All Sporting Goods Intelligence articles in Volume 22, Issue 51-52 – Page 2
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News briefs
Forum Sport, the big Spanish sporting goods retailer in which...
Forum Sport, the big Spanish sporting goods retailer in which the Eroski retail group has a stake of 86 percent, is issuing 83,194 new shares with a nominal value of €6.01 each to boost its equity by €499,995 to €27.5 million. Existing shareholders will have rights of first refusal on ...
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News briefs
Macintosh Retail Group is said to have selected three bidders,...
Macintosh Retail Group is said to have selected three bidders, including two private equity funds and the Dutch Bicycle Group, as candidates for the takeover of its Halfords operation, which includes the distribution of some 120,000 bicycles annually through the group's own 143 stores in the Netherlands and seven in ...
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News briefs
Michel Zany, president and chief executive of Cornilleau, has been...
Michel Zany, president and chief executive of Cornilleau, has been elected as the new president of Fifas, the French sporting goods industry federation. He takes the place of Claudine Reynes, former country manager of Fila in France, after many years at the helm of the organization. Zany will oversee six ...
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Article
Intersport Austria is an exception in the European landscape
Estimates for Intersport's performance in the entire European sporting goods market this year will only be available around mid-January. Sources at Intersport International Corporation indicate that European retail sales were down overall in the first 10 months of this year, and that it will be really hard to match the ...
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News briefs
Bleach Pty. of Australia is taking back in-house the distribution...
Bleach Pty. of Australia is taking back in-house the distribution of its Insight brand of surf and skate clothing in France, Spain, Portugal, Germany, Austria, Switzerland and the U.K. At the beginning of 2009, the Australian company transferred ownership of the operation to Sport Finance, the successful French licensee ...
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News briefs
Last Sunday, snowboarders around the globe celebrated World Snowboard Day....
Last Sunday, snowboarders around the globe celebrated World Snowboard Day. This year 167 events were organized in 37 countries, up from the 160 events last year. For the first time, events were held in India, Brazil and Peru. All were welcome, with lessons available for beginners as well as demonstrations, ...
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News briefs
Under Armour has signed a multi-year deal with the NBA....
Under Armour has signed a multi-year deal with the NBA. Among other benefits, it allows some of the basketball champions who endorse the brand to wear official NBA uniforms while they promote the brand's basketball shoes in promotional campaigns, advertising and in the retail stores.
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News briefs
Arnaud Ruffin has joined Invista Apparel as global marketing director...
Arnaud Ruffin has joined Invista Apparel as global marketing director for its Innerwear segment. His job will be to come up with initiatives to launch and expand programs for legwear, intimate apparel and swimwear. He comes from the specialty papers industry, with more than 13 years of experience in sales, ...
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Short stops
Helen McCluskey, who oversees Warnaco's swimwear and intimate apparel operations,...
Helen McCluskey, who oversees Warnaco's swimwear and intimate apparel operations, is going to be promoted next Feb. 1 from chief operating officer to president of the American group, replacing the retiring Joe Gromek
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Article
Li & Fung buys Hang Ten
Li & Fung, the large Hong Kong-based supply chain manager, is set to take over the Hang Ten Group, a major factor in the surf apparel market through its Hang Ten, H&T and Arnold Palmer brands. It has placed a conditional offer of 2.65 billion Hong Kong dollars (€260.9m-$340.5m) for ...
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Short stops
The Sports & Style subsidiary of Look is launching a...
The Sports & Style subsidiary of Look is launching a large line of Rossignol branded cross-country skiwear for the fall/winter 2012-13 season
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News briefs
The American Chemical Society reports that Chinese scientists have developed...
The American Chemical Society reports that Chinese scientists have developed a cotton fabric that cleans itself of stains when exposed to sunlight. This is an upgrade from similar previous fabrics, which needed to be exposed to ultraviolet rays. The new fabric is coated with nanoparticles made from a compound of ...
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Article
Amer Sports rides off with Nikita
Amer Sports is moving further into the action sports market with the acquisition of Nikita, the Icelandic brand of boardsports and lifestyle apparel focusing on women. Amer Sports is already involved in action sports through Salomon snowboards and Bonfire apparel.The move fits with the Finnish sports group's strategy to invest ...
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News briefs
Ten stores have already signed up to attend Le Snow...
Ten stores have already signed up to attend Le Snow Avant-Première, the European snowboard testing event being held Jan. 15-17 in La Clusaz, France, about 28 kilometers from Annecy. A good response has come this year from English shops, as well as from Norwegian and Swiss retailers. Numerous brands will ...
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Article
Alpargatas beats higher rubber prices
The parent company of Havaianas, Dupé, Topper, Rainha and other brands improved its net income by 7.6 percent to 87.5 million reais (€34.9m-$46.3m) in the third quarter ended Sept. 30 in spite of a 28 percent increase in the cost of rubber. In releasing Alpargatas' results for the period, the ...
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News briefs
Crocs has entered into an amended and restated credit agreement...
Crocs has entered into an amended and restated credit agreement that replaces the existing $30 million asset-backed line of credit set to expire in September 2014 with a five-year, $70 million secured revolving line of credit. Borrowings under the revolving credit facility will bear interest at variable rates, and it ...
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Article
German Intersport struggles against weather conditions
Most likely, the German Intersport organization will not repeat its record results of last year, mainly because it has been suffering from negative weather conditions most of the year. Snowfalls stopped abruptly from one day to the next in early January, spring was too warm and the autumn has been ...
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Article
Blacks in disarray after Sports Direct’s walkout
Blacks Leisure appeared to be in disarray this week after Sports Direct International (SDI), the leading British sports retailer and wholesaler, said that it would not issue a bid to acquire the debt-ridden owner of the Blacks and Millets outdoor stores. Blacks put itself up for sale earlier this month ...
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Article
Billabong shares take a battering after profit warning
Billabong International's shares took a nosedive on the Australian stock exchange this week, after the boardsports company warned that its comparable sales would decline for the six months until the end of December, and that its Ebitda would shrink by up to 26 percent for the period. Billabong shares lost ...
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Article
All systems go at Adidas Group
The American Institute for Contemporary German Studies at Johns Hopkins University in the U.S. awarded Herbert Hainer, chief executive of Adidas Group, with the Global Leadership Award a few days ago. The German executive was hailed for using sports to “bring the world together,” and credited his executive team with ...
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