Fila purchases master licensee for EMEA region

Fila Luxembourg has completed the purchase of Integrix Sports Group, the master licensee of the brand for Europe, the Middle East and Africa.

Ares Capital Europe, the former majority owner, has retained a 25 per cent interest in ISGL and will be providing new financing to the business.

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 past four years overseeing the successful restructuring of the business to a licensing model.

Fila Korea went public in September 2010 in one of the most successful IPOs ever on the Korean Stock Exchange.

“Given the importance of this region, we made the decision to purchase ISGL and regain control of the brand in this territory,” says Yoon.

“Ares fully recognises the potential of the brand and we are delighted that they have decided to partner with us.

“We have engaged George Napier, former CEO of Prince and Benetton Sport System and former president of Wilson Sporting Goods, to help lead this transition.”

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