All Sporting Goods Intelligence articles in Volume 30, Issue 27-28 – Page 3
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News briefs
A private investment firm, Black Rock, has agreed to put...
A private investment firm, Black Rock, has agreed to put up $875 million to buy a stake in the Authentic Sports Group (ABG), according to the Wall Street Journal, valuing the company at around $4 billion. It will apparently replace Leonard Green Partners as the largest shareholder in the American ...
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Article
Adidas and Sportmaster join forces on the Russian market
Confirming our previous report on the subject, Adidas and the biggest Russian sports retailer announced that they had signed a new partnership agreement in a joint statement on July 23. For many years, Adidas had refused to sell it products to Sportmaster, focusing instead on its own large network of ...
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News briefs
The former chief executive officer of the Adidas Group, Herbert...
The former chief executive officer of the Adidas Group, Herbert Hainer, will replace Uli Hoeness as chairman of the supervisory board of the FC Bayern Munich, the company controlling the homonymous football club, according to the business monthly Manager Magazin. Hainer, a passionate supporter of the team, in which Adidas ...
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Short stops
The supervisory board of the Adidas Group has extended the...
The supervisory board of the Adidas Group has extended the contracts of Karen Parker, the executive board member responsible for human relations, and Harm Ohlmeyer, chief financial officer, for five years to 2025
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News briefs
Skechers and Adidas have reached a settlement in their dispute...
Skechers and Adidas have reached a settlement in their dispute over footwear stripes. A filing by Skechers on July 29 at the U.S. District Court for the Central District of California asked for the dismissal without prejudice of a lawsuit brought by Adidas, which had claimed that Skechers' Goldie-Peaks shoe infringed its Three Stripes ...
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News briefs
Adidas is reportedly considering putting a deposit on sports shoes...
Adidas is reportedly considering putting a deposit on sports shoes – as in Germany's “Pfandsystem” (Pfand means “deposit”) – similar to what is often done with plastic and glass bottles. According to reports in sportstextiles.com, the brand is exploring charging a returnable deposit of €10 on a pair of shoes ...
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Article
Lower sales and profits for Acushnet
Acushnet had a disappointing second quarter, hampered by lower sales of Titlest golf clubs. The company saw its net income drop by 3.5 percent year-on-year to $38.5 million, while revenues fell by 3.3 percent to $462.2 million, or by 0.8 percent on a constant-currency basis.Although the company recorded lower sales ...
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News briefs
McDavid has expanded its commercial activities in Germany. The producer...
McDavid has expanded its commercial activities in Germany. The producer of protective sports equipment is now the official business partner of the Borussia Monchengladbach football team for the 2019/20 season. The company will supply part of the bandages to the team. Marc-André ter Stegen, goalkeeper of FC Barcelona and of ...
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News briefs
Nike has made another acquisition to boost its consumer-direct initiative....
Nike has made another acquisition to boost its consumer-direct initiative. After taking over a data analytics firm, Zodiac, and a developer of body-scanning technology, Invertex, it has acquired Celect, an American company that uses artificial intelligence to analyze retail data and predict future consumer purchases and the related allocations of ...
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Short stops
China's Xtep has closed the acquisition of K-Swiss, Palladium and...
China's Xtep has closed the acquisition of K-Swiss, Palladium and Supra from Korea's E-Land
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News briefs
Evoc Sports has acquired Tranzbag, a Swiss maker of foldable...
Evoc Sports has acquired Tranzbag, a Swiss maker of foldable bicycle transportation bags. Tranzbag was founded 25 years ago by Bendicht Luginbühl, a Bernese bike pioneer and media professional who is considered the inventor of the foldable, serially manufactured bicycle transport bag. Evoc, based in Munich, specializes in protective sports ...
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Article
Accell Group moves out of the U.S.
Completing its so-called North American strategic review, Accell Group is selling off nearly all of its loss-making U.S. operations, which it has defined as non-core. The purchasing party is Regent LP, a private-equity firm operating out of Beverly Hills, California, that previously acquired Mavic, the producer of bicycle rims owned ...
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News briefs
The Accell Group will not be taking part in this...
The Accell Group will not be taking part in this year's edition of Eurobike, the usual venue for the company's product introductions in Friedrichshafen, where it has been one of the major exhibitors. This year, for the first time, the Dutch-based group introduced its new collections directly to its dealers ...
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Article
Adidas maintains its guidance but warns about a global crisis
Commenting on the Adidas Group's latest results just after a much-criticized, temporary drop in the value of the yuan renmimbi, the company's chief executive, Kasper Rorsted, warned last Thursday that “everybody will lose” if the trade dispute between the U.S. and China escalates into a currency war, as it will ...
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News briefs
Roughly coinciding with the 70th anniversary of its foundation on...
Roughly coinciding with the 70th anniversary of its foundation on Aug. 18, 1949, Adidas celebrated the opening of its new headquarters in Herzogenaurach last Friday with the participation of some high-profile guests such as Pharrell Williams, Stan Smith, Philipp Lahm, Laura Dahlmeier and Magdalena Neuner. A daughter of the late ...
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News briefs
The Giorgio Armani group recently launched its EA7 Emporio Armani brand...
The Giorgio Armani group recently launched its EA7 Emporio Armani brand in Russia. The Italian-based company recently opened its first EA7 store in Moscow's Mega Teply Stan shopping center, which belongs to the Russian-based Ingka group, a successor company of the Ikea group. The Ingka group has 14 shopping centers in ...
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News briefs
To celebrate the 50th anniversary of Man landing on the...
To celebrate the 50th anniversary of Man landing on the moon, Puma launched a special Space Explorer Pack collection on the 20th of July. The collection, which includes three models of athletic footwear and apparel, can be purchased on Asos, at Foot Locker and on the web shop of Puma. ...
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News briefs
In response to strengthening local demand, Velomotors is investing 400...
In response to strengthening local demand, Velomotors is investing 400 million rubles (€5.5m-$6.1m) in a factory in Kransnodar Krai in the southern part of Russia with an intended production capacity of 300,000 bicycles per year. Making use of an abandoned plant, the project is important because it is the first ...
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Article
Intersport works with Amazon and SportMarken24 in Germany
Intersport Germany continues to expand the range of omni-channel services for its retail members. Most recently, the German-based retail cooperative opened new channels for targeted sales on third-party platforms.In addition to its own online platform, intersport.de, which operates out of its headquarters in Heilbronn, the company is now offering to ...
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News briefs
The Eurosima Beach Party is back for 2019 in a...
The Eurosima Beach Party is back for 2019 in a new format. It will be held on Sept. 13 on the beaches of Seignosse, France. Initially launched in 2006, this competition for surf professionals was revived under a new format in 2018, with competitors spending more time in the water ...
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