News and insights about brands in the sporting goods industry – Page 104
-
News briefsBrooke Farris becomes Rip Curl’s CEO
Kathmandu Holdings has announced that Brooke Farris will assume the position of CEO of Rip Curl, effective Aug. 16, 2021. The appointment follows the previously announced promotion of Michael Daly, who has headed up Rip Curl for 19 years, to CEO and managing director of the whole group. In her ...
-
ArticleAdidas sells Reebok to ABG for up to €2.1bn
Adidas announced on Aug. 12 that it has entered into a definitive agreement to sell Reebok to the Authentic Brands Group (ABG) for a total of up to €2.1 billion. The majority will be paid in cash at the time of closing, which is expected to occur in the first ...
-
ArticleCanada Goose sees sales double in Q1
Canada Goose said it is on track to meet its target for 2022 revenues of over 1 billion Canadian dollars (€681.0m-$799.1m), as its sales doubled in the fiscal first quarter ended June 30 to C$56.3 million (€38.3m-$45.0m) from $26.1 million the year earlier amid significant growth in all geographic regions. ...
-
News briefsHelly Hansen and Musto grew by 46% in Q2
Canadian Tire Corporation reported a 45.9 percent increase in external revenues for Helly Hansen and Musto to 100 million Canadian dollars (€68.5m-$80.3m) for the second quarter ended July 3. Outside Canada, the revenues from the two brands amounted to C$95.1 million (€64.7m-$76m), up from C$64.7 million in the comparable period ...
-
News briefs
Athletes to launch clothing collections on BlueChip platform
BlueChip Holdings has launched a platform that allows famous athletes to connect with their fans and build their own brands. As part of the platform, athletes will release personal clothing collections. Each athlete will work with BlueChip designers to curate the logo and brand that best express their unique personality ...
-
News briefs
Sequential sells two more brands
After reporting the sale of its DVS brand of skate shoes to Elan Polo, the struggling Sequential Brands Group has announced the sale of Ellen Tracy for $17 million and Caribbean Joe for $3 million. The buyer is the GMA Group, which owns Capelli New York and other brands. SBG ...
-
News briefs
Crocs completes new $350m bond issue
Crocs said it completed on Aug. 10 the issuance and sale of $350 million worth of senior notes carrying annual interest of 4.125 percent and due to mature on Aug. 15, 2031. They will be used for share buybacks and general corporate purposes. The notes were purchased by several institutional ...
-
ArticleSlinger Bag raises new funding to become a major connected sports firm
Slinger Bag, the recently founded supplier of portable tennis ball launchers, reports an oversubscribed round of financing through a private placement of $11 million, giving it a valuation of around $220 million. The new fudning is intended to support its vision to become “a leading connected sports company” with key ...
-
ArticleDiversifying into a “one-stop sport shop,” Fanatics is valued at $18 bn in new funding
Fanatics has raised $325 million in a new round of funding that gave it a valuation of $18 billion. The previous round, which took place in March, brought in $350 million and raised the American company’s valuation to $12.8 billion. Fanatics had enjoyed a 20 percent rise in annual revenues ...
-
ArticleVulcabras’ sales growth accelerates in Q2, driven by athletic footwear
Vulcabras, the Brazilian footwear company that owns Olympikus and has licenses with Mizuno and Under Armour, saw sales growth accelerate in the second quarter of 2021, despite continued headwinds tied to the Covid-19 pandemic. Its revenues soared by 304.7 percent on the year earlier to 399.4 million Brazilian reais (€65.6m-$77.0m), ...
-
ArticleMizuno’s Q1 sales rise 49.6%, nearly doubling in EMEA
Mizuno Corp. reported revenues of ¥42.9 billion (€331.1m-$387.9m) in the first quarter of its financial year, ended June 30, an increase of 49.6 percent on the year earlier as the company’s business recovered after taking a hit due to the Covid-19 pandemic. Golf clubs and running shoes showed strong growth, ...
-
News briefs
Diadora grows strongly in the U.S.
Diadora is projecting growth in the mid-teens for this year. In 2020, the pandemic led the Italian brand to a decline in consolidated revenues to €138 million from €168 million in 2019. Sales are on the rise particularly in the U.S. and the Benelux countries. In the U.S., Diadora expects ...
-
Article
Alpargatas’ Q2 sales jump 71%
Alpargatas, the parent company of Havaianas and Osklen, reported revenues from continuing operations of 1,095 million Brazilian reais (€177.8m-$209.2m) in the second quarter, up by 71.4 percent on the year earlier and 46 percent higher than the second quarter of 2019, led by growth in international markets, the continued expansion ...
-
ArticleNautilus’ sales jump 62%, but chip shortage looms
Nautilus, which recently moved the end of its fiscal year to March 31, reported sales of $184.6 million in the first quarter ended June 30, up by 61.7 percent on the year earlier, as sales growth was driven by continued demand for connected fitness bikes and treadmills and “robust” sales ...
-
News briefs
New company applies Polygiene-owned additive to golf implements
Two golfers in the U.K. have founded a company called Global Golf Safety (GGS) to help prevent the total shutdown of golf courses over Covid-19. Their method is to apply a antimicrobial additive called Biomaster to certain parts of golf implements, or “multi-grip time-delayed touchpoint products.” Courses in the U.K. ...
-
News briefs
U.S. start-up launches battery-heated clothing
H.E.A.T. (Heated Electronic Active Technology), a start-up based in Great Falls, Montana, has launched a new line of technologically advanced heated clothing that is said to have the potential to revolutionize the winter apparel industry. The H.E.A.T. One-Layer smart system combines advanced textiles, smartphone technology and customized, ergonomically correct batteries. ...
-
ArticleCallaway’s sales are boosted by Topgolf and a strong golf market
Thanks in part to the addition for the first time of Topgolf, whose revenues nearly doubled, the revenues of Callaway Golf surged by 208 percent to $914 million in the second quarter ended June 30 as compared to a year earlier, when Covid-19 restrictions and shutdowns had a significant impact. ...
-
ArticleDiving turns around at Johnson Outdoors
Johnson Outdoors reported a rise in third-quarter sales and profits, driven by a continued recovery in fishing, camping and water recreation. At the same time, diving showed signs of a turnaround as Covid-19 travel restrictions were further eased. The diving segment’s revenues almost doubled from a year ago, rising ...
-
News briefs
Former Adidas executive petitions U.S. Supreme Court
James Gatto, the former U.S. marketing executive of Adidas accused of making payments to collegiate athletes and their families to win them over for sponsorships, has petitioned the U.S. Supreme Court to reverse his 2018 conviction for wire fraud. Earlier this year, an Appeals Court had upheld the guilty verdict ...
-
ArticleAmer names Fogliato as Salomon’s president and CEO
Amer Sports has found a new and experienced executive with an excellent background in the sporting goods industry, Franco Fogliato, to head up Salomon as president and CEO. He will take on the responsibily by March 15, 2022, at the latest. Columbia Sportswear announced a few days ago that Fogliato ...
