Performance Apparel Markets: Business Update, 4th Quarter 2012
This report provides information, analysis and valuable insight on developments relating to the performance apparel industry in the following categories: acquisitions, divestments and mergers; company restructuring; corporate social responsibility (CSR); events; financial results; joint ventures, cooperation, licensing and distribution; legal issues; and new stores. Companies, organisations, brands and events examined in this report include Adidas Group, Apax Partners, Arvind Lifestyle Brands, Billabong, Cole Haan, Columbia Sportswear, Dragon City Management, DyeCoo Textile Systems, Eastern Mountain Sports (EMS), Football Federation Australia (FFA), Greenpeace, Huntsman Textile Effects, Icebreaker, Iconix Brand Group, International Olympic Committee (IOC), ISPO Munich, Li Ning, Llamasoft, Nike, Perry Ellis International, Puma, Quiksilver, Reebok, Sierra Trading Post, TJX Companies, Umbro, Under Armour, Unifi, Universal Fiber Systems, Verdezyne, Versa Capital Management, VF Corporation, Victory Mind Assets and Viva China Holdings.
SUMMARY
ACQUISITIONS, DIVESTMENTS AND MERGERS
Nike has sold its Cole Haan brand to Apax Partners for US$570 mn
Nike has completed the sale of its Umbro brand to Iconix Brand Group for US$225 mn
TJX Companies has acquired Sierra Trading Post, an online discount outdoor wear retailer
Versa Capital Management has acquired Eastern Mountain Sports (EMS)
Victory Mind Assets and Dragon City Management have entered into an agreement to sell a
25.23% stake in Li Ning to Viva China Holdings
COMPANY RESTRUCTURING
Reebok will close its head offices in Europe and the Asia-Pacific region
CORPORATE SOCIAL RESPONSIBILITY (CSR)
A Greenpeace investigation has found that women’s and children’s outdoor clothing sold by major outdoor clothing brands is being manufactured using hazardous substances
EVENTS
ISPO MUNICH WAS HELD DURING FEBRUARY 3-6, 2013
FINANCIAL RESULTS
Adidas
Columbia Sportswear
Nike
Perry Ellis International
Outlook
Puma
Quiksilver
Fourth quarter 2011/12
2011/12
Under Armour
Unifi
VF Corporation
JOINT VENTURES, COOPERATION, LICENSING AND DISTRIBUTION
Arvind Lifestyle Brands has entered into an agreement with Billabong relating to the distribution of Billabong products in India
Huntsman Textile Effects is collaborating with DyeCoo Textile Systems in the development of DyeCoo’s waterless dyeing technology
Nike has entered into a partnership agreement with Llamasoft to co-develop systems which will increase the efficiency of its supply chain
Nike has extended its partnership agreement with Football Federation Australia (FFA) until 2024
The International Olympic Committee (IOC) has entered into an agreement with Nike relating to the supply of products and uniforms for the Olympic Games
Verdezyne has entered into a partnership agreement with Universal Fiber Systems
LEGAL ISSUES
The District Court in Nuremberg has rejected Nike’s request for an injunction to stop Adidas making and selling its Primeknit shoe in Germany
NEW STORES
Icebreaker has opened its first store in Australia
ACQUISITIONS, DIVESTMENTS AND MERGERS
Nike has sold its Cole Haan brand to Apax Partners for US$570 mn
Nike has completed the sale of its Umbro brand to Iconix Brand Group for US$225 mn
TJX Companies has acquired Sierra Trading Post, an online discount outdoor wear retailer
Versa Capital Management has acquired Eastern Mountain Sports (EMS)
Victory Mind Assets and Dragon City Management have entered into an agreement to sell a
25.23% stake in Li Ning to Viva China Holdings
COMPANY RESTRUCTURING
Reebok will close its head offices in Europe and the Asia-Pacific region
CORPORATE SOCIAL RESPONSIBILITY (CSR)
A Greenpeace investigation has found that women’s and children’s outdoor clothing sold by major outdoor clothing brands is being manufactured using hazardous substances
EVENTS
ISPO MUNICH WAS HELD DURING FEBRUARY 3-6, 2013
FINANCIAL RESULTS
Adidas
Columbia Sportswear
Nike
Perry Ellis International
Outlook
Puma
Quiksilver
Fourth quarter 2011/12
2011/12
Under Armour
Unifi
VF Corporation
JOINT VENTURES, COOPERATION, LICENSING AND DISTRIBUTION
Arvind Lifestyle Brands has entered into an agreement with Billabong relating to the distribution of Billabong products in India
Huntsman Textile Effects is collaborating with DyeCoo Textile Systems in the development of DyeCoo’s waterless dyeing technology
Nike has entered into a partnership agreement with Llamasoft to co-develop systems which will increase the efficiency of its supply chain
Nike has extended its partnership agreement with Football Federation Australia (FFA) until 2024
The International Olympic Committee (IOC) has entered into an agreement with Nike relating to the supply of products and uniforms for the Olympic Games
Verdezyne has entered into a partnership agreement with Universal Fiber Systems
LEGAL ISSUES
The District Court in Nuremberg has rejected Nike’s request for an injunction to stop Adidas making and selling its Primeknit shoe in Germany
NEW STORES
Icebreaker has opened its first store in Australia
LIST OF TABLES
Table 1: Adidas: breakdown of revenues by brand, 3 qtr 2011 and 3 qtr 2012
Table 2: Adidas: breakdown of revenues by region, 3 qtr 2011 and 3 qtr 2012
Table 3: Nike: revenues by geographical region, 2 qtr 2011/12 and 2 qtr 2012/13
Table 1: Adidas: breakdown of revenues by brand, 3 qtr 2011 and 3 qtr 2012
Table 2: Adidas: breakdown of revenues by region, 3 qtr 2011 and 3 qtr 2012
Table 3: Nike: revenues by geographical region, 2 qtr 2011/12 and 2 qtr 2012/13
