Frank Prenesti

Frank Prenesti

Frank Prenesti is a writer and editor based in London, specializing in business and politics. He has worked on several British national newspapers and was political correspondent in Westminster for more than a decade at newswires, including Reuters.

  • Solo

    Solo Brands lifts Ebitda margin as Q2 wholesale revenues soar


    Solo Brands lifted its annual Ebitda margin target after a strong rise in second-quarter earnings and wholesale revenues. The owner of four lifestyle brands said wholesale revenues increased 57 percent to $31.3 million in the three months to June 30, compared to $19.9 million a year ago.

  • Compass-Diversified

    Compass Diversified lifts guidance after Q2 sales surge by 19%


    Compass Diversified (CoDi) lifted its outlook for the full year after a 19 percent rise in second-quarter net sales growth driven by Boa Technology and Lugano Diamonds.

  • Logo-lenzing

    Lenzing sees “significantly higher” Ebitda as H1 revenues jump


    Specialist fiber maker Lenzing Group said it expected annual Ebitda to be significantly higher after reporting a 25 percent jump in half-year revenue, driven by higher fiber prices. The company said revenue in the six months to June 1 rose to €1.3 billion, compared with £1.03 billion a year earlier.

  • Fenix_Logo

    Frilufts drives Q2 growth at Fenix Outdoor as stores reopen


    Fenix Outdoor International’s sales increased by one-third in the second quarter as the company’s outdoor retail segment (Frilufts Retail Europe) in Germany (Globetrotter retail chain) rebounded due to the reopening of stores following the Covid lockdowns. The company said sales for the three months to June 30 rose 29 percent ...

  • VF_Corp_Logo

    The North Face helps drive Q4 revenue rise, but Vans hit by China lockdowns


    VF Corp reported a revenue increase of 9 percent to $2.8 billion (€2.65bn) in the fourth quarter of 2022, driven by The North Face (TNF), although sales at Vans were flat during the period. Sales were boosted by a 15 percent increase in the EMEA region and 12 percent in ...

  • jack-wolfskin-logo-1 Kopie
    News briefs

    Jack Wolfskin positioned for growth as Callaway lifts group guidance


    Callaway Golf raised annual guidance after a strong first quarter, driven by its Topgolf driving range venues, strong performances from its other segments and positive signs from its Jack Wolfskin brand. Revenue for the three months to March 31 rose 59.6 percent to $1.04 billion (€990m). Adjusted Ebitda was up ...

  • rocky-brands

    Rocky Brands almost doubles Q1 net sales driven by strong wholesale performance


    U.S. footwear company Rocky Brands’ sales for the three months to March 31 rose 90.5 percent year on year to $167.0 million. The figure includes $64.0 million in net revenue from the company’s Boston Group, compared with $6.5 million in the same period last year. The Boston group includes The ...

  • Polygiene-Logo

    Polygiene posts higher net sales in Q1, but sees decline in operating profit


    Polygiene reported a rise in first-quarter sales, despite ongoing difficulties due to inflation, supply-chain constraints and the war in Ukraine. The Swedish firm reported net sales of 45.1 million Swedish kronor (€4.3m) for the three months to March 31, an increase of 7.5 percent compared to the same period last ...

  • Fenix_Logo

    Fenix Outdoor sees bright start to 2022 but warns of cost pressures


    Fenix Outdoor International said its new fiscal year had started well with a recovery in physical store sales, despite inflationary pressures and supply chain constraints. Releasing its annual report, Fenix reported a “very bright” outlook for its order book for Brands and Global Sales, “indicating some nice growth in 2022”, ...

  • rocky-brands

    Rocky Brands targets savings as Q4 net sales soar


    U.S. footwear company Rocky Brands said it is targeting cost savings and synergies after integrating Honeywell International’s performance and lifestyle footwear business last year as it reported a 93.4 percent surge in fourth-quarter net sales.

  • 1200px-Canadian-tire.svg

    Canadian Tire beats sales estimates in Q4 as consumers splurge on sports goods


    Toronto-based Canadian Tire Corporation (CTC) reported better-than-expected fourth-quarter revenue, driven by a surge in spending on sporting goods, garden equipment and home decor during the Christmas season, along with higher fuel prices at its petrol stations.

  • Newell_Brands_logo

    Coleman helps boost Q4 sales at Newell Brands outdoor unit


    Final quarter sales at Newell Brands Outdoor & Recreation division rose to $304 million from $249 million a year ago, as growth in the outdoor equipment and beverage categories offset a slight decline in technical apparel. Core sales at the division, home of the Coleman, Campingaz and Marmot brands, grew ...

  • MIPS_logo

    Mips Q4 net sales rise despite supply constraints & China factory slowdowns


    The Swedish helmet safety technology provider Mips reported a 41 percent rise in net sales during the fourth quarter, despite supply chain constraints and power restrictions on factories in China. The specialist in “brain protection” said net sales for the three months to Dec. 31 rose to 198 million Swedish ...

  • Fenix_Logo

    Fenix reports records for Q4 thanks to sales increase and despite Omicron hit


    Fenix Outdoor International has reported record fourth-quarter earnings driven by surging sales in its Frilufts segment and the delivery of goods delayed in the previous three months from the Brands division. The company said net sales for the three months to December 31 rose by 33 percent to €196.5 million ...