Teresa Hartford | Page 137 | SGB Media Online

Veltec Becomes Descente Licensee

February 1, 2008 SGB Executive SGB Update

Veltec has signed an agreement with Descente, Ltd. to become the licensee of the Descente brand for the cycling, triathlon, running and fitness markets, in North America and Europe beginning February 1. Descente will be a part of Veltec’s newly formed sof

Ashworth Names Director of Sales for Sunice in U.S.

January 30, 2008 SGB Update

Ashworth, Inc. has named golf apparel industry veteran Chuck Sakmann as director of sales to help launch the company’s recently-acquired, Montreal-based Sunice brand of technical outerwear in the United States. The Pennsylvania-based Sakmann also will man

JJB Supports Nike’s Bid to Buy Umbro

January 29, 2008 SGB Update

JJB Sports said in a statement it has agreed to vote its 10.12% stake in Umbro in favor of Nike's £285 million ($564.8 million) bid for Umbro PLC.

Nautilus Ends Shareholder Rights Plan

January 28, 2008 SGB Update

Nautilus, Inc. has terminated its Shareholder Rights Plan. Under the Plan, one right was distributed for each share of Nautilus common stock outstanding as of November 8, 2007. Effective the date of the Plan, any person or group acquiring 20% or more of t

Kellwood to Allow Shareholders to Decide on Sun Capital Deal

January 28, 2008 SGB Update

Kellwood Company intends to remove all impediments to the $21.00 per share cash tender offer made by an affiliate of Sun Capital Securities Group so that it can be consummated on February 12, 2008 if a majority of the shares are tendered. Kellwood will ap

Sport Supply Raises Guidance on 10% Q2 Sales Growth

January 28, 2008 SGB Update

Sport Supply Group, Inc. reported net income of 4 cents per diluted share for the fiscal second quarter ended Dec. 31, 2007. The record profit compared to a loss of 9 cents for the year-ago quarter. After posting the net gain, the company increased its ea

Delta Apparel Posts Q2 Loss as Sales Decline 5.6%

January 25, 2008 SGB Executive SGB Update

Delta Apparel, Inc. reported a 5.6% decline in fiscal second quarter net revenues to $68.8 million from $72.9 million last year due to lower FunTees sales. Retail-Ready sales, which includes Soffe and Junkfood, increased 7.1% to $27.7 million for the quar

Mizuno Launches New ‘Never Settle’ Tagline

January 25, 2008 SGB Executive SGB Update

Mizuno Corporation, having celebrated its 100-year anniversary in 2006, is launching a new global tagline in 2008, Ashita Kit-to Dekiru, locally adapted for the North American markets as – Never Settle…

OBIT: Bob Humphrey of Schutt Sports

January 25, 2008 SGB Executive SGB Update

Bob Humphrey, the second-generation former owner of Schutt Sports, Inc., manufacturer of football helmets and faceguards, died Wednesday, January 24, 2008. He was 76. Mr. Humphrey was the son of Del Humphrey, who purchased Schutt Manufacturing Company in

Fortune Brands Sees Double-Digit Sales Growth From Golf Business

January 25, 2008 SGB Update

Fortune Brands, Inc. reported a fourth-quarter revenue record, benefiting from double-digit sales increases for the company’s distilled spirits and golf brands. Net sales from continuing operations were $2.22 billion, up 1%. For the Acushnet Golf division

Pacific Sunwear Names Henry as SVP, CFO

January 25, 2008 SGB Update

Pacific Sunwear of California, Inc. has named Michael Henry as SVP and CFO of the company. Mr. Henry had been serving as interim CFO since November 2007…

REI Partners With eVent for New Outerwear Collection

January 25, 2008 SGB Update

Recreational Equipment, Inc. has collaborated with eVent fabrics in the development of the retailer’s new high-performance outerwear collection constructed with eVent three-ply waterproof breathable fabric. When introduced next fall, REI Gear & Apparel –

Youth Outdoor Legacy Fund Gives Grants to 3 New Orgs for 2008

January 25, 2008 SGB Update

The Youth Outdoor Legacy Fund’s (YOLF) first-year grant awards in 2008 are focusing on the important connection and introduction that mentors make to kids who do not have the opportunity to learn about their own backyard and what is beyond it. For 2008, o

TaylorMade-adidas Golf Sees Return of Abeles as SVP, GM of U.S.

January 24, 2008 SGB Executive

TaylorMade-adidas Golf Company has named David Abeles senior vice president and general manager for the TaylorMade Golf United States business unit. Abeles, formerly the vice president of sales and marketing for Cobra Golf, will oversee the 350-person for

New Balance Names China, Brazil General Managers

January 24, 2008 SGB Executive

New Balance took a close look at its international operations, naming general managers for both Brazil and China. Gustavo Hildenbrand has been named General Manager for Brazil, while Michael Wellman has been named General Manager for China…