Latest Headlines – Page 468
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Polo Ralph Lauren has landed a deal that will prominently...
Polo Ralph Lauren has landed a deal that will prominently place the brand throughout the duration of two of Wimbledon’s four grand slam Events. The 5-year contract makes Polo the event’s first official clothing outfitter. There will be a Polo Ralph Lauren Wimbledon Collection sold at select retail locations as ...
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Wilson is reportedly enticing Roger Federer, a top-ranked American tennis...
Wilson is reportedly enticing Roger Federer, a top-ranked American tennis player, with a $2 million annual endorsement deal that would essentially make him a lifelong spokesperson for the brand. Federer currently collects about $4 million, which includes incentives, from his deal with Nike, which clothes him and puts shoes on ...
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New Investors For Arena
BS Investimenti and the management of Arena Distribution are paying just over €60 million for the company before assumption of debt of about €5 million, or between 6.5 and 7 times the company’s estimated operating profit before amortization and depreciation (EBITDA) of €9 million for 2005 on consolidated sales of ...
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Vaude Acquires Edelrid
VauDe is expanding its outdoor sporting goods portfolio with the acquisition of Edelrid, a well-established manufacturer of cordage and other safety equipment for mountain sports, the technical industry and other operational uses. Like VauDe, Edelrid, which stands for Edelmann + Ridder, is a family-owned company based in Southern Germany. Both ...
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Nike Launches A Patent War Against Adidas And Others
After claiming superiority over Adidas in football, Nike is upstaging its bitter rival with a widely publicized patent infringement suit. The Swoosh’s new legal challenge charges that the Big a has violated the ‘796 patent for “footwear with lateral stabilizing sole” issued in the USA on Dec. 3, 2002 to ...
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Hi-tec Reorganizes Brand And Sales Management
In line with many other international companies, Hi-Tec is centralizing its European operations to cut costs down and to cover the market more efficiently. Most of the company’s European subsidiaries will be transformed into sales offices, while European sales and marketing will be supervised from Hi-Tec’s head office in Southend-on-Sea, ...
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Vf Develops Strongly In Europe
VF Corp. has disclosed last week that the European sales of its Outdoor Coalition jumped by 38 percent in dollars to $526.8 million, and this was not only due to acquisitions. For example The North Face, the most important brand within the Coalition, raised its European sales by 20 percent ...
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Head Reports Lower Sales But Higher Profits
The company continues to make several restructuring changes, including a shift in the sourcing of tennis racquets from Europe to China and moving the company’s Italian ski boot production to the Czech Republic. For the year ended last Dec. 31, Head reported a net income of $7,994,000, marking a ...
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Accell Outsources And Improves Results
Manufacturing shifts are taking place to improve efficiency in the bicycle and fitness equipment segments at Accell Group. Throughout 2006, much of Tunturi’s bicycle production is being moved from Finland to the group’s already established facilities in Hungary. Fitness equipment manufacturing, which was mainly done at the same Finnish site, ...
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Billabong’S Margins Grow
Operating margins before interest, taxes, depreciation and amortization (EBITDA) had healthy growth in Europe for Billabong in its 1st half ended Dec. 31, going up to 20.4 percent of total sales in the region from 17.8 percent in the same period of a year ago. The company’s EBITDA in Europe ...
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Europe And At-once Orders Save K-swiss In Quarter
K-Swiss’ results for the 4th quarter of 2005 show a huge difference between its falling U.S. sales and its soaring sales in other parts of the world including Europe, where they jumped by 74 percent. Total sales grew by 4.5 percent to $92,289,000 during the quarter, which ended on Dec. ...
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Timberland Sees Modest Growth, Has Concern For Boots
The boot business, especially in the USA, is a major concern for Timberland’s management. This sector is the most profitable aspect of the company but has been under continued pressure, and Timberland doesn’t anticipate it to get better in 2006. Also struggling is the women’s casual footwear segment in the ...
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Russell’S Results Benefit From Brooks
Russell Corporation’s net income for the 4th quarter ended on Dec. 31 rose by 15 percent to $11,825,000, in spite of a 21.6 percent decline in operating income, while revenues increased by 6 percent to $354,631,000. Boosted by Brooks Sports, which contributed revenues of $27 million in the quarter, sales ...
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Crocs Goes Public Successfully
Crocs Footwear, noted for its special plastic clogs, is being offered worldwide for distribution through regular shoe shops and through the sporting goods stores, aiming for a 50/50 mix between the two retail channels. Crocs began to trade on the NASDAQ exchange at an opening price of $30, ...
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Eu Commissioner Proposes Rising Anti-dumping Measures, Exempting Some Athletic And Children’S Shoes
European shoe manufacturers, importers and retailers have expressed disappointment at European Trade Commissioner Peter Mandelson’s proposal to impose “progressive” provisional anti-dumping duties on certain kinds of leather shoes previously covered by import quotas against China. Last Thursday, Mandelson said he was recommending initial provisional duties of 4.8 percent on Chinese ...
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Go Sport Wins Market Shares
The French sporting goods retail group remained in the red last year, but the results improved in the 2nd half and sales and market shares shot up thanks to the new strategies implemented by its new chairman and chief executive, Jean-Paul Giraud. The group’s turnover rose by 11.5 percent to ...
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Ashley Acquires Gilesports
The ownership situation remains unsettled in the highly competitive British sporting goods retailing sector. JJB Sports’ stock market price went up a few days ago in the midst of a rumor that the UK’s largest sporting goods retailer may be acquired by a private equity company, said to be Permira, ...
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Nike Expects $1.5 Billion In Football
Nike’s sales of football products are “approaching” an annual level of $1.5 billion, or double the level of four years ago, said Charlie Denson, the former Nike Europe chief who recently became sole president of the Nike brand. Other company officials subsequently emphasized that this figure, given by Nike for ...
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Adidas Will Keep Reebok As A Performance Brand
The Adidas and Reebok brands will be treated like two brothers who compete against each other, retaining a similar position in the market while specializing in different sports, said Robert Langstaff, freshly minted president of Adidas America, at an industry forum animated by John Shanley during the WSA footwear show ...
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Puma Signs With Evisu And Tottenham, Scores Better Than Expected
While releasing better than expected results and upgrading its guidance for the current year, Puma has announced two important contracts. It has signed a sponsorship deal through 2011 with the Tottenham Hotspurs, currently ranked fourth in the English football league, and it has decided to launch a special Puma Denim ...
