Latest Headlines – Page 429
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Lacoste Will Only Work With Charmant In Eyewear
Charmant is the big Japanese eyewear company that recently got a global license from Puma. It is now adding a worldwide license for Lacoste prescription frames and sunglasses. Charmant had previously taken over the rights to the Lacoste brand for Asia, starting in January 2006, and for North America and ...
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Rip Curl Asserts Its Technical Image With A Special New Eyewear Line
Rip Curl's new screwless line of sunglasses, which will be presented at the international SILMO eyewear fair in Paris next week, is said to be the first one in the world to use magnets effectively to make the link between the frames and the temples. The technique allows the user ...
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Shareholders Want Spy To Be Part Of A Larger Group
Thesis Capital Management, one of the shareholders of Orange 21, has written to the management of the parent company of Spy Optic to explore the sale of the company and then let shareholders decide if the current public market price would offer better returns. Thesis Capital believes the business would ...
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Onitsuka Has Passed Away
With his habit of quoting Buddhist proverbs and striking up Japanese songs at industry meetings, Kihachiro Onitsuka cut an original figure in the international sporting goods business. Tributes poured in after the inspiring founder and chairman of ASICS Corporation died of heart failure in a Kobe hospital on Sept. 29, ...
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Global Equipment Market Grows By 2.9%
An annual survey by Sporting Goods Intellligence shows that the growth of the global sports equipment market slowed down to 2.9 percent in 2006 from 4.9 percent in the previous year, reaching a value of $57.1 billion at wholesale, partly due to a stagnant golf market and a lack of ...
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Nike Sells Bauer
After an extensive strategic review, Nike has placed Nike Bauer Hockey on the auction block. Acquired by Nike back in 1995 from the Italian Olivieri group, the former Bauer reported sales of only around $160 million last year. It has been growing significantly over the last two years, both in ...
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A Recovery In The Uk Drives European Sales Blast At Nike
A convincing pick-up in its sales on the British market contributed to substantial expansion for Nike in Europe during the three months ended on Aug. 31. Nike reported last week a sales jump of 9 percent in local currencies in the Europe, Middle East and Africa (EMEA) region for the ...
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Elmec Develops New Businesses
The loss of Nike’s business in Greece and Cyprus shaved about €20 million off the revenues of Elmec, the Greek retail and wholesale company, in the first half of this year. However, this was partly compensated by the growth of its department stores and its business in the Balkans, so ...
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Metro Weighs Strategic Options After Change Of Equity
One option is a possible sale of Kaufhof, the group’s low-margin department store chain, which also manages its Sportarenas in Germany. The new management of Arcandor, formerly called Karstadt Quelle, had indicated possible interest in Kaufhof, but the old management of Metro, led by Hans-Joachim Körber, had been opposed to ...
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A.S. Adventure Buys Bever
A.S. Adventure, the largest Belgian outdoor retailer, has expanded its leadership throughout the Benelux by taking over Bever Zwerfsport, by far the weightiest outdoor retailer in the Netherlands. Adding Cotswold in the UK, which is already a property of A.S. Adventure, the tie-up forms an even larger international retail company ...
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Usg Widens Its Lead In The Netherlands
Unlimited Sports Group (USG), the largest sports retailer in the Netherlands, has consolidated its lead with the acquisition of Time Out Sport, a chain of 46 franchised lifestyle-oriented outlets. The takeover neatly complements the two other retail concepts already owned by USG: Aktiesport, a price-aggressive banner; and Perry Sport, a ...
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Eag Changes Strategy To Give Eybl And Sports Experts Distinctive Profiles
EAG, market leader on the Austrian sporting goods retail scene, is taking steps to give its Sports Experts format a new profile. One of the company’s major problem has been a not well defined distinction between Sports Experts, which is its low-price concept, and the high-quality format of Sport Eybl. ...
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Skiset Make Inroads Into Neighboring Countries
Skiset, the French franchising organization for rental skis, has added new partnerships in some other European countries to build up a network of about 250 stores outside France for the coming season, compared with about 150 non-French affiliates last year. The group’s target is to expand its international network to ...
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New Owners For Kästle
Kästle, the ailing Austrian ski brand, has been taken over by a group of Austrian investors and managers. The brand name was acquired at 74 percent by Cross Industries AG, an Austrian investment company, and at 26 percent by leading managers, two of whom are issued from Fischer. Their business ...
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Fischer Plans To Focus On Skis
Fischer’s management had been describing the company’s investment in Fischer Advanced Composite Components (FACC) as a welcome offset for its weather-dependent winter sporting goods business. Company officials now say that Fischer and its partner in FACC, Salinen AG, are looking for a financially strong partner that can adequately support its ...
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Airesis Boosts Its Sales, Profits Lag Behind
Airesis, the Swiss holding company that controls Le Coq Sportif and Boards & More, made yet more losses in the first half of this year as it continued to invest forcefully in the expansion of the French brand. The losses reached 10.5 million Swiss francs (€6.3m-$8.9m)for the 6-month period and ...
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Basicnet Boosts Aggregate Sales But Net Profit Slips
The aggregate sales of BasicNet’s network of licensees jumped by 16.29 percent to €130.6 million in the first half but net profits slipped to €4,168,000 from €26,169,000 as last year’s bottom line was boosted by a €27,083,000 pre-tax gain stemming from the sale of the Kappa and Robe di Kappa ...
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Adidas Will Sponsor London Olympics
Adidas has unveiled a deal worth about £100 million (€143m-$200m) to become one of the lead sponsors of the London Olympics in 2012. Under the agreement, Adidas will provide three-striped outfits for about 70,000 officials and volunteers, it will be the exclusive supplier of branded and unbranded sports merchandise at ...
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Microsoft And Quiksilver Team Up To Redesign E-commerce
Quiksilver Europe launched its state-of-the-art e-shopping website after much build-up over the past few weeks, teaming together with Microsoft France to employ the latest internet technology. The website will allow users in the European markets served by the subsidiary to shop, chat with Quiksilver’s board-riders and view major board riding ...
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Kjus Hooks Up With Bode Miller
Kjus, the skiwear brand named after the Norwegian skier Lasse Kjus, has struck a sponsorship deal with an even more famous skier, Bode Miller, for an undisclosed sum. With immediate effect, the high-profile American skier will wear Kjus apparel anywhere outside the so-called red zone imposed by the International Ski ...
