News Briefs – Page 462
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News briefs
Speculation has heightened around the potential sale of Puma after...
Speculation has heightened around the potential sale of Puma after Challenges, a French business magazine, reported that Rothschild & Co has been hired to study various options. Kering, the French luxury group, bought Puma for about €5.3 billion in 2007. The brand's performance has greatly improved in the last three ...
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Bruno Sälzer, supervisory board chairman at Amer Sports, has told...
Bruno Sälzer, supervisory board chairman at Amer Sports, has told Handelsblatt that the Finnish group wants to grow through organic expansion as well as acquisitions, for which it has “a few hundred million” euro at its disposal. The company owns 12 brands, and its latest acquisition was Armada, the U.S. ...
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News briefs
Amer Sports is repurchasing up to 10,000 of its own...
Amer Sports is repurchasing up to 10,000 of its own shares until next March 7. Meanwhile, Bruno Sälzer, who was elected chairman of the board last March, has been buying shares in the company as well.
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Eurazeo has announced the sale of 8,500,000 shares of Moncler...
Eurazeo has announced the sale of 8,500,000 shares of Moncler S.p.A. through its subsidiary ECIP M S.A. at a price of €24.48 per share, for a total amount of around €208 million. As a result of the sale, ECIP M S.A. will hold 5.31 percent of the share capital and ...
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News briefs
Sportamore, the Swedish online sporting goods retailer, has switched to...
Sportamore, the Swedish online sporting goods retailer, has switched to a new warehouse, but the move did not quite go as planned. The start of the project was delayed by one month, causing about 35 percent of the range offered on its website not to be available for shipment. As ...
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News briefs
Edelski, the 15-year-old Swiss company that makes and sells Zai...
Edelski, the 15-year-old Swiss company that makes and sells Zai skis, has decided to stop manufacturing it at its own factory at Dissentis as of next March because of excessive costs. The company has already developed a line for the next season that will be made at another Swiss plant. ...
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News briefs
Conte of Florence, the Italian brand of golf clothing, has...
Conte of Florence, the Italian brand of golf clothing, has reportedly gone again into bankruptcy proceedings after a year in which it had a loss of €3 million on sales of €28.4 million. Creditors are being offered a settlement on the basis of 20 percent of the outstanding debt. The ...
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News briefs
Nicolas Préault, 51, will be the new chief executive of...
Nicolas Préault, 51, will be the new chief executive of Tecnifibre, the French tennis equipment company in which Lacoste acquired an 80 percent stake a few months ago, starting early next year, according to sport-guide.com. Préault has been the general manager of Arena France since 2003. He previously worked for ...
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News briefs
Lee Holman, senior vice president and creative director of Lululemon,...
Lee Holman, senior vice president and creative director of Lululemon, is leaving at the end of this year for personal reasons. A former creative director for Burberry and Nike Sportswear, he had joined the Canadian company in 2014.
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News briefs
Casey Sheahan, who had announced his retirement last month after...
Casey Sheahan, who had announced his retirement last month after one year as president of Keen Footwear, is going back into active duty as chief executive of Simms Fishing Products, while that company's president and majority owner, K.C. Walsh, will become executive board chairman. Sheahan served as president of Patagonia ...
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News briefs
Jörg Wahlers, former chief operating officer and chief financial officer...
Jörg Wahlers, former chief operating officer and chief financial officer at Escada, has taken up the same functions at Jack Wolfskin from Sept. 27. Wahlers takes over the CFO function from Axel Mau, who joined the German outdoor company in 2015 and left in August. But the combination with the ...
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Christopher (Chris) T. Metz is the new chief executive of...
Christopher (Chris) T. Metz is the new chief executive of Vista Outdoor, parent company of Camelbak, Bushnell, Giro and many other brands in the outdoor and firarms sectors. He takes the place of Mark DeYoung, who resigned abruptly a few weeks ago. Metz has been the president and CEO of ...
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News briefs
Dac Sport Import will handle the distribution in Switzerland of...
Dac Sport Import will handle the distribution in Switzerland of the brands previously represented by another distributor, Sport Concept, following a merger of the two companies. Founded in 1985, Sport Concept has been until recently the Swiss distributor of Hestra, Montura, Timbuk2 and other brands. It lost the distribution of ...
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News briefs
Adidas has unveiled a new app that is meant to...
Adidas has unveiled a new app that is meant to deliver a personalized shopping experience. The Adidas Sports & Style app uses Salesforce technology including Commerce Cloud, Marketing Cloud and Service Cloud. The app gets to know the consumer's preferences, and proposes personalized news stories, blog posts, articles, videos and ...
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News briefs
Intersport Twinsport, the largest Intersport retailer in the Netherlands with...
Intersport Twinsport, the largest Intersport retailer in the Netherlands with 12 stores, has agreed to take over another five stores from Intersport Duo. The five outlets neatly complement Twinsport's business as they are situated in the province of North Holland, not far from Amsterdam. The Twinsport stores are in other ...
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News briefs
Snowleader, a French online retailer of snow sports products, has...
Snowleader, a French online retailer of snow sports products, has added Spain to the country list of its online boutiques, with the launch of a new “.es” e-commerce site. The announcement was made by Thomas Rouault, the co-founder and chief executive of Snowleader, on the occasion of the first conference ...
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2XU has signed a partnership agreement with GXG, a Chinese...
2XU has signed a partnership agreement with GXG, a Chinese fashion retailer, which will make 2XU products widely available to Chinese consumers. 2XU is planning to open up to 50 retail stores in mainland China over the next three years. 2XU currently operates 26 retail and outlet stores in Australia ...
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News briefs
Flipkart has reportedly formed a partnership with Decathlon to sell...
Flipkart has reportedly formed a partnership with Decathlon to sell the French retailer's private labels, in a bid to increase its share in the growing Indian sports retail market. The Indian e-commerce giant is said to have a customer base of over 100 million, which will allow Decathlon to increase ...
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News briefs
Tor-Andre Skeie, who plays a key role with two Norwegian...
Tor-Andre Skeie, who plays a key role with two Norwegian sporting goods retailers, Sport Outlet and Sport Norway, has been named as a finalist for this year's Entrepreneur of the Year, organized by Ernst & Young, across all categories for the West region of the country. Skeie was nominated for ...
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News briefs
Descente's net income declined by 8.9 percent to 2,440 million...
Descente's net income declined by 8.9 percent to 2,440 million yen (€18.5m-$21.5m) in the second quarter ended Sept. 30, while its total sales went up by 5.4 percent to ¥65.9 billion (€499.0m-$581.6m), with increases of 7 percent in the athletic category and 4 percent in golf, partly offset by a drop ...
