Latest News & Analysis – Page 247
-
Article
Excellent quarter for Columbia, but not in Europe
Columbia Sportswear is upgrading its financial outlook for this year in reporting a 120 percent increase in net income to $22.3 million on 22 percent higher revenues of $424.1 million for the first quarter of 2014.Sales in the U.S. rose by 20 percent to $241.2 million, aided by an exceptionally ...
-
Article
Bernard Mariette takes over Lolë
A group of investors has acquired a stake of around 80 percent in Coalision, the parent company of Lolë, but it has not acquired its other major brand, Orage, which has been bought by its founders. Positioned as an outdoor-oriented and yoga-inspired wellness brand for women, Lolë has raised its ...
-
Article
Canada Goose opens a European office
Canada Goose is making a stronger commitment to the European market by opening an office in London. Located behind Oxford Circus, it will provide marketing support for all of Europe and house the company's new sales team for the U.K. and Ireland. Like three other offices opened in the last ...
-
Article
Bressan acquires Garmont
Garmont, the Italian brand of outdoor shoes, is considering the development of its first line outdoor apparel under the ownership of the Italian Bressan group, whose multiple activities include the design, development and production of rather technical outdoor and ski apparel for some important international brands through a company called ...
-
Article
J.H. Whitney sells Igloo, buys Confluence
J.H. Whitney Capital Partners has cashed out of Igloo Products Corporation, which claims to be the world's largest producer of coolers, keeping a minority share in the company. Its control is shifting to Acon Investments, another private equity firm based in Washington, D.C. Gary Kiedaisch, chief executive of Igloo, and other ...
-
Article
Acquisitive JD turns around in outdoor
+JD Sports Fashion has made its fourth acquisition in two years in the British outdoor retail sector and the third one in the last six months with the reported takeover of 14 of the 17 Oswald Bailey stores in the southern part of England. According to OCC Outdoor, the Bailey ...
-
Article
A.S. Adventure’s owner reviews strategic options
Lion Capital, the British investment fund that acquired more than 90 percent of the shares in A.S. Adventure in 2007, has mandated its house bank, Rothschild, to review strategic options including the sale of its stake or the flotation of some of the equity on the stock exchange. It is ...
-
Article
XXL enters Finland
EQT, the Scandinavian equity fund that acquired a controlling stake of 70 percent in XXL Sport & Villmark in 2010, is said to be considering cashing out of the Norwegian sporting goods retail chain, which has successfully expanded to Sweden under its ownership, with excellent results. It is now ...
-
Article
Kathmandu introduces international shipping
Kathmandu Holdings, the outdoor retailer based in New Zealand, has launched an international shipping facility to service orders from end users anywhere around the world, capitalizing on a database of 13,000 customers - mostly tourists - who have become members of its Summit Club by shopping at any of its ...
-
Article
Amer reports good outdoor results
The Winter & Outdoor segment of Amer Sports, which comprises brands such as Salomon, Arc'teryx and Suunto, among others, enjoyed a nice sales increase of 12 percent in terms of local currencies during the first quarter of 2014, with gains of 14 percent in footwear, 21 percent in apparel, 8 ...
-
Article
VF's outdoor brands perform better than expected
VF Corporation has upgraded its sales forecast for Timberland after a very good first quarter in which the brand\'s sales rose by 12 percent, two percentage points better than the group had expected in February. As for The North Face, its sales went up by 14 percent in the quarter, ...
-
Article
VF reshuffles its management
VF Corporation has made several changes to the management structure of its Outdoor & Action Sports Coalition in Europe and the U.S. to cope with its growing size, and possibly to accommodate new acquisitions.In Europe, it announced a few days ago the appointment of Mariano Alonso, a former executive ...
-
Article
Merrell and Europe outperform at Wolverine
Wolverine Worldwide reported yesterday a 2.8 percent drop in its revenues to $627.6 million for the first quarter of its financial year, ended on March 22. However, the management told financial analysts that Merrell grew by a “very strong” double digit during the period, and that the group's overall sales ...
-
Article
Deckers is optimistic
Deckers Outdoor Corporation is predicting increases of 13.0 percent in sales and 13.5 percent in net earnings for the current financial year, which began on April 1 and will end in March, 2015. Deckers has changed its financial year-end from Dec. 31 to March 31 and is switching its stock ...
-
Article
Mammut grows by 6.2%
Mammut Sports Group raised its sales by 6.2 percent in 2013 to 246.9 million Swiss francs (€202.41m-$208.80m). A negative impact of 2.2 percentage points from changes in foreign currencies was offset by a positive impact of 1.1 percentage points from the takeover of the distribution of its products in South ...
-
Article
Sales are off by 11.4% for Lafuma
The Lafuma Group reports a 12.6 percent decline in its total revenues to €53.8 million for the firstg quarter ended March 31, with a drop of 11.4 percent in constant currencies. While sales of camping furniture increased by 3.2 percent to €15.2 million, the newly merged Mountain & Outdoor segment ...
-
Article
Patagonia moves into fly fishing
Patagonia has just launched apparel, gear and a marketing campaign to promote fly fishing. The company's founder and owner, Yvon Chouinard, a keen fisherman himself, has also written a book on the subject, “Simple Fly Fishing: Techniques for Tenkara and Rod & Reel,” a sort of back-to-basics manifesto recently released ...
-
Article
Patagonia invests in sustainable textile processing
Patagonia has announced a strategic investment in CO2Nexus, a start-up that has developed a method of processing textiles and garments using liquid carbon dioxide in place of water. The investment is made through the $20 Million & Change fund, Patagonia's venture capital investment arm, launched in 2013 to help like-minded, ...
-
Article
Sherpa Adventure Gear mourns avalanche victims
The tragic death of between 13 and 16 Sherpas from an avalanche on Mount Everest ten days ago has drawn attention to the plight of the courageous group of Nepalese mountain guides who have been risking their lives every spring to aid foreigners to reach the summit of the world's ...
-
Article
Timberland reports progress toward sustainability goals
Timberland has released its 2013 Corporate Social Responsibility (CSR) Report, presenting data on its commitment to reduce its impact on the environment while keeping the sustainability of its supply chain under control and contributing to the well-being of communities worldwide. The brand first started reporting annual data on its CSR ...
