Latest Headlines – Page 194
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Italy's Cisalfa eyes the stock exchange
The family of Vincenzo Mancini, founder and chief executive of the Cisalfa Sport group, is planning to float it on the Milan Stock Exchange within the next three years, following a major reorganization that has allowed it to regain a certain level of profitability.The flotation would be accompanied by a ...
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Signa Sports assigns Rumerstorfer as new managing director
The Signa Sports Group aims to accelerate its growth and to strengthen the market position of its retail formats by pushing its transformation into Germany's leading multi-channel sports retail platform by appointing Michael Rumerstorfer to the position of managing director. He will be responsible in particular for transfers of technologies ...
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Buoyant quarter for Puma
Puma raised its full-year guidance for the third time this year, as it achieved underlying double-digit sales growth across all regional markets and stronger sell-through in the third quarter, along with robust orders for the fourth quarter. ...
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Further talk about the possible sale of Puma
As expected, Kering declined to comment on its future ownership plans for Puma while discussing the exceptional performance that it had achieved as group in the third quarter, where its total sales rose by 32.3 percent on a comparable basis, driven by its two major luxury goods brands, Gucci and ...
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Nike adjusts its five-year targets
Nike has adjusted its five-year sales target as its expansion in the North American market has been slowing down, but the group provided plenty of details at its investor day last week about ways to expand own retail sales faster and in emerging markets.The adjusted target calls for an average ...
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North America pulls Under Armour down
Revising its targets for the year downward, Under Armour announced a 5 percent overall sales decrease to $1,405 million and a drop of 9.1 percentage points to 4.4. percent in the operating margin for the third quarter. Sales increased at double-digit rates in every region except in North America, where ...
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Under Armour may drop some categories
Under Armour is considering pulling out of product categories that have remained relatively marginal for the brand such as tennis, outdoor and fishing, according to The Wall Street Journal. The planned pullout from the tennis sector would be in contrast with the brand's sponsorship of Andy Murray, the third-ranked male ...
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Skechers posts a stellar quarter, driven by international
Skechers USA reported an exceptionally strong quarter, with revenues for the three months to Sept. 30 hitting a record high. They jumped by 16.2 percent from the quarter a year ago, to $1,095 million, boosted by strong international growth, especially in China and Europe. In addition, net income rocketed by ...
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American retail tensions flatten Amer Sports’ sales
A rise in underlying sales of outdoor apparel helped Amer Sports to slightly raise the turnover of its outdoor division for the third quarter, but the group's sales were flattened by sluggishness in the American wholesale market, which led to declining sales in ball sports and a flat turnover in ...
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Callaway's results top expectations
Callaway Golf's expansion drive is proving successful. The company posted results for the third quarter of the year that exceeded its own guidance, driven by strength in its woods business, continued growth in golf balls and the successful integration of its new business ventures.Earlier this year, the group bought Ogio ...
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Vans strides ahead
There were no signs of a slowdown in the third quarter for the Vans brand, which delivered a 26 percent sales increase in constant currencies and led the growth of the outdoor and action sports division at VF Corp.The performance encouraged VF to raise its forecast again for this full ...
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Buoyant European demand for Columbia
Columbia Sportswear has met robust demand in Europe, the Middle East in Africa (EMEA) in the third quarter, with a regional sales increase of 15 percent in constant currencies.The increase has helped the U.S. outdoor company to report a sales increase of 1 percent to $747.4 million for the quarter. ...
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Helly Hansen buys Musto
Helly Hansen has agreed to purchase Musto, a British brand of sailing apparel, which will help to reinforce the Norwegian group's business in the sailing category and its presence in the U.K. sailing and outdoor markets.Musto was acquired for an undisclosed sum from Phoenix Equity partners and other shareholders, but ...
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Groupe Royer acquires Hungaria
Groupe Royer, the French company that owns many footwear brands and distributes many others, including several important brands of sports shoes, has added the ownership of Hungaria to its portfolio. According to reports by sport-guide.com, Hungaria had recently gone through a restructuring phase and some job cuts.Based in Gonesse, France ...
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Carlyle buys 50% of Supreme
The Carlyle Group has acquired a 50 percent stake in Supreme, the disruptive American skate brand whose collaborative business model has spread throughout the sports and fashion industries, according to Business of Fashion.Carlyle, which has already put a lot of money into a growing fashion-oriented functional apparel brand, Moncler, and ...
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Moncler posts double-digit sales growth
Moncler posted consolidated revenues of €736.8 million for the first nine months of 2017, representing a 15 percent increase from the first nine months of 2016 at current exchange rates, or a 16 percent increase at constant exchange rates. All regions posted double-digit growth with the exception of Italy, where ...
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BasicNet posts mixed results for its brands
The parent company of K-Way, Kappa, Robe di Kappa, Superga and other brands reported aggregate wholesale-equivalent sales of €570 million for the first nine months of this year, an increase of 2.4 percent as compared to the first nine months of 2016. Sales by the group's commercial licensees increased by ...
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Deckers’ results improve
Following several quarters of mixed results, Deckers Brands posted a solid quarter that topped analysts' expectations. This led the company to raise its full-year outlook. It now expects sales for the year ending March 31, 2018 to go up in a range of one to two percent as compared with ...
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Accell appoints Ton Anbeek as its new CEO
Accell has announced the appointment of Ton Anbeek as the group's new chief executive and chairman of the board. The decision follows the resignation in April of René Takens, the previous chief executive and chairman of the board. Takens had been at the helm for 18 years. Under his leadership, ...
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Rapha targets 100 store in 10 years
Rapha opened its first German store on Oct. 23. The store is located in the heart of Berlin, at 5 Alte Schönhauser Strasse. It will sell the four performance lines of the British upmarket cycling apparel brand as well as Rapha's urban line, City. The store aims to attract customers ...
