Latest Headlines – Page 328
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Sports Direct may buy Bench
Sports Direct International is in serious talks to take over Bench, the successful British brand of sports-inspired young fashion clothing and accessories, according to the usually well-informed Drapers magazine. The report indicates that Sports Direct is most interested in the Bench brand, which is one of the assets of a ...
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Ping buys out its European apparel licensee
Meanwhile, Ping, the American golf company, has announced that it has bought the Ping apparel business that has been built up by Peter McGuigan, for an undisclosed price. Through a company in the Manchester area called PMG International, which shut down a few weeks ago, McGuigan had been the licensee ...
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Minimum wages rise in the Far East
The minimum monthly wage for the four million workers in the garment industry of Bangladesh is now set to go up by 77 percent to the current equivalent of U$68.17 on Dec. 1. The new wage rate, which remains one of the lowest in the world, is a compromise between ...
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Lafuma continues its downward movement
The board of director of Lafuma Group and the representatives of its personnel have unanimously approved the proposals of Calida, the Swiss company that is offering to refinance it and to obtain its control in two stages.An extraordinary shareholders' meeting will soon vote on the proposals and the nomination of ...
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Major management changes at Amer and Arc’teryx
Credited for delivering strong business results and for leading the strategic business transformation of Amer Sports' Europe, Middle East and Africa region, Michael White, who has been the general manager of Amer Sports EMEA since 2010, has been promoted to the position of chief sales officer and general manager for ...
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Crocs weighs strategic options
Crocs is reportedly considering new strategic options, including the sale of the company to new investors, after its failure to take the company out of the stock exchange with the help of a private equity fund.With its earnings projected to fall by more than 50 percent this year to ...
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Jack Wolfskin expands in Eastern Europe
Jack Wolfskin is continuing to explore partnerships in Eastern Europe, teaming up with three retailers who will open Jack Wolfskin shop-in-shops in their stores: Mountex in Hungary, Sport Depot in Bulgaria and Sport Virus in Romania.Separately, a Jack Wolfskin franchised store was opened in August in Kiev, the capital of ...
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Black Diamond takes action to diversify
Black Diamond Inc. has hired a leading consulting firm to conduct a global profitability study across all its product categories and geographies in order to refine its future development strategies. It has also mandated an executive search firm to look for a senior executive with experience in the management of ...
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Deckers expands Teva’s lifestyle range
Jeff Bua, the new president of Teva, is repositioning this brand of sports sandals in the Originals category to capitalize on its heritage and better penetrate the casual footwear segment all year ‘round. It plans to introduce a new line of Teva canvas shoes next year that will stay warm ...
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Garmin and TomTom look beyond PND
The personal navigation device (PND) market fell by 15 percent to 2.3 million units in Europe and 28 percent to 1.1 million units in North America during the third quarter, according to information supplied by TomTom. The Dutch company said that this led to steep discounting of GPS-enabled devices for ...
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Cocona launches a new brand name
Cocona Natural Technologies, the American materials technology company, has decided to put a new brand name – 37.5 – on its patented compounds, highlighting the fact that they help to maintain body temperature and body humidity during sports activities. Based on coconut husk and other natural microporous materials, they improve ...
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Essilor acquires Costa
Based in France, Essilor International is the world's largest manufacturer of ophthalmic lenses, and it has been investing strongly in sun lenses lately, as reported in one of our sister publications, Eyewear Intelligence. Based in Lincoln, Rhode Island, Costa Inc. is the marketer of Costa and Native sunglasses, which are ...
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Strong growth for Costa
Sales grew by 26.3 percent to $24.6 million in the third quarter ended Sept. 28 at Costa Inc., the company that owns the Costa and Native brands of sunglasses and that is being taken over by Essilor International (see the previous article in this issue). They rose by 24.1 percent ...
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Patagonia reports further progress in sustainability
The outdoor industry's pioneer of the sustainability concept has announced a new milestone in its efforts, claiming that it is going to be the first apparel manufacturer of its size that will be capable to trace down the entire supply chain for its entire collection of down-insulated products, starting with ...
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The global market keeps growing, but the major chains grow faster
The global sporting goods market grew by 5 percent at retail last year to reach a level of €273 billion after sales taxes, according to NPD, or about US$350 billion. The growth rate was the same as the one that NPD had estimated for the previous two years.In this context, ...
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New plans for Fesi
The Federation of the European Sporting Goods Industry (Fesi) is moving into a higher gear following the unanimous election of Bruno Alves as president by a newly elected 15-member board of directors during the annual general assembly of the organization in Prague earlier this month. He succeeds Frank Dassler, general ...
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Go Sport changes top management after a new sales decline
Groupe Go Sport of France has announced the reshuffling of its management, in connection with the release of relatively poor sales results. On Oct. 7, Jean-Paul Onillon was appointed chairman of the retailer's board of directors and André Segura was named as the group's new general manager. They took the place ...
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Change of the guard at Intersport France, too
Like Go Sport, Intersport's French licensee wants to position its affiliated stores more clearly as partners of the sports brands to contrast the dominance of Décathlon in the market. It wants to improve their attractiveness and services for the end consumer.To this end, Intersport France has appointed François Neukirch as ...
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Sports Direct’s leaders cash in with big profits
Mike Ashley, Dave Forsey and Bob Mellors all made huge profits in the last few days on the sale of shares in the company, which continues to produce excellent figures. Ashley is the maverick investor who controls Sports Direct International. Forsey is the chief executive and Mellors is the finance ...
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A setback for suppliers in Norway
Sportsbransjen, Norway's sporting goods industry association, indicates that the industry's retail sales should go up by around 4 percent this year, performing better than the general retail sector, after an increase of 4.3 percent recorded in the first half of 2013. Quoting a recent study, Sportsbransjen predicts that the sporting ...
