Latest Headlines – Page 347
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New president, new board for WFSGI
Motoi Oyama, the long-time executive of Asics Corp. who became the Japanese company's president in 2008, was elected to a three-year term as the 13th president of the growing World Federation of the Sporting Goods Industry at its annual meeting in Munich last Saturday, just a few days after turning ...
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JJB Sports is JD Sports Fashion’s next target
Confirming press speculation, JD Sports Fashion said in a statement last week that it is in early discussions with the board of directors of its struggling rival on the British sports market, JJB Sports, about a possible takeover offer. JD stressed, however, that there was no certainty that such an ...
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USG adds another brand to its portfolio – Lotto
Lotto Sport Italia has signed a ten-year licensing agreement with Unlimited Sports Group (USG), the leading Dutch sports retailer and wholesaler, for the production and distribution of its footwear and apparel in the Benelux countries.The deal was formally signed by Squadra Italia, the Italian subsidiary set up by USG last ...
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Intersport Greece Outpaces Bad Market
The Intersport organization of Fourlis Group, which is based in Greece, has lofty aspirations for expasion in its region over the coming years. Currently with 56 stores in Greece (34), Romania (16), Bulgaria (four) and Cyprus (two), it plans to expand this to more than 75 by 2014, with plans ...
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European sporting goods retail is up by 3%
A preliminary estimate by Fedas, the European sporting goods retailers' federation, indicates that sporting goods retailers across Europe increased their sales by 3 percent to a total of €38.75 billion in 2010, including a sales increase in Germany of 3.5 percent to €7.5 billion. A year ago, Fedas gave exactly ...
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The alpine ski market is on fire
As retailers' inventories are getting cleaner - and in some cases very thin - in Europe and the rest of the world after two very good winter seasons, major suppliers are report big increases in last year's deliveries of alpine ski hardware, and they have strong expectations for 2011 pre-orders. ...
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Amer Sports confirms its recovery
With favorable weather triggering buoyant re-orders, brisk sales of outdoor footwear and apparel in Europe continued to drive the recovery of Finland's Amer Sports group in the fourth quarter of last year. The expansion of the company's balls sports and fitness units remained weaker, but the group was in leaner ...
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Babolat partners with Roland Garros
Babolat announced last week a five-year exclusive contract with the French Tennis Federation as the official supplier of tennis balls, racquets, strings and bags for the important Roland-Garros tournament. In this role, the French brand replaces Dunlop, which had the contract for balls and racquets for 25 years, and Tecnifibre, ...
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New investors for Brunotti
Brunotti Europe, the Dutch-based action sports group, intends to step tup investments in marketing and to widen its international reach after several financial partners have come on board. Greenfield Capital Partners and CommonWealth Investments have become shareholders in Brunotti along with Theo Dietz, the well-known Dutch executive who earned his ...
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Action Brands acquires Björn Daehli
Action Brands, the Norwegian company that took over Skigutane in a merger last year, has now acquired BJ Sport, the skiwear company of Bjørn Dæhlie, the famous Norwegian cross-country ski champion. Synergies are envisaged with other product lines within the fast-expanding group including Kari Traa, the women's sportswear brand named ...
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Nike reshuffles senior management
Nike has appointed Roger Wyett, 54, as president of Nike affiliates, overseeing a large portfolio of brands, including Cole Haan, Converse, Hurley International and Umbro. He replaces Eunan McLaughlin, who is retiring, and he will directly report to Mark Parker, president and CEO of Nike. Wyett was vice president and ...
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Europe drives Asics’ progress
Europe is contributing to a rapid global sales rise for Asics Corporation. The company's turnover expanded by 7.1 percent to ¥175,909 million (€1,581.0m-$2,158.7m) for the three quarters closed at the end of December, and this was entirely due to an increase in international sales of 15.5 percent to ¥115,468 million ...
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Shimano doubles profits
Shimano doubled its full-year net profits to ¥19.1 billion (€169.6m-$231.4m) thanks to a 14.4 percent increase in sales to ¥213.6 billion (€1,896.1m-$2,587.7m). Operating income rose by 37.9 percent to ¥27.8 billion (€246.8m-$336.8m). The Japanese group is forecasting turnover to grow by 3 percent to ¥220 billion (€1,953.0m-$2,665.2m) in 2011, while ...
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Mizuno grows in Europe, Americas
Mizuno increased sales by 0.5 percent to ¥111.3 billion (€988.0m-$1,348.3m) in the nine months to Dec. 31 thanks to growth in Europe and the Americas, while Asian revenues declined. The operating profit increased by 74.5 percent to ¥3.8 billion (€33.7m-$46.0m) in the nine-month period, ordinary profit was up by 35.2 ...
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Admiral trademarks are split among local partners
In a rather original transaction, International Brands Licensing has disposed of its trademarks for Admiral worldwide. Admiral is now owned by eight independent companies, including five former licensees. Diethnis Athlitiki of Athens is in charge of Greece, Turkey, Cyprus, Romania, Bulgaria, Croatia, Montenegro, Serbia, Macedonia, Bosnia, Herzegovina, Moldova and Albania. ...
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Blacks Is No Longer For Sale
On Jan. 26, the day after JD Sports Fashion's announcement of its new investment in Ireland, Blacks Leisure Group announced the termination of preliminary discussions about the possible disposal of some of its operations and related assets. The British outdoor and action sports retailer said its board had received a ...
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Jjb Is Fined For Fudging Acquisition Costs
The Financial Services Authority of the U.K. has fined JJB Sports £445,000 (€518,330-$707,145) for not properly disclosing the costs of two acquisitions. The first one, from 2007, was the takeover of the former Original Shoe Company. JJB said it paid £5 million (€5.8m-$7.9m) in cash for the chain. It turns ...
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Three Retail Members Buy Sportringen From Team Sportia
Three retail members of Sportringen – Hans Hedefur from Årjäng, Krister Jonsson from Tingsryd, and Sandro Arcari from Strömstad – have bought Sportringen from Team Sportia to continue operating the chain on a member-owned basis.Fifty out the 53 stores affiliated with Sportringen chose to stay with the buying group before ...
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New Management Changes At Sport 2000 France
Yannick Morat, 37, has replaced William Monti as chairman of Sport 2000 France. The resignation of Monti was largely expected after the French private equity firm Activa Capital increased its stake in the French cooperative to 51 percent from 37 percent.Monti took a back seat in the French buying group ...
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Bauer Goes Public
Bauer, the Canadian hockey equipment manufacturer that was bought from Nike in 2008 for $200 million by Kohlberg & Co, will be listed on the Toronto stock exchange with an underwriting pool headed by RBC Capital Markets and CIBC World Markets. Bauer will offer 20 percent of its shares for ...
