Latest Headlines – Page 386
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Adidas Gets More Serious About Outdoor
Adidas is preparing to widen its international distribution of outdoor products, as part of a multi-year plan to establish the brand in the global specialist outdoor sector. While sales formerly focused on German-speaking countries, along with Russia, China and Korea, a wider and more technical outdoor range is to be ...
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Lake Constance Proves To Be A Crisis-free Zone
Counter to Messe Friedrichshafen’s own expectations before the OutDoor show that ended last Sunday, the number of visitors was again up: 19,300 visitors from 90 countries came to Lake Constance to meet 810 exhibitors from 38 countries. Last year’s total number of visitors had been 18,900. According to German trade ...
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Jjb Plans To Raise £50 Million, But How?
Confirming that it wants to raise at least £50 million (€58.0m-$80.9m) to help fund its turnaround, JJB Sports said one of the options would be the placement of company shares and an open offer for new ones. According to a report that could not be confirmed, the shares would be ...
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Robert Louis-dreyfus, Former Owner And Turnaround Artist At Adidas, Has Died
Robert Louis-Dreyfus, the charismatic and unconventional French-Swiss billionaire who acquired and turned around Adidas in the mid-1990s, died on July 4 of leukemia, a disease against which he had been fighting for many years. He was 63 years old, and we knew him well. Louis-Dreyfus sold most of ...
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Geox’ Head Finds More Debt Than Expected At Diadora
Mario Moretti Polegato, the founder and main shareholder of the shoe manufacturer and retailer Geox, has found more debt than expected at Diadora as he is taking over a large part of its activities through his own investment company Sviluppo 3, renaming the business as Diadora Sport. The debt amounts ...
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Kamik’S Owners Buy 50% Of Aku
The families that own these two brands have decided to set up a 50-50 joint venture, called Aku Italia, that will take over all the assets of Aku, a leading Italian producer of outdoor boots in Montebelluna that has been trying to complete a gradual transition from the status of ...
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Jaked Ties Up With Yamamay
Jaked, the new Italian start-up that has developed a much-publicized all-polyurethane seamless swimsuit worn by several champions (see previous issues of SGI Europe), confirms a report that Inticom, the Italian producer of lingerie and beachwear behind the Yamamay and Carpisa brands, has acquired a controlling stake in the company. ...
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Marker-völkl Teams Up With Dalbello
Marker and Völkl, the brands of skis and bindings owned by K2 and ultimately by Jarden Corporation, are going to be distributed together with Dalbello’s ski boots in several important markets, effective January 1, 2010. The two groups will also be looking for additional synergies in product development, marketing and ...
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Tecnica Group Makes Big Statements In Outdoor Shoes
The Italian group is launching an interesting new category of comfortable, athletic-inspired outdoor shoes under the Tecnica brand, called the Tecnica Rolling System. This is one of the first initiatives undertaken by the Tecnica Group to achieve a corporate goal of taking outdoor, in-line skating and other summer-based sports ...
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More Reshuffling At Vf
Patrik Frisk, until now the head of the operations in Europe, the Middle East and Africa for The North Face, has been promoted to president of VF Corporation’s Outdoor & Action Sports unit for the EMEA region. He will report in this new role to Karl Heinz Salzburger, president of ...
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Holland Is Hi-tec’S New Dutchman For The Netherlands
Hi-Tec has teamed up with Anton Holland, a well-known businessman in the Dutch sports business, to distribute the sports brand in the Netherlands from the beginning of July. The tie-up brings together two of the most prominent Dutchmen in the sports business, Holland and Frank van Wezel, who established Hi-Tec. ...
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Abacus’ New Deal Will Expand It Into U.S.
The Swedish golf apparel brand has signed an agreement with Caulfeild Apparel, a Canadian distributor, to sell its products in both Canada and the United States. Abacus will gain exposure in the U.S. market as the brand worn by the European team at the Solheim Cup, to be held in ...
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Npd Estimates The Broader European Outdoor Market At €14.1 Billion
This estimate of €14.1 billion by the authoritative market research company NPD means that the outdoor sector represents about 20 percent of the overall European sporting goods market, previously estimated at around €70 billion at retail, including VAT. According to NPD, this sector grew by 1 percent in 2008, ...
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Summer Shows Shrink
The organizers of the Bread & Butter show, which came back to Berlin on July 1-3 after many years in Barcelona, hailed the event as a great success, but decided not to release attendance figures this time, focusing instead on the “quality” of the attendees. In their public statement, they ...
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Amer’S Biggest Shareholder Cashes Out
Amer Sports was notified today that its biggest shareholder, Novator Finland, has sold it entire stake of 20.11 percent in the company. The sale was reportedly made at a relatively discounted value of €7.00 per share. The news sent Amer’s stock down by 13.9 percent today to €7.15, giving the ...
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Npd Saw A Stable Sports Market In 2008
According to research by the NPD Group, the sporting goods market didn’t grow in 2008 – but on the other hand, despite the global economic crisis, it didn’t shrink, either. In terms of U.S. dollars, sales of sports equipment, apparel and footwear to consumers remained steady at $284 billion, after ...
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Analysis: The sports equipment market 2008
Thanks to some strong performance overseas by bicycle makers, the global sports equipment market had a 1.2 percent gain at the wholesale stage in 2008, reaching a value of nearly $60 billion. However, in the U.S., where weak categories like golf and fitness play a greater role in the marketplace, ...
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Average Prices Are High In The Big Russian Market
NPD Group estimates that the Russian sports market was worth about $5.7 billion in 2008, making it one of 11 countries in the world where sales exceeded $5 billion. NPD has extended its market research into this big market, where it has been tracking sales of sports apparel, athletic footwear ...
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Nike’S Orders Take A Hit In Europe
Nike gained market share in several important countries markets through the 4th quarter of its financial year, ended on June 30, but the company saw its margins squeezed and faced a drop of 12 percent in orders for the Nike brand at the end of the year in dollars, down ...
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Moretti Polegato Participates In The Liquidation Of A Streamlined Diadora
The liquidators of Diadora, Pierantonio Biasotto and Raffaele Gallina, have filed a request with the bankruptcy section of the tribunal of Treviso to seek an arrangement with the company’s creditors over their claims. The time frame to reach the settlement will be defined once the court accepts the request.In the ...
