Latest Headlines – Page 302
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Rip Curl loses its head
Olivier Cantet is resigning as global chief executive of Rip Curl and head of its European operations after 10 years with the Australian brand of surfwear. He does not want to say anything about his plans at this stage, but it seems that he is ready for a new challenge ...
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Joffard and family pull out of Lafuma
Philippe Joffard and the Lafuma family have decided to sell their remaining shares in the Lafuma Group, the French company that markets the Lafuma, Eider, Millet and Oxbow brands. Their 15.2 percent stake was acquired by the French subsidiary of Calida, a Swiss group that sells lingerie and underwear under ...
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New European chief and regional managers at Puma
Top management changes are continuing unabated at Puma with the departure of Sergio Bucher, the company's European general manager. Volfango Bondi, formerly Puma's director of global sales, was appointed as Bucher's successor on Monday, with immediate effect. The Italian manager joined Puma in 2009 after several years at Nike Italy ...
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Amer reinforces its European sales apparatus
Amer Sports is reinforcing the structure of its sales operations in the Europe, Middle East and Africa (EMEA) region by establishing a new network of commercial directors, strategic account managers and field sales managers with specific functions. The Finnish-based group has also appointed a new high-caliber general manager for its ...
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Change of management at Lacoste
Less than two months after the change of ownership at Lacoste SA, its general manager, Christophe Chenut, has left the company. He has been replaced by José Luis Duran, the chief executive of Devanlay, the French apparel maker that is Lacoste's most important licensee. Devanlay is owned by Maus Frères, ...
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Basicnet settles with Italian tax authorities
Basicnet, the Italian company that owns the Kappa, K-Way and Superga brands, among others, has agreed to pay €15 million over three years in a settlement with Italian tax authorities for 2006. The tax office in Turin said that the payment would amount to nearly €21 million including punitive charges ...
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JD enjoys festive season, Blacks still weak
While the festive season proved fatal for several British retailers, the JD Sports Fashion group boasted that comparable sales jumped by 3.2 percent for the seven weeks until Jan. 5 in its JD and Size stores in Britain and Ireland.For the 49 weeks from the start of the fiscal year until ...
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Go Sport sags in France, expands in Poland
Groupe Go Sport, the French sports retailer, saw its sales shrink by 5 percent to €162.2 million for the quarter until the end of December, which was a decline of 4.2 percent in constant currencies and comparable store sales. This weakness in the last stretch of 2012 led to a slight sales drop ...
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Dutch budget retailer in trouble
Schoenenreus, a Dutch discount shoe retailer with more than 200 stores selling sports and other footwear, obtained protection from its creditors earlier this month. Its financial troubles were attributed to the unease among Dutch consumers about the weakness of the European economy and growing competition from online stores.Spread around the ...
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Shimano builds European soft goods operation
As previously announced, Shimano has brought together all the activities of its Shimano and Pearl Izumi brands in apparel, eyewear and bags at a European head office dedicated to these categories. The office in Kirchzarten, Germany, previously supervised the European activities of Pearl Izumi alone. The integration became effective at ...
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McIlroy swings for Nike
After many weeks of speculation and buzz, the partnership between Nike Golf and the Northern Irish golfer Rory McIlroy was launched with great fanfare in Abu Dhabi this week. The game's top professional player since March 2012 is said to have signed a 10-year deal worth between $200 million and $250 ...
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Sporting goods stocks rise by 28.8% globally
The stock market value of the public sporting goods companies around the world rose to $216.3 billion in 2012, up by 28.8 percent on 2011 in terms of local currencies and on a weighted average basis. Curiously, together, the 13 European-based companies on our annual chart experienced the highest growth at ...
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Asics implements geo-marketing in Italy
Shortly after Mizuno's takeover of the distribution of its products in Italy, Asics officials report that they have taken full ownership of their Italian subsidiary. Franco Arese, who brought Asics to Italy in 1982 as its distributor, has sold his remaining minority stake in Asics Italia. Aged 68, he is set to retire ...
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Wolverine works with fewer business units
Wolverine Worldwide has decided to reduce the number of operating groups from four to three, following its acquisition last October of the Performance & Lifestyle Group (PLG) of Collective Brands, which brought the Saucony, Keds, Sperry Top-Sider and Stride Rite brands into its portfolio. These four brands have been redistributed ...
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Andy Mooney will head up the Quiksilver group
Andy Mooney, a former Nike and Disney executive, will become the Quiksilver group's new president and chief executive from Jan. 11. He will succeed Bob McKnight, the American board sports company's co-founder, who has been named executive chairman. Mooney will also join Quiksilver's board of directors later this week.The newcomer ...
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Steve Veytia steps aside at Supra, runs Hyperice
Steve Veytia is going for an interesting new challenge in the area of sports health. Still based in France, the 46-year-old American industry veteran has become an investor in Hyperice and global chief executive of this new company, which has developed and patented a special ice compression technology that people can use to recover from muscle ...
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BBC becomes Heelys' global licensee
Sequential Brands Group has entered into an exclusive, long-term global agreement to license Heelys footwear to BBC International after the closing of its contract for the takeover of the American brand of wheeled footwear. If approved by shareholders, the transaction will close in the first quarter of 2013. Among other benefits, ...
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Munich changes ownership, expands internationally
Xavier and David Berneda have returned to the helm of Berneda S.A., the Spanish company that manages and manufactures the Munich brand of sneakers. The two brothers, who represent the third generation in the family-owned company, had left it last July in the midst of negotiations, which have now been ...
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Lotto innovates in football, expands in tennis and running
Lotto Sport Italia is readying the retail launch in mid-2013 of the Solista, a special new football boot that reflects natural and artificial light, drawing more attention to its logo on the football pitches of the world. It uses a special patented microfiber technology on an exclusive basis. Lotto officials hope ...
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Major running brands sign up tennis stars
New Balance, which abandoned its former anti-sponsorship philosophy a few years ago, has announced its first deal in the tennis sector. The contract is with Milos Raonic, a Canadian tennis champion born in Montenegro 22 years ago, who was previously sponsored by Lacoste.The terms of the contract between New Balance and Raonic ...
