Latest Headlines – Page 450
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Première Vision has dropped its buyers’ day, which used to...
Première Vision has dropped its buyers’ day, which used to be the first of the textile trade fair’s four-day event, believing it to be unnecessary since the majority of visitors throughout the fair are buyers.
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Lauren Fox has left as editor of the SGB trade...
Lauren Fox has left as editor of the SGB trade magazine in the UK.
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A Roman publisher, Alberto Donati, has started the 4th Italian...
A Roman publisher, Alberto Donati, has started the 4th Italian sports daily newspaper, called 10.
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Sports Industry Stocks Rise By 25.2%
After ringing up increases of 31.2 percent in 2004 and 23.8 percent in 2005, the stocks of the major publicly listed sporting goods companies around the world clocked a weighted average 25.2 percent increase in their market capitalization in terms of local currencies during 2006. The score came out slightly ...
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Npd Figures Give A Mixed Picture For The European Market
While the Spanish sporting goods market remains on a nice growth path, the Italian market is showing some signs of recovery, but the situation was mixed last year in Germany, in spite of the World Cup of Football. Confirming the statements of some major players, France is joining the UK ...
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Intersport Wins Market Share In Germany
The German sporting goods market rose by about 3 percent in the first 11 months of 2006, boosted in part by the World Cup of football between the months of April and July. October was also a good month, with an increase of 4 percent, but it was offset by ...
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Big Boost For Sporting Goods In Holland
We are going to publish a very comprehensive report on the sporting goods market in the Netherlands and in 12 other countries in Northern Europe early next month. Anyhow things are changing fast for the better in the Dutch sporting goods trade, judging from the latest figures released by Mitex, ...
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Jjb Has Settled With Its Workers
The workers at JJB Sports’ industrial depot in Wigan have had their wages increased, following intervention from the GMB union, Britain’s biggest general union. After five days of strikes, staff across 10 different categories received pay rises of between 25 pence and £1.05 per hour, representing wage increases of between ...
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Adidas Refuses To Enter A Bidding Match With Nike For German Football
Confirming a statement made by Herbert Hainer, the company’s chief executive, to a German newspaper, Süddeutsche Zeitung, a spokesman for Adidas says that the Three Stripes will not engage in a bidding war with Nike to retain the sponsoring rights to the German national football team. Nike has reportedly offered ...
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Vf Is Closing In On New Acquisitions
VF Corp. is negotiating the takeover of Eagle Creek, a strong American brand of travel gear and accessories, distributed in Europe as well, that generated a global turnover of $30 million last year. The company would fall into VF’s Outdoor Coalition group, which had sales of $1.4 billion in the ...
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Stepanek Co-manages Völkl Tennis, Emphasizing Textiles And International
Alexander Stepanek assumes the newly created position of co-managing director for the international business of Völkl Tennis, joining the present managing director, Udo Mûnster, who will concentrate on the German and Austrian markets. Stepanek will coordinate sales of the company’s hardgoods and softgoods in all other territories, including North America. ...
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Industry Veterans Help Greenmaster To Expand In Europe
Greenmaster, one of the biggest OEM manufacturers of fitness equipment, with factories in Taiwan and China, has set up its own distribution operations for the German, Austrian and Italian markets, where it has obtained the right to market a line of home fitness products under the Reebok brand name. This ...
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Freddy Licenses Itochu And Descente For The Japanese Market
For Freddy, Italy’s leader in the marketing and sale of apparel and footwear for fitness, dancing and gymnastics, the deal is part of an ambitious program to expand the export portion of its turnover from 10 to 50 percent of its turnover, which could then reach the magic level of ...
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Casall Seeks Out A Broader Distribution
Leo Dratwa, former sales manager for Apple, Siemens and Fujitsu in Sweden, was recently appointed as international sales director at Casall, the fast-growing Swedish fitness apparel brand. He is striving to spread Casall’s brand more widely across Europe, following a period in which this rather upscale brand has snatched sizeable ...
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Nordic Equity Firm Acquires Helly Hansen, Ponders Other Acquisitions
Altor Equity Partners, a private equity investment firm set up only three years ago by a Swedish entrepreneur, Harald Mix, has agreed to take over 100 percent of the shares of Helly Hansen. According to a Norwegian financial newspaper, Altor is paying about 800 Norwegian kroner (€95.8m-$121.7m) for the company, ...
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Mike Ashley Seeks Outside Financing...
Mike Ashley has asked Merrill Lynch to look into strategic options for his growing personal empire, Sports World International, including its sale to another investor or a possible flotation. Adding that he plans to make a decision on this in the New Year, Ashley reportedly indicated in a short conference ...
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Intersport Denmark Explores A Possible Sale
The board of directors of Intersport Danmark, chaired by Anders Høiris, has decided to explore the opportunity of selling its business to an equity fund or to other investors, following several expressions of interest received over the past few months. However no decision has been made except to request an ...
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Dutch Tax Deal And Its Other Businesses Help Nike To Post Higher Profits
A 10-year tax settlement with the Dutch government helped Nike to post an 8 percent increase in net income to $325.6 million for the 2nd quarter ended Nov. 30, and the weaker dollar contributed one percentage point to its 10 percent increase in revenues for the period to $3.82 billion. ...
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Swedish Eqt Fund Buys Five Seasons, Tenson And Melka
Melka and Tenson, the two Swedish brands of men’s wear and outdoor apparel, have been acquired by EQT Opportunity, a Swedish investment fund, along with Five Seasons, a fast-growing Swedish winter sports and golf apparel brand. EQT Partners, the high-profile private equity company behind the fund, believes that its support ...
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Two Big Changes For Speedo
While announcing the departure of Tony Wood as Speedo’s brand president, Pentland Group says it has granted a master license for the brand to Mitsui for the Japanese market, starting next June 1. Speedo, which is pursuing a multi-category lifestyle strategy, will use Mitsui to manage all licensing activities and ...
