Latest Headlines – Page 454
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L-fashion Reorganizes International Sales Operations
International sales management functions have been reshuffled within the Finnish L-Fashion Group to sustain the growth in the revenues of its sports division, which are expected to reach €70 million next year, up from €52 million in 2005 and €60 million in 2006. Total revenues have been rather stable in ...
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Johnson Outdoors Buys A Scottish Paddle Company
Johnson Outdoors has purchased Lendal Paddles from its owners and founders, Alistair and Marianne Wilson. Details on the size of the company and on the transaction were not released, but Johnson says the acquisition will boost its earnings in the 2007-08 fiscal year, after one-time integration costs in the current ...
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Accell Group Utilizes Synergies From Sbs Acquisition
Last year Accell Group’s bike sales in the USA were almost non-existent, but the Dutch-based group is using synergies in the States and in Europe from last February’s acquisition of Seattle Bike Supply, an American company that has an annual turnover of about $36 million. Two of the group’s brands, ...
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Adidas’ Biggest Store In The World Is About To Open In Paris
France may not have been able to win the World Cup for Adidas, but the Three Stripes will continue their parade as the French champion in terms of market share in sports footwear and apparel – 14 percent as compared to Nike’s 11.5 percent according to the latest estimates - ...
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Football And New Markets Boost Lotto
A recovery of its sales on the Italian market, the World Cup of football and continued expansion into new markets helped drive Lotto’s sales up by 12.6 percent to €132.5 million in the 1st half, ended June 30. The company’s sales in Italy, which had been previously flat at best, ...
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Founders Gain More Control In Icon, Whose Losses Decline
The founders of Icon Health & Fitness’ parent company, HF Investment Holdings LLC, have reclaimed their stake in the company, buying up most of the shares held by Bain Capital and Inverness/Phoenix Partners LP. The buyers - Scott R. Watterson, Wen-Chung Ko, Gary E. Stevenson and a company affiliated with ...
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Lafuma Reports Positive Results
Thanks to the contribution from Oxbow, a brand that is being “rapidly” integrated into the group, Lafuma’s overall turnover for the group’s 2006 fiscal year ended Sept. 30 was up by 20.9 percent to €243.0 million. Excluding Oxbow, whose sales were consolidated for only four months in the previous financial ...
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Quiksilver Has Ambitious Goals
Quiksilver set out ambitious sales and profit goals for its various brands at a conference organized by Piper Jaffray/ICR in London last week. Partly in line with the planned expansion, the group has started the construction work to double to 14,000 square meters the office space at its European headquarters ...
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More Than Two-thirds Of The European Surf Market Is In France
The French province of Aquitaine was responsible for €1.1 billion of the €1.48 billion European surf market in 2004-05, according to figures compiled by the Boardsport Local Productive System, a Bayonne-based organization that promotes boardsports, which presented them at EuroSIMA’s annual Surf Summit last month. The size of the ...
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Eu Approves Two Years Of Duties, But New Inquiry Will Likely Stretch Them
Customs authorities throughout the European Union have started to charge anti-dumping duties of 10 percent on shoes with leather uppers coming in from Vietnam and 16.5 percent on those imported from China for a period of two years, following a widely expected decision by the European Council of Ministers. Political ...
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Growing Wolverine Expects $4-5m Extra Costs In 2007 From Duties
Wolverine World Wide has raised its earnings guidance for the current year to the equivalent of $84.8-86.6 million on revenues of $1,120-1,140 millio, while factoring in the impact of the European anti-dumping duties. The management says the provisional duties already shaved 2 cents off its earnings per share in the ...
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While Expanding Outside The Usa, Crocs Buys Jibbitz And Fights Against Knock-offs But Some Competitors Deny Charges
With an investment of $10 million, Crocs has bought Jibbitz, the company that accessorizes Crocs’ shoes with snap-on buttons for decoration. The Schmelzer family, which owned this American supplier of footwear accessories, will receive up to an additional $10 million if it meets certain profitability goals. Crocs will recommend Jibbitz ...
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Decathlon Pulls Out Of The Usa
The world’s second-largest sporting goods retailer has decided to pull the plug on its long-drawn experiment in the highly competitive U.S. market, due to a series of problems. Back in August, Décathlon was still prepared to make a major investment there by building a 79,000-square-foot superstore in East Woburn, Massachusetts, ...
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The 67 Global Retail Leaders Grew By 11.3% In 2005
The world’s 67 largest sporting goods specialty chains continued to show double-digit growth in 2005, with their sales rising by 11.3 percent in local currencies and by 10.4 percent in U.S. dollars. The growth rate did not quite match the 12.1 percent rate in local currencies recorded in 2004, but ...
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John David Group Makes Good Progress
The John David Group continues to make encouraging progress in the UK market, judging from the interim figures released last week for the 1st half of 2006 ended July 29, which show a 12 percent increase in total revenues to £235.9 million (€349.0m-$444.6m), as compared to the same period a ...
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Deuter Is Sold To Another Bavarian Family Enterprise
Schwanhäusser Industrie Holding, a family-owned enterprise founded in 1865 in the Nuremberg area, has acquired Germany’s market leader in backpacks, Deuter Sport, which is located not far away in the area of Augsburg. The best known property of Schwanhäusser is its brand of pencils, Schwan-Stabilo. The group’s sales in the ...
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Sergio Tacchini Looks For A New Owner
Denying Italian press reports, Johan Eliasch, chairman and chief executive of Head, says he is not interested in taking over Sergio Tacchini, either on a personal basis or through Head. Indicating that Sergio Tacchini’s advisors have already received at least one unspecified takeover offer or expression of interest for the ...
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Airesis Changes Managements And Holds On To Boards & More
Instead of selling Boards & More, as they had previously tried to do, the company’s shareholders have decided to split it into three business units, each responsible for some of the brand in its portfolio and each one headed up by a chief executive. The idea is to emphasize the ...
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Refinanced, Le Coq Steers A New Course
Placed under new ownership and new management, Le Coq Sportif has overhauled its strategy, moving away from head-on competition with the sporting goods behemoths, concentrating on tennis and rugby and giving the French brand an alternative lifestyle touch. For this year Airesis, the Swiss holding company that took ...
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Saucony’S New Owners Make New Investment In Europe
Stride Rite Corporation has begun building a new European headquarters in Heerhugowaard, the Netherlands, just down the road from the current location of Saucony Sports. The new building, which will begin operating in September 2007 and employ about 28 people, will initially handle the logistics and sales for all of ...
