All Article articles – Page 135
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Dakine finds new brand owners
Marquee Brands, a brand management company whose portfolio includes names such as Bruno Magli, Ben Sherman and Body Glove, has acquired the Dakine brand and the related intellectual property. It has also entered into a long-term license agreement with JR286, a product design company based in California that has acquired ...
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Bradshaw Taylor distributes Tentree in Europe
Bradshaw Taylor, the British distributor of important brands like Black Diamond, Icebreaker, Keen and Schöffel, wants to preserve a European footprint. After losing the European distribution of Royal Robbins, which has been acquired by the Fenix Outdoor group, it has signed a contract for the European distribution of Tentree, a ...
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JD moves into fishing, boosts Go Outdoors
Confirming a report in Angling International, the JD Sports Fashion group said it is taking over Fishing Republic, a chain of 14 fishing tackle stores in the U.K. The management pointed out, however, that the group has only acquired the trade and assets from the administrators of the chain, which ...
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Russia wants to boost the outdoor industry
Russia's State Duma, the lower chamber of the Russian Parliament, has proposed the establishment of a federal system of camping sites in order to support the outdoor sector and the outdoor industry in the country.Natalya Kuvshinova, a member of the State Duma's sport and tourism committee, explained that better infrastructures ...
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Fenix blames the weather for weaker retail sales
For the third quarter ended on Sept. 30, Globetrotter's parent company, Fenix Outdoor International, booked increases of 5.7 percent in total revenues to €181.8 million and 5.5 percent in operating profit to €43.8 million, leading to a net profit of €35.6 million for the quarter, up from €30.5 million in ...
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SDI’s sports operations show better margins
The U.K. sports retail segment, which remains the core of Sports Direct International's businesses, showed a sales decline of 0.2 percent to £1,140.2 million (€1,267.9m-$1,437.0m) in the first half of its financial year, ended Oct. 28. The management attributed most of the drop to store closures implemented “as part of the ...
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Béal hires an experienced manager
After working for Singing Rock for the past 12 years, Guilherme Toto Settanni joined Béal last month in the new position of brand manager. While focusing on sales development, he will be helping the president of the French rope manufacturer, Michel Béal, and his two sons, Philippe and Frédéric, to ...
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Hi-Tec’s parent turns around
Cherokee Global Brands (CGB), the American owner of Hi-Tec, Tony Hawk and other brands, is shedding its previous losses as it is transitions the Tony Hawk, Cherokee, and the Liz Lange brands from a direct-to-retail model to wholesale licensing partners, as it has already done with Hi-Tec.This comes after the ...
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Arne Strate will be the EOG’s secretary general
The European outdoor industry will have to wait until the Ispo Munich show to find out who will be the new president of the European Outdoor Group (EOG), taking the place of John Jansen after two rather successful mandates. However, we now know who will be its new general secretary, ...
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The tender offer for Amer has begun
A consortium of investors led by Anta Sports Products, China's largest sporting goods company, commenced a public cash tender offer for all the shares of Amer Sports on Dec. 20, following the approval of their bid by Amer's board of directors and. unanimously recommending that its shareholders should accept ...
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Ispo Munich expands again
Ispo Munich will reach a high watermark of 200,000 square meters on Feb. 3-6, adding a further two halls – C5 and C6 – from last year's total of 16. The show is making plenty of room for meetings and networking.For 2019, the themes are “Health, Physical Activity and Sport,” ...
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Thule Group acquires Tepui Outdoors
Thule Group has announced the acquisition of Tepui Outdoors, a U.S. company specializing in rooftop tents for car camping, for a total purchase price of $9.5 million, plus a potential earnout of $1.75 million based revenue performance in the next two years. Tepui Outdoors has around 20 employees and expected ...
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Oberalp stops with Silva, names new managers
While parting ways with Silva, a brand that it has been distributing in Italy, Germany and Austria since 2013, the Italian-based Oberalp Group has appointed new executives for its own brands – Salewa, Dynafit, Wild Country and Pomoca – in Europe and the U.S.For its part, Silva has appointed a ...
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Wolverine rides higher
The divestiture of Sebago and the military business caused a 3.9 percent decline in sales at Wolverine Worldwide, down to $558.6 million, in its third quarter ended on Sept. 29. On a comparable basis, sales inched up by 0.5 percent, but they were up by 1.5 percent excluding the leather ...
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Garmin posts strong results
Garmin posted strong results for the third quarter, with double-digit revenue growth in four of its five segments and double-digit growth in consolidated operating income.Total revenues were up by 8 percent to $810 million, with marine, aviation, fitness and outdoor collectively growing by 16 percent from the year-ago quarter and ...
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Newell sells Pure Fishing
Newell Brands has found a buyer for Pure Fishing, a constellation of fishing tackle brands that includes the likes of Abu Garcia, Berkley, Shakespeare and others, and Jostens. They were part of the former Jarden Corporation, which Newell bought in the spring of 2016.Other important assets like K2, Völkl and ...
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GoPro expects to return to profits
Thanks to a strong reception for its new Hero7 Black action camera, GoPro managed to narrow its net loss from $37.3 million for the second quarter of this year to $27 million for the third quarter. This led the management to say that it expects to achieve profitability in the ...
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Moncler records ongoing double-digit growth
Moncler posted consolidated revenues of €872.7 million for the first nine months of 2018, which represent an 18 percent increase compared with the first nine months of 2017, or a 23 percent increase at constant exchange rates. Growth was evident across all markets and distribution channels. Commenting on the figures, ...
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Thule diversifies with more urban gear
The Thule Group is capitalizing on urban consumer trends to diversify its product range, after it redefined its remit in recent years to cover a mixture of urban products around the concept of active living and mobility.Magnus Welander, Thule's chief executive, outlined the strategy at the European Outdoor Summit (EOS) ...
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Leatherman sells Ledlenser, goes direct in Europe
The Leatherman Tool Group (LTG) has announced that it is divesting the German Ledlenser brand, which it acquired in April 2011. The closing is expected to take place by the first week of December. The new owner of Ledlenser is Afinum, an 18-year-old German private equity firm that owned Sigg ...
