SBD/October 23, 2013/People and Pop Culture
Under Armour Shuffles Management, Adding President Of Product To Kip Fulks' Role
Published October 23, 2013
COMPETITION CONTINUES: In Portland, Allan Brettman noted adidas Group yesterday promoted Managing Dir North GIL STEYAERT to Managing Dir Western Europe, starting in November. GAVIN THOMSON has "been appointed as Steyaert's replacement" starting in January (OREGONLIVE.com, 10/22). Also in Portland, Matthew Kish noted the moves came as Nike "is closing the gap in Europe." Western Europe is the "biggest sales territory for Adidas, but it's been struggling there." In the first six months of this year, sales in Western Europe fell 9% on a currency neutral basis to roughly $2.6B. Nike's sales grew nearly 5% in the six months that ended Aug. 31 to $2.3B (BIZJOURNALS.com, 10/22).