BasicNet, the Italian sportswear firm, said its Kappa Spain unit has signed a deal with Spanish sporting goods distributor Proged to distribute BasicNet’s Kappa and Robe di Kappa brands in Spain, Portugal and Andora. Another deal was struck with the new
Author: SGB Media
G-III Sees Q1 Gains on Factory Closure…
G-III Apparel Group reported net sales for the fiscal 2004 first quarter jumped 47.4% to $18.7 million, compared to $12.7 million in the year-ago period. The company narrowed its net loss for the period ended April 30th to $2.6 million, or ($0.38) per sh
We’re On a Mission From God…
Kingdom Ventures, Inc., which claims to be a rapidly growing church development company, said it has signed an agreement with GiveAnything.com, Inc., an on-line service that enables its clients to purchase and give on-line gift certificates that can be sp
Adidas Sees Q3 Pickup in U.S…
The CFO at adidas-Salomon AG hinted on Tuesday that the company expects stronger fourth quarter sales in sales in the U.S. fueled by higher third quarter orders. Chief Financial Officer Speaking at a conference in Frankfurt, CFO Robin Stalker said that t
Oakley Settles Luxottica Suit…
For the second time in less than sixty days Oakley has been able to settle actions taken to protect its XYZ Sunglass Optic Patents. The company last week settled two patent and intellectual property suits that were pending against competitor/customer, Lu
Nautilus Appeals Loss in ICON Action…
The Nautilus Group, maker of the Bowflex fitness machine, will appeal a ruling last week that saw its motion for a preliminary injunction against rival fitness equipment maker ICON Health and Fitness, Inc. denied by the United States District Court in Was
The U.K. Sees Sluggish April at Retail…
Reports from the Office for National Statistics in the U.K. reflect a retail environment mirroring the sluggish U.S. retail trend. April sales gained a meager 0.3% against the previous month. The U.K. is experiencing its slowest annual rate since May 19
Bat Companies Come Out Pro-Choice…
The Massachusetts Interscholastic Athletic Council voted 12-5 on Thursday to allow the use of aluminum bats in regular-season games next year. The MIAC is the rule making body of the Massachusetts Interscholastic Athletic Association…
It’s All In The Timing…
Federated Department Stores has decided to broaden the use of the venerable Macy’s nameplate throughout the company’s multitude of department store brands. Initially slated for Atlanta and the merger of the Rich’s and Macy’s group there, the largest depa
Yue Yuen Expanding Apparel Empire…
On the heels of its recent move to acquire 73% of apparel manufacturer Pro Kingtex Industrial Co Ltd, footwear-maker Yue Yuen is now reportedly close to a deal with Taiwanese sportswear maker Quang Viet Enterprise Co…
O’Neill Riding Surfer Girl Wave…
After Pacific Sunwear anmed them as one of their top three vendors in both juniors and young men’s apparel, O'Neill Clothing has seized the opportunity to expand the traditional surf brand into the swimwear and girls 7-14 to its juniors line…
Phoenix Takes on Buffalo in San Diego…
Phoenix Footwear Group has signed a letter of intent to acquire H.S. Trask & Co., the Montana-based designer of men's casual boots and shoes started by former Reebok executive, Harrison Trask. Trask, who designs and develops footwear from buffalo an
Bean Moving on Bauer Deal…
Looks like L.L. Bean is getting serious about a possible Eddie Bauer acquisition. The idea first surfaced a few weeks ago after Bauer parent Spiegel filed for Chapter 11 bankruptcy protection and started closing EB stores and terminating employees…
Brunswick Lays Up Short, Takes Par…
Based on “developments” in the ongoing negotiations between Life Fitness and Precor over a lawsuit related to patent rights held by Precor for its cross trainer design, Life Fitness parent Brunswick Corp. will establish a $25 million reserve related to th
New Top-Flite Golf Company Debuts…
It appears that Oaktree Capital and management at the former Spalding Sports Worldwide have made the decision to stay in the golf ball business. The new Top-Flite Golf Company takes the name of the remaining company’s number one brand in revenues and pro
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