News Briefs – Page 375
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News briefs
Jerry Turner, founder of American Sporting Goods and Turner Footwear,...
Jerry Turner, founder of American Sporting Goods and Turner Footwear, has died in Los Angeles at the age of 84. Turner was born and raised in Omaha, Nebraska, in the center of the U.S., but was educated on both coasts, ending up with an MBA from Berkeley in California. In ...
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Richard Engelhorn has passed away at the age of 80...
Richard Engelhorn has passed away at the age of 80 after a long illness. For more than 50 years, the German retail executive had been a representative of the third generation of the company that was founded in 1890 by his grandfather, Georg Engelhorn, and Adam Sturn. It was not ...
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Just as we are going to press, we hear that...
Just as we are going to press, we hear that Kjus, the premium Swiss brand of ski and golf clothing, is being acquired by Acushnet Holdings, the golf equipment group controlled by Fila Korea. Kjus' founder, Didi Serena, and his son Nico are expected to continue to be involved in ...
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Anta Sports Products, the new owner of Amer Sports, has...
Anta Sports Products, the new owner of Amer Sports, has denied once again allegations of falsifying its accounts. The latest claim came from a U.S.-based short seller, Muddy Waters, which said that the Chinese company had fraudulently boosted its reported profit margins through the control it has on its distributors. ...
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News briefs
Amer Sports has completed the divestment of Mavic, which is...
Amer Sports has completed the divestment of Mavic, which is now the property of a private equity firm, Regent. The sale will have no impact of Amer's results. The group's cycling business was already listed as discontinued in its financial results for 2018.
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News briefs
KjK Sports, the investment fund that recently acquired Elan, has...
KjK Sports, the investment fund that recently acquired Elan, has signed a definitive agreement to take over Baltic Bicycle Trade, a maker of e-bikes based in Lithuania. The deal should be completed in the third quarter. The fund previously bought a 50 percent stake in an Estonian water sports company, ...
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Puma is folding three companies that it owns into a...
Puma is folding three companies that it owns into a single new entity, called Stichd. Prime among these is Dobotex, which Puma acquired in 2012 and which designs and manufactures bodywear, legwear, swimwear and fanwear for multiple international brands. The company makes Puma socks, while working for other brands. Since ...
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New Balance plans to inaugurate a new factory in Methuen,...
New Balance plans to inaugurate a new factory in Methuen, Massachusetts, in 2020. The 80,000-square-foot facility, whose building was purchased in April, will be the American multinational's sixth in New England and its first to open in two decades. It is costing about $33 million. The Boston Globe reports that ...
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News briefs
Acting through an investment subsidiary called Asics Ventures, Asics Corp....
Acting through an investment subsidiary called Asics Ventures, Asics Corp. has acquired a stake in Curv Labs, a Canadian start-up whose software uses artificial intelligence vision technology to turn the cameras of mobile devices into motion capture tools. This technology allows smartphones and other devices to measure and analyze user ...
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News briefs
Active Brands has acquired the rights to Greater Than A,...
Active Brands has acquired the rights to Greater Than A, the brand of underwear and leisure clothing launched in the spring of 2018 by a Norwegian alpine ski star, Aksel Lund Svindal. The agreement takes effect on November 1, 2019. Active Brands plans to expand the range and to distribute ...
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News briefs
Mips, the Swedish company behind the Mips BPS (Brain Protection...
Mips, the Swedish company behind the Mips BPS (Brain Protection System) supplied to helmet brands, has acquired GlideWear from Tamarack Habilitation Technologies of Blaine, Minnesota. The deal, worth about $1 million, covers the brand name and its associated patents. Tamarack is to retain an eight-year, royalty-free license to use GlideWear ...
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News briefs
Rapala VMC Corp. has agreed to acquire a 49 percent...
Rapala VMC Corp. has agreed to acquire a 49 percent interest in DQC International Corp., known also as 13 Fishing, in exchange for at least $3.1 million in cash and 225,000 treasury shares in Rapala. The cash payment can be raised to a maximum of $5 million based on an ...
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Shimano Nordic just opened a new office complex in Uppsala,...
Shimano Nordic just opened a new office complex in Uppsala, Sweden. The grand opening event gave visitors a look at the new facility as well as information about the company's product portfolio, which also includes the brands Lazer, Pearl Izumi, Vittoria, Kryptonite and Elite.
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Go Sport has sold Tool Fitness to Netquattro, a French...
Go Sport has sold Tool Fitness to Netquattro, a French company specializing in the design and marketing of fitness equipment, training apparel and food supplements. Tool Fitness is a B2B and B2C online retailer of fitness equipment. Go Sport had acquired it in 2015.
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News briefs
Hurley, Nike's boardsports apparel brand, has appointed John Schweitzer as...
Hurley, Nike's boardsports apparel brand, has appointed John Schweitzer as its chief executive and chief financial officer. Schweitzer is replacing Bob Coombes, who was made general manager in 2015, with the departure of Hurley's founder and CEO, Bob Hurley. Schweitzer has been with Nike since 2000 and first served in ...
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News briefs
Fischer Ski has appointed a new general manager, Valter Bozzetto,...
Fischer Ski has appointed a new general manager, Valter Bozzetto, for its Fischer Footwear subsidiary in Montebelluna, taking the place of Andrea Carraro. Bozzetto, who has worked for other sporting goods brands, says he was convinced that he could engineer Fischer's alpine and cross-country ski boots in a more updated ...
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News briefs
All Weather Sports (AWS), the parent company of Dita and...
All Weather Sports (AWS), the parent company of Dita and Nomad, has appointed Roelof de Leeuw as its new chief executive. Most recently, de Leeuw acted as managing director at Bosgroup brands such as Gant, Footwear Maruti and O'Neill footwear. He previously held management and director level positions at Simmer ...
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Life Fitness has made a number of executive appointments. Chris...
Life Fitness has made a number of executive appointments. Chris Clawson has succeeded Jason Worthy as chief executive. Clawson was originally hired by the American gym-equipment brand in 1994 as an executive in product development. He worked there for ten years before departing for Matrix Fitness Systems, where he served ...
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Nautilus has named James “Jim” Barr IV as its new...
Nautilus has named James “Jim” Barr IV as its new chief executive, effective July 29. He will also join Nautilus' board of directors. Barr is a digital/e-commerce veteran, with 12 years of experience as an executive in Microsoft's online businesses. Most recently, he served as group president at Ritchie Bros., ...
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News briefs
Helge Mankowski, a former professional football player and up-to-date managing...
Helge Mankowski, a former professional football player and up-to-date managing director at Intersport Voswinkel, has left the executive board of the sports retail chain, which filed for insolvency protection proceedings under its own administration on April 24 and is currently up for sale. In January 2017, Intersport Germany appointed Mankowski as ...
