Nike and Reebok have co-existed somewhat peacefully on the legal front over the last 25 years despite a turbulent and very competitive fight in the 80’s over the top spot in the U.S. athletic footwear market…
Author: Thomas J. Ryan
Thomas J. Ryan
Senior Business Editor | SGB Media
tryan@sgbonline.com | 917.375.4699
American Apparel/Endeavor Merger Moves Ahead
Endeavor Acquisition Corp. said it had been advised by American Apparel that the company will post at least $30 million pro-forma EBITDA for the fiscal year ending December 31, 2006. Under the terms of the merger agreement, American Apparel was required t
Puma Shares Rise On PPR Takeover Rumors
Shares of Puma stock rose almost 10% last Thursday on market talk that French luxury-goods retail group PPR is in advanced talks with the sportswear manufacturer’s largest shareholder to buy its 30% stake and then make a bid for the rest. A deal would val
adidas to Consolidate Distribution in Spartanburg, SC
The adidas Group will consolidate the adidas brand’s current apparel distribution center in Hebron, Ky., a footwear distribution center in Spartanburg, S.C., Reebok’s apparel distribution center in Memphis, Tenn., and Reebok’s footwear distribution center
Nike and adidas Take Soccer Jersey Battle to Brazil
Reports out of Brazil have adidas making overtures to the Brazilian Football Confederation (CBF) to become sponsor. The CBF's current contract with rival Nike is set to expire in 2018 with adidas' bid reportedly far outpacing the current level s
Reebok Launches $30mm Running-Focused Ad Campaign
While doing battle in court, Reebok also took a swipe at Nike's “Just Do It” slogan on the street. One of the poster ads as part of its $30 million “Run Easy” campaign showing a runner in pain exclaims, “What are you just doing? Run easy.”…
Remington Sold to Cerberus for $370 Million
Remington Arms Co. Inc. has agreed to be acquired by private equity firm Cerberus Capital Management LP for $370 million. The purchase priced includes $118 million in cash as well as the assumption of $252 million of debt, including a revolving credit lin
Foot Locker to Give New Apparel Brand a Boost
In mid-April, Foot Locker will launch ZipWay, a new athletic apparel line, at 150 of its stores across the country on Friday with the brand’s new tear-away pants that feature zippered enclosure as opposed to the typical snaps…
VF Corp. Acquires TNF China Biz
VF Corporation has acquired The North Face branded business in China from its licensee, Korea-based Youngone Corporation. VF will now take over the business in China, where the company sees a potential for $40 million in revenues within five years…
Bass Pro Buys Back 13% Stake
Gaylord Entertainment Co. is selling its stake in Bass Pro Group, owner of Bass Pro Shops, back to Bass Pro for $222 million. The deal is expected to close during the second quarter. Gaylord Entertainment, a public company that is traded on New York Stock
Nike Cuts Ties with Trek
Nike plans to drop most of its cycling apparel and footwear line for consumers as it narrows its focus to outfitting cycling teams and Nike-endorsed athletes. Nike's seven-year relationship with Trek Bicycle Corp., which produces clothing and shoes f
Walking Co. Net Drops 15% in 2006
Profits at The Walking Co. dropped 15% to $2.3 million from $2.7 million in 2006. Revenues jumped 55.9% to $135.7 million from $87 million…
Jetboil Hires Lathrop as VP of Sales
Jetboil has been on a rapid growth curve for the past three years, grabbing market share from many of its competitors in the backcountry cooking segment of the outdoor market and re-inventing the stove category. According to info collected by SportScanINF
Outdoor U. Launches 2007 Events
OIA’s Outdoor University has finalized its program and speaker agenda for 2007 events. The program will be offered at four sessions across the country – Rendezvous Conference/Outdoor University Workshop, EORA Southeast Show, ORA/MRA Midwest Rep Show, and
Fila Announces New Management Team
Fila Korea Ltd. and its holding company Global
Leading Brands House (GLBH) said Yoon-Soo (Gene) Yoon, Chairman and CEO of Fila Korea, will become Chairman of GLBH and Fila. Former Fila CEO Jon Epstein will serve as the company's president of Fila USA
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