Latest Headlines – Page 310
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Globe posts strong growth in Europe and Australia
Globe International's overall revenues rose by 24 percent to A$104 million Australian dollars (€75.30m-$97.54m) for the year ended June 30 as compared to the previous year, or by 13 percent in constant currency terms, driven by strong results in Europe and Australia. Breaking the A$100 million sales mark with solid growth ...
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From Haglöfs to Peak Performance
Nicolas Warchalowski, who left as chief executive of Haglöfs a few weeks ago after five years with the company, which is now a property of Asics, has been appointed CEO of Peak Performance. His career includes brand-building experiences at Procter & Gamble and Red Bull in the U.S. and Austria.Warchalowski ...
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Former Halti boss acquires Vauhti Speed
Acting through his investment company, which is still a minority shareholder in Halti, Martti Uusitalo has acquired a majority stake in Vauhti Speed, a Finnish manufacturer of ski wax and related accessories. The former owners, Aki and Vuokko Karvonen, remain as minority shareholders. They will continue to be active in ...
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Accell get the leadership in Spain through Comet
Accell Group has announced a deal for the acquisition of all the shares in Comet S.L., a Spanish supplier of bike parts and accessories based in Urnieta, near San Sebastián. The acquisition will be financed via existing financing facilities. It is Accell's first acquisition in Spain. Comet has exclusive distribution ...
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BRG Sports sells Easton Hockey, buys MIPS
BRG Sports, formerly known as Easton-Bell Sports, has announced the sale of its Easton hockey business to Chartwell Investments, a New York-based private investment firm. The terms of the transaction were not disclosed. Chartwell sealed the deal by walking out with part of the senior management. Mary George, a former chief ...
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Amer Sports sees room for further growth in profitability
The management of Amer Sports is generally pleased with the results of its outdoor brands, including Salomon, Arc'teryx and Suunto. It sees further potential for the development of the footwear and apparel categories within the group, and it is taking action to boost the sales and profitability of its only ...
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Missing Link regroups and cuts costs
The Norwegian Missing Link Group (MLG) has been through some turbulent years recently, as we have reported in the past, with declining sales and continual changes in leadership. Its sales fell last year to NOK 51 million Norwegian kroner (€6.3m-$8.2m) from NOK 60 million in 2012.However, according to an interview conducted ...
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Under Armour sponsors a supermodel, clashes with Nike over Durant
Under Armour has announced a multi-year sponsorship deal with Gisele Bündchen, the 34-year-old Brazilian supermodel, as part of its efforts to double the size of its women's apparel segment, which has reached annual sales of around $500 million. The terms of the contract have not been revealed, but it was ...
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Nike leads among European football kit suppliers in 2014/15
Of the 25 brands supplying kit to clubs in the major European football leagues during the 2014/15 playing season, Nike has become the market leader, according to Repucom and PR Marketing's “European Football Kit Supplier Report 2014.” However, this summer Adidas announced a blockbuster 10-year, £750 million (€939.14m-$1,234.54m) deal with Manchester ...
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WFSGI moves on many fronts
The World Federation of the Sporting Goods Industry (WFSGI) has decided to set up an Asia office in Hong Kong and has launched a job search for its director. Reporting directly to its head office in Switzerland, it will act mainly as a full-service organization intended to support WFSGI's Asian ...
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VF Corp. teams up with the World Bank Group for Bangladesh
VF Corporation has announced a collaboration with the International Finance Corporation (IFC), a member of the World Bank Group, to provide up to $10 million to help VF suppliers in Bangladesh finance fire and building safety upgrades in their factories. VF said these funds are part of the company's overall $17 million commitment to the health ...
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Patagonia launches a new “Vote the Environment” campaign
Patagonia has launched a crowd-sourced campaign asking artists across the U.S. to create a collection of designs expressing why they believe the environment is the key issue in the upcoming mid-term election and inspire people to vote, especially young people. According to a study by Harvard University, only 23 percent ...
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Benko is the new full owner of Karstadt
René Benko, the Austrian real estate entrepreneur who acquired last September a 75.1 percent stake in the Karstadt Sports chain and the three premium department stores of the Karstadt group through a subsidiary of his investment company, Signa Holding, has now bought the remaining 25 percent stake. Signa has ...
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Adidas will spend more on marketing
Admitting that it had not reacted fast enough to the rising competition from its main rival, which “heavily attacked” it in Western Europe last year, Herbert Hainer, chief executive of the Adidas Group, announced a planned increase in its marketing budget to between 13 and 14 percent of sales in ...
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Mizuno makes big strides in Europe
Europe was the bright spot in the latest quarterly report by Mizuno Corp. Confirming their regained momentum, sales in the region grew by 37.2 percent to 3,617 million yen (€26.38m-$35.26m) in the first quarter ended June 30, with an increase of 22.0 percent in local currencies. The operating loss in the ...
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Altra widens European distribution
Altra, an American brand of running footwear with a shaped toe box and a flat cushioned sole, has made rapid headway in Europe by sealing another batch of distribution agreements in the last months. The expansion has been led by Frank Warnars, previously in charge of European sales at Saucony, ...
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Go Sport strikes a deal with Twinner
Groupe Go Sport has announced an agreement in principle to further develop its network of third-party stores in France, where it already has nine franchisees trading under the Go Sport banner. The agreement calls for closer cooperation with Twinner France, a cooperative of independent retailers, pending approval of the deal ...
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New manager for Décathlon in Sweden
Amir Golkar is taking over as country manager of Décathlon in Sweden. Golkar has been partly responsible for the establishment of the big international sports retail chain in Sweden since 2009, when he joined the company after working in international trade. At Décathlon, he worked as establishment director and then ...
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Good numbers for Sportamore
Since its establishment five years ago, the Swedish online sporting goods retailer Sportamore has been able to show strong growth, but little profits. For the second quarter of this year, it has reported an operating profit of 400,000 Swedish kronor (€43,685-$58,437), compared with an operating loss of SEK 7.1 million (€0.78m-$1.04m) ...
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Sony veteran becomes Black Diamond chief
Zeena Freeman, the new president appointed to replace Peter Metcalf as president of Black Diamond as of last week, is expected to implement a new omni-channel distribution strategy at Black Diamond, which may also involve the establishment of mono-brand stores. She will eventually also become chief executive of the company ...
