Latest Headlines – Page 359
-
Article
Swift Changes In The British Snow And Outdoor Retail Landscape
The British outdoor retailing business has seen a spate of financial transactions in the last weeks, underlining the interest of investors in this growing market and paving the way for accelerated expansion of a few market leaders. Dion Taylor, managing director of Snow+Rock, has led a management buy-out ...
-
Article
Private Labels Help Eybl To Grow
In its fiscal year ended Aug. 31, Sport Eybl & Sports Experts increased its turnover by 5.3 percent and reached a level close to €400 million. Regioplan, the Vienna-based market research firm estimates the big Austrian sporting goods retailer’s market share at some 25 percent. The increase ...
-
Article
Riverside Buys Arena From Another Fund
A fund of the U.S. private equity firm Riverside has bought a 100 percent stake in Arena from another fund based in Milan, BS Private Equity, for an estimated enterprise value of about €100 million, including assumption of debt. Arena’s debt is estimated at around €20 million. The ...
-
Article
Rossignol Expects A Net Profit, Repatriates Some Production
Led by Bruno Cercley, the new management appointed at the head of the Rossignol Group in November 2008 is predicting a net profit of around €7 million on relatively stable revenues of just over €200 million for the financial year ending next March 31. That compares with a loss of ...
-
Article
Georges Salomon Has Passed Away
An estimated 1,000 people attended the funeral services held in Annecy last Friday to honor Georges Salomon, the man who founded the company bearing his name. Affected for some time by Alzheimer’s disease, he passed away last Tuesday at the age of 85 years. A visionary, he was always ...
-
Article
Amer Sports Appoints A Head Of Apparel
The appointment, which surprised some observers, is related to the plan outlined a few days by the newly minted president and chief executive of Amer Sports, Heikki Takala, to grow sales of softgoods from 55 percent to two-thirds of the revenues of its Salomon division. It may be recalled ...
-
Article
New Management At Prince
Gordon Boggis has taken over as chief executive of Prince Sports, assuming most of the functions of the company’s former chairman and CEO, George Napier. The latter is retiring, but he will continue to be involved in the company as vice chairman and as a minority shareholder. Pointing out ...
-
Article
Musical Chairs At Nike
Marcos Garzos is returning to his native Barcelona to act as general manager of Nike Iberia in the place of Carlos Homédes, who was dispatched by the group to the U.S. head office in August to take charge of Nike’s global football business. Garzos worked most recently at Nike EMEA ...
-
Article
New Generation At Titus
Julius Dittmann and Peter Vincent Schulz (nicknamed PV Schulz) constitute the new management of Titus GmbH. The 27-year-old Julius Dittmann is the son of Titus Dittmann, founder of the successful German skateboard company that bears his own name. Together, the 27-year-old and PV, who is 54 years old, form a ...
-
Article
Billabong Buys 38 More Stores
Billabong International’ verticalization process goes on with the surfwear company signing an agreement to buy 38 stores in Australia, including the Surf Dive ‘n’ Ski (SDS) and Jetty Surf retail banners, from General Pants for an undisclosed sum. The deal includes their internet business and two licensed Billabong ...
-
Article
Fila Korea Completes $100 Million Ipo
Fila Korea, which purchased the Fila brand from Sports Brands International in March 2007, raised 113.8 billion won (€72.7m-$100.8m) by offering 3.25 million new and existing shares on the Korean stock market in an initial public offering. The proceeds will be used to pay down debt contracted for Fila’s acquisition ...
-
Article
Li Ning’S Orders Slow Down And Become More Expensive
Li Ning’s orders for the first quarter of the 2011 financial year were up by 12 percent after its Brand Products Trade Fair. The order intake marks a deceleration as compared to a 20 percent rise for shipment due in the third and fourth quarters of the 2010 financial year. ...
-
Article
Strong Demand Strains Wolverine’S Supply Chain
Accelerating its growth rate, Wolverine World Wide is struggling to cope with demand after another significant sales increase in the third quarter and a jump of more than 55 percent in its order backlog. This was due to heightened demand for the group’s brands as well as widespread anxiety among ...
-
Article
Polish Distributor Is Going Massively Into Own Retail
Martes Sport, one of the leading sports distributors in Poland, is rapidly building up a large-scale retail operation. In the last two years it has already opened thirteen stores, all of them owned by the company, and intends to open more in the next two years to build up a ...
-
Article
Golf Europe Will Take Place Earlier
After discussing the long-standing issue with representatives of the international golf industry, the management of Golf Europe has decided to hold next year’s session from Aug. 28 to Aug. 30, about four weeks earlier than usual. The show will no longer coincide with the Oktoberfest, the annual beer festival in ...
-
Article
World’S Major Sporting Goods Retailers Gain Market Shares
Small growth on a currency-neutral basis in Europe and Asia helped the world’s largest sporting goods retailers to record a tiny 0.6 percent increase in sales on a weighted average basis in 2009, compared with 4.6 percent in 2008. Increases of 3.7 percent in Europe and 3.3 percent in Asia ...
-
Article
Nike’S Sales And Orders Grow Sharply, Forcing It To Use Air Freight
Nike is enjoying a strong rebound, pushing its sales up by 8 percent to nearly $5.2 billion for the first quarter of its fiscal year ended last month, equivalent to a rise of 10 percent in constant currencies. And the momentum is showing no signs of ebbing away, as Nike ...
-
Article
Russia And China Are Expected To Lead Adidas’ Growth
Herbert Hainer, chief executive of Adidas Group, told Bloomerg that he expects increases in revenues and profitability in the 2011 fiscal year, probably led this time by healthy performances in China and Russia. In Russia, where the brand enjoys a 65-70 percent market share, Adidas is forecast to grow by ...
-
Article
Intersport Enters Africa And Wants More Than 500 Stores In Asia-pacific
Intersport International Corporation has signed a non-exclusive licensing deal for the Egyptian market with the Azzam family, marking its first foray into Africa. The family’s 12 small stores in Cairo and Alexandria, which currently trade under different names, will be converted into Intersport stores. About 10 other bigger stores, measuring ...
-
Article
Bottom Line Sees Impressive Growth At Jd Sports Fashion
Revenues jumped by 18.5 percent at JD Sports Fashion for the first half of the fiscal year ended July 31, reaching £383.9 million (€451.4m-$601.2m). While the gross profit margin edged up by only 0.2 percentage points to 48.2 percent, the operating profit leapt by 29.6 percent to £18.6 million (€21.9m-$29.1m). ...
