Latest Headlines – Page 394
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Exel Sells Its Floorball Business
Cape Nordic, a Finnish distributor of sports and fashion products based in Helsinki, has bought the floorball business of Exel. This includes inventory and the order backlog, as well as a long-term licensing agreement related to the use of the Exel brand and other floorball brands. Exel’s sales ...
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Basicnet’S Net Profits Rises By 29%
The parent company of Kappa, Robe di Kappa, Superga and K-Way increased its net profit by 29 percent to €15.54 million, prompting the board to boost its annual dividend payment to €0.10 per share from €0.065 a year earlier in view of the good results. Gross operating profit (Ebitda) jumped ...
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Mammut Helps Parent In A Rough Year
The Mammut Sports Group saw its own sales rise by 8.8 percent to 192.6 million Swiss francs (€126.3m-$171.5m) for 2008. Excluding currency effects, it would have been double-digit growth. The good winter ended the year with a spurt in growth, and the company strengthened its distribution channels during the year. ...
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Profits Drop For The Parent Of Peak, Prompting Action In Spain And China
IC Companys managed to eke out a 1 percent increase in sales to 2,041 million Danish kroner (€273.9m-$373.2m) in the first half of its financial year, ended Dec. 31, but the operating profit dropped by a third to DKK 202 million (€27.1m-$36.9m) due to unfavorable market conditions that worsened in ...
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British Sports Industry Veterans Get The Dunlop Footwear License
Tom Knight, who acted as chief executive of JJB Sports until 2007, and Colin Ross, a former top executive of Adidas, Umbro and New Balance in the U.K., have set up a new 50-50 joint venture in the U.K., called Rossco Sportswear, to develop and market Dunlop footwear all over ...
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Spalding Signs New Licensing Deals With Italian Firms
Spalding is a well-known name in Italy, where it even had its own ski factory. The American company, which is jointly managed with Russell, has signed a new European licensing deal with an Italian leathergoods company, Sergiolin, for a line of bags, wallets, belts and other leather products that will ...
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Newsport Is Looking For A New Partner
The Spalding footwear contract marks a new direction in the development of Newsport, an interesting company that has been acting until now mainly as a trader or re-seller of sports shoes. It has been fulfilling an important role in Italy, as outlined in our new market research report on this ...
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Russell's Tie-up With Fruit Works Well
In the U.S., Spalding is being run together with Russell. In Europe, Spalding is run from Ireland while the Russell Athletic brand is led from Belgium. However, Claude Troisfontaines, who has been responsible for Russell Athletic since 2000, has been acting as a strategic adviser on Spalding’s board. In ...
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New Equity For Booming American Apparel
Lion Capital has made an investment of $80 million in American Apparel in the form of notes and warrants expiring in March 2016, entitling it to 18 percent of the capital if converted into shares. Without this equity infusion, the company might have been forced into Chapter 11 bankruptcy, according ...
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Another Look At Boardsports Shoppers
Further results have come in from the EuroSIMA Cluster’s study of 15- to 35-year-old boardsports consumers conducted by Arcane Institute last summer (other results were published in SGI Europe, Vol. 20, No. 11+12). The growth of the internet is clearly seen, as almost as many participants – 26.0 percent – ...
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Jjb Gets Extra Time To Sell Fitness Clubs
JJB Sports has extended its arrangements with its lenders - Barclays, HBOS and Kaupthing - allowing it to delay making payments to them without any extra fees, in view of the negotiations still going on over the sale of its profitable fitness clubs. The arrangements, which were to expire at ...
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Kipsta Gets Its Own Grand Home
Oxylane, the former Décathlon group, is continuing to invest in its private labels through the construction of a global design, development and training center dedicated to Kipsta, the retailer’s own brand for team sports. The company is planning to invest €10 million in a site of 8.5 hectares called L’Union ...
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Decathlon Invests More In Logistics
Oxylane is making big investments in new logistic facilities in France, Spain and Italy to improve operations and to cope with their expansion. These kinds of investments are crucial for the world’s largest integrated sporting goods retailer, because its Décathlon stores are designed to hold no stock. In southeastern ...
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Sport Eybl And Sports Experts Start With Sales Growth Into 2009
In the first half of the fiscal year ended last Feb. 28, Sport Eybl & Sports Experts AG generated a double-digit increase in revenue. The target for the full year is to register an increase of 3 percent over the previous year. The compay’s chief executive, Peter Wahle, credited the ...
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Sport 2000 Austria Is All The Way Up
The retailers affiliated with Sport 2000 Austria increased their sales significantly in 2008. Turnover at retail prices after VAT grew from €337 million to €355 million. The number of retailers was up to 278 from 272, while the number of doors increased by five to 430. The healthy development ...
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Athleticum Is In A Good Shape
Athleticum, the Swiss specialty sports chain, increased its sales by 7.6 percent to 205.4 million Swiss francs (€134.2m-$182.3m) in 2008. On a comparable basis, sales grew by 4.1 percent, but the chain added two doors, reaching a total of 22 units 20. For 2009, Athleticum plans to open three more ...
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Nike Reports A Small Sales Increase But Europe Is Down Sharply
Even Nike felt the pinch of the contracting global economy as it launched wide-ranging restructuring measures in reporting that its sales declined by 2 percent to $4.4 billion for its third financial quarter ended on Feb. 28. However, in constant currencies, the company’s sales still rose by 2 percent, prompting ...
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Nike Shuffles Geographical Structure And Gets Help For Specialty Markets
To reduce management layers and better focus on core business areas, the Nike brand will be reorganized into six new geographical divisions: North America, Western Europe, Eastern/Central Europe, greater China, Japan and emerging markets. There were previously only four geographical areas: the U.S., the rest of the Americas, Europe/Middle East/Africa ...
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Improving Diadora Cuts Costs But Doesn’T Exclude A Change Of Ownership
Diadora improved its results last year, but its management is not sure whether the pool of 12 banks that lent the company six-year loans of about €60 million will want to impose new conditions for their scheduled renewal next month. Anyhow, to help increase profitability further and in view of ...
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Warrior Seeks To Dominate The Ice Rink
While expanding its footprint in hockey and other categories fast, partly through acquisitions, Warrior Sports, the American company bought by New Balance five years ago, is making big strides into the European market. Just before the last Ispo show, where it had a booth full of new products, Warrior bought ...
