Latest Headlines – Page 433
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Exel Reduces Sports Losses
While noting a slight recovery in the German Nordic Walking market, the Finnish group says it has decided to place all its sports-related production activities into its profitable industry division, a move which, we believe, could facilitate a possible strategic alliance or an outright sale for its struggling sports division. ...
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A Different Equity Fund Owns Bushnell
As we reported last November, Wind Point Partners, the American investment fund that helped Joe Messmer to take over Bushnell in 1999, accompanying its steady expansion since then through organic growth and acquisitions, has been looking for new investors to take over its controlling stake in the company, now called ...
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Oakley Reports On A New Sales Momentum
The Oakley brand seems to gaining a new momentum while Luxottica is completing the procedures for its takeover along with the rest of its company. As a whole, the Oakley group raised its sales by 29 percent to $263 million in the second quarter ended June 30, with 6 percentage ...
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Vf Forms A New Lifestyle Coalition, After Buying Lucy And Seven For All Mankind
Called VF Contemporary Brands, this new “coalition” of VF Corp. will be headed up by Mike Egeck, who previously ran The North Face and VF’s Outdoor Coalition in the USA and the rest of the Americas. He left the group last year to become chief executive of Seven for all ...
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Johnson Issues Its First Dividend
Johnson Outdoors has decided to issue the first dividend in its history as a public company as its net earnings rose to $8,268,000 from $6,563,000 in the same period a year ago in spite of certain extra charges for the 3rd quarter ended June 29. Good growth in scuba ...
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New Top Executives For Helly Hansen
The new owners of Helly Hansen have appointed two high-caliber executives to its top management. Peter Sjölander, who comes to the Norwegian company after many years spent at Nike and Electrolux, takes the post of chief executive previously held by Jan Valdmaa, who left the company recently. He will work ...
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Columbia Doubles Profit, Centralizes European Product Development
Columbia Sportswear saw its net earnings jump by 108 percent to $10.0 million in the second quarter in spite of an increase of only 3.3 percent in total revenues to $218.6 million. The gross margin increased to 41.4 percent from 38.5 percent in the same period a year ago because ...
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The European Outdoor Market Grows By 2.6%, But Will Its Summer Fair Move To Munich?
Debates about the location of the European OutDoor trade exhibition were at the center of many conversations at the lively and highly productive event that took place in Friedrichshafen on July 19-22. Members of the European Outdoor Group (EOG) discussed the issue at a meeting during the show, but they ...
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Ispo Russia Is Suspended From Next Year
While looking at another more distant continent for a possible trade show, the management of Messe München has decided to put ISPO Russia on hold after its next session in Moscow on Sept. 6-8. For the future, its partner in the fair, Moscow’s Sport Communication Group, is now considering a ...
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Ashley Adds Field & Trek To His Stables
After its offer for Everlast at the end of last month, Sports Direct International, the British sports retail and wholesale conglomerate, has taken over 60 percent of Field & Trek, an important chain of 11 outdoor stores in the UK. Chiefly operating in the South-East of England, Field & Trek ...
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Ppr Group Now Owns More Than 60 Percent Of Puma
PPR Group announced on Tuesday that its stake in Puma has grown to 62.1 percent, in response to the second tender offer launched through an investment arm, Sapardis. The announcement comes three months after PPR initially bought a 27.1 percent stake in the German athletic company at an agreed price ...
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Proventus Takes Over J. Lindeberg
Proventus, the Swedish investment company, has teamed up with Stefan Engström, founder and chairman of Peak Performance, to take over J. Lindeberg, a classy Swedish brand of fashionable apparel that has developed some interesting golf and ski apparel ranges. Proventus has acquired a majority stake in the company through a ...
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Go Sport’S Top Two People Step Down
Jean-Paul Giraud, executive chairman of Groupe Go Sport, and Jean-Louis Raynard, the more recently appointed general manager of the French sporting goods retailing group, were led to give up their functions at a board meeting last week. The controlling shareholder, Rallye, has appointed a new general manager, François Neukirch, to ...
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Intersport Buys Out Dissidents In Stockholm
Intersport Sverige has bought eight stores in Stockholm that were being run under the GO banner by three big former retail members. They had pulled out of the Swedish retail organization at the end of 2005 to form their own common retail platform, working more closely with the brand and ...
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Intersport Disinvests From Retailing In Spain
The shareholders of Intersport Retail, a company set up three years ago to start up and manage a certain number of large Intersport stores of up to 2,000 square meters at key locations throughout Spain, have decided in principle to sell the existing business, consisting of four large stores with ...
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Turkey’S Boyner Launches Stand-alone Sports Shops
Boyner, a Turkish chain of department stores that is regarded as the country’s leading sports account with sales of about €35 million, is set to launch a dedicated sporting goods banner under the name of Boyner Sports. The first store will be opened in August with a surface of ...
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The Latest From The German Buying Groups
Both of Germany’s largest buying groups ended the half-year with only a small decline in their turnover, as a disastrous business with winter sports products was offset by expanding sales in nearly all other categories, thanks in part to extremely mild weather between the months of February and May. Winter ...
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The New Secretary General Of Wfsgi Comes From Intersport
Effective Sept. 15, Robbert de Kock will be the new secretary general of the World Federation of the Sporting Goods Industry (WFSGI) at its new head office in Lausanne. He will replace the 67-year-old André Gorgemans, who retires after 17 years of very successful work with WFSGI. Gorgemans will continue ...
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Peter Mahrer Joins Under Armour
Under Armour, one of the hottest new brands on the market, has officially announced the appointment of a seasoned industry executive whom we know very well, Peter Mahrer, as president and managing director of Under Armour Europe. He has already started in the post, based at the company’s European office ...
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Mega-mergers In The Latin American Market
Reebok’s licensee for Brazil and Argentina, Vulcabras, signed a definitive agreement last week to take control of Calçados Azaleia, a large Brazilian footwear that owns Olympikus, the country’s biggest brand of athletic footwear. The acquisition turns Vulcabras into the largest shoe company in Latin America, but possibly only for a ...
