SGI Europe

Published since 1989, SGI Europe is the leading international business publication on the sporting goods market in Europe, focusing on brands, manufacturers, retailers and suppliers operating in this important region of the world. A minimum of 40 issues are published each year. On top of that a weekly industry round-up by Email.

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  • on-running-logo8_800x800
    Article

    Despite supply chain challenges, On continues to grow after IPO

    2021-11-17T06:47:00

    In its first quarterly report since its IPO, On Holding reported a sales increase of 67.6 percent to 218.0 million Swiss francs (€206.9m-$234.5m) in the third quarter ended Sept. 30, leading to a growth of 77 percent for the first nine months of 2021. The gross margin expanded by 5.6 ...

  • WOLVERINE-WORLDWIDE-INC.1
    Article

    Wolverine breaks even, but Q3 sales impacted by supply chain issues

    2021-11-12T06:24:00

    Wolverine Worldwide saw revenues in the third quarter rise by 29.1 percent to $636.7 million compared with the prior year, boosted by incremental revenues of $39.1 million from the acquisition of Sweaty Betty in August and the strong performance of its Saucony brand. However, the management said that supply chain ...

  • Canada Goose
    Article

    Canada Goose with strong momentum, improves guidance

    2021-11-07T17:22:00

    Canada Goose reported an improved gross margin and a lower operating margin on a 19.6 percent increase in revenues to 232.9 million Canadian dollars (€161.9m-$187.1m) for its second quarter ended Sept. 26. Excluding the exceptional revenues from personal protective equipment recorded in the same period a year ago, comparable sales ...

  • Shimano_logo.svg
    Article

    Shimano’s bicycle segment up 30%, raises forecast

    2021-10-28T06:11:00

    While reporting excellent figures for its third quarter ended Sept. 30, Shimano said it was expanding production capacity at its factories in Japan and overseas to respond to the growing global demand for its products, as Covid-19 outbreaks have disrupted both manufacturing and logistics everywhere.

  • tecnica-group-sede2020
    News briefs

    With 27% growth in H1, Tecnica performed better than in 2019

    2021-08-26T05:45:00

    Italian Tecnica Group posted revenues of €173.7 million in its H1 that ended June 30 (+27 percent compared to H1 2020). Ebitda increased to €17.1 million from €2.7 million in H1 last year. The net result shows a loss of €2.5 million (€14.2 million in H1 2020). Lowa, Rollerblade and ...

  • Roger Schnegg Swiss Olympic_Roger Federer_Caspar Coppetti On
    Article

    On Holding files registration for IPO

    2021-08-25T06:17:00

    On Holding, the Swiss company that owns On, the performance brand specializing in running and trail running founded in Zurich in 2010 by Olivier Bernhard, David Allemann and Caspar Coppetti, has announced that it has filed a registration statement with the U.S. Securities and Exchange Commission (SEC) for a proposed ...

  • Reebok
    Article

    Adidas to sell Reebok to ABG for €2.1 bn

    2021-08-15T17:15:00

    On Aug. 12, Adidas has entered into a definitive agreement to sell Reebok to the Authentic Brands Group (ABG) for a total of up to €2.1 billion. The majority will be paid in cash at the time of closing, which is expected to occur in the first quarter of 2022, ...

  • Callaway_Logo
    Article

    Topgolf and golf boost Callaway, outdoor shows resilience

    2021-08-11T05:36:00

    Callaway Golf’s revenues increased 208 percent to $914 million in the second quarter ended June 30, thanks in part to the first-time inclusion of Topgolf, which is now the group’s third operating segment along with golf equipment and soft goods and whose sales nearly doubled, compared to the prior year, ...

  • Boardriders
    News briefs

    Nicolas Foulet is Quiksilver Europe’s new president

    2021-07-28T08:15:00

    According to Shop Eat Surf, Nicolas Foulet, chief information officer at Boardriders since 2015, is the new president of EMEA for Quiksilver. He takes over the role from Greg Healy, who was responsible for Europe in addition to APAC since 2019. Healy had added Europe to his portfolio after Thomas ...

  • Small-Thule_Tepui_Foothill_LS_Laholm_Landscape_200922_24836
    Article

    Thule benefits from growing recreational trends despite lockdowns in Q2

    2021-07-21T14:24:00

    Continuing its strong growth trend for the fourth quarter in a row, the Swedish-based Thule Group reported improved results for the second quarter ended June 30. Net sales went up by 58.1 percent to 3,229 million Swedish kronor (€315.5m-$371.4m) compared to the same period a year ago, when major markets ...

  • ANTA-logo-and-wordmark
    Article

    Anta Sports publishes profit warning

    2021-06-18T10:52:00

    Amer Sports’ profitability is apparently improving faster than that of the rest of the Anta Sports Group. In a profit warning, Anta, which heads up the joint venture that took over the group two years ago, says it expects a decline in the losses of a joint venture, which we ...

  • amnesty-logo-01
    Article

    Amnesty accuses China of crimes against humanity in Xinjiang

    2021-06-15T05:45:00

    Amnesty International has released a 160-page report titled Like We Were Enemies in a War: China’s Mass Internment, Torture and Persecution of Muslims in Xinjiang. Since 2017, Amnesty argues, Chinese authorities have been using “one of the world’s most sophisticated surveillance systems and a vast network of hundreds of grim ...

  • goldwin-logo
    News briefs

    Goldwin sets new financial and sustainability targets

    2021-06-10T15:37:00

    Goldwin has laid out a plan to reach an annual turnover of 125 billion yen (€940m-$1.15bn) by the financial year ending in March 2026, up from 100 billion this year, while transitioning to 100 percent recycled and biosynthetic materials. The Japanese company, which markets 18 different brands in its home ...

  • luhta-sportswear-company
    Article

    New boss and new structures for Dachstein’s parent

    2021-06-08T13:14:00

    Juha Luhtanen, 51, became the new managing director of the Luhta Sportswear Company on May 4, taking the place of his older brother, Vesa Luhtanen, who has retired after many years at the helm of the Finnish-based family-owned company, previously known as the L-Fashion Group. The change of management has ...

  • Deckers
    Article

    Deckers grows in Q4, led by further expansion of Hoka One One

    2021-05-24T16:25:00

    Deckers Brands’ sales growth gained momentum in the fiscal fourth quarter, led by the continued global expansion of Hoka One One and a strong showing at its core Ugg brand. In the three months ended March 31, the group’s revenues increased by 49.7 percent to $561.2 million and were up ...

  • terrex_logo
    News briefs

    Adidas grows by almost 60% in the outdoor segment

    2021-05-10T05:39:00

    Adidas’ sales of outdoor products increased by nearly 60 percent in the first quarter of 2021 thanks to the new Terrex collection for fast trail running. Running and training were up by about 20 percent and more than 30 percent, respectively. Excluding Reebok, which is up for sale, Adidas’ sales ...

  • News briefs

    On Running said to be eyeing IPO again

    2021-05-06T07:28:00

    On, the Zurich-based sports brand backed by Roger Federer, publicly denied a report in a Swiss newspaper last July that it was planning to go public in 2021. Citing a source close to the matter, Reuters reported again on April 30 that On was making preparations for an initial public ...

  • 20210419 Mattias Rönngren Foto Klas Rockberg-P1014584 (kopia)
    News briefs

    Huski Wear becomes clothing partner of Team Sweden Alpine

    2021-05-05T05:36:00

    Huski Wear, a new Swedish skiwear brand, will replace Norwegian brand Helly Hansen as the apparel partner of Team Sweden Alpine, the Swedish alpine ski team, starting July 1. As part of the partnership, Huski Wear has committed to supporting the development of skiing among Swedish youth. Helly Hansen began ...

  • News briefs

    German Parliament wants to set new rules for Click&Meet and Click&Collect

    2021-04-22T05:46:00

    The German Bundestag has decided to raise the minimum threshold for non-essential retail Click&Meet services for counties or municipalities where 150 out of 100,000 residents are infected with Covid-19. If the incidence is higher for three consecutive days, only Click&Collect is possible. The Federal Council is scheduled to take a ...

  • Amer_Sports_Logo.svg
    Article

    Moody’s upgrades outlook for Amer Sports

    2021-04-21T07:14:00

    Providing some interesting figures on Amer Sports’ latest performance and some interesting projections, Moody’s has changed its outlook for the company from negative to stable. However, it maintained an overall B3 corporate rating on Amer’s debt, feeling that its credit metrics will remain weak over the next 12 to 18 ...

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