Latest Headlines – Page 397
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New Ceo For Haglöfs
Nicolas Warchalowski, sales and marketing director at Haglöfs, will become the Swedish outdoor company’s chief executive from the start of next year. He replaces Mats Hedblom, who will remain in touch with the company as its corporate adviser. The change comes just a few months after Haglöfs was acquired ...
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Collective Brands Has A New Eurochief
Collective Brands is planning to make an announcement at the beginning of next year for the appointment of a new managing director of Collective Brands EMEA, the group’s Dutch-based subsidiary for Europe, the Middle East and Africa. However, his name – Chris Bate – and his new title are already ...
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Johnson Outdoors Makes A Nice Turnaround
Johnson Outdoors closed its financial year on Oct. 1 with a net profit of $6,539,000 against a loss of $9,671,000 in the previous year, following many sustained cost reduction initiatives taken in the last 18 months and thanks to a 7 percent increase in total sales to $382.4 million, up ...
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Other Companies Can Now Use Nike’S Environmental Tools
Nike has released its Environmental Apparel Design Tool, which is supposed to facilitate collaboration among companies, speed up sustainable innovation and decrease the use of natural resources such as oil and water. The software-based tool helps designers make choices that lessen the environmental impact of their work. Based on ...
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Toning Gets Challenged In The U.K.
After the numerous complaints of misleading advertising levied against Skechers in the U.S. this past summer, it’s now Reebok’s turn to be challenged in the U.K. about its advertising for EasyTones. Ruling that the research submitted by Reebok to substantiate its claims was insufficient, the Advertising Standards Authority of the ...
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Ftx – A New Italian Brand Of Snowshoes
Softly launched in 2009, FTX Snowshoes has sold about 10,000 pairs of snowshoes in Italy for the current autumn/winter season – not bad for a national market estimated at around 100,000 pairs a year and dominated by France’s lower-priced TSL brand. Entirely manufactured in Italy with thermoplastic materials, FTX ...
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Chinese Shoe Producer Goes Public In Malaysia
Maxwell International Holdings, a Chinese footwear company in Fujian that designs, develops and manufactures shoes for brands such as Diadora, Brooks, Fila, Kappa and Yonex, through a subsidiary called Jinjiang Zhenxing Shoes Plastic Co., has applied for a listing on the Malaysian stock exchange in Kuala Lumpur. The Chinese ...
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New Development Phase For Damart Sport
Damartex, owner of the French Damart brand of thermalwear and other products for senior citizens, is opening its first Damart Sport flagship store in a central location of Strasbourg, measuring 80 square meters, after a test with a pilot shop in Brussels. Others may follow in the next months if ...
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Investment Firm Takes Control Of Sport 2000 France, Which Gets New Rights For Italy
Activa Capital, the French investment company that acquired 37.4 percent of the share of Sport 2000 France in May 2008 in an equity increase intended to speed up its growth, is taking over control of the French buying group. Sport 2000 Invest, which represents its retail members, sees its ...
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Foot Locker Sees Positive Growth Everywhere
For the third quarter ended Oct. 31, Foot Locker reported a 5.4 percent increase in sales to $1,280 million, including an 8.1 percent rise on a same-store basis. Currency-neutral, revenues were up by 7.0 percent. Net income was $52 million, a huge improvement over the loss of $6 million for ...
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Asics Launches Its Own Five-year Plan
After Nike, Puma and Adidas, it’s now Asics’ turn to unveil its global growth plan to financial investors. The aim now is reach a sales target of 400 billion yen (€3,555.6m-$4,798.6m) or more by the year 2015, generating an operating margin of at least 10 percent and a return on ...
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Mizuno Grows Strongly In Europe And The Americas
Sales barely inched up in the first half at Mizuno, rising by just 0.2 percent to 76.4 billion yen (€670.4m-$914.8m). However, net income almost doubled, up by 91.3 percent to ¥1.8 billion (€15.8m-$21.6m). The operating profit jumped by 80.9 percent to ¥4.1 billion (€36.0m-$49.1m). The gross profit margin was the ...
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Accell Buys Turkish Bianchi And 50% Of Atala
Accell Group is acquiring all the outstanding shares of Bianchi Bisiklet A.S., giving the acquisitive Dutch bike and fitness group one of the top three positions in both Turkey and Italy, two strong markets for bikes and accessories. Accell Group already owns the Batavus, Bremshey, Ghost, Hai Bike, Hercules, Koga, ...
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Fifa’S Licensing Program Is In Doubt As It Starts To Take Shape In France
Global Brands Group, the U.K.-based master licensee of Fifa and other important sports federations such as Fiba and the PGA, has reportedly dismissed a large part or all of its personnel following serious financial problems. However, four of its managers, who are all former Adidas officials, are said to be ...
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Sheikh Al Jaber Takes Complete Control Of Kneissl To Prevent Financial Trouble
Following a shareholder meeting of Kneissl Holding yesterday, Sheikh Al Jaber has increased his portion of the holding company’s shares from 60 to 99 percent. This move came along with an increase of the company’s capital by €1.2 million. Simon Huber, the other shareholder of the parent company of Kneissl ...
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Hi-tec Plans To Move To Amsterdam
Hi-Tec Sports, the English brand of outdoor and other sports footwear, is going to move its head office to Amsterdam early next year. Established and still owned and chaired by an ebullient Dutchman, Frank van Wezel, the company has been based in Southend-on-Sea, on the southern coast of England, since ...
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New European Licensees For Body Glove
The European license for Body Glove apparel and accessories has been attributed to the Blue Water Group, a Dutch company set up for this purpose by Marcel Sterk, former development executive at Nike Europe. The rights previously belonged to Pro Club Sports (PCS), a Dutch company that had a license ...
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Winter Sports Contributes To Head’S Progress
Head’s net revenues rose by 6.7 percent to €98.4 million in the third quarter ended Sept. 30, boosted by winter sports. Currency effects also contributed to the increase. The adjusted operating profit rose by 37.3 percent to €12.6 million, but ...
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Ugg Continues To Help Deckers’ Results, With Extra Boost From Teva
Deckers Outdoor Corporation reported a 22 percent increase in sales to $277.9 million for the third quarter ended Sept. 30. The net income rose by a similar 24 percent to $42.0 million. The gross margin increased by 4.2 percentage points to 47.1 percent, with 2 points attributed to improved product ...
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The Parent Of Peak Performance Revamps Its Structure
IC Companys, the Danish company that owns Peak Performance, is delegating more responsibilities and the power to make more decisions to each of its 11 brands. Each of them will be in charge of its value chain, including distribution. Finance, IT, logistics and production will still be shared among them, ...
