All News briefs articles – Page 1117
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News briefs
Swany Europe, a 3-year-old company based in Switzerland, has taken...
Swany Europe, a 3-year-old company based in Switzerland, has taken over the distribution of the American brand of medium-high-priced sports gloves from Trisport. The brand is now distributed in many important European markets – Austria, France, Spain, Italy, the Netherlands and Sweden – and the company’s general manager, Martin Haldimann, ...
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News briefs
Chinese authorities seized $57,682 worth of counterfeit golf inventory at...
Chinese authorities seized $57,682 worth of counterfeit golf inventory at Xie Fu Ping, a golf retailer in Shanghai. The counterfeit goods had trademarks of members of the U.S. Golf Manufacturers Anti-Counterfeiting Working Group, which includes Acushnet, Callaway Golf, Cleveland Golf, Nike, PING and TaylorMade. The retailer was convicted for sale ...
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News briefs
Oakley’s accountants made a mistake. The company has to restate...
Oakley’s accountants made a mistake. The company has to restate its financial information from 2000 to 2004 because of blunders in documenting foreign currency hedging activity during the period. The corrections will not affect Oakley’s overall results, but will delay the release of its audited 2005 report until just before ...
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News briefs
Oakley has signed a deal to acquire OSA Holding and...
Oakley has signed a deal to acquire OSA Holding and its retail subsidiary, The Optical Shop of Aspen, which comprises 14 luxury eyewear stores in the USA. Larry Sands, who founded OSA in 1970, will continue as chief executive of the retail network, which will be run independently from Oakley’s ...
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News briefs
Camelbak Products has acquired Southwest Motorsports Enterprises, a primary manufacturer...
Camelbak Products has acquired Southwest Motorsports Enterprises, a primary manufacturer of combat gloves for the U.S. military. Martina Hutchinson will now head up Camelbak’s tactical glove business as vice president of protection products. The company will display two new glove designs during the 2006 SHOT show in Las Vegas. The ...
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News briefs
The adaptation of a new enterprise resource planning (ERP) system...
The adaptation of a new enterprise resource planning (ERP) system to Nautilus’ foreign operations has been postponed until 2007, after discovering material weakness in the related internal controls during its implementation in the USA during the 4th quarter of 2005. These findings have led the company to adjust its 4th ...
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News briefs
Intersport Italia has extended its special deal with Adidas Italia...
Intersport Italia has extended its special deal with Adidas Italia for another three years. After the FIFA World Cup, for which Adidas has a special contract with Intersport at the international level, involving football-specific special make-ups and other cooperative ventures, Adidas will work together with Intersport in Italy on other ...
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News briefs
Antoine Saticq, the former French country manager of Adidas who...
Antoine Saticq, the former French country manager of Adidas who is now running Le Coq Sportif under its new ownership, has hired several former Adidas executives to help reach some very ambitious goals. Nicolas Menrath and Christophe Grandjouan, who worked with him at Adidas, are now part of his team. ...
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News briefs
Alpen is now set to go public on the Tokyo...
Alpen is now set to go public on the Tokyo stock exchange on March 24, offering 13 million shares at 4,000 yen (€28.29-$33.63) each. The price represents 21.5 times projected earnings per share of 186.25 yen for the financial year ending next June 30. The big Japanese sporting goods retailer ...
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News briefs
Kant, another big Russian sporting goods retailer and wholesaler, has...
Kant, another big Russian sporting goods retailer and wholesaler, has appointed two former executives of Sportmaster to run its activities in the winter sports segment. Slava Siletskly will be in charge of all the alpine ski activities and Olga Padelskaya will run its snowboard operations. They were both previously running ...
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News briefs
Elmar Klinge, formerly associated with the Umbro brand in Germany,...
Elmar Klinge, formerly associated with the Umbro brand in Germany, is now selling Under Armour’s product range in Germany and Austria through his company, Main Sport of Hösenbach. Under Armour, which recently went public, posted decent results for the 4th quarter of 2005 and the full year ended Dec. 31, ...
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News briefs
The European Fishing Tackle Trade Association (EFTTA) has performed more...
The European Fishing Tackle Trade Association (EFTTA) has performed more tests on the strength of various companies’ fishing lines and found that many have a deceiving breaking strength. The EFTTA puts its label of approval on spools of fishing line that meet its requirement of falling within plus or minus ...
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News briefs
Visitors’ attendance at the Soltex show in Manchester last Feb....
Visitors’ attendance at the Soltex show in Manchester last Feb. 19-22 declined to 2,356 people, down 12 percent from last year. On the other hand, some 130 industry officials turned up at the annual general meeting of Snowsports Industries of Great Britain, which owns the event. They discussed ways of ...
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News briefs
Quiksilver and the Rossignol Group are beginning to warn some...
Quiksilver and the Rossignol Group are beginning to warn some employees in various European countries, including Germany and Italy, that they may lose their jobs in connection with the planned reorganization and regrouping of the logistics and other back office functions. For example, Rossignol’s German subsidiary will probably shut down ...
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News briefs
Dahon, the largest manufacturer of folding bicycles in the world,...
Dahon, the largest manufacturer of folding bicycles in the world, has been granted membership to the A-Team, Taiwan’s leading cycling industry association. One of the Taiwanese company’s models, the Ciao, was named as the Dutch bike of the year by a professional jury at the Fiets RAI Show in the ...
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News briefs
Sportmaster, the biggest factor in the Russian sporting goods retailing...
Sportmaster, the biggest factor in the Russian sporting goods retailing landscape, is reportedly getting ready for a possible public offering. The company reportedly reached sales of about $600 million in 2005, three-quarters of which was through its own stores. Meanwhile, Dmitry Ageev has left after 11 years with the group ...
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News briefs
Dorotennis is re-launching its branded line of footwear for the...
Dorotennis is re-launching its branded line of footwear for the Fall/Winter 2006/07 season through a licensing agreement with a French company, Nordsud, which will handle its distribution. Design, product development, production and logistics have been sub-licensed to a French shoe producer, Chaussures Maurice. Specializing in women’s footwear, Dorotennis previously sourced ...
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News briefs
Killick Datta, chief executive and major shareholder of GBMI, plans...
Killick Datta, chief executive and major shareholder of GBMI, plans to sell a stake of about 25 percent in his company within this year to help boost further growth, partly through new acquisitions. There have been no discussions yet with potential new partners. GBMI, which controls Pony and has the ...
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News briefs
The Chinese Supreme Court has designated a new Judicial Court...
The Chinese Supreme Court has designated a new Judicial Court of Intellectual Property to to combat the growing counterfeit market in the country. The Chinese government is evidently responding to strong pressure from the USA and other countries to stem product piracy in connection with its accession to the World ...
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News briefs
There are some new indications that the European Commission may...
There are some new indications that the European Commission may make its final decision on anti-dumping duties for leather shoes from China and Vietnam as early as tomorrow, after consulting the member governments on the issue. Several governments, including the Austrian, Danish and German ones, are firmly against the duties. ...
