Latest Headlines – Page 424
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Luxottica Will Run Oakley Differently In Europe
Luxottica, which took over Oakley last November, has decided to set up a new company in Zurich to coordinate sales of Oakley products to the sporting goods trade all over the continent, except in the UK. Sales of Oakley products to opticians will be handled by Luxottica’s own sales network. ...
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Freddy Opens Its Biggest Store
Freddy, the leading Italian brand of fitness and dancewear, will open its biggest store in London’s Covent Garden next March. Measuring about 300 square meters, it will take two of the three floors of a building in the district. The third floor will house an office and a showroom for ...
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Munich Wins Against Umbro, Launches Custom-made Shoes
This Spanish brand of sports and lifestyle footwear, well known for its stylish sneakers and its shoes for footsal (indoor soccer) and handball, continues to produce about 150,000 pairs annually at its factory near Barcelona, while sourcing more than 500,000 pairs in Morocco, Tunisia and China. This asset allows the ...
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Vendors Are Urged To Save The Summer Ispo, One Week Later With Less Fashion
Present and former ISPO exhibitors have received a letter, signed by important personalities, asking them to support Messe München’s plans to stage the Summer edition of the fair based on its former sports-specific concept. Taking its cues from a recent meeting of ISPO’s advisory board, the letter says the dates ...
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Many Seasoned Executives Become Consultants
The process is well-known in any business, but it has taken on major proportions in the sporting goods sector in the last few weeks, in preparation for the usual networking at a mammoth ISPO show. Women first: After 18 years of work for several major sports brands, Chrissy Dorn has ...
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Sporting Goods Industry Stocks Rise By 16.9% In Dollars
The weakness of the U.S. dollar, new phenomena like Under Armour and Lululemon and the fast-paced development of Chinese companies all aided the sporting goods industry to record a 16.9 percent increase in their combined stock market capitalization in 2007. However, in local currencies, European sporting goods firms registered an ...
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Positive Christmas For Jd Group
The John David Group said today that it expects better earnings than those estimated by market analysts for the financial year ending next Feb. 2, thanks to a positive development of the Christmas selling season. The British sporting goods retailer has been performing better than its main rivals, which are ...
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Nike's Takeover Of Umbro A Go As Sdi Sells Its Stake
Nike’s takeover of Umbro International should go ahead unimpeded later this month. Sports Direct International (SDI), which acquired 29.9 percent of Umbro as a means to influence the deal, has sold a stake of 19.9 percent to Nike and given an irrevocable undertaking to vote in favor of the takeover ...
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Garant Comes Out Of Insolvency
Garant Schuh + Mode has come out of the biggest insolvency in German history since a new law governing this kind of case was enacted in 1999. The insolvency court in Düsseldorf decided that the international German-based buying group is now viable enough to stand on its own feet, thanks ...
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Norwin Acquires Lundhags
Lundhags is a rather special family-owned Swedish company that has gone through several stages of development. After establishing a strong reputation for itself as a supplier of sturdy outdoor boots, it began marketing some special long-distance ice skates – a sort of clap-skates that the company calls Nordic skates – ...
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Rottefella’S Ceo Switches To Swix
Ulf Bjerknes, a 49-year-old manager who has done wonderful things as chief executive of Rottefella in the last four years, is going to replace the departing Randy Setershagen as chief executive of another Norwegian company, Swix, before the end of June. Described as the world’s leading supplier of ski ...
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Cortina Acquires Patrick Holding
The Belgian-based Cortina Group, one of the biggest European trading companies in the footwear business, has acquired full ownership of Patrick Holding from a Danish investor who had already sold it 50 percent of the shares last June. It has also taken over full ownership of Leomil Europe, a Dutch ...
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Rucanor Makes Nos Deal With Dunlop Slazenger
Rucanor, the Dutch sports company, has obtained an agreement to distribute never-out-of-stock (NOS) ranges of products by Dunlop Slazenger to customers in the Netherlands and Germany. The deal was attributed to Rucanor because in 2006 it launched a remarked-upon NOS concept for its own customers around Europe. Dunlop Slazenger’s ...
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Operalp Will Distribute Speedo In Italy
Speedo has completed the process of farming out the distribution in all the markets outside the UK. Following similar moves in France, Germany, the Scandinavian countries and Australia, where it previous controlled the distribution, it has appointed a strong wholesaler, Oberalp, as its exclusive distributor in Italy, effective with last ...
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Vf Sees Faster Growth Ahead
VF Corp. is raising its forecast for annual sales growth from a previously set rate of 6-8 percent. It is now looking at a compound annual growth rate of 8-10 percent over the next five years, making it reach $11 billion in revenues from the current level of $7 billion. ...
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Sherborne Secures Control Of Nautilus
Sherborne Investors, the equity firm that has been challenging Nautilus’ performance and strategies, has practically won a fight for control of the company’s board of directors. A recent shareholders’ meeting voted to elect four representatives of Sherborne to the board, joining three other members including Bob Falcone, who remains for ...
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Ashworth Sees Some Respite In The Quarter, Not In Full Year
Ashworth has reported better earnings, margins and net loss in its fourth quarter, ended Oct. 31, 2007, although its full-year results are still off. The company’s net loss for the quarter fell to $3.5 million from $4.4 million in the same period a year ago, on an 8.9 percent rise ...
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Ispo Ready To Award Newly Emerging Innovators At Winter Fair
The upcoming ISPO winter show received a record number of applicants for its BrandNew Awards, up 13 percent to 261 entries from 231 last year. Of those, eight winners and 31 finalists were selected by the 19-member jury, which also took into consideration a consumer vote organized online beforehand. The ...
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Ashley May Let Nike Have Umbro
A few weeks before the shareholders meeting that will decide on its bid of £285 million (€396.0m-$567.9m) for Umbro, Nike has started to hold talks with some of the football brand’s weightiest shareholders – including Mike Ashley, the owner of Sports Direct International (SDI), which acquired 29.9 percent of Umbro ...
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Good Quarter For Nike, Especially In Europe
The company had much to cheer about as its earnings for the 2nd quarter ended on Nov. 30 rose by 14 percent to $4.3 billion, with substantial growth in all regions, although currency movements contributed 4 percentage points of the increase. European sales jumped by 18 percent to $1.2 billion, ...
