Latest Headlines – Page 248
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Golf Europe postponed
Messe Augsburg, the organizers of Golf Europe, have decided to cancel the fair to be held in September, to hold talks with some of its exhibitors and discuss other potential dates for next year. The organizers said that interest has been strong but some of the big players failed to ...
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Dip in European golf registrations
The latest survey on golf participation in Europe indicates that the number of registered golfers dipped by 1.8 percent in 2014, amounting to a decline of 77,000 golfers – contrasting with other reports that point to stabilizing participation in Great Britain.The European numbers come from KPMG, which points to a ...
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Black Crows raises money in expanding freeride market
Black Crows, the French freeride skiing brand, has raised €3 million to accelerate its expansion, as this category of the ski equipment business is drawing increased investment and expanding across international markets.Based in Chamonix, Black Crows is among the most prominent brands in the freeride market, with a distinctive chevron ...
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Ispo Shanghai’s premiere reflects a changing market
The Ispo Shanghai show celebrated a relatively successful premiere on July 2-4, welcoming a total of nearly 19,000 visitors. The fair was bigger than originally planned, with 354 exhibitors offering 473 brands to retailers in the Asia-Pacific region in general and in China in particular. Many visitors appreciated the variety ...
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Nike overtakes Adidas in apparel
For the first time in its history, the Swoosh overtook the Three Stripes last year in terms of invoiced sales in the global sports apparel market, whose growth accelerated to 4.3 percent from 0.9 percent in 2013. Both companies, as well as the sports apparel market overall, benefited from the ...
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Nike gets a big NBA deal
Nike has made a splash to replace Adidas as the apparel partner of the National Basketball Association (NBA), as part of a much broader eight-year global merchandising and marketing partnership starting from the 2017-2018 season.While the rights acquired by Adidas were reportedly worth about $400 million for eleven years (and ...
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Fitbit is worth $6 billion
The stock market gave Fitbit a valuation of nearly $6.3 billion as the company went public on the New York Stock Exchange yesterday, making the IPO one of the most successful ones in recent years. It's a lot for a company that had net income of $131.8 million on sales ...
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Intersport Sweden has been bought by an investment firm
Adelis Equity Partners, a Swedish investment firm, has agreed to invest in a structural changeover at Intersport Sweden, which will turn the voluntary group into an integrated retailer with about 100 stores, owned at 70 percent by Adelis. The remaining stake of 30 percent will stay in the hands of the ...
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Sport 2000 International advances
After its annual general assembly, which was held a few days ago in Copenhagen, Sport 2000 International said that its affiliated stores reached a record retail turnover of €6,264 million last year, up by 5.3 percent from 2013. The international buying group had 3,728 stores operating in 23 countries at ...
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Hudson’s Bay buys Kaufhof
One more big change is taking place in the beleaguered department store landscape in Germany, which has been traditionally strong in the sporting goods sector. A Canadian-based group, Hudson's Bay Co., (HBC) has agreed to acquire Galeria Kaufhof from the Metro AG group for €2.82 billion including debt, outbidding the ...
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Kettler interests investors
At least two investment firms are said to be interested in acquiring Kettler, the German fitness manufacturer that became insolvent earlier this month. Some German newspaper reports indicate that it would take about €40 million to restructure the company, which may involve the sale of shares in Kettler in exchange ...
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Alpina acquired by Slovenian state bank, Elan to follow
Alpina, the Slovenian maker of ski and outdoor footwear, has been acquired entirely by Bank Assets Management Company (BAMC) the country's state-owned “bad bank.” BAMC, which was Alpina's largest creditor, agreed earlier this month to convert some of its debt into equity and intends to organize the company's sale. Matjaž ...
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Kästle moves after its takeover
Kästle, the Austrian ski company, is moving its head office from Salzburg to Hohenems, where it was already established before its acquisition by Rudolf Knünz in 2007. This comes after Knünz bought a majority stake in Differences, a company in Hohenems specializing in the production of small series of skis. ...
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Delayed recovery for Quiksilver
Quiksilver has admitted that its recovery had been set back by delivery and execution issues, mostly in North America, meaning that it could not stick with its previous forecast of significant improvements in the second half of the year. Quiksilver's chief executive since March, Pierre Agnes, said in an investor ...
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U.S. weakness at Quik
The Quiksilver group said its sales were stabilizing after a drop of 2 percent on a comparable basis for the quarter until the end of April, with small declines in the Americas and Europe paired with an ample increase in Asia-Pacific.Comparable sales are meant to be in constant currencies and ...
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Noisy board resignation at Quiksilver
Liz Dolan, a former Nike executive who joined the Quiksilver group's board of directors last year, resigned last month writing that she was excluded from crucial board meetings and discussions. These apparently pertained to talks about the dismissal of Andy Mooney, Quiksilver's former chief executive, and the appointment of his ...
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Lululemon regains traction
Expansion into international markets has contributed to a sharply reduced gross margin for Lululemon Athletica for the quarter ended on May 3, but the Canadian yoga-inspired apparel brand achieved ample gains in sales and profits for the quarter, which is the first in its fiscal year.Lululemon's sales increased by 10 ...
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Fenix finalizes Globetrotter buy
Fenix Outdoor International (Fenix) has finalized the acquisition of the 40 percent stake it did not own in Frilufts Retail Europe, a subsidiary regrouping three outdoor retailers: Globetrotter from Germany, Naturkompaniet in Sweden and Partioaitta in Finland, which form the second-largest outdoor retail group in Europe with joint sales in ...
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Black Diamond’s CEO in waiting resigns
Zeena Freeman, who was to become Black Diamond's chief executive this month, has resigned as the company's president and stepped down from its board of directors after it indicated earlier this year that it was studying a potential sale of its three remaining brands. This came after the lucrative sale ...
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BD reinforces product development
Doug Heinrich has been appointed senior vice president of product at Black Diamond, to supervise development across its equipment and apparel categories. The U.S. outdoor company said this was part of a drive to unify the development teams for apparel and equipment – about two years after the launch of ...
