Latest Headlines – Page 309
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Nike wins first round against Adidas over its Flyknit shoe
Nike has won a temporary injunction against Adidas' new Adizero Primeknit shoe in a Nuremberg court, based on a claim that it infringes on the patents covering its own lightweight Flyknit technology, which makes the upper look like a single piece.A spokesperson for Nike said the ban applies to the ...
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Targets slashed for Reebok, raised for Adidas
The Adidas Group has slashed its sales target for the Reebok brand, it was revealed at an investor day held last week in Carlsbad, at the head office of TaylorMade-Adidas Golf. The company reiterated its target for the entire group to reach sales of €17 billion by 2015, but with ...
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VF sets new targets for its business in Asia
VF Corporation, the U.S.-based owner of The North Face, Vans, Timberland and many other brands, told investors at a meeting in Shanghai last week that it was eyeing sales of $2 billion in the Asia-Pacific region over the next five years, compared with about $900 million this year. This calls ...
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Rossignol reorganizes its production in France
Groupe Rossignol is reducing the number of workers at its factory at Nevers, which is the only one in Western Europe that is still manufacturing ski bindings, but a spokesman for the company said that it is planning to create other jobs at its other two French factories at Moirans ...
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Prince’s new owners expand their global footprint
Prince Global Sports, the new firm set up by Active Brands Company (ABC) a couple of months ago to acquire the operating assets and exclusive licensing rights for the Prince, Ektelon and Viking brand names in the Americas, has completed its international expansion by taking over the rights to the ...
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Lacoste names a new chairperson
Lacoste SA has named Sophie Lacoste Dournel as non-executive chairperson of its board of directors following a meeting of shareholders. Aged 36, she succeeds her father, Michel Lacoste, in the role. The board of the French company is composed of 11 members, including five members of the Lacoste family, three ...
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First graduate course in sporting goods management kicks off
An interesting Master of Science course in sports and outdoor industry management, or SOIM for short, began a few days ago at the School of Management of Lyon (EMLyon). Described as the first such master's degree program specializing in our sector, it started with a group of 13 selected students ...
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Brasilsul expands in Europe
Based in Porto Alegre, this Brazilian manufacturer of fitness clothing is one of the few local sports apparel producers that have ventured abroad. It is particularly strong in the southern part of the country, justifying its name, but it also has a presence in other parts of the country, and ...
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China, Brazil displace Germany in sports goods sales
The NPD Group estimates that the consumption of sporting goods around the world reached a record level of US$333 billion in 2011, which was an increase of about 5 percent from the previous year's level. The size of the global market estimated by the research company encompasses sports equipment, active ...
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Lotto sells Etonic
Lotto Sport Italia has sold Etonic, the American producer of running, golf and bowling shoes that it bought in 2006. The buyer is the Anthony L&S Footwear Group (AL&S), a U.S. company that markets casual and lifestyle footwear under various brands including Bob Marley, Cadillac, Fubu, Levi's Mountain Gear, Farm ...
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Rip Curl ponders sale
Rip Curl has hired Bank of America Merrill Lynch to study unsolicited takeover offers from several international companies. Australian newspapers estimated that such a deal could fetch up to 480 million Australian dollars (€384.7m-$504.7m), equivalent to 10 times the Australian board sports brand's projected Ebitda for the fiscal year to ...
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New potential bidder for Billabong matches TPG’s offer
Billabong International said that it has received a second conditional acquisition offer. It did not name the party, but it was later identified in several reports as Bain Capital, the U.S. investment firm. The Australian surf company said the new potential bidder was proposing a cash consideration value of 1.45 ...
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Mostly positive figures for Quiksilver
While the Quiksilver group remained under pressure in Europe, the board sports company lifted its sales by 2 percent to $512.4 million in the third quarter of its fiscal year, until the end of the July, which was a rise of 8 percent in constant currencies.European sales dropped by 13 ...
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Korean group discusses takeover of Lafuma
Reacting to press reports of the Lafuma Group's potential acquisition by E-Land, the French outdoor and action sports group confirmed that it had been approached by the South Korean conglomerate and that discussions had been opened. However, Lafuma hastened to add that the talks were very preliminary, and that they ...
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Who will buy JJB?
A dozen potential buyers have requested detailed information about JJB Sports, the ailing British sports retailer that put itself up for sale at the end of August. They are said to include retailers as well as private equity firms.While the board said it was considering all offers, the company is ...
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Good quarter for Sports Direct
While JJB's fate remains undecided, Sports Direct International (SDI) has enjoyed another buoyant quarter: The retailer saw its turnover increase by 25.3 percent to £519.0 million (€641.2m-$841.5m) for the 13 weeks until July 29, pepped up by the international sports events held during the period. Its gross profit jumped by ...
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JD stabilizes Blacks
The JD Sports Fashion group saw its operating profit before onetime costs shrink to £3.2 million (€4.0m-$5.2m) for the 26 weeks until July 28, down from £16.2 million for the same weeks in 2011, chiefly due to acquisitions and accompanying disruption. The British sports fashion retailer bought Blacks Leisure, the ...
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Wahle steps down at Eybl
At the end of last month, Peter Wahle, the chief executive of Sport Eybl & Sports Experts (EAG), left the company after six years in office. Sport-Fachhandel, the German trade publication, has heard that there were differing views on how to lead the company into the future between Wahle and ...
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Dutch GSM group eyes Sport 2000 license
GMS Group Netherlands, a buying group with 127 shoe retailers, is in advanced talks to take over the Sport 2000 license in the country. In a report to its members, GMS Netherlands describes the potential deal as an opportunity to move into the sports market. The Sport 2000 license in ...
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Masita changes hands
Masita, the Dutch teamwear brand, has been taken over by Philip Ploegaerts, a Belgian who was previously a management board member at Jako, the German sportswear company. Ploegaerts handled Jako's sales in the Benelux countries and France as well as its international development, but he left the company earlier this ...
