The auction for Thule has come to an end with British buyout shop Candover winning out as the brand’s new owner. EQT Partners, Thule’s former owner, opted to offer the company up for sale instead of conducting an initial public offering on the Stockholm
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Watermark Outlines Portland Move…
Watermark made their pending move from Arcata, CA to Portland, OR official, shifting all corporate headquarters functions and the Landsports division north in early 2005, while leaving call center, credit collections, accounts receivable, IT, and HR funct
Columbia Refines EU Strategy; Boosts 2004 Guidance on Stronger Backlog…
Columbia Sportswear continued to log double-digit gains in both net income and sales in the third quarter despite continued softness in the company’s U.S. Outerwear business. COLM said that consumers were shifting away from Outerwear and more toward their
PUMA Gets International Lift to Post Record Q3…
PUMA looked to the International markets a bit more in the third quarter to help post another record period, counting on the Americas to deliver a bigger piece of the revenue pie as Europe retail continues to challenge the industry. The company said the b
But Charges Impact Net Income Line…
The Fitness Equipment business, which is built on the Precor platform, increased 19.3% to €50.1 million when measured in Euros, but jumped 29.5% to $61.3 million when measured in U.S. dollars. Third quarter EBIT for the division declined 44% to €4.2 mill
Columbia Refines EU Strategy; Boosts 2004 Guidance on Stronger Backlog…
Columbia Sportswear continued to log double-digit gains in both net income and sales in the third quarter despite continued softness in the company’s U.S. Outerwear business. COLM said that consumers were shifting away from Outerwear and more toward their
Rawlings Announces 2004 Gold Glove Winners
Rawlings Sporting Goods Company Inc, the Official Baseball Supplier to Major League Baseball and the number one brand in baseball gloves, is proud to announce the 2004 Rawlings Gold Glove Award American League winners…
Sporting Goods Hall of Fame Elects Five New Inductees
The Sporting Goods Industry Hall of Fame Committee has elected five new Hall of Famers. Roger Atkin, formerly of NFL Properties; James W. Cabela, Mary A. Cabela and Richard W. Cabela of outdoor retailer Cabela’s; and Konstantin (Conny) Klimenko of Sevylo
SGMA Elects New Board; Tom Rogge is Chairman
SGMA International is pleased to announce the election of a new chairman and vice chairman. The new chairman of the Board of Directors is Tom Rogge, president of Cramer Products, and the new vice chairman is Steve Furniss, EVP of TYR Sport, Inc. The forme
PUMA Q3 Results Set Company Record for GM and EPS
PUMA’s third quarter showed another outstanding performance with growth in consolidated sales of 16.5% on a currency-neutral basis, or by 14.6% to €461 million ($564 mm) in Euro currency. Gross margin hit a new high in Q3, coming in at of 52.8% of sales.
Russell Corp. Q3 Net Up 45%; Organic Growth Up 3.7%
Russell Corporation reported fiscal 2004 third quarter sales of $422.7 million, an increase of 8.9% over the same period a year ago. RML also reported a 45% increase in earnings to $26.9 million, or 82 cents per diluted share, versus $18.5 million, or 56
Interbike Adds Westcott to Sales Team
Interbike has added Kevin Westcott to their sales team. Westcott replaces Adam O’Brien as Account Executive for Interbike’s growing portfolio of trade events – Interbike Expo, OutDoor Demo and the inaugural Winterbike, planned for February 2005. No stran
KSA Names Black Managing Director, N.A.
The Board of Directors of Kurt Salmon Associates, and CEO Bill Pace announce the appointment of Jerry T. Black to the position of Managing Director, Consumer Products Division, North America. Mr. Black has held a series of senior positions at KSA. He cur
Thule AB Acquired by U.K. Buyout Firm
Thule AB will be acquired by Candover Investments, a U.K. buyout firm, from current owner EQT Partners AB, a Stockholm- based buyout firm backed by the billionaire Wallenberg family. Thule AB was acquired by EQT Scandinavia II in 1999. The deal is repor
Garmin Q3 Revenue Jumps 43%; Beats EPS Guidance by 13 Cents
Garmin posted record revenue and earnings for its third fiscal quarter ended September 25, 2004. Revenue increased 43% to $193.6 million from $135.6 million in the year-ago quarter. Net income was $67.1 million, or $0.62 diluted earnings per share, com