All Sporting Goods Intelligence articles in Volume 23, Issue 40-41 – Page 3
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Short stops
Kyle B. Wescoat as been appointed senior vice president and...
Kyle B. Wescoat as been appointed senior vice president and chief financial officer of Skullcandy
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News briefs
Apparently as the first company within the outdoor industry, Jack...
Apparently as the first company within the outdoor industry, Jack Wolfskin has agreed to join the “Zero Discharge of Hazardous Chemicals” project. In the framework of the program, a member company is required to follow a special collective roadmap for sustainability from now until the year 2020. The to-do list requires ...
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News briefs
El Corte Inglés will join the AMS Sourcing buying group...
El Corte Inglés will join the AMS Sourcing buying group starting Jan. 1. The Dutch buying group currently encompasses 13 other retail members, including Ahold, Delhaize Group, Esselunga, Jerónimo Martins and Morrisons, in 28 European countries. With this decision, El Corte Inglés aims at getting better buying conditions for both ...
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News briefs
The Department of Industrial Policy & Promotion of the Indian...
The Department of Industrial Policy & Promotion of the Indian government has issued a formal notification to implement the reform of the country's legislation on foreign direct investment, in spite of strong opposition. As previously reported, the reform allows foreign companies to own a share of 51 percent in multi-brand ...
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News briefs
Conte of Florence has signed an agreement to lease out...
Conte of Florence has signed an agreement to lease out 42 of its stores. The Italian brand, which celebrates its 60th anniversary this year, is undergoing a restructuring plan due to the difficult economic situation. After reducing its share capital by 50 percent last June, it is now closing 14 ...
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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 ...
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Article
JJB goes into pre-pack administration
Trading in the shares of JJB Sports, the beleaguered British sports retailer, was suspended on the London Stock Exchange at the start of this week as the company moved toward pre-pack administration, a form of bankruptcy that makes it easier to sell off specific assets of a company.Among the companies ...
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News briefs
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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Article
Nike wins first round against Adidas over its Flyknit shoe
Nike has won a temporary injunction against Adidas' new Adizero Primeknit shoe in a Nuremberg court, based on a claim that it infringes on the patents covering its own lightweight Flyknit technology, which makes the upper look like a single piece.A spokesperson for Nike said the ban applies to the ...
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Article
Targets slashed for Reebok, raised for Adidas
The Adidas Group has slashed its sales target for the Reebok brand, it was revealed at an investor day held last week in Carlsbad, at the head office of TaylorMade-Adidas Golf. The company reiterated its target for the entire group to reach sales of €17 billion by 2015, but with ...
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News briefs
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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News briefs
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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News briefs
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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News briefs
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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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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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
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
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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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
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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