Latest Headlines – Page 369
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Hestra opens Hungarian factory
Hestra Hungary, a joint venture between Hestra of Sweden and Union Trade Kft, a Hungarian producer of shoe components, opened a new manufacturing plant in the east of the country last month for the Swedish ski glove maker. Hestra was hard-pressed to expand its production capacity as its sales roughly ...
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New Wave will take Paris Glove to Europe
Last week, New Wave Group announced the acquisition of a Canadian company called Paris Glove, that produces sports gloves under the Auclair Sports brand name as well as other types of gloves for the fashion and industrial markets. The Swedish group, which is involved in sporting goods as well as ...
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Rossignol’s turnaround is confirmed
French President Nicolas Sarkozy paid a highly publicized visit to the Dynastar factory at Sallanches, which overlooks the Mont Blanc this morning to give it a newly coined “made in France” label and to celebrate the Rossignol Group's recent decision to repatriate the production of junior skis from China, to ...
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Roxy will relaunch its skis, made by EXO
Quiksilver has announced that it will offer a line of Roxy branded skis for the winter 2012-13 season. They will be made in a small workshop at St. Jean de Moirans, where Rossignol's new head office is located, but not by Rossignol, which manufactured the Roxy line when it was ...
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Lafuma turns around, relaunches Killy
The Lafuma Group has reported a net profit of €3.9 million for the financial year ended last Sept. 30 compared with a loss of €3.6 million the year before. The gross margin improved by 2.3 percentage points to 53.9 percent of sales, thanks in particular to a better sales mix ...
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Another French brand, Fusalp goes high-end
Lafuma is not the only company going after the high end of the skiwear and after-ski outerwear market with its new Killy collection, in the footsteps of Moncler, Kjus and Toni Sailer. Two other French brands with a long history in the ski sector, Fusalp and Look, are going in ...
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Look invests heavily in apparel
Sports-inspired vintage outerwear is a segment in which another French firm, Look, has started to invest. The company, whose core business consists of automatic pedals for bicycles, has allocated a budget of €10 million to develop a market for its Look branded collection of garments and accessories, with a medium-term ...
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Maier Sports takes Rono and runs
Maier Sports, the German sports apparel firm acquired by the Findos Investor equity firm last Aug. 1, is taking over a specialty brand of running wear, Rono Innovations. Rono will reportedly continue to operate independently within the new enlarged group, which also markets Maier Sports snow apparel and outerwear as ...
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Lex’ retailers tell Asics what is the law
Lex is the Latin word for law, but in Germany's running scene Lex stands for Laufexperten (“running experts”), a big group of highly qualified retailers specializing in the running segment. Currently the Lex group counts 67 shops across the country.The cooperative has announced that Asics will no longer be one ...
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Oakley licenses Trimera for swimwear
Oakley has granted a global license to Trimera Group of Montreal for lifestyle and athletic women's swimwear and related accessories such as cover-ups, hats and bags. The company's Oakley-branded products are scheduled to become available at retail from November 2012 or January 2013. They will use an exclusive fabric intended ...
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British golf industry veteran launches his master agency
Andy Bough, a veteran of the golf business based in Scotland, has replaced Powakaddy as the master agent in the U.K. for GolfBuddy, the U.S. brand of hand-held GPS-based measuring devices for golf ranges. His new company, Cactus Brand Partners, has also become the master agent in the U.K. and ...
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The winners of the Ispo BrandNew Awards
After going through the applications filed by 269 young enterprises from 27 countries for close to 10 hours, a 14-member jury picked a company from San Sebastián, Spain, as the overall winner of the Ispo 2012 BrandNew Awards. The overall winner was Wavegarden, a startup that has developed a special ...
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Game 7 Athletics reports a turnaround
Game 7 Athletics is the Italian chain of sporting goods stores born in 2008 from the ashes of the former bankrupt Giacomelli Sport. For its last financial year, ended on June 30, the company has reported its first net profit since Champion Europe bought selected assets of the former Giacomelli ...
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Swiss industry wants the Swiss to buy Swiss
Acting through their respective national trade associations, Spaf and Asmas, sporting goods brands and retailers operating in Switzerland have joined forces to organize and finance a massive nationwide communication campaign, telling Swiss people that they should buy their products in Swiss stores. The aim is to discourage them from buying ...
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Blacks and JD predict a tough Christmas season
Citing weakening marketing conditions, Blacks Leisure Group predicted that its results will be below expectations and that it will thus need additional funding to execute its strategic plans, notably by strengthening its capital structure among other options. The announcement sent the value of its shares on the London Stock Exchange ...
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Foot Locker starts new initiatives in Europe
After launching an e-commerce operation in the U.K. in 2008 with satisfactory results, Foot Locker started a soft launch of its e-commerce platform in Germany, France, Belgium and Luxembourg last Nov. 14, and the program will be gradually expanded across Europe. Foot Locker is offering free shipping for any orders ...
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More financing for Russian web shop
Heverest.ru, which describes itself as the largest online hypermarket in Russia, offering more than 15,000 items for active recreation and sports, has secured $1.4 million in additional funding for its development from a couple of financial investors, Rollingahead and eVenture Capital Partners.That will take its equity up to about $2 ...
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NPD looks at online retailing
The NPD Group has released a report on online sales of sporting goods in Europe's “Big 5” countries – the U.K., Germany, France, Spain and Italy. Taking sports footwear and apparel together, in the 12 months through the end of September, online sales reached €2.6 billion. The total doesn't include ...
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Décathlon’s parent invests in foreign firms
Oxylane Group, the parent company of Décathlon, continues to make investments in other sporting goods companies. After buying a stake in a French specialist retailer for scuba diving products a few months ago, called Au Vieux Plongeur, it has acquired a minority stake in a German specialist in road cycling, ...
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Indian sports retailing to open up
Indian retailers are bracing themselves for a shakeup, after their government finally approved foreign direct investment (FDI) in retailing last week. The decisive move could have far-reaching consequences for sports retailing in India, which has hardly seen any foreign investment so far.The rules previously dictated that foreign investors could only ...
