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  • ADVANTAGE SETS ITS UK ARM INTO ORBIT WITH MERGER

              Advantage Int'l announced that UK-based sports
         marketing group Orbit Int'l, which is part of the Lowe
         Group, will merge with Advantage UK in October '97.  Orbit
         Chair Ian Wight, who will join the Board of Advantage UK:
         "Fortunately there are no client conflicts in the UK." 
         Orbit's clients include British Airways (Advantage).
    
    

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  • BEN HOGAN CO. MAY BE SUBJECT OF A THREE-WAY BIDDING WAR

              Spalding Sports Worldwide, backed by its parent,
         Kohlberg Kravis Roberts & Co., "is interested in buying all
         of" Ben Hogan Co., including its golf-ball manufacturing
         plant in OH, according to Lynn Henning of GOLFWEEK.  But
         Henning writes that a "bidding war has emerged," as CA-based
         Taylor Made Golf Co., "which plans to enter the golf-ball
         market soon, is interested in buying only the [OH]
         operations as a manufacturing facility for its new line of
         golf balls;" and FL-based Edwin Watts Golf Shops, the off-
         course retail chain, "wants only the club-manufacturing end
         of Hogan as a means for adding a premier name to its in-
         house golf club sales."  Hogan Co. is owned by VA-based
         businessman Bill Goodwin, who bought the company five years
         ago for $61M, but a "stark indicator of how far Hogan has
         fallen is its likely" '97 selling price, "which may not
         significantly surpass" $20M (GOLFWEEK, 9/20 issue). 
    
    

    Print | Tags: Finance, Russell Athletic, Washington Nationals
  • BLOOMBERG EXAMINES SNEAKER INDUSTRY: CAN ANYONE CATCH NIKE?

              The athletic shoe industry was examined by Charlie
         Pellett of "Bloomberg Business News."  Pellett reported that
         with "over" 43% of the U.S. sneaker market, "at this time it
         is unlikely that any one company will gain enough momentum
         to catch Nike."  Shelby Cullom Davis' Peter Russ: "They have
         a lead that seems sustainable.  They continue to redefine
         what the market is, and how their product should be viewed
         by the consumer.  And as long they continue to redefine it
         in ways that their competition haven't done, they can
         maintain their lead."  Pellett: "It's possible adidas is the
         only sneaker maker running with the ball ... Some analysts
         feel adidas is now poised to grow in the all-important
         American market."  As teenagers "seem less interested" in
         white sneakers, Pellett added that producers of brown shoes,
         such as Wolverine World Wide and Timberland "may score a
         touchdown in the last quarter of '97. ... If these and other
         adverse trends continue, it's unlikely even a slam dunk from
         Michael Jordan will save the industry" ("BBN," PBS, 9/22).  
         
    

    Print | Tags: Finance, Nike, Washington Nationals
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