All Sporting Goods Intelligence articles in Volume 30, Issue 23-24 – Page 5
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News briefs
Anta Sports Products, the new owner of Amer Sports, has...
Anta Sports Products, the new owner of Amer Sports, has denied once again allegations of falsifying its accounts. The latest claim came from a U.S.-based short seller, Muddy Waters, which said that the Chinese company had fraudulently boosted its reported profit margins through the control it has on its distributors. ...
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News briefs
Amer Sports has completed the divestment of Mavic, which is...
Amer Sports has completed the divestment of Mavic, which is now the property of a private equity firm, Regent. The sale will have no impact of Amer's results. The group's cycling business was already listed as discontinued in its financial results for 2018.
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News briefs
All Weather Sports (AWS), the parent company of Dita and...
All Weather Sports (AWS), the parent company of Dita and Nomad, has appointed Roelof de Leeuw as its new chief executive. Most recently, de Leeuw acted as managing director at Bosgroup brands such as Gant, Footwear Maruti and O'Neill footwear. He previously held management and director level positions at Simmer ...
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News briefs
Decathlon has opened its first store in Algeria. The French...
Decathlon has opened its first store in Algeria. The French sporting goods retailer was already present in the Maghreb region, with stores in Tunisia and Morocco. The new 1,850-square-meter shop, located in Algiers, at the Bab Ezzouar shopping center, was inaugurated on June 29.
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Short stops
Henri Lloyd has appointed Ben Ainslie as chief technical...
Henri Lloyd has appointed Ben Ainslie as chief technical adviser on product development and a non-executive director to its board
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News briefs
Under a previously agreed plan, Giovanni Zoppas, a former executive...
Under a previously agreed plan, Giovanni Zoppas, a former executive at Tecnica Group, will concentrate on his role as chief executive and general manager of Thélios, the joint venture officially created between the Marcolin Group and LVMH in April 2018, in which the French luxury group has a 51 percent ...
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News briefs
After a long pause, Umbro will again be the technical...
After a long pause, Umbro will again be the technical sponsor of Burnley, an English Premier League club, taking the place of Puma, which had been its sponsor since the 2010/11 season. The new contract will initially run for three years until the end of the 2021/22 season. No figures ...
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Article
Nike and Adidas pull back products and ads
The use of social networks and artificial intelligence can be tricky at times. Adidas suffered an embarrassing problem on July 1 with a Twitter campaign launched to promote its new jersey for the English Arsenal football team. It was hijacked by several users who twisted their Twitter handles to send ...
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Article
Silhouette launches its own sports eyewear line as Marcolin takes over its Adidas license
The Marcolin group announced a licensing agreement with the Adidas Group for the design, development, manufacturing and distribution of two lines of eyewear that will reach the market early next year. A spokesperson for the Italian company said that the agreement is global, but there is an apparent discrepancy about ...
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News briefs
Adidas is reinforcing its ties with the German national football...
Adidas is reinforcing its ties with the German national football team (DFB), of which it has been the sponsor for a long time. The DFB will be training for the 2020 European Football Championship (Uefa Euro 2020) at World of Sports, Adidas' headquarters in Herzogenaurach. Preceding the announcement was a ...
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News briefs
Adidas unveiled the new Adidas by Stella McCartney tennis collection...
Adidas unveiled the new Adidas by Stella McCartney tennis collection ahead of Wimbledon, the legendary tournament. This year's edition of the tournament started on July 1, and will finish on July 14. Alongside McCartney's signature design touches, the 17-piece collection uses innovative materials, such as a synthetic fiber made from ...
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Short stops
JD Sports is adding instalment payment options in the...
JD Sports is adding instalment payment options in the U.K. with Clearpay technology from Afterpay
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News briefs
Acting through an investment subsidiary called Asics Ventures, Asics Corp....
Acting through an investment subsidiary called Asics Ventures, Asics Corp. has acquired a stake in Curv Labs, a Canadian start-up whose software uses artificial intelligence vision technology to turn the cameras of mobile devices into motion capture tools. This technology allows smartphones and other devices to measure and analyze user ...
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Article
Signa adds TennisPro to a list of acquisitions
Signa Sports United, which claims to be already biggest online player in the European sports retail market, has acquired TennisPro Group, a racquet sports retailer serving mostly customers in France and southern Europe. The contracts were signed on June 25, granting Signa control of TennisPro's online retail companies and its ...
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Article
Oberalp acquires Evolv
Oberalp has announced the acquisition of Evolv, described as the first full-fledged American brand of climbing shoes, from BRS Outdoor Holdings, an investment platform of BRS & Co. The price of the acquisition was not disclosed. The brand, which generated sales of about $8 million last year, will fit neatly ...
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News briefs
KjK Sports, the investment fund that recently acquired Elan, has...
KjK Sports, the investment fund that recently acquired Elan, has signed a definitive agreement to take over Baltic Bicycle Trade, a maker of e-bikes based in Lithuania. The deal should be completed in the third quarter. The fund previously bought a 50 percent stake in an Estonian water sports company, ...
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News briefs
Active Brands has acquired the rights to Greater Than A,...
Active Brands has acquired the rights to Greater Than A, the brand of underwear and leisure clothing launched in the spring of 2018 by a Norwegian alpine ski star, Aksel Lund Svindal. The agreement takes effect on November 1, 2019. Active Brands plans to expand the range and to distribute ...
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News briefs
The world's rugged outdoor footwear market rose by 6.8 percent...
The world’s rugged outdoor footwear market rose by 6.8 percent to €5.15 billion in 2018 in terms of dollars, according to an annual survey of key vendors conducted by the Outdoor Industry Compass in collaboration with Sporting Goods Intelligence. It rose by an estimated 6.1 percent in the U.S. and ...
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News briefs
Rapala VMC Corp. has agreed to acquire a 49 percent...
Rapala VMC Corp. has agreed to acquire a 49 percent interest in DQC International Corp., known also as 13 Fishing, in exchange for at least $3.1 million in cash and 225,000 treasury shares in Rapala. The cash payment can be raised to a maximum of $5 million based on an ...
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News briefs
In 2021, online advertising will represent for the first time...
In 2021, online advertising will represent for the first time in history more than half of total ad spending. According to Zenith’s Advertising Expenditure Forecasts, web advertising will account for 52 percent of global ad spending, as compared to 44 percent in 2018 and a projected 47 percent in 2019. ...
