All News briefs articles – Page 961
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News briefs
Skechers reports a 30 percent increase in sales to $388.6...
Skechers reports a 30 percent increase in sales to $388.6 million for the fourth quarter ended Dec. 31, and its net income was $26.4 million, an impressive improvement over the $21.5 million loss for the period in 2008. The gross margin soared by 16.8 percentage points to 48.7 percent. For ...
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News briefs
Through December, revenues were off by 6 percent in local...
Through December, revenues were off by 6 percent in local currencies for Descente’s first nine months of its financial, coming in at ¥55.86 billion (€451.7m-$613.6m), and operating income plunged by 49 percent to ¥2.20 billion (€17.8m-$24.2m). Net income was down a third to ¥1.52 billion (€12.3m-$16.7m). Extrapolating to get figures ...
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News briefs
Amer Sports indicates that it is open for acquisitions or...
Amer Sports indicates that it is open for acquisitions or divestitures. Meanwhile, the company’s board of directors has authorized two new share-based incentive plans for key personnel. Payments in cash and shares will be made based on the results through 2014 as part of a “performance share plan” reserved for ...
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Acrecent, which distributes Billabong in Sweden, has added Northwave and...
Acrecent, which distributes Billabong in Sweden, has added Northwave and Drake to its brand portfolio.
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News briefs
Spyder Active Sports has sold its Cloudveil Mountain Works to...
Spyder Active Sports has sold its Cloudveil Mountain Works to Windsong Brands, a private equity firm. The deal includes intellectual property as well as all assets. Spyder, which bought Cloudveil from Fila in 2008, will continue to handle support, shipping and customer service through the spring season, and Windsong will ...
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News briefs
Plans adopted by Intersport Nederland to tighten its central organization...
Plans adopted by Intersport Nederland to tighten its central organization and to make the buying group more hard-hitting fueled abundant speculation among Dutch retailers at Ispo. As reported in our previous issue, the plans were approved just a few days ahead of the fair by a large majority of Intersport ...
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News briefs
Invista is planning a big advertising campaign to support the...
Invista is planning a big advertising campaign to support the launch in Europe of a new Lycra Sport brand for high-performance, sports-specific stretch fabrics.
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News briefs
Björn Borg, the Swedish men’s wear company named after the...
Björn Borg, the Swedish men’s wear company named after the famous tennis player, has signed a letter of intent to license its footwear business to Trend Design Group, although it will retain the distribution of the footwear line in Sweden and Finland. For the last quarter of 2009, the company ...
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News briefs
Trek has settled a lawsuit launched against Greg LeMond after...
Trek has settled a lawsuit launched against Greg LeMond after he accused Lance Amstrong of doping in 2008. Trek, which has not been making LeMond bicycles since then, has agreed to make a couple of $100,000 donations to a charity, supported by LeMond, aiding men who are victims of sex ...
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News briefs
Polar has signed a distribution agreement with Sport Agent in...
Polar has signed a distribution agreement with Sport Agent in Slovenia, covering also the markets of Serbia, Croatia, Montenegro, Kosovo, Bosnia-Herzegovina and Macedonia, and with Living Well for Romania.
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News briefs
Jose Altiveros has replaced Anders Ähnborg as sales director of...
Jose Altiveros has replaced Anders Ähnborg as sales director of Klättermusen for the German-speaking countries.
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News briefs
Airesis, parent company of Le Coq Sportif and Boards &...
Airesis, parent company of Le Coq Sportif and Boards & More, has conducted an equity increase through the conversion of a loan of 756,000 Swiss francs (€515,000-$705,350) into 945,000 new shares that have been added to the 53,850,000 shares already outstanding. The equity increase has raised only marginally the joint ...
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News briefs
Aldo Zanin, a wealthy entrepreneur from the Montebelluna area of...
Aldo Zanin, a wealthy entrepreneur from the Montebelluna area of Italy, has made an investment of about €5 million to refinance Northwave, acquiring an unspecified minority share in the firm, which is still controlled by the Piva family, after selling his wine business, Mionetto Spumante, His daughter, Manuela Zanin, has ...
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News briefs
Shimano’s European Group has consolidated all of its European sales...
Shimano’s European Group has consolidated all of its European sales and marketing activities for the Shimano, Pro and Aim brands of bicycle components into one single organization, based in the Netherlands and run by Frank Peiffer. Shimano Europe BV will oversee sales and marketing at the OEM and wholesale levels ...
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News briefs
Nike has extended its sponsorship deal with the NBA, allowing...
Nike has extended its sponsorship deal with the NBA, allowing the brand to use the league and some players in ad campaigns worldwide.
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News briefs
David Udberg, managing director of Lowe Alpine U.K., has been...
David Udberg, managing director of Lowe Alpine U.K., has been elected president of the European Outdoor Group, chairing a new multi-national board of directors where each member will take on specific responsibilities. Each director will work on specific areas together with Mark Held, who remains as secretary general of the ...
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News briefs
GPG, a big French distributor that already markets brands such...
GPG, a big French distributor that already markets brands such as Pony, Trezeta and Avia in the country, has taken on the distribution of JanSport, the higher-end brand of backpacks of VF Corp., which had been sold to only a few French accounts from the company’s Belgian office.
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News briefs
Herbalife, the American weight loss and nutrition company, has sued...
Herbalife, the American weight loss and nutrition company, has sued Adidas America in a Los Angeles court, saying that Adidas has deliberately interfered with its contractual agreements with Anschultz Entertainment Group, owner of the Los Angeles Galaxy football team. Herbalife claims that Adidas, which supplies apparel for the teams affiliated ...
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News briefs
For the first time, the Amundsen Sports brand showed at...
For the first time, the Amundsen Sports brand showed at Ispo. Its inventor, Jørgen Amundsen, is a relative of Norway’s Roald Amundsen, the first person to have ever set foot on the South Pole. He also holds a couple more records. The younger Amundsen is offering a small collection using ...
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News briefs
Andy Cox, formerly with Debut Sport & Leisure, is the...
Andy Cox, formerly with Debut Sport & Leisure, is the new sales director of Animal.
