Latest Headlines – Page 332
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J. Lindeberg goes under new ownership
Three investors from the Danish fashion industry have taken over J. Lindeberg, the Swedish golf and ski apparel brand. The majority of the company's shares was previously in the hands of Proventus, a Swedish investment fund, which led and intense turnaround effort at the company. Jonas Meerits, J. Lindeberg's chief ...
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Glenbrae works with Lanner in Sweden
The leading British brand of golf knitwear is now on the Scandinavian market through a partnership with Lanner, the leading Swedish producer of golf socks. The latter has set up a separate company, Glenbrae Scandinavia, that has the rights to distribute Glenbrae products only in Sweden for the moment, with ...
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Mixed results for sports at New Wave
The New Wave Group has reported a 9 percent drop in sales to 368 million Swedish kronor (€39.8m-$53.8m) in its sports & leisure division for the second quarter ended June 30. Its Craft brand had good growth, especially in the promotional clothing channel, while Cutter & Buck was weaker, mostly ...
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Alfa wants to double through exports, new products
The Norwegian ski and outdoor footwear company has embarked on an ambitious five-year strategic plan to roughly double its turnover through higher international sales as well as forays into new product categories. The plan follows the appointment of Pål Olimb as chief executive and a shareholder of Alfa in ...
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Bitter family row startles bicycle industry
A messy split between members of the Hon family and their competing brands of folding bicycles has mesmerized the bicycle industry in the last weeks – with serial injunctions, defecting distributors and lawyers inspecting stands at international fairs.The acrimonious battle in the Hon family became public in June when the ...
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Bike industry irons out tensions on pricing
The World Federation of the Sporting Goods Industry (WFSGI) and the Union Cycliste Internationale (UCI) have held talks to quell industry concerns over a statement by Pat McQuaid, the UCI's chairman, who accused bicycle suppliers of turning out “unsafe” carbon frames at a cost of $30 to $40, only to ...
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Brazil raises bike duties as imports surge
The import duty on assembled bicycles in Brazil has been raised to 35 percent from 20 percent. Eduardo Musa, the president of Caloi, Brazil's biggest bike maker, told Bike Europe that there has been a huge influx of imported bicycles into Brazil: 50,000 units came into the country five years ...
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WFSGI speaks out against trade barriers
Sporting goods industry executives and government representatives from various countries called for reduced trade barriers on sporting goods at a special session hosted for the first time by the World Federation of the Sporting Goods Industry (WFSGI) at the Public Forum of the World Trade Organization in Geneva last Wednesday.They ...
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Cotton prices stabilize at last
The cotton bubble has burst. Prices are half what they were at their peak in March, when they reached about $1,400 for a candy (356 kilograms). Constraints on production capacity among Far East producers have also eased up. As a result the Indian government has decided not to impose any ...
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Uzbek labor practices are under fire
The use of forced child labor in harvesting cotton in Uzbekistan has gotten the attention of more than 60 international apparel companies, including Adidas, Li & Fung, New Balance, Columbia Sportswear, Eddie Bauer, Puma, PPR, VF Corporation, Burberry, C&A, Carrefour and The Jones Group. They have all vowed not to ...
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More organic cotton
Textile Exchange estimates that global retail sales of apparel, home and personal care items using organic cotton increased by 20 percent between 2009 and 2010, reaching a value of more than $5.61 billion and exceeding TE's earlier projection that they would go up to a level of $5.1 million. A ...
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Global sports apparel market rises by 5.1%
SGI's annual survey of the global branded sports clothing market at the wholesale stage shows that it did not perform as strongly in 2010 as the smaller and more concentrated athletic and rugged outdoor shoe markets, which rose by 13.2 and 12.8 percent, respectively, as we reported in July.According to ...
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Sports Direct sees declining margins
In an interim statement released prior to its annual general meeting last Wednesday, Sports Direct International said its total sales rose by 0.5 percent to £410 million (€467.7m-$656.8m) in the 13 weeks ended Sept. 6, not including the revenues from the group's new premium lifestyle division. However, gross profit decreased ...
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XXL wants to dominate Scandinavia
XXL, the large-scale Norwegian sports and outdoor retailer, wants to build up a hard-hitting Scandinavian retail group with sales equivalent to nearly €1.5 billion in three countries. The company's managers told SGI Europe that they were targeting a network of about 100 stores in Norway, Sweden and Finland in the ...
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Amer updates status of its strategic plan
Amer Sports, the Finnish sports company, told investors at a “capital markets day” in Helsinki a few days ago that it was on track with its strategic plan outlined one year ago – calling for swift expansion in apparel and footwear, as well as moves into new categories and structural ...
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Derby chafes at Accell’s bigger stake
Derby Cycle cried foul last week after Accell Group, the Dutch bicycle and fitness group, increased its stake in its large-scale German rival to about 22 percent. Accell acquired 5.7 percent of Derby last April, in what it described as a financial investment, but Derby's managers angrily described Accell's latest ...
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Quiksilver’s results are lifted by the dollar and emerging markets
Partially lifted by the declining value of the dollar, Quiksilver increased sales by 14.0 percent to $503.3 million in the third quarter ended July 31, beating market expectations of turnover slightly above $472.0 million. In dollar terms, the top line rose strongly in the Asia-Pacific region, while in the Americas ...
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Skullcandy takes over European distribution
Skullcandy, an American producer of fashionable headphones that are also sold in sporting goods stores, has acquired Kungsbacka 57, the Swedish company that has been distributing its products in Europe. Skullcandy, which recently went public, is setting up a European sales office in Switzerland that should become fully operational after ...
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Ellesse returns to the North American market
Chris Evert and a roster of American industry veterans are accompanying the relaunch of the Italian sports brand through a new company, Ellesse N.A., that has obtained the master license for the brand in North America from its owner, Pentland Group. Evert, who won six U.S. Tennis Open championships and ...
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Brown Shoe resells And 1 to Galaxy International
Brown Shoe Company of the U.S. has agreed to sell its And 1 brand of basketball shoes to Galaxy International, a newly formed brand management company, for $55 million in cash. The transaction is expected to close within 45 days. Brown Shoe plans to use the proceeds from the disposal ...
