All News briefs articles – Page 977
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News briefs
Berkshire Hathaway reported a 12.9 percent drop in turnover to...
Berkshire Hathaway reported a 12.9 percent drop in turnover to $3.2 billion for its “other manufacturing” segment, which includes Fruit of the Loom, Russell Athletic, Spalding and its other sporting goods units. Segment earnings were off by 39 percent to $293 million for the third quarter ended Sept. 30. Through ...
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News briefs
Quiksilver has eliminated 200 positions in California as part of...
Quiksilver has eliminated 200 positions in California as part of a previously announced restructuring. The job cuts, which occurred at the company’s Mira Loma distribution center, at its global headquarters in Huntington Beach and at offices in Vista, affected approximately 125 persons. The remaining 75 eliminations were vacant positions. This ...
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News briefs
Adidas has kicked off its marketing program around the 2010...
Adidas has kicked off its marketing program around the 2010 football World Cup with the presentation of the German national team’s jersey in Herzogenaurach last week. The team’s trainer, Joachim Löw; its captain, Michael Ballack; the German football legend Franz Beckenbauer; and Erich Stamminger, in charge of the Adidas brand, ...
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News briefs
K-Swiss’ program to repurchase up to $70 million in Class...
K-Swiss’ program to repurchase up to $70 million in Class A common stock replaces an existing 2004 authorization to purchase up to 5 million shares that expires on Dec. 31. Since August 1996, K-Swiss has spent $166.8 million to purchase 25.5 million shares of its Class A common stock. Under ...
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News briefs
The Adidas Group confirmed last week that a package of...
The Adidas Group confirmed last week that a package of convertible bonds issued in 2003 had been fully converted, generating about €400 million. The company has therefore issued nearly 15.7 million new shares, slightly diluting its 193.5 million shares outstanding before the transaction. The new shares will be entitled to ...
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News briefs
Adidas has dropped its sponsorship of the University of Central...
Adidas has dropped its sponsorship of the University of Central Florida after Marcus Jordan, son of Michael Jordan, played basketball in a pair of his father’s namesake shoes, made by Nike. The deal between Adidas and the university stated that all student athletes had to wear Adidas unless medically impossible, ...
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News briefs
Intersport Germany reports that its affiliated members have opened or...
Intersport Germany reports that its affiliated members have opened or refurbished 20 doors since September. Altogether, the group won 20 new members and 38 new points of sale during 2009. The result was some 11,000 square meters of selling surface, which has now reached a total of 900,000 square meters ...
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News briefs
Nike has appointed a new general manager for its AGS...
Nike has appointed a new general manager for its AGS operations (Austria, Germany, Switzerland) after Michaela Stitz became vice president for Central and Eastern Europe. Her successor is Carl Grebert, a former executive of Unilever and Coca-Cola, who joined Nike in 1997 to hold various marketing positions in the Swoosh ...
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News briefs
A Spanish apparel company, Spiuk, has become a sort of...
A Spanish apparel company, Spiuk, has become a sort of master licensee for La Vuelta, the major Spanish cycling race, through 2011, judging from a report in CMD. Spiuk had already become official supplier of its jerseys in 2008. The new deal entitles the company to develop other types of ...
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News briefs
Two former executives of Nike France are to appear in...
Two former executives of Nike France are to appear in a French court next year, charged with the use of false documents and complicity in setting up misleading work arrangements, as part of the investigation into financial fraud at PSG, the Paris football club, between 1998 and 2003. The two ...
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News briefs
Rossignol has assigned to IMG Licencing Worldwide the task of...
Rossignol has assigned to IMG Licencing Worldwide the task of selecting the right partners to use its brand name in various types of products such as sports shoes, sports bags and eyewear. While concentrating on its core business in winter sports equipment, Rossignol recently signed a licensing deal for apparel ...
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News briefs
Burberry has elevated its creative director, Christopher Bailey, to the...
Burberry has elevated its creative director, Christopher Bailey, to the position of chief creative officer. The promotion was described as a tribute to his strong contribution to the turnaround of the British fashion brand since he joined the company in 2001. Burberry has reported a sales increase of 6 percent ...
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News briefs
Nick McNally has been named new marketing director for Callaway...
Nick McNally has been named new marketing director for Callaway Golf Company’s Europe, Middle East and Africa (EMEA) region. He comes from Nestlé Purina, where he was European marketing manager. He was also a brand manager for Procter & Gamble in the U.K.
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News briefs
This year’s Bike Motion Benelux, the trade show held Oct....
This year’s Bike Motion Benelux, the trade show held Oct. 30 to Nov. 2, brought in record participants, with visitors up by 20 percent to 29,942. Organizers had to expand the location of the show by 6,000 square meters (to 32,500 square meters) as the number of exhibitors rose from ...
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News briefs
The net sales of the Björn Borg group fell by...
The net sales of the Björn Borg group fell by 3 percent to 155.2 million Swedish kronor (€15.2m-$22.7m) for the period ended Sept. 30. Brand sales rose by 1 percent to SEK 566 million (€55.6m-$82.9m). Net income fell by 20 percent to SEK 30.1 million (€3.0m-$4.4m). The company said it ...
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News briefs
The New Wave Group’s sports and leisure business held up...
The New Wave Group’s sports and leisure business held up relatively well in the third quarter, with a sales decline of just 2 percent to 499 million Swedish kronor (€49.0m-$73.1m). Craft, the Swedish brand of outdoor apparel owned by New Wave, continued to expand, but the sports and leisure unit ...
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News briefs
TGI, the second-largest buying group for golf pro shops in...
TGI, the second-largest buying group for golf pro shops in the United Kingdom, has teamed up with the Professional Golfers’ Association (PGA) to expand its annual trade show in Harrogate. From next year, its house fair will be open to more than 6,000 PGA members from across Europe, enabling them ...
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News briefs
Charlie Casson, one of the four founders of Premium Golf...
Charlie Casson, one of the four founders of Premium Golf Brands of Ireland, has been named joint managing director, sharing duties with Grahame Jenkins. Casson will manage several key relationships for the company, while continuing to oversee design for Calvin Klein Golf, Dwyers & Company and Green Lamb. Jenkins will ...
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News briefs
Runner’s World’s Winter Shoe Guide (December issue) cites several shoes...
Runner’s World’s Winter Shoe Guide (December issue) cites several shoes as being outstanding. Asics’ Gel-Kayano 15 was honored as international shoe of the year, the second year in a row that it has taken this top award. The company’s GT-2150 was named editor’s choice, and the GEL-1150 was “best buy.” ...
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News briefs
Kirk Richardson is replacing the co-founder of Mountain Hardwear, Mike...
Kirk Richardson is replacing the co-founder of Mountain Hardwear, Mike Wallenfels, in his position as president. Richardson has been in Columbia Sportswear’s footwear division for nearly a year after a stint as president of Keen Footwear and a 27-year career at Nike. Wallenfels left the company to be chief executive ...
