Views on Life & on Equity Investing

Wonder, Wealth & Abundance

A FILA related news

with 4 comments

I mentioned few months back that FILA are trying to revive their Golf business after over endorsement blunders, at the same time trying to enter kids wear, inner wear

http://www.fila.co.kr/2010/filaintimo/intimo.html

http://www.fila.co.kr/2010/filakids/kids.html

http://www.filasport.co.kr/2010WINTER/

Came across a recent news that FILA Korea have bought along with a PE player a leading Golf company, Acushnet for 1.2 Billion US$, which has an equivalent annual revenues. It is arguably the most profitable golf equipment company in the world. They make the leading brand of golf balls, clubs, gloves, accessories. News here

http://www.southcoasttoday.com/apps/pbcs.dll/article?AID=/20110531/NEBULLETIN/106010351

and

http://online.wsj.com/article/BT-CO-20110520-706961.html

 Achushnet (http://www.acushnetcompany.com) owns all these great brands:

https://www.acushnetgolf.com

http://www.titleist.com

http://www.footjoy.com

http://www.pinnaclegolf.com

http://www.vokey.com

http://www.scottycameron.com

http://www.fittingworks.com

http://www.mytpi.com

It is implied that FILA Korea and its partners will run the business. Cravatex may benefit but it is not confirmed. Fila Korea is keen to market the gear in Asia as per the statement by them, “With our extensive knowledge and reach in Asia, we believe that the Acushnet brands have incredible new opportunity for growth in the emerging markets in Asia.”

http://www.filagolf.com

Written by amitdipsite

June 8, 2011 at 10:20 am

Posted in Uncategorized

4 Responses

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  1. http://www.fortunebrands.com/news/Releasedetail.cfm?ReleaseID=579669

    Acushnet is the leading and most profitable golf equipment company in the world. Titleist is the #1 ball in golf and a leader in high-performance golf clubs. FootJoy is the #1 shoe and glove in golf and a leader in performance outerwear. Net sales exceeded $1.2 billion in 2010, with nearly half of revenues generated in markets outside the United States.

    Amit Arora

    June 9, 2011 at 2:16 am

  2. Gossen joins Elinchrom system. There are only five (5) state-of-the-art companies in light meters.

    Four Japanese and one German.

    1. Sekonic (Japanese)

    2. Konika Minolta (Japanese)

    3. Pentax (Japanese)

    4. Kenko (Japanese)

    5. GOSSEN (German)

    http://elinchrom.com/news.php?tab=news#77

    Amit Arora

    June 9, 2011 at 2:44 am

  3. “Blackstone Group LP (BX), the world's largest private-equity firm, was outbid last month by a group led by Fila Korea Ltd.,”

    http://www.bloomberg.com/news/2011-06-07/buyout-firms-losing-to-cash-rich-corporate-competitors-in-acquisition-hunt.html

    Amit Arora

    June 9, 2011 at 7:46 am

  4. Got this news:
    Cravatex Ltd will be permitted to manufacture and sell Fila products in the Middle East.

    http://www.just-style.com/news/global-news-roundup_id111423.aspx

    Rahul Kumar Paliwal

    June 24, 2011 at 5:09 pm


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