Latest News – Page 31
-
Article
Under Armour continues staff rejig
Under Armour has reinforced its management team with two appointments, but it has earmarked an enlarged budget for an estimated 400 extra layoffs this year.Under Armour already announced a round of 277 staff cuts last year to shift its resources to more productive areas, such as international expansion and online ...
-
Article
Chinese investors show interest for Amer Sports
Confirming media speculation, Amer Sports announced this morning that it has received a non-binding preliminary indication of interest from a consortium comprising Anta Sports Products and an Asian private equity firm, FountainVest Partners, in view of acquiring its entire share capital for €40.00 a share in cash. That would be ...
-
Article
Amer Sports’ cycling division comes under strategic review
The cycling division of the Amer Sports group, which includes the Mavic and Enve brands, has been placed under strategic review, the company said last week as part of an update on its transformation and its assets.The Finnish group behind Salomon, Arc'teryx, Atomic, Wilson and many other brands told analysts ...
-
Article
Adidas Group raises profit margins
Sharp sales increases in China and North America bolstered the Adidas Group's turnover and profits in the second quarter, but it was affected by a faster than projected slowdown in Europe and declining sales for the Reebok brand.The group reported a 4.4 percent sales increase to €5,261 million for the ...
-
Article
Adidas appoints new European leader after a slowdown in the region
The Adidas Group has replaced its management in Western Europe, due to unspecified distribution issues that apparently caused it to slow down more rapidly than anticipated in the company's second-largest regional market in the second quarter.Arthur Hoeld, who previously helped to build up Originals for the Adidas brand, was appointed ...
-
Article
Vulcabras recovers in women’s shoes, works with Under Armour
Vulcabras Azaleia, which derives most of its revenues from the affordable Olympikus brand of sports shoes, has announced the start of negotiations for the acquisition of Under Armour's five-year-old Brazilian sales subsidiary. Under a joint licensing and operating agreement, Vulcabras will become the exclusive distributor and licensee of the American ...
-
Article
Soaring sales and profit for Anta
While investing to upgrade its flagship brand, Anta Sports Products has accelerated its expansion with a sales growth of 44.1 percent to 10,553.5 million yuan renminbi (€1,341.9m-$1,521.8m) for the first half of this year, which led to an unprecedented profit for the Chinese group.The company's gross profit margin firmed up by ...
-
Article
Under Armour progresses with a clean-up
Under Armour returned to growth in North America and managed an ample sales rise in international markets in the second quarter, but its profitability was impacted by restructuring measures. The company has identified additional cutbacks and investments worth about $80 million, which should raise restructuring and related charges to between ...
-
Article
Mixed performance for Amer Sports
Weaker demand for ball sports products and fitness equipment from the Amer Sports group led to a dip in sales and an operating loss in the seasonally small second quarter, but its sales in the second half should be supported by a double-digit hike in orders of winter sports equipment, ...
-
Article
Adidas challenges Rockport’s sale
A U.S. equity fund, Charlesbank Capital Partners, has emerged as the only bidder for most of the assets of the bankrupt Rockport Group, including its intellectual property rights for the Rockport, Aravon and Dunham brands, its sales operations in Europe and Asia and its other global wholesale and e-commerce businesses. ...
-
Article
Under Armour appoints regional managers
Under Armour has restructured its international management to appoint three regional directors and expand its head office for Asia-Pacific in Hong Kong, as part of the group's plans to drive its international sales.The changes widen the remit of Massimo Baratto, the former chief executive of the Oberalp Group, who joined ...
-
Article
Columbia keeps OutDry to itself
Columbia Sportswear, which acquired OutDry Technologies eight years ago, quietly decided to take no more orders for the waterproof-breathable membrane placed by any of its 50-plus external clients after May 15. The company will continue to use the special lamination technology only for the products of its own brands, including ...
-
Article
Vans is still driving VF Corp’s growth
The Vans brand continues to lift VF Corporation's results. The brand's sales for the three months ended March 31 jumped by 45 percent in dollars and by 39 percent in local currencies, with balanced growth across regions and channels. In reported dollars, Vans' turnover was up by 53 percent from ...
-
Article
Under Armour posts mixed results
Lifted by its growth abroad, Under Armour posted a sales increase of 6 percent to about $1,200 million for the first quarter, up by 4 percent in constant currencies. The increase was entirely driven by international markets, which grew by 27 percent - or by 19 percent in constant currencies ...
-
Article
Amer Sports is buying Peak Performance
Peak Performance is to be acquired for about €255 million by the Amer Sports group, complementing the apparel offerings of Arc'teryx and Salomon with those of a more urban and women-oriented brand that has plenty of room to expand in international markets.The Swedish brand of ski, outdoor, golf and fashion ...
-
Article
Amer Sports cuts back on footwear distribution
Sales of outdoor shoes declined at the Amer Sports group in the first quarter, as the owner of the Salomon brand continued to clean up its distribution, in an effort to reduce promotional sales.Footwear sales were down by 9 percent to €141.1 million for the three months, which was a ...
-
Article
Columbia grows the most in Europe
Out of all the regions where Columbia Sportswear operates, Europe recorded the largest revenue growth in the first quarter of 2018, helping the U.S. outdoor group to post record profits and margins. Continuing the strong performance registered during the fourth quarter of last year, sales soared in the first three ...
-
Article
Boardriders outlines its new management structure
Without waiting for the formal closing of its acquisition of Billabong International, which took place as planned on April 24, Boardriders announced the establishment of a new leadership team that includes existing managers from the two groups and two external recruits. It does not include Neil Fiske, the former chief ...
-
Article
Adidas’ growth slows down in Europe
The Adidas Group has seen a slowdown in its sales growth in Europe and in Originals in the first quarter of this year, but the company held on to its guidance due to robust expansion in North America and China as well as further margin improvements.The group's sales were up ...
-
Article
Zion Armstrong takes the lead at Adidas North America
Zion Armstrong, who has played a pivotal part in the Adidas brand's expansion in North America in the last three years, is to take over as president of Adidas North America at the start of July, after the retirement of Mark King.The Adidas Group said that King decided to step ...
