All Article articles – Page 223
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Vf Acquires Timberland
VF Corporation, the owner of The North Face and many other outdoor, sports and jeans brands, has agreed to pay about $2 billion to acquire The Timberland Company, the American firm that owns the Timberland and SmartWool brands. The amount doesn’t include extra cash at Timberland. If completed, the tie-up ...
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Will Blackstone Acquire The Paw At Last?
Jack Wolfskin may be sold after all. According to Reuters, the Blackstone equity fund has started exclusive negotiations over the possible acquisition of the German outdoor apparel and equipment company, and they may be concluded by the third quarter of this year. Reuters mentions a potential valuation of €700 million ...
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A New E-commerce Operator On The French Outdoor Market
Agnès Mermoz, a veteran of the French sporting goods industry, has created a new web shop, Altitoo, specializing in the sale of outdoor products over the internet on the French market together with a webmaster, Romain Jouas. The site offers men’s and women’s apparel, footwear and accessories but does not ...
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Timberland Has A New Euro Chief
Gordon Baird is returning to Timberland to run its European operations, starting next week. Stationed in the U.K., he basically takes over the previous responsibilities of Richard O’Rourke, a veteran of the company who has been promoted to senior vice president for international operations, adding Asia to his territory. Baird ...
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The British Oia Shuffles Its Management
The British Outdoor Industries Association is giving itself a new structure for the leadership of the group, effective next September. The current chief executive, Louise Ramsay, will step down from her current position, but will remain on the team.The new structure will have a new part-time chief executive and a ...
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Black Diamond Climbs Up With Stunning Speed
Black Diamond reported sales of $39.1 million for the first quarter of this year, up by 18 percent from a year ago on a pro-forma basis, including the sales of Gregory Mountain Products prior to its acquisition. Black Diamond alone scored a 36.3 percent increase to $28.7 million, with gains ...
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The Dutch Tribe Of Beavers Has A New Chief
From the start of this month, Greg Nieuwenhuys is the new chief executive of Bever, the leading Dutch outdoor retailer previously called Bever Zwerfsport, which is owned by the same investors as A.S. Adventure in Belgium and Cotswold Outdoor in the U.K. Based on the initials of the three retail ...
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Lafuma Turns Around At Last
After several years of negative results, the Lafuma Group finally reported a net profit of €0.7 million for the six months ended March 31, which compares with a loss of €0.8 million in the same period a year ago. Total revenues grew by 0.9 percent to €122.4 million, reversing the ...
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Friedrichshafen Promises Another Record Outdoor Show
Messe Friedrichshafen, the organizer of the OutDoor show, is optimistic that it will have another great show this summer. OutDoor will take place from July 14-17 at Lake Constance. The number of exhibitors from 38 countries will increase once again from last year's level of 868. They currently number 890 ...
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Keen’S Ambitions For New Factory Grow
Just eight months after it opened its factory in Portland, Oregon, Keen is revising upward its estimates of the plant’s capabilities. It started out saying that the factory would make eight footwear styles once it was up and running; now it says that this figure will be 13. Keen opened ...
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Swiss Intersport Creates A Strong Alliance Of Outdoor Retailers
Intersport PSC has formed a unit of retail members who will commit to providing a comprehensive offer of outdoor products to their customers. According to Urs Müller, chief executive of Intersport's Swiss licensee, the original plan was to rally 30-50 retailers with a strong standing in the outdoor segment. Currently, ...
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Adidas Outdoor Is On Track With Its Ambitious Plans
Apparently, Adidas Outdoor is on its way to meet the target of €500 million in global sales by 2015. In 2010, the outdoor division of the Three Stripes managed to reach sales of more than €200 million, with significant double-digit growth. In the first quarter of this year, sales were ...
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Fenix Moves Into Finnish Retail And Acquires More Distributors
The Fenix Outdoor group, which owns the Swedish Naturkompaniet retail chain of outdoor stores along with Fjällräven and several other brands, has extended its retail presence to Finland, where it fully acquired the Partioaitta chain last month.Partioaitta is the largest specialist outdoor retail chain in Finland, with 11 stores around ...
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Lowa Posts Record Sales For 2010
Partially due to good weather conditions in some key markets, Lowa was all the way up in 2010. Both the company, Lowa Sportschuhe, and the brand alone managed to have a record year. Total sales increased from €107 million in 2009 to €132 million. The figures include those of the ...
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Timberland Is Strong In Sales, Weaker In Profit
Timberland increased revenues by 10.1 percent to $349.0 million in the first quarter ended April 1, driven by Earthkeepers and Outdoor Adventure products. But the top line was significantly below market expectations, which were for sales of more than $360 million.The group’s North American revenues increased by 8.3 percent to ...
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Lacrosse Posts A Loss
LaCrosse Footwear posted a net loss of $0.7 million in the first quarter ended March 26, compared with a net profit of $1.7 million a year earlier, as revenues declined by 26.3 percent to $25.2 million, hit by a drop in military sales.The U.S. footwear company has been trying to ...
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New Sherriffs In Town At Go Outdoors
3i, the international private equity group, has acquired an unspecified minority stake in Go Outdoors, the large-scale U.K. outdoor retailer, by buying existing as well as newly-issued shares. It has invested 28 million British pounds (€31.2m-$46.2m) in Go Outdoors, which will be used for the retailer’s planned expansion from 30 ...
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Margins Unscathed As Phoenix’ Sales Drop
Phoenix Footwear’s sales dipped by 8 percent to $17.3 million in the full year ending Jan. 1 as sales of its Softwalk and H.S. Trask lines declined by 5.0 percent and 65.0 percent respectively. Sales of the Trotters line increased by 2.2 percent.Sales of the H.S. Trask brand represented 4.4 ...
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Helly Hansen Goes Direct In The U.K.; Earns More
Helly Hansen’s U.K. subsidiary has brought the distribution of all its products in-house as of April 28, precipitating the bankruptcy of a wholesale company, Helly Hansen Distribution UK (HHD UK), that was selling its sports and survival items to independent retailers. The Norwegian company’s U.K. office was previously handling directly ...
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Military Delays Hit Johnson Outdoors
Johnson Outdoors’ sales of outdoor equipment, including Silva compasses, Tech40 digital instruments and the Eureka! brand of tents, declined by 25.2 percent to $10.3 million in the second quarter ended April 1 due to delays in orders from the U.S. military resulting from the government’s budget restraint policies.The group also ...
