Latest Headlines – Page 413
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Scheck Targets The Russian Market
SportScheck, Germany’s largest specialty sports retailer, reached sales of €296.2 million in 2007, or 2.2 percent more than in the year before. The increase was basically due to the increase of VAT by 3 percentage points in Germany by January 2007. Stefan Herzog, Scheck’s managing director argued that the German ...
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More Funding And New Ceo For Extreme Online Retailer
ExtremePie.com, the European online fashion, urban and sports retailer, is looking to grow more organically and through acquisitions. For this purpose, the company has obtained new funding from Extreme Group, its parent company, and from Aspen Capital. The online retailer has also appointed a new managing director, Brian Campbell-Kearsey, a ...
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Fischer Sells Facc And Looks At The Possible Sale Of Its Sports Operations
Joining the Rossignol Group, which has reportedly received expressions of interest from about 25 different potential investors, Fischer, the troubled world market leader in cross-country skis, is said to be now on the bloc for a partnership or a possible sale of its sports operations, whose recent losses have apparently ...
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American Sneaker Experts Buy The Karhu Brand
Karhu Sporting Goods Oy, the Finnish company that owns the brand, describes the deal as very favorable in financial terms and useful to enhance the notoriety of this iconic Finnish brand name on a global level. Under the deal, two former executives of Converse and Reebok, Huub Valkenburg and Jay ...
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Beal Goes Direct In The U.S. Market
Partly to offset the weakness of the dollar, Béal and Black Diamond Equipment, which has been its distributor in North America for 25 years, have decided to part ways. The leading French supplier of climbing ropes will work directly with retailers in the region, eliminating intermediaries and focusing on key ...
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Columbia Is Serious About Becoming A Retail Player In Europe
Columbia Sportswear is getting serious about becoming a retailer in Europe. So far, Columbia had some stores in Europe, especially in France, operated by local retail customers. Now, "Ma’s" brand wants its own stores in the Old World. For this purpose, Columbia has hired Scott Ziegler as new European retail ...
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Lafuma Will Restructure Eider
Lafuma, the French outdoor and surf company, plans to drastically cut costs and to divest non-core activities at Eider in order to turn around this relatively small French snow and outdoor brand that it acquired earlier this month, as already reported in the last issue of SGI Europe. Lafuma paid ...
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New Management And New Goals For Sergio Tacchini
Sergio Tacchini aims to boost annual sales to €100 million in 2010 from €60 million currently under new ownership and new management by repositioning its product line and by extending its retail network, especially in China. Including licenses, the brand reached sales of €250 million in 2002. Founded in ...
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New High-caliber Boss For Halti
Halti, the leading Finnish brand of sports outerwear, has appointed a new highly professional chief executive with international experience, Matti Mustaniemi, to help the company expand further abroad and to generate better results. Starting in August, he will replace Risto Salo, the company’s biggest private shareholder, who will continue as ...
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Rapala Acquires Sufix
Rapala VMC Corporation, the big European fish in the vast aquarium of angling and tackling brands, has acquired the brand rights of Sufix, a strong Taiwanese manufacturer of fishing lines. The Finns and the Taiwanese have also inked an inclusive deal on supplies of fishing lines, including lines supplied to ...
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The Stadil Family Pulls Back At Hummel As The Company Breaks New Records
The family of Thor Stadil, which owns Hummel and many other assets, will take a less active role in the management of the Danish handball and football company now that its return to profitability is confirmed, while sales growth continues unabated. The company reached a net profit of 11.4 million ...
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Hi-tec's Streamlining Shows Promise
Far-reaching restructuring measures in Hi-Tec’s European business have caused double-digit sales declines in several markets, but they contributed to cost savings of $12 million and an improvement of two full percentage points in the company’s net margin last year. Launched about two years ago, the European overhaul entailed the ...
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Rip Curl Europe Is Ok Except In The Uk
New stores and expansion in Eastern markets lifted Rip Curl’s European sales by about 10 percent to a newly projected level of €120 million for the financial year ending on June 30. The rise was achieved in spite of flatness in the British market, which makes up about 15 percent ...
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Bodytalk Expands North To Eastern Europe, May Go Public
Bodytalk, the Greek fitness apparel company, is in talks for a stock market launch as it continues to expand both in its own market and abroad. George Leoutsakos, the company’s chief executive, is hoping to raise at least €20 million by floating 10 percent of the equity to help finance ...
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Sports-inspired Shoes Do Better Than Actual Sports Shoes
NPD Group, the international market research group, has found that shoes inspired by sports but designed for leisure wear are a growing category, more so than shoes designed to practice sports, in the U.K., France, Germany, Italy and Spain. Annual sales of these fashion athletic shoes grew by 2 percent, ...
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New Nordic Owners For Intersport Danmark To Facilitate Growth
At an extraordinary meeting held at the end of May, the shareholders of Intersport Danmark unanimously accepted the offer made by Arev & Straumur to acquire control of their cooperative, forming a new holding company in which they will retain a stake of nearly 25 percent. All of the 45 ...
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Lafuma Will Acquire Eider
Lafuma, the French outdoor and winter sports brand, is to acquire Eider over the coming weeks as a means to expand its snow sports business. Argos Soditic, the French investment fund that controls Eider, has been pressing for the sale due to the company’s losses and its level of debt, ...
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Quiksilver Writes Off Rossignol, Taking A Big Loss, But Is Improving Otherwise
Quiksilver ended its second quarter with a net loss after a sharp devaluation of its investment in Rossignol, the French winter sports group it acquired just over three years ago and put up for sale again earlier this year. Quiksilver took an impairment charge of $240.2 million, which triggered a ...
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Ado Huisman Gets The Mistral Brand
Boards & More has sold the Mistral trademark and global licensing rights to Mistral International BV, a Dutch-based joint venture in which the board sports company will retain a 49 percent stake. The controlling interest of 51 percent will be held by an investment company of Ado Huisman, a former ...
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Belfe Sells Post Card To Avirex
The Avirex Group, known for its famous Top Gun jacket and its Chinos trousers, associated with the history of aviation, has agreed to acquire Post Card, the sports fashion brand of the Belfe group. At the same time Alfredo Cionti, who is currently representing Avirex in Italy, will become the ...
