The Salomon winter sports business had contributed very little operating profit to the company’s overall financial performance since its acquisition and the TaylorMade-adidas Golf division had struggled at various times to deliver good earnings. However, TaylorMade seemed to have turned the corner in 2005 with sales and operating earnings improving by 12% and 185%, respectively, during the first six months of 2005...
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Salomon’s operating loss of 8054 million euros during the first six months of 2005 was 7% greater than its 8050 million loss during the same period in 2004. The company announced near the end of its second quarter 2005 that it would divest its winter sports brands and Mavic bicycle components business before the end of the year...
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