Latest Headlines – Page 320
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Gordon Baird takes the reins of Inov-8
A 54-year-old industry veteran, Gordon Baird, became the new chief executive of Inov-8, the fast-growing brand of trail running shoes, on March 18. He was most recently the CEO of Americana, the British parent of the Bench brand, which is coming under the ownership of another equity fund (more on ...
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Haglöfs chief executive resigns
Nicolas Warchalowski, who has led Haglöfs for the last five years, resigned and left the company earlier this month. The chief executive encouraged the group's global expansion after its takeover by Asics and he said it was time to hand over to another manager for the next phase.The company said ...
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AMG is open for new ventures after management buyout
AMG Group, the Scottish company that owns the Vango brand of camping products as well as the Force Ten and Lichfield brands of family camping products, is eager to obtain new distribution contracts and is interested in possible acquisitions following its management buyout, announced a few days ago. In particular, ...
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Gore-Tex is the best-known ingredient brand
A study compiled by us about the Italian sporting goods market a few years ago showed that Gore-Tex was by far the biggest brand of outdoor products in the country. Gore-Tex turned out to be now the best-known “ingredient brand” for the textile and outdoor industry in the German-speaking region. ...
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Change of the helm at Décathlon’s parent
Oxylane, the parent company of Décathlon and other minor retail chains, has decided to appoint Michel Aballea, who has been running its operations Décathlon Sports India since 2007, as its new chief executive from the beginning of 2015. He will take the place of Yves Claude, who will steer the ...
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Décathlon switches to second gear in Sweden
Décathlon is closing one of its two Swedish stores, located in Bromma, at the end of this month, but company officials insist that the big French retailer is committed to the country.It launched e-commerce in Sweden last month, with a goal to supply some 12,000 products online. It also has ...
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Change of generations at Sportler
Jakob Oberrauch, 25, is the new managing director of Sportler, the big Italian chain of sporting goods stores. He has taken over the reins from his father Georg, who believes in giving more responsibility to young people. Georg, who will be 59 next Dec. 11, is not going to rest, ...
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Runners Point may grow outside Germany
Foot Locker sees its Runners Point chain growing outside Germany to other parts of Europe in due time, while reaching the same high profitability as its regular European stores. In the shorter term, further expansion in Europe and in the women's business, coupled with other strategic initiatives, should help the ...
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Hainer will run Adidas until March 2017
Herbert Hainer's contract as chief executive of Adidas AG was set to expire in 2015. At a meeting last week, the supervisory board of the group decided to extend his mandate for an extra two years until March 2017. The 59-year-old manager has been with Adidas since 1987, and he ...
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A strong quarter helps the Adidas Group
A strong performance in the fourth quarter of 2013 allowed the Adidas Group to achieve the targets that it had set last September for the full financial year, which the management had revised downwards due to a number of reasons. The group accomplished the feat in spite of an adverse ...
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Reebok changes logo, returns to growth
Reebok has unveiled its new brand logo, the Reebok Delta symbol, which is meant to seal its transformation into a fitness brand for amateur athletes. Through the millennia the delta has been a symbol of change and transformation, the Adidas Group says, and the new Reebok Delta symbol is meant ...
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Retail is an engine of growth for Adidas
Adidas introduced a new retail format at its largest store in the world at the beginning of this year, the Adidas Brand Center in Beijing, which measures 3,170 square meters. Called HomeCourt, it can be described as an unique interactive retail experience.The heart of the new retail concept is the ...
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Adidas and Nike launch new football boots
Adidas and Nike have both launched new and innovative football boots based in the run-up to the Fifa World Cup in Brazil. Both products are based on the new knitting technology that they have already applied to their lines of running shoes, raising a dispute between them about intellectual property ...
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Quiksilver seeks new ways to expand
Quiksilver is exploring new ways to grow by combining the expertise collected by its remaining brands and its managers in different fields under the leadership of Andy Mooney, the former executive of Nike and Disney who became the group's president and chief executive in January of last year.For example, it ...
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Quiksilver shows some improvements
Quiksilver Inc., the parent of Quiksilver, Roxy and DC Shoes, reported revenues of $393 million in the first quarter ended Jan. 31, down 4.6 percent in dollars and 2 percent in constant currencies versus the first quarter of fiscal 2013. Net losses from continuing operations declined to $22 million from ...
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Head’s results improve
Head reported a net profit of €5,296,000 for its 2013 financial year, more than double the level of €2,506,000 attained in 2012, as the group's net revenues grew by 4.5 percent to €358.7 million. In terms of local currencies, revenues were up by 7.4 percent.The gross margin of the group ...
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Dorel’s bike segment is in the red
Dorel Industries reported that its recreational/leisure segment, which includes Cannondale, Schwinn, GT, Mongoose, Caloi, IronHorse and Sugoi, posted an increase of 8.3 percent in fourth-quarter revenues to US$245.4 million, but excluding Caloi's acquisition in Brazil, the organic sales increase was limited to 1 percent in the quarter.Restructuring costs and difficult ...
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BD moves to a functional-centric model in Europe
Olav Nietzer will run the European operations of the Black Diamond Equipment brand from next June 1, acting in the new position of brand and sales director in Europe. He will gradually take over some of the functions of Christian Jaeggi, who set up the brand's European operations in Basel, ...
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Jarden has a new management structure
Jarden Corporation has announced an expansion of its executive leadership team to support the company's ongoing growth. In 2013 Jarden posted a record performance with revenues of around $8 billion, marking the achievement of the long-term financial goals it had set in 2010.Ian G. H. Ashken, currently vice-chairman and chief ...
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New owner for Bench
Emeram Capital Partners, the Munich-based private equity firm that bought Boards & More recently (SGI Europe no. 24-38+39 of last Dec. 9), is set to acquire Americana International, the U.K. company that owns the Bench and Hooch brands of sportswear, from another fund, HG Capital, at an undisclosed price.HG had ...
