All News briefs articles – Page 1017
-
News briefs
Female skiers are the focus of several new products and...
Female skiers are the focus of several new products and technologies to be showcased by Völkl, the German winter sports company, at the upcoming Ispo. They include the Bio-Logic concept, which is meant to increase the athletic performance of female skiers while reducing pressure on the knees, which causes almost ...
-
News briefs
Paul Fireman, the founder of Reebok, has sued his longtime...
Paul Fireman, the founder of Reebok, has sued his longtime financial adviser, alleging that he stole more then $25 million from his family and his charitable foundation. Fireman charges Arnold Mullen with theft, racketeering and fraud. Mullen has been Fireman’s financial adviser for two decades. Mullen’s lawyer denied the charges ...
-
News briefs
TheRedFlag, the new trade show format of Messe München for...
TheRedFlag, the new trade show format of Messe München for fashion retailing, now has a date and a location: It will take place at the MVG-Museum, the museum of the city’s public transport network, next June 24-26. The location offers an exhibition surface of about 5,000 square meters.
-
News briefs
Triumph International, the huge German manufacturer of lingerie, is introducing...
Triumph International, the huge German manufacturer of lingerie, is introducing a line of sportswear. The new offer, which targets the female fitness enthusiast, is labeled Triaction Fitness. Triaction is already Triumph’s sporty brand, but used to be limited to bras and underwear. The fitness line includes tank tops, shirts, shorts ...
-
News briefs
Puma plans to open 140 retail stores in India by...
Puma plans to open 140 retail stores in India by 2015. It is part of a joint venture with Knowledge Fire, which is owned by RGN Swamy. Puma will own 51 percent of the business. There should be 40 of the stores, carrying Puma apparel, shoes and accessories, by the ...
-
News briefs
K2 Sports has bought Zoot Sports, a 25-year-old marketer of...
K2 Sports has bought Zoot Sports, a 25-year-old marketer of performance sports apparel and footwear. Based in California, where it will remain, it is distributed in 22 countries. It markets triathlon apparel for swimming, biking and running, and in November it launched a line of compression apparel that Major League ...
-
News briefs
New Balance names Chris Quinn, a 20-year veteran of consumer...
New Balance names Chris Quinn, a 20-year veteran of consumer products companies, to be its new executive vice president for sales, replacing Fran Allen. Quinn was most recently a senior vice president for sales at Folgers Coffee. Elsewhere, Trevor Masson is the new general manager of New Balance Canada. There, ...
-
News briefs
Callaway Golf says its sales for the 2008 financial year...
Callaway Golf says its sales for the 2008 financial year will show a decline to $1.117 billion from $1.125 billion in 2007, but the company will meet its earnings guidance of $0.93-95 per share ($60 million), roughly flat with 2007 earnings but about 6 percent up in terms of earnings ...
-
News briefs
Reebok has announced that it plans to lay off 300...
Reebok has announced that it plans to lay off 300 staff members in North and Latin America. It was reported that 113 of the positions were in Massachusetts, and that there were cuts in sales and marketing departments, though specifics were not released. The chief executive of the brand, Uli ...
-
News briefs
Emanuele Gerli, 37, who has worked for Décathlon Italia and...
Emanuele Gerli, 37, who has worked for Décathlon Italia and Cassin, joins the Oberalp group as Italian sales manager for Dynafit and for Salewa’s equipment and footwear lines. He takes over two of the responsibilities of Stefan Rainer, who will concentrate on Salewa’s textiles collection, which represents the biggest portion ...
-
News briefs
TaylorMade-Adidas Golf is eliminating 70 positions across all areas, less...
TaylorMade-Adidas Golf is eliminating 70 positions across all areas, less than a month after announcing that it would be laying off 170 employees over the next year related to the company’s acquisition of Ashworth in November. It is unknown if the 70 positions newly announced are part of the 170. ...
-
News briefs
Rumors have not stopped recently about a possible new bicycle...
Rumors have not stopped recently about a possible new bicycle show in Munich, perhaps as early as July 2009. The situation on the European cycle show landscape changed dramatically last year when Koelnmesse decided to halt its Ifma show and to leave this business to Messe Friedrichshafen, the organizer of ...
-
News briefs
Columbia Sportswear’s chief accounting officer, Thomas B. Cusick, is to...
Columbia Sportswear’s chief accounting officer, Thomas B. Cusick, is to be the company’s new vice president, chief financial officer and treasurer effective Jan. 23. Cusick started as corporate controller in September 2002. He replaces Bryan L. Timm, who was promoted to chief operating officer and then executive vice president last ...
-
News briefs
Adidas Group has taken full ownership of Reebok in Spain...
Adidas Group has taken full ownership of Reebok in Spain as planned on Jan. 1. Adidas previously held a majority stake in the Spanish operation, which generated sales of about €70 million last year. The balance was held by the former two controlling shareholders, Francisco Borja and Oriol Rovira. Borja, ...
-
News briefs
Adidas has unveiled the latest version of its minimalist soccer...
Adidas has unveiled the latest version of its minimalist soccer boot, adiPURE II. It will be immediately donned on the pitch by Kaka, the Brazilian star of the AC Milan team. who inspired the boot’s original design. Press reports indicate that he may migrate to the Manchester City or Real ...
-
News briefs
The Norwegian ski sector does not seem visibly affected by...
The Norwegian ski sector does not seem visibly affected by the financial crisis thanks to more snow than usual for the early winter season. Gresvig, the company behind G-Sport, Intersport and Sportshuset retail chains in Norway, represents 50 percent of ski-related sales in the country and reported 37 percent higher ...
-
News briefs
Shimano American Corporation has completed its purchase of Innovative Textiles,...
Shimano American Corporation has completed its purchase of Innovative Textiles, which makes the PowerPro braided fishing line. Shimano plans to expand the business, which is already strong in the USA, throughout the rest of the world. Innovative Textiles’ manufacturing facility and staff will remain at their location in Colorado, while ...
-
News briefs
Marty Samuels has stepped down as president of the Americas...
Marty Samuels has stepped down as president of the Americas region of Quiksilver. He had been with the company for 12 years. Craig Stevenson, a 16-year veteran of the company, has been appointed interim president. He was previously global president of the Quiksilver brand and of the company’s South Asia ...
-
News briefs
Wolverine World Wide has announced a restructuring plan to help...
Wolverine World Wide has announced a restructuring plan to help weather the current economic problems. In addition to cutting 450 jobs, it plans to consolidate its European distribution operations into one facility and its North American centers into existing warehouses. While realigning its U.S. manufacturing operations to focus more on ...
-
News briefs
Citing higher than anticipated cancellations, lower than expected at-once orders...
Citing higher than anticipated cancellations, lower than expected at-once orders and softness in its internet business, Under Armour lowered its forecast for the fourth quarter to sales of $179 million to $180 million from prior indicated guidance of $204-219 million, about 15 percent less than forecast in the third-quarter earnings ...
