Latest Headlines – Page 224
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Signa Sports Group appoints a CEO
Stephan Zoll, a former executive at eBay, has been appointed as chief executive of the recently formed Signa Sports Group, which has become a leading specialist online sports retailer in Europe after multiple acquisitions in the last years. Zoll, who will take the lead at the German-based group in Berlin ...
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Amer Sports is buying Peak Performance
Peak Performance is to be acquired for about €255 million by the Amer Sports group, complementing the apparel offerings of Arc'teryx and Salomon with those of a more urban and women-oriented brand that has plenty of room to expand in international markets.The Swedish brand of ski, outdoor, golf and fashion ...
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Peak Performance was the star at IC Group
Peak Performance saw its revenues rise by 7.4 percent in local currencies in the first nine months of IC Group's financial year, which ended on March 31, with gains at wholesale as well as at retail. Translated into Danish kroner, they grew by 5.8 percent to DKK 967 million (€129.8m-$155.2m). ...
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Amer Sports cuts back on footwear distribution
Sales of outdoor shoes declined at the Amer Sports group in the first quarter, as the owner of the Salomon brand continued to clean up its distribution, in an effort to reduce promotional sales.Footwear sales were down by 9 percent to €141.1 million for the three months, which was a ...
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Salomon builds up urban retail and road running
Salomon is raising its investments in retailing and the road running market after a sales increase of 1 percent to €861 million last year, up by 3 percent in constant currencies. The moves come amid significant cutbacks in distribution that have reduced footwear sales in the last months, as described ...
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Columbia grows the most in Europe
Out of all the regions where Columbia Sportswear operates, Europe recorded the largest revenue growth in the first quarter of 2018, helping the U.S. outdoor group to post record profits and margins. Continuing the strong performance registered during the fourth quarter of last year, sales soared in the first three ...
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Boardriders outlines its new management structure
Without waiting for the formal closing of its acquisition of Billabong International, which took place as planned on April 24, Boardriders announced the establishment of a new leadership team that includes existing managers from the two groups and two external recruits. It does not include Neil Fiske, the former chief ...
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Pentland Brands has a new management structure
Pentland Brands, a division of Pentland Group, has announced a series of executive appointments with a view to accelerate its international growth. Pentland Brands is the name behind Speedo, Berghaus, Ellesse, Canterbury of New Zealand and other sports and fashion brands. The changes involve new and extended responsibilities for Matt ...
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Vista Outdoor’s shares tumble as it lets go of several brands
Shares of Vista Outdoor tumbled by 13.1 percent after the company issued a weak outlook for the coming year and announced plans to divest a number of brands, including Vista's Sports Protection brands, such as Bell, Giro and Blackburn, Jimmy Styks paddle boards and Savage and Stevens firearms. The management ...
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Newell may get out of the outdoor sector
The proxy fight for Newell Brands' control is over, but there is strong speculation among financial analysts that the new board of directors that will come out of it will authorize the divestiture of Coleman, Marmot Mountain, Pure Fishing, Shakespeare and other brands in its outdoor group. These brands previously ...
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Brunswick’s fitness segment is boosted by international sales
A few weeks after announcing its planned spin-off, which could take place early next year, Brunswick Corporation reported that its fitness division reached record sales of $244.4 million in the first quarter, an increase of 4 percent from the first quarter of 2017. The management said the segment's revenues ...
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Callaway raises its guidance after a stellar quarter
Callaway Golf Company's revenues and profits rocketed in the first quarter of 2018. The better-than-expected results led the company to increase its full-year sales guidance to a range of $1,170 million to $1,185 million, up from a previous forecast of $1,115 million - $1,135 million. Sales jumped by 31 percent from ...
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Accell invests in Carver
The Accell Group continues to think laterally in its efforts to future-proof its business. Following its recent acquisition of Beeline Bikes, a mobile service company based in the U.S., the Dutch company has lent its support to Carver Technology with the introduction of a three-wheel e-bike that can go up ...
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Accell refocuses operations and management
The Accell Group reported after its shareholders' meeting on April 25 that it has started preparations for a more focused use of its three large manufacturing facilities in Europe: low-cost production in Turkey, e-bikes in Hungary, and a flexible facility focused on the efficient production of smaller series in the ...
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Shimano grows more in fishing than cycling
Shimano, which also owns Pearl Izumi, reported a sales increase across all divisions of 6.7 percent in the first quarter of 2018 as compared to the same quarter last year, with sales reaching 85.2 billion yen (€644.7m-$779.0m). The growth was mostly driven by the company's fishing tackle business, while the ...
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Zai partners with an Italian ski maker
Zai has sealed a joint venture with Blossom Skis, an Italian ski manufacturer in the Bregaglia valley near the Swiss border, to continue the production of its upmarket alpine skis after the closure of its own manufacturing plant in Switzerland and the departure of its founder and designer, Simon Jacomet.The ...
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Hi-Tec moves to a full licensing structure
International Brands Group (IBG) has obtained a licensing agreement to sell footwear under the Hi-Tec brand in Latin America, the Middle East and Asia-Pacific as part of a restructuring plan for the brand's distribution. This Dutch entity is very familiar with the Hi-Tec business since it was established by Ed ...
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Tight trade show schedule in January
The winter edition of Outdoor Retailer (OR) is to take place in Denver and in conjunction with the Snow Show around the end of January for each of the next four years – ending just two days before the scheduled start of Ispo Munich in 2019.Some companies struggled with the ...
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Adidas’ growth slows down in Europe
The Adidas Group has seen a slowdown in its sales growth in Europe and in Originals in the first quarter of this year, but the company held on to its guidance due to robust expansion in North America and China as well as further margin improvements.The group's sales were up ...
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Zion Armstrong takes the lead at Adidas North America
Zion Armstrong, who has played a pivotal part in the Adidas brand's expansion in North America in the last three years, is to take over as president of Adidas North America at the start of July, after the retirement of Mark King.The Adidas Group said that King decided to step ...
