All Outdoor Industry Compass articles in Volume 8, Issue 16-17 – Page 2
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Article
Kathmandu rejects a takeover bid
Kathmandu's board of directors and its largest institutional shareholder, Goldman Sachs Asset Management, have rejected a hostile takeover offer for the New Zealand-based outdoor retail chain from the Briscoe Group, a retailer in New Zealand that operates about 80 stores selling homeware and sporting goods. Its 33 sporting goods stores ...
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News briefs
The sixth edition of La Biblia de l'Outdoor has more...
The sixth edition of La Biblia de l'Outdoor has more than 450 pages of product information for the new collections. The publisher, Outdoor Actual, is putting out a first series of 30,000 copies that will be available in outdoor stores and magazine kiosks all over Spain.
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News briefs
Leki has expanded its product range beyond gloves and trekking...
Leki has expanded its product range beyond gloves and trekking and ski poles. Using its own pole technology, the German firm has brought out its first line of camping furniture. It has developed two models of folding chairs with tensile-strength aluminum and reinforced canvas that will hit the market in ...
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Article
Vaude becomes more sustainable
Vaude has announced that around 87 percent of its summer 2014 clothing range bore the Green Shape label, an increase of 18 percent as compared to summer 2013. This is one of the highlights from the recent sustainability report released by the German outdoor brand for 2014. Green Shape is ...
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Article
Gregory establishes European and Asian hubs
Gregory Mountain Products has created regional hubs in Europe and Asia to support its expansion in these markets. They are part of the extra resources allotted to Gregory after its takeover last year, when Black Diamond sold the brand to Samsonite International.While selling the most technical backpacks from the global ...
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News briefs
Deuter has finalized the roster of its “brand ambassadors” for...
Deuter has finalized the roster of its “brand ambassadors” for the 2015/16 marketing season. Mirroring the variety of the company's backpack users, the 21 members of the team are hikers, mountain bike racers, skiers and other outdoor enthusiasts. They will share their travels and outdoor adventures on Deuter's informative and ...
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News briefs
We have already reported on the sale of Backcountry.com by...
We have already reported on the sale of Backcountry.com by Liberty Interactive Corp. to an investment firm, TSG Consumer Partners (Compass no. 8-12+13 of July 13). Liberty has now disclosed that it made a gain of $105 million on the transaction, which gave Backcounty.com a valuation of 11 times projected ...
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News briefs
Alibaba, the huge Chinese-based internet company that owns Tmall.com, the...
Alibaba, the huge Chinese-based internet company that owns Tmall.com, the Taobao marketplace and a dozen other operations, has hired a Canadian-born executive, Michael Evans, as president in its bid to expand internationally. He reports to Daniel Zhang, the group's chief executive who succeeded Jonathan Lu in May. His initial task ...
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News briefs
Patagonia has hired Alex Beasley as its new country manager...
Patagonia has hired Alex Beasley as its new country manager for the U.K. & Ireland. The announcement has come after a series of recent hires and reorganizations as the company continues its restructuring across Europe. Beasley will manage Patagonia's wholesale business and support its retail and e-commerce strategy in the ...
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News briefs
After announcing the sale of Camelbak to Vista Outdoor (see...
After announcing the sale of Camelbak to Vista Outdoor (see our previous issue), Compass Diversified Holdings (Codi) reported a net profit of $24,457,000 for the second quarter, more than four times the $5,719,000 profit of the year-ago period, on 6 percent higher revenues of $284.7 million. The main factor was ...
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Article
New Haglöfs chief outlines strategic adjustments
Haglöfs, the Swedish outdoor company, has adopted nine strategic initiatives to adjust the brand's proposition and improve its profitability in the coming years. The changes are led by Peter Fabrin, the company's chief executive since November.The Dane emphasizes that he has taken the helm at a company with strong brand ...
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Article
Pelican weighs European partnerships and acquisitions
Pelican International is studying European expansion and acquisitions of complementary suppliers, as the appointment of a new president will enable the Canadian water sports equipment company to focus more strongly on strategic development. Marie-Christine Piedboeuf, currently vice-president of operations, is to become president from the beginning of September. She joined ...
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News briefs
After announcing the acquisition of Camelbak and Jimmy Sykes, which...
After announcing the acquisition of Camelbak and Jimmy Sykes, which has already been completed, Vista Outdoor improved its sales forecast for the present financial year, predicting low single-digit growth to a range of $2.17 billion to $2.24 billion. However, implied operating margins before amortization (Ebitda) should reach the lower end ...
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Article
Descente gets control of Inov-8
In pursuit of its new, previously announced globalization strategy, the Japanese company announced the acquisition of an 80 percent stake in the U.K.-based Inov-8 group, for an undisclosed amount. Descente has already been the distributor of the fast-growing brand of off-road running shoes and accessories in Japan, Korea, Hong Kong ...
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Article
Black Diamond grows by 7% currency-neutral
The Black Diamond group's sales grew by 7 percent in local currencies during the second quarter of 2015, but the strength of the dollar and the breath of the company's international coverage caused it to report an increase in reported dollars of only 2 percent to $35.1 million for the ...
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News briefs
The renmimbi has lost about 3 percent of its value...
The renmimbi has lost about 3 percent of its value since the People's Bank of China announced a 1.9 percent devaluation against the strong U.S. dollar on Aug. 11, followed by the establishment of a more flexible system to guide the rate from one day to the next. The develuation, ...
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News briefs
Patagonia's wool supplier, Ovis 21, is at the center of...
Patagonia's wool supplier, Ovis 21, is at the center of an investigation by Peta (People for the Ethical Treatment of Animals) after the release of a graphic video which shows sheep and lambs on two Argentine ranches being skinned while they are still alive. Ovis 21 is one of the ...
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Article
Growth of 15.5% for the global rugged outdoor shoe market in 2014
The global rugged outdoor footwear market grew last year at double the rate of 7.4 percent that we had calculated for 2013. The key vendors' sales of branded outdoor shoes to the trade jumped by 15.5 percent to $4.94 billion in 2014, with increases of 18.5 percent in the U.S. ...
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News briefs
CORRECTION: Scarpa's turnover last year was equivalent to US$105 million,...
CORRECTION: Scarpa's turnover last year was equivalent to US$105 million, not €105 million.
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News briefs
Sequential Brands, owner of many brands including Avia, And1, Heelys...
Sequential Brands, owner of many brands including Avia, And1, Heelys and Revo, reported a net loss of $1.3 million for the second quarter, up from $0.6 million in the year-ago period, despite a 190 percent increase in revenues to $20.2 million. Adjusted operating earnings before amortization (Ebitda) jumped by 240 ...
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