Latest Headlines – Page 488
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Oliver Hundacker has been promoted as joint managing director of...
Oliver Hundacker has been promoted as joint managing director of Erima, the German team sports brand controlled by its present managing director, Wolfram Mannherz. Hundacker, who is 37 years old and was educated in the USA, joined the company in 2000 as head of product. He has been in charge ...
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Scott Lewis will be filling the new position of executive...
Scott Lewis will be filling the new position of executive director at Parasite Design, a French eyewear company launched in 2002. As previously reported, he had decided to leave Oakley after a decade of holding various positions with the company, and was most recently commercial director of the company’s Oakley ...
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In its gradual expansion in Europe, where it has reached...
In its gradual expansion in Europe, where it has reached profitability, K-Swiss plans to set up an Italian sales subsidiary in May or June of this year, with a soft launch for the 3rd quarter and full deliveries for Spring/Summer 2008. It plans to do the same one year later ...
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Icon Health & Fitness, which has not been doing well...
Icon Health & Fitness, which has not been doing well in Germany, is shutting down its German subsidiary in Düsseldorf. It was headed by Mark Richards, responsible also for the UK and recently promoted as European senior operations manager. Instead, the American fitness brand will work from July 2007 through ...
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Speedo has given the master license for China and Taiwan...
Speedo has given the master license for China and Taiwan to Symphony Holdings, starting immediately. Mizuno previously had the license for these territories as well as for Japan, where Mitsui has become Speedo’s new partner, in combination with Goldwin. Symphony has been managing the Reebok brand in China since 2004. ...
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For $1.75 million in cash Crocs has entered the surf...
For $1.75 million in cash Crocs has entered the surf and skate market through its acquisition of Ocean Minded, a producer of EVA and leather sandals for the beach and for action sports. The closed deal carries a potential earn-out of up to $3.75 million based on certain earnings targets ...
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Umbro is paying $16.5 million for another 15 percent stake...
Umbro is paying $16.5 million for another 15 percent stake in Win Hanversky Group, its licensee for China, Hong Kong and Taiwan. The deal is expected to close within the next 14 days. Combined with a 25 percent equity purchase in October of 2005, Umbro will hold a 40 percent ...
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Oakley’s net income dropped by about 20 percent to $7,668,000...
Oakley’s net income dropped by about 20 percent to $7,668,000 in the 4th quarter, ended Dec. 31, despite an increase in sales of 21 percent to $196.4 million. The results were mirrored in the company’s full year, where profits fell by 25 percent to $44,788,000 on a rise in sales ...
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In the nine months ended Dec. 31, ASICS’ net income...
In the nine months ended Dec. 31, ASICS’ net income rose to 12.17 billion yen (€77.0m-$100.1m), as compared to ¥10.97 billion in the year-ago period. Operating income grew by 24 percent to ¥16.67 billion (€105.5m-$137.2m), on revenues that increased by 16 percent to ¥142.21 billion (€900.1m-$1,170.0m). In other news, ASICS ...
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Daiwa Seiko’s net earnings increased by 5 percent to 1.79...
Daiwa Seiko’s net earnings increased by 5 percent to 1.79 billion yen (€11.3m-$14.7m) in the nine months ended Dec. 31. The Japanese company’s operating profit slid by 2 percent to ¥3.49 billion (€22.0m-$28.7m). Sales grew by 13 percent to ¥44.72 billion (€283.0m-$367.9m). Daiwa’s forecast for its full year calls for ...
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Merrell’s global sales grew by 18 percent in 2006, as...
Merrell’s global sales grew by 18 percent in 2006, as compared to our estimate of $307 million for 2005, representing nearly one-third of the total turnover of Wolverine World Wide. However, while the brand is now available in over 100 countries, WWW’s management says the brand is still “underrepresented” in ...
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During the 4th quarter ended Dec. 31, Timberland’s net income...
During the 4th quarter ended Dec. 31, Timberland’s net income fell to $38.3 million, as compared to $46.9 million in the year-ago period. Operating profit dropped by 17.8 percent to $57.5 million, and was down by 12 percent to $60.6 million excluding restructuring costs. Sales outside of the USA climbed ...
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Brunswick Corp. is forecasting mid-single digit growth in its fitness...
Brunswick Corp. is forecasting mid-single digit growth in its fitness and bowling segments this year, but operating margins are forecast to fall by at least 100 basis points, partly because of inflationary pressures on raw materials and higher effective tax rates. Sales across Brunswick’s various sporting divisions had mixed results ...
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Johnson Outdoors made a net loss of $2.112 million against...
Johnson Outdoors made a net loss of $2.112 million against a loss of $1.094 million in its 1st quarter, which ended last Dec. 31. Total sales slid by 1 percent to $71.701 million, mainly due to a drop of 4 percent in sales of watercraft to $11.741 million, which caused ...
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Fortune Brands’ golf segment lowered its operating loss to $4.8...
Fortune Brands’ golf segment lowered its operating loss to $4.8 million for the 4th quarter of 2006 from a loss of $6.4 million for the same period in 2005. Sales revenues in the golf segment, which includes Titleist, Cobra and FootJoy, increased by 8 percent to $217.6 million. For the ...
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The bankruptcy court in Massachusetts that is handling the auction...
The bankruptcy court in Massachusetts that is handling the auction of Malden Mills has set Feb. 20 as the date for a decision on its future ownership. It will accept bids from Feb. 15, but they must be higher than the $44 million offered by the newest “stalking horse, “ ...
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Sonny Vaccaro, widely considered to have been one of the...
Sonny Vaccaro, widely considered to have been one of the most influential people in basketball over the past 40 years, is retiring from the shoe industry and from the organization of summer basketball events. He ended his affiliation with Reebok as its senior director of grassroots basketball in mid-January. Vaccaro, ...
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The Rockport Company is incorporating Torsion, the lightweight arch support...
The Rockport Company is incorporating Torsion, the lightweight arch support system that was first launched by Adidas in 1989, into 25-30 of its Rockport styles for Fall 2007. The retail collection will be delivered to specialty retailers and premium independents in September. Adidas has already sold 50 million pairs of ...
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Bonnier AB, a Swedish-based media conglomerate with a strong position...
Bonnier AB, a Swedish-based media conglomerate with a strong position in the Nordic countries, is expanding in the USA through the takeover of Time4 Media and The Parenting Group, two properties of Time Inc. that publish 18 titles including Field & Stream, Skiing, SKI and TransWorld in the USA. They ...
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Sportitaly, the new Italian sporting goods show being held in...
Sportitaly, the new Italian sporting goods show being held in Bolzano next Feb. 18-20, will accommodate a total of 150 companies representing almost 250 brands, occupying the whole rented gross surface of 13,000 square meters, or 5,500 sqm. net. Of those, 47 percent offer mostly clothing, 42 percent hardware and ...
