Latest Headlines – Page 497
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Reshuffle At Adidas Sees New Faces In Athens, Madrid And Football
A senior executive reshuffle at Adidas will alter the brand’s leadership in Spain and Greece as well as in football. Jimmy Weigl, the company’s international football manager, will move to Madrid from the beginning of next year to become managing director of Adidas Iberia, supervising the brand’s business in Spain ...
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Tennis Bodies Agree To Larger Logos
Before the opening of a court case scheduled for next month, the International Tennis Federation (ITF) and the organizers of all Grand Slam tournaments have come to an agreement with Adidas about the use of the brand’s three stripes on the garments of their endorsees at international tournaments. Adidas ...
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Nike Makes New Appointments
Mark Duggan has been named chief executive of Nike Bauer Hockey, replacing Chris Zimmerman. The latter has agreed to become president and chief executive of another company, Orca Bay Sports & Entertainment, which owns the U.S. National Hockey League’s Vancouver Canucks. Elsewhere within the Nike group, Larry Miller ...
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Fila Gives More Authority To Di Martino After Brilliant Results In Europe
Stefano Di Martino, a former running champion who joined Fila one year ago as president and chief executive for Europe, the Middle East and Africa, sees his responsibilities extended to include marketing and product management on a global basis from Nov. 1. The nomination follows an excellent score in Europe, ...
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Hans Fassnacht Will Steer Arena’S International Expansion
The legendary Hans Fassnacht has agreed to supervise Arena’s efforts to broaden its geographical expansion by acting as the company’s new general international business manager, reporting directly to Cristiano Portas, president and chief executive based in Italy. The 56-year-old former swimming champion has acted since 1992 as vice president of ...
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L-fashion Reorganizes International Sales Operations
International sales management functions have been reshuffled within the Finnish L-Fashion Group to sustain the growth in the revenues of its sports division, which are expected to reach €70 million next year, up from €52 million in 2005 and €60 million in 2006. Total revenues have been rather stable in ...
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Johnson Outdoors Buys A Scottish Paddle Company
Johnson Outdoors has purchased Lendal Paddles from its owners and founders, Alistair and Marianne Wilson. Details on the size of the company and on the transaction were not released, but Johnson says the acquisition will boost its earnings in the 2007-08 fiscal year, after one-time integration costs in the current ...
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Accell Group Utilizes Synergies From Sbs Acquisition
Last year Accell Group’s bike sales in the USA were almost non-existent, but the Dutch-based group is using synergies in the States and in Europe from last February’s acquisition of Seattle Bike Supply, an American company that has an annual turnover of about $36 million. Two of the group’s brands, ...
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Adidas’ Biggest Store In The World Is About To Open In Paris
France may not have been able to win the World Cup for Adidas, but the Three Stripes will continue their parade as the French champion in terms of market share in sports footwear and apparel – 14 percent as compared to Nike’s 11.5 percent according to the latest estimates - ...
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Football And New Markets Boost Lotto
A recovery of its sales on the Italian market, the World Cup of football and continued expansion into new markets helped drive Lotto’s sales up by 12.6 percent to €132.5 million in the 1st half, ended June 30. The company’s sales in Italy, which had been previously flat at best, ...
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Founders Gain More Control In Icon, Whose Losses Decline
The founders of Icon Health & Fitness’ parent company, HF Investment Holdings LLC, have reclaimed their stake in the company, buying up most of the shares held by Bain Capital and Inverness/Phoenix Partners LP. The buyers - Scott R. Watterson, Wen-Chung Ko, Gary E. Stevenson and a company affiliated with ...
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Lafuma Reports Positive Results
Thanks to the contribution from Oxbow, a brand that is being “rapidly” integrated into the group, Lafuma’s overall turnover for the group’s 2006 fiscal year ended Sept. 30 was up by 20.9 percent to €243.0 million. Excluding Oxbow, whose sales were consolidated for only four months in the previous financial ...
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Quiksilver Has Ambitious Goals
Quiksilver set out ambitious sales and profit goals for its various brands at a conference organized by Piper Jaffray/ICR in London last week. Partly in line with the planned expansion, the group has started the construction work to double to 14,000 square meters the office space at its European headquarters ...
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More Than Two-thirds Of The European Surf Market Is In France
The French province of Aquitaine was responsible for €1.1 billion of the €1.48 billion European surf market in 2004-05, according to figures compiled by the Boardsport Local Productive System, a Bayonne-based organization that promotes boardsports, which presented them at EuroSIMA’s annual Surf Summit last month. The size of the ...
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Eu Approves Two Years Of Duties, But New Inquiry Will Likely Stretch Them
Customs authorities throughout the European Union have started to charge anti-dumping duties of 10 percent on shoes with leather uppers coming in from Vietnam and 16.5 percent on those imported from China for a period of two years, following a widely expected decision by the European Council of Ministers. Political ...
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Growing Wolverine Expects $4-5m Extra Costs In 2007 From Duties
Wolverine World Wide has raised its earnings guidance for the current year to the equivalent of $84.8-86.6 million on revenues of $1,120-1,140 millio, while factoring in the impact of the European anti-dumping duties. The management says the provisional duties already shaved 2 cents off its earnings per share in the ...
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While Expanding Outside The Usa, Crocs Buys Jibbitz And Fights Against Knock-offs But Some Competitors Deny Charges
With an investment of $10 million, Crocs has bought Jibbitz, the company that accessorizes Crocs’ shoes with snap-on buttons for decoration. The Schmelzer family, which owned this American supplier of footwear accessories, will receive up to an additional $10 million if it meets certain profitability goals. Crocs will recommend Jibbitz ...
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Decathlon Pulls Out Of The Usa
The world’s second-largest sporting goods retailer has decided to pull the plug on its long-drawn experiment in the highly competitive U.S. market, due to a series of problems. Back in August, Décathlon was still prepared to make a major investment there by building a 79,000-square-foot superstore in East Woburn, Massachusetts, ...
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The 67 Global Retail Leaders Grew By 11.3% In 2005
The world’s 67 largest sporting goods specialty chains continued to show double-digit growth in 2005, with their sales rising by 11.3 percent in local currencies and by 10.4 percent in U.S. dollars. The growth rate did not quite match the 12.1 percent rate in local currencies recorded in 2004, but ...
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John David Group Makes Good Progress
The John David Group continues to make encouraging progress in the UK market, judging from the interim figures released last week for the 1st half of 2006 ended July 29, which show a 12 percent increase in total revenues to £235.9 million (€349.0m-$444.6m), as compared to the same period a ...
