Company type | Subsidiary |
---|---|
Industry | Sporting goods |
Founded | 1970 |
Founder | Robert H. McClure |
Headquarters | Atlanta, Georgia, US |
Area served | Worldwide |
Products | Rackets, footwear, apparel, tennis balls, accessories |
Parent | Authentic Brands Group |
Website | princetennis.com |
Prince Global Sports, LLC is an American sporting goods manufacturing company based in Atlanta, Georgia. Founded in 1970, Prince's range of products includes rackets, footwear, apparel, tennis balls, pickleball paddles, stringing machines, hats and bags.
The company was founded in 1970 by Robert Hirt McClure (1893–1991) of Princeton, New Jersey (the origin of the company's name) as a manufacturer of tennis-ball machines, and soon after, rackets. Howard Head, founder of the Head sporting goods company, took tennis lessons following his retirement and used a Prince tennis ball machine, but was frustrated by his slow improvement. Head joined the Prince company in the early 1970s and developed the company's signature oversized tennis racket. [1] Although the Prince Classic aluminum racket was the first oversized racquet to be patented, the Bentley Fortissimo preceded the patent by two years, causing Germany to invalidate the patent.
During those years, the company was owned by a variety of different firms, including the Benetton Group of Italy, [2] Lincolnshire Management, Inc. (which acquired Prince from Benetton in 2003) and Nautic Partners LLC. [3]
In July 2012, Authentic Brands Group acquired the Prince brand name from Nautic Partners in a procedure that included a voluntary petition for Chapter 11 reorganization in U.S. Bankruptcy Court. Prince Sports' portfolio of brands included Prince (tennis, squash and badminton), Ektelon (racquetball) and Viking (platform/paddle tennis). Its tennis unit recorded $59 million in sales in 2011. Authentic Brands owned the intellectual property rights for the estates of Marilyn Monroe and Bob Marley, among other celebrities. [4] [3]
By September 2012, the Waitt Company agreed to a 40-year license to operate the Prince brand. Prince Global Sports now operates as a subsidiary of Athletic Brands Holding Company, which is majority-owned by the Waitt Company. The company's portfolio of brands also includes Ektelon, Viking and Battle.
After recovering from bankruptcy, in March 2014, Prince announced that it would move its headquarters from Bordentown, New Jersey to Atlanta. Prince's CEO Mike Ballardie stated that Atlanta had a thriving tennis community with more people playing tennis than any other American city, which made it a great base for the company. Atlanta also boasted the largest city tennis league in the world, with more than 80,000 members of the Atlanta Lawn Tennis Association. [5]
A racket or racquet is a sporting equipment used to strike a ball or shuttlecock back-and-forth in games such as tennis, badminton, squash, racquetball and padel. The typical basic structure of a racket consists of a widened distal end known as the head, an elongated handle known as the grip, and a reinforced connection between the head and handle known as the throat or heart.
Rollerblade is a brand of inline skates owned by Nordica, part of the Tecnica Group of Giavera del Montello, Treviso, Italy.
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Howard Head was an American aeronautical engineer who is credited with the invention of the first commercially successful aluminum laminate skis and the oversized tennis racket. Head founded the ski -making firm, Head, in 1950. Later, he became chairman of Prince Manufacturing Inc. The U.S. patents for the laminate skis and oversized tennis racket are in the name of Howard Head. He graduated from Harvard College in 1936.
The Prince's Club was a socially exclusive gentlemen's multisports club in London, England. The original 'Prince's Club' was founded in 1853 in Chelsea by George and James Prince and its main sports were rackets and real tennis. Cricket, croquet and lawn tennis were also played. After most of its ground was lost to building developments it closed in 1887. Its successor, the 'New Prince's Club', located in Knightsbridge, opened in 1888 and kept its focus on rackets and real tennis, but no longer had any outdoor sports. In 1896 the Prince's Skating Club was opened. The Prince's Club was in operation until the 1940s.
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'Dr. Bud' Muehleisen has sometimes been called the most influential man in racquetball. He began playing paddleball in 1962, won four national titles, then took up paddle rackets in 1969, edging out Brumfield to win one of the first national championships in the sport that would become racquetball. Bud served on the IRA board of directors for seven years as the first Rules Committee chairman and was instrumental in the formation of the game's first rules. He won an unprecedented 41 national titles, was a coach and teacher, a regular contributor of instructional material to early magazines and worked with most of the major equipment manufacturers in developing racquets, balls and other products.
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ProKennex is a Taiwanese manufacturer of racquet sports equipment for tennis, squash, badminton, racquetball, and pickleball. The company enjoyed wide global distribution in the 1980s, when manufacturing in Taiwan was booming due to domestic economic conditions. Parent company Kunnan Enterprise Ltd. has faced financial difficulties since the mid 1990s, leading to a contraction of the ProKennex name globally. Today, the company focuses on a niche set of consumers interested in technology advancements in racquet sports. The company focuses on this aspect of its products by promoting itself as a "science and design company", rather than a standard racket manufacturer.
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