Kingmaker posts a negative gross margin due to Covid
The mandatory payment of minimum wages to factory workers idled by the Covid pandemic caused Kingmaker to post a negative gross margin for the first half of its fiscal year ended Sept. 30, leading it to report a net loss of 15.5 million Hong Kong dollars (€1.8m-$2.0m) compared with a ...
Romania’s apparel industry is struggling
Some sports clothing has been manufactured in Romania in the past, especially for Italian brands, but it’s not sure whether this is still the case. According to Just Style, Romania’s apparel industry is suffering from problems in both its supply chain and its export market. The flow of raw materials ...
Puma’s brand momentum outpaces supply chain drags in Q3
Puma raised its outlook for full-year sales after reporting solid growth in sales and earnings in the third quarter ended Sept. 30 despite persistent supply chain headwinds and difficulties for Western brands in China.
Intersport Spain has sold its HQ
According to CMDsport, Intersport Spain will be moving out of its headquarters in the city of Rubí, in the province of Barcelona, on Nov. 19. The buying group inaugurated the site in 1989 and has now sold it, for some $5 million, to an as yet unnamed investment fund. It ...
Bike delivery problems sink XXL’s results
Delays in deliveries of bicycles continued to negatively affect the sales performance of XXL ASA, whose revenues in the third quarter declined by 4.8 percent to 2,688 million Norwegian kroner (€276.1m-$321.2), with a drop of 4.0 percent on a comparable store basis. As its profit margins were also squeezed, resulting ...
PE firm to acquire NPD Group
The private equity firm Hellman & Friedman (H&F) will soon be entering into a binding and exclusive agreement to purchase the NPD Group, once the latter’s employee-works council has been lawfully notified and consulted.
