Latest Headlines – Page 202
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Tecnica Group gears up for a capital increase
The Zanatta family, which controls the Tecnica Group, has signed a letter of intent to allow Italmobiliare to acquire a minority stake of around 40 percent in Italy's leading supplier of outdoor shoes and ski equipment for a total investment of about €60 million. The investment, which will be primarily ...
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Salomon invests in footwear technology and road running
Salomon is launching a new, partially automated production technology, called ME:sh, that enables it to make customized running shoes, as the French outdoor and winter sports brand strives to expand from the outdoor and trail running footwear markets to become established in the road running category as well. A play on ...
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Tecnica launches its customization technology
We discussed Salomon's new footwear customization system, called Me:sh, in our last issue. Tecnica is now launching its own customization technology for trekking shoes, called Forge. As Tecnica's officials point out, their process is carried out more rapidly and even closer to the final customer – in the retailer's own ...
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Lululemon invests in cycling apparel
Lululemon Athletica has acquired an unspecified minority stake in 7mesh Industries, the parent company of a three-year-old Canadian brand of high-performance cycling jackets and pants called 7mesh. Located at Squamish, British Columbia, north of Lululemon's hometown of Vancouver, 7mesh will be working with Lululemon's R&D team, providing technical expertise that ...
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Columbia reshuffles the top deck
Columbia Sportswear announced additional moves in the strategic realignment of its corporate management, as part of an ongoing reassessment of its organizational structure. The process began in March with the appointment of Joe Vernachio at the head of the struggling Mountain Hardwear brand.Among other changes, Columbia Sportswear has appointed Jim ...
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Cutbacks and investments pay off at Helly Hansen
Helly Hansen is anticipating increased gains in sales and profits this year, after it restructured its product offering and cleaned up its distribution to target more specialist retailers. Orders for the Norwegian sailing and winter sports brand's autumn/winter range are up at a double-digit rate, led by stronger demand in ...
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Strong results for Canada Goose
Canada Goose posted higher than-expected sales and a smaller-than-expected net loss in its fourth quarter, ended March 31, 2017. The company's share price rose by 15.7 percent after the report, which was the company's first since going public on the stock exchanges of New York and Toronto in March.Net losses ...
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Swix expands in outdoor with Helsport
Swix Sport is continuing to build up its multi-brand Scandinavian outdoor group. It is complementing the offering of its Lundhags and Ulvang brands with the acquisition of all the shares in Helsport, a leading Norwegian supplier of outdoor tents, sleeping bags and backpacks, from Stein Hellikesen at an undisclosed price.The ...
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Dalema group buys Wenaas Nordic
Wenaas Nordic, a large-scale distribution company specializing in sports and outdoor brands, has been acquired by the Dalema group, another Norwegian company that already owns a wide variety of industrial and trading operations in various sectors including the sports market, where it wants to expand further through this takeover.Wenaas Nordic ...
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J&F may have to sell Alpargatas
J&F Investimentos, the largest private conglomerate in Brazil, is said to be on the verge of selling Alpargatas, the parent company of Havaianas and the licensee of Mizuno in Brazil and Argentina, to help one of its own shareholders, Joesley Batista, his brother Wesley and four other executives to pay ...
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Private equity firm buys Jarden's former winter sports brands
Kohlberg & Company, a U.S. private equity firm, has agreed to take over Völkl, K2, Marker and eight other winter sports brands that were put up for sale by Newell Brands, in a deal that is expected to generate proceeds of $240 million. Newell has reached a separate agreement to ...
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Foot Locker disappoints
For once, Foot Locker's quarterly results fell short of financial analysts' estimates, sending down its share price by more than 15 percent. Total sales inched up by 0.7 percent to $2,001 million for the three months to April 29, and they increased by 1.8 percent in local currencies. The gross ...
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Change of ownership at ailing Intersport Polska
Janusz and Krzysztof Piela, the men behind one of the leading sports and outdoor distribution companies in Poland, have reportedly acquired a stake of 13.8 percent each in Intersport Polska, after the Polish retail group became independent from Intersport Germany. As reported by Reuters, these investments were paired with a ...
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Sport-Tiedje records strong annual growth
Sport-Tiedje, the German fitness equipment retailer, has reported a big sales increase of 57.3 percent for 2016 as compared to 2015. The growth stemmed from the strong performance of newly acquired subsidiaries, Laidir Leisure from the U.K., which owns the Powerhouse Fitness chain of fitness equipment stores, and Fitshop P.V. ...
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The Spanish sports market grew by 5.7% in 2016
The Spanish sporting goods market rose by 5.76 percent to €6,233.7 million at the retail level last year, according to a study presented by Afydad, the Spanish sporting goods industry association, which is making it available only to its members. Carried out by Sport Panel, which surveys the sell-out of ...
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Deckers’ sales top its own guidance
Deckers Brands posted revenues for the fourth quarter of its fiscal year ended March 31, 2017 that exceeded its own guidance, boosted by the strong performance of Hoka One One and by higher direct-to-consumer (DTC) sales. They dipped by 2.4 percent to $369.5 million, instead of an expected 5.0 to ...
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Bearpaw is targeting the European market
Another American brand of cold-weather, waterproof sheepskin boots, Bearpaw, is trying to take advantage of Ugg's weakness to expand its position as a lower-priced alternative in all the sales channels. Claiming that its shoes are of comparable quality or better for a lower price and better margins, it is making ...
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Another alternative to Ugg, called Mou
Mou is a French word that means “soft.” It is the name of a brand of comfortable, warm, eco-responsible sheepskin boots marketed worldwide by a company in Florence, Artcrafts International, that owns and distributes eight other brands. It doesn't distribute Ugg, but it has been the Italian distributor for another ...
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Eurobike is energized by e-mobility
Eurobike's organizers regard Derby Cycle's return to Friedrichshafen this year as an encouraging signal for the bicycle fair, as it continues to adjust to the e-mobility trend and prepares to shift to July dates as a trade-only event from 2018.Germany's largest bike maker had decided last year to give up ...
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Adidas reshuffles the top deck
The executive board of the Adidas Group has been reshuffled with two new members announced last week, adding up to three appointments and two departures after Kasper Rorsted's arrival as chief executive in October. The changes have entailed the appointment of a new managing director for the Adidas Group in ...
