for sales declines in almost every segment of the company’s business during its 1st quarter, ended March 30. Net revenues fell by 3.9 percent to $336.3 million for the period. The gross margin was off by 1.7 percentage point to 48.0 ...
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Columbia Sees New Synergies For Its Brands In Europe
Columbia Sportswear, which is gearing up to celebrate its 70th anniversary next year, will put all its brands for the first time under a single roof next December, except for Pacific Trail. Columbia’s large product range will be featured alongside Sorel boots, Montrail footwear and Mountain Hardwear apparel in a ...
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The Global Branded Sports Shoe Market Grew By 8.5% To $24.6 Billion In 2006
Of course, it all depends on the definition of the market. Adding Crocs and Skechers to its chart, mainly because they are also sold by sporting goods stores, the American edition of Sporting Goods Intelligence instead sees the 2006 branded sports shoe market rise by 10.0 percent to $26.1 billion. ...
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Nike Accelerates, Especially In Europe
The Nike group ended its financial year on May 31 with an impressive 12 percent increase in futures orders, including gains of 7 percent in the USA, 12.5 percent in Europe, 19 percent in the Asia/Pacific region and 15 percent in the Americas. Only 1 percentage point of the growth ...
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Luxottica Gobbles Up Oakley
The price of $29.30 being paid by Luxottica in the all-cash transaction announced last week values the Oakley group at $2.1 billion, representing a premium of 24 percent above its average stock market price of the last three months, or 30 percent over six months. It’s a long shot from ...
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Mike Ashley Seeks To Prevent Blacks’ Sale Of Freespirit
As reported in the last issue of SGI Europe (June 13), the board of directors of Blacks Leisure Group announced simultaneously last June 4 that Russell Hardy would step down as chief executive of the British retail company and that the future of its 49 Freespirit action sports stores was ...
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Maltese Nike Distributor Takes Urban Jungle Concept To The Rest Of Europe
After taking Nike to Nigeria, Libya and Algeria in the last few years, the brand’s exclusive distributor in Malta since 1988, Time International (Sport) Limited, is expanding rapidly into neighboring Italy with a very creative store franchising concept called Urban Jungle. This geographical diversification makes sense for Time International, which ...
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Sport Scheck Changes Management As It Improves, But Not In Its Stores
Sport Scheck has streamlined its top management, leaving in place only two of its former three managing directors. Achim Rövenich, who has been so far in charge of the German retailer’s brick-and-mortar stores, is leaving the country’s single largest integrated sporting goods retail chain to assume another function with its ...
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Intersport Germany Appoints Kim Martin Roether As President
The supervisory board of Intersport Deutschland scouted the market for an entire year to find an appropriate successor to Hartmut Fröhlich as president in charge of the group’s members and organization. Fröhlich will leave the Heilbronn headquarters at the end of the year according to his contract, which requires that ...
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John Larsen Becomes Wfsgi’S President
John Larsen, president emeritus of New Balance, will run the World Federation of the Sporting Goods Industry as of next week, representing the American zone as part of the statutory rotation between the Americas, Europe and Asia. He was nominated very recently for the post by SGMA International after several ...
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Ppr Delays Complete Takeover Of Puma But Appoints Board Members
Announcing that it now holds 33.2 percent of Puma’s shares, PPR Group said it was satisfied with the outcome of its tender offer, but gave the Wild Cat’s shareholders more time to sell their remaining shares at the same price of €330 per share. The previous deadline expired on June ...
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Adidas Runs Italy And Cyprus, Maybe More Countries, From Greece
Alain Brouhard, managing director of Adidas Greece, will assume additional responsibilities as managing director of Adidas Italia, starting in August, and his position is understood to be final. Umberto Pieraccioni, who became managing director of the Italian subsidiary in April 2003, will become general manager of Legabasket, the Italian national ...
