Latest Headlines – Page 237
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Rossignol in talks to buy a high-end cycling brand, Time
The Rossignol Group is in exclusive talks for the acquisition of Time Sport International, an upmarket French sports bicycle supplier with a turnover of about €12 million, the French ski company announced earlier this month. Rossignol has been searching for ways to expand into summer sports equipment category for about ...
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Rossignol is launching connected skiing
Rossignol is unveiling a new app and tool for connected skiing, developed in partnership with PIQ, a specialist in components for connected sports. By inserting a PIQ sensor into the strap of a ski boot, skiers are supposed to be able immediately to keep track of their performance. The new ...
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Italy's ski equipment market inches up
Pool Sci Italia, a consortium that represents ski equipment producers in Italy, has reported slightly improved sell-in results for the 2014/15 ski season, based on data supplied by both its member companies and collaboration with non-members. During the last season, the total sell-in revenues before VAT amounted to €55,591,332, slightly ...
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Snowleader raises funds for international expansion
Snowleader, a French online retailer specializing in outdoor and winter sports products, has raised €2.5 million from existing and new shareholders. The company said the resources would support the expansion of its international sales, which make up about 12 percent of its turnover, and enable it to seize external growth ...
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Female apparel drives sportswear sales growth in the U.K.
Sportswear sales in the U.K. are expected to reach £6 billion (€8,259m-$9,025m) by the end of the year according to Key Note, a British online resource offering market and industry reports, and the anticipated growth will be driven by sales of female apparel, which rose by 11 percent in volume ...
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The winners of Ispo Brandnew 2016
This year's Overall Winner of the Ispo Brandnew awards is Icaros, a young German brand that has developed a virtual reality device for sports and entertainment which can be used during workout. An independent, international jury, mostly made of former winners and finalists, selected a group of Top 50 Newcomers ...
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Sport 2000 returnsto Italy
Sport 2000 International continues to take on board formerly affiliated buying groups in various European countries. It's now the turn of Sport Alliance International, which federates 265 sporting goods stores in Italy, plus some across the border in Austria. They will all gradually add the Sport 2000 logos to their ...
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New Intersport boss will launch TAF in Italy
Like Andrea Morino, who went to the other side of the fence to run Sport Alliance a few months ago, another Italian executive from the sporting goods industry has moved into retailing. Volfango Bondi, who spent 22 years at Nike and Puma, has been appointed general manager of Intersport Italia.Bondi, ...
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Foot Locker grows strongly in Europe
Foot Locker had a particularly strong quarter in Europe, where its sales grew by more than 15 percent overall on a comparable store basis in the period, ended Oct. 31. It was the best performance across the group, with double-digit increases in nearly all the markets and all major categories, ...
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Sport Pursuit raises funds for international expansion
Sport Pursuit, an online retailer specializing in flash sales of branded sports products, has raised £9.5 million (€13.5m-$14.3m) from three equity partners. The funds are meant to support Sport Pursuit's investments to become the leading specialist in this market across Europe. They were provided by Scottish Equity Partners, Grafton Capital and ...
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Fnac moves into the sports market
Fnac, the French retailer with international stores specializing in books, music, other entertainment and electronics, has returning to the sports market through a new category in its online marketplace, launched in October. The move could make an impact since Fnac is a strongly established retailer, with 112 stores around France ...
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Turnaround at Planet Sports under new ownership
Planet Sports is turning around with a sales increase estimated at 20 percent this year, says 21sportsgroup, which acquired the German action sports retailer in March. After flat sales in 2014, Planet Sports is targeting sales of at least €60 million for its online store and 12 stationary stores. The ...
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Findel board uneasy about SDI move
Sports Direct International (SDI) is apparently getting entangled in yet another dispute after it requested the appointment of a director at Findel, a British retail group in which SDI acquired a stake of 18.9 percent in September. The Daily Telegraph reports that Findel's board of directors has sent a fiery ...
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ZEG confirms Kettler bikes buy
ZEG, the German-based buying group for specialist bike retailers, has confirmed that it is acquiring the bicycle division of Kettler, the fitness equipment, furniture and toys supplier that went into self-administered receivership in June. The deal includes the group's assembly plant in Hanweiler, employing about 80 people who are to ...
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Nike to buy back shares worth $12 billion
Nike shares enjoyed a sharp price increase earlier this month, after the company announced a $12 billion share repurchase program for Class B common stock, along with a two-for-one stock split and an increase in quarterly dividend. At the current valuation, the huge repurchase means that Nike will be buying ...
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Adidas projects buoyant football sales
Instead of the usual glitz and football stars on a podium, the Adidas ball for the group stages of the European championship finals in 2016 was unveiled by Zinedine Zidane on his Instagram account earlier this month. The blue, white and red color design of the Beau Jeu is reminiscent ...
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Adidas CEO suggests Fifa reforms
Herbert Hainer, the Adidas Group's chief executive, suggested to Wirtschaftswoche earlier this month that Fifa ought to set limits to the age and terms of the Fifa president. He added that the global football organization's president should be more like a chief executive, operating under a supervisory board.It was the ...
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Coe relinquishes Nike ambassador deal
Sebastian Coe, president of the International Association of Athletics Federations (IAAF), has relinquished his deal as a Nike ambassador, after increasing unrest over what some critics have described as a potential conflict of interests. At a conference in Monaco on Thursday, Coe denied any such issues but admitted that the ...
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New major shareholder for Alpargatas
The Batista family, which owns JBS, the world's largest tanner and meat processing company, has become the largest shareholder of Alpargatas, parent company of Havaianas and the licensee for Mizuno and Timberland in Brazil. The Batista family, whose assets have an estimated net worth of $5 billion, has agreed to ...
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New Balance to launch 3D-printed running shoe in April 2016
The sport footwear industry's abundant investments in 3D printing are set to take shape in the market: After a spate of footwear design and manufacturing innovations announced by Nike and Adidas in the last months, New Balance says it will be launching the first running shoe with a 3D printed ...
