Latest Headlines – Page 496
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Buoyant Winter Sports And Diving Businesses Lift Head’S Results
Head’s operating and net income soared by more than 60 percent in the 3rd quarter, reaching levels of €15,351,000 and €9,633,000, respectively, on 11 percent higher revenues of €111,946,000 accompanied by an improvement of 270 basis points in the group’s gross margin to 40.6 percent.For the first nine months of ...
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K2 Records Improved Results
Higher sales of Marmot apparel, coupled with decent turnover from its action sports segment, helped boost K2’s total revenues by 4.9 percent to $356.9 million in the 3rd quarter, ended Sept. 30. The gross margin expanded by 180 basis points to 38.6 percent. Improved manufacturing efficiencies helped adjusted net income ...
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Callaway Partners With Retailers In The Usa To Sell Products Online
Callaway Golf will use a network of nearly 300 authorized dealers in the USA to offer its complete line of Callaway and Odyssey branded products to consumers online through a new website called shop.callawaygolf.com. An automatic algorithmic selection mechanism will place the consumer directly in contact with the retailer that ...
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Warnaco Sells Op To Iconix
Iconix, a U.S. company that has become a licensing specialist, will pay $54 million in cash and notes for the historic Ocean Pacific brand, and it will grant Warnaco a license for the women’s and junior swimwear categories. Warnaco is the U.S. licensee of Speedo and has many other swimwear ...
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New Golf Equipment Conglomerate Acquires Outlook Sports
A new British golf equipment company, Equiam Ltd., has secured the rights to the Lynx, Hippo, Howson, Progen and Fazer golf brands following the financial problems of Outlook Sports, the brands’ previous owner, which went into administration – a form of insolvency or Chapter 11 bankruptcy - in September. Equiam ...
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German Running Retail Specialist Sets Up Its Own Production In Europe
The brothers Ulf and Lars Lunge, who run four specialized running stores in Hamburg and two in Berlin under their family name, are launching the production of their own footwear line at a factory in Germany. They had already tried to market shoes made in Far East under their own ...
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Accell Fitness Gains Market Shares, Takes Over Distribution Here And There
This new division of Accell Group, which generated revenues of €32 million in 2005, is fairly certain to qualify as the second-largest supplier of home fitness equipment in Europe this year after Kettler, as its growth rate being posted for the full 12-month period will be higher than the 30 ...
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Oakley Adds New Styles And Makes Higher Profits
Oakley has opened its first German store, located in the Europa-Passage shopping center of Hamburg and measuring 120 square meters. Oakley's 6-year-old German subsidiary at Ismaning near Munich, which is also responsible for Austria and Poland, is also taking over the distribution in Switzerland from Sevysa Sport. A new Swiss ...
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Timberland’S Profits Get Booted
In the 3rd quarter, net income dropped by 25.0 percent to $69,152,000, on revenues that slid by 0.6 percent to $502,980,000. Revenues would have fallen further – by about 4.5 percent – without the company’s acquisition of Smartwool earlier this year and positive effects from foreign currencies. Sales outside of ...
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Crocs Acquires Exo Italia
The fast-growing American footwear company has bought EXO Italia, a firm based in Padua that specializes since 1993 in the design and production of products based on Ethylene Vinyl Acetate (EVA), primarily for the footwear industry. It’s Crocs’ first acquisition of a manufacturing facility in Europe, and the company has ...
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Adidas Will Consolidate Nordic And Central European Operations
In its ongoing effort to tighten up European operations, Adidas plans to integrate the logistics for all the Nordic and Baltic countries into its Central European structure. These 8 countries belong to Area Nordic, run from Stockholm by Patrik Nilsson since three years ago, with a single warehouse in Norköping, ...
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Mike Ashley Gobbles Up 29.4% Of...
Mike Ashley, the secretive British billionaire whose Sports World/Sports Soccer chain became the UK’s largest sporting goods retailer even before some minor acquisitions in the British retail landscape earlier this year, revealed last week that it has become Blacks Leisure Group’s largest single shareholder. Blacks is the country’s largest outdoor ...
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Tecnica Group Buys Blizzard
Acting through its 100 percent owned Nordica subsidiary, Italy’s Tecnica Group has acquired a 66.66 percent stake in Blizzard, one of the best-known Austrian ski suppliers, from the Raffeisen Bank. The balance of the shares will be held by Karl Hofstatter, who remains as chief executive of the Austrian ski ...
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Elan Partners With Dalbello In The Usa
The Slovenian ski company has extended its partnership with Dalbello, the Italian ski boot maker, to cover the United States from the beginning of next year, forming a joint venture that would like to become the largest joint supplier of boots and skis in the American market.The two companies are ...
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Salomon’S Delivery Problems Push Down Amer’S Results
The integration of Salomon is hitting some snags and Wilson’s golf business is not yet out of the woods, but Amer Sports’s management is confident that these businesses will eventually comply with the group’s standards, which call for a 10 percent operating margin and annual sales growth of at least ...
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Mcgregor Golf Buys Greg Norman
Adidas has sold the Greg Norman Collection (GNC), the golf apparel operation that came with its recent acquisition of Reebok International, to MacGregor Golf, the golf equipment company. Adidas, which said that GNC wasn’t fitting into its overall golf scheme, will hold on to the Greg Norman Collection retail chain, ...
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Vf Corp. Will Pass The $7 Billion Mark
The revenues of VF Corporation’s Outdoor Coalition climbed by 25 percent to $659 million in the 3rd quarter, ended Sept. 30, with the Vans, Napariji, The North Face and Eastpak brands all increasing by more than 20 percent. The segment’s operating income was up by 25 percent, too. Revenues outside ...
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Bread & Butter Shutters Berlin Edition
The Berlin edition of Bread & Butter scheduled for next Jan. 26-28 has been cancelled due to a lack of sufficient registrants for the show, which has become more and more national in scope since the recent launch of B&B Barcelona. Karl Heinz-Müller, president and founder of B&B, said that ...
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Jjb Sports Gets More Technical Than Jd, Loses Price-fixing Case In Court
JJB Sports is projecting a more technical image in the difficult British market by selling more sports equipment than its main competitors and by teaming up with big brands like Adidas and Nike or with promising new ones such as Under Armour in offering their more technical performance products. ...
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Top French Court Reverses Ruling On Adidas’ Sale To Louis-dreyfus
In yet another spectacular twist, the court saga around the controversial sale of Adidas to Robert Louis-Dreyfus back in February 1993 continues to hold French lawyers, politicians and tax-payers spellbound. Last year a Paris Appeal Court had awarded unprecedented damages of €135 million to Bernard Tapie, previous owner of Adidas, ...
