Latest Headlines – Page 255
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Higher sales for Head across the board
Meanwhile, Head has put out its 2014 financial report. The company's total revenues increased by 4.7 percent to €375.4 million, with growth of 5.3 percent in constant currencies and higher numbers in all the divisions. The adjusted operating margin improved slightly to 3.6 percent from 3.4 percent in the previous ...
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Pon buys BBB Cycling
Pon Holdings, the Dutch conglomerate that acquired Gazelle and several other bicycle brands in the last four years, has now taken over Augusta Benelux BV – the company above BBB Cycling, an international specialist in the development and distribution of bicycle parts, accessories and apparel.Pon, which is a sprawling ...
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Dorel Sports posts 6% growth
Dorel Industries said its Dorel Sports segment posted revenues of $260.0 million in the fourth quarter ended on Dec. 31, representing a 6 percent increase versus the fourth quarter of 2013, and the fourth consecutive quarter of growth for the segment. Excluding the impact of foreign exchange and acquisitions, the organic ...
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Amer Sports to acquire Louisville Slugger
Wilson Sporting Goods, a division of the Finnish conglomerate Amer Sports, has acquired the global rights to the Louisville Slugger bat from Hillerich & Bradsby Co. (H&B) for $70 million in an all-cash transaction. The closing of the deal is expected in the second quarter of 2015. Founded in 1884, ...
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Black Diamond explores strategic alternatives
The stock market valuation of Black Diamond Inc. shot up by 37 percent to $315 million after the company reported strong progress in sales and margins and announced that it has retained two financial advisers to lead the exploration of “a full range of strategic alternatives” for each its ...
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Black Diamond strengthens its sales department
Black Diamond has announced that Heath Christensen and Tor Brown are returning to the company in new roles as director of sales for North America and mountain line category director, respectively. Matt Burbach will also join the company as senior retail marketing manager and Glenn Ritter has been internally ...
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Columbia rejigs its top management
Columbia Sportswear has announced a reorganization of its top management, describing it as a move to drive continued profitable growth. The group expects the company's sales to expand at double-digit rates for apparel in constant currencies this year, compared with $1.7 billion in 2014, while footwear sales are predicted ...
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Jack Wolfskin appoints a new CFO
Jack Wolfskin is continuing to rejig its executive team, with the appointment of Axel Mau as chief financial officer. The job had been handled temporarily by Christian Brandt, after the departure of Andreas Klotz two years ago. Brandt will also be stepping down from his job as chief operating ...
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Lafuma turns around
The Lafuma Group reported a quantum improvement in the financial year ended Dec. 31, posting a net profit of €2,270,000 for the period against a net loss of €69,196,000 in the comparable 12-month period through December 2013. It booked ordinary operating earnings of €3,039,000 versus an operating loss of ...
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Luxottica plans to take over Oakley’s distribution
Luxottica plans to integrate Oakley into its global wholesale structure before the end of this year, according to reports that have been largely confirmed by a manager of the group. We hear that the decision has been personally made by Leonardo Del Vecchio, founder and chairman of the group, following ...
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Safilo will invest on Smith and Carrera
Safilo wants to raise its annual turnover by about 40 percent to a level of between €1.6 billion and €1.7 billion by 2020, compared with the revenues of €1,179 million posted in 2014, driven by a doubling in the sales of its proprietary brands, including Carrera, Smith Optics and Polaroid ...
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Chairman faces sharp questions over SDI
Keith Hellawell, the chairman of Sports Direct International (SDI), faced uncomfortable questions from the Scottish Affairs Committee in the British parliament last week over the behavior of the sporting goods retailer and wholesaler. The exchanges took place as part of a parliamentary hearing focusing on the dismissal of warehouse employees in ...
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Brazil reviews its anti-dumping duties
The Brazilian government has opened an investigation to determine whether it should extend or terminate the anti-dumping duties imposed on imports of shoes from China in 2009. The investigation is supposed to last a maximum of ten months.Because of the anti-dumping duties, China is now in third place as a ...
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Vulcabras shows improvement, but loses the Reebok contract
Vulcabras, the Bazilian company that owns Azaleia, Dijean and Olympikus, announced a net profit of 11.2 million reais (€3.2m-$3.5m) for the fourth quarter of its last financial year, ended on Dec. 31. It was the first net profit in 13 quarters, following a long period of reorganization, and compared with ...
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Alpargatas reports mixed results
Increasingly known internationally for its Havaianas brand of rubber sandals, Alpargatas reported a rise of 8.3 percent in total revenues to 3.71 billion reais (€1,061m-$1,155m) for the past year, with growth of 13.7 percent in local currencies.The company booked net income of R$280.2 million (€80.2m-$87.2m) for the year, down 9.6 ...
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Yue Yuen’s profits dip
Yue Yuen raised its sales by 5.7 percent to US$8.01 million in 2014. Excluding special charges, operating profit was stable at $430.5 million, but the charges resulted in an operating loss of $99.5 million for the world's largest manufacturing company, which is also a major retailer in Greater China through ...
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Chinese workers go on strike again
New reports from China indicate the emergence of new turbulence at several shoe factories in Dongguan after the Chinese New Year. According to The Wall Street Journal, hundreds of workers went on strike on March 9 and 10 at a plant operated by Stella International in Dongguan, which employs some ...
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Vietnam aims for $14 billion in shoe exports
The Vietnam Leather and Footwear Association (Lefaso) has set a target of $14 billion for the country's global footwear exports in 2015. According to the Vietnam Customs, the country's footwear exports reached an estimated $10.22 billion in 2014, Fob (Free on Board) at Vietnam's ports, representing a 21.6 percent increase ...
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Li Ning lifts sales but remains loss-making
Li Ning Company enjoyed a sizeable sales hike last year, with much faster growth in the second half of the year, but it remained loss-making for the third year in a row – as the company already warned in January.The group has yet to find a permanent chief executive after ...
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361 Degrees hails turnaround
361 Degrees International, one of the largest Chinese sportswear companies, hailed a turnaround for itself and the market as it reported a sharp increase in sales and profits for last year, as well as a sizable jump in orders for this year.The group's turnover advanced by 9.0 percent 3,906.3 million ...
