Latest Headlines – Page 255
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Puma regains shelf space
As the Puma brand is regaining resonance, the group's sales jumped by 8.3 percent to €990.2 million for the third quarter and its managers are confident that the growing level of full-price sell-out in the last two months will drive continued expansion and underlying margin improvement.The sales increase amounted to ...
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Nidecker group buys Flow snowboarding
The Nidecker Group has reinforced its share in the snowboarding market by taking over the brand assets of Flow Snowboarding from Flow Sports, the Californian board sports group, at an undisclosed price.The two companies said that their assets were complementary, and the tie-up will enable both of them to sell ...
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Is LVMH seriously moving into sports?
LVMH is said to be in discussions for the acquisition of Cicli Pinarello, the Italian brand of high-end road bicycles, as well as Rapha, the British brand of classy cycling apparel. The reports could not be confirmed at the time of going to press.If confirmed, these moves by the world's ...
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Moncler puts its name on Zai skis
Taking inspiration from its origins as a French brand of technical skiwear, Moncler has launched a small limited edition of high-end skis to go with its Moncler Grenoble line of skiwear. They will be sold at some of its single-brand stores at ski resorts and in the cities as well ...
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Bogner upgrades team for expansion strategy
Andreas Baumgärtner has been appointed as managing director in charge of design and marketing at Willy Bogner, as part of the management and strategic changes that are meant to raise the German skiwear and fashion brand's turnover to about €300 million in 2022.Baumgärtner, who will start at Bogner in April ...
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Rossignol claims gains in alpine ski market
The Rossignol group estimates that it has gained market leadership in alpine and Nordic skiing and become the second-largest player in the market for alpine skiing boots with the Rossignol and Lange brands, after the Amer Sports group and before Tecnica and Nordica.Bruno Cercley, Rossignol's chief executive, says that pre-orders ...
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Rossignol makes multi-faceted investments in Time Sport
The Rossignol Group has rejigged the management of Time Sport International and moved its production, as part of the plans to nearly triple the French cycling brand's turnover to about €30 million in three to five years' time. The group already reported a rise of 40 percent in pre-orders for ...
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Amer adjusts for digital growth
The Amer Sports group is adjusting its business structure to create a connected devices and services category, as the Finnish sporting goods supplier is multiplying efforts to launch connected products.The new category is covering Amer's digital services and technologies along with the former Sports Instruments division, which chiefly covers the ...
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Billabong weighs new disposals
Billabong International informed shareholders at its annual meeting last month that it was studying the divestment of its smaller brands to focus on Billabong, RVCA and Element. This was described as a continuation of the strategy set in motion by the group three years ago, which included cost reductions and ...
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Weak American sales hurt Asics
Asics raised its sales by 3.7 percent to €695 million in Europe, the Middle East and Africa (EMEA) in the nine months to September, with more focus on fewer accounts with more diverse products.Sales of running footwear were up by 6 percent in the region, against a rise of 3 ...
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Mixed results for Mizuno
Mizuno performed much better in Europe than in the U.S. or Japan in the second quarter of its financial year, ended on Sept. 30. In terms of local currencies, sales grew by 10.5 percent in Europe during the period, but they fell by 14.5 percent in the Americas. They were ...
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Big drops in Alpargatas’ sports business
Even without including sales in Brazil of Timberland, Topper and Rainha products, which were discontinued earlier this year, Alpargatas suffered a drop of 29.9 percent to 936,000 in the number of pairs of sports shoes sold in the country during the third quarter of this year. Sales of these products ...
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Eno Polo moves from Alpargatas to GBG
Eno Polo, the 49-year-old president of Alpargatas EMEA, has left the Brazilian company to run a new European subsidiary of Global Brands Group (GBG), the New York-based company that started in 2005 as the wholesale business of Li & Fung and was spun off more than four years ago to ...
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Vulcabras’ divorce from Reebok pays off for the couple
Vulcabras Azaleia, the Brazilian parent of the Olympikus brand of sports shoes that held the distribution rights for Reebok until the end of last year, has reported a net profit of 19.7 million reais (€5.36m-$5.71m) for the third quarter ended Sept. 30, compared with only R$2 million in the year-ago ...
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More funding for Hickies
Hickies says it raised $10 million in the latest round of financing from Sforza Holdings and two other investors, taking the total funding for the development of its smart shoe lacing system up to $16 million. One of the top three global footwear brands, whose name was not revealed, made ...
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Azzolari moves from Deckers to Tod’s
The Tod's group has recruited Sergio Azzolari to be the new general brand manager for Hogan. He will take the place of Riccardo Sciutto, who left the company in the spring to run Sergio Rossi after its recent change of ownership. Azzolari, 48, has been running the European operations of ...
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Crocs’ gross margin improves on weaker sales
Crocs posted revenues for the third quarter that were at the low end of the range it had predicted, going down by 10.3 percent over the year-ago quarter to $245.9 million, or by 11.6 percent on a constant-currency basis.However, the gross margin topped expectations, exceeding the guidance by approximately 2.0 ...
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Warm weather reduces store traffic for Peak Performance
With six added stores, Peak Performance saw its turnover move up by 1.5 percent to the equivalent of 348 million Danish kroner (€46.8m-$49.5m) for the quarter until the end of September but its Ebit margin contracted by 4.9 percentage points to 17.8 percent for the three months, as it spent ...
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Craft’s parent improves margins
The New Wave group, the Swedish company behind Craft, saw the sales of its sports and leisure division dip by 3 percent for the third quarter, as increasing sales in Sweden, other Nordic countries and southern Europe could not make up for sluggishness in the U.S. market. Along with Craft, ...
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Karstadt’s owner buys Internetstores
Internetstores, the European online retailing group for cycling and outdoor products, is to be taken over by Signa Retail, the Austrian holding company that controls Karstadt and Karstadt Sports. Signa is acquiring a stake of 87 percent in Internetstores by buying the share of 42 percent held by EQT Expansion ...
