Latest Headlines – Page 260
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Halti teams up with expanding Chinese partner
Halti is to return to the Chinese market later this year after the Finnish ski and outdoor brand sold its trademark rights for Greater China. They were acquired by B.C. Sports, one of the leading outdoor distributors in China, which displayed Halti at Ispo Beijing. B.C. Sports has already sealed ...
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A clearer picture of the big Chinese market
We finally made it, just in time for last week's Ispo Beijing. After two years of research and extensive travel to many large and small cities in the country, we were able to finalize the most comprehensive report ever published about the Chinese sporting goods market.It follows the recent ...
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Polartec launches its hybrid wool/synthetic fabric
Wool is as hot as down, and Polartec is going for a hybrid product combined with synthetic fibers to get the best of both worlds, somewhat like Primaloft and Columbia Sportswear a year ago with their natural/synthetic down blends or, a few years earlier, like Toyota with its hybrid gasoline/electrical ...
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The debate on down standards heats up
Producers of outdoor clothing are being invited for the first time by two competing organizations to join a series of discussions about the standards that should be applied in the sourcing of duck and goose down.Patagonia, the undisputed pioneer in this domain, will host a lunch debate at the Ispo ...
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Freddy mixes sport with glamour
Feeling that the sports market is moving in its direction, Freddy is coming back to the Ispo Munich show, introducing a touch of glamour into its functional products with its successful, patented, body-hugging WR.UP women's pants, accompanied by matching ballerinas, socks and bags.After opening new markets in Australia, Canada and ...
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Industry stocks went up by 19.3% in 2014
The stock market capitalization of the publicly traded sporting goods companies around the world grew by 19.3 percent on a weighted average basis to $343.8 billion in the course of 2014, outperforming the overall economy as in previous years. Between the beginning and the end of the year, the Dow ...
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Acushnet should go public in 2016
Fila Korea, Mirae Asset Private Equity and other investors who bought Acushnet Company in 2011 for $1.23 billion, are reportedly seeking a valuation of around $1.8 billion for the parent of Titleist and Footjoy. That would correspond to ten times its operating earnings before amortization (Ebitda), which amounted to an ...
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Jarden takes over Dalbello
Consolidating its increasingly close relationship with the big Italian manufacturer of ski boots, Jarden Corporation has announced a definitive agreement to acquire the Dalbello Group through its Marker Völkl subsidiary. It said that the transaction is securing synergies for further innovative development, while creating cross-selling opportunities.The purchase price has not ...
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New strategic investor for Germany’s Planet Sports
21sportsgroup, the Mannheim-based company that runs the 21.run.com, 21cycles.com and 21streetwear.com online stores, has acquired all the shares in Planet Sports, a company that is regarded as a major online and offline action sports retailer in Germany. A consortium of investors is supporting the transaction, the conditions of which have ...
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Dutch and German buying groups merging?
De Telegraaf reported last week that Euretco, the buying group handling the Intersport banner in the Netherlands, is likely to be taken over by EK Servicegroup, a German buying group. The two parties, which already work together, have responded that a far-reaching partnership was under discussion but had yet to be ...
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Halfords Nederland restarts with 45 stores
The trustees who are managing the bankruptcy of Halfords NL have reached an agreement with Halfords franchisees for a restart of the Dutch retail chain, which sells bicycles as well as bike and car parts and accessories. Initially there will be 45 stores and, according to Bike Europe, further expansion ...
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Masita is declared bankrupt
Masita Sportswear, a Dutch company specialized in team sports apparel, was declared bankrupt earlier this month. The company employs 40 people in the southern Dutch town of Echt. Established in Sittard in 1933, Masita was taken over in 2012 by Philip Ploegaerts, a former Belgian football player and management board ...
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New profit warning by Li Ning but there have been improvements
Li Ning, the Chinese sports company, warned that it would suffer a loss of up to 820 million yuan (€114.4m-$132.1m) for 2014, although its performance has improved in the second half of the year on the back of the many measures taken in the last two years to support the brand ...
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Nike takes over Chinese football deal
Nike quickly came up with designs for jerseys for the Chinese men's national football team last week, after the China Football Association (CFA) ended a partnership that had lasted about three decades with Adidas at the close of the year. Nike reportedly inked a contract worth 100 million yuan (€14m-$16m) per ...
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Adidas to invest heavily in U.S. sports marketing
Adidas has struck a 12-year partnership with the University of Miami (UM) as part of a renewed U.S. sports marketing drive. Taking the place of Nike after 27 years, the Three Stripes will act as official supplier of shoes, clothing and accessories to all 18 Miami Hurricanes collegiate teams from ...
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Skins backs campaign for Fifa reform
Skins, the Swiss-based brand of compression apparel, is among the backers of a campaign to reform Fifa, ahead of the election for the presidency of the international football federation, to be held in May. New Fifa Now will kick off with a summit to be held at the European Parliament ...
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Under Armour signs up Andy Murray
Confirming rumors, Under Armour has announced a four-year sponsorship deal with Andy Murray, the world's sixth-ranked tennis player, covering clothing, footwear and accessories. The 27-year-old British tennis star will start participating in Under Armour's marketing campaigns immediately, but will continue to wear Adidas' Barricade shoes during the first half of ...
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Neil Pryde retires
Neil Pryde, founder and chairman of the international boardsports group that carries his name, has announced his retirement. Patrick Pender and Peter Lui will continue to act as chief executive and chief operating officer of Neil Pryde Group, respectively.Pryde, a former Olympic yachtsman who turned 75 in October, has been ...
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Klättermusen hires global sales director
John Zopfi has been appointed as global sales director at Klättermusen, the Swedish outdoor brand, from the start of this year. The recruitment could be regarded as part of the brand's strategy to expand its distribution under the ownership of Scope, a private equity firm that bought a majority stake ...
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Leadership transition secured at Nomad
Peter Korver has been appointed to the helm of The Nomad Company, the Dutch outdoor brand, which was hit last summer by the death of its owner and managing director, Barry Kooijmans, in the Malaysia Airlines flight shot down over Ukraine.Korver is a well-known personality in the Dutch sports business. ...
