Latest Headlines – Page 437
-
Article
Everlast Is To Be Taken Private
A group of private investors led by The Hidary Group – one of Everlast Worldwide’s licensees – have agreed to acquire Everlast Worldwide for $26.50 in cash per share in a deal valuing the company at roughly $146 million. This represents a 14.5 percent premium above the closing price of ...
-
Article
British Outdoor Preview Cancelled, Leaving Oia’S Future Uncertain
After several big-name brands pulled out of the British outdoor show for various reasons, and the exhibitor list shrunk to 30 companies, the UK’s Outdoor Industry Association (OIA) has decided to cancel the next edition of Outdoor Preview, originally slated to take place on July 3-5 in Harrogate. ...
-
Article
After Growing By 8.3% In 2006, Intersport Wants To Enter China For The Olympics
The shareholders of Intersport International Corp. have approved a strategic plan for the medium term that foresees a presence for the world’s largest sport retail organization in China and in other parts of the Asia-Pacific region, with the attainment of certain goals within a certain time frame. As part of ...
-
Article
Foot Locker May Lose Its Bid For Genesco, May Be In For A Rough Year In The Usa
Foot Locker has raised its bid for Genesco to $51 a share in cash, giving a valuation of more than $1.16 billion to the large parent company of Journeys, Naturalizer and other shoe retail and wholesale operations in the USA, and subsequently declared that it would not make a higher ...
-
Article
Payless Will Take Over Stride Rite
Payless ShoeSource and Stride Rite Corporation have announced an agreement, described as definitive, by which Payless, a large American chain of discount-oriented shoe stores, will pay about $800 million to acquire Stride Rite, along with assumption of debt. Payless’ offer of $20.50 in cash per share represents a 32 percent ...
-
Article
Mike Ashley Loses Chairman, Wants To Acquire Newcastle United
There’s never a dull moment with Mike Ashley, the British sports business magnate, who ended the month of May with a bid for the Newcastle United football club and with a change of stewardship at Sports Direct, the recently listed sports retail and wholesale company, in which he still holds ...
-
Article
Puma Backs Ppr’S Offer
Following a board meeting, Jochen Zeitz, Puma’s chief executive, has reiterated the support of the company’s executive and supervisory board for the full takeover bid that Pinault Printemps Redoute (PPR), the French luxury and retail conglomerate, officially launched on May 14 for the 72.9 percent of Puma capital that it ...
-
Article
Nike Maps Out New Social Responsibility Goals, Going Beyong Pakistani Footballs
Nike has selected Silver Star, a Pakistani manufacturing company, to replace Saga as its producer of footballs in the Sialkot region of the country. Nike terminated its contract with Saga because of repeated violations of Nike’s corporate social responsibility policies as Saga was using home-based outsourcing for the sewing of ...
-
Article
Adidas Promotes Right To Play
A limited edition of red mini-footballs went on sale at Adidas stores worldwide and on www.adidas.com today as part of a program intended to bring the positive impact of sport and play to children in disadvantaged communities around the world, in cooperation with an international humanitarian organization called Right to ...
-
Article
Le Coq Boosts Staff As Sales Grow Sharply
Le Coq Sportif, the French sports brand that was taken over in 2005 by Airesis, a Swiss holding company, is targeting sales of about €250 million in five years after an extensive relaunch in Europe and the USA. Judging from its current orders, it should already double sales to about ...
-
Article
One Way Sport Defies The Market
As it continues to grow, the young Finnish-based company, specializing in Nordic fitness poles, has taken on board another former Exel executive, Harald Bierbaumer, who helped to introduce Exel’s Nordic walking concepts in Germany and Austria, running its German subsidiary for 15 years. Bierbaumer, one of the casualties of ...
-
Article
Innovations Continue To Get The Spotlight At Ispo
Besides organizing the first conference on wearable technologies during the first session of its new ISPO Sport & Style fair next month, the ISPO team has a launched a new competition – open for exhibitors and non-exhibitors alike – for the so-called ispo performance award. They will all be able ...
-
Article
Décathlon is investing about €8 million in the first stage...
Décathlon is investing about €8 million in the first stage of a project to set up a new continental logistic platform of 48,000 square meters that will open next year at Prat de Lobregat, near the harbor of Barcelona. Supplementing similar facilities in Marseille, France and Antwerp, Belgium, the new ...
-
Article
Bob Corliss, who has led The Athlete’s Foot for many...
Bob Corliss, who has led The Athlete’s Foot for many years and owned it until recently, has resigned from the company and from its new parent, NexCen Brands, along with his long-time collaborator, Don Camacho. Both executives will continue as transitional advisors through the 3rd quarter of 2007, and then ...
-
Article
Lotto appoints Planet Sports as its exclusive licensee in the...
Lotto appoints Planet Sports as its exclusive licensee in the Philippines through 2011, with a mission to turn the Italian brand into the country’s #1 football brand and #5 sport lifestyle brand. The new licensee has 11 Planet Sports stores and 9 The Athlete’s Foot doors in the Philippines. A ...
-
Article
Shareholders of Head NV approved a resolution at the company’s...
Shareholders of Head NV approved a resolution at the company’s annual meeting in Amsterdam to reduce the nominal value of its shares in connection with the payment of a dividend of 19 cents of a euro per share. Ten institutional investors, who own nearly seven million Head shares, will be ...
-
Article
Ashworth has knocked off 16 positions from its workforce of...
Ashworth has knocked off 16 positions from its workforce of 625 people while it retools its management structure. Eddie J. Fadel, previously senior vice president of merchandising and design before going to the former Greg Norman division of Reebok, will return to the company as president, replacing Gary I Schneiderman. ...
-
Article
Arc’teryx is looking for a new European brand manager as...
Arc’teryx is looking for a new European brand manager as well as a vice president of global marketing as the current European brand manager, Gary Bryant is going to relocate to the head office in Vancouver to take on the new position of vice president of sales, with global responsibilities. ...
-
Article
Spyder Active Sports has named Beverly Nestor, formerly with Adidas-Salomon...
Spyder Active Sports has named Beverly Nestor, formerly with Adidas-Salomon Canada, as its new director of the global supply chain. In this new role she will lead all production planning, inventory management, scheduling and purchasing. The American company has also named Alan Leslie, who previously worked for Nike, Vans and ...
-
Article
Logo International Buys O’Neill Assets For About €300 Million
After several years of legal wrangles and drawn-out negotiations, a Dutch textile magnate has acquired the international rights to the O’Neill trademark as well as O’Neill Europe, the Dutch-based company that has long held licensing rights for the brand in Europe. Sealed at an undisclosed price, the tie-up should enable ...
