All Sporting Goods Intelligence articles in Volume 31, Issue 35+36
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PDF NewsletterSGI Europe Executive Edition: Vol 31 - 35+36
Sports stocks rose by 10.8% in Q3 | Nike’s shares surge on strong Q1 | Intersport works with 11teamsports | More funding for fitness start-ups | Anta’s president will run Amer | Rossignol and Fischer restructure | Vulcabras concentrates on sports shoes | A new French plant for sports shoes | Slinger Bag teams up with Dunlop | Call for sports recovery plan in the U.K. | New concession by Google on Fitbit | Bob Gore passes away
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CORPORATE
+++ Calida Holding , which already owns 93.5% of the Lafuma Group ’s shares, wants to redeem all the others for €8.2 million, offering a premium of 5.7% on the share price +++ Anta Sports Products has one five prizes in this year’s Investor Relations Awards in Hong ...
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RETAIL
+++ Burton Snowboards’ first Scandinavian store has opened in Stockholm, taking the place of a former bike and coffee shop at Norrlandsgatan 20 +++ Oct. 16 is the date set for the opening Goldwin’s first European flagship store in Munich’s Schäfferhof +++ Canada Goose is set to open its first ...
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MARKETING
+++ Birken has signed a cooperation agreement through 2025 with Salomon for its participation in the Birke n Ski Festival and the promotion of cross-country skiing in Norway and a three-year agreement with Ramo , the Norwegian distributor of Scott Sports , for its involvement in the ...
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E-COMMERCE
+++ NK , the traditional department store in Stockholm, is moving into e-commerce, starting with a selection of sports products +
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PRODUCT
+++ Puma is launching a new line of sustainable footwear, apparel and accessories “For the World” in association with a streetwear brand, The Hundreds +++ Lululemon has started offering larger sizes for six top styles of garments +++ Billabong has introduced a line of wetsuits for men ...
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EXECUTIVE CHANGES
+++ Armin Landgraf , who joined Canyon at the beginning of 2019, after running the bike business of Pon , has been made chief executive of the German bike firm, succeeding its founder, Roman Arnold , as the company boasts a 30% sales increase to €400 million for the ...
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OBITUARY
+++ Keith Hufnagel, the legendary skateboarder who founded the eponymous streetwear company Huf Worldwide , in 2002, died of brain cancer a few days at the age of 46 +++
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ArticleSports stocks rose by 10.8% in Q3
The sporting goods sector confirmed its resilience in the third quarter of 2020 with an average increase of 10.8 percent in the public companies’ share price between June 30 and Sept. 30. Comparatively, two relatively bullish American indexes, the Dow Jones 30 and the S&P 500, posted gains of only ...
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News briefs
Reebok appoints new VP of creative direction
Reebok has appointed Kerby Jean-Raymond, a Haitian-American fashion designer, to the position of vice president of creative direction, in replacement of Karen Reuther. He will be working with the product, global marketing and development teams. He will also join Reebok’s senior management, which reports to the brand’s president, Matt O’Toole. ...
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News briefs
New lease on life for Karstadt Sports' parent
A local court has lifted Galeria Karstadt Kaufhof’s protection from its creditors, which it had granted in April to the Austrian-owned operator of the Karstadt Sports chain and the Galeria Kaufhof and Karstadt department stores. The move follows a recent settlement with the group’s creditors and the renegotiation of leases ...
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News briefs
Johnston & Murphy returns to golf
Johnston & Murphy, the American brand of men’s shoes owned by Genesco, is launching its first line of golf shoes in nearly 20 years, capitalizing on the rising popularity of golf because of the corona pandemic. The new collection is made up of hybrid golf shoes that can also be ...
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News briefs
Dainese buys TCX
The Dainese Group has announced its takeover of TCX, a well-known Italian brand of motorcycle shoes and boots that can be worn for racing, off-road, urban and leisure purposes, based in Montebelluna. The acquisition will further strengthen the position of the Dainese and AGV brands in the footwear sector. TCX ...
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Article
Adidas completes green bond offer
Adidas has announced the successful placement of its first sustainability bond, whose offer was more than five times oversubscribed. The €500 million bond carries a 0.00 percent coupon and has a duration of eight years. It is divided into five equal tranches and will be listed on the Luxembourg Stock ...
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Article
Google ready for new concessions to take over Fitbit
Google has agreed to allow other makers of wearables to easily connect to its Android platform and its application programming interface (API) as a new condition for the European Commission’s anti-trust body’s endorsement of its planned $2.1 billion acquisition of Fitbit, according to Reuters. According to Bloomberg, it has also ...
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ArticleStefan Rainer becomes Oberalp’s CSO
Justifying the introduction of a new sales structure with a shift to a “channel-driven approach” rather than a geographical basis under the management of Christoph Engl, the Oberalp Group has announced that Stefan Rainer will become its chief sales office on Oct. 1. Rainer, who has been the general manager ...
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News briefs
Himaraya books a loss, citing the Olympics’ cancellation
The postponement of the Tokyo 2020 Olympics and the cancellation of many other sports events weighed on Himaraya’s performance. The Japanese sporting goods retailer ended with a loss of 789 million yen (€6.3m-$7.3m) in the fiscal year ended on Aug. 31, compared with a net profit of ¥587 million for ...
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Article
Anta’s president will run Amer Sports
Jie (James) Zheng, executive director and president of Anta Sports Products, is taking over the responsibilities of Heikki Takala, who has decided to resign from his role as president and chief executive of Amer Sports after ten years in the position. Takala, a former commercial director of Procter & Gamble, ...
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News briefs
Save the Duck opens its second Milan store
Known for outerwear made exclusively with animal-free and “cruelty-free” materials, Save the Duck was,in June of last year, the first Italian fashion company to receive B Corp certification for the sustainability of its products and processes. In contrast with Moncler or Canada Goose, it produces its stylish jackets and parkas ...
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News briefs
Two Norwegian distributors join forces
Spex Holding is acquiring all the shares of two Norwegian wholesale distribution companies, Beach Mountain and Response Nordic. As reported by the Norwegian Sports Industry Association, Invest42, until now the sole owner of Beach Mountain, is becoming a co-owner of Spex. Both Beach Mountain and Response Nordic, which is already ...
