Latest Headlines – Page 480
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Profit Declines At Lotto
Costs associated with the takeover of Etonic led Lotto Sport Italia to post a net profit of only €0.8 million in 2006, down from €2.9 million in the previous year. Increased operating expenses did not prevent the company from raising its operating income before amortization and depreciation (EBITDA) slightly to ...
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Babolat Continues To Grow
Last Sunday’s victory of Rafael Nadal in the men’s finals of the Roland Garros tennis tournament in Paris is expected to give a new impulse to the brand globally and in Spain, where the French tennis brand has already reached the #1 spot in value. Another Spanish tennis champion who ...
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Growing Peak Performance Boosts Top Management, Seeks Bigger Role In Golf
The Swedish company is creating new top positions within its management in order to bring forward its business outside Scandinavia. On July 17, Jörgen Weiss will assume the position of international sales director of Peak Performance, operating out of the Munich headquarters for Continental Europe. Weiss, previously European sales manager ...
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Mizuno Improves Everywhere
Mizuno’s revenues grew by 6 percent to ¥161.7 billion (€986.6m-$1,327.9m) for the year ended March 31, but net income dropped by 63 percent to ¥2.84 billion (€17.3m-$23.3m)because of an adjusted corporate tax gain in the previous year. Operating income was up by 11 percent. By region, turnover inched ...
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Warm Weather Causes Casualties In German Trade
Reports in the German press indicate that the outdoor market there is booming, thanks to warm and sunny weather since January, and that this has led to some shortages. Companies that are producing outdoor boots in Germany, such as Meindl, are reportedly responding to the strong demand through overtime labor. ...
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Everlast Is To Be Taken Private
A group of private investors led by The Hidary Group – one of Everlast Worldwide’s licensees – have agreed to acquire Everlast Worldwide for $26.50 in cash per share in a deal valuing the company at roughly $146 million. This represents a 14.5 percent premium above the closing price of ...
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British Outdoor Preview Cancelled, Leaving Oia’S Future Uncertain
After several big-name brands pulled out of the British outdoor show for various reasons, and the exhibitor list shrunk to 30 companies, the UK’s Outdoor Industry Association (OIA) has decided to cancel the next edition of Outdoor Preview, originally slated to take place on July 3-5 in Harrogate. ...
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After Growing By 8.3% In 2006, Intersport Wants To Enter China For The Olympics
The shareholders of Intersport International Corp. have approved a strategic plan for the medium term that foresees a presence for the world’s largest sport retail organization in China and in other parts of the Asia-Pacific region, with the attainment of certain goals within a certain time frame. As part of ...
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Foot Locker May Lose Its Bid For Genesco, May Be In For A Rough Year In The Usa
Foot Locker has raised its bid for Genesco to $51 a share in cash, giving a valuation of more than $1.16 billion to the large parent company of Journeys, Naturalizer and other shoe retail and wholesale operations in the USA, and subsequently declared that it would not make a higher ...
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Payless Will Take Over Stride Rite
Payless ShoeSource and Stride Rite Corporation have announced an agreement, described as definitive, by which Payless, a large American chain of discount-oriented shoe stores, will pay about $800 million to acquire Stride Rite, along with assumption of debt. Payless’ offer of $20.50 in cash per share represents a 32 percent ...
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Mike Ashley Loses Chairman, Wants To Acquire Newcastle United
There’s never a dull moment with Mike Ashley, the British sports business magnate, who ended the month of May with a bid for the Newcastle United football club and with a change of stewardship at Sports Direct, the recently listed sports retail and wholesale company, in which he still holds ...
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Puma Backs Ppr’S Offer
Following a board meeting, Jochen Zeitz, Puma’s chief executive, has reiterated the support of the company’s executive and supervisory board for the full takeover bid that Pinault Printemps Redoute (PPR), the French luxury and retail conglomerate, officially launched on May 14 for the 72.9 percent of Puma capital that it ...
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Nike Maps Out New Social Responsibility Goals, Going Beyong Pakistani Footballs
Nike has selected Silver Star, a Pakistani manufacturing company, to replace Saga as its producer of footballs in the Sialkot region of the country. Nike terminated its contract with Saga because of repeated violations of Nike’s corporate social responsibility policies as Saga was using home-based outsourcing for the sewing of ...
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Adidas Promotes Right To Play
A limited edition of red mini-footballs went on sale at Adidas stores worldwide and on www.adidas.com today as part of a program intended to bring the positive impact of sport and play to children in disadvantaged communities around the world, in cooperation with an international humanitarian organization called Right to ...
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Le Coq Boosts Staff As Sales Grow Sharply
Le Coq Sportif, the French sports brand that was taken over in 2005 by Airesis, a Swiss holding company, is targeting sales of about €250 million in five years after an extensive relaunch in Europe and the USA. Judging from its current orders, it should already double sales to about ...
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One Way Sport Defies The Market
As it continues to grow, the young Finnish-based company, specializing in Nordic fitness poles, has taken on board another former Exel executive, Harald Bierbaumer, who helped to introduce Exel’s Nordic walking concepts in Germany and Austria, running its German subsidiary for 15 years. Bierbaumer, one of the casualties of ...
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Innovations Continue To Get The Spotlight At Ispo
Besides organizing the first conference on wearable technologies during the first session of its new ISPO Sport & Style fair next month, the ISPO team has a launched a new competition – open for exhibitors and non-exhibitors alike – for the so-called ispo performance award. They will all be able ...
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Décathlon is investing about €8 million in the first stage...
Décathlon is investing about €8 million in the first stage of a project to set up a new continental logistic platform of 48,000 square meters that will open next year at Prat de Lobregat, near the harbor of Barcelona. Supplementing similar facilities in Marseille, France and Antwerp, Belgium, the new ...
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Bob Corliss, who has led The Athlete’s Foot for many...
Bob Corliss, who has led The Athlete’s Foot for many years and owned it until recently, has resigned from the company and from its new parent, NexCen Brands, along with his long-time collaborator, Don Camacho. Both executives will continue as transitional advisors through the 3rd quarter of 2007, and then ...
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Lotto appoints Planet Sports as its exclusive licensee in the...
Lotto appoints Planet Sports as its exclusive licensee in the Philippines through 2011, with a mission to turn the Italian brand into the country’s #1 football brand and #5 sport lifestyle brand. The new licensee has 11 Planet Sports stores and 9 The Athlete’s Foot doors in the Philippines. A ...
