All News briefs articles – Page 997
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News briefs
Trevira, the German-based textile subsidiary bought by Reliance Industries of...
Trevira, the German-based textile subsidiary bought by Reliance Industries of India, has filed for insolvency in a German court. The company makes performance textiles for the sports and outdoor market, but said the reason for its insolvency was its work for the faltering auto industry. Last year Trevira has sales ...
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News briefs
Olivier Cantet is the new group chief executive for Rip...
Olivier Cantet is the new group chief executive for Rip Curl International, effective July 1. The new job will co-exist with his current position as European CEO. He succeeds François Payot, who steps back to his role as founding director on the company’s board after a two-year stint as CEO. ...
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Glenmuir has signed up as official clothing sponsor for the...
Glenmuir has signed up as official clothing sponsor for the final of the Single Figure Golfer (SFG) Challenge Cup, to be played out at the Celtic Manor golf course in the U.K. next Oct. 27-28. The SFG team is composed of amateurs with a handicap of less than 10 who ...
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News briefs
Columbia Sportswear is going to open its second European corporate...
Columbia Sportswear is going to open its second European corporate store in London in September. The store is located on the prestigious Kensington High Street and is the second of its type in Europe after the one in Frankfurt. On nearly 300 square meters, the company will present the ranges ...
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Timberland has decided to keep its world headquarters in Stratham,...
Timberland has decided to keep its world headquarters in Stratham, Massachusetts, after considering alternative locations. The lease on the premises, which was going to expire in 2010, has been extended. Investments will be made to improve the present structure.
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News briefs
Intersport España has decided to kick out of its membership...
Intersport España has decided to kick out of its membership three retail companies belonging to Intersport Mestres because of its failure to pay membership fees and various debts, including some amounts still due on the sale of some of Intersport’s former corporate stores in the country. The dispute could end ...
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News briefs
IFM Sports Marketing Surveys has extended its reach to Japan...
IFM Sports Marketing Surveys has extended its reach to Japan and South Korea; the company opened new offices in Tokyo and Seoul in May to offer a better service to existing clients in Asia and to capitalize on the international expansion of Far Eastern companies. IFM Sports Marketing Surveys said ...
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News briefs
In reporting its results for the first four months of...
In reporting its results for the first four months of this year, Conzzeta Group said its sporting goods company, Mammut Sports Group, had the best performance, posting revenue growth of 12.3 percent to 76.4 million Swiss francs (€50.4m-$70.3m), helped by strength in reorders of winter goods and good orders for ...
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News briefs
Motions by Speedo and USA Swimming to throw out an...
Motions by Speedo and USA Swimming to throw out an anti-trust suit lodged against them by Tyr were largely denied by a U.S. district court in California. Tyr sued both in May, alleging that the actions of Mark Schubert, coach of USA Swimming and a spokesman for Speedo, in getting ...
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News briefs
Revenues at the Polish Intersport jumped by 32.0 percent to...
Revenues at the Polish Intersport jumped by 32.0 percent to 66.5 million Polish zloty (€15.1m-$21.0m) for the first quarter of 2009. The company, which is owned by the German Intersport organization, did better than expected for the period, with profits rising by 31.6 percent to PLN 2.6 million (€588,400-$821,500). The ...
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News briefs
Annual sales for Mizuno fell by 6.9 percent to ¥162.0...
Annual sales for Mizuno fell by 6.9 percent to ¥162.0 billion (€1.2bn-$1.7bn) for the full year ended last March 31, leaving the company with a net loss of ¥2.41 billion (€18.2m-$25.4m), compared with a net profit of ¥2.42 billion last year. Operating income slid by 63 percent to ¥2.9 billion ...
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News briefs
Lafuma reports the successful completion of a €10.4 million equity...
Lafuma reports the successful completion of a €10.4 million equity increase, announced last May 5, through the issue of 1,303,860 shares. While other shareholders exercised their rights of first refusal, a new shareholder, CDC Entreprise acquired 14.6 percent of the capital. This French institutional investor, which is owned by the ...
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News briefs
Garant’s centralized invoicing and fulfillment went down by 2.8 percent...
Garant’s centralized invoicing and fulfillment went down by 2.8 percent to €236.9 million in the first quarter of 2009. While sales were flat in the shoe business at €182.1 million, the buying group faced significant declines of 9.2 percent in its sports business and 14.2 percent for leathergoods, going down ...
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News briefs
Odlo Sports Group increased its turnover by 5.2 percent to...
Odlo Sports Group increased its turnover by 5.2 percent to 144.5 million Swiss francs (€95.5m-$133.3m) in the 2008 fiscal year. The company benefited from a very good winter in its key markets and increased sales in Switzerland, France and Germany at a double-digit rate. (More in the next issue of ...
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News briefs
Bike Expo, being held July 23-26 in Munich, is offering...
Bike Expo, being held July 23-26 in Munich, is offering pre-registration for visitors, allowing them to get special ticket rates. Industry visitors get more than 30 percent off the ticket price, while consumers get a free ticket to the public access days when ordered online. Trade visitors also get a ...
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News briefs
Blacks Leisure says it has extended its £35 million (€39.8m-$55.6m)...
Blacks Leisure says it has extended its £35 million (€39.8m-$55.6m) credit facility with Lloyds Banking Group until Aug. 31. This will give the company more time to discuss an appropriate long-term financing solution with Lloyds that would accelerate the company’s exit from the loss-making boardwear business and the development of ...
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News briefs
Nike has announced that it is cutting about 5 percent...
Nike has announced that it is cutting about 5 percent of its global workforce, eliminating 1,750 jobs out of 35,000 in total. In March the company announced it would trim about 4 percent of its staff. Five hundred corporate jobs at Nike’s global headquarters in Oregon are included in the ...
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News briefs
Daiwa Seiko saw an increase in turnover of 5 percent...
Daiwa Seiko saw an increase in turnover of 5 percent to ¥66.6 billion (€503.1m-$702.3m), but the Japanese fishing equipment and sporting goods company had a consolidated net loss of ¥1.2 billion (€9.1m-$12.7m), compared with income of ¥3.8 billion for the year ended March 31, 2008, while year-over-year operating income fell ...
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News briefs
Easton-Bell Sports had a 59 percent drop in net income...
Easton-Bell Sports had a 59 percent drop in net income to $975,000 from $2.4 million for the first quarter ended April 4, even though sales grew by 1.5 percent to $184.9 million. This translates to sales growth of 4.3 percent in constant currencies. The quarterly gross margin fell by 0.9 ...
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News briefs
A group of more than 80 Spanish retailers and some...
A group of more than 80 Spanish retailers and some buying groups have formed a joint purchasing platform for racquet sports. Called Raquetas y Pelotas (R&P), it gives them access to more than 400 SKUs by various brands including Dunlop, Slazenger, Carlton, Head, Penn, Softee, Varlion and Wilson. Softee is ...
