All News briefs articles – Page 381
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News briefs
Mavic is up for sale again
Mavic, the French-based producer of bike components, is again up for sale, according to sportguide.com. Candidates to the takeover have been given until June 2 to express their interest in the company, which was divested by Amer Sports in mid-2019. Mavic was placed in receivership at a French court in ...
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News briefs
Store closures end Black Diamond’s strong growth
Store closures due to the pandemic pushed Clarus Corp.’s sales for the first quarter down by 12 percent to $53.6 million. The parent company of Black Diamond, Pieps and Sierra Bullets saw its net income tumble to $36,000, compared with $3.8 million for the three months ended on March 31, ...
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News briefs
Hi-Tec’s weak international sales weigh on Apex’s revenues
Late last year, Apex Global Brands, previously called Cherokee Global Brands, signed several new licensing and distribution contracts for Hi-Tec with partners in Europe, North America and Asia. In Europe, Hi-Tec is now present in major retail chains such as Urban Outfitters and Foot Locker. Initially known as a footwear ...
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News briefs
Le Coq Sportif and its parent book a loss for 2019
Airesis, the Swiss holding company of Le Coq Sportif and Movement Skis, reports a net loss of 11.4 million Swiss francs (€10.8m-£11.8m) for 2019, compared with a loss of CHF 891,000 in the prior year. Consolidated revenues rose by 3 percent to CHF 157.5 million (€149.7m-£162.6m). Le Coq Sportif, in ...
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News briefs
Li & Fung is going private
Li & Fung will be delisted from the Hong Kong Stock Exchange after Friday, May 15. The Chinese sourcing giant has been trading there publicly since 1973. Shareholder endorsed a proposal to allow the founding family to take the company private, with only 2.85 percent of the votes cast against ...
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News briefs
Flat sales at Helly Hansen
Canadian Tire Corp. reports that Helly Hansen booked a 7.3 percent sales decline in the first quarter ended on March 28, largely due to the sharp decline of the Norwegian kroner against the U.S. dollar, which led to a foreign currency loss of $7.0 million for the Canadian group. In ...
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News briefs
Kelme to replace Adidas as Watford’s kit sponsor
Kelme has signed a £10 million (€11.3m-$12.3m) kit deal with Watford, a professional football club that competes in the English Premier League. The news was first unveiled by The Athletic on May 10. The new four-year deal with the Spanish sports brand will replace the current contract with Adidas, which ...
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News briefs
Former Nike manager works for the Higg Index
Higg Co., the developer of the Higg Index for the measurement of the sustainability of textile products, has hired Del Hudson, a former executive of Nike, as its new vice president of marketing and communications. Hudson spent 20 years at Nike on communication and sustainability at various locations. He then ...
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News briefs
Nike supports new wastewater management training
Nike is collaborating with the ZDHC Roadmap to Zero Programme and the Water Environment Federation (WEF) on a new training program that aims to improve water and wastewater management in the textile supply chains around the world. The organizations are collaborating on further developing the WEF training manual, exams and ...
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News briefs
Arc’teryx places a creative Adidas veteran in a top new position
Katie Becker has joined Arc’teryx Equipment as the Canadian outdoor brand’s first vice president in charge of creative operations. Becker comes from Adidas, where she had worked for 12 years, most recently as senior global design director. Prior to that, she held various design positions at Merrell, Helly Hansen and ...
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News briefs
Halti’s CEO is leaving
Sami Kiiski is resigning at the end of July as the chief executive of Halti, a leading a Finnish producer of ski and outdoor clothing. He did not say at this stage what he is going to do next. Halti has launched a search for his successor. Kiiski became the ...
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News briefs
Sun Mountain launches golf bags made from recycled plastic bottles
Sun Mountain, the American brand of golf bags, carts and apparel, has introduced a new range of bags made from recycled plastic bottles. It takes around 25 recycled half-liter plastic bottles to form the fabric of each Eco-Lite stand bag, while it takes 30 to make the cart bag in ...
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News briefs
Trisport appoints new joint chief executive
After Trisport, which has been the exclusive importer of Kettler in Switzerland for 40 years, acquired the fitness equipment patents of the insolvent German brand and the trademark rights for its distribution in Europe in mid-January, the company has appointed Melanie Lauer as its new joint chief executive. Lauer will ...
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News briefs
Pascal Aymar has passed away
Pascal Aymar, a well-known and influential figure in the sports and outdoor sector, passed away on May 6 due to a heart attack. Based in the region of Annecy, the 63-year-old Frenchman was active lately as a consultant, as a vice president of the Outdoor Sports Valley (OSV), the French ...
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News briefs
Colnago has a new owner
Colnago has been sold to Chimera Investments, an investment fund registered in Abu Dhabi, which has acquired a majority share in the Italian bike company. The iconic brand was founded in 1954 by Ernesto Colnago in Cambiago, near Milan, where the company is still headquartered. While the strategic direction is ...
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News briefs
Stronger management for Kettler
Melanie Lauer has joined the executive board of Trisport to help the development of the Kettler brand of fitness equipment in the areas of marketing, logistics, procurement, finance and operations. Lauer, who comes from Conrad Electronic, will serve as one of the Swiss company’s general managers alongside Stefan Christen, who ...
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News briefs
A boom in e-commerce for Kathmandu
Kathmandu, the new owner of Oboz and Rip Curl, said its sales over the internet jumped by between 250 and 300 percent in April because of the coronavirus lockdowns, with the domestic Australian market growing the most. Only two of its 327 stores are now closed, and the company says ...
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News briefs
GoPro’s sales are cut by more than half
In line with its previous warning, GoPro reported a turnover of $119 million in the first quarter, more than half the $243 million level of the year-ago period. The transition to a more efficient and profitale direct-to-consumer model reduced operating expenses mitigating the decline in the gross margin, which was ...
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News briefsStore closures weigh on Johnson Outdoors’ sales and profits
Johnson Outdoors’ earnings for its second fiscal quarter, ended on March 27, declined by 7 percent from the year-ago period to $20.4 million. Total revenues were down by 8 percent to $163.1 million, but the gross margin improved by 1.6 percentage points to 46.1 percent, thanks to stronger pricing and ...
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News briefs
JD’s takeover of Footasylum is blocked
After a more in-depth review of JD Sports Fashion’s acquisition last year of the Footasylum chain in the U.K., Britain’s Competition and Markets Authority (CMA) announced on May 6 its decision to block it, arguing that it would lead to a “substantial lessening of competition nationally,” with higher prices and ...
