Latest Headlines – Page 371
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Puma Acquires Cobra Golf
Puma is reinforcing its golf apparel and footwear business with the acquisition of an equipment brand, Cobra Golf. It is being sold by Fortune Brands and its Acushnet golf unit, which still runs the FootJoy and Titleist brands. The transaction is expected to be finalized in the second quarter of ...
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New Owner For Bobby Jones In Europe
The European Bobby Jones golf apparel operations have been taken over by HMX Group, the New York company that acquired the assets of the failed Hartmarx group last year and has a global apparel license for the Bobby Jones golf brand. This comes after Bobby Jones Lifestyle, the brand’s European ...
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Blacks' Board Turns Down Sports Direct’S Takeover Offer
Blacks Leisure Group has turned down a non-binding offer from Sports Direct to buy all of its shares, issued and to be issued, for 62 pence apiece. This was a 3.33 percent premium over the share price at closing the evening before the offer was made. However, Blacks called it ...
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Sport 2000 Moves Into Serbia With Sport Depot
Sport Depot, which became the licensee of Sport 2000 in Bulgaria in the summer of 2009, has seen its partnership extended to Serbia. It is opening the first Serbian Sport 2000 store on 300 square meters in Nish this week and following up with a 1,500 sq.m. location in Belgrade ...
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Budget Sport Enters Switzerland
Already well tested by Intersport’s Finnish licensee, Kesko, the low-cost Budget Sport format of Intersport International is going to be introduced on the Swiss market in the spring of 2011, and retailers in other countries are expected to adopt it soon as well. Intersport Schweiz is setting up a ...
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Intersport Launches A European Running Community
Various national Intersport organizations are setting up a dedicated running community on the internet as part of the group’s new strategy of bringing “Sport to the People.” Following up on Intersport’s former “Run Free” campaign with Adidas and Asics, it is also sponsoring a growing number of running events. ...
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Decathlon Accelerates Its Expansion In Some Countries
The world’s largest sporting goods retailer is expanding in some countries more than others, following years of preparation. The focus is now especially on China, Russia and Portugal, among other markets. It is also make progress in one of the toughest markets for its concept, Germany, and taking its Skimium ...
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Sport Eybl & Sport Experts Continues To Grow
The chief executive of Sport Eybl & Sport Experts AG, Peter Wahle, is confident the company will reach its sales target of €390 million for the fiscal year ending next August due to the good results of the winter season, reporting nearly double-digit growth compared with the previous winter. ...
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Improving Momentum At Nike, Despite Problems In Europe
The results were partly aided by currencies and extraordinary gains. Sales rose by 7 percent to $4.4 billion at Nike in the third quarter ended Feb. 28, though this was an increase of just 2 percent on a currency-neutral basis. Net income more than doubled, climbing by 103.3 percent to ...
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Quiksilver Reports A 12% Drop In Europe
Quiksilver has reported a 2 percent drop in revenues to $432.4 million for the first quarter ended Jan. 31, though the level was $20 million higher than previous projections. The company said that this discrepancy was due largely to foreign currency fluctuations, as well as earlier shipment of DC brand ...
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Rusty Comes Back To Europe
After four years of absence from the European market, Rusty has entirely rebuilt its distribution network from a European head office on the Basque Coast of France. The Californian surf brand should reach a European turnover of about €10 million for the financial year ending in June 2010 and expects ...
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Prince Shuffles European Structure
Prince Europe has taken a look at its business structure and its network of distributors in trying to find ways to be more competitive. In France, it has opened a subsidiary in Bordeaux, following up on a subsidiary opened last year in China. Lilian Villechenoux, formerly manager of Wilson France’s ...
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Deckers Takes Over The Distribution In Several Countries
Deckers Outdoor Corporation, the company behind the Teva, Ugg and Simple footwear brands, is reinforcing its European operations through the acquisition of its Dutch and British distribution partners. It opened a subsidiary for the Benelux countries and France at the start of this year and will do the same in ...
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Moncler May Go Public
Moncler is reportedly considering an acquisition and preparing a possible introduction on the stock exchange at the beginning of 2011, allowing the Carlyle fund, which owns 48 percent of the Italian company, to realize a nice capital gain. Remo Ruffini, shareholder, president and creative director, is expected to sell at ...
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Strong Progress At Fenix Outdoor
The Swedish group is leaving its dividends unchanged in spite of an 8 percent increase in net profit to 113.3 million Swedish kronor (€11.6m-$15.7m) last year and an improvement in its debt/equity ratio from 65.3 percent to 67.1 percent. Debt was reduced from 79.0 million SEK to 63.5 million SEK ...
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More Action On Anti-dumping Duties For Shoes And Bicycles
Fesi, the European sporting goods industry federation, has formally filed a lawsuit in the European General Court, challenging the procedures used in the investigation that has led the European Union to extend its anti-dumping duties on imports of leather shoes from China and Vietnam last Dec. 22. It claims that ...
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Italian Authorities Finance Samples And Propose New Origin Labels
In order to support research and development in the textile and apparel sector, the Italian government has issued a decree authorizing companies, including producers of sports apparel and of the upper part of textile shoes, to deduct the cost of designing and producing samples. The tax relief, which if fully ...
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Spanish Court Agrees To Hear Out Munich-umbro Dispute
Berneda S.A. persists in the judicial action started in 2005 to support its claim that Umbro’s logo creates a confusion with the registered X logo on its own shoes, marketed under the Munich brand name. The Spanish Supreme Court has agreed to review an appeal filed by Berneda in November ...
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Easton-bell Had A Negative Year
Easton-Bell Sports saw annual revenues decline by 7.6 percent to $716.3 million for the fiscal year ended Jan. 2. Operating income fell by 27.9 million to $45.5 million, and gross margins fell by 1.7 percentage points to 32.65 percent. The net loss was $4.1 million, compared with earnings of $13.4 ...
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Rec/Leisure At Dorel Has Good Growth
Revenues within the recreational/leisure segment of Dorel Industries grew by 11.3 percent to $175.7 million in the fourth quarter ended Dec. 30. About two-thirds of this came from acquisitions the company made in the second half, with the rest from a 25 percent increase in sales from its Cycling Sports ...
