All Article articles – Page 135
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ArticlePE firm to acquire NPD Group
The private equity firm Hellman & Friedman (H&F) will soon be entering into a binding and exclusive agreement to purchase the NPD Group, once the latter’s employee-works council has been lawfully notified and consulted. Founded in 1966 and headquartered in Port Washington, New York, NPD claims to be the world’s ...
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ArticleUEFA proposes an Intercontinental Nations League
FIFA and UEFA are both trying to expand the range of football mega-events that they are offering to the public. After the failure of its Super League project in April, the European organization is reacting to FIFA’s new plans to double the frequency of its World Cup by signing a ...
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ArticleClarus sees sales growing by 62% this year
Clarus Corp., the Utah-based parent company of Black Diamond and Pieps, said it expects to report a sales increase of 66 to 67 percent up to $107-$108 million for the third quarter ended Sept. 30, with a strong momentum across all brands. Black Diamond’s sales are expected to have increased ...
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ArticleNew revised ISPO Awards with four application deadlines per year
The ISPO Group has announced that it will now honor the highlights of the sporting goods industry four times a year with its conceptually revised ISPO Awards. As usual, a jury of experts will evaluate all submissions individually based on criteria such as design, function, sustainability and innovation – but ...
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Decathlon is making new environmental pledges for 2026
Decathlon says it has spent the past two years working with the United Nations’ Intergovernmental Panel on Climate Change (IPCC) to bring its design, production and distribution into line with the Paris Agreement on the earth’s climate. It says that its carbon intensity (tCO2e per euro) has declined by 10 ...
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ArticleSome French employees strike over pay at Decathlon
The CFDT called on Decathlon’s employees to go on a national strike in France on Saturday, Oct. 16. The union, third largest by employee representation, is seeking to raise employee compensation in view of this year’s “record profits” at the French producer and retailer of sporting goods. According to a ...
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ArticleUA elevates Massimo Baratto as chief consumer officer in management reshuffle
Under Armour has promoted Massimo Baratto to the interesting new position of executive vice president and chief consumer officer, effective Nov. 1. He has been serving since May 2018 as managing director of the company’s EMEA region, based in Amsterdam. In conjunction with this announcement, UA said that he will ...
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ArticleNPD: The world market was flat or down 4% in 2020
It’s all a matter of defining the scope of the sporting goods market. The NPD Group’s annual Global Sport Market Estimate shows that it remained flat at €429 billion in the 2020 pandemic year, after continued increases since 2009. The NPD study points out that it would have fallen by ...
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ArticleTwo new top managers for Intersport International
Christian Wille, a 43-year-old German citizen who holds a university degree in international finance, will take the place of Martin Künzi as chief financial officer of Intersport International Corp. (IIC) as of January 2022. He will join IIC’s executive management board at the same time as Mateja Jesenek, a 54-year-old ...
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Boohoo launches a marketplace for fashion and sports goods
The Boohoo Group, the British fast-fashion online retailer that bought the brand name and the e-commerce operations of the Debenhams department store chain in January, is using it now to launch what it claims will be the biggest national online marketplace for sporting goods as well as fashion, cosmetics and ...
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ArticleILO adopts code of practice for shoe and apparel manufacturing
To provide a practical basis for employers, workers and governments to work together to advance an occupational safety and health (OSH) prevention culture in the textile, clothing, leather and footwear manufacturing sector, the International Labour Organization (ILO) has worked out its first code of practice on safety and health for ...
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ArticleAsos’ CEO quits in connection with a profit warning
The chief executive of Asos, Nick Beighton, is departing the U.K.-based online fashion retailer in a shock move as the company issued a profit warning, citing supply chain issues and rising costs combined with a slowdown in its growth. Asos is facing “notable cost headwinds” from inbound freight fees, wage ...
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New Ipsos/WEF study on exercising in 29 countries
A study by Ipsos and the World Economic Forum shows that people in 29 countries spend on average 6.1 hours per week on exercise or sports. Rates are hardly uniform within the cohort, however. The least active people appear to be Brazilians, spending three hours per day, whereas the ...
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ArticlePon Holdings acquires Dorel Sports
The Dutch Pon Holdings group and the Canadian conglomerate Dorel Industries officially announced on Oct. 11 that Pon.Bike (brands Cervélo, Focus, Gazelle, Juliana, Kalkhoff, Santa Cruz, Union, etc.) will acquire Dorel Sports (brands Cannondale, Caloi, GT, Mongoose, Schwinn, etc.). According to the two parties, this mammoth marriage will create “a ...
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iFIT drops its planned IPO, Allbirds revises it
Allbirds has revised its proposals for an initial public offering, and iFIT Health & Fitness has postponed its plans to go public, citing “adverse market conditions.” Meanwhile, an acquisitive American maker of camp stove, Solo Brands, has filed an application for an IPO with the U.S. Securities & Exchange Commission ...
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Article50% digital ticket discount for EDM subscribers for NEXT TEXTILE conference on Oct. 12
SGI Europe and the other news services of EDM Publications are happy to announce that their subscribers are invited to benefit from a 50 percent discount on digital tickets for a NEXT TEXTILE conference in Sweden. You can find the discount code at the end of the article.
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ArticleIndustry stocks fell by 8.3% in Q3
The stock market valuation of the sporting goods sector fell by 8.3 percent on average between June 30 and Sept. 30 of this year, after rising by 10.9 percent during the first quarter and by 25.6 percent during the second quarter. In contrast with previous quarters, the sector performed less ...
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ArticleTechnogym teams up with Dior
In its first move of the kind to support its upmarket image, Technogym has partnered with the creative team at the Christian Dior fashion house to develop an exclusive, limited-edition line of home fitness products. The stylish, black and white line includes a treadmill, a multi-function bench and a wellness ...
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ArticlePromising tennis sales in Europe for H1 2021
According to Sports Marketing Surveys (SMS), sales of tennis racquets and strings for the first half of this year rose in all eight of Europe’s major tennis markets: Austria, France, Germany, Italy, the Netherlands, Spain, Switzerland and the U.K. Year-on-year growth in volume (45.3%) outpaced growth in value (40.7%), with ...
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Bernard Tapie, former owner of Adidas, has passed away
Bernard Tapie passed away on Oct. 3 after a four-year fight against cancer, only three days before a scheduled Oct. 6 verdict by a Paris Appeals Court over the controversial sale of Adidas to the late Robert Louis-Drefus in 1994. He was 78 years old. Tapie, a very popular French ...
