Benneton Group has finally jettisoned the last of its Benneton Sportsystem brands, inking a deal Friday that will see current Prince management — led by CEO George Napier — partner with Lincolnshire Equity Fund II LP to purchase the former number one te
Author: SGB Media
K2 / Rawlings Complete Deal…
Shareholders from both companies voted Wednesday to approve the deal that will make Rawlings Sporting Goods a wholly owned subsidiary of K2…
Puma Takes Control in Japan…
Puma shares finished up 10% for the week on news that the company raised its 2003 sales growth outlook after it took direct responsibility for its Japanese footwear and accessories business. The new fully owned subsidiary, Puma Japan K.K., will start ope
Hilfiger Lead Growth at Stride Rite…
Stride Rite Corporation saw Q1 2003 net income rise 17% to $8.8 million on solid sales gains for its Keds, Sperry Top-Sider, and Tommy Hilfiger footwear lines. Earnings per share for the quarter ended February 28, 2003 were 22 cents, up from 18 cents fo
Never Bet On A Sucker’s Game…
A recent article in the New York Times started, “If it’s not marked down, America’s shoppers are telling merchants to forget it”. The article went on, “Fewer shoppers are interested…because they have become accustomed to bargains—discounts that are furth
Nike Looks to Asia and Europe for Growth…
The strategy to reduce its exposure at Foot Locker caused U.S. fiscal Q3 footwear revenues to slip and U.S. footwear futures to be move lower, but Nike says sell-through of Nike footwear remains robust and long-term prospects look promising…
Vans Q3 Hit on Skatepark Charge…
It wasn’t long ago that the Vans skateparks represented a revolutionary approach to marketing the brand to the extreme sports crowd. The concept was once the envy of the industry – a marketing concept that pays for itself and eventually becomes a profit
Of Course We’ll Still Buy Shoes…
Consumers may cut back on spending on the traditional “big ticket” items this spring but fewer expect to cut into their Apparel and Footwear purchases…
Wilson Exec Nabbed for eBay Sales…
Even as eBay attempts to make inroads into the sporting goods market with its close alliance with SGMA International and The Super Show’s Financial Day program, it seems that the online auction “e-tailer” has also given rise to opportunists that sell stol
Former Golden Bear Execs Indicted…
The SEC continues to make moves on company executives that have allegedly misused corporate funds or reported false revenues or profits…
Callaway to Sell NHL Licensed Gear…
Callaway Golf Company has signed a deal to make and sell golf products bearing the logos of the National Hockey League and its teams. Callaway will use its Odyssey Golf label to market the licensed goods…
… As They Halt Japan Putter Knockoffs
Callaway Golf Company said last week that two Japan-based golf club sellers have agreed to immediately cease the sale of their “White Shot New Wave Twin Ball” putter…
Rawlings Investor Bolts as K2 Deal Gets Iffy…
Two interesting developments in the K2 / Rawlings acquisition deal last week. On Monday, K2 Chairman and CEO Richard Heckmann confirmed that Rawlings’ Major League Baseball contract is indeed the stumbling block in the acquisition talks between the two c
Cannondale Asset Sale Completed…
Cannondale completed the Section 363 sale of its assets on Friday, enabling the company to emerge from bankruptcy protection within ‘the next several weeks” following the court's anticipated approval of the auction and the subsequent closing of the
Yue Yuen Sees European Shift As Well…
Yue Yuen Industrial Ltd., a subsidiary of manufacturing powerhouse Pou Chen Corp., saw its revenues rise 31% to $611.5 million in its fiscal first quarter, pointing to acquisitions as a driver of revenue growth…
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