Latest Headlines – Page 351
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New potential bidder for Billabong matches TPG’s offer
Billabong International said that it has received a second conditional acquisition offer. It did not name the party, but it was later identified in several reports as Bain Capital, the U.S. investment firm. The Australian surf company said the new potential bidder was proposing a cash consideration value of 1.45 ...
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Mostly positive figures for Quiksilver
While the Quiksilver group remained under pressure in Europe, the board sports company lifted its sales by 2 percent to $512.4 million in the third quarter of its fiscal year, until the end of the July, which was a rise of 8 percent in constant currencies.European sales dropped by 13 ...
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Korean group discusses takeover of Lafuma
Reacting to press reports of the Lafuma Group's potential acquisition by E-Land, the French outdoor and action sports group confirmed that it had been approached by the South Korean conglomerate and that discussions had been opened. However, Lafuma hastened to add that the talks were very preliminary, and that they ...
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Who will buy JJB?
A dozen potential buyers have requested detailed information about JJB Sports, the ailing British sports retailer that put itself up for sale at the end of August. They are said to include retailers as well as private equity firms.While the board said it was considering all offers, the company is ...
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Good quarter for Sports Direct
While JJB's fate remains undecided, Sports Direct International (SDI) has enjoyed another buoyant quarter: The retailer saw its turnover increase by 25.3 percent to £519.0 million (€641.2m-$841.5m) for the 13 weeks until July 29, pepped up by the international sports events held during the period. Its gross profit jumped by ...
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JD stabilizes Blacks
The JD Sports Fashion group saw its operating profit before onetime costs shrink to £3.2 million (€4.0m-$5.2m) for the 26 weeks until July 28, down from £16.2 million for the same weeks in 2011, chiefly due to acquisitions and accompanying disruption. The British sports fashion retailer bought Blacks Leisure, the ...
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Wahle steps down at Eybl
At the end of last month, Peter Wahle, the chief executive of Sport Eybl & Sports Experts (EAG), left the company after six years in office. Sport-Fachhandel, the German trade publication, has heard that there were differing views on how to lead the company into the future between Wahle and ...
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Dutch GSM group eyes Sport 2000 license
GMS Group Netherlands, a buying group with 127 shoe retailers, is in advanced talks to take over the Sport 2000 license in the country. In a report to its members, GMS Netherlands describes the potential deal as an opportunity to move into the sports market. The Sport 2000 license in ...
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Masita changes hands
Masita, the Dutch teamwear brand, has been taken over by Philip Ploegaerts, a Belgian who was previously a management board member at Jako, the German sportswear company. Ploegaerts handled Jako's sales in the Benelux countries and France as well as its international development, but he left the company earlier this ...
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Derby Cycle integrates Cervélo Europe
Derby Cycle, the leading German bicycle maker that was acquired at a majority by Pon Holdings of the Netherlands last year, lifted its sales by 10.5 percent to €219.8 million for the nine months until the end of June, in spite of the wet spring weather that depressed bicycle sales ...
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Visitors continue to rise at Eurobike
Sluggish sales in several European markets failed to dampen the atmosphere at Eurobike, which again increased its number of visitors this year. The score of more than 40,000 trade visitors last year was surpassed to reach 43,700 trade visitors over three days this year, as well as another 20,500 bicycle ...
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Ispo and SGI Europe help the industry to penetrate Brazil
It's now official: After an overwhelming response from the industry to its proposals, Messe München has decided to organize an “Ispo Matchmaking & Information Trip” to Brazil for sporting goods companies that wish to enter this important and promising market or to improve their position there. The program will run ...
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New import barriers requested in Brazil against shoe parts and clothing
The success obtained by Brazilian shoe manufacturers with the imposition of anti-dumping duties on Chinese footwear at the end of 2009 has led other interest groups to wonder whether they could do the same. On Aug. 23, Abit, the Brazilian textile and apparel industry association, filed a petition with the ...
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Alpargatas sees slimmer margins
The parent company of Havaianas and other brands recorded 16.2 percent higher sales of 1,376.2 million reais (€519.5m-$682.9m) in the first half of 2012, but its profit margins went down for the whole period as well as for the second quarter. For the six months, the gross margin was off ...
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Vulcabras sees an uptick in Q2
Vulcabras' results for the first half were mixed. Operating revenues declined by 3.1 percent to R$891.7 million (€336.2m-$442.0m), with a drop of 9.4 percent in domestic sales to R$664.7 million (€250.7m-$329.5m), but the total number of pairs sold by the Brazilian company rose by 3.5 percent to 18.0 million. Total ...
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Startex takes over Karhu’s ski license
Startex, the Finnish company that sells the Start brand of ski waxes, has obtained a license to make and sell cross-country skis, boots and poles under the Karhu brand. That should enable Karhu to regain ground in one of the product categories that have most strongly contributed to the brand's ...
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France is again the main destination for alpine skiing
France became the biggest destination for alpine skiing during the 2011-12 winter season, according to Domaines Skiables de France, the association that groups the ski lift operators in the country. They sold 55 million day passes for the season, or 3 percent more than in the previous season. Similar organizations ...
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Nike will reportedly replace Mizuno as IOC’s sponsor
Several unconfirmed reports last week indicated that Nike would take over as the official apparel supplier of the International Olympic Committee (IOC) until the end of 2016, covering the 2014 Winter Olympics and Paralympics in Sochi, as well as the 2016 Summer Games in Rio de Janeiro. Nike said it ...
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Oakley got a big kick from the Olympics
Combined with heavy spending on its “Beyond Reason” campaign, Oakley's strong visibility at the London Olympic Games has been a fantastic booster for the brand, considering the fact that it is now recording overall growth of between 15 and 20 percent in the Europe, Middle East and Africa (EMEA) region, ...
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India finally allows foreign retailers to control stores
The Indian government decided at the end of last week to allow 51 percent foreign direct investment in multi-brand retailing, after many months of dithering and sometimes virulent debate. A decision to open up the Indian retail market last November had to be put on hold as it provoked a political ...
