All News briefs articles – Page 805
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News briefs
The Chinese sporting goods market should grow by nearly 13...
The Chinese sporting goods market should grow by nearly 13 percent this year to reach a level estimated at 135 billion yuan renmimbi (€16.54bn-$21.29bn), according to the Yano Research Institute. The Japanese market research firm said that health-conscious members of China's white-collar working class in their 20s and 30s continue ...
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News briefs
Indian newspapers have reported that more than 150 retail franchisees...
Indian newspapers have reported that more than 150 retail franchisees running Reebok mono-brand stores in India held a virulent demonstration in New Delhi earlier this monthy. They vented their anger about the measures taken by the Adidas Group to alter its relationship with Reebok franchises, which should lead to a ...
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News briefs
Patrick Baboin, a 16-year veteran of Timberland, is retiring at...
Patrick Baboin, a 16-year veteran of Timberland, is retiring at the end of this month as part of a reorganization of the management. Aged 62, he plans to continue to be involved in the sporting goods and outdoor sector as a consultant. As general manager of Timberland's French subsidiary, he ...
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An estimated 19 percent of the youngsters in the four...
An estimated 19 percent of the youngsters in the four major European countries buy clothing in sporting goods stores frequently, while 49 percent visit them from time to time, and 28 percent never do, according to a survey commissioned by the Institut Français de la Mode (French Fashion Institute or ...
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News briefs
Items signed by 20 sports champions are being auctioned online...
Items signed by 20 sports champions are being auctioned online on eBay as of Sept. 24: The objective of the Italian “Dote in Movimento” project (“Dowry in Motion”) is to encourage physical activity among children by supporting the costs that families face to enroll their children in sports clubs. The ...
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The 2012 edition of Interbike, the largest bicycle industry trade...
The 2012 edition of Interbike, the largest bicycle industry trade show in North America, marked a significant increase over 2011. Total attendance for the event, which took place in Boulder City, Nevada, and Las Vegas between Sept.16 and Sept. 20, was up from the previous year by about 10 percent ...
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News briefs
Niketown Berlin will close in summer 2013. The 3,500-square-meter megastore,...
Niketown Berlin will close in summer 2013. The 3,500-square-meter megastore, located in Tauentzienstrasse, was inaugurated in 1999 and was the first of that kind in Europe. Nike has 10 similar megastores around the world but London will be the only remaining Niketown in Europe after the closing of Berlin. It ...
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Manchester United's income fell by 3.3 percent to £320.3 million...
Manchester United's income fell by 3.3 percent to £320.3 million (€401.9m-$519.8m) for the year ending June 30, mainly due to the team's failure to emerge from the group stage of last season's Champions League and a disappointing FA Cup challenge, which ended in the fourth round and resulted in reduced ...
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Wolverine Worldwide plans to offer $375 million worth of senior...
Wolverine Worldwide plans to offer $375 million worth of senior notes to be due in 2020. The proceeds from the offering will go toward the company's acquisition of the Performance + Lifestyle Group of Collective Brands; repaying and ending its existing revolving credit facility; repaying some of Collective's debts; and ...
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News briefs
Jarden Corporation took in about $487 million after fees and...
Jarden Corporation took in about $487 million after fees and expenses from its recent sale of new senior subordinated convertible notes, which are due in 2018. The initial issuance was for $450 million, but institutional investors fully exercised the option to buy another $50 million in convertible notes from Jarden. ...
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News briefs
Christophe Rouille, 49, was appointed managing director of Life Fitness...
Christophe Rouille, 49, was appointed managing director of Life Fitness for Latin America, Brazil and the Caribbean a few weeks ago. After working for Cybex International in North America and Europe, and after a brief stint with Oakley, the French executive joined Life Fitness in 1998 to supervise its distributors ...
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Fila has set out plans to open 60 more stores...
Fila has set out plans to open 60 more stores in India with its local licensing partner Cravatex by the end of 2014, adding to its current 40 stores in the country. The Italian sportswear brand is willing to capitalize on Adidas' decision to reduce its Reebok stores in India ...
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News briefs
The board of Nike has approved a new four-year, $8...
The board of Nike has approved a new four-year, $8 billion program to repurchase shares of the company's Class B common stock. This new program will start sometime during the second quarter the 2013 fiscal year, once the current $5 billion share repurchase program is completed. The stock buybacks will ...
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News briefs
Abacus Sportswear has appointed Henrik Bergqvist to be its new...
Abacus Sportswear has appointed Henrik Bergqvist to be its new managing director and sales manager. A former golf pro, Bergqvist attended Stockholm's School of Economics with a focus on business development and was then marketing manager at Golf Digest, client manager at IMG, and managing director at PGA Event & ...
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Richemont has acquired Peter Millar from majority stakeholder Winona Capital...
Richemont has acquired Peter Millar from majority stakeholder Winona Capital Management, the U.S. private equity group that acquired a controlling stake in the company in April 2009. Richemont, headquartered in Geneva, already holds a collection of luxury brands including Alfred Dunhill, Cartier, Van Cleef & Arpels, Mont Blanc and others. ...
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Glissexpo, the newly resurrected action and board sports fair on...
Glissexpo, the newly resurrected action and board sports fair on the French Basque Coast, has enlarged the professional and public sections of the show, due to take place at Seignosse from Sept. 30 to Oct. 2. The number of exhibiting brands has grown by 30 percent to almost 300, compared with ...
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Bright, the action sports and streetwear fair in Berlin, moves...
Bright, the action sports and streetwear fair in Berlin, moves to a new location in the city. The fair will be held on Jan. 16-18 at the old mint of East Germany in Berlin Mitte. The move to Berlin Mitte was arranged in order to gain more visitors, as the ...
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After its painful split with the French football team, Adidas...
After its painful split with the French football team, Adidas has lost another French partner of four decades as the country's athletics federation switched to Asics. The Japanese brand is to provide outfits for French track and field athletes for four years from the start of January in all international ...
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Mectex has become part of Adler Group, the Italian-based multinational...
Mectex has become part of Adler Group, the Italian-based multinational run by Paolo Scudieri with 59 factories in 18 countries. Mectex, an Italian company that manufactures gripper-loom-woven, waterproof and breathable plasma-treated fabrics, widely used in sports, will continue to be located in Erba, near Como, Italy.
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News briefs
Black Diamond Inc. has agreed to buy Pieps, an Austrian...
Black Diamond Inc. has agreed to buy Pieps, an Austrian brand of alpine safety equipment, at a price of €8.0 million in cash. The deal also calls for the American company to assume debts worth €2.1 million, and to make extra payments of up to €2.3 million if Pieps reaches ...
