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Sports Industry

Vienna City Marathon 2018: Get Ready for the 35th Jubilee Race

Vienna has recently been crowned the most livable city in the world. It is imperial, vibrant, and the perfect host city for thrilling events. Experience the impressive scenery of historic and modern architecture at a run past Vienna's most beautiful sights. The Vienna City Marathon on 22 April 2018 will be a true theater of emotions and will host more than 40,000 runners from 125 nations. A million spectators along the route will provide the necessary motivation.

March 22, 2018

Black Diamond Equipment Relocates European Headquarters from Switzerland to Austria

Producer of climbing, skiing, mountain sports equipment Black Diamond will move its European headquarters from Basel to Innsbruck. Tim Bantle has been appointed Managing Director. Black Diamond is actively recruiting staff for the new office, with approximately 35 jobs across sales, marketing, customer service, operations and finance. The new office is expected to be operational in May 2016. Black Diamond Equipment was established in 1989 and has its headquarters in Salt Lake City in Utah.

January 14, 2016

Head Reported Lower Sales and Earnings

The Dutch Ski producer, which has its production facilities in Austria, registered a decrease in sales of 1.3%. Higher amortizations caused a reduction in profits.

February 23, 2012

Blizzard Confirms Turnaround

The Austrian ski manufacturer could achieve profits again. Nevertheless, Blizzard´s management demonstrates cautious optimism.

February 4, 2012

Head’s Loss Widens Further as Costs Increase

The Dutch Vienna-listed sports equipment manufacturer generated a net loss of € 12.4m in the first nine months of the year.

November 10, 2011

Winter Tourism: Austria is Favorite for Dutch

Dutch people appreciate Austria as winter tourism location. According to a survey, Austria is ranked on number one.

November 5, 2011

Growth in U.S. Winter Sports Market as a Chance

Against 2010, the U.S. winter sports market shows a rise in sales of 12%. The Austrian winter sports industry regards this as chance.

October 25, 2011

Kneissl Acquired by “Friends of Sports”

The bankrupt Tyrolean ski producer is taken over by a German holding company. The brand name will be retained; the Kufstein production site will be expanded.

October 6, 2011

Strong Order Intake for Head

The Dutch and Vienna-listed sports article manufacturer Head records rising sales. Expectations for 2012/2013 are stable.

September 26, 2011

Kneissl to Be Taken Over by Foreign Investor

Negotiations about the sale of the bankrupt Tyrolean ski producer are about to be concluded. Three investors from Europe and overseas are still interested in an acquisition.

September 23, 2011

Kneissl: Decision about Sale to Be Taken in September

Four international investors are interested in taking over the insolvent Austrian ski manufacturer. A purchase price of € 4m is expected.

August 29, 2011

Head’s Net Loss Widens

The Dutch sporting goods manufacturer listed at the Vienna Stock Exchange incurred a loss of almost € 13m in the first half of 2011.

August 11, 2011

Bankruptcy Judge Stops Production at Kneissl

The Austrian ski manufacturer continues the search for an investor. Production has been stopped by the judge in the bankruptcy proceedings.

July 14, 2011

No Money from Al Jaber: Restructuring of Kneissl Has Failed

The last attempt to rescue the Tyrolian ski manufacturer has failed as majority owner Al Jaber has not transferred the € 2.1m necessary to continue business. The company will be liquidated.

June 15, 2011

Kneissl: Creditors Accept Restructuring Plans

Al Jaber has to pay € 2m into an escrow account before June 15. Otherwise, the Tyrolian company will be liquidated.

June 1, 2011

Al Jaber in Distress

Saudi investor Mohamed Al Jaber has to fight on several fronts in Austria. Kneissl awaits restructuring, loans are due.

April 23, 2011

Sales Increase of 7.4% for Intersport

Sales of Intersport Austria-group grew by 7.4% to € 667.7m (2008/2009: € 622m) in the financial year 2009/2010.

April 20, 2011

HEAD NV Announces Higher Sales

The Dutch/Austrian global manufacturer and marketer of sports equipment, announced the preliminary results today.

February 25, 2011

Kneissl is Insolvent

Parts of the Austrian Kneissl group have started insolvency. Sheikh Al Jaber’s capital contribution did not take place.

February 8, 2011

Kneissl: "Al Jaber pays"

The Tyrolean ski manufacturer promises once more to pay its debts. The state prosecution is already looking into the matter.

January 5, 2011

Kneissl: Insolvency Seems Inevitable

The traditional Austrian ski producer Kneissl, owned by the Arab investor Al Jaber, did not pay its mature liabilities for months.

January 3, 2011

Red Bull Massively Invests in Upper Styria

The Austrian energy drink producer Red Bull re-opens the former Formula1 race track in Styria.

January 1, 2011

Kneissl: Bankruptcy Application Possible Despite Capital Increase

The traditional Tyrolean ski manufacturer Kneissl is possibly facing lawsuits and bankruptcy applications.

November 25, 2010

No Bankruptcy Proceedings Against Kneissl

Contrary to what has been speculated for days, no bankruptcy proceedings have been filed against the Tyrolean ski manufacturer. Five execution applications have been filed however.

November 15, 2010