Latest News & Analysis – Page 193
-
Article
Foursource connects brands and manufacturers
Various sports and outdoor brands including CEP, Jack Wolfskin, Kjus, Odlo, Schöffel and Vaude are among the 350+ apparel brands and retailers that have hooked up so far to Foursource, an open internet sourcing platform launched in May 2017 to help product managers find the most suitable manufacturers and to ...
-
Article
Spin Capital adds Pyua to its portfolio
Spin Capital, the investment company that last year took over ABS Protection, a major supplier of anti-avalanche airbags, has acquired a controlling interest of 90 percent in Pyua, the German brand of sustainable outdoor and ski clothing.Further acquisitions in the sports sector are not excluded, says Spin Capital, a Munich-based ...
-
Article
Interesting new shareholders for Shackleton
Shackleton, the British brand of rugged outdoor apparel named after the famous Irish polar explorer, has secured an undisclosed investment sum from five prominent investors as it seeks to continue its steady growth. The influx of new investors includes John Smith, a former chief operating officer of Burberry; Nic Couchman, ...
-
Article
Deso, a new brand “made in the U.S.”
Like Shackleton in the U.K., Deso hopes to benefit from the fact that all its garments are made in the U.S., using expert seamstresses in the San Francisco area. Like with Arc'teryx and Canada Goose in Canada, local production is said to guarantee a high level of quality for high-performance ...
-
Article
Timberland celebrates nature in New York
For a week in October, Timberland hosted three days of events across New York City, designed to allow New Yorkers to celebrate nature and the autumn season. On Oct. 16, the brand opened a pop-up store in Flatiron South Plaza, across from Madison Square Park, where visitors could embrace Timberland's ...
-
Article
The outdoor shoe market rose by 5.0% in 2017
The global outdoor footwear market accelerated slightly on the wholesale level in 2017. According to an annual survey conducted by The Outdoor Industry Compass among the major brands, their footwear revenues rose last year by 5.0 percent to $4.9 billion in terms of U.S. dollars. That was a little better ...
-
Article
Chinese investors show interest for Amer Sports
Confirming media speculation, Amer Sports announced a week ago that it has received a non-binding preliminary indication of interest from a consortium comprising Anta Sports Products and an Asian private equity firm, FountainVest Partners, in view of acquiring its entire share capital for €40.00 a share in cash. That would ...
-
Article
Amer Sports cycling division under strategic review
The cycling division of the Amer Sports group, which includes the Mavic and Enve brands, has been placed under strategic review, the company said last week as part of an update about its transformation and its assets.The Finnish group behind Salomon, Arc'teryx, Atomic, Wilson and many other brands told analysts ...
-
Article
JD outdoor retail division beats warm weather
Torrid summer weather in the U.K. has affected the outdoor division of the JD Sports Fashion group for the half-year to Aug. 4, but the entity that includes Blacks, Go Outdoors and other outdoor stores has managed to raise its turnover and to generate cash in the first half of ...
-
Article
Gregory grows by 6.8%
Gregory Mountain Products continues to grow faster than High Sierra, a less technical and more lifestyle-oriented brand of backpacks which, like Gregory, belongs to the Samsonite Group, the world's largest travel luggage company.In its financial report for the six months ended June 30, Samsonite says that Gregory's sales increased by ...
-
Article
The UTMB becomes more international
The Ultra-Trail du Mont-Blanc (URMB) is further diversifying its events with the launch of a race in Latin America next year, after earlier expansion into China and Oman. The organizers of the UTMB announced earlier this month that its fourth event would take place in Ushuaia, in Argentina. It will ...
-
Article
De Waard rescued, Vrijbuiter uncertain
De Waard, the Dutch brand of sturdy family camping tents, was acquired by the Sunshine Group, shortly after it filed for insolvency earlier this month. De Waard previously belonged to Vrijbuiter, a Dutch group of four large-scale camping and outdoor stores which was declared bankrupt at the end of July ...
-
Article
Strategic investments pay off at Mammut
The strategic plan launched at Mammut Sports Group appears to start paying off as it sharply raised its sales and reduced its operating loss for the first six months of this year, pushed up by product launches and own retail sales.The sporting goods division of the Conzzeta group, which owns ...
-
Article
Black Diamond grows strongly
Reporting on a very strong second quarter, driven by a growing momentum for the Black Diamond Equipment brand, its parent company, Clarus Corporation, improved its guidance for the full financial year.Beating analysts' estimates, the group's revenues went up by 50 percent to $45.9 million during the period, to June 30, ...
-
Article
Vista Outdoor will put down its guns
Vista Outdoor saw its stock market price surge by 15 percent as it indicated that it plans to sell its much-contested and loss-making Savage firearms operations, likely before the planned disposal of its sports protection brands - Bell, Giro and Blackburn. Some major North American outdoor retailers said a few ...
-
Article
Marmot outperforms Coleman
Newell Brands said it was encouraged by Marmot Mountain's performance during its second fiscal quarter, ended on June 30. However, weak sales at Coleman led its Home and Outdoor Living unit to post a 7 percent drop in sales to $742 million for the period, leading to a reduced operating ...
-
Article
VF will spin off its denim business
VF Corporation is preparing to split into two independently traded companies through the proposed spin-off of its jeans division to its own shareholders, forming a more focused outdoor, action sports and workwear business based in Colorado.The owner of Vans, The North Face, Timberland, Icebreaker and several other sports and outdoor ...
-
Article
Wolverine’s new plan is working out well
Wolverine Worldwide is again actively looking for additional brands to acquire, not only in the footwear sector, but also in apparel and leathergoods, with a preference for the women's segment, where it is relatively under-represented. The multiples requested by the sellers have increased, said Blake Krueger, chairman, chief executive and ...
-
Article
Record sales and earnings for Johnson Outdoors
Thanks to strong sales of warm-weather outdoor recreation products, Johnson Outdoors posted record profits and sales for its third fiscal quarter ended June 29. In particular, the company said it recorded unprecedented growth in its flagship fishing brands, which it attributed to a focus on consumer-driven innovation.Total revenues jumped by ...
-
Article
Macpac’s new owner expands store network
After its acquisition of Macpac for 144.0 million New Zealand dollars (€81.9m-$95.77m) in March, the outdoor retailing division of the Super Retail Group (SRG) in Australia raised its turnover by 4.8 percent to A$ 579.8 million (€363.2m-$423.4m) for the full year to the end of June, generating a 16.5 percent hike in ...
