Latest Headlines – Page 327
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Amer Sports rides off with Nikita
Amer Sports is moving further into the action sports market with the acquisition of Nikita, the Icelandic brand of boardsports and lifestyle apparel focusing on women. Amer Sports is already involved in action sports through Salomon snowboards and Bonfire apparel.The move fits with the Finnish sports group's strategy to invest ...
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Buoyant year sparks sell-off talk at Helly Hansen
Peter Sjølander, chief executive of Helly Hansen, said that the company was about to end another buoyant year, whose results might attract takeover bids as early as next year. However, the Norwegian company insisted that it was not starting an auction and that it would gladly continue to build up ...
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Li & Fung buys Hang Ten
Li & Fung, the large Hong Kong-based supply chain manager, is set to take over the Hang Ten Group, a major factor in the surf apparel market through its Hang Ten, H&T and Arnold Palmer brands. It has placed a conditional offer of 2.65 billion Hong Kong dollars (€260.9m-$340.5m) for ...
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Quiksilver triumphs over tough economic conditions
The Quiksilver group ended its fiscal year with a buoyant last quarter, as its sales increased by 10.1 percent to $545.2 million for the three months until the end of October, amounting to a rise of 6 percent in constant currencies. The company's managers hailed the quarterly performance as robust, ...
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Billabong shares take a battering after profit warning
Billabong International's shares took a nosedive on the Australian stock exchange this week, after the boardsports company warned that its comparable sales would decline for the six months until the end of December, and that its Ebitda would shrink by up to 26 percent for the period. Billabong shares lost ...
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Karstadt’s owner still has a chance to buy Kaufhof
Eckard Cordes, the departing chief executive of the Metro Group, told a German newspaper, Frankfurter Allgemeine Zeitung, that the race for the acquisition of Kaufhof is still open. There are bids on the table from Nicolas Berggruen, the owner of Karstadt, the other major department store chain in Germany, and ...
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Ispo events focus on Brazil, marketing
Ispo Munich wants to make it clear that it not only serves as a good platform for companies and brands to show off their latest styles and innovations in the exhibition halls, but allows members of the sporting goods industry to keep up with the market through its conferences. The ...
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Blaming imports, Vulcabras posts a loss
The Brazilian footwear company, which owns the Olympikus brand of athletic shoes and apparel and has a management contract for the Reebok brand in Brazil and Argentina, has reported major sales declines and a net loss for the third quarter, ended last Sept. 30, blaming in part “aggressive” imports of ...
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Alpargatas beats higher rubber prices
The parent company of Havaianas, Dupé, Topper, Rainha and other brands improved its net income by 7.6 percent to 87.5 million reais (€34.9m-$46.3m) in the third quarter ended Sept. 30 in spite of a 28 percent increase in the cost of rubber. In releasing Alpargatas' results for the period, the ...
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Blacks Leisure Group is for sale again
Blacks Leisure Group, the struggling British outdoor retailer trading under the Blacks Camping and Millets banners. announced today that it has received an expression of interest from Sports Direct International (SDI), the controversial leader in the broader sporting goods sector, in the possible acquisition of the company or parts of ...
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Bridgepoint pays a premium for Wiggle
Offering more than other equity funds, Bridgepoint Capital closed a deal last week to acquire a majority stake in Wiggle, the biggest online retailer in the U.K. specializing in road cycling, swimming and running gear for triathletes and other frequent and serious sports participants. The deal values the company at ...
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Game 7 Athletics reports a turnaround
Game 7 Athletics is the Italian chain of sporting goods stores born in 2008 from the ashes of the former bankrupt Giacomelli Sport. For its last financial year, ended on June 30, the company has reported its first net profit since Champion Europe bought selected assets of the former Giacomelli ...
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Hestra opens Hungarian factory
Hestra Hungary, a joint venture between Hestra of Sweden and Union Trade Kft, a Hungarian producer of shoe components, opened a new manufacturing plant in the east of the country last month for the Swedish ski glove maker. Hestra was hard-pressed to expand its production capacity as its sales roughly ...
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New Wave will take Paris Glove to Europe
Last week, New Wave Group announced the acquisition of a Canadian company called Paris Glove, that produces sports gloves under the Auclair Sports brand name as well as other types of gloves for the fashion and industrial markets. The Swedish group, which is involved in sporting goods as well as ...
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Rossignol’s turnaround is confirmed
French President Nicolas Sarkozy paid a highly publicized visit to the Dynastar factory at Sallanches, which overlooks the Mont Blanc this morning to give it a newly coined “made in France” label and to celebrate the Rossignol Group's recent decision to repatriate the production of junior skis from China, to ...
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Roxy will relaunch its skis, made by EXO
Quiksilver has announced that it will offer a line of Roxy branded skis for the winter 2012-13 season. They will be made in a small workshop at St. Jean de Moirans, where Rossignol's new head office is located, but not by Rossignol, which manufactured the Roxy line when it was ...
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Lafuma turns around, relaunches Killy
The Lafuma Group has reported a net profit of €3.9 million for the financial year ended last Sept. 30 compared with a loss of €3.6 million the year before. The gross margin improved by 2.3 percentage points to 53.9 percent of sales, thanks in particular to a better sales mix ...
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Another French brand, Fusalp goes high-end
Lafuma is not the only company going after the high end of the skiwear and after-ski outerwear market with its new Killy collection, in the footsteps of Moncler, Kjus and Toni Sailer. Two other French brands with a long history in the ski sector, Fusalp and Look, are going in ...
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Look invests heavily in apparel
Sports-inspired vintage outerwear is a segment in which another French firm, Look, has started to invest. The company, whose core business consists of automatic pedals for bicycles, has allocated a budget of €10 million to develop a market for its Look branded collection of garments and accessories, with a medium-term ...
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Maier Sports takes Rono and runs
Maier Sports, the German sports apparel firm acquired by the Findos Investor equity firm last Aug. 1, is taking over a specialty brand of running wear, Rono Innovations. Rono will reportedly continue to operate independently within the new enlarged group, which also markets Maier Sports snow apparel and outerwear as ...
