All News briefs articles – Page 846
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News briefs
The shareholders of Hot Tuna have approved all the resolutions...
The shareholders of Hot Tuna have approved all the resolutions presented to them, including the sale of the Hot Tuna brand name and some of its inventory to Sports Direct International for £950,000 (€1.1m-$1.5m). As a result, the British surfwear company is winding down all its operations in the U.K., ...
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News briefs
Alpargatas, the big Brazilian shoe company that owns the Havaianas...
Alpargatas, the big Brazilian shoe company that owns the Havaianas and Topper brands, is considering acquisitions abroad, according to the Bloomberg news agency. It also intends to expand into new markets in Asia and to boost its distribution operations in other countries such as the U.K. and the U.S. While ...
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News briefs
Amer Sports has been informed that Orkla of Norway has...
Amer Sports has been informed that Orkla of Norway has reduced its holdings in the Finnish group below 5 percent of the total equity, down to 3.2 percent as of Feb. 6. Orkla was previously a major investor in Viking and Helly Hansen, among other companies. The Norwegian fund bought ...
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News briefs
Amer Sports Winter and Outdoor Americas is opening the first...
Amer Sports Winter and Outdoor Americas is opening the first Salomon flagship store in the U.S. in late March. It will be located in the City Creek Shopping Center in Salt Lake City, Utah. It will sell Salomon apparel, footwear and other softgoods, but no hardgoods – customers will be ...
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News briefs
Phil Knight has declared to the U.S. Securities & Exchange...
Phil Knight has declared to the U.S. Securities & Exchange Commission that it owned 67,104,745 shares in Nike as of last Dec. 31, or 15.41 percent of its Class A and B stock. An additional 3,509,800 shares were held by his wife, by a couple of partnerships in which he ...
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News briefs
W.L. Gore & Associates says that it should be...
W.L. Gore & Associates says that it should be able to increase the percentage of Bluesign certified laminates that it offers to garment manufacturers to 50 percent within three years, up from a 20 percent ratio for those embedded in the next autumn/winter collections. It has a goal of ...
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News briefs
Schweizer & Sport und Mode's quarterly survey of Swiss sporting...
Schweizer & Sport und Mode's quarterly survey of Swiss sporting goods retailers indicates that their sales fell by between 10 and 12 percent in 2011, with footwear suffering the lowest damage. The main reasons were unseasonable weather patterns, a weak economy and the strong value of the Swiss franc. In ...
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News briefs
Andreas Kessler, the chief executive of Odlo, is resigning...
Andreas Kessler, the chief executive of Odlo, is resigning at his own request. The 48-year-old joined the Swiss company in September 2008 and was promoted to CEO effective May 2009. Kessler will leave on June 30 and told this publication that the management and the supervisory board are working on ...
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News briefs
Anxious to expand its market position in the U.K., Décathlon...
Anxious to expand its market position in the U.K., Décathlon confirms a report that it studied the possible acquisition of some of the British megastores of Best Buy, the big American specialty retailer of consumer electronics. However, another retailer, Morrisons, has bought them instead for its Kiddicare chain of children's ...
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News briefs
Unicorn, the British company specialized in cue sports, has appointed...
Unicorn, the British company specialized in cue sports, has appointed Escalade Sports to distribute its darts and dartboards in the U.S. market. Based in Indiana, Escalade is a large-scale sporting goods company selling a vast array of products for many sports, from table tennis to archery and basketball, as well ...
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News briefs
Kevin Plank, the chief executive of Under Armour, has sold...
Kevin Plank, the chief executive of Under Armour, has sold 135,000 shares in the company for $10.67 million. He still has 11.06 million shares worth about $900 million.
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News briefs
The China Leather Industry Association notes in a press release...
The China Leather Industry Association notes in a press release that national sports brands are reducing the number of new store openings and reviewing their product strategies as big international brands such as Adidas and Nike are expanding at retail into second- and third-tier cities and rural areas. For example, ...
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News briefs
The British Olympic Association (BOA) strongly played down British press...
The British Olympic Association (BOA) strongly played down British press reports that some British athletes were considering receiving their potential medals at the London Olympics barefoot. The Daily Telegraph indicated that some of the British athletes sponsored by Nike might take off their shoes before they walked to the podium ...
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News briefs
The U.K. Golf Show has moved back its dates for...
The U.K. Golf Show has moved back its dates for the 2012 event, now set for Oct. 9-11. The earlier dates mean the event won't conflict with half-term school breaks in the U.K. The show will be held at the Harrogate International Center. It is Europe's largest golf trade show ...
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News briefs
Sabotage, the Norwegian snow sports clothing brand, has become the...
Sabotage, the Norwegian snow sports clothing brand, has become the official clothing provider for the World Snowboard Championships in Oslo. According to Sportsbransjen, this is the first time a Norwegian clothing brand has sponsored such a large event, something that usually falls on larger, international firms. Sabotage is a 2-year-old ...
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News briefs
Ispo Beijing, which will be held in the Chinese capital's...
Ispo Beijing, which will be held in the Chinese capital's CNCC convention center on Feb. 22-25 next week, will attract professional retailers from China and abroad with an action sports village. More than 50 snowboard, skateboard and related brands will take part in the project, including new exhibitors such as ...
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News briefs
This spring, Stadium will enter the bicycle market with its...
This spring, Stadium will enter the bicycle market with its own line of bikes under the brand name Occano. The new bicycle line of the Swedish sporting goods retailer is composed of dirt bikes, mountain bikes, road bikes, hybrid/commuter bikes and junior bikes, and will be priced between 1,000 and ...
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News briefs
Minestone Limited, a European investment firm, has bought Marin Bikes,...
Minestone Limited, a European investment firm, has bought Marin Bikes, a privately held company. On the company's blog, Robert Buckley, the president and founder of Marin, said that the purchase would allow the bike company to invest more in product innovation, marketing and human resources. The company will still be ...
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News briefs
Björn Borg says it is gearing up to set foot...
Björn Borg says it is gearing up to set foot in China this year as it reports a 10 percent increase in net profit to 100.2 million Swedish kronor (€11.4m-$14.5m) for 2011 on flat sales of SEK 536.5 million (€61.1m-$80.2m). The apparel company, named after the famous Swedish tennis player, ...
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News briefs
The Hohenstein Institute in Bönnigheim, Germany, which opened an office...
The Hohenstein Institute in Bönnigheim, Germany, which opened an office in Hong Kong in December, is proposing two new textile products that could be useful for sports apparel. HP2G is a hybrid yarn that combines the benefits of synthetic fibers with those of wool, providing thermal insulation while wicking away ...
