Fila (company)

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This article refers to the clothing corporation, for other uses see FILA.
Fila, Ltd.
Type Private
Industry Sports equipment
Founded 1911, Biella, Italy
Headquarters Seoul, South Korea
Key people Gene Yoon (Yoon-Soo), Chairman & Chief Executive Officer, Global Leading Brands House Holdings & Fila Korea Ltd
Young-Chan Cho, President of Global Leading Brands House Holdings, Chief Financial Officer of Fila U.S.A., Inc.
Jon Epstein, President of Fila U.S.A., Inc.[1]
Products Athletic shoes, apparel, accessories
Website www.fila.com

Fila is one of the world's largest sportswear manufacturing companies. Founded in 1911 in Italy, Fila has been owned and operated from South Korea since a takeover in 2007. Headed by chairman and CEO Yoon-Soo Yoon, Fila now has offices in 11 countries worldwide.

Contents

[edit] History

Fila was created in Biella, Piedmont, by the Fila brothers in 1911. It originally started by making clothing for the people of the Italian Alps, now manufacturing sportswear for men, women, kids and athletes.

The company's primary product was originally underwear, before moving into sportswear in the 1970s, initially with the endorsement of tennis player Björn Borg. The brand got more popular after moving into sportswear.

The original Italian ownership shop Holding di Partecipazioni sold the company to US hedge fund Cerberus Capital Management in 2003, after the company over-committed itself to expensive athletic endorsements, at a time when margins were under pressure. Cerberus owned Fila through holding company Sports Brands International, which owned and operated all Fila businesses around the world with the exception of Fila Korea, which was a separate company operating the brand under licence. In January 2007, the global Fila brand and all its international subsidiaries were acquired by Fila Korea from SBI, which made it the largest South Korean sportswear company. Fila Korea currently holds all of the rights to the worldwide use of footwear and apparel brands of the parent firm.

In 2009, ANTA Sports acquired the rights to use the brand in China (the company "Full Prospect"), from Belle International, Fila Korea still owned 15% shares of the joint venture company "Full Prospect".[2]

On May 2011, Fila Korea Ltd. has acquired global golf equipment maker Acushnet Company, becoming the new owner of leading golf brands such as Titleist for $1.23 billion.[3][4]

[edit] Apparel

A Fila store.

[edit] Men

The men's Fila line of sportswear include apparel for such sports as tennis, running, men's training, basketball, golf, swimming, and Fila's own line of apparel.

[edit] Women

The women's Fila line of sportswear include apparel for such sports as tennis, running, cross training, golf, swimming, and Fila's own line of vintage apparel.

[edit] Kids

Fila has everyday day footwear for children of all ages, from infants to youth.

[edit] Branding

The corporate logo of Fila features the company name using snakelike letters.[5]

[edit] Sponsorships

Athletes and famous that have used, or are currently using, Fila apparel include:

[edit] Alpine skiing

[edit] Basketball

[edit] Baseball

[edit] Football

[edit] Golf

[edit] Mountaineering

[edit] Tennis

[edit] Former notable players

[edit] Track and field

[edit] Volleyball

[edit] Other sponsorships

[edit] Singers

Singers that have used, or are currently using, Fila apparel include:

[edit] Fila in pop culture

[edit] References

  1. ^ "Executive Bios at Fila.com". Fila.com. http://www.fila.com/co-ExectureBios/co-ExectureBios,default,pg.html. Retrieved 9 July 2011. 
  2. ^ "DISCLOSEABLE TRANSACTIONS PROPOSED ACQUISITION OF FULL PROSPECT LIMITED AND FILA MARKETING (HONG KONG) LIMITED". ANTA (Hong Kong Stock Exchange). 12 August 2009. http://www.hkexnews.hk/listedco/listconews/sehk/20090812/LTN20090812546.pdf. Retrieved 29 March 2011. 
  3. ^ "Fila Korea buys Titleist for global expansion". Yonhap News. 2011-05-21. http://english.yonhapnews.co.kr/news/2011/05/21/0200000000AEN20110521001200320.HTML. Retrieved 2011-09-20. 
  4. ^ Thomas, Denny; Robert MacMillan (2011-05-20). "Fila Korea buys Titleist golf company for $1.2 billion". Reuter. http://www.reuters.com/article/2011/05/20/us-fila-fortunebrands-idUSTRE74J2O520110520. Retrieved 2011-09-20. 
  5. ^ Fila Logo: Design and History. FamousLogos.us. Retrieved 27 May 2011.
  6. ^ Benjamin, Brad (2007-03-07). "Sounds of Science". Paul's Boutique Samples and References List. http://paulsboutique.info/Sounds_Of_Science. Retrieved 2008-03-14. 
  7. ^ {{cite web url=https://www.youtube.com/watch?v=eBShN8qT4lk

[edit] External links

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