Latest Headlines – Page 453
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German Running Retail Specialist Sets Up Its Own Production In Europe
The brothers Ulf and Lars Lunge, who run four specialized running stores in Hamburg and two in Berlin under their family name, are launching the production of their own footwear line at a factory in Germany. They had already tried to market shoes made in Far East under their own ...
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Accell Fitness Gains Market Shares, Takes Over Distribution Here And There
This new division of Accell Group, which generated revenues of €32 million in 2005, is fairly certain to qualify as the second-largest supplier of home fitness equipment in Europe this year after Kettler, as its growth rate being posted for the full 12-month period will be higher than the 30 ...
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Oakley Adds New Styles And Makes Higher Profits
Oakley has opened its first German store, located in the Europa-Passage shopping center of Hamburg and measuring 120 square meters. Oakley's 6-year-old German subsidiary at Ismaning near Munich, which is also responsible for Austria and Poland, is also taking over the distribution in Switzerland from Sevysa Sport. A new Swiss ...
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Timberland’S Profits Get Booted
In the 3rd quarter, net income dropped by 25.0 percent to $69,152,000, on revenues that slid by 0.6 percent to $502,980,000. Revenues would have fallen further – by about 4.5 percent – without the company’s acquisition of Smartwool earlier this year and positive effects from foreign currencies. Sales outside of ...
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Crocs Acquires Exo Italia
The fast-growing American footwear company has bought EXO Italia, a firm based in Padua that specializes since 1993 in the design and production of products based on Ethylene Vinyl Acetate (EVA), primarily for the footwear industry. It’s Crocs’ first acquisition of a manufacturing facility in Europe, and the company has ...
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Adidas Will Consolidate Nordic And Central European Operations
In its ongoing effort to tighten up European operations, Adidas plans to integrate the logistics for all the Nordic and Baltic countries into its Central European structure. These 8 countries belong to Area Nordic, run from Stockholm by Patrik Nilsson since three years ago, with a single warehouse in Norköping, ...
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Mike Ashley Gobbles Up 29.4% Of...
Mike Ashley, the secretive British billionaire whose Sports World/Sports Soccer chain became the UK’s largest sporting goods retailer even before some minor acquisitions in the British retail landscape earlier this year, revealed last week that it has become Blacks Leisure Group’s largest single shareholder. Blacks is the country’s largest outdoor ...
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Tecnica Group Buys Blizzard
Acting through its 100 percent owned Nordica subsidiary, Italy’s Tecnica Group has acquired a 66.66 percent stake in Blizzard, one of the best-known Austrian ski suppliers, from the Raffeisen Bank. The balance of the shares will be held by Karl Hofstatter, who remains as chief executive of the Austrian ski ...
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Elan Partners With Dalbello In The Usa
The Slovenian ski company has extended its partnership with Dalbello, the Italian ski boot maker, to cover the United States from the beginning of next year, forming a joint venture that would like to become the largest joint supplier of boots and skis in the American market.The two companies are ...
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Salomon’S Delivery Problems Push Down Amer’S Results
The integration of Salomon is hitting some snags and Wilson’s golf business is not yet out of the woods, but Amer Sports’s management is confident that these businesses will eventually comply with the group’s standards, which call for a 10 percent operating margin and annual sales growth of at least ...
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Mcgregor Golf Buys Greg Norman
Adidas has sold the Greg Norman Collection (GNC), the golf apparel operation that came with its recent acquisition of Reebok International, to MacGregor Golf, the golf equipment company. Adidas, which said that GNC wasn’t fitting into its overall golf scheme, will hold on to the Greg Norman Collection retail chain, ...
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Vf Corp. Will Pass The $7 Billion Mark
The revenues of VF Corporation’s Outdoor Coalition climbed by 25 percent to $659 million in the 3rd quarter, ended Sept. 30, with the Vans, Napariji, The North Face and Eastpak brands all increasing by more than 20 percent. The segment’s operating income was up by 25 percent, too. Revenues outside ...
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Bread & Butter Shutters Berlin Edition
The Berlin edition of Bread & Butter scheduled for next Jan. 26-28 has been cancelled due to a lack of sufficient registrants for the show, which has become more and more national in scope since the recent launch of B&B Barcelona. Karl Heinz-Müller, president and founder of B&B, said that ...
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Jjb Sports Gets More Technical Than Jd, Loses Price-fixing Case In Court
JJB Sports is projecting a more technical image in the difficult British market by selling more sports equipment than its main competitors and by teaming up with big brands like Adidas and Nike or with promising new ones such as Under Armour in offering their more technical performance products. ...
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Top French Court Reverses Ruling On Adidas’ Sale To Louis-dreyfus
In yet another spectacular twist, the court saga around the controversial sale of Adidas to Robert Louis-Dreyfus back in February 1993 continues to hold French lawyers, politicians and tax-payers spellbound. Last year a Paris Appeal Court had awarded unprecedented damages of €135 million to Bernard Tapie, previous owner of Adidas, ...
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Reshuffle At Adidas Sees New Faces In Athens, Madrid And Football
A senior executive reshuffle at Adidas will alter the brand’s leadership in Spain and Greece as well as in football. Jimmy Weigl, the company’s international football manager, will move to Madrid from the beginning of next year to become managing director of Adidas Iberia, supervising the brand’s business in Spain ...
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Tennis Bodies Agree To Larger Logos
Before the opening of a court case scheduled for next month, the International Tennis Federation (ITF) and the organizers of all Grand Slam tournaments have come to an agreement with Adidas about the use of the brand’s three stripes on the garments of their endorsees at international tournaments. Adidas ...
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Nike Makes New Appointments
Mark Duggan has been named chief executive of Nike Bauer Hockey, replacing Chris Zimmerman. The latter has agreed to become president and chief executive of another company, Orca Bay Sports & Entertainment, which owns the U.S. National Hockey League’s Vancouver Canucks. Elsewhere within the Nike group, Larry Miller ...
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Fila Gives More Authority To Di Martino After Brilliant Results In Europe
Stefano Di Martino, a former running champion who joined Fila one year ago as president and chief executive for Europe, the Middle East and Africa, sees his responsibilities extended to include marketing and product management on a global basis from Nov. 1. The nomination follows an excellent score in Europe, ...
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Hans Fassnacht Will Steer Arena’S International Expansion
The legendary Hans Fassnacht has agreed to supervise Arena’s efforts to broaden its geographical expansion by acting as the company’s new general international business manager, reporting directly to Cristiano Portas, president and chief executive based in Italy. The 56-year-old former swimming champion has acted since 1992 as vice president of ...
