Latest Headlines – Page 464
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O’Neill Europe Is Shaken By A Battle For Control And The Loss Of Its Ceo
An intense battle is raging in the Netherlands over the ownership of Joint Services International (JSI), the company that holds the license for O’Neill in Europe. Marcel Boekhoorn, a deep-pocketed Dutch investor, has offered €160 million for the company, trumping another bid by a consortium that includes Theo Dietz, JSI’s ...
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Dutch Retailer Expands Abroad, Claiming Ownership Of The Sports World Trade Name
A legal dispute is likely to emerge around the ownership of the Sports World name, as a Dutch retailer is seeking expansion under that banner in the Netherlands and Spain. The Dutch Sports World claims that it has registered the name for the entire Benelux region, while the eponymous English ...
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Sport 2000 Stops The Deal With Amazon
Deeply attached to their traditions, the retail members of Sport 2000 in Germany have responded with furor to the letter circulated a few days ago by the management of the buying group, announcing the board decision to strike a strategic alliance with the Amazon.de internet portal. As a result, Sport ...
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Karstadt Improves Its Finances
Karstadt-Quelle has orchestrated a major leaseback deal that will allow the German retail group to reduce its reported debt sharply. The real estate assets related to 12 of the company’s 24 Karstadt Sporthouses, to 85 of its remaining department stores and to a variety of other structures are being sold ...
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Titus Refocuses On Retailing
After three years of losses, Titus, the German skateboarding company, has closed down its wholesale distribution business and divested nearly all other side activities to concentrate exclusively on retailing. Just three years ago Titus chalked up sales of about €70 million, with a raft of production, distribution and marketing ...
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Adidas And Reebok Drop Out Of Ispo
Adidas has announced that it will stop showing at ISPO, the fair that it helped to create as the occupant of Hall 1 in the former fairgrounds in downtown Munich. The decision also applies to Reebok, another big brand which it has just bought. The Big a, which has been ...
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Columbia Sportswear Acquires Pacific Trail Brands
Columbia Sportswear outbid Perry Ellis for the acquisition of Pacific Trail, a low-priced American outerwear label, and its four secondary brands - Towne outerwear and rainwear, Pac Tec performance outerwear, Black Dot surf apparel and Moonstone mountain equipment. Columbia landed the Pacific Trail portfolio for $20.4 million, 41 percent higher ...
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New Balance Accelerates Growth In Europe To Over 20%
While its sales in the USA were relatively flat at just over $1 billion last year, New Balance is in a clear growth mode in Europe, where the company has much more potential. Its revenues in the Europe, Middle East and Africa (EMEA) region grew by 22 percent to £59 ...
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Asics Grows Very Fast In Europe, Too
Like New Balance, ASICS may be benefitting in part from Adidas’ and Nike’s strong focus on football in the run-up to this year’s World Cup to consolidate their strong positions in the running segment of the European market. Both brands are very old, too, and they are both capitalizing on ...
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New European Sales Manager For Cascade Designs
Bruno Coffre, who acted as European sales manager at New Balance until last October, has been recruited as European sales director of Cascade Designs. This job was previously handled by Schuyler Horton, who has been promoted to the new position of global sales manager, based at the outdoor equipment company’s ...
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Exel Teams Up With Reebok For Nordic Walking In America
Exel Oy, the Finnish company that spread Nordic Walking in Europe, has teamed up with Reebok to promote the sport in the American market. The collaboration is steered by Exel’s U.S. subsidiary in Georgia, Vermont. The Finnish company has been trying to popularize Nordic Walking in North America for several ...
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Gaastra Is Set To Double Revenues
Gaastra Sportswear, the Dutch nautical and lifestyle apparel brand, has set out a goal to double its sales over the next three years through the development of its export business and of its range of women’s clothing. The growth in these two fields of activity lifted up Gaastra’s overall turnover ...
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Li Ning Reports Increases
Li Ning is entering important new accounts such as El Corte Inglés in Spain. However, stressing that the brand holds third place for market share in China behind Nike and Adidas, Li Ning says it will continue to focus on its home market for at least three more years, until ...
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Sport 2000 Welcomes Amazon As A Retail Member In Germany
Amazon.de, the German subsidiary of Amazon.com, was going to set up its own sporting goods portal. To this effect, it approached Sport 2000 last November to explore opportunities for cooperation. After some initial scepticism and a series of discussions and the consent of its advisory board, Sport 2000 Deutschland has ...
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E-commerce Escapes The Uk Sports Market’S Downturn
The UK market for athletic shoes and apparel declined in 2005, according to research done by NPD Sports Tracking Europe, cancelling the strong gains of the previous year, but sales of these products over the internet rose sharply. Overall, retail sales of athletic shoes slid by 0.1 percent to about ...
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Decathlon Grows By 9.4%
Décathlon saw its operating profit before amortization and tax (EBITDA) increase by 4.3 percent to €388.2 million in 2005 on 9.4 percent higher sales of €3,741 million before VAT. On a comparable basis, sales rose by 5.3 percent, but most of the growth took place outside France, whose share of ...
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Europe Is Nike’S Biggest Challenge Now
Western Europe is probably “the most challenging market” in the world for Nike at the moment, says Charlie Denson, the former European manager who recently became sole manager of the Nike brand worldwide, and some company officials predict that it may take another two quarters before the company will be ...
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Pentland Gets A Stake In Medium Design
Medium Design has bought a 50 percent stake in Medium Design Group, a company based in Santa Barbara, California that puts out an American brand of luxury sneakers called Medium, generating annual sales of about $3.5 million. The balance of the shares will remain in the hands of Eric Meyer, ...
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Sergio Tacchini Launches A Big “Sport Ego” Campaign
While raising its total advertising and sports marketing budget to 16 percent of sales this year, Sergio Tacchini is launching a new advertising campaign in Europe around the “Sport Ego” tagline, in an effort to project a younger, more cosmopolitan and more dynamic image of the brand. To develop its ...
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Under Amour Beefs Up European Operations
Tony O’Neill, who previously headed up sales in continental Europe at TaylorMade-Adidas Golf, has been appointed as European sales director of Under Armour, based at the company’s new European office in Amsterdam. He reports to Ryan Wood, one of the company’s founding shareholders, who has moved there as president of ...
