Latest Headlines – Page 479
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Questions Arise About An Extension Of The Eu Quotas On Chinese Textiles
The issue is coming to the fore at a time where the Chinese government is trying to slow down the growth in exports by reducing or eliminating sales tax refunds on these and some other exported manufactured products. The tax refund for is set to decline from 13 to 5 ...
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Numerous Novel Cases Of Counterfeiting Are Reported
FIFAS, the French sporting goods industry association, cries victory in a case it initiated last January against a network of dealers who have been selling fake sports shoes over the internet in France and some other countries, making hefty profits on sales which reached lately an estimated average level of ...
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Beijing Olympics Get Cloud Of Bad Publicity For Labor Law Violations
Four companies with factories in Southern China, contracted to produce items with the Olympic logo for the 2008 Games in Beijing, have been accused of violating national child labor laws and local minimum wage requirements by an alliance of global trade union and labor groups called PlayFair 2008. The four ...
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More Events At Ispo Sport & Style
The first Wearable Technologies Congress will be held on July 9 at the International Congress Center in Munich, coinciding with the next edition of ISPO Sport & Style, taking place on July 8-10 next door. This event will feature decision-makers and experts from the areas of retail sales, production and ...
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Global Brands Group Expands Its Role In The Golf Sector
The 4-year-old international group, which already holds licenses for several other major properties such as FIFA and Walt Disney, has taken on all the direct licensing rights for the merchandise and retail operations of the PGA (Professional Golf Association) Tour throughout Europe, Mexico, South America and Asia, with the exception ...
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Taf Announces New Initiatives
The Athlete’s Foot will sport a new logo and a simplified new banner, TAF, on any new stores opened anywhere around the world from November onward. The initiative goes along with a new modular merchandising system, the launch of an exclusive line of sports apparel and increased support for the ...
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David Whelan Cashes Out Of Jjb
David Whelan, who founded JJB Sports in 1971, and his family have sold off all their 68 million shares in the British sporting goods retailer, for about £190 million (€280.2m-$372.7m). They sold the shares to a joint venture vehicle formed by Exista, a financial group based in Iceland, and to ...
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Blacks Leisure Group’S Chief Departs As Freespirit Business In Question
Blacks Leisure Group announced on June 4 that Russell Hardy is stepping down as chief executive officer and that it has launched a strategic review of its 49 Freespirit stores Hardy, who joined as CEO at the beginning of 2005 after heading up a chain of optical retail stores, Dollond ...
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Mike Ashley’S Adventures Continue
Mike Ashley has played financial analysts to his advantage by buying stock in Adidas about eight weeks ago, allowing many to think it was the successful entrepreneur’s personal endorsement of the company and causing its share price to rise. He then turned around and sold recently his share of just ...
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Gresvig Has Acquired Sportshuset
Gresvig is expanding its dominant share of the large and growing Norwegian sporting goods market through the acquisition of Sportshuset, a 31-year-old Norwegian sports retailer that runs eight relatively large stores in good locations, ranging between 800 and 1,700 square meters. Two more stores are joining the network at Fredrikstad ...
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Intersport And Sport 2000 Perform Better Than The Dutch Market
Two of the three major buying groups in the Dutch sports retail trade, Euretco Sport and Intres, outperformed their fast-expanding domestic market last year, catching up after their weak performance in 2005. While the growth of the Dutch sports retailer trade averaged 6.8 percent last year, softening substantially ...
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Quiksilver Weighs Strategic Options For Its Loss-making Hardgoods
“We are looking at every possible alternative concerning the hardgoods, and like I said before, everything is on the table,” said Bob McKnight, chairman and chief executive of the Quiksilver group, in reporting a net loss of $4,800,000 for the 2nd quarter ended Apr. 30, against a profit of $3,729,000 ...
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Chinese Group Is Set To Take Over Debt-ridden Sergio Tacchini
H4T, a company controlled by Billy Ngok, head of Hembly International Holdings Ltd. of Hong Kong, has reached an agreement to take over Tacchini Group, the holding company of Sergio Tacchini, in two stages. In a first step, H4T will have a lease over the ailing Italian sportswear group, with ...
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Elmec Is Sold In A Share Deal
Elmec Sport, a large Greek wholesaler and retailer that sells the products of Nike, Converse, Helly Hansen, Technogym and a variety of casual sportswear brands in Greece, Cyprus, Romania and Bulgaria, is consolidating its recent entry into the department store business with a merger deal that should give it added ...
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Management Buy-out At Sunderland
The management of Sunderland of Scotland has taken over the company from the British Harris Watson group, which continues to market two other golf apparel brands, Lyle & Scott and Bobby Jones. In addition to four members of Sunderland’s management, a new shareholder of this golf outerwear specialist is Kevin ...
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Basicnet To Buy Superga For €23 Million
BasicNet has reached an agreement to buy the Superga brand for €23 million from Formula Sport Group, which is currently in liquidation proceedings. The Turin-based group has had the worldwide licence for Superga since January 2004 and had a 4-year option since the beginning of this year to buy the ...
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Airesis Acquires The Balance Of Boards & More
The Swiss holding company has increased from 66 to 100 percent its stake in Boards & More, the company that holds the brand rights for Mistral, North Kiteboarding, Ion, Fanatic and North Sails. Airesis had previously sought to sell the company, bought from Klaus Jacobs in 2003, to concentrate on ...
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Adidas Creates More Business Units In Europe
Adidas has split its former Area Central into two new geographical business units in order to give more focus to the brand’s growth in Eastern Europe, as part of its “Win the Consumer” strategy. Like the Nordics unit, they will both be headed up by a general manager with full ...
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Adidas Eyes New Record In Football Sales
Adidas is confident that the European football championships, to be held in Austria and Switzerland in 2008, will help the brand to surpass the record level of €1.2 billion it attained in football products in 2006 thanks to the World Cup, said Herbert Hainer, Adidas’ chief executive. At a series ...
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Diadora Is Improving
Diadora has reported a net profit of €2,940,000 for 2006, compared with a loss of €12,671,000 in the previous year. The Italian company would have suffered another loss without an extraordinary gain from the sale of Invicta to Seven in March 2006. Excluding Invicta, Diadora booked a smaller operating loss, ...
