Latest Headlines – Page 413
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Deckers Takes Over The Distribution In Several Countries
Deckers Outdoor Corporation, the company behind the Teva, Ugg and Simple footwear brands, is reinforcing its European operations through the acquisition of its Dutch and British distribution partners. It opened a subsidiary for the Benelux countries and France at the start of this year and will do the same in ...
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Moncler May Go Public
Moncler is reportedly considering an acquisition and preparing a possible introduction on the stock exchange at the beginning of 2011, allowing the Carlyle fund, which owns 48 percent of the Italian company, to realize a nice capital gain. Remo Ruffini, shareholder, president and creative director, is expected to sell at ...
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Strong Progress At Fenix Outdoor
The Swedish group is leaving its dividends unchanged in spite of an 8 percent increase in net profit to 113.3 million Swedish kronor (€11.6m-$15.7m) last year and an improvement in its debt/equity ratio from 65.3 percent to 67.1 percent. Debt was reduced from 79.0 million SEK to 63.5 million SEK ...
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More Action On Anti-dumping Duties For Shoes And Bicycles
Fesi, the European sporting goods industry federation, has formally filed a lawsuit in the European General Court, challenging the procedures used in the investigation that has led the European Union to extend its anti-dumping duties on imports of leather shoes from China and Vietnam last Dec. 22. It claims that ...
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Italian Authorities Finance Samples And Propose New Origin Labels
In order to support research and development in the textile and apparel sector, the Italian government has issued a decree authorizing companies, including producers of sports apparel and of the upper part of textile shoes, to deduct the cost of designing and producing samples. The tax relief, which if fully ...
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Spanish Court Agrees To Hear Out Munich-umbro Dispute
Berneda S.A. persists in the judicial action started in 2005 to support its claim that Umbro’s logo creates a confusion with the registered X logo on its own shoes, marketed under the Munich brand name. The Spanish Supreme Court has agreed to review an appeal filed by Berneda in November ...
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Easton-bell Had A Negative Year
Easton-Bell Sports saw annual revenues decline by 7.6 percent to $716.3 million for the fiscal year ended Jan. 2. Operating income fell by 27.9 million to $45.5 million, and gross margins fell by 1.7 percentage points to 32.65 percent. The net loss was $4.1 million, compared with earnings of $13.4 ...
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Rec/Leisure At Dorel Has Good Growth
Revenues within the recreational/leisure segment of Dorel Industries grew by 11.3 percent to $175.7 million in the fourth quarter ended Dec. 30. About two-thirds of this came from acquisitions the company made in the second half, with the rest from a 25 percent increase in sales from its Cycling Sports ...
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Li Ning Overcomes Tough Conditions
Li Ning, the Chinese sportswear company, had a 25.4 percent increase in sales to 8.39 billion renminbi (€907.9m-$1,227.2m) for the 2009 fiscal year ended Dec. 31. Annual net income rose by 31.0 percent to CNY 945 million (€102.3m-$138.2m). The gross profit margin slipped by 0.8 percentage points to 47.3 percent. ...
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Ispo China Proves To Be Strong In Outdoor, But Less In Other Segments
The organizers of Ispo China feel that they have taken a leading role in the Asia-Pacific region, reporting that they had 21 percent more visitors for the show held March 4-6 than they did in 2009. Nearly 16,300 attendees were at the show, a record. Several major players exhibited there ...
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Sports Direct Is Considering An Offer To Buy Blacks Leisure
Sports Direct International (SDI), the leading British sports retailer controlled by Mike Ashley, said that it was mulling a cash bid for Blacks Leisure, after acquiring a stake of 28.5 percent in the outdoor retailer. The move is only partially thwarting its plans to raise more equity to help finance ...
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Foot Locker Looks To Europe For Growth
Foot Locker plans to open 60 new stores this year and more than 70 percent of them will be in European countries where it is already operating and where the group behind the banner continues to perform better than elsewhere. It will also be closing about 150 stores, the majority ...
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Adidas Is Confident After A Tough Year
Adidas Group managers gladly put last year behind them, describing it as the toughest year for the group in the last decade. However, they felt that their performance had been respectable under the circumstances and that, after a more encouraging last quarter, they were in strong shape for a rebound ...
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Easytone Is Lifting Reebok’S Sales And Margins
Adidas Group’s management is expressing new confidence that it will bring Reebok back to growth this year, on the back of heavy investments in the toning and fitness categories. True, this has been heard before: After Adidas acquired the brand in 2005, it predicted that Reebok would return to growth ...
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Adidas’ Net Income Plunges On 5% Sales Drop But Cash Is Strong
While unveiling its annual results in Herzogenaurach last week, the Adidas Group inaugurated a reporting method that provides more insights into distribution channels and regional markets. The company has further broken down its business with the Adidas and Reebok brands into wholesale and retail sales, matching the management changes that ...
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New Action On Anti-dumping Duties In Eu And Brazil
The EU General Court, the second-highest court in the European Union, rejected last week an appeal filed by a number of footwear makers in China and Hong Kong requesting that it rescind the 16.5 percent anti-dumping duties levied on imports to the EU from China. The Luxembourg court rejected all ...
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Greg Norman’S European Licensee Files For Insolvency
The Greg Norman Collection has taken back its distribution in Europe, following the insolvency last month of its British-based licensee for the region, Severn Under. Tony Wilkinson, who was running Severn Under, stays with the golf apparel brand as its president for the U.K. and Europe, and its distribution partners ...
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Bike Demand Keeps Accell In Good Shape
Strong demand across many categories helped Accell Group, the Dutch bike company, to boast a 6.0 percent increase in sales to €572.6 million for the 2009, 5.0 percent of which was organic. The net profit grew by 15.2 percent to €32.7 million. Operating profit was up by 8.0 percent to ...
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Neil Pryde Launches Bikes
Neil Pryde plans to launch its first line of bicycles in the second half of this year. Developed together with BMW Group Designworks USA, it will be offered worldwide through the internet and marketed more specifically in some European countries, such as Germany, France and the Benelux countries, where the ...
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Head Sees Drops Except In Tennis
Head NV has released preliminary figures for the 2009 fiscal year, reporting a 2.1 percent drop in sales to €319.0 million. However, the reported operating profit more than quadrupled to €8.4 million, from €1.9 million in 2008. Net income was €22.3 million, a significant turnaround from the €9.7 million loss ...
