All News briefs articles – Page 886
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News briefs
Kelme concluded a successful business year in 2010, with a...
Kelme concluded a successful business year in 2010, with a 35 percent increase in sales to €12 million. The company company would like to increase sales by another 30 percent this year to a total of €16 million. In the first quarter of 2011, total sales were about €4 million. ...
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News briefs
Groupe Lafuma decided last May 25 to issue shares worth...
Groupe Lafuma decided last May 25 to issue shares worth 2.03 percent of its capital, reserved for all of its employees, at a price of €19.11, which was below the current price. The share price of Lafuma has shot up in the last weeks and nearly doubled in the last ...
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About 72.3 percent of Volcom's shares were tendered to PPR,...
About 72.3 percent of Volcom's shares were tendered to PPR, the French luxury and sports lifestyle company, as its extended offer to take over the American skating brand at a price of $24.50 per share in cash expired last Thursday night. Adding other shares tendered pursuant to guaranteed delivery procedures, ...
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Cybex International has been granted an extension until Oct. 3...
Cybex International has been granted an extension until Oct. 3 to regain compliance with minimum requirements to continue to be listed on the Nasdaq stock exchange. The American fitness equipment company fell below the net equity threshold of $10 million a few days ago as its shares traded below $1.00 ...
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News briefs
Norwegian sporting chains experienced a 3.5 percent decrease in turnover...
Norwegian sporting chains experienced a 3.5 percent decrease in turnover during the first quarter of 2011, according to their industry association, Sportsbransjen. This dip followed a six-year period of solid growth every quarter for the Norwegian sporting goods industry. The likely reason for this was the early onset of winter ...
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News briefs
Jack Wolfskin may be sold after all. According to Reuters,...
Jack Wolfskin may be sold after all. According to Reuters, the Blackstone equity fund has started exclusive negotiations over the possible acquisition of the German outdoor apparel and equipment company, which may be concluded by the third quarter of this year. Reuters mentions a potential valuation of €700 million for ...
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News briefs
Puma said that it was taking action to improve working...
Puma said that it was taking action to improve working conditions at factories making Puma products in Cambodia, after one of them saw an outbreak of mass fainting last April. The incident at the footwear factory operated by Heuy Chuen led to an inquiry implemented by the independent Fair Labor ...
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News briefs
Adalbert von der Osten, managing director of the German sporting...
Adalbert von der Osten, managing director of the German sporting goods industry association, BSI, has joined a 12-man advisory committee of the federal environment ministry for the protection of the environment and sport. Environmental issues and initiatives have been in the forefront of BSI's action under von der Osten, particularly ...
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News briefs
The Neo fashion brand launched by the Adidas Group in...
The Neo fashion brand launched by the Adidas Group in 2008, mostly sold in China, India and Russia so far, is to be launched on a larger scale in Europe. Herbert Hainer, the group's chief executive, said that Neo would soon be sold in Adidas stores in Germany, and that ...
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News briefs
Shortly after its decision to invest in a factory in...
Shortly after its decision to invest in a factory in India, Vulcabras is announcing the shutdown of the factory set up at Parobé, in the Brazilian state of Rio Grande do Sul, in 1958 by Azaleia, the big shoe company that it acquired a few years ago. The factory employs ...
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News briefs
Three directors will jointly run AGU, the Dutch bicycle and...
Three directors will jointly run AGU, the Dutch bicycle and sports company, after the retirement of Peter van den Kommer, the group's chief executive and the son of its founder, at the beginning of July. He formerly managed AGU with his brother Jaap, who retired 11 years ago. Dirk de ...
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News briefs
Newton Running, an American brand of “natural running” shoes, has...
Newton Running, an American brand of “natural running” shoes, has drawn an investment of between $10 million and $20 million from Fireman Capital Partners, the private equity firm of Paul Fireman, who built up the Reebok brand and sold it to Adidas five years ago for $3.8 billion. Dan Fireman, ...
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News briefs
Skechers, the American footwear brand, has signed a multi-year licensing...
Skechers, the American footwear brand, has signed a multi-year licensing agreement with an offshoot of Li & Fung to launch a Skechers Fitness apparel range. Formally signed with LF USA, a subsidiary of the Hong Kong-based Li & Fung, the agreement calls for the launch of Skechers-branded activewear, outerwear and ...
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News briefs
Andrea Cannelloni, vice president and general manager of Napapijri, told...
Andrea Cannelloni, vice president and general manager of Napapijri, told reporters in Milan earlier this month that the brand's sales should reach a level of about €140 million for this full year. Owned by VF Corporation, Napapijri enjoyed double-digit sales growth last year, but the company predicts that it will ...
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News briefs
At Intersport Sverige's annual general meeting last month, the retail...
At Intersport Sverige's annual general meeting last month, the retail members of the 50-year-old voluntary group decided to give it a more capitalistic structure – somewhat like the one adopted in France or the one that was recently decided for adoption in Spain. At the end of this year, the ...
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Another tennis champion, Mardy Fish, is joining the list of...
Another tennis champion, Mardy Fish, is joining the list of tennis pros sponsored by Maui Jim, the Hawaiian brand of sunglasses. The 29-year-old American sportsman recently claimed the top spot in men's tennis. He has won five ATP tournaments and reached the finals of three Masters series. Maui Jim also ...
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News briefs
Duca del Cosma, the German golf footwear and apparel brand,...
Duca del Cosma, the German golf footwear and apparel brand, has sealed two distribution agreements to move into the North American market. The brand will be sold in the U.S. market by Moda Sport Sales, based in California, which already distributes Chervò in the country. The Canadian market will be ...
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News briefs
Bruno Rüdisüli has been appointed managing director of Puma's Swiss...
Bruno Rüdisüli has been appointed managing director of Puma's Swiss sales subsidiary, replacing Andreas Schmocke, who left the post at the end of 2010. Rüdisüli, 46, has worked for Adidas and Amer Sports in Switzerland. He ran Salomon's operations in the country for a while and then headed up Amer's ...
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Globe, the Australian skating brand, has appointed Mike Xavier as...
Globe, the Australian skating brand, has appointed Mike Xavier as European marketing director, reinforcing a team of two people. Filling a new position, Xavier previously headed marketing for Globe's surf products in Australia, New Zealand and Asia. The appointment comes as Globe's sales are picking up in Europe: After several ...
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News briefs
James Lillie has become chief executive of Jarden Corporation, the...
James Lillie has become chief executive of Jarden Corporation, the owner of many brands including Coleman, Marmot and K2, as part of the company's plans to split the functions of chairman and CEO. Martin Franklin, who previously held both jobs, will remain as executive chairman, supervising the company's strategy. This ...
