News Briefs – Page 434
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News briefs
Joma Sport has been awarded an AENOR Quality Management System...
Joma Sport has been awarded an AENOR Quality Management System certificate, which recognizes that the company complies with the requirements established by the UNE-EN ISO 9001 standard, and that it has implemented a quality management system that aims at continuous improvement. This certification is based on the ISO 9001 standard, ...
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News briefs
Dorel Industries has sold the Sugoi and Sombrio brands to...
Dorel Industries has sold the Sugoi and Sombrio brands to Louis Garneau Sports. For Garneau, this strategic acquisition is meant to reinforce its positioning on the West Coast of both Canada and the U.S. while providing opportunities for growth in Asia and Western Europe. Garneau will keep the sales and ...
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News briefs
On June 20, five days after the publication of its...
On June 20, five days after the publication of its stellar results for the last financial year (see the article in this issue), Canada Goose announced a secondary offering for 10 million subordinate voting shares by three of its shareholders, corresponding to about 9 percent of its equity. Bain Capital, ...
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News briefs
Kasper Rorsted, the Adidas Group's chief executive, has expressed concerns...
Kasper Rorsted, the Adidas Group's chief executive, has expressed concerns about potential over-commercialization of football and dilution of the game's quality, due to an increasing number of competitions and participants. In an interview with Kicker, a German football magazine, he said that Fifa's decision to increase the number of teams ...
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News briefs
Puma France is preparing to invest several million euros to...
Puma France is preparing to invest several million euros to build an enlarged head office in Wacken, just across from the European Parliament in Strasbourg – and a short stroll away from the offices inaugurated by Adidas France a few weeks ago. Established in Illkirch-Graffenstaden, near Strasbourg, Puma France intends ...
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News briefs
The Swix Sport Group is changing its name to Brav,...
The Swix Sport Group is changing its name to Brav, because it has turned into a company with multiple outdoor and winter sports brands. They generate annual sales in the range of one billion Norwegian kroner (€105.0m-$122.6m), about half of them outside of Norway. The Swix Sport Group was formed ...
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News briefs
Intersport PSC Holding, the Swiss licensee for the Intersport banner,...
Intersport PSC Holding, the Swiss licensee for the Intersport banner, is proposing to merge with its parent company, Zelfi Sports Holding, which owns more than 91 percent of its shares. Nothing would change for the employees and the customers. The proposal is set to be endorsed by an extraordinary meeting ...
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News briefs
The German landscape of trade publications is getting more concentrated...
The German landscape of trade publications is getting more concentrated with the acquisition of a national trade magazine, Sport + Mode, by Neue Mediengesellschaft from Verlag Chmielorz. Based in Ulm, Neue Medien had already acquired the leading German trade publication in our sector, SAZ Sport, at the beginning of 2016. ...
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News briefs
Sport Heroes has raised €4 million from Genairgy, an investment...
Sport Heroes has raised €4 million from Genairgy, an investment firm for the family behind Decathlon, to support its expansion. The four year-old startup strives to encourage more people to practice sports, by rewarding physical activity measured through digital devices with discounts on partner brands and services. The company is ...
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News briefs
The L-Fashion Group is acquiring a stake of 49 percent...
The L-Fashion Group is acquiring a stake of 49 percent in Dachstein, the venerable Austrian brand of outdoor shoes. The shares are being sold by the controlling shareholder, Austro Holding, and by the company's chief executive, Oliver Wieser. Christian Wolsegger, Dachstein's sales manager, is taking over his place. More in ...
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News briefs
The Thule Group has entered into a new, more flexible...
The Thule Group has entered into a new, more flexible and more cost-efficient financing agreement that replaces the one it had contracted in connection with its public offering in November 2014. The new revolving credit facility of €300 million has a maturity of five years with an option for a ...
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News briefs
Calida Holding, the Swiss lingerie company that has controlled Lafuma...
Calida Holding, the Swiss lingerie company that has controlled Lafuma since December 2013, has announced the acquisition of a further 8.54 percent stake in the company, by taking over all the shares held by a minority investor, CDC Entreprises Elan PME. With this transaction, Calida's stake rises to 87.70 percent. ...
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News briefs
Eddie Bauer and Pacific Sunwear, two struggling American retail chains...
Eddie Bauer and Pacific Sunwear, two struggling American retail chains that together have a total of 700 stores, are being merged into a single operation for all their back-office functions. They were both taken over by Golden Gate Capital through bankruptcy auctions.
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News briefs
Amer Sports has appointed Jon Hoerauf as president in charge...
Amer Sports has appointed Jon Hoerauf as president in charge of the sports apparel category, a function that is meant to enable faster growth and to take more advantage of synergies in the Finnish group's apparel business. It has re-formed an apparel category structure that includes the Arc'teryx, Salomon and ...
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News briefs
Jon Sinko, who spent the last 20 years in the...
Jon Sinko, who spent the last 20 years in the action sports division of the Adidas Group, has joined Element as vice president in charge of merchandising and design. Sinko was most recently global head of product marketing for skate apparel, footwear, accessories and snowboarding at the Adidas group, based ...
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News briefs
Matthias Jendryschik is leaving the position of German marketing manager...
Matthias Jendryschik is leaving the position of German marketing manager for all the brands of Amer Sports, which he has held for three years, to return to Salomon as the new brand manager for Central Europe. He will be replaced by Julia Schehl, who has been working as Salomon brand ...
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News briefs
In the autumn, Jens Nyström will make a switch from...
In the autumn, Jens Nyström will make a switch from Haglöfs to Björn Borg, where he will assume the comparable position of chief financial officer at the Swedish sportswear and underwear brand. Nyström has a varied resumé, having held the same position with a pharmaceutical company, Sanofi, in Sweden. Previously, ...
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News briefs
Christian Fischer has been appointed as the new product manager...
Christian Fischer has been appointed as the new product manager for Central Europe at Ecco. From July, the 41-year-old replaces Annette Wächtler, who will continue to work as senior category manager for Ecco's shoe collection for women at the company's headquarters in Denmark. Before joining Ecco, Fischer worked for the ...
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News briefs
Kant, the big Russian retailer and wholesaler of sporting goods,...
Kant, the big Russian retailer and wholesaler of sporting goods, has agreed to take over from Sportmaster as the exclusive distributor for Saucony in the Russian Federation, starting with the third quarter of 2018. It is already offering free training in running to its customers, and many of its employees ...
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News briefs
Foot Locker has announced that it is about to test...
Foot Locker has announced that it is about to test a new retail format called Power Store. The information has been released by the retailer's senior management during a conversation with financial analysts, according to reports by Fashion Network. The new format is supposed to offer customers an immersive experience ...
