All News briefs articles – Page 1056
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News briefs
Puma’s sales rose by 10.3 percent during the 4th quarter...
Puma’s sales rose by 10.3 percent during the 4th quarter ended on Dec. 31 to €504.0 million, according to preliminary figures reported by its new parent company, PPR Group. The growth was led by an increase of 20 percent in the EMEA region to €216.4 million and an increase of ...
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News briefs
Adidas has embarked on a share buyback program that could...
Adidas has embarked on a share buyback program that could lead to the acquisition and cancellation of up to 5 percent of its shares. The board had obtained the authorization to do so at the last annual shareholders’ meeting, held in May last year. Herbert Hainer, Adidas’ chief executive, indicated ...
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News briefs
Décathlon will open a Decat’ store again in May on...
Décathlon will open a Decat’ store again in May on a street of Lille, rue des Tanneurs, taking the place of a store called Devianne. It will have 550 square meters of selling space. Decat’ is the fashion sport concept of Décathlon. The company announced last September that it was ...
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News briefs
Maus Frères, parent company of Manor Group, Athleticum, Lacoste and...
Maus Frères, parent company of Manor Group, Athleticum, Lacoste and Aigle, has secured control of Gant after a lengthy proxy fight. Lennart Björk, founder and chairman of the Swedish fashion company, backed the Swiss group’s offer after it was raised from 310 to 320 Swedish kronor a share, valuing his ...
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Jacob van Rijswijk, the Dutchman who founded Rucanor back in...
Jacob van Rijswijk, the Dutchman who founded Rucanor back in 1956, passed away in his sleep earlier this week, aged 88. Van Rijswijk launched his sports business from a basement office in Rotterdam as the Rubber and Canvas Organization, importing trainers from the Far East long before this became the ...
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News briefs
At the recent Bread & Butter show in Barcelona, organizers...
At the recent Bread & Butter show in Barcelona, organizers counted over 99,500 professional visits over the 4-day affair, which was a 20 percent increase from the previous edition, but it seems that many visitors were counted twice. The organization noted that considerably more Scandinavians were visited the show, up ...
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News briefs
Vivarte, a large French retailing group specializing in footwear and...
Vivarte, a large French retailing group specializing in footwear and clothing, is entering the sporting goods market with an agreement in principle to acquire Super Sport, a large independent chain of 50 sporting goods stores with annual sales of around €100 millionan average surface of 1,400 square meters. Five more ...
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News briefs
Puma is sponsoring Eurosport’s coverage of the 32 matches of...
Puma is sponsoring Eurosport’s coverage of the 32 matches of the African Cup of Nations, running from Jan. 20 to Feb. 10. The Wild Cat’s jerseys will be worn by nine of the 16 football teams participating in this year’s tournament: Angola, Cameroon, Egypt, Ghana, Ivory Coast, Morocco, Namibia, Senegal ...
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News briefs
Outdoor-Profis, the group of about 70 specialized outdoor retailers within...
Outdoor-Profis, the group of about 70 specialized outdoor retailers within Sport 2000 Germany, has acquired the outdoor label Gentic. The brand was owned by Odlo, but the Swiss sportswear label did not market it for some seasons. Outdoor-Profis intends to offer it exclusively to its own members in Germany, and ...
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News briefs
The two rival Milan soccer teams, A.C. Milan and Inter...
The two rival Milan soccer teams, A.C. Milan and Inter Milan, share the same stadium, but they will most likely never share the same brand logo on their respective kits. A.C. Milan, which has won nine titles during its 10-year relationship with Adidas, is extending its partnership with the Three ...
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News briefs
An Indian company, Batra, is set to acquire Fila’s European...
An Indian company, Batra, is set to acquire Fila’s European business together with Barclays, according to an Italian magazine, Il Mondo. Company officials would not confirm this at the time of going to press.
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News briefs
Ferrino has acquired Baldas, a company specializing in snowshoes with...
Ferrino has acquired Baldas, a company specializing in snowshoes with an annual turnover of around €600,000. Founded in the Savoy region of France in 1975, Baldas started up with metallic snowshoes, but it was the first company to use plastic compounds with a ceramic base. The French company was acquired ...
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News briefs
Salomon and Intersport International have signed an agreement to extend...
Salomon and Intersport International have signed an agreement to extend until 2010 a cooperation that they had started in 2004. Intersport will continue to use the Salomon Nordic System binding system (SNS) for cross-country skis and boots sold under the buying group’s own label, Tecno Pro. The deal is important ...
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News briefs
Maus Frères, the Swiss group that controls Athleticum, Aigle and...
Maus Frères, the Swiss group that controls Athleticum, Aigle and Lacoste, has become the single largest shareholder of Gant, but it has failed to secure its control. Lennart Björk, founding shareholder of the Swedish firm, had strongly opposed Maus’ takeover offer, launched last Dec. 11, which valued Gant at 5.2 ...
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News briefs
Décathlon has appointed one of its key executives, Franck Vigo,...
Décathlon has appointed one of its key executives, Franck Vigo, as manager of its interactive operations, including its new virtual store. He was in charge of the group’s data processing and logistics before being named five years ago as general manager of Décathlon France. His responsibilities at the head of ...
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News briefs
Peter Kats, former sales and marketing chief of ASICS Europe,...
Peter Kats, former sales and marketing chief of ASICS Europe, is one of the numerous new members of the management of Converse EMEA, where he is in charge of sales. They were all recruited in the last few weeks to help the brand to sustain its strong momentum in European ...
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News briefs
The National Basketball Association (NBA), which has four offices throughout...
The National Basketball Association (NBA), which has four offices throughout China and opened a Hong Kong office in 1992, recently sold an 11 percent preferred equity stake in its new NBA China subsidiary to five groups—ESPN, Bank of China, Legend Holdings, Li Ka Shing Foundation and China Merchants Investments—for $253 ...
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News briefs
A German executive based in Munich, Jens Hartmann, has replaced...
A German executive based in Munich, Jens Hartmann, has replaced a French one based in Annecy, David Picamoles, as European sales and marketing manager for the Flow brand of snowboard equipment of Pryde Group, taking care of its distributors in various countries. Picamoles has left the group. The sales in ...
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News briefs
Garry Cook has been promoted by Nike from international general...
Garry Cook has been promoted by Nike from international general manager to president of the Jordan brand, replacing Larry Miller who became president of the Portland Trail Blazers team last June. The 12-year-old Cook has been with Nike for almost 12 years. Among other tasks, he has been UK sales ...
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News briefs
Orkla, a big Norwegian investment fund that was once Helly...
Orkla, a big Norwegian investment fund that was once Helly Hansen’s major shareholder, has acquired a 5.4 percent stake in Amer Sports. The largest shareholder of the Finnish group is probably the Nordea Group, with a combined direct and indirect stake of 19.2 percent.
