Latest Headlines – Page 202
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Authentic Brands Group buys Volcom
Following Kering's separation from Puma and Stella McCartney, the French group led by François-Henri Pinault has now also sold Volcom, completing the disposal of all its sports and lifestyle brands. Kering, which had already indicated its intentional to divest the Californian surf, skate and snowboard label a year ago, has ...
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Former Prince chief runs a new start-up: Slinger Bag
Slinger Bag is a rather revolutionary, patented product that is expected to help stimulate the largely static level of participation in tennis around the world. It is described as “your 24/7 tennis partner” and as the most versatile portable launcher of tennis balls in the market, allowing individuals to practice ...
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Change of the guard for speedy Black Crows
Christophe Villemin, chairman of Black Crows, is taking over as chief executive of the 13-year-old French ski company from Eric Bascle, the former executive of Lacoste who achieved a sixfold increase in its turnover over the past four years. Villemin, a 52-year-old businessman who has been active also in aerospace ...
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Wintersteiger continues to grow
For the first time in its 65-year history, the Wintersteiger Group generated sales of more than €160 million, posting a currency-adjusted increase of nearly 6 percent. The operating profit (Ebit) increased by 10 percent to €8.7 million.The strongest growth of 10 percent was recorded in the ski maintenance division, which ...
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Under Armour opens new EMEA office
While covering other sports categories, Under Armour has chosen to focus on training and running to build up its brand image in Europe, said Massimo Baratto, senior vice president in charge of Europe, Middle East and Asia (EMEA), during the official opening of a brand-new headquarters in Amsterdam early last ...
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Adidas teams up with Beyoncé
Beyoncé, the popular American singer, dancer and actress, is going to become a “creative partner” of Adidas, helping to design apparel and footwear products that will eventually be co-branded. Adidas will also help relaunch her Ivy Park brand. Adidas has benefited a lot from similar deals with other musical actors ...
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The European fitness boom continues
The European health and fitness market continued to grow strongly in 2018, according to an annual study conducted by EuropeActive, the European association that represents the sector in Brussels, in cooperation with Deloitte. The total number of fitness club members increased by 3.5 percent to 62.2 million. Throughout Europe, 9.4 ...
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Lululemon’s shares surge on strong results, liften by international
The stock market value of Lululemon Athletica went up by more than 11 percent after the verticalized Canadian-based retailer saw its profits for its fourth fiscal quarter almost double from the year-earlier period.For the three months ended Feb. 3, 2019, net income jumped by 82.4 percent to $218.5 million. The gross ...
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A stellar performance by Li Ning
Coming after the release of very positive sales figures by Anta Sports Products and other Chinese sports companies, in addition to continued positive figures for the Chinese operations of Adidas and Nike, the results of Li Ning seem to contradict speculation that the growth of the Chinese sporting goods market ...
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Manufacturing challenges impact Yue Yuen’s results
Yue Yuen Industrial said that its manufacturing business continues to face a number of uncertainties, including intense competition and the changing demands of its clients, such as the shortening of lead times and increased seasonality.Revenues from manufacturing activities declined by 1.5 percent to $5,390 million in 2018 for the world's ...
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Fashion athletic products boost Stella’s results
Stella International's revenues decreased by 0.7 percent in 2018 to $1,588.6 million. The volume of its shoe deliveries from its manufacturing facilities rose by 6.4 percent, with 60.2 million pairs shipped by the Chinese company during the period, but average selling prices went down by 3.5 percent to $25.80 per ...
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Pittards seeks to diversify
Pittards, a major U.K.-based supplier of leather to the sporting goods industry, had a mixed year in 2018, with revenues falling by 5.9 percent from 2017 to 28.5 million pounds sterling (€33.1m-$37.2m). The management said it faced a difficult environment, including a globally subdued economic climate, with overall weaker demand ...
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Primaloft announces the circularity of its Primaloft Bio fibers
Primaloft has announced that its biodegradable fiber, Primaloft Bio, is chemically renewable. According to the company, this makes Primaloft Bio the first 100 percent recycled, biodegradable synthetic insulation and fabric fiber proven to be renewable for use in a circular economy. Third-party testing has shown that the fibers can be ...
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New product and staff at improving Polygiene
Polygiene, the Swedish odor-control brand, launched Odor Crunch at this year's Ispo show in Munich. The new technology is primarily an add-on to Polygiene's Stay Fresh odor control, which was launched 12 years ago to reduce bacterial growth and the need for frequent washes, thus contributing to lower environmental impacts by saving water and ...
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A new European project to recycle coated materials
The EU-funded Decoat initiative has formally begun to work. The initiative, which is led by Centexbel, a Belgian R&D center, addresses the issue of textiles and plastic materials with multilayer coatings – typically with functional and performance features – that are currently not recyclable. The project held its inaugural meeting ...
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Spain’s growing online landscape may be changing
Online sales have generally been on the rise in Spain, more than in some other big European countries. They accelerated in the first quarter of 2018 to a growth of 33 percent, the highest in five years, according to Spain's National Commission on Markets and Competition (CNMC), reaching a level ...
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Spain’s Deporvillage and Tradeinn rank high in growth
Anyhow, a couple of Spanish pure players in the sporting goods sector – Deporvillage and Tradeinn – have been growing briskly and become more international. Both of them this year made the “FT 1000: Europe's Fastest Growing Companies,” the Financial Times' annual ranking of the top 1,000 companies in Europe ...
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Deporvillage grows fastest
Deporvillage, a retailer that conducts all of its sales online, came in the 378th place in FT's index, with three-year absolute revenue growth of 431 percent. In 2017 the company posted revenues of €34.5 million and employed 75 persons.The company's more recent numbers were equally promising. In December, before the ...
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Tradeinn is bigger
Founded in 1997, Tradeinn is more than a decade older than Deporvillage and bigger, with sales that were expected to go up by 17 percent to €140 million in 2018. Tradeinn made its debut this year on the FT 1000 at number 539 with absolute revenue growth of 324 percent ...
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Polartec is in good shape ahead of its sale
While confirming reports that their company is up for sale, officials of Polartec feel confident that it has the right products for the market, following a series of strategic moves taken in the past few years, as shown in part by the awards that it has recently won. The new ...
