Latest Headlines – Page 421
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Demand For Bikes Boosts Accell’S Revenues And Profits
The Accell Group reported 33 percent higher net profit of €24.4 million for the year ended Dec. 31 while announcing the acquisition of the German Ghost brand of high-end mountain bikes, produced in Germany and assembled in the Czech Republic. That brand generated a turnover of about €25 million in ...
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K-swiss Sees No Turnaround Before 2009
K-Swiss recorded its first operating loss in 10 years in the fourth quarter ended Dec. 31. It was a loss of $1.3 million compared with an $8.1 million profit in the same period the year before. Following a tax credit for 2007, the company had net income of $596,000 for ...
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A Customized Running Show Replaces The Summer Ispo
After staging the biggest ISPO Winter show in Munich and a successfully ISPO China in Beijing, Messe München has announced that it is suspending the fading ISPO Summer until further notice. Responding to the increasing segmentation of the market, it is holding instead the first Running Order Show, concurrently with ...
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More Brands And New Logo For Outdoor
Shortly after the European Outdoor Group’s (EOG) decision to keep the OutDoor show in Friedrichshafen through 2013, Messe Friedrichshafen has reported, as of early March, a high level of bookings by vendors for the show, which will take place at Lake Constance on July 17-20. So far, the show counts ...
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French Football League Says Oui To Nike
Nike has dealt its rival Adidas a major blow by signing an eye-popping sponsorship deal with the French Football Federation (FFF), which sees the French squad switching from Adidas to Nike in 2011. The sponsorship agreement is worth €320 million for seven and a half years, equivalent to a record ...
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Nike Sells Bauer
The buyer of Bauer Nike Hockey is a Canadian businessman, W. Graeme Roustan, supported by Kohlberg & Co., a 20-year-old American private equity firm. The purchase price is given as US$200 million, or about $50 million below the level that had been speculated in the Canadian press and close to ...
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Mariette Resigns As Quik President
Bernard Mariette has resigned as president of Quiksilver with immediate effect to pursue other interests, including a possible bid to acquire the Rossignol group. Robert B. McKnight, who remains chairman and chief executive, has resumed the role of president, confirming the group’s intention to concentrate on the Quiksilver, Roxy and ...
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Intersport Places Fashion Sport Concept In Spain On Hold
Intersport Espana has finalized the sale of its company-owned stores to one of its members, Intersport Mestre. On the other hand, it has decided to put on hold the development of its fashion sport concept, called Unisport, until it can guarantee a better sell-out of the brands and the products ...
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Some Improvement At Go Sport
Groupe Go Sport presented results last week that showed some improvement, largely thanks to strong sales in Poland and steady revenues from Courir, its chain of athletic footwear stores. To help lower its operating costs, 20 stores under the group’s three different banners were closed in the course of last ...
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Karstadt Remains Arcandor’S Problem
Arcandor, the German group formerly known as Karstadt-Quelle, suffered a sales decline of 2.2 percent to €4.72 billion in the first quarter of its new financial year, which ended last Dec. 31. The management argues that a comparison with the same quarter of the previous year is difficult due to ...
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Nautilus Sells Pearl Izumi To Shimano
Shimano has bought Pearl Izumi from Nautilus, which has been in a deep reorganization mode (see further below). Pearl Izumi, a sports apparel and footwear company also known as DashAmerica, will become a wholly owned subsidiary of Shimano’s U.S. subsidiary. It will pay $69.5 million in cash for the business, ...
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Wolverine Consolidates European Operations
Wolverine Europe will soon consolidate its three UK offices in one single new location in London. The group’s acquisitions over the years have led to Hush Puppies being run from Leicester, Merrell and Patagonia footwear from Bristol, and the former Overland Group – which includes the Caterpillar footwear brand – ...
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Stonefly Teams Up With Etonic
Etonic Worldwide is taking over the distribution of Stonefly in the USA, and it will take advantage of the Italian brand’s know-how in comfort shoes to develop a line of casual walking shoes under its own name, due to be delivered to retailers in the Fall of 2009. Stonefly will ...
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New Licensees For Ellesse
Unlimited Sports Group (USG), the Dutch sports retail and distribution conglomerate, continues to accumulate deals with international brands, the latest one being a licensing deal with Ellesse for the Benelux. Taking over from Leomil Europe, now a property of Cortina, this new activity has been placed under a new subsidiary ...
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BERGHAUS TAKES NEW STRIDES ABROAd, SEGMENTING ITS OFFER
After fully reorganizing its distribution network in Europe and news deals signed in Korea and in Poland, Berghaus is banking on full expansion. Now owned by Pentland, the UK brand’s insular outlook is being overhauled. This brand, which had previously focused mainly on the British market, has used ...
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Fenix Outdoor Improves Sharply
The Swedish outdoor group, which owns important brands such as Fjallräven and Hanwag, reports a whopping 40 percent increase in net profit to 81.9 million Swedish kronor (€8.79m-$13.03m) in 2007 on 14 percent higher net sales of 845 million SEK (€90.7m-$134.4m). The group’s operating profit (EBIT) grew by 40 percent ...
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The North Face Focuses On Emea Markets
Strong growth in the Europe, Middle East and Africa (EMEA) markets has led The North Face to reinforce its sales and management teams in that division. It has taken on a new sales director for the EMEA region, new managers in the UK, Italy, Poland, the Nordic countries as well ...
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Billabong Rides Against Currencies
Billabong International’s latest results, covering the six months that ended on Dec. 31, 2007, bear the brunt of currency effects. The Australian company’s revenues increased by 8.4 percent to A$662.0 million (€411.0m-US$609.4m), but grew by 15.8 percent in constant currencies. Net profit decreased by 2.0 percent to A$88.7 million (€55.1m-$81.6m), ...
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Soft U.S. Market Affects Volcom
The soft retail environment in the USA led to off-price sales at Volcom in the 4th quarter of 2007, causing a drop in the American apparel company’s gross margin of 3.8 percentage points to 43.4 percent. While total revenues grew by 22.1 percent to $69.1 million, net income was off ...
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Kappa Raises Aggregate Sales By 19.5%
The aggregate sales of BasicNet’s network of licensees rose by 15.0 percent to over €275 million in 2007, thanks in part to a 38.7 percent jump for its Superga brand, according to preliminary data released by the company ahead of a more comprehensive financial report due to be put out ...
