Did you hear?... Adidas-Salomon to continue production in Argentina

Adidas-Salomon says it intends to continue production of footwear and apparel in Argentina, despite the company's failure to arrive at a new licensing agreement with Gatic.
Author:
Updated:
Original:

Adidas-Salomon says it intends to continue production of footwear and apparel in Argentina, despite the company's failure to arrive at a new licensing agreement with Gatic. Gatic had been Adidas-Salomon's license partner for 30 years. The company announced they would continue footwear and apparel production with a variety of local suppliers. In related news, Adidas-Salomon also announced that they have completed the acquisition of its subsidiary in Italy from Colombos, an Italian family of entrepreneurs. With the purchase, Adidas-Salomon is now represented by wholly owned subsidiaries in all major European markets. Adidas Italy will remain based in Monza, the company said.

Related

Did you hear?... adidas-Salomon announces net sales increase for the first quarter

Based on positive growth in all product segments, with most significant gains in apparel, adidas-Salomon has announced a net sales increase for the first quarter ending March 31 of 5 percent, to reach Euro 1,638 million (USD $ 1.48 billion), compared to Euro 1,558 million (USD $ ...read more

Did you hear?... Adidas-Salomon reports net income up by 15 percent

Despite North American sales that remain flat for the company, Adidas-Salomon reported worldwide net income up by 15 percent to euro 208 million for 2001. The company reported the figure was exactly in line with company forecasts and targets published in early 2001. ...read more

Outdoor: Did you hear?…

For the week of Nov. 2-8 >> Mammut and Climb High (the U.S. distributor for Mammut) have issued a recall for approximately 500 Barryvox avalanche transceivers shipped to U.S. retailers since August 2004. According to Mammut, "tension cracks may appear in the red plastic casing of ...read more

Fitness: Did you hear?...

Fitness: Did you hear?… >> Hoist Fitness’ Quik Change Dumbbell System has won SGMA’s Sports Product of the Year award, but in a tie with Huffy’s Canopy Trike. The dumbbell system, introduced nearly a year ago, allows users to create dumbbells from 7.5 to 75 pounds by easily ...read more

Did you hear?... Columbia continues with their stellar performance reports

Columbia continues to confound and amaze with their stellar performance reports -- this despite a sluggish economy and a relative glut at the apparel level. The company's 4Q report announced record sales of $214.3 million, an increase of 32.4 percent 4Q for 2000. Domestic sales ...read more

Outdoor: Did you hear?...

>> When the SNEWS® team received an invite to head to Utah for a Backbone Media-organized ski outing in Park City, Utah -- come on...it was tough work testing all that apparel and gear from Black Diamond, Obermeyer, Thor-lo, Horny Toad and Polartec -- we naturally accepted after ...read more

Fitness: Did you hear?...

>> Quickly approaching the end of its second quarter June 30, Cybex CFO Art Hicks tells SNEWS there is no update on any refinancing the company said it expected by that date. He also declined comment on rumors that it may not now occur until the third or fourth quarter. "The ...read more

Fitness: Did You Hear?…

>> Life Fitness founder Augie Nieto will introduce a new business venture at the IHRSA conference in San Francisco, IHRSA has announced. Calling him an "industry legend," IHRSA said in a brief announcement that Nieto will develop a nationwide system of medically based weight-loss ...read more

Fitness: Did you hear?...

>> Not that SNEWS watches such trendy programs as "Queer Eye for the Straight Guy." Naaaah. But if you saw the one about the guy who lost 100 pounds and was getting a TV makeover, you'll see the Fab 5 take him to the New York Sports Club, discuss some workout components with a ...read more