All Sporting Goods Intelligence articles in Volume 31, Issue 35+36 – Page 3
-
News briefs
New super loan leads S&P to upgrade Boardriders’ credit rating
Shortly after downgrading Boardriders’ credit rating, Standard & Poor’s upgraded it slightly from SD to CCC as the parent company of Quiksilver, Billabong, Roxy and other action sports brands completed a new transaction with its lenders. It notably obtained a “super senior term loan” that provides it with much-needed liquidity ...
-
News briefs
Asics joins renewable-energy coalition
Asics has joined RE100, an international, multi-sector coalition of companies that run or have pledged to run their business entirely on renewable energy. Asics itself hopes to draw exclusively on renewable energy in 60 percent of its “business bases” by 2030 and in all of them by 2050. It has ...
-
Article
Goat, the sneaker reseller, is valued at $1.75 billion as it raises more funds
With the resale market being as hot as ever, no doubt due partly to the increasing role that the internet is playing, the U.S.-based Goat Group closed an additional Series E funding round $100 million, saying that it was intended to accelerate its development across product categories and geographies. According ...
-
Article
Rip Curl saves Kathmandu saleswise, recovers strongly
Kathmandu Holdings scored record sales for its financial year ended on July 31 2020, boosted by the acquisition of Rip Curl during the period. The group’s revenues soared by 48.7 percent to 801.5 million New Zealand dollars (€451.6m-$526.8m), with Rip Curl accounting for 40 percent of the total turnover, but ...
-
ArticlePatagonia’s European chief will run the whole group
Ryan Gellert, an American who has been running Patagonia EMEA since the end of 2014, has been promoted to serve as chief executive of Patagonia Works, the parent company of Patagonia Inc. In addition, Jenna Johnson has been promoted from vice president of technical outdoor to a new post as ...
-
ArticleTonal, Zwift and RunMotion Coach get new financing
The growing home fitness trend inherited from coronavirus-related self-confinement measures is whetting the appetite of investors, commanding high valuations that are nourishing the most promising start-ups and pioneers in connected and personalised fitness like Peloton. More of them have been able to raise new funds after Gymshark and Wattbike. Like ...
-
Article
Fila’s net profit drops by 51%
The pandemic took its toll on the Fila Group, which saw its net income decline by 51 percent to 45,520 million Korean won (€33.3-$37.3m) during the second quarter of 2020, as revenues declined by 34.8 percent to KRW 625,011 million (€457.1-$512.1m), but the Korean-based group managed to improve the gross ...
-
Article
CODI is set to buy Boa Technology for $454 million
Compass Diversified (CODI) has entered into a definitive agreement to acquire Boa Technology, which owns the Boa Fit System for shoe fastening. The purchase price of $454 million excludes working capital and other adjustments. The deal is expected to go through in the next 45 days or so, and Boa ...
-
News briefs
WMDUK to distribute Spy+ in the U.K.
Bollé Brands has appointed VMDUK for the distribution in the U.K. of Spy+, the Californian brand of action sports sunglasses, prescription frames and winter products. Founded in 1994 in San Diego, the brand was taken over by Bollé Brands in September 2019 it was taken over by Bollé Brands, which ...
-
Article
Slinger Bag teams up with Dunlop in Europe
Slinger Bag has announced a landmark deal for its game-changing tennis ball launcher with Dunlop, appointing the Sumitomo Rubber subsidiary as its exclusive distributor for several years in France, Germany, Austria, Italy, the Benelux countries, Spain and Portugal. With this distribution contract, which will essentially double its international exposure, and ...
-
News briefsNew Tencel fibers receive CarbonNeutral certification
Under the Tencel brand, the Austrain firm Lenzing is releasing Lyocell and Modal fibers that have received CarbonNeutral® certification. In other words, they comply with the carbon-neutral protocol set up – originally in 2002 – by Natural Capital Partners. In Lenzing’s summation, “the emissions associated with the fibers’ production, manufacturing ...
-
ArticleFischer lays off 150 workers, sees possible recovery
Like Rossignol, which has just announced the elimination of 95 jobs, Fischer Sports has decided to lay off 150 workers at its Ukrainian ski factory following a drop of about 25 percent in pre-orders for the coming autumn/winter season, although the management is cautiously optimistic about the near-term future. There ...
-
News briefs
Stefan Herzog becomes president at VDS
Stefan Herzog, who has been secretary general of the German sporting goods retailers’ federation (VDS) since 2018 and president since last spring of Fedas, the European umbrella organization of the specialist sports retail trade, has moved to the top of the German association. He was appointed as VDS’ new president ...
-
News briefs
Ispo Awards to open for submissions
The 10th annual Ispo Awards will be receiving product submissions from Sept. 28 to Dec. 4. All companies in the sports industry, even non-exhibitors at the forthcoming Ispo Munich show, may submit. Those who do so by Nov. 6 will enjoy an early-bird discounted rate: €125 for exhibitors, €325 for ...
-
News briefs
Puma appoints new distribution GM for EEMEA
Puma has assigned Johan Kuhlo to a new position as general manager in charge of distribution for Eastern Europe, the Middle East and Africa (EEMEA). Kuhlo, who has been lately the company’s head of corporate strategy and investor relations, will be working out of the German company’s regional hub in ...
-
News briefs
EuroSIMA Surf Summit to be held digitally
As many other conferences, the 19th edition of the annual EuroSIMA-Surf-Summit will now be held online, due to the current contact restrictions caused by Covid-19. As originally planned, the European surf industry association will start the event on Oct. 1, but the free and interactive conferences will be spread over ...
-
News briefs
Dakine updates its Heli Pack series
Dakine is celebrating the 25th anniversary of its Heli Pack backpack by releasing a refitted, more durable iteration of the series, with recycled materials in its construction. The company describes the original backpack, released in 1996, as the “first low-volume backpack designed specifically for backcountry snowboarders and skiers.” It was ...
-
News briefs
Burton to close is U.S. HQ and stores on Election Day
Burton Snowboards will be closing its headquarters and stores in the U.S. on Election Day, which falls this year on Tuesday, Nov. 3. The company says it has been providing its American employees with time off, flexible schedules and “the resources they need” to vote in local, state and federal ...
-
News briefs
Asics starts virtual tennis coaching community
Asics EMEA has announced the launch of the Asics Tennis Academy, a virtual community platform to support tennis coaches. Experts, who according to Asics include elite coaches, strength trainers, physiotherapists and sports psychologists, will exchange customized training videos and articles to further professional training on a broad level. Research has ...
-
News briefs
Fesi co-signs joint-letters on the Digital Services Act
On Sept. 22, the European Federation of the Sporting Goods Industry (Fesi) signed two joint letters with key industry associations and brands in view of the future publication by the European Union of its planned Digital Services Act. The proposal, expected to be approved by the end of the year, ...
