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SEPTEMBER 26, 2005 -- According to the Sunday Times (UK), Li Ning Co. considered buying Umbro, Li Ning is a giant retailer and wholesaler in China. It is now looking at other options, including licensing agreements, the Sunday Times newspaper reported. The paper said Li Ning made an informal takeover approach to Umbro this summer but decided against a full-scale takeover after talks.

Nike is to open a 9,000-square-foot factory outlet at the Junction One outlet mall in Antrim, Northern Ireland, this Friday. It will sell footwear, sportswear and accessories with at least 30% off high street prices. More than 3.5 million people have visited Phase One of Junction One center in its first 16 months.


Several industry execs made Forbes list of the 400 richest Americans. Nike's Phil Knight came in #31 with an estimated worth of $6.9 billion. Jim Jannard, founder of Oakley, is said to be worth $1.5 billion, as is Helen Johnson-Leipold, Johnson Outdoors (both #207). Johnson's net worth is very much the result of her family's stake in SC Johnson. Reebok's Paul Fireman turned up as #346 with an estimated net worth of $1.0 billion.


Harris Nesbitt upgraded Dick's to outperform from neutral. It also downgraded Sports Authority to neutral from outperform.


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Quick links: One-click access to topics in this article.

Categories
Apparel
Sporting goods industry

Companies
Li Ning Company
Umbro
Nike Inc.
Antrim LP
Phase One of Junction One

Concepts
net worth
outlet mall
street prices
industry execs
giant retailer

People
Jim Jannard
Helen Johnson-Leipold
Paul Fireman
Harris Nesbitt





 Breaking Headlines
ALSO IN THIS ISSUE:
DECEMBER 01, 2005

Pacific Sunwear's November Sales Rose 12%
DECEMBER 01, 2005

Finish Line Had 16% Revenue Gain In 3Q; Comps Up 4%
DECEMBER 01, 2005

TSA Fined $10,000 In New York
DECEMBER 01, 2005

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NOVEMBER 30, 2005

Ashworth Hires Investment Bank
NOVEMBER 30, 2005

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NOVEMBER 29, 2005

ALSO IN THIS ISSUE:
NOVEMBER 29, 2005

Timberland Expands Anti-Counterfeiting Measures
NOVEMBER 29, 2005

Vital Apparel Group Buys InSport International
NOVEMBER 29, 2005


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