News Briefs – Page 523
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News briefs
Odlo will be an official supplier and partner of the...
Odlo will be an official supplier and partner of the French Nordic ski teams for the next six years, starting this winter. The contract will thus cover the Winter Olympic Games in Pyongyang in 2018 and in Beijing in 2022.
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News briefs
ZEG, the biggest cooperative of independent bike dealers in Europe,...
ZEG, the biggest cooperative of independent bike dealers in Europe, has announced that it will pull out of the Eurobike show in Friedrichshafen. It will invest more of its resources in the ZEG Bike Show in its home town of Cologne, opening it up to non-members. Its next show is ...
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News briefs
After a year's hiatus, the Swesport trade fair near Stockholm...
After a year's hiatus, the Swesport trade fair near Stockholm will be back on Nov. 27-28, but in a new format that caters primarily to independent retailers. Its role diminished after the purchasing activities of the major Swedish sporting goods chains became more centralized. Therefore, Sweden's trade association in the ...
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News briefs
Three sports-related conventions are taking place in Spain this month....
Three sports-related conventions are taking place in Spain this month. More than 130 managers attended the new Sport Business Day, a national conference organized by Diffusion Sport in Madrid on Sept. 20. A few days later, on Sept. 28-29, the European Outdoor Summit in Barcelona is set to welcome more ...
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News briefs
The organizers of the first Sport-Achat fair in Nantes, which...
The organizers of the first Sport-Achat fair in Nantes, which was held a few days after the same fair in Lyon to target buyers from the western half of France, are likely to adjust the timing of the second edition. Although the response was satisfactory, it turned out that quite ...
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News briefs
Asics Corp. has been picked for the second time as...
Asics Corp. has been picked for the second time as a component of the Dow Jones Sustainability Asia/Pacific Index. The Dow Jones Sustainability Indices (DJSI) relate to socially responsible investment and they are jointly determined by S&P Dow Jones and RobecoSAM, an investment firm based in Switzerland. They evaluate the ...
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News briefs
Reef and three of its surf ambassadors have been involved...
Reef and three of its surf ambassadors have been involved in a project this summer to aid young refugees from Afghanistan, Syria and other Middle East countries in the Oinofyta camp in Greece, funding an educational program, the construction of schools and the supply of equipment. The brand has donated ...
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News briefs
Pearl Izumi, the cycling apparel and footwear brand that belongs...
Pearl Izumi, the cycling apparel and footwear brand that belongs to the Shimano group, has decided to pull out of the running category and instead focus on cycling. The exit from the running business, which makes up just over 10 percent of Pearl Izumi's turnover, is effective from January 2017. ...
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News briefs
Callaway Golf has announced the acquisition of Toulon Design, a...
Callaway Golf has announced the acquisition of Toulon Design, a California-based milled putter company specializing in performance-driven design and customization. The terms of the agreement were not disclosed. Sean Toulon, the company's co-founder, will join Callaway as senior vice president of Callaway Golf and general manager of the Odyssey brand.
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News briefs
Skullcandy's board of directors has finally accepted a takeover bid...
Skullcandy's board of directors has finally accepted a takeover bid by Mill Road Capital that values the headphone company at $196.6 million. The deal is expected to close next month. The other bidder, Incipio, declined to make a better offer. It will leave the table with a break-up fee of ...
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News briefs
An indirectly owned subsidiary of 361°, Sanliuyidu Xiamen, has acquired...
An indirectly owned subsidiary of 361°, Sanliuyidu Xiamen, has acquired 80 percent of the shares in the e-commerce service provider of the Chinese brand for RMB 880,000 (€117,230-$131,428). The contract between the two parties was going to end, and 361° said the takeover was the most expedient way of changing ...
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News briefs
Newell Brands is aiming to sell or even shut down...
Newell Brands is aiming to sell or even shut down businesses totaling sales of $250 to 300 million by the end of this year, said its management, giving some indications that Coleman will not be part of the package. It wants to retain brands and geographies that offer the strongest ...
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News briefs
Ocean freight containers are reportedly sitting unattended at ports in...
Ocean freight containers are reportedly sitting unattended at ports in the U.S. and Europe as one of the world's major freight forwarders, Hanjin Shipping of South Korea, has filed for insolvency. Hanjin has also filed for bankruptcy protection from creditors in a U.S. The company has liabilities equivalent to $6.0 ...
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News briefs
Creditors have given Performance Sports Group (PSG), parent company of...
Creditors have given Performance Sports Group (PSG), parent company of Bauer and other brands, an extension from Oct. 5 to Oct. 28 to file its financial statements for the financial year ended May 31, pending an internal investigation of its accounts and those being conducted by U.S. and Canadian regulatory ...
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News briefs
Wolverine Worldwide will invest $1 or $2 million to expand...
Wolverine Worldwide will invest $1 or $2 million to expand its manufacturing plant in Grand Rapids, Michigan, adding 16,000 square feet of space and about two dozen new jobs by early next year. It will the first expansion in 70 years for the facility, which makes mainly shoes and boots ...
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News briefs
Wolverine Worldwide announced on Aug. 16 that it was...
Wolverine Worldwide announced on Aug. 16 that it was going to offer $250 million worth of senior notes to fund the redemption of its outstanding senior notes due 2020, which carry annual interest of 6.125 percent. The new notes have been priced with an interest rate of 5.000 percent, due ...
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News briefs
Alexander Wirth has been promoted to the position of chief...
Alexander Wirth has been promoted to the position of chief executive of Willy Bogner & Co., taking the place of Willy Bogner, who remains as chairman and main shareholder of the German sports apparel company that bears his own name. After the owner's failure to sell the company at a ...
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News briefs
Oliver Wöhrl has given up as chief executive of Wöhrl,...
Oliver Wöhrl has given up as chief executive of Wöhrl, a major German department store chain owned by his family that is trying to avoid insolvency proceedings after applying for bankruptcy protection for one of its subsidiaries. The head of the supervisory board, Andreas E. Mach, is taking over his ...
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News briefs
Stadium, Sweden's largest sporting goods chain continues to switch its...
Stadium, Sweden's largest sporting goods chain continues to switch its management. Magnus Wåhlander will now be leaving his role as country manager in Sweden and become instead HR Director in charge of all personnel within the international retail chain. The new Swedish country manager is Mattias Johansson. He joined Stadium ...
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News briefs
Officials of Intersport France decline to comment until next Tuesday...
Officials of Intersport France decline to comment until next Tuesday about a report in sport-guide.com that Corinne Gensollen, 48, will be the new general manager of the French retail group. She would take the place of François Neukirch, who is planning to start up his own Intersport store at Herblay ...
