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DUNLOP SLAZENGER SOLD FOR $462M
Sporting goods manufacturer Dunlop Slazenger is being sold to a management buy-out team by owner BTR for more than $462M, according to this morning's FINANCIAL TIMES. David Wighton reports the deal had been expected for some time, as the company "sat oddly with BTR's policy of focusing on core manufacturing businesses." Dunlop Slazenger, still recovering from the recession and "the downturn in the German tennis market," has been criticized for failing to "exploit the strength of its brand name." Dunlop Slazenger, the self-proclaimed No. 1 tennis ball maker, owns Maxfli and has Puma's UK distribution rights (FINANCIAL TIMES, 12/20).
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IT'S NO LARK FOR ADIDAS: TARK'S BOYS DON'T LIKE THE SHOES
Three of the five starters on Fresno State's basketball team are not wearing Adidas -- the brand coach Jerry Tarkanian is paid $100,000 annually to have his team wear. According to Adrian Wojnarowski of MCCLATCHY NEWS, the players, who wore Nike and Converse shoes during an ESPN telecast Saturday, complain the Adidas models sent hurt their feet. Adidas officials declined comment, but have told Tarkanian they are not paying him to have his team show off the Nike brand. Fresno State center Rahsaan Smith, to Tarkanian: "Hey coach, the shoes are no good." Tarkanian: "Yeah, but the money is good" (MCCLATCHY NEWS, 12/20).
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MARKETPLACE ROUND-UP
Six Phoenix-area manufacturers will add southwestern themes to Super Bowl apparel and novelties -- including Bola Bola of Scottsdale, which will produce Super Bowl XXX bolo ties (NFL)....Indians closer Jose Mesa has secured regional deals with Wheaties, Continental Airlines, Starter, Rawlings and Shirt Explosion (ProServ)....The L.A. Sports Council is bidding to host the '99 World Gymnastic Championships. The bid was submitted jointly by the Council, Arrowhead Pond at Anaheim and the Orange County Visitor and Convention bureau (L.A. Sports Council)....Alan Bratton, a member of Oklahoma State's '95 NCAA Championship golf team, has signed with IMG (GOLFWEEK, 12/16 issue)....Former prizefighter Jake LaMotta and son his Joe have introduced LaMotta's Tomatta Sauce in a few New York stores and by mail order (USA TODAY, 12/20).
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NIKE EARNINGS UP 38 PERCENT; STOCK REACHES RECORD HIGH
The Nike "juggernaut has powered its way to another strong quarter," writes Jeff Manning in the Portland OREGONIAN, as the company "enjoyed strong sales nearly across the board." Nike earned $118.2M in the quarter ended November 30, as revenue also rose an "impressive" 37%. Earnings were up 38%, with apparel showing "particular strength." Apparel earnings grew 100% domestically to $374M, up from $230M in the same period last year. Nike Chair & CEO Phil Knight "casually predicted" they will surpass sports apparel leader Russell Athletic in U.S. sales "in the next 18 months." In domestic footwear, Nike reported sales of basketball shoes up 12%, men's running shoes up 53%, women's fitness up 28% and outdoor up 27%. NOW THE BAD NEWS? Manning reports "some less rosy news" for Nike is its outdoor division, which is unlikely to show substantial growth in '96, as the outdoor sandal market -- a major part of Nike's outdoor business -- is seen as "saturated." Also, Canstar, the Nike-owned skate and hockey equipment maker, experienced only a 5% growth year-to-year, "well below expectation," as analysts notes other manufacturers have flooded the market with in-line skates, pushing prices down (OREGONIAN, 12/19). Shares rose to a record after the reports, jumping $2 to $64. Nike shares are now up more than 70% this year (USA TODAY, 12/20). -
RAPTORS HOPE MEDIA COACH WILL ENDEAR THEM TO FANS, SPONSORS
The Raptors have hired "media coach" Andrea Kirby to assist their players with handling reporters with the hope that the move will "improve their chances of seizing a spot in Canada's marketplace," according to this morning's Toronto GLOBE & MAIL. Kirby's tutelage of the Raptors has been "so far, so good," as the team has "emerged as young darlings." Kirby notes for a player such as rookie Damon Stoudamire, a good relationship with media can help with endorsement offers -- as those opportunities "come far more frequently for athletes when company executives see them on TV, grinning and looking amiable" (GLOBE & MAIL, 12/20).
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RETRO-1993: MCDONALD'S TO AIR JURASSIC-LIKE SUPER BOWL ADS?
Insiders at Leo Burnett Co. tell the CHICAGO TRIBUNE that the agency is working on two spots for McDonald's to air during Super Bowl XXX. George Lazarus reports one spot will involve "dancing dinosaur bones" in a takeoff on "Jurassic Park." The other is reportedly about a "naughty girl" at Christmastime rewarded in the New Year by being taken to McDonald's" (CHICAGO TRIBUNE, 12/19).




