News Briefs – Page 568
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News briefs
Nassef Sawiris, the Egyptian billionaire whose investment fund directly and...
Nassef Sawiris, the Egyptian billionaire whose investment fund directly and indirectly controls 6 percent of voting rights in Adidas, told Reuters that he wants “constructive dialogue” with the German company. Herbert Hainer, the group's chief executive, said in a conference call earlier this month that Adidas was always open to ...
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Misfit, the U.S. maker of wearable fitness trackers, is to...
Misfit, the U.S. maker of wearable fitness trackers, is to be taken over for $260 million by Fossil Group, a watchmaker based in Texas. Fossil sells its own brands, Fossil and Skagen, and it holds licenses for several others, from Adidas to Michael Kors and Diesel. Sonny Vu, chief executive ...
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Bondholders of Sympatex Holding have rejected a proposal to get...
Bondholders of Sympatex Holding have rejected a proposal to get their bonds redeemed ahead of their maturity for 101 percent of their value, and this should make it more difficult for shareholders to sell parts of the group to interested parties. Only creditors representing 21.6 percent of the €13 million ...
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A Hong Kong-based financial service company registered in the Seychelles...
A Hong Kong-based financial service company registered in the Seychelles islands, Yucheng International, has agreed to acquire the 64.15 percent stake held by Pegasus Footgear Management in its shoe factory in Guangzhou, Pegasus International Holding, subject to various conditions. It would subsequently make a bid for the remaining shares of ...
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Fischer Skis U.S. has appointed Ryan Leach as its president...
Fischer Skis U.S. has appointed Ryan Leach as its president and chief executive, starting from Nov. 30. Leach has been an independent sales representative for Atomic since 2008, but before that he held the same job for Fischer. Leach takes over from Willy Booker, who was appointed at the helm ...
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News briefs
Puma has promoted Stefan Gnad as its new head of...
Puma has promoted Stefan Gnad as its new head of golf for Cobra Puma Golf Dach & Benelux. He will lead the Cobra Golf and Puma Golf business including footwear, apparel, equipment and accessories in the Dach & Benelux regions which comprise Germany, Austria, Switzerland, Belgium, the Netherlands and Luxembourg. ...
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News briefs
Mark Parker, Nike's chief executive officer, has been named Fortune's...
Mark Parker, Nike's chief executive officer, has been named Fortune's Businessperson of the Year. The magazine noted that since Parker took over the role in 2006, Nike Inc.'s sales have more than doubled. In October, during Nike's Investor Day in Beaverton, Oregon, Parker announced he expects the company's sales to ...
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News briefs
The prospective change of chief executive at the Adidas Group,...
The prospective change of chief executive at the Adidas Group, scheduled for 2017 at the latest, is leading to increasing speculation, with a report in Der Spiegel that leading executives from several rival companies were approached for the job. Adidas confirmed in February that it had launched a formal search ...
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Dorel Sports, a division of Dorel Industries, has announced the...
Dorel Sports, a division of Dorel Industries, has announced the promotion of Nick Larsen to global head of parts and accessories for its Cycling Sports Group. Larsen, who was previously creative director of parts and accessories, will now oversee all aspects of the business from product development to distribution and ...
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Hannes Rumer is joining the executive board of Intersport Germany...
Hannes Rumer is joining the executive board of Intersport Germany as finance director. The 39-year-old Austrian manager worked at Apax Partners before handling finance, controlling and IT at Takko Fashion, where he was also involved in the chain's strategic repositioning. Rumer joins the chief executive of Intersport Germany, Kim Roether, ...
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A new top management is taking over at Galeria Kaufhof,...
A new top management is taking over at Galeria Kaufhof, the German department store organization that owns the Kaufhof Sportarena stores, following the retail group's takeover by Hudson's Bay. The executive board has been reduced from six to four members, with Olivier Van den Bossche acting as chief executive in ...
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Armin Weger will be the new chief executive of Engelhorn...
Armin Weger will be the new chief executive of Engelhorn Sports, the sports retailer based in Mannheim, replacing Markus Rech who has moved to SportScheck. He comes from another German sports and fashion retailer, Dodendorf.
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Another former Puma executive has moved into the eyewear business....
Another former Puma executive has moved into the eyewear business. Jörg Zobel, 43, has become the new chief executive of Eschenbach Optik, the largest eyewear producer in Germany and a major global supplier of low-vision equipment, taking the place of Wolfgang Rebstock, who has retired. Zobel joined Puma in 2003 ...
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News briefs
Richard (Rick) Mina has become president of WSS, an American...
Richard (Rick) Mina has become president of WSS, an American shoe retailer with 68 stores, catering to Latin American and other urban communities, which has started to expand from its base in Southern California. Mina, who replaces Mark Archer, has a long history in the specialty retail sector. Among other ...
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News briefs
Scott Sports and John Struthers, who is said to be...
Scott Sports and John Struthers, who is said to be the largest wholesale distributor of bicycles and bike parts in Australia and New Zealand, have formed two new joint companies, Sheppard Cycles Australia and Sheppard Cycles New Zealand. Steve Praskevas, who will act as managing director of the two new ...
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Sport Partner reports that Decathlon is opening two stores in...
Sport Partner reports that Decathlon is opening two stores in the Netherlands, in Rotterdam city center and in the southern city of Breda. While the French retailer's expansion long appeared to be stuck in the Netherlands, the two openings will increase the network from four to six stores. The location ...
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Puma opened a flagship store in the trendy Hackescher Markt...
Puma opened a flagship store in the trendy Hackescher Markt area of the German capital last week. The new store in Berlin Mitte has adopted Puma's Forever Faster concept on a surface of about 450 square meters. It offers a range of performance and sport style products, along with exclusive ...
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News briefs
Mountain Warehouse, one of the major outdoor retailers in the...
Mountain Warehouse, one of the major outdoor retailers in the U.K., is launching a new chain of stores, called Zakti, that will cover gym, yoga, running, cycling, snow sports, dance and swimming, according to Retail Week. Competing against Sweaty Betty, it will initially target women. Zakti is opening two stores ...
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Decathlon is deploying radio frequency identification (RFID) chips in more...
Decathlon is deploying radio frequency identification (RFID) chips in more than 400 stores around the world and extending its RFID source-tagging program to millions of products. Checkpoint Systems is acting as service provider, supplying the encoded labels to vendors through its service bureaus in Asia and Europe. RFID-based antennas have ...
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News briefs
SportScheck has opened its 20th store in Aachen, which makes...
SportScheck has opened its 20th store in Aachen, which makes utmost use of multichannel capabilities. The 2,300-square-meter store greets the customer with eye-catching 3D multi-media displays at the entrance. It provides for click and connect and same-day delivery. The salespeople are equipped with iPads to support their advice function. Quick ...
