All News briefs articles – Page 941
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News briefs
The rescue of Karstadt is coming nearer, according to Handelsblatt,...
The rescue of Karstadt is coming nearer, according to Handelsblatt, following a positive meeting in London between its potential new controlling shareholder, Nicolas Berggruen, and officials of Highstreet, the consortium that owns 75 percent of Karstadt’s real estate. According to the latest reports, Berggruen insisted for an extra €230 million ...
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News briefs
Hilde Midthjell, the sharp Norwegian businesswoman who acquired a majority...
Hilde Midthjell, the sharp Norwegian businesswoman who acquired a majority stake in Dale of Norway in April, predicts that the Norwegian brand should end this year with a stronger sales rise and profits than in the previous years, partly based on strong pre-orders. While several models of pull-overs did well, ...
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News briefs
Marcos Garzo has been appointed to act as the new...
Marcos Garzo has been appointed to act as the new general manager of Nike Iberia from Aug. 1, covering Spain and Portugal, replacing Carlos Homedes who is set to move to Beaverton in August to run the brand’s global football business. Nike points out that Garzo has held a range ...
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News briefs
Adidas has appointed Dirk Schönberger as creative director of the...
Adidas has appointed Dirk Schönberger as creative director of the Adidas Sport Style Division, to provide the creative impetus for Y-3, Adidas Originals, Adidas SLVR, Porsche Design Sport and Neo. The latter is the new name given to Style Essentials, a more affordable version of Adidas Originals. Schönberger is a ...
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News briefs
Two more individuals have been handed judgments in the Adidas-Reebok...
Two more individuals have been handed judgments in the Adidas-Reebok insider trading case of 2004. Convicted former Goldman Sachs analyst David Pajcin, whose current whereabouts are currently unknown, was ordered to pay almost $28 million in civil penalties and fees. Also, another, New York dancer Monica Vujovic, who allegedly allowed ...
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News briefs
Just over one month after his appointment as manager of...
Just over one month after his appointment as manager of Sport 2000 in the Netherlands, Bertil van der Sluis is moving on again. Van der Sluis joined Euretco, the Dutch buying group, in the middle of May, but during his trial period he apparently came to the conclusion that the ...
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News briefs
After more than five months of discussions, it was reported...
After more than five months of discussions, it was reported in Spain that an arbitration committee had ruled in favor of Puma in its dispute with Estudio 2000, its long-time licensee in Spain. As Puma saw it, the license was meant to expire at the beginning of this year, therefore ...
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News briefs
Nike, along with Arsene Wenger, the manager of Arsenal F.C.,...
Nike, along with Arsene Wenger, the manager of Arsenal F.C., has launched this year’s global search for football players called “The Chance.” The program gives players who don’t have contracts and aren’t affiliated with professional clubs the chance to win a spot at the Nike Academy, a high-performance training club ...
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News briefs
The American bike company Trek has discontinued the Gary Fisher...
The American bike company Trek has discontinued the Gary Fisher brand, effective immediately, saying it was no longer profitable. It was part of the high-end segment, which Trek said is too small to compensate for the costs involved. Retailers have been calling for more Trek 29-inch and Dual Sports models. ...
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News briefs
Verdict Research, the retail analysis firm, has estimated that people...
Verdict Research, the retail analysis firm, has estimated that people in the U.K. would spend £1.3 billion (€1.6bn-$1.9bn) in retail stores overall during the World Cup ,more than they did in the same time of year in 2009 and more than the £1.5 billion they spent during the 2006 World ...
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News briefs
World Cup fever has apparently swept through counterfeiters, as South...
World Cup fever has apparently swept through counterfeiters, as South African Revenue Services has seized more than 88 million rands’ (€9.4m-$11.6m) worth of fake goods being imported into the country since November, with that figure growing weekly. Global Brands Group, Fifa’s exclusive worldwide licensee, is working with retail, manufacturing and ...
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News briefs
Citing increased economic and political instability in Asia and Europe,...
Citing increased economic and political instability in Asia and Europe, the tentative nature of consumer spending in the U.S. and unfavorable weather conditions in many markets, Callaway Golf says the recovery of the golf market will be slower than it had expected. The management says its results will show less ...
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News briefs
Asics has opened a new running store next to the...
Asics has opened a new running store next to the entrance to Amsterdam’s Vondelpark, the premier spot for running in the city. It will cover 550 square meters and show off the brand’s whole running collection, plus select products from other sports. Its biomechanical analysis system will make its European ...
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News briefs
A German industry veteran, Roland Wagner, has been assigned the...
A German industry veteran, Roland Wagner, has been assigned the job of selling MGM Trezeta’s line of Fila inline skates and ice skates in Germany through his distribution company, Sport Outsourcing (SO), which also handles brands such as Elan, Alpina and Original Buff. Fila skates were previously sold in Germany ...
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News briefs
The Lawn Tennis Association has a new three-year partnership deal...
The Lawn Tennis Association has a new three-year partnership deal with Babolat, which will provide technical and product support as well as stringing for the whole organization. Babolat’s Team ball will be the official ball of the LTA. The British association did not have a sponsor previously.
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News briefs
Halfords Group, the British retailer of cycling and automotive products,...
Halfords Group, the British retailer of cycling and automotive products, reports a strong year ended April 2, with sales up by 4.6 percent to £831.6 million (€1,010m-$1,244m) and growth in comparable store sales of 0.7 percent. The operating profit rose by 17.5 percent to £119.7 million (€145.4m-$179.1m).
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News briefs
Gaastra Sportswear has taken back its footwear license from Footex,...
Gaastra Sportswear has taken back its footwear license from Footex, starting in January 2011. The Dutch brand’s new footwear project is led by Mark van der Wal, a former European product and marketing director of K-Swiss. Product development and sourcing will be handled by Charles Vierling, who has worked in ...
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News briefs
A French investment fund, Rhône, is going to become Quiksilver’s...
A French investment fund, Rhône, is going to become Quiksilver’s biggest single shareholder through an equity-debt swap negotiated at price of $4.50 a share, very similar to the closing price of $4.47 on the stock exchange prior to the announcement of the deal. Rhône, a major lender to the group, ...
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News briefs
Lisa Thompson, a long-term employee of Icebreaker, has been promoted...
Lisa Thompson, a long-term employee of Icebreaker, has been promoted to be president of the New Zealand company’s U.S. operations. She had been vice president for sales in the U.S. since January; she started with the company in 1999 as receptionist and office manager. Justin Watkins will step into her ...
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News briefs
ZEG, the Germany-based bicycle buying group, has reported that sales...
ZEG, the Germany-based bicycle buying group, has reported that sales grew by 10.8 percent to €393 million in 2009 as more and more people are concerned about environmental issues. ZEG is made up of more than 900 independent bike dealers throughout Europe.
