Latest Headlines – Page 247
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Jarden plans to raise more than $1 billion
Jarden Corp. has boosted the size of a planned secondary public offering to help finance its $1.35 billion acquisition of the Waddington Group, which makes disposable cutlery. The parent of Coleman, K2, Marmot Mountain, Völkl and many other brands had originally planned to issue 14 million new shares, but it ...
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Fesi prepares House of Sport opening
The Federation of the European Sporting Goods Industry (Fesi) is preparing for the opening of the House of Sport, which will take place in the middle of the European Week of Sport and bring together several sports-related associations in the same office in Brussels.Fesi has been closely associated from the ...
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Knight to step down as Nike chairman
Phil Knight is to step down as chairman of Nike next year. The founder of the Swoosh has recommended a handover to Mark Parker, who has been the company's chief executive for the last nine years. The move constitutes the groundwork for a major transition that involves a reshuffle in ...
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Another buoyant year for Nike under Parker leadership
The news about the transition came just after Nike reported a sales hike of 10 percent to $30.6 billion for the full fiscal year up to the end of May. This was an increase of 14 percent in constant currencies and the group's profit expanded even faster – adding up ...
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Adidas wants to double in running
The Adidas Group has outlined plans to double its sales in the running market in constant currencies by 2020, which would amount to more than €3 billion, with a stronger focus on fewer franchises and marked investments in the U.S. market. The details were provided at the group's first investor ...
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Puma sells Tretorn
As part of its strategy to focus on its most important assets, Puma has agreed to sell the industrial property rights of the Tretorn Group to the Authentic Brands Group (ABG). Tretorn managers are acquiring an operating license from ABG to run Tretorn's business in Scandinavian and other European countries. ...
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Bogner is no longer for sale
Oliver Pabst, who had been working for Bogner as managing director in charge of sales and marketing for nine years, decided to leave shortly after Willy Bogner announced that he was halting the sale process for his family-owned company. The 73-year-old patriarch did not give any reason for his abrupt ...
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Scott Sports buys Bergamont
Scott Sports has acquired Bergamont Fahrrad Vertrieb, a German bicycle company, which was divested by BMC Group Holding as part of a restructuring of its assets. BMC bought Bergamont in 2008 and Scott stated that the German group's sales had doubled since then.Scott Sports said the acquisition of the well-established ...
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A German member for STMI
The German-based 21sportsgroup has joined Sports Trade & Marketing International (STMI), the international buying group founded by Groupe Go Sport and Hervis Sports in Geneva in 2012. Its affiliation will allow STMI's five members to represent a combined retail turnover of nearly €2.1 billion.The 21sportsgroup took over recently Planet Sport, ...
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Elverys stores are rebranded as Intersport
Elverys Sports, the Irish sports retailer that was taken over by its management with financial backing from investment firms and support from Intersport last year, has almost entirely completed its rebranding to Intersport Elverys. All but two of the 54 stores have been rebranded in a harmonized changeover that lasted ...
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Newly integrated retail group makes higher profits
Sport Nordic Holding, the new group that owns the Danish Sportmaster chain, has reported improved operating earnings before amortization (Ebitda) in 2014. The group was formed in July 2012 to take over the stores of Sportmaster's retail members, transforming the former voluntary group into an integrated retail operation.The new company ...
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Rendle rises up the ranks at VF
Steve Rendle has been promoted to the position of president and chief operating officer of VF Corporation, overseeing all the “coalitions” of the big American group and its global supply chain. He is also joining VF's board of directors. Rendle, 55, will report to Eric Wiseman, who remains chairman and ...
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Dus will run Tecnica
Antonio Dus, the seasoned Italian manager who left a few weeks ago as chief executive of Vibram, has been chosen to be the new CEO of Tecnica Group, starting next Sept. 14. He will also have a seat on the company's board of directors along with two other new directors ...
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New CEO for Odlo
Christophe Bézu, who earned his stripes in the sports industry as a gutsy international executive at the Adidas Group, is taking over from Jonas Ottosson as chief executive at Odlo. The Frenchman started leading the Swiss-based underwear specialist at the end of last month, as part of a wider reshuffle ...
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Management changes at Lacoste
Lacoste has appointed Joëlle Grunberg, its France managing director, as its new chief executive for North America, which is an important market for the French brand. She replaces Francis Pierrel, who has just left the brand. Grunberg's successor in France has not yet officially been named and Didier Lalance, executive ...
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Pentland reports higher sales and profits
Pentland Group's pre-tax earnings jumped by 92 percent to £164 million (€230.5m-$257.8m) in 2014 on 14 percent higher revenues of £2.2 billion (€3.1bn-$3.5bn). Operating income before amortization of intangible assets and exceptional items increased by 30 percent to £160 million (€224.9m-$251.4m).Net cash at year-end nearly doubled to £202 million (€283.9m-$317.4m), ...
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Lotto’s sales are off slightly, but operating margin is up
Total sales dropped slightly to €268 million at Lotto Sport Italia on a wholesale-equivalent basis in 2014, down from €273 million in the previous year. Net earnings were more or less flat as compared to the 2013 level of €3 million, but the operating margin before amortization (Ebitda) improved considerably ...
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Royer sees sales accelerating
Groupe Royer celebrated its 70th anniversary a few days ago, in the presence of 80 collaborators from all over the world, by announcing a 7 percent sales increase to €280 million in 2014 and predicting a further increase to €310 million in 2015. The big French company, which is involved ...
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Brazilian online sports retailer changes hands
Global Fashion Group (GFG), the multi-banner online retailer supported by Rocket Internet and Kinnevik, has signed agreements for the acquisition of two Brazilian online retailers, Kanui and Tricae, with a total turnover of around €30 million.Founded in 2011, Kanui is a surf and skate online shop that generated sales of ...
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The Italian sporting goods industry grows by 1%
After some tough years, the Italian sporting goods industry regained its growth in 2014, thanks largely to higher orders from abroad. Its total revenues went up by a meager rate of one percent to an estimated €4,367 million, according to its trade association, Assosport. Higher sales in the outdoor and ...
