From a Reuters article on June 18, 2013: But beyond the name change and new logo featuring an owl, Pinault gave few answers to shareholders about the future of Puma or Fnac, the group's CD and book business, which will list on the stock market on Thursday. Pinault called on shareholders to hold on to Fnac … Continue reading Nugget: PPR changes name to Keurig and starts Puma restructuring
Tag: Sports apparel
Black Diamond 3Q2011 Results
This caught my eye in the 3Q2011 10Q form of Black Diamond Inc: Here´s the explanation: This means that the earlier accounts give a wrong image of the gross margins of the newly combined companies. It kind of makes you wonder if they did this on purpose. As this was not an IPO but a … Continue reading Black Diamond 3Q2011 Results
Profile: Adidas Group AG.
Website: Adidas-group.com Factsheet: (link) Industry Profile: (link) Sportgamma.net articles on Adidas Back-of-the-Envelope Valuation Currently, the shares of Adidas AG. seem to be fairly valued. Using the takeover bid price of Timberland as the most recent real market multiple for a company in the sport apparel & footwear industry, we come at a fair value of … Continue reading Profile: Adidas Group AG.
Profile: Lafuma Group
Website: http://www.groupe-lafuma.com/ 2010 Annual Report Notes: - Significant insider ownership - No audit report of financial statements