Latest Headlines – Page 264
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Investcorp buys Dainese
Investcorp, the large private equity company, has acquired a majority stake in Dainese, the Italian company that is well known for the quality and innovation of its back protectors and other protection and safety solutions for motorcycling, skiing and other dynamic sports. The takeover places an enteprise value of €130 million ...
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Former Puma product chief takes the helm at Jack Wolfskin
Michael Rupp is unexpectedly leaving Jack Wolfskin after less than two years at the helm of the German outdoor company, to be replaced with Melody Harris-Jensbach, a former board member in charge of product at Puma and chief product officer at Esprit.The company said that Rupp had decided not to ...
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Kjus boosts management
Kjus has boosted its design, product management and marketing unit run by Nico Serena, by appointing three experienced professionals. Terence Sanford, a British national, is joining the Swiss-based company as its new head of design. A Swiss manager, Tom Schumacher, is being placed in charge of the accessories department, and ...
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Moncler is sues an Italian TV program over unethical goose farming
Moncler lost around €140 million in market capitalization on Nov. 3 as its shares plunged by almost 5 percent following the broadcast of an investigative report by an Italian TV program a day earlier. The journalists of the “Report” program on Rai 3, one of the country's state broadcaster's channels, ...
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Two Spanish buying groups will buy jointly
Two Spanish buying groups, Twinner Iberica and Giro 180, announced last week their decision to join forces in purchasing as a first step toward a possible closer future cooperation. They will continue to work independently of each other. It could not be determined whether this will allow their retail members ...
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Industry experts team up to internationalize Urban Jungle
Urban Jungle International, a new company established by a team of experienced managers, is launching an international athletic specialty store concept with a unique identity that is intended to combine “style, voice (music), design and purpose” to capture the mood and spirit of its young customer base, according to a ...
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Hi-Tec launches documentary series
Hi-Tec is launching “The Walkumentary Series,” an online documentary project conceived and produced by This that + the other, an Amsterdam-based advertising agency. The films focus on how walking can lead to extraordinary things and the importance of taking time away from everyday life. Each film views walking from a different ...
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Implus has acquired Trigger Point Performance
Implus has announced the acquisition of Trigger Point Performance. The price of the transaction was not disclosed. Trigger Point makes self-care products for athletes, including Grid foam rollers. Trigger Point Performance was founded in 2002 by Cassidy Phillips, a sport enthusiast and accomplished triathlete.Implus said the addition of the Trigger ...
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Fesi opens up to retailers
In a momentous move, the Federation of the European Sporting Goods Industry (Fesi) decided to admit retailers as members of the organization at its annual meeting in Amsterdam on Oct. 20-21. Pointing out that the decision was taken after a lot of debate and planning, Luca Businaro, the new president ...
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XXL continues to expand
Shares in XXL ASA opened at a price of 65.50 Norwegian kroner today, close to a high of NOK66.75 registered since the fast-growing Nordic sporting goods retailer began trading at a lower price of NOK58 on the Oslo Stock Exchange last Oct. 3. The initial trading in the shares had been ...
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Intersport goes online in Finland
The Intersport operations run by the Kesko group in Finland and Russia reported lower revenues for the third quarter ended Sept. 30. They were down by 4.1 percent to €48 million in Finland and by 7.8 percent to €4 million in Russia. A higher drop of 19.3 percent to €72 ...
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Go Sport reports 6.4% higher sales
Groupe Go Sport, which is in line to exit the French Bourse, continued to gain some ground in the third quarter ended Sept. 30. Its sales increased by 5.1 percent to €171.5 million during the period, despite a 1.4 percent drop in Poland, down to €13.8 million. The Go Sport ...
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New heads for Karstadt and Kaufhof ahead of a possible merger
Both of the major German department store chains have come under new management, fueling long-standing speculation that they may at some point come under joint ownership. Exploratory talks have already started, according to Metro Group, which owns Kaufhof. Both chains are heavily involved in the sporting goods sector.There is speculation ...
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Declining share prices for Zalando and Rocket Internet
We are still wondering whether a new “internet bubble” is emerging in the world of e-commerce, although the equity market in general has weakened. Zalando had a strong start on the Frankfurt Stock Exchange on Oct. 1, with a jump of up to 30 percent in early trading from the ...
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Quiksilver makes major leadership changes
Bob McKnight, the executive chairman of Quiksilver Inc. and one of the original founders of the company, has announced that he will be retiring from his position on Oct. 31, after more than 38 years of service. McKnight, who still has a stake of around 2 percent in the company, ...
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Is Adidas going to sell Reebok?
The Adidas Group is already considering the sale of Rockport, as we have previously reported, and according to Footwear News, a candidate for the acquisition could be New Balance. The German group may now be faced with the dilemma of whether it should also divest the Reebok brand. According to ...
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Sport does better than luxury at Kering
Kering's Luxury Goods division improved its sales by 3.7 percent to €1,676.6 million in the third quarter, with growth of 3.5 percent on a comparable basis. Kering's biggest luxury brand, Gucci, saw its sales decline by 1.6 percent in euros and by 1.9 percent on a currency-neutral basis (more details ...
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Under Armour posts 30% sales growth
Under Armour reported net revenues of $938 million for the third quarter ended Sept. 30, marking an exceptionally strong 30 percent increase compared with the previous year's period, with impressive jumps of 94 percent for international revenues and 51 percent in footwear. Net income rose by 22 percent to $89 ...
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Amer improves, generally
The sales and profit picture was mixed at Amer Sports across the brands and the regions in the third quarter ended on Sept. 30. Overall, the group booked a 6.1 percent sales increase to €645.8 million for the period, or by 6.0 percent in local currencies, but net earnings slid ...
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Slow sports growth at Jarden
For the three months ended Sept. 30, Jarden Corp.'s Outdoor Solutions business posted sales of $679.1 million, up by just 1.2 percent from the third quarter of 2013, and the operating profit of the segment fell by 1 percent to $66.4 million. Among the drivers for the continued sales growth ...
