All Sporting Goods Intelligence articles in Volume 24, Issue 30-31 – Page 4
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News briefs
Look Cycle has appointed an exclusive agent, Hawkley of Lexington,...
Look Cycle has appointed an exclusive agent, Hawkley of Lexington, South Carolina, for the distribution of its entire line of bicycles, frames and pedals in the U.S. The U.S. subsidiary of the French company will streamline operations and focus on brand marketing, dealer support and warranty services.
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Article
Billabong is in play again
Financial restructuring moves led to a large loss for Billabong International in the fiscal year until the end of June, and the Australian company's board is now rethinking a rescue package approved in July, yet again considering yet again an alternative takeover offer.The net loss reached 859.5 million Australian dollars (€597.4m-$788.3m), predominantly due ...
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Article
Intersport enters Australia after its start-up in China
One more market for Intersport International Corp. (IIC): The multi-national retail organization has announced a franchising agreement with Independent Sports, the second-biggest Australian buying group in the sector. With annual retail sales of about 130 million Australian dollars (€90m-$119m), it is the fourth-largest player in the Australian sporting goods market, ...
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News briefs
After redeeming practically all its high-interest bonds, Head has announced...
After redeeming practically all its high-interest bonds, Head has announced the issuance next Sept. 26 of a new €45 million bond with a fixed annual coupon of 5.25 percent. The five-year bond will be denominated in euros and issued by HTM Sport in Switzerland. It will be listed on the ...
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Article
Sluggish Nordic markets affect New Wave’s sports brands
Weak demand in the Nordics and some other European countries hurt sales at the Sport & Leisure unit of the New Wave Group, which declined by 6.6 percent in the second quarter of 2013 to 442 million Swedish kronor (€50.5m-$66.8m). The unit includes the Craft and Cutter&Buck brands along with licenses ...
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News briefs
Adri Zwarthoff, formerly an international executive at O'Neill, has been...
Adri Zwarthoff, formerly an international executive at O'Neill, has been appointed as chief executive of X-Tend, the Dutch company that functions as the Benelux subsidiary of Craft, the sports apparel brand owned by the New Wave group in Sweden. Zwarthoff spent the last 19 years at O'Neill, where he became ...
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News briefs
The Adidas Group has picked the town of Leeds to...
The Adidas Group has picked the town of Leeds to open a regional flagship Adidas store with a wide assortment of sports and fashion ranges. The outlet of just over 600 square meters opened at the Trinity shopping center in August is the first English one outside London to feature ...
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News briefs
Décathlon, Lacoste and Adidas are – in that order –...
Décathlon, Lacoste and Adidas are – in that order – the sports brands that French people like the most, according to a study conducted by Promise Consulting in partnership with the Huffington Post. The three brands came out with shares of 36 percent, 29 percent and 26 percent, respectively, after ...
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News briefs
Adidas said that the energy efficiency program at its supplier...
Adidas said that the energy efficiency program at its supplier factories in Indonesia has proved so successful that it is considering its rollout to other countries. Launched in August 2011, in partnership with the German Organisation for International Cooperation - Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ), the project on “Greening ...
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News briefs
Foot Locker has completed its previously announced acquisition of Runners...
Foot Locker has completed its previously announced acquisition of Runners Point Group, the German-based specialty athletic retailer, with effect from July 7. With a total turnover of €197 million in 2012, the group operates a good e-commerce platform and more than 200 athletic sports stores under the Runners Point and ...
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Article
Dorel acquires Brazil's major bike firm
Dorel Industries, the Canadian group that owns bicycle brands from Cannondale to Schwinn, Mongoose and more, said it had acquired 70 percent of Caloi, the leading Brazilian bicycle maker. Caloi sells about one million bicycles in Brazil annually, amounting to an estimated 40 percent of the market in value, and ...
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News briefs
IMG Worldwide has acquired J. Patton Sports Marketing, a leading...
IMG Worldwide has acquired J. Patton Sports Marketing, a leading provider of brand protection and brand management solutions specializing in patented holographic security technologies and digital asset management. Based in the metropolitan area of Atlanta, Georgia, J. Patton develops solutions that help fight against counterfeiting, tampering and product diversions. IMG ...
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News briefs
According to its annual report, Nike made more Nike branded...
According to its annual report, Nike made more Nike branded footwear in Vietnam than in China during its latest financial year, ended last May 31. It sourced 42 percent of the volume from Vietnam as compared to 30 percent in China and 26 percent from Indonesia. The report also showed ...
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News briefs
According to SAZ, an executive of Nike is said to...
According to SAZ, an executive of Nike is said to be the leading candidate to succeed Frank Dassler of Adidas as the next president of Fesi, the European Sporting Goods Industry Federation, for the next three years. After a meeting of the organization's board of directors last week, officials of ...
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News briefs
Twinner France has signed an agreement with ABN AMRO Commercial...
Twinner France has signed an agreement with ABN AMRO Commercial Finance that will allow all the affiliated French retailers in the Twinner and Pro du Sport to benefit from centralized settlements and invoicing for their 550 shops. Twinner France had broken one year ago a similar agreement with Garant Schuh, ...
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Article
ABG buys Spyder, licences Li & Fung
Authentic Brands Group (ABG) has completed the acquisition of Spyder Active Sports, the snow-wear brand from Boulder, Colorado, for an undisclosed price, from the private equity firm Apax Partners, which had bought the brand in 2004 for about $100 million. In connection with the acquisition, ABG and LF USA, the ...
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News briefs
Shimano has introduced a new shoe, the XC90, designed for...
Shimano has introduced a new shoe, the XC90, designed for off-road riding. It has a lower profile than the M315. Spikes and blocks on the outsole are arranged in an optimal dirt-shedding pattern, and the spikes can be changed to adapt to rocky soil. The shoe uses Shimano's Dynalast technology ...
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News briefs
The Björn Borg group has reported an 8.7 percent decline...
The Björn Borg group has reported an 8.7 percent decline in net profit for the first half to SEK9.4 million (€1.1m-$1.4m). The Swedish company's sales decreased by 3 percent to SEK239.2 million (€27.5m-$36.8m), but were unchanged on a currency-neutral basis. The gross profit margin dropped slightly to 49.7 percent, as compared ...
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News briefs
The German bike industry registered a 7 percent decline in...
The German bike industry registered a 7 percent decline in domestic deliveries of new bicycles and e-bikes in the first half of 2013, mostly due to the poor spring weather, but with the good summer weather the drop is expected to be compensated for in the second half of the ...
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Short stops
Nike is opening a store of 550 square meters in...
Nike is opening a store of 550 square meters in the Berlin Mitte district and two more are said to be planned in the German capital, in the new shopping district at Leipziger Platz and in the Europa-Center at Breitscheidplatz
