Latest Headlines – Page 408
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Skigutane Merges Into Action Brands Of Norway
Like the previously reported merger between Nordic Outdoor and Bios, the merger between Action Brands and Skigutane is meant to pave the way for the development of a larger distribution company, with a presence in several Nordic countries, through organic growth as well as acquisitions. Holta Invest, the ...
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Europe Drags Down Rip Curl
The global revenues of the Australian surfwear company, which remains private, are expected to be more or less stable at around 400 Australian dollars (€279.7-$339.2), or up by 1 percent at the most, for the financial year ending next June 30. While the Asia-Pacific and Americas regions have registered growth, ...
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O’Neill Takes Another Run At Europe
O’Neill aims to double its European sales to about €400 million in the next five years as it begins to implement a more focused and harmonized strategy. After intense preparations in the last months, O’Neill has started to tighten its grip on the brand’s distribution and to deploy a Europe-wide ...
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Quiksilver’S Turnaround Efforts Boost Profits Despite A Sales Slump
Quiksilver’s sales continued to slide for the second quarter of its fiscal year, but the company reaped the results of the many restructuring efforts and cost reductions it has deployed in the last quarters, with a much-improved gross margin and profit. Even as they reported disappointing sales, the company’s managers ...
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Lafuma Improves Its Profitability
Represented mainly by Oxbow, the surf division of the Lafuma Group made good progress in the first half its financial year, ended March 31, generating an operating profit of €1.5 million in contrast with the €0.4 million loss of the same period a year ago, and its profitability is expected ...
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Lg Fashion Will Help Lafuma In China
Lafuma has agreed to take a 49 percent stake in a new joint venture with its big South Korean partner, LG Fashion, to develop its presence in mainland China. Lafuma has also formed its own subsidiary in Poland. Under its new deal with LG Fashion, LG Fashion has ...
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Moncler Hires Alberto Lavia As Ceo
The Italian producer of high-end sportswear has appointed Alberto Lavia as chief executive, effective July 15. For the last two years, he has held the same position at Façonnable, the French fashion group founded by the late Horst Dassler. The manager has considerable experience in the fashion industry having been ...
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Crossways Joins Other Troubled French Golf Apparel Brands
Several candidates have filed offers to take over Crossways, a popular French brand of golf apparel that went into receivership early last month. The company is under observation for six months until November, but it appears likely that the rescue will come much earlier. The receiver should make ...
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As A Group, Nike Has Overtaken Adidas’ Football Lead
The research firm Sport+Markt has taken a look at what the major brands are doing around the World Cup in South Africa, and found that the Nike group is spending more to outfit teams than its big rival (and the official sponsor of the event) Adidas. Nike and its specialized ...
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Annecy Will Host The First European Outdoor Forum
Sporting Goods Intelligence Europe and its new sister, The Outdoor Industry Compass, have agreed to be among the sponsors of the first European Outdoor Forum. Scheduled to be held Oct. 11-13 in Annecy, home to Salomon, Millet, Patagonia Europe and many other outdoor-related companies, this convention aims to put together ...
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Record Of Exhibitors And Improved Infrastructure At Outdoor Show
Messe Friedrichshafen, the organizer of the OutDoor show due to be held from July 15 through 18, reports a record attendance of 860 exhibitors, which corresponds to an increase of 6 percent from a year ago. They come from 39 countries and represent more than 1,000 brands. The trade ...
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Interesting Business Model At The New Sports Unlimited Trade Show
The organizers of Sports Unlimited were pleased with its results in the second year of the event, which were better than expected, considering the economic situation and the fact that the country has remained without a traditional sporting goods fair for many years, creating new habits in relations between vendors ...
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Two French Industry Veterans Attack The Sports Medical Field
The two industry veterans, Serge Darcy and Stéphane Janssoone, worked together at Compex, the supplier of electronic muscle stimulation equipment. Darcy, a 57-year-old executive with a longer experience, has set up his own distribution company, called MedAtletic, while 38-year-old Janssoone, who worked at Cefar-Compex until last year, is now running ...
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Mueller Sports Medice And Mcdavid Work Differently In Europe
Both of these American specialists in protective baselayers and other injury protection equipment for various sports do a lot of business in the U.S., especially with the larger sporting goods stores. This is not only because of the toughness of American sports such as hockey and American football, but also ...
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The Big Football Brands Get Ready For The World Cup
The latest round of disclosures by the leading brands in the football market again has Adidas and Nike boasting that they are the largest players in the sport, ahead of the final round of the football World Cup to start in South Africa next month. At its investor conference ...
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Intersport Warns About Football Hype
When it comes to retailers, Intersport is expecting its football sales to reach at least €850 million including VAT this year, compared with about €810 million in 2008 and €710 million four years ago. This amounts to a projected increase of about 5 percent this year compared with two years ...
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Sport 2000 Has A New Leader, William Monti, And New Structures
The board meeting of Sport 2000 International held in Munich earlier this month led to the election of William Monti, president of Sport 2000 France, as the international group’s chairman. He replaces the Dutchman Marius Rovers, who had to step down due to the fact that he will soon be ...
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Dutch Buying Groups Withstand Tough Market Conditions
Euretco Sport, the second-largest buying group for Dutch sports stores, comprising Sport 2000, Runnersworld and the Sport Point partnership, is rebuilding its management after a tough year. Bertil van der Sluis, who specializes in retailing and franchising, with stints at such companies as Phone House and Mexx International, was appointed ...
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Blacks’ Fund-raising Vote Passes And Pentland Picks A Small Share
Blacks Leisure, the leading British outdoor retailer, has overcome an attempted block by its largest shareholder, Sports Direct International (SDI), to raise funds for its turnaround plan. At a general meeting held last week, Blacks’ managers obtained approval from the company’s shareholders to raise £19.7 million (€23.0m-$28.2m) through a share ...
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Gresvig Launches Superstores In The Fastest-growing Scandinavian Market
Gresvig, the leading player in the Norwegian sporting goods market trading under the G-Sport and Intersport banners, will launch a new format of superstores next year, called G-Max, in major urban areas. The move is evidently a reaction to the strong expansion of XXL, which ranked as the fastest-growing major ...
