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 Breaking Headlines

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OCTOBER 11, 2005 -- Spyder Active Sports named Jake Jacobs president/COO. Jacobs, previously Spyder's SVP/product, assumes the position of president from David Jacobs, the company's founder, who will remain CEO. In the new positions, Jake Jacobs will be responsible for overseeing operations, production, development, sales and marketing.


Zoot Sports hired Brian Enge as CEO. Prior to joining Zoot Sports, Enge was SVP of Saucony and GM of the Hind performance clothing division.


A Louisiana appeals court upheld the tax incentive plan offered to Cabela's to build a store in Gonzales. The 1st Circuit Court of Appeal backed a district judge's ruling that Gonzales, the state and Cabela's followed bond laws and procedures. A group of businessmen are challenging the grant and may take their case to the state Supreme Court.


Adidas-Salomon signed a EUR 2 billion revolving credit facility. The new transaction was syndicated as an increase of the Group's EUR 800 million revolving credit facility established in February '05. The amended facility increases the Group's financial flexibility and improves its financing structure by further optimizing fees and extending maturities of its available credit lines.


Royal Precision named Christopher Johnston president/CEO. Formally the director, president and CEO of Royal Associates, parent company of Royal Precision, Johnston played a significant role in establishing and overseeing the strategic direction of the company.


Sporting Goods Agents Association's Annual Meeting will take place on the opening day of The Super Show, Monday, January 23, at the Orange County Convention Center/South Complex. Tim Maloney, Tim Maloney Sales, Lake Forest, CA, and former president of the SGAA will be inducted into the 71-year-old trade association's highest honor, the SGAA Hall of Fame. Tom Rogge, president of Cramer Products, Gardner, KS, will accept the SGAA's Manufacturers Appreciation Award for his company while the Lifetime Sales Achievement presentation will be given to former SGAA board member Jim Terry, James Terry Sales, Golden, CO. One half hour prior to the 5:45 pm session opening, a hosted reception by the SGMA and the Super Show will take place for all attendees.


The city of Philadelphia, in order to raise money for American Red Cross Hurricane Relief, auctioned off a limited edition Harley Davidson bike signed by the Philadelphia Eagles. Mitchell Modell, CEO of Modell's Sporting Goods, had the winning bid of $57,000.

Needham & Co. initiated coverage of GSI Commerce with a hold.


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

Categories
Sporting goods industry
Credit
Apparel manufacturing
Courts

Companies
Spyder
Zoot Sports
Cabela
SGAA
Saucony Inc.

Concepts
revolving credit facility
performance clothing division
credit lines
session opening
trade association

People
Jake Jacobs
David Jacobs
Brian Enge
Tim Maloney
Christopher Johnston





 Breaking Headlines
ALSO IN THIS ISSUE:
DECEMBER 09, 2005

Major Team Buying Groups Continue To Explore Common Show Venue
DECEMBER 09, 2005

ALSO IN THIS ISSUE:
DECEMBER 08, 2005

S&W Sales Rise 22%, But Earnings Fall
DECEMBER 08, 2005

Cutter & Buck Sales & Earnings Sink
DECEMBER 08, 2005

ALSO IN THIS ISSUE:
DECEMBER 07, 2005

Surfboard-Blank Producer Driven Out Of Biz
DECEMBER 07, 2005

ALSO IN THIS ISSUE:
DECEMBER 06, 2005

Adidas' Microchip Football On Hold For Cup Use
DECEMBER 06, 2005

Retailers, Golf Bag Makers Getting Lawyer-Letters From OGIO
DECEMBER 05, 2005


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