Latest News & Analysis – Page 278
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Will Blackstone Acquire The Paw At Last?
Jack Wolfskin may be sold after all. According to Reuters, the Blackstone equity fund has started exclusive negotiations over the possible acquisition of the German outdoor apparel and equipment company, and they may be concluded by the third quarter of this year. Reuters mentions a potential valuation of €700 million ...
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Unfair Competition? Columbia Tries To Make Gore Sweat
Columbia Sportswear, along with OutDry Technologies, the Italian developer of breathable membranes that it acquired last year, have appealed to the anti-trust authorities of the European Commission (EC) to check whether the practices of W.L. Gore & Associates are in line with the European Union’s competition laws. The plaintiffs allege ...
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Salewa Joins Bluesign And Presents Sustainability Projects
The Italian company has finally agreed to sign a contract with Bluesign, the Swiss standard for social and ecological responsibility. This news comes along with Salewa’s announcement that it will present a detailed report on the group’s corporate social responsibility and performance in terms of sustainability at the OutDoor show.The ...
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Peak Performance Expands In Poland And Spain
Peak Performance, the Swedish outdoor and winter sports apparel brand, picked ProAm Sport, a company in the Mega Sport group in Barcelona, to distribute its products in Spain and Andorra from the start of June. This company already markets brands from Rossignol to Dynastar, Lange, Haglöfs and FitFlop, among others. ...
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Big Growth For Regatta
After rising by 52 percent in 2010, the sales invoiced by the Regatta Group have increased by 35 percent across Europe so far this year, thanks in part to the generous margins that this British company grants to retailers on its value-priced Regatta and Dare2B ranges of apparel.Company officials declined ...
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New Layout For Gregory’S European Distribution
As reported earlier, Gregory is restructuring its entire distribution network in Europe, following last year’s merger with Black Diamond. The backpack brand remains separate from Black Diamond, though both brands have merged their European headquarters in Reinach, Switzerland.After stopping a distribution deal with Invia, which continues to sell Mountain Equipment ...
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Infighting In New Zealand
Jan Cameron, the founder of Kathmandu, an outdoor company in New Zealand, has reportedly bought a stake worth 20 million Australian dollars (€14.9m-$21.1m) in Macpac Outdoors, a rival from the same country. Cameron sold Kathmandu for about A$275 million (€204.9m-$289.9m) in 2006 to a group of private equity firms that ...
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Mctrek Has Been On Track During The First Six Months
Yeah! AG, the operator of the Sine and the discount-driven McTrek stores in Germany, reports positive results for the first six months of the current year. Sales increased by 23 percent in that period. That came after an increase of 45.2 percent over the whole 2010 financial year, when turnover ...
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The European Union Regulates Online Retailing
The European Parliament has adopted rules on online retailing that afford more protection for consumers and add constraints for retailers. However, its new Consumer Rights Directive does not include the tougher demands that had been put forward by German parliamentarians – that online retailers should have the facilities to deliver ...
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Asia Outdoor Expects Record Attendance In Nanjing
Asia Outdoor, the trade show being held in Nanjing, China, for the sixth time, reports an increase of exhibitors by 20 percent to 420 brands compared with the previous year. New exhibitors are, among others, Sympatex, Bluesign, Osprey, Scarpa, Eagle Creek and Toray.According to Knut Jaeger, the show’s organizer, some ...
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Big Growth For Toray
Toray Industries’ consolidated sales grew by 13.2 percent to 1,539.7 billion yen (€13,269.8m-$18,999.7m) in the financial year ended March 31. The big Japanese group generated net income of ¥57.9 billion (€499.0m-$714.5m) for the 12-month period, against a loss of ¥14.1 billion the year before. The operating margin improved to 6.5 ...
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Fenix Moves Into Finnish Retail And Acquires More Distributors
The Fenix Outdoor group, which owns the Swedish Naturkompaniet retail chain of outdoor stores along with Fjällräven and several other brands, has extended its retail presence to Finland, where it fully acquired the Partioaitta chain last month.Partioaitta is the largest specialist outdoor retail chain in Finland, with 11 stores around ...
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Lowa Posts Record Sales For 2010
Partially due to good weather conditions in some key markets, Lowa was all the way up in 2010. Both the company, Lowa Sportschuhe, and the brand alone managed to have a record year. Total sales increased from €107 million in 2009 to €132 million. The figures include those of the ...
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Lafuma Turns Around At Last
After several years of negative results, the Lafuma Group finally reported a net profit of €0.7 million for the six months ended March 31, which compares with a loss of €0.8 million in the same period a year ago. Total revenues grew by 0.9 percent to €122.4 million, reversing the ...
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A New E-commerce Operator On The French Outdoor Market
Agnès Mermoz, a veteran of the French sporting goods industry, has created a new web shop, Altitoo, specializing in the sale of outdoor products over the internet on the French market together with a webmaster, Romain Jouas. The site offers men’s and women’s apparel, footwear and accessories but does not ...
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Timberland Has A New Euro Chief
Gordon Baird is returning to Timberland to run its European operations, starting next week. Stationed in the U.K., he basically takes over the previous responsibilities of Richard O’Rourke, a veteran of the company who has been promoted to senior vice president for international operations, adding Asia to his territory. Baird ...
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Adidas Outdoor Is On Track With Its Ambitious Plans
Apparently, Adidas Outdoor is on its way to meet the target of €500 million in global sales by 2015. In 2010, the outdoor division of the Three Stripes managed to reach sales of more than €200 million, with significant double-digit growth. In the first quarter of this year, sales were ...
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Swiss Intersport Creates A Strong Alliance Of Outdoor Retailers
Intersport PSC has formed a unit of retail members who will commit to providing a comprehensive offer of outdoor products to their customers. According to Urs Müller, chief executive of Intersport's Swiss licensee, the original plan was to rally 30-50 retailers with a strong standing in the outdoor segment. Currently, ...
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The Dutch Tribe Of Beavers Has A New Chief
From the start of this month, Greg Nieuwenhuys is the new chief executive of Bever, the leading Dutch outdoor retailer previously called Bever Zwerfsport, which is owned by the same investors as A.S. Adventure in Belgium and Cotswold Outdoor in the U.K. Based on the initials of the three retail ...
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Black Diamond Climbs Up With Stunning Speed
Black Diamond reported sales of $39.1 million for the first quarter of this year, up by 18 percent from a year ago on a pro-forma basis, including the sales of Gregory Mountain Products prior to its acquisition. Black Diamond alone scored a 36.3 percent increase to $28.7 million, with gains ...
