Callaway’s profit plunge due to Jack Wolfskin writedown
Callaway Golf Co. ended the second quarter in the red due to a $174 million impairment charge related to the Jack Wolfskin goodwill and trade name. It posted a net loss of $167. 7 million, versus net income of $28.9 million for the year-ago quarter. The management said the charge ...
Mammut struggles amid restructuring
Revenues for the Mammut Sports Group declined by 31.4 percent to 80.9 million swiss francs (€74.9m-$88.6m) in the first half of 2020, including a drop of 29.1 percent in comparable sales. The operating loss widened to CHF 23.3 million (€21.5m-$25.5m), down from an operating loss of CHF 5.3 million for ...
Rossignol to sell Raidlight except for Outdoor Experiences division
The Rossignol Group has announced the sale of Raidlight Vertical, a French company specializing in footwear, apparel and equipment for trail running and ski touring, with an annual turnover of around €8 million. It will only keep and expand its Outdoor Experiences division, which organizes trail running, Nordic walking, mountain ...
Russian outdoor goods industry resumes operation
Russian outdoor industry companies hit by the Covid-19 pandemic are gradually getting back to business.
Changes in Deuter’s management
Just hours after participating in a panel of experts on the topic of how to overcome the corona crisis at the Ispo Re.Start Days, the German backpack and sleeping bag specialist Deuter announced that Martin Riebel will step down from his position as managing director of the brand on July ...
PrimaLoft “adjusts business” in the crisis and dismisses European managers
Ingredient brand PrimaLoft has confirmed existing rumors about the separation from its president licensing and managing director Europe, Jochen Lagemann, as of May 31.
