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Amer Group 2003 Profits Down 5.5% on Flat Sales

February 5, 2004 SGB Update

Amer Group's net sales in 2003 were up 0.2% to €1,104.4 million ($1.25 bn) compared to €1,101.9 million ($1.04 bn) in 2002. Excluding foreign currency exchange rates, sales would have increased 9.6%. Excluding both the Precor gain and the FX rate l

Amer Reaches Agreement with Phillip Morris

January 30, 2004 SGB Update

Amer Group has today reached an agreement with Philip Morris regarding its tobacco business. Amer will withdraw from its tobacco business on 26 March 2004 as Philip Morris has agreed to buy back the exclusive right Amer Tobacco Ltd holds to produce and se

Amer Group Reorganizes Management Team

January 28, 2004 SGB Update

Amer Group Plc is reorganising its management structure. As of 28 January 2004, the Group's Executive Team will consist of Mr Roger Talermo, President & CEO; Mr Pekka Paalanne, Senior Vice President & CFO; Mr Max Alfthan, Senior Vice President, Corpo

Amerex to License akademiks Brand for Ourterwear

January 21, 2004 SGB Update

Amerex Group Inc. has entered into a licensing partnership with Kemestre 8 dba Akademiks to manufacture a new line of outerwear for Akademiks men’s and akdmks ladies and girls. The first preview of the new Akademiks men’s and akdmks ladies and girls oute

American Skiing Fiscal Q1 Loss Expands on Lower Revenues

December 10, 2003 SGB Update

American Skiing Company reported a net loss for the first quarter of fiscal 2004 was $41.3 million, or $1.30 per basic and diluted share, compared with a net loss of $39.1 million, or $1.23 per basic and diluted share for the year-ago period. The net los

Amerex Names McVey Designer for Gerry Sportswear Group

December 3, 2003 SGB Update

Amerex Group Inc. announced that it has hired Kathleen McVey, noted performance apparel designer for its Gerry, Mambosok, and Bombshell brands. Ms. McVey joins Amerex Group from London Fog Industries where she was the senior designer for Moonstone Mounta

Amer’s Atomic Division Acquires Volant

December 1, 2003 SGB Update

Atomic, The Winter Sports Division of Amer Group Plc. has acquired the Volant brand from Huffy Corporation. Under the terms of the agreement signed Monday, Atomic will acquire all patents, trademarks and intellectual property as well as the manufacturing

Amer Takes on ATEC, Dumps Tobacco…

November 24, 2003 SGB Update

Wilson Sporting Goods has purchased the Athletic Training Equipment Company from Sport Supply Group for a cash consideration of $10.5 million. ATEC, which manufactures pitching machines and training equipment, posted $11 million in sales last year and we

Amerex Brings in a Trio of New Faces

November 11, 2003 SGB Update

Amerex Group has appointed Adam Berkman, chief financial officer. Mr. Berkman joins Amerex Group from Accruent Inc., a contract management software company that he co-founded, that counts over 100 of the Fortune 1000 companies as clients. He will report

American Eagle Settles on CEO

November 4, 2003 SGB Executive SGB Update

American Eagle Outfitters, Inc. has named Jim O'Donnell Chief Executive Officer, and Roger Markfield Vice-Chairman/President of the American Eagle Division. Previously, Messrs. O'Donnell and Markfield served as Co-CEOs, positions they held since

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