All Sporting Goods Intelligence articles in Volume 27, Issue 29-30 – Page 4
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News briefs
Callaway Golf has announced the acquisition of Toulon Design, a...
Callaway Golf has announced the acquisition of Toulon Design, a California-based milled putter company specializing in performance-driven design and customization. The terms of the agreement were not disclosed. Sean Toulon, the company's co-founder, will join Callaway as senior vice president of Callaway Golf and general manager of the Odyssey brand.
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News briefs
Speedo has announced on its Twitter account @SpeedoUSA that it...
Speedo has announced on its Twitter account @SpeedoUSA that it will no longer sponsor Ryan Lochte. During his recent participation in the Rio 2016 Olympics, the 32-year-old U.S. swimmer reported that he and three teammates were held up by armed robbers at a gas station after a night of partying, ...
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News briefs
Skullcandy's board of directors has finally accepted a takeover bid...
Skullcandy's board of directors has finally accepted a takeover bid by Mill Road Capital that values the headphone company at $196.6 million. The deal is expected to close next month. The other bidder, Incipio, declined to make a better offer. It will leave the table with a break-up fee of ...
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News briefs
Nike leads other brands when it is about understanding how...
Nike leads other brands when it is about understanding how consumers manage their social lives in the digital age, according to Vivaldi's 2016 Social Currency study. The consulting firm introduced the term “Social Currency” in 2010 as a measure of the brands' ability to fit into how consumers manage their ...
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Article
New CEO for 8848 Altitude
After leaving Craft last spring, Jonas Peterson will now step in as chief executive of another Swedish, company, 8848 Altitude. Peterson has been CEO of both Cross Sportswear and Craft where he received international experience that this supplier of ski, outdoor and bike clothing was looking for.Peterson's task, in ...
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News briefs
Eurobike suffered a 7 percent drop in the total number...
Eurobike suffered a 7 percent drop in the total number of daily visits by professionals, down to 42,720, at its 25th edition held in Friedrichshafen last month. A stronger decline was recorded among German trade visitors. The number of daily visits by consumers grew by 14,000 to 34,400 because of ...
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News briefs
An indirectly owned subsidiary of 361°, Sanliuyidu Xiamen, has acquired...
An indirectly owned subsidiary of 361°, Sanliuyidu Xiamen, has acquired 80 percent of the shares in the e-commerce service provider of the Chinese brand for RMB 880,000 (€117,230-$131,428). The contract between the two parties was going to end, and 361° said the takeover was the most expedient way of changing ...
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Short stops
Fila has signed up a 27-year-old tennis player, Marin Cilic,...
Fila has signed up a 27-year-old tennis player, Marin Cilic, who is currently ranked 9th on the ATP World Tour
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News briefs
Björn Borg posted a 23 percent sales increase in the...
Björn Borg posted a 23 percent sales increase in the second quarter, with sales reaching 122.2 million Swedish kronor (€12.9m-$14.4m). The Swedish fashion and sportswear brand said it strengthened its position in sports and sports apparel, especially in its male target market, during the quarter. Operating profit for the period ...
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News briefs
Michael Burk has been appointed as chief executive at 21...
Michael Burk has been appointed as chief executive at 21 Sports Group, after Jörg Mayer, the founder and largest shareholder of the online sports retailer, became chairman of the supervisory board. The changes also led to the appointment of Henner Schwarz as chief financial officer and chief operating officer. Both ...
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News briefs
Garneau got the 2016 Eurobike Award for its DreamFactory program,...
Garneau got the 2016 Eurobike Award for its DreamFactory program, which allows the customization of bikes, clothing and helmets with input from the final user. He or she can pick the color of the bike and a vinyl decal for the helmet. Much of the work is conducted in North ...
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Article
Intersport Sweden posts big loss for 2015
For the 2015 fiscal year, Intersport Sweden AB has reported a loss of 96 million Swedish kronor (€10.1m-$11.4m). The 2015 fiscal year has not been the only negative year recently for Intersport Sweden. Four of the past five years have reportedly shown negative results as the chain struggled to become ...
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News briefs
Founded in 1983 in Colorado, Bula is one of the...
Founded in 1983 in Colorado, Bula is one of the largest brands of sports hats and beanies in North America and is also big in Europe. In the Nordic countries, it has been working through the Norwegian-based Active Brands group as a distributor since 1989. Now, Active Brands has bought ...
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News briefs
Wolverine Worldwide announced on Aug. 16 that it was...
Wolverine Worldwide announced on Aug. 16 that it was going to offer $250 million worth of senior notes to fund the redemption of its outstanding senior notes due 2020, which carry annual interest of 6.125 percent. The new notes have been priced with an interest rate of 5.000 percent, due ...
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News briefs
Sympatex Technologies has announced plans to introduce its first 100...
Sympatex Technologies has announced plans to introduce its first 100 percent recycled membrane. The Sympatex membrane is free from PTFE (polytetrafluoroethylene) and PFC (perfluorinated compounds), and is made of polyether-ester, which can be recycled. Over the past few years the Munich-based company has been re-using up to 15 percent of ...
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News briefs
Wolverine Worldwide will invest $1 or $2 million to expand...
Wolverine Worldwide will invest $1 or $2 million to expand its manufacturing plant in Grand Rapids, Michigan, adding 16,000 square feet of space and about two dozen new jobs by early next year. It will the first expansion in 70 years for the facility, which makes mainly shoes and boots ...
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