Latest Headlines – Page 355
-
Article
Hts Group Buys Hamax
HTS Hans Torgersen & Sønn of Norway, known also as HTS Group, is raising its annual turnover to some 500 million Norwegian kroner (€62.7m-$83.6m) following the acquisition of Hamax, another more export-oriented Norwegian company that claims market shares of 24 percent for bicycle seats and 30 percent for sledges and ...
-
Article
New Development Phase For Damart Sport
Damartex, owner of the French Damart brand of thermalwear and other products for senior citizens, is opening its first Damart Sport flagship store in a central location of Strasbourg, measuring 80 square meters, after a test with a pilot shop in Brussels. Others may follow in the next months if ...
-
Article
Odlo Opens New Corporate Stores Across Europe, Names New Executives
The Swiss sportswear brand is busy developing its network of single-brand stores in various countries. While the company’s philosophy is generally to operate doors through franchises wherever possible, the latest openings were done by Odlo International itself or through its distributors. Two new doors are being added in Switzerland ...
-
Article
Quik Purges Its European Debt
Quiksilver has concluded in principle a deal to sell €200 million worth of senior notes to institutional investors at 8.875 percent, maturing in 2017. The offering, which is expected to close this Friday, is being made by the company’s wholly owned European subsidiary, Boardriders SA, and will be fully guaranteed ...
-
Article
Rip Curl Sees A Possible Turnaround
Officials of Rip Curl are predicting stable revenues in Europe and an increase in the rest of the world for the financial year ending next June 30, based on sales and orders recorded so far. Sales have been rather stable or slightly higher in the last few months in major ...
-
Article
Lotto Expands Its Asian Footprint With A Deal In Bangladesh
Lotto Sport Italia has sealed a 10-year partnership for production, distribution and retailing products under its own brand in Bangladesh with Express Leather Products in Dhaka, from the start of next year. It covers footwear and accessories to begin with, and apparel should be added at a later stage. ...
-
Article
Management Changes At Usg
Len Langenberg, former joint chief executive of the Unlimited Sports Group (USG), the leading sports retailer and wholesaler in the Netherlands, has relinquished his operational functions at the company. He already took a step back last year, when he left his business partner, Jos Gillebaard, at the helm as sole ...
-
Article
New Ceo For Haglöfs
Nicolas Warchalowski, sales and marketing director at Haglöfs, will become the Swedish outdoor company’s chief executive from the start of next year. He replaces Mats Hedblom, who will remain in touch with the company as its corporate adviser. The change comes just a few months after Haglöfs was acquired ...
-
Article
Collective Brands Has A New Eurochief
Collective Brands is planning to make an announcement at the beginning of next year for the appointment of a new managing director of Collective Brands EMEA, the group’s Dutch-based subsidiary for Europe, the Middle East and Africa. However, his name – Chris Bate – and his new title are already ...
-
Article
Johnson Outdoors Makes A Nice Turnaround
Johnson Outdoors closed its financial year on Oct. 1 with a net profit of $6,539,000 against a loss of $9,671,000 in the previous year, following many sustained cost reduction initiatives taken in the last 18 months and thanks to a 7 percent increase in total sales to $382.4 million, up ...
-
Article
Other Companies Can Now Use Nike’S Environmental Tools
Nike has released its Environmental Apparel Design Tool, which is supposed to facilitate collaboration among companies, speed up sustainable innovation and decrease the use of natural resources such as oil and water. The software-based tool helps designers make choices that lessen the environmental impact of their work. Based on ...
-
Article
Toning Gets Challenged In The U.K.
After the numerous complaints of misleading advertising levied against Skechers in the U.S. this past summer, it’s now Reebok’s turn to be challenged in the U.K. about its advertising for EasyTones. Ruling that the research submitted by Reebok to substantiate its claims was insufficient, the Advertising Standards Authority of the ...
-
Article
Ftx – A New Italian Brand Of Snowshoes
Softly launched in 2009, FTX Snowshoes has sold about 10,000 pairs of snowshoes in Italy for the current autumn/winter season – not bad for a national market estimated at around 100,000 pairs a year and dominated by France’s lower-priced TSL brand. Entirely manufactured in Italy with thermoplastic materials, FTX ...
-
Article
Chinese Shoe Producer Goes Public In Malaysia
Maxwell International Holdings, a Chinese footwear company in Fujian that designs, develops and manufactures shoes for brands such as Diadora, Brooks, Fila, Kappa and Yonex, through a subsidiary called Jinjiang Zhenxing Shoes Plastic Co., has applied for a listing on the Malaysian stock exchange in Kuala Lumpur. The Chinese ...
-
Article
Investment Firm Takes Control Of Sport 2000 France, Which Gets New Rights For Italy
Activa Capital, the French investment company that acquired 37.4 percent of the share of Sport 2000 France in May 2008 in an equity increase intended to speed up its growth, is taking over control of the French buying group. Sport 2000 Invest, which represents its retail members, sees its ...
-
Article
Foot Locker Sees Positive Growth Everywhere
For the third quarter ended Oct. 31, Foot Locker reported a 5.4 percent increase in sales to $1,280 million, including an 8.1 percent rise on a same-store basis. Currency-neutral, revenues were up by 7.0 percent. Net income was $52 million, a huge improvement over the loss of $6 million for ...
-
Article
Asics Launches Its Own Five-year Plan
After Nike, Puma and Adidas, it’s now Asics’ turn to unveil its global growth plan to financial investors. The aim now is reach a sales target of 400 billion yen (€3,555.6m-$4,798.6m) or more by the year 2015, generating an operating margin of at least 10 percent and a return on ...
-
Article
Mizuno Grows Strongly In Europe And The Americas
Sales barely inched up in the first half at Mizuno, rising by just 0.2 percent to 76.4 billion yen (€670.4m-$914.8m). However, net income almost doubled, up by 91.3 percent to ¥1.8 billion (€15.8m-$21.6m). The operating profit jumped by 80.9 percent to ¥4.1 billion (€36.0m-$49.1m). The gross profit margin was the ...
-
Article
Accell Buys Turkish Bianchi And 50% Of Atala
Accell Group is acquiring all the outstanding shares of Bianchi Bisiklet A.S., giving the acquisitive Dutch bike and fitness group one of the top three positions in both Turkey and Italy, two strong markets for bikes and accessories. Accell Group already owns the Batavus, Bremshey, Ghost, Hai Bike, Hercules, Koga, ...
-
Article
Fifa’S Licensing Program Is In Doubt As It Starts To Take Shape In France
Global Brands Group, the U.K.-based master licensee of Fifa and other important sports federations such as Fiba and the PGA, has reportedly dismissed a large part or all of its personnel following serious financial problems. However, four of its managers, who are all former Adidas officials, are said to be ...
