Latest Headlines – Page 436
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Global Brands Group Expands Its Role In The Golf Sector
The 4-year-old international group, which already holds licenses for several other major properties such as FIFA and Walt Disney, has taken on all the direct licensing rights for the merchandise and retail operations of the PGA (Professional Golf Association) Tour throughout Europe, Mexico, South America and Asia, with the exception ...
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David Whelan Cashes Out Of Jjb
David Whelan, who founded JJB Sports in 1971, and his family have sold off all their 68 million shares in the British sporting goods retailer, for about £190 million (€280.2m-$372.7m). They sold the shares to a joint venture vehicle formed by Exista, a financial group based in Iceland, and to ...
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Blacks Leisure Group’S Chief Departs As Freespirit Business In Question
Blacks Leisure Group announced on June 4 that Russell Hardy is stepping down as chief executive officer and that it has launched a strategic review of its 49 Freespirit stores Hardy, who joined as CEO at the beginning of 2005 after heading up a chain of optical retail stores, Dollond ...
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Mike Ashley’S Adventures Continue
Mike Ashley has played financial analysts to his advantage by buying stock in Adidas about eight weeks ago, allowing many to think it was the successful entrepreneur’s personal endorsement of the company and causing its share price to rise. He then turned around and sold recently his share of just ...
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Gresvig Has Acquired Sportshuset
Gresvig is expanding its dominant share of the large and growing Norwegian sporting goods market through the acquisition of Sportshuset, a 31-year-old Norwegian sports retailer that runs eight relatively large stores in good locations, ranging between 800 and 1,700 square meters. Two more stores are joining the network at Fredrikstad ...
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Intersport And Sport 2000 Perform Better Than The Dutch Market
Two of the three major buying groups in the Dutch sports retail trade, Euretco Sport and Intres, outperformed their fast-expanding domestic market last year, catching up after their weak performance in 2005. While the growth of the Dutch sports retailer trade averaged 6.8 percent last year, softening substantially ...
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Quiksilver Weighs Strategic Options For Its Loss-making Hardgoods
“We are looking at every possible alternative concerning the hardgoods, and like I said before, everything is on the table,” said Bob McKnight, chairman and chief executive of the Quiksilver group, in reporting a net loss of $4,800,000 for the 2nd quarter ended Apr. 30, against a profit of $3,729,000 ...
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Chinese Group Is Set To Take Over Debt-ridden Sergio Tacchini
H4T, a company controlled by Billy Ngok, head of Hembly International Holdings Ltd. of Hong Kong, has reached an agreement to take over Tacchini Group, the holding company of Sergio Tacchini, in two stages. In a first step, H4T will have a lease over the ailing Italian sportswear group, with ...
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Elmec Is Sold In A Share Deal
Elmec Sport, a large Greek wholesaler and retailer that sells the products of Nike, Converse, Helly Hansen, Technogym and a variety of casual sportswear brands in Greece, Cyprus, Romania and Bulgaria, is consolidating its recent entry into the department store business with a merger deal that should give it added ...
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Management Buy-out At Sunderland
The management of Sunderland of Scotland has taken over the company from the British Harris Watson group, which continues to market two other golf apparel brands, Lyle & Scott and Bobby Jones. In addition to four members of Sunderland’s management, a new shareholder of this golf outerwear specialist is Kevin ...
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Basicnet To Buy Superga For €23 Million
BasicNet has reached an agreement to buy the Superga brand for €23 million from Formula Sport Group, which is currently in liquidation proceedings. The Turin-based group has had the worldwide licence for Superga since January 2004 and had a 4-year option since the beginning of this year to buy the ...
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Airesis Acquires The Balance Of Boards & More
The Swiss holding company has increased from 66 to 100 percent its stake in Boards & More, the company that holds the brand rights for Mistral, North Kiteboarding, Ion, Fanatic and North Sails. Airesis had previously sought to sell the company, bought from Klaus Jacobs in 2003, to concentrate on ...
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Adidas Creates More Business Units In Europe
Adidas has split its former Area Central into two new geographical business units in order to give more focus to the brand’s growth in Eastern Europe, as part of its “Win the Consumer” strategy. Like the Nordics unit, they will both be headed up by a general manager with full ...
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Adidas Eyes New Record In Football Sales
Adidas is confident that the European football championships, to be held in Austria and Switzerland in 2008, will help the brand to surpass the record level of €1.2 billion it attained in football products in 2006 thanks to the World Cup, said Herbert Hainer, Adidas’ chief executive. At a series ...
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Diadora Is Improving
Diadora has reported a net profit of €2,940,000 for 2006, compared with a loss of €12,671,000 in the previous year. The Italian company would have suffered another loss without an extraordinary gain from the sale of Invicta to Seven in March 2006. Excluding Invicta, Diadora booked a smaller operating loss, ...
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Profit Declines At Lotto
Costs associated with the takeover of Etonic led Lotto Sport Italia to post a net profit of only €0.8 million in 2006, down from €2.9 million in the previous year. Increased operating expenses did not prevent the company from raising its operating income before amortization and depreciation (EBITDA) slightly to ...
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Babolat Continues To Grow
Last Sunday’s victory of Rafael Nadal in the men’s finals of the Roland Garros tennis tournament in Paris is expected to give a new impulse to the brand globally and in Spain, where the French tennis brand has already reached the #1 spot in value. Another Spanish tennis champion who ...
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Growing Peak Performance Boosts Top Management, Seeks Bigger Role In Golf
The Swedish company is creating new top positions within its management in order to bring forward its business outside Scandinavia. On July 17, Jörgen Weiss will assume the position of international sales director of Peak Performance, operating out of the Munich headquarters for Continental Europe. Weiss, previously European sales manager ...
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Mizuno Improves Everywhere
Mizuno’s revenues grew by 6 percent to ¥161.7 billion (€986.6m-$1,327.9m) for the year ended March 31, but net income dropped by 63 percent to ¥2.84 billion (€17.3m-$23.3m)because of an adjusted corporate tax gain in the previous year. Operating income was up by 11 percent. By region, turnover inched ...
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Warm Weather Causes Casualties In German Trade
Reports in the German press indicate that the outdoor market there is booming, thanks to warm and sunny weather since January, and that this has led to some shortages. Companies that are producing outdoor boots in Germany, such as Meindl, are reportedly responding to the strong demand through overtime labor. ...
