Latest Headlines – Page 469
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Salomon And Wilson Golf Drag Down Amer’S Results, Offsetting Gains In Tennis And Fitness
Salomon recorded an operating loss of €16.7 million in the 4th quarter of 2005, due to a restructuring charge of €52.8 million related to its acquisition by Amer Sports last Oct. 1, and its sales were up by only 0.9 percent to €255.2 million for the period. For the full ...
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Elan Changes Ceo, Enters The Nordic Segment, Partners With M4
Matjaz Sarabon, who was previously heading Elan’s winter sports division, was appointed as chief executive of the entire group in December. He replaced in this role Tvez Tavcar, the managing director of the company’s marine division. Elan has entered a cross-distribution deal with Cold Sports, the American company that ...
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Growing Blizzard And Dalbello Get New Distributors In Russia
The two brands, which already have joint distribution in the USA and in the Scandinavian countries, have secured new distribution contracts in the fast-growing Russian ski market. Blizzard will be sold by Kant, and Dalbello by Performance Sports, starting with the Fall/Winter 2006/07 season. Kant and Performance Sports both ...
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Euromark Launches Alpinus And Other Outdoor Brands Internationally
Alpinus, the Polish brand of outdoor products, will be launched in several European countries from the United Kingdom to Russia in September. Euromark, the UK-controlled Polish company that bought the rights to the Alpinus trade name in various steps after its bankruptcy three years ago, is planning a wide relaunch, ...
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Fundango Enters New Markets
Fundango, the Hungarian outdoor clothing brand, has embarked on a series of distribution deals and store openings to pump up its international sales, which are beginning to make a solid contribution to a turnover expected to reach roughly €10 million this year. The brand belongs to Marosport, a leading Hungarian ...
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British Home Shopping Retailer De-emphasizes Sports
M&M Sports is dropping the “Sports” from its title, renaming itself as M&M Direct. With this move, the British home shopping retailer, which specializes in close-out products, plans to focus more on non-traditional sports products in the fashion, surf/lifestyle and outdoor sectors in the future. It will continue to work ...
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Ispo Breaks New Records
The Winter ISPO started and finished off strong last week, featuring a total of 1,806 exhibitors from 49 countries. The final count showed a 10 percent increase in the visitors’ passages through the turnstiles to more than 60,000, as compared to 54,433 for the already strong edition of one year ...
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Fedas, Eog, Rasie And Others Join Fesi
The sporting goods industry is uniting at the European level in the face of important challenges such as the threatened anti-dumping duties of certain types of Asian footwear, product safety and labelling issues and the adoption of the RFID technology for the optimization of the supply chain and for intellectual ...
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Swedish Vendors Want To Work With The Retailers
Following a pattern similar to the recent action taken in Norway, where sporting goods vendors and retailers have banded together to form a single umbrella organization (see SGI Europe #3 of Jan. 28), the 50-odd members of SPOFA, the Swedish sporting goods industry association, have invited the major Swedish chains ...
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Buying Groups Confirm The Positive Mood In Germany
Smiles returned to the faces of the German buying groups’ leading executives on the back of buoyant sales at the end last year and of an outstanding rise in January. Intersport Deutschland says its members’ sales jumped by roughly 20 percent during the first month of this year, and Sport ...
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Mike Ashley Helps Out Sport 2000 In Eastern Europe
Sport 2000 in Slovenia has increased the retail turnover by 25 percent on a same-store basis since Mike Ashley, the energetic owner of the British Sports World group, took over a majority share in the company last May. His partner, Stojan Sopotnik, who owns the remaining minority share and is ...
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Minority Shareholders Criticize Gresvig’S Acquisition Of Voice
An extraordinary general shareholder’s meeting of Gresvig has endorsed the board’s proposal to acquire and integrate Voice Norge, a large Norwegian chain of apparel shops, creating interesting synergies with the country’s largest sporting goods retailer (see SGI Europe #1 of Jan. 9), and maximizing profitability. The new group stemming from ...
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Macintosh Buys Scapino
A leading shoe retailing conglomerate is about to emerge in the Netherlands after the proposed acquisition of Scapino, the Dutch discount retailer, by the Macintosh Retail Group, which already runs the more upmarket Dolcis, Invito and Manfield stores in the Netherlands, along with a sports shoe banner called PRO Sport. ...
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Adidas Closes The Acquisition Of Reebok
The mega-merger between Adidas-Salomon and Reebok International was completed last week, creating a giant new counterpart to Nike, with annual sales of around €9.5 billion. While some observers are afraid that the two brands will cannibalize each other in certain market segments, most of them consider the transaction to be ...
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Accell Readies A Big Move In The Usa
Accell Group says it is in talks for the acquisition of Seattle Bike Supply, a leading U.S. supplier of bicycles, bike parts and accessories with a strong distribution network in the USA and Canada. It owns the world’s leading brand of BMX bikes, Redline, in addition to the Torker brand ...
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Lafuma Launches A Secondary Offering, Makes Another Purchase
The French outdoor group announced today a 24 percent equity increase through a 3-for-10 issue of 478,035 new shares that should bring in net proceedings of €24.8 million. The present shareholders will have time between Feb. 13 and Feb. 24 to exercise their rights of first refusal, but the family ...
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Rossignol Denies Dynastar’S Sale
There were strong rumors at the ISPO show earlier this month that Rossignol’s new owner, Quiksilver, is putting up for sale three secondary brands – Dynastar, Lange and Look – which have been working together as a separate division of the group. Tecnica Group or one of its shareholders was ...
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Fischer Looks For New Oem Clients
Fischer is going to manufacture skis for Nordica, compensating in part for the likely loss of its juicy OEM contract with Salomon, probably starting with its Fall/Winter 2007/08 lines of alpine and cross-country skis. The Austrian company is talking to other potential clients including Rossignol, which sells about 150,000 pairs ...
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Oakley Goes Multi-brand And Maps Out A New Product Strategy
Just before reporting some positive financial results, Oakley announced the acquisition of Oliver Peoples, a creative luxury sunglass company in Beverly Hills, describing the investment as the first step in a new multi-brand strategy focus on its core business in optics. It is part of a broader new long-term strategy ...
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Wolverine Breaks The $1 Billion Barrier
Merrell continued to drive the growth of the Wolverine World Wide group in the 4th quarter ended Dec. 31, posting an 18 percent sales increase for the period. Instead the so-called Heritage Group (Harley Davidson, Caterpillar) suffered a 2.1 percent decline due to lower revenues for these brands from Europe. ...
