News and insights about brands in the sporting goods industry – Page 176
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News briefs
Millet launches video
(OIC) Millet has launched a new video revolving around the Rise Up concept, an invitation for sports enthusiasts and people in general to pursue their objectives without giving up. The two-minute video, produced by Almo Film, was shot in the French Alps as well as Nice and Paris between January ...
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News briefs
Vibram unveils Grip All Terrain
(OIC) Vibram has unveiled the Vibram Arctic Grip All Terrain, a new version of the Vibram Arctic Grip. The Vibram Arctic Grip technology was designed to enable enhanced grip on ice, especially wet ice. The new version combines this technology with a new compound, the Vibram XS Trek Evo, developed ...
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News briefs
Columbia appoints chairman
(OIC) At its meeting of Jan. 24, the board of directors of Columbia Sportswear appointed as its chairman the company’s long-standing president and chief executive, Tim Boyle, who is now 70 years old. He takes the place on the board that was previously occupied by his “tough mother,” Gert Boyle, ...
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News briefs
Thule appoints CFO
(OIC) Thule has announced that Marianne Bonrud Hagelqvist, the current group accounting director, has taken over as acting chief financial officer of Thule Group, effective Feb. 14. She is replacing Lennart Mauritzson, who has resigned as CFO, until Jonas Lindqvist, currently chief financial officer at Arjo, a global supplier of ...
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News briefs
VF closes industry’s first “green bond”
(OIC) VF Corp. announced on Feb. 27 the closing of the first “green bond” in the apparel and footwear industry. The net proceeds from the €500 million bond offering will be used for investment in programs within the company’s “Made for Change Sustainability & Responsibility Strategy,” and to drive progress ...
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News briefs
Skechers signs up Redknapp
Jamie Redknapp – a former midfielder for the Bournemoth, Southampton, Liverpool and Tottenham Hotspur football clubs – has signed a deal with Skechers to promote its lifestyle men’s collections in Europe as of this spring. Redknapp helped Liverpool win the 1995 Football League Cup final. He retired from professional play ...
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News briefs
Patagonia sues over apparent “Petrogonia” parody
Patagonia has filed suit in Los Angeles federal court against OC Media for trademark infringement, unfair competition and other violations of the Lanham Act. Open Caucasus Media, as it is formally called, is a Russian-language news website covering the North and South Caucasus. Its funders include the European Endowment for ...
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News briefs
Lotto works with Starvie
Lotto Sport Italia has signed a three-year deal to become the technical sponsor and official supplier of StarVie, the Spanish producer of pádel equipment. Lotto will be outfitting StarVie’s 80 or so professional pádel players for the World Pádel Tour. StarVie has been active in the sport of pádel for ...
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ArticleCoronavirus depresses Adidas’ and others’ sales in China
COVID-19 or the novel cronavirus, as the virus is now named, has already infected more than 79,000 people in 30 countries around the world, according to the World Health Organization, but it remains largely concentrated in China. While it has been expanding at a slower rate recently in the country, ...
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Article
A new executive team at Nike
John Donahue, the new chief executive of Nike, has installed a new leadership team to replace the one that accompanied the outgoing CEO, Mark Parker, from April 1 onward. Two former Parker lieutenants, Eric Sprunk and Elliott Hill, will retire from the company later this year. Like Trevor Edwards, who ...
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ArticleBasicNet exceeds €1 billion in aggregate revenues for the first time
BasicNet, the owner of Kappa, K-Way and other brands, posted aggregate sales of €1,025 million, representing a 17.1 percent increase as compared to 2018, based on preliminary figures. The figure includes €742.9 million from commercial licenses and €282.4 from production licenses. The operating result before amortization and depreciation (Ebitda) of ...
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Article
Shimano buys Pioneer Sports Cycle assets
Shimano is planning to develop new products, web services and applications using certain assets of Pioneer Sports Cycle that it has acquired from Pioneer Corporation, the U.S. company that developed the first pedaling monitor and cycling computers in 2013.
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Article
Big loss at Fitbit pending Google’s bid
Google’s proposal to acquire Fitbit for $2.1 billion was approved by the latter’s shareholders on Jan. 3, but it is still undergoing regulatory scrutiny in the U.S. and Europe. In both areas, regulatory authorities have expressed concern that the health and other data being collected by Fitbit will be used ...
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Article
Canada Goose lowers outlook due to Coronavirus impact
Canada Goose Holdings has drastically lowered its guidance for the financial year ending on March 29 due to the coronavirus outbreak and its impact on sales in Mainland China. The management said that the virus is affecting retail sales of its products both in China and in stores located in ...
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Article
New CEO for Rapala
In the midst of reforms to turn around the business, Rapala VMC has appointed Nicolas Warchalowski as its new chief executive, effective from March 1, 2020. He has had an extensive career in international consumer businesses, heading up companies such as BabyBjörn, Peak Performance and Haglöfs.
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Article
Moncler continues to grow, without Kering
The chief executives of Moncler and Kering have both denied press speculation about a possible acquisition of the Italian brand of luxury outerwear by the parent company of Gucci, Saint Laurent and other luxury goods brands, which spun off Puma two years ago. Indicating that there were no concrete plans ...
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News briefs
YKK introduces magnetic zippers
YKK, the Japanese producer of fasteners, has come up with a zipper that substitutes magnets for interlocking teeth. The aptly named Magnet Zipper seals the two sides of a garment by electromagnetic attraction when they are brought close together. As the company explains, this makes the zipper easy to operate ...
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News briefs
Wolverine settles over contaminated water
Wolverine has agreed to pay $69.5 million to local authorities and the state of Michigan over several years to remedy water contamination from chemicals used in a now-closed tannery and other company-owned facilities in the state. On the other hand, WWW will get $55 million in a lump sum from ...
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News briefs
Nike wins case against Avenatti
Michael Avenatti – the California lawyer who rose to prominence representing an American stripper, Stormy Daniels, in a failed lawsuit against Donald Trump – has been found guilty of extortion, wire fraud and transmission of interstate communications with intent to extort in New York federal court. The plaintiff is Nike, ...
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News briefs
Nike hits counterfeiters via their customs brokers
Nike has filed suit against some of its customs brokers in the U.S. – B&H Customs Services, Hana Freight and Shine Shipping – alleging their use of fake documents and a stolen corporate identity to get four containers filled with counterfeit merchandise past customs. One of these, recently seized in ...
