Latest News & Analysis – Page 214
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JD Sports Fashion is buying Go Outdoors
JD Sports Fashion says it has paid about £112.3 million (€134.5m-$142.6m) to acquire the entire issued share capital of Go Outdoors, a British outdoor retailer with 58 large-scale stores, forming the largest outdoor retail group in the country with strongly complementary concepts. JD is assuming net debt of about £16 million ...
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AMG gets investment firm on board
Growth Capital Partners (GCP), a British investment firm, has acquired a minority stake in the AMG Group, the Glasgow-based supplier of branded camping, ski and outdoor equipment. AMG's chief executive, Stephen Newlands, said the deal should enable it to expand its international business with more distribution and potentially acquisitions.AMG's brands ...
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New international sales structure for VF
VF Corporation announced the retirement of Karl Heinz Salzburger, the 59-year-old vice president of the group and president of VF International, at the end of this year, after 19 years with The North Face and VF. During the first quarter of 2017, Salzburger will act as special adviser to VF's ...
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New European GM for Amer Sports
Armin Fuchs has been appointed as general manager for the Amer Sports group in Europe, the Middle East and Africa (EMEA), as part of its moves to realign functions to a more consumer-focused sales and channels organization.Fuchs has been with the Finnish owner of Salomon, Atomic, Suunto and many other ...
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Amer adjusts for digital growth
The Amer Sports group is adjusting its business structure to create a connected devices and services category, as the Finnish sporting goods supplier is multiplying efforts to launch connected products.The new category is covering Amer's digital services and technologies along with the former Sports Instruments division, which chiefly covers the ...
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Hi-Tec to be acquired by Cherokee
Cherokee Global Brands (CGB), a U.S. company specializing in apparel sales and licensing, has agreed to take over nearly all of the assets of Hi-Tec Sports International for an aggregate purchase price of about $95.8 million from the Van Wezel family, and to transform the Dutch-based sports and outdoor footwear ...
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Woolrich falls under its licensee’s control
In a rare case where a company is acquiring control on a global basis of the brand it distributes or licenses in certain territories, Italy's WP Lavori in Corso is merging its operations with those of Woolrich Inc. to form a new company, Woolrich International, in which it will have ...
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Tenson adds markets and equipment
Tenson is reshaping some of its distribution in European markets after its acquisition in March by Nedvest Capital, a Dutch investment firm, which led to new arrangements for the Swedish outdoor brand in the Benelux countries and the German-speaking markets.Tenson was previously owned by the Unlimited Sports Group (USG), the ...
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Thorlo goes direct in key European markets
Thorlo is adjusting its strategy in the European market, by ending its distribution agreements and switching to agencies in Germany, Austria, France, Spain and the Benelux countries. The U.S. supplier of technical socks explains that the change makes its European sales more cost-efficient and reduces the impact of currency exchange ...
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Devold starts European expansion drive in Germany
Herbert Horelt, former general manager for Haglöfs in Germany, has been appointed to lead a new subsidiary for Devold of Norway in that country, as part of the strategy by the Norwegian specialist in merino underwear to double its international sales in the next few years. They made up 28 ...
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Strategic rethink for some European brands in tough U.S. market
Montane, the British outdoor apparel brand, has obtained a distribution agreement with Neskowin Outdoor for the North American market, replacing a partnership with a smaller distributor, Sport Hansa, which specializes in outdoor equipment.The deal should enable Montane to considerably expand its business in North America, at a time when several ...
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The Higg Index to include a tool for designers
The Sustainable Apparel Coalition (SAC) has expanded its Higg Index to include a tool that will help designers and developers make sustainable choices in footwear and textile prototype design. The new Higg Index Design and Development Module (DDM) collects data on the different products and provides a single design score, ...
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Johnson Outdoors hit by sagging military tent sales
The turnover of the outdoor gear division at Johnson Outdoors slumped by 15.9 percent to $40.0 million for the full year to the end of September, but this was chiefly due to sagging sales of non-core military tents, while the U.S. group boasted unprecedented demand for the Jetboil brand. The ...
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Crocs’ gross margin improves on weaker sales
Crocs posted revenues for the third quarter that were at the low end of the range it had predicted, going down by 10.3 percent over the year-ago quarter to $245.9 million, or by 11.6 percent on a constant-currency basis.However, the gross margin topped expectations, exceeding the guidance by approximately 2.0 ...
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Rocky sees inventories normalizing
Rocky Brands reported sales of $73.2 million for the third quarter, which represent a 4.6 percent increase versus the comparable period last year. The company said that inventory levels, which had grown due to last year's warm winter, began to normalize in the third quarter, with orders finally picking up. ...
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Earlier dates and more events for OR
The organizers of Outdoor Retailer have confirmed that they will be moving the dates of its two fairs forward by about six weeks from 2018 onward - in June for the Summer Market and in November for the Winter Market. It's a major move for the biggest remaining sports trade ...
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Karstadt’s owner buys Internetstores
Internetstores, the European online retailing group for cycling and outdoor products, is to be taken over by Signa Retail, the Austrian holding company that controls Karstadt and Karstadt Sports. Signa is acquiring a stake of 87 percent in Internetstores by buying the share of 42 percent held by EQT Expansion ...
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Jack Wolfskin heading for debt restructuring?
Jack Wolfskin could reportedly face debt restructuring measures relating to debt of €365 million, as the German outdoor brand's performance is deteriorating and it may struggle to comply with the conditions set forth in agreements with lenders.While Jack Wolfskin declines to comment on the situation, Reuters reports that the company ...
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Fenix Outdoor raises sales and profit
Warm weather in September affected sales of Fenix Outdoor International around the end of the third quarter, yet the Swedish-based outdoor brand owner and retailer managed raise sales and a more significant increase in operating profit for the three months until the end of September.The entire group's sales were up ...
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Casey Sheahan is Keen Footwear’s new CEO
Keen Footwear has appointed Casey Sheahan as its next president, effective Nov. 14. He replaces Steve Meineke, who was set to retire in mid-November. Meineke will continue to collaborate with the company as an active member of the advisory council. Sheahan has a 35-year experience in the outdoor, athletic and ...
