All Sporting Goods Intelligence articles in Volume 25, Issue 24-25 – Page 2
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Article
Brunswick cashes out of bowling
Brunswick Corporation has agreed to sell its 85 bowling centers in the U.S. and Canada to Bowlmor AMF for $270 million. The company had already divested its European retail centers last year. Brunswick has also hired Lazard to find a suitable buyer for its strong and profitable global bowling products ...
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News briefs
Invista has introduced a new blend of Cordura nylon fiber...
Invista has introduced a new blend of Cordura nylon fiber and natural sheep wool fiber. Called the Wool Collection, the new hybrid fiber is a response to rising consumer demand for natural-feeling textiles that can keep the functional characteristics of synthetics. Chia Her is one of the first users of ...
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News briefs
Bondholders of Mitteldeutsche Fahrradwerke (Mifa), the largest bike manufacturer in...
Bondholders of Mitteldeutsche Fahrradwerke (Mifa), the largest bike manufacturer in Germany, have agreed to delay payment of interest on their bonds, originally scheduled for Aug. 12, until the presentation of a new business plan at end of October. They have appointed a Munich-based consultant, One Square Advisory Services, to negotiate ...
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News briefs
Luca Bettini, chief executive of Tecnocomponenti, has been elected president...
Luca Bettini, chief executive of Tecnocomponenti, has been elected president of Assofitness, the fitness section of Assosport, Italy's sporting goods industry association. He takes the place of the outgoing president, Deolo Falcone, for the next two years. One of its goals is to stimulate the internationalization of the sector, organizing ...
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Short stops
Spalding will be the official supplier of balls for England...
Spalding will be the official supplier of balls for England Basktball during the next season
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Article
SDI buys golf and fitness assets
Sports Direct International (SDI) is continuing to invest in various sports categories through acquisitions as well as partnerships. The leading British sports retailer has just bought a unspecified stake in Direct Golf UK, a leading British golf retailer, which should help to fund its expansion into Europe. John Andrew, a ...
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Article
Shoes and international pull Under Armour
Largely exceeding expectations, Under Armour announced a 34.1 percent jump in its revenues to $609.7 million for the second quarter, leading the management to forecast an increase of between 28 and 29 percent for the full year to a range of $2.98 billion to $3.0 billion.Operating income is projected to ...
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News briefs
Halti, the Finnish winter sports and outdoor apparel brand, has...
Halti, the Finnish winter sports and outdoor apparel brand, has just completed a strategic review after the arrival of a new chief executive, Jukka-Pekka Vuori, earlier this year. Vuori was previously the chief marketing officer at Fonecta, a Finnish company specialized in media. He replaced Martti Uusitalo, who remains one ...
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Short stops
Reebok will sponsor a well-known UFC lightweight champion, Anthony “ShowTime”...
Reebok will sponsor a well-known UFC lightweight champion, Anthony “ShowTime” Pettis
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News briefs
Black Diamond Equipment has announced the completion of its sale...
Black Diamond Equipment has announced the completion of its sale of Gregory Mountain Products to Samsonite for $84.1 million. The company has used $26.7 million out of the net proceeds of $68.4 million to pay off its credit facility. Knowledgeable officials have indicated to us that this is unlikely to ...
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Short stops
Columbia Sportswear has announced a two-for-one stock split
Columbia Sportswear has announced a two-for-one stock split
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News briefs
Mitre Sports has announced the launch of Mitre Star, a...
Mitre Sports has announced the launch of Mitre Star, a new online hub developed for 5-a-side and 7-a-side football players and teams, offering expert advice in the four areas of tactics, technique, fitness and nutrition. The online content, which was developed with key influencers such as FourFourTwo and nutritionist Ben ...
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Article
Skechers surprises analysts
On average, financial analysts were anticipating a turnover of $508 million for the second quarter, but Skechers USA reported sales of $587.1 million for the period, up by 37.1 percent from the year-ago period. Net earnings beat their most optimistic projections by a long shot, recording a jump of 439 ...
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Article
Amer starts ball sports restructuring
Amer Sports, the multi-brand Finnish sports company, said it was starting the second part of its restructuring measures by easing the turnaround of its ball sports business and putting more resources behind strategic categories such as apparel and footwear, own retail sales and digital products.The company said that the measures ...
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News briefs
Armin Weber has been appointed marketing manager of Amer Sports...
Armin Weber has been appointed marketing manager of Amer Sports for Central Europe, concentrating on digital marketing for the various brands of the group. He has taken the place of Stephan Hagenbusch, who recently became European marketing manager of Black Diamond. Weber had previously handled similar functions at Quiksilver Europe.
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News briefs
Base-Detallsport, the second-largest Spanish buying group, is inviting all the...
Base-Detallsport, the second-largest Spanish buying group, is inviting all the members of a regional splinter group, Giro 180, to rejoin the cooperative, which is said to be holding discussions with another buying group, Twinner. At the same time, Base is reportedly discussing a possible cooperation in purchasing with Intersport España. ...
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News briefs
Exceed Company has once again announced a postponement of the...
Exceed Company has once again announced a postponement of the extraordinary shareholders' meeting to vote on a merger agreement that would lead to its chairman and chief executive, Shuipan Lin, taking over 64 percent control of the company, which trades in China under the Xidelong brand. First proposed last Dec. ...
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Short stops
Tecnica Blizzard is again an official supplier to the U.S....
Tecnica Blizzard is again an official supplier to the U.S. Ski Team Equipment Pool
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Short stops
Afydad, the Spanish sporting goods industry association, is organizing...
Afydad, the Spanish sporting goods industry association, is organizing a trade mission to Morocco from Oct. 26 to 31
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Article
Adidas cuts targets
Uncertainties in Russia and the weakness of the golf market prompted the Adidas Group to issue a profit warning today and to postpone the delivery of the targets set out in its Route 2015 plan. The company said this strategic decision will be accompanied by investments and other measures to ...
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