LUXEMBOURG: Fila snaps up Integrix Sports Group
By just-style.com | 24 January 2011
Fila Luxembourg Sarl has completed the purchase of Integrix Sports Group (ISGL), the master licensee of the Fila brand for Europe, the Middle East and Africa.
Ares Capital Europe, the former majority owner, has retained a 25% interest in ISGL and will be providing new financing to the business, a statement said.
Yoon Soo Yoon, chairman of Fila Korea, the parent company of Fila Luxembourg, led the purchase of the Fila brand in 2007 and has spent the last four years overseeing restructuring of the business to a licensing model.
Fila Korea went public in September 2010 on the Korean Stock Exchange.
Yoon said: "Given the importance of this region, we made the decision to purchase ISGL and regain control of the brand in this territory. Ares fully recognises the potential of the brand and we are delighted that they have decided to partner with us."
Fila has appointed George Napier, former CEO of Prince and Benetton Sport System and former president of Wilson Sporting Goods, to help with the transition.
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LUXEMBOURG: Fila snaps up Integrix Sports Group
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