All Article articles – Page 167
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Jarden’s Outdoor Solutions segment takes a writeoff
Provisions booked by Jarden Corp. for its winter sports operations in the fourth quarter of 2015 add to speculation that they may be divested after the consummation of its merger with Newell Rubbermaid, which was agreed in principle on Dec. 14. Analysts had speculated that the whole Outdoor Solutions segment ...
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Strong growth for Gregory
Samsonite International, which acquired Gregory Mountain Products from Black Diamond for $84 million in 2014, reports that this brand of backpacks reached sales of $43.3 million in 2015, including $13.3 million in the U.S., $2.6 million in Europe and $18.5 million in Asia. Gregory's sales were apparently up sharply from ...
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Tutwo goes omni-channel
Tutwo, the leading Chinese outdoor wholesaler and retailer, has started implementing an omni-channel strategy that requires significant adjustments for the company.Tutwo has turned into a huge player in the Chinese outdoor industry, boasting more than 1,100 directly-owned and franchised stores around the country at the end of last year. The ...
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Polygiene gets stock market listing
Shares in Polygiene, the Swedish company specializing in odor control with a focus on sports and outdoor products, started trading on the Nasdaq First North market on March 14, after a share issue that raised about 22.5 million Swedish kronor (€2.4m-$2.7m) in December.In the fundraising process, the company's shares were ...
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Peak Performance firms up revitalization plans
The investor day of the IC Group held in Copenhagen on April 6 yielded some interesting details about the Peak Performance brand's sales, while discussing the strategic shift that was detailed in The Compass earlier this year to revitalize the Swedish ski, outdoor, golf and lifestyle activewear brand.A regional breakdown ...
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Moncler sets up a new factory in Romania
Moncler has hired around 600 people for the factory it is establishing in Romania, in the Bac?u county, via its local subsidiary Yield Industries. The move is part of a wider plan to expand the company's capacity to make down jackets in-house, while further consolidating its know-how in down jackets. ...
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New Eurochief for Hydro Flask
Hydro Flask continues to boost its management. The fast-growing American supplier of vacuum-insulated drinking bottles, has selected David Ledouble to serve as managing director of its new Hydro Flask Europe subsidiary in Basel, Switzerland. In the U.S., Hydro Flask has also appointed a vice president of marketing and e-commerce, Phyllis ...
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Toread more than doubles in size
In a preliminary statement, China's largest supplier of products for outdoor sports, Toread Holdings, reported an increase of 119.2 percent increase in its total revenues of 375.9 billion yuan renmimbi (€51,415.4m-$58,066.1m) in 2015. The strong growth was essentially due to the consolidation of its previously reported acquisitions of Asiatravel.com and ...
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Downlite is the first Global TDS-certified company
NSF Sustainability has announced it has certified Downlite, a supplier of performance fills for outdoor and other products, to the Global Traceable Down Standard (Global TDS). Downlite is the first company in the world to have been certified according to this standard. Certification for the Global TDS can be granted ...
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China’s outdoor market sees slower growth, optimism persists
According to the latest report published by the China Outdoor Commerce Alliance (Coca), total retail sales of outdoor products in China grew by 10.51 percent to 22.19 billion yuan renminbi (€3.01bn-$3.43bn) in 2015. Wholesale trade also improved by 12.22 percent to hit RMB 12.31 billion (€1.67bn-$1.90bn) for the year.All signs ...
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Sanfo will sell Norrøna in China
Beijing Sanfo Outdoor Products has signed an agreement to be the exclusive retailer in China for Norrøna, the technical outerwear company from Norway, for the next three years. This comes after the previously reported joint venture and licensing agreement between Tutwo, the other large Chinese outdoor retailer, with Salewa (Compass ...
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Calida raises its stake in Lafuma
The Swiss lingerie group has reached an agreement to acquire a further 11.63 percent stake in the French Lafuma Group, which owns the Lafuma, Millet, Eider and Oxbow brands, from two institutional investors, Comir and Suparcif. With this transaction, Calida will raise its shareholding in the company to 71.55 percent. ...
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New course for the British OIA
Robert Louden, director general of The Camping and Caravanning Club, was elected as the new chairman of the Outdoor Industries Association (OIA) of the U.K. at the association's annual meeting last month, taking the place of Stephen Newlands of the AGM Group. Two directors, Hans Falkenburg of Cotswold Outdoor and ...
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Bonvita merges with Nordic Footwear
Bonvita, the Danish-based distributor of many brands of Wolverine Worldwide, has completed a merger with a sister firm, Nordic Footwear Company. The merger and the implementation of some other adjustments designed to increase efficiency have lowered the break-even point. Henrik Hammer, owner of Bonvita and Nordic Footwear, says the move ...
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Garmin bets on fitness and outdoor
Garmin announced a sharp 37 percent decline in net income to $132 million for the fourth quarter of its financial year, ended Dec. 26. The quarterly gross margin fell marginally by 0.7 percentage points to 52.9 percent.The fitness segment saw a 51 percent gross margin decrease as a result of ...
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Vivobarefoot beats equity crowdfunding target
As of April 6, Vivobarefoot, the brand of minimalist shoes with patented ultra-thin soles controlled by Galahad Clark, had secured over £1.2 million (€1.5m-$1.7m) from 1,121 investors with just one day remaining to invest, far exceeding its previously set goal of £750,000 (€625,678-$711,383). The largest single investment so far stands ...
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Assosport and the Italian Outdoor Group will cooperate
Setting aside their long-standing differences, Assosport and the Italian Outdoor Group (IOG) signed a collaboration agreement. The two bodies will continue to operate independently of each other, but the deal is being regarded by some as a first step toward a possible merger in the future. Technically, a merger would ...
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Andy Airey quits George Fisher
After spending 26 years with George Fisher, the iconic outdoor retail store in Keswick, in the English Lake District, its managing director, Andy Airey, has decided to resign at the end of April. Stressing that this was his personal decision, the 55-year-old manager told us that he plans to spend ...
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Black Diamond moves ahead with relocation and cuts
Confirming that the relocation of its European head office from Basel in Switzerland to Innsbruck in Austria should be finalized in May (see The Compass Vol. 9 n° 1-2 of Jan. 21), the management of the Black Diamond group said it should reduce operating costs by $2.2 million on a ...
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New owner for Tenson after USG bankruptcy
Tenson is poised to expand more rapidly in international markets in the coming years, after the Swedish outdoor brand was acquired at undisclosed terms by Nedvest Capital, a Dutch investment firm.Tenson was previously owned by the Unlimited Sports Group (USG), the leading Dutch sports retailer and wholesaler, which was declared ...
