Latest Headlines – Page 459
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Ande Changes Ownership And Hires Two Veterans
Two former top executives of La Sportiva, Fabrizio Vesco and Oscar Durbiano, have left to join Ande, the outdoor equipment and clothing company founded in 1978 by an Italian mountain climber, Aldo Anghileri, and by a partner who died a few years later. Ande, which has annual sales of about ...
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Puma Is Overjoyed By World Cup Victory
The football World Cup ended last Sunday turned into a marketing bonfire for Adidas and Puma, as the Italians snatched the trophy with a wildcat on their chests, beating the three-striped French squad in a penalty shoot-out watched by an estimated 1.2 billion TV viewers around the world. Nike was ...
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Peter Mahrer Exits Puma
The final whistle in Berlin also marked the exit of Peter Mahrer, head of global sales at Puma and member of its 6-strong executive committee, who decided to leave the company at the end of June for genuine personal reasons. A 47-year-old Swiss sports enthusiast, Mahrer has been in the ...
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World Cup Brings A Jolt To Umbro’S Sales For The First Half Of The Year
The World Cup gave a jolt to Umbro’s sales in the 1st half ended July 6, 2006. They increased by 41 percent – a rate similar to that reached by Puma on performance football products – and they reached £247 million on a wholesale-equivalent basis, including the wholesale turnover of ...
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Aggressive Business Plan For Cisalfa Under New Ownership
The leading Italian sporting goods retailer is again looking for small regional chains to integrate into its own network, after a relative pause on the takeover front. It is also planning to open between 15 and 20 new stores per year under its major banners - Cisalfa Sport and Longoni ...
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The European Market Grew By 1.3% In 2005, But It Did Better In Volume
Excellent snow conditions at the beginning of this year throughout Europe and the excitement around the World Cup of football boosted sales of many important categories of sporting goods in the stores during the 1st half of 2006. While advocating increased promotion of sports participation among the younger generations and ...
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Eu Is Working On Deferred Duties For Footwear, Drops Safety Shoe Case
Importers of hiking boots in the European Union can breathe a sigh of relief as the European Commission has finally decided to close the review of a complaint lodged one year ago by European manufacturers of safety footwear, charging dumping by competitors in China and India. On the other hand ...
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Rossignol Reduces Capacities, Following Largely In Salomon’S Footsteps
Rossignol Group will close down one of its two factories in France, which was making about 200,000 pairs of alpine skis a year, and subcontract the production of certain skis outside the group for the first time in the company’s history. After a test that began a few months ago, ...
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Ski Set Expands Its Buying And Rental Schemes Outside France
This big French franchise organization for ski rentals is speeding up its European expansion to have at least 150 affiliated stores outside France at the opening of the next ski season, compared with 70 foreign stores last year. Ski Set is already market leader in France with about 280 stores ...
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Exel’S Nordic Walking Woes Go On
Exel Oy has warned investors that its financial prospects for 2006 will fall short of forecasts due to weak sales of Nordic Walking products by the company in Central Europe. Total demand by these markets will be clearly lower than in previous years due to longer expected reduction in the ...
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Growth Softens For Aigle
The French outdoor brand reports a 4 percent sales increase to €58 million for the 1st half of 2006. This year’s growth is proving slower than in 2005, which saw Aigle’s annual sales increase by 7 percent to €130 million, or €200 million including sales under license. Sales remained flat ...
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Century-old New Balance Looks To Grow By 25 Percent In The Emea Region
As it turns 100 years old, New Balance seems to be tightening its grip on the European athletic and lifestyle footwear sector. The company has grown by 22 percent in the EMEA region (Europe, Middle East and Africa) so far this year. Its order book is up by 25 percent ...
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Yue Yuen Continues Positive Growth Despite Higher Costs
Concern over the European Commission’s anti-dumping duties have prompted Yue Yuen Industrial to expand its production in Indonesia. Shoes that are affected by the duties account for 6 percent of total sales for the Chinese footwear manufacturing giant, which has customers like Nike, Timberland, ASICS, New Balance and Puma. However, ...
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Will Compex’ New Owners Keep Its Sports Business?
Encore Medical Corp., a large and diversified American supplier of orthopaedic devices, acquired last February Compex Technologies Inc. (CTI), a U.S.-based company mainly composed of two business units. One of them is Rehabilicare, a medical-oriented company based in the USA in the electrotherapy and orthopaedic segments. The other is Compex ...
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Nike Delivers Nice Global Figures, But Feels The Pressure In Europe
With a net profit of $1,211.6 million for the financial year ended May 31, Nike delivered a 15 percent increase in the bottom line and a net margin of well over 10 percent on revenues, which grew by 9 percent to $14,954.9 million. The improvement came in spite of a ...
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Adidas Sings Victories In World Cup
While announcing an expansion of its long-standing partnership with the European football authority, UEFA, the Big a reported gains in market shares and new records in sales of football products in connection with the current FIFA World Cup ahead of the quarter finals later this week, where it will have ...
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Adidas Establishes New Rules In European Merchandising
After several months of preparations, Adidas has embarked on a round of talks with leading retailers to impose a more distinct presentation of its product ranges in European stores. Taking an unusually tough stance, the company warns that it will cut back or downgrade its offering to retailers who are ...
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New Appointments At Adidas
André Maestrini, a long-time marketing executive at Kraft Jacobs Suchard, Danone and Coca-Cola, will take over as general manager of Adidas France from Aug. 16. The position is currently filled by Roland Auschel, head of Adidas Europe, who stepped in temporarily after Antoine Saticq’s unexpected switch to Le Coq Sportif. ...
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Adidas Takes Over Reebok’S Distribution In China
Control of the distribution and licensing rights of Reebok in China have been secured by Adidas following termination of Reebok’s existing joint venture, distribution and licensing agreements with New Point Industrial Ltd. Adidas will effectively take over the distribution of the brand from next Jan. 1 onwards. Financial details of ...
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Quiksilver Partners With Sprandi In Russia
Sprandi is a major player in the Russian sports footwear and clothing market, with a strong presence throughout the country, although it operates in a lower price segment than Adidas or Quiksilver. Covering the running, football, tennis, fitness and lifestyle categories, it has 90 single-brand stores in Russia, and it ...
