All Article articles – Page 53
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ArticleEssilux steps out of line and acquires Supreme, and a med-tech company
The Italian-French group EssilorLuxottica has announced the acquisition of Supreme from VF Corporation. Essilux and streetwear - how do they complement each other? The company also announced the acquisition of the supplier of medical devices Heidelberg Engineering.
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ArticleMichelle Obama’s Plezi Nutrition joins forces with Stephen and Ayesha Curry
Plezi Nutrition, a public benefit company co-founded by former First Lady Michelle Obama in 2023, is teaming up with Stephen and Ayesha Curry as investors and brand partners.
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ArticleAdidas raises FY forecast after better-than-expected Q2
Adidas continues to surf the wave of success of the Q1 report from May. The company’s sales rose 9 percent to €5.822 billion in Q2. The significantly smaller Yeezy business had a negative impact on the year-on-year result.
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ArticleAfter disappointing Q2 report – XXL’s CEO: “We will cut more in 2024”
SGI Europe spoke to XXL’s CEO Freddy Sobin soon after the company released its Q2 report for 2024, which the company called ”disappointing.”
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ArticleOn Running opens its 35th store globally – on Champs-Élysées
On is the latest of many brands to open a flagship store in Paris. The 35th store’s address is one of the most iconic in Paris: 65-67 Avenue des Champs-Élysées.
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ArticleDecathlon sets up new business entity for investments in future-oriented companies
Decathlon announced the creation of Decathlon Pulse, a wholly-owned, independent entity within the group that will invest in “innovative people and businesses” that share the company’s values and commitment.
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ArticleChampion expands global Creators Program with focus on design and designers
Champion has expanded its Creators Program as part of the “Champion What Moves You” campaign, which the brand launched in September 2023.
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ArticleRyder Cup 2023 reportedly generated €262 million for the Italian economy
The 2023 Ryder Cup at Marco Simone Golf and Country Club in Rome boosted economic activity in Italy by €262 million, according to a report by researchers from Sheffield Hallam University’s Sport Industry Research Centre (SIRC). The figure marks a record for a Ryder Cup held in Europe and an ...
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ArticleXXL Q2 sales disappoint, but signs of improvement in Sweden, Norway
XXL ASA reported what it described as a “disappointing” sales performance in the second quarter of 2024. Its top line fell by 8.7 percent to 1,776 million Norwegian kroner (€151.7m), led by a decline in purchases of higher-priced capital-intensive goods, particularly bicycles. Sales were also negatively affected by limited product ...
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ArticleThe counterfeiting Olympics
About three months ago, French police raided at dawn and shut down 11 stores in the Parisian suburb of Saint-Ouen – site of a famous flea market and not far from the Stade de France. It is also one of three municipalities divvying up the 52 hectares of the Olympic ...
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ArticleApparel manufacturer Hi-Tech Apparel acquires British software company Unmade
Unmade, a London-based scaleup, has been acquired by Bangkok, Thailand-based apparel manufacturer Hi-Tech Apparel. UnmadeOS, Unmade’s platform, uses patented automation and visualization technologies to enable brands to offer bespoke clothing on demand. Existing customers include sportswear brands such as New Balance and Decathlon as well as fashion brands such as ...
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ArticleUnder Armour’s Kevin Ross: “It’s about more than just the game”
Kevin Ross, SVP and EMEA Managing Director at Under Armour, discusses how the brand leverages sports for social impact, focusing on youth empowerment and community well-being. Discover how Under Armour’s initiatives and partnerships aim to prepare young athletes for success in life beyond sports.
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ArticleSanctions hamper Chinese sporting goods export to Russia
Sporting goods wholesalers in Russia started experiencing difficulties in making payments for Chinese goods, which takes a toll on the trade flows. The issue is not pressing yet, as the industry accumulated large stocks of goods in the key categories. Russia’s trade with China dropped by 9.9 percent in the ...
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ArticleAnti-synthetics group forms in US Congress
The Congressional Slow Fashion Caucus was established in the US House of Representatives on June 27. Among its founding members are Marie Gluesenkamp Perez (Washington), Chellie Pingree (Maine), Sydney Kamlager-Dove (California), Grace Meng (New York), Julia Brownley (California) and Jerrold “Jerry” Nadler (New York) – all of whom belong to ...
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ArticleDecathlon leaves Sweden, replaced by Swedish giant
A press release dated July 8 revealed the news that had been expected for several weeks: Decathlon will close its last Swedish door on July 21. The last store of the French giant will soon be occupied by a Swedish giant.
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ArticleBase Detall Sport signals willingness to negotiate with Intersport Spain
The CEO of Base Detall Sport, Miquel Calzada, has told CMDsport that the Spanish buying group is ready to join forces with Intersport Spain or, indeed, any other party as long as it serves a common purpose. Base Detall Sport will not, however, be making the first move. “We, for ...
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ArticleThe NBA’s winningest team is for sale
The Celtics won game five of the NBA Finals, defeating the Dallas Mavericks, on June 18. Boston has now won 18 NBA championships, more than any other team, and within a fortnight of victory, the team was up for sale. Since 2002, the Celtics have been owned by Boston Basketball ...
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ArticleMichael Johnson launches new athletics league
American athletics legend and Olympic gold medalist Michael Johnson has launched a new league. It will be known as Grand Slam Track (GST). The professional track league, officially unveiled on June 18, will bring together 96 of the sport’s fastest stars in four annual Slams across four global cities during ...
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ArticleAddressing physical inactivity: Nike’s strategic approach to inspiring youth
In an exclusive interview, Nike’s Rosalyn Menon Kennedy reveals the company’s initiatives to promote an active lifestyle among youth.
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ArticleIndian fabric supply chain startup raises $1.6 million
Fabriclore, an Indian technology-enabled fabric sourcing platform for fashion companies, announced that it has received $1.6 million in funding led by Bengaluru, India-based PeerCapital and UAE-based Regal Fabrics. Founded in 2016 by entrepreneurs Vijay Sharma, Sandeep Sharma and Anupam Arya, Jaipur-based Fabriclore owes its success to its eight years of ...
