Home / Knowledge / News / Apparel/Garments / 10 Champion sportswear stores in three years
10 Champion sportswear stores in three years
05
Aug '10
Champion, which is a global sportswear label, is likely to launch around 10 independent stories in Israel within the next three years.

The H&O chain, which is controlled by Livnat family, a partner in IDB Holdings, and it has the rights to market the aforesaid global sportswear brand. Around NIS 20 million ($5.24 million) will be invested in the coming three years to bring the brand to Israel.

The firm has a global yearly turnover of more than $2 billion, and is also one of the sponsors of the International Basketball Federation World Championship – 2010, which will be held in Istanbul in August. The firm is also the key sponsor of the American National Basketball Association.

Livant family and H&O's management decided to procure franchise rights to more global brands, so as to strengthen their chain to compete with other brands like H&M, which is also a family brand. H&O's yearly turnover sums to about NIS 550 million ($144 million).

As per Nitzan Hadas, CEO of H&O chain, the need to strengthen themselves with global brands and not just depend on the chain's international brand, had become vital. Currently, Champion runs 157 concept stores in Germany, Spain, Holland, Italy, Lebanon, Eastern Europe and Kuwait.

During the first phase, Champion outlets will be manned within few of H&O's 34 branches across the nation. Later within a year, the chain is intending to commence launch of flagship stores, with an aim of having atleast 10 Champion stores function in Israel, within three years. These stores will display a variety of t-shirts, sweatshirts, training suits and the like.

Of the total H&O's sales, sportswear sums to around 20 percent, a key reason for the firm to choose the brand Champion.

Fibre2Fashion News Desk - India

Must ReadView All

Textiles | On 25th Mar 2017

GST to positively impact retail value chain: CBRE

The implementation of the Goods and Services Tax (GST) bill in India...

Textiles | On 25th Mar 2017

MEGlobal to build first ever US MEG plant

Monoethylene glycol (MEG) producer MEGlobal plans to construct a new...

Courtesy: Ulster Carpet

Textiles | On 25th Mar 2017

Ulster Carpets acquires Griffith Textile Machines

Northern Ireland based manufacturer of carpets, Ulster Carpets said...

Interviews View All

Mohammad Mamun Ar Rashid
UL VS Bangladesh Ltd

Productivity, creativity and innovation play a vital role in the growth of ...

Deepak Jain
Baggout

We are using Facebook and Instagram to promote ourselves

Smith Vaghasia
Sanado India

Online remains the best destination for shopping

Mark Paterson
Technical Absorbents Ltd

Mark Paterson, R&D manager of Technical Absorbents Ltd talks about Super...

Steve Cole
Xerium Technologies

Steve Cole of Xerium Technologies discusses the industry. Xerium is the...

Kevin Nelson
TissueGen

Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

Robert Brunner
Devereux

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH
March 2017

March 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search