News and insights about brands in the sporting goods industry – Page 86
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News briefs
Pusu teams up with Spinnova for more sustainable skis
A five-year-old Finnish manufacturer of skis and snowboards, Pusu, has decided to partner with Spinnova, using its sustainable fibers to replace carbon and glass fiber as a durable, composite reinforcement material to go with wood. The company has already started pre-selling the first model of skis made with Spinnova for ...
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News briefs
Nike debuts virtual world on Roblox
In early September it was Vans. Now Nike has established a virtual world on Roblox, the virtual environment and platform for multi-player video games. In Nike’s case, however, the move could relate to a whole new business. As we reported in December of last year, the American sportswear giant has ...
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News briefs
French pioneer in snowboard bindings has passed away
Robert Emery, a French pioneer in the development and manufacturing of snowboard bindings, has passed away at the age of 68. He inherited a factory that was making camping accessories and other products from his father Roger in 1948. The eponymous firm, Emery; then developed a series of ski bindings ...
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News briefs
Nike cancels orders in the U.S.
A tweet circulated by Brendan Dunne of Complex, which reports mostly about sneakers, has raised new doubts about the Swoosh’s ability to service its retail clients in the U.S. due to the current supply chain disruption, sending down slightly Nike’s share price and that of some major U.S. retailers. Dunne ...
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News briefs
Nike settles with Skechers
Nike and Skechers have reached a settlement at undisclosed conditions of their long-standing legal battle, putting an end to three intellectual property lawsuits after the mediation of a judge for the Central District of California. The dispute started in January 2016, when Nike accused Skechers of using design elements of ...
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News briefs
Reebok offering rebates through Bitcoin platform
Reebok has struck a deal with a rewards platform called Lolli. Customers can download Lolli as a browser extension or iOS app, activate the Reebok option and earn rebates of up to 6 percent in Bitcoin on their online purchases of Reebok products. Founded in 2018, Lolli raised $10 million ...
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News briefs
Moncler designs skins for Fortnite
Moncler has released a set of digital outfits, known as gaming skins, and some accessories for the video game Fortnite, developed by Epic Games. Making their debut on Fortnite’s Item Shop on Nov. 20 – the evening of the present century’s longest lunar eclipse – the skins are patterned after ...
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News briefsCanada Goose names luxury goods expert as president of Asia-Pacific
Source: Canada Goose Paul Cadman Canada Goose has appointed Paul Cadman as president for the Asia-Pacific region. The role includes all business activities from commercial and financial to marketing across the APAC region, including Greater China, Japan, South Korea, Australia and New Zealand. He succeeds Scott Cameron, ...
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News briefsRapha co-founder to step down
Rouleur magazine reports that Simon Mottram, a co-founder of Rapha, will step down as CEO of the British cycling apparel brand, taken over by L Catterton in 2016, after 17 years in the position. Mottram co-founded Rapha in 2004 with Luke Scheybeler, drawing inspiration from Team Rapha-Géminiani, a cycling team ...
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News briefs
Rossignol sells Felt Bicycles to Pierer Mobility
The Rossignol Group has agreed to sell its American brand of road and racing bicycles, Felt, to the Pierer Mobility Group, a European leader in “powered two-wheelers,” including motorcycles and e-bikes, based in Austria. In announcing the move, without mentioning the agreed price, the French company explained it with a ...
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News briefs
EuroSIMA launches surf podcast
EuroSIMA, the European surf industry association, is launching a podcast on the surfing business. Produced with Impact Zone Surf Podcast, Inside Eurosima, as the podcast is called, will be taking listeners “behind the scenes into the heart of the Actions Sports industry” and the artists, entrepreneurs and executives behind it. ...
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Article
Shelving IPO plans, ABG brings in two new investors
Placing on hold its plans to go public, as previously announced in July, the Authentic Brands Group (ABG) has decided to stay private. Instead of going for an IPO at this stage, some existing shareholders will sell significant stakes in ABG to funds advised by the private equity company CVC ...
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News briefs
S&P improves Callaway's outlook to stable
Callaway Golf’s better-than-expected results have led Standard & Poor’s to upgrade its outlook for the company and its TopGolf subsidiary from negative to stable, while affirming their present credit ratings. Both S&P and Moody’s had been skeptical because of Callaway’s high debt and TopGolf’s losses. With Callaway reporting better sales ...
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News briefs
McEnroe brothers to play Antarctica’s first tennis match
John and Patrick McEnroe, the legendary American brothers who have both retired from professional tennis, will be playing the first official tennis match to take place in Antarctica. The events company LegendsAbroad.com and the sports and entertainment agency Octagon are organizing a trip there for the occasion for an “intimate ...
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News briefs
Zara partners with Joma for men’s athletic line
Zara has launched a line of fitness apparel and running shoes for men under its private label for sports products, Athleticz, limited for sale on its website and at some of its stores in Paris, Milan, Dubai, Manchester, Leidschendam-Voorburg (the Netherlands), Barcelona, Madrid and La Coruña (Spain). The Spanish brand ...
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News briefsArena signs up a young Alaskan Olympic champion
Arena announced a sponsorship contract with Lydia Jacoby, the phenomenal 17-year-old Olympic breaststroke champion. It is described as the first such deal signed since the U.S. National Collegiate Athletic Association (NCAA) imposed its new NIL (name, image and likeness) rules last July 1st. Jacoby surprised everybody when she won the ...
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News briefs
Another Nike Unite store opens in Spain
The second Nike Unite store in Spain has opened near Madrid, taking the place of a former regular Nike store in the Las Rozas The Style Outlets center. The first one opened earlier in Terrassa near Barcelona. Launched one year ago, the community-oriented retail concept has already been implemented in ...
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News briefs
Nike raises its quarterly dividend
Despite the current supply chain challenges, Nike’s board of directors has decided to grant a quarterly cash dividend of 30.5 cents per share to its shareholder on Dec. 28, for an increase of 11 percent versus the previous quarterly dividend. Noting that this is the company’s 20th consecutive year of ...
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Article
Yonex raises guidance as Q2 sales grow by 34%, driven by China
Yonex enjoyed a sales increase of 34 percent to 16.6 billion yen (€143.2m-$169.1m) in its second quarter, ended Sept. 30, leading the Japanese company to nearly double its net income to ¥2,396 million (€18.4m-$21.8m). The gross margin expanded by 3.5 percentage points to 46.7 percent. Sales grew in Japan by ...
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News briefs
Moncler, Gildan and Adidas star in the DJSI
The 2021 edition of the S&P Global Dow Jones Sustainability Index lists Moncler in its Gold Class, Gildan in its Silver Class and Adidas in the Bronze Class. Three other sports companies – Asics, Puma and the Super Retail Group – were listed along with The Gap and companies in ...
