Latest Headlines – Page 494
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Mike Ashley Seeks Outside Financing...
Mike Ashley has asked Merrill Lynch to look into strategic options for his growing personal empire, Sports World International, including its sale to another investor or a possible flotation. Adding that he plans to make a decision on this in the New Year, Ashley reportedly indicated in a short conference ...
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Intersport Denmark Explores A Possible Sale
The board of directors of Intersport Danmark, chaired by Anders Høiris, has decided to explore the opportunity of selling its business to an equity fund or to other investors, following several expressions of interest received over the past few months. However no decision has been made except to request an ...
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Dutch Tax Deal And Its Other Businesses Help Nike To Post Higher Profits
A 10-year tax settlement with the Dutch government helped Nike to post an 8 percent increase in net income to $325.6 million for the 2nd quarter ended Nov. 30, and the weaker dollar contributed one percentage point to its 10 percent increase in revenues for the period to $3.82 billion. ...
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Swedish Eqt Fund Buys Five Seasons, Tenson And Melka
Melka and Tenson, the two Swedish brands of men’s wear and outdoor apparel, have been acquired by EQT Opportunity, a Swedish investment fund, along with Five Seasons, a fast-growing Swedish winter sports and golf apparel brand. EQT Partners, the high-profile private equity company behind the fund, believes that its support ...
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Two Big Changes For Speedo
While announcing the departure of Tony Wood as Speedo’s brand president, Pentland Group says it has granted a master license for the brand to Mitsui for the Japanese market, starting next June 1. Speedo, which is pursuing a multi-category lifestyle strategy, will use Mitsui to manage all licensing activities and ...
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New Chain Starts Up In The Uk To Adress A Growing Number Of Female Runners
The Sweatshop, the largest specialist retailer for runners in the United Kingdom, has launched a new retail format with a pilot store in the Bluewater shopping mall near London to benefit from the stupendous growth of the British women’s running market. Called She Runs He Runs, the unit should be ...
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New Investor For American Apparel
Endeavor Acquisition Corporation, an American investment fund set up in July 2005, has agreed to acquire American Apparel and its affiliated subsidiaries from its founder and chief executive, Don Charney, in exchange for 32,258,065 shares worth a total of $244.8 million. Additionally, up to $110 million in debt will be ...
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Former Le Coq Executive Signs Deals For Bolle And Royal Elastics
CS Dif’fusion, a new distribution and licensing company set up by the former general manager of Le Coq Sportif earlier this year, has obtained four Europe-wide deals with Bollé, Royal Elastics, Roland Garros and another brand whose name is not yet official.For Royal Elastics the company has picked up a ...
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Fjallräven Launches New Ranges
Fjällräven, the Swedish outdoor brand, has unveiled the headlines of a strategic plan for the next four years, which calls for the launch of an upmarket technical range as well as heavy investments in outdoor trousers and equipment. Devised by Martin Axelhed, the general manager who took over the reins ...
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Quick Teams Up With Spyker
Quick, the Dutch sports lifestyle footwear and apparel brand, has struck a high-profile marketing deal with Spyker, a Dutch Formula One team. The 3-year agreement, starting in March, will enable Quick to gain considerable exposure by featuring on Spyker’s racing cars and the team’s overalls with the “Q” logo, which ...
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The Danish Kawasaki Footwear Brand Is Exploring The Continental Market
More than 200,000 pairs of Kawasaki fashion shoes have been sold in Denmark this year, for the most part through 300-400 selected shoe shops and young fashion boutiques, probably making Kawasaki the second most popular Danish footwear brand after ECCO. The brand is well known now in some other Nordic ...
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Npd Estimates World Sporting Goods Market At Over $200 Billion
In the first authoritative study of the kind, which has been sponsored and partly funded by the World Federation of the Sporting Goods Industry, NPD Group estimates that global consumption of sporting goods reached US$235 billion in 2005. Sports apparel represented the biggest chunk at $102.6 billion. Sports footwear took ...
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Adidas Remains Global Leader In Apparel, Amer Takes The Leadership In Equipment
NPD’s figures largely coincide with our own estimates for the size of the branded sporting goods market at the wholesale level, augmented by the distributors’ and the retailers’ effective mark-ups, minus discounts. We had been waiting for NPD’s report to publish our annual surveys of the sports apparel and sports ...
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New Ispo Sport & Style Concept Is Launched For Summer
The Summer ISPO was suffering from a bad image because of the pull-out of many exhibitors, starting with the technical outdoor sector, which has migrated to Friedrichshafen, and with the tennis brands. Only some segments were still hanging on, such as surfwear and luxury sports clothing. After extensive consultation with ...
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Intersport Is The Official Uefa Euro 2008 Sports Retailer And An International Handball Sponsor
In the first international merchandising contract of the kind signed by UEFA, Intersport will be the UEFA Euro 2008 Official Sports Shop for Licensed Products. It means that retailers affiliated with Intersport will have the exclusive right to set up a store or a shop-in-shop with the Euro 2008 logo ...
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Decathlon Starts An E-commerce Operation, Works With Some Independents
Décathlon started earlier this month to offer a selection of 4,000 products from its wide private label program on the internet in France, avoiding heavy items such as large fitness equipment or others that require a lot of tuning and servicing, such as bicycles. It is doing so through a ...
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Quik’S Results Start To Go Up Again And Rossi’S Strategy Becomes Clearer
The Quiksilver group wants to generate annual sales of at least $1 billion each for DC and Rossignol, the two major brands that it has recently acquired, as its management has done with the Quiksilver brand. The group results published yesterday for the 4th quarter and for the full financial ...
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Oxbow And Millet Drive Lafuma
Higher than expected progress at Oxbow, the French surf brand acquired in 2005, led the French outdoor group to post a 20.8 percent sales increase to €243.0 million for the financial year ended Sept. 30 and to limit declines in profitability. Lafuma’s operating profit dropped by 4.6 percent to €9.8 ...
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Coleman Tries To Bring The Outdoors To People Partial To The Indoors
The outdoor and camping company, owned by Jarden Corp., has decided that the best way to expand its brand in the European market is by extending its name beyond the Great Outdoors and into the consumers’ backyards. Next Spring, Coleman will be launching at retail a line of barbecue grills ...
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Falke Grows Stongly In Sport
Buoyant apparel sales have pumped up the turnover of Falke’s sports unit by more than 20 percent this year, as its sports clothing range is spreading fast and sales of its sports socks continue to increase steadily. Specializing in high-quality socks, the German company launched its full-fledged apparel range two ...
