All Brands articles – Page 13
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Article
Reassuring investors, Crocs touts Hey Dude’s potential
As previously reported, both Moody’s and Standard & Poor’s placed Crocs’ credit rating under review after the American clog producer announced the $2.5 billion acquisition just before Christmas of Hey Dude Shoes (or Heydude), an Italian casual footwear brand that is primarily distributed in the U.S. Both agencies expect that ...
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Article
Fanatics buys Topps, boosting its international sports collectibles business
Fanatics announced the acquisition of Topps’ sports & entertainment division, covering its worldwide online and offline business with trading cards and collectibles, in a deal said to be worth about $500 million. Topps had sales of $567 million in 2021. About 60 percent of the revenues came from the operations ...
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News briefs
New Balance stores in Iberia are due to close
The 22 mono-brand stores of New Balance in Spain and Portugal are reportedly going to be shut down by Jan. 15, as they will be no longer supplied with products following the non-renewal of a five-year-old retail store licensing agreement with a Spanish company, Experience Group. The latter was notified ...
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News briefs
New CFO and new COO for Clarus
Clarus Corp. has appointed a new chief financial officer, Michael J. Yates, taking over one of the functions of Aaron J. Kuehne, who has been promoted to the new position of executive vice president and chief operating officer of the parent company Black Diamond and an increasing number of other ...
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News briefs
Escalade buys Brunswick Billiards from Life Fitness
Escalade has agreed to take over Brunswick’s billiards business from Life Fitness. Brunswick has been selling billard tables and related products since 1845. Escalade is already involved since 1977 in the sector and the broader indoor recreation market. Aside from Stiga tennis tables and Accudart and Uncorn darting products, it ...
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News briefs
Puma incentivizes suppliers for sustainability via liability insurance
Puma has set up new incentives for suppliers to abide by its Sustainability Handbooks and Code of Conduct. The German sportswear company, which has been auditing the social and environmental footprint of its manufacturing partners for many years, claims to have been the first to offer them better financing terms ...
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News briefs
New Balance goes direct in three more Eastern European countries
New Balance has further extended its control over the distribution of its products in Europe. It has taken it over from Aspire Sports for the markets of the Czech Republic, Slovakia and Hungary, with effect from Jan. 1. Its business in those three countries will be run by its Polish ...
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News briefs
Anta’s family shareholders transfer shares to a foundation
The Ding family, which controls the Anta Sports group, had transferred 84.5 million shares in the company, representing about 3.16 percent of the equity, to a new charity, the Hemin Foundation. Based on the group’s recent stock price, the endowment is worth around $1.2 billion. The foundation intends to “collaborate ...
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ArticleCrocs buys Hey Dude for $2.5 bn
Crocs has entered into a definitive agreement to acquire Hey Dude, spelled also as Heydude, a privately-owned, high-growth casual footwear brand, for $2.5 billion. Crocs estimates that the acquisition will turn it into the second-largest group of branded casual footwear, with forecast revenues approaching $4 billion in 2022, to which ...
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News briefsCalida’s Millet Mountain Group returns to the founding family
In an announcement made on Dec. 24, the Swiss-based Calida Group said it received a binding offer from Jean-Pierre Millet, together with Inspiring Sport Capital, for their takeover of the French-based Millet Mountain Group, which includes the Millet and Lafuma Outdoor brands. Jean-Pierre Millet is a grandson of one of ...
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News briefs
Skechers shrinks its board of directors
Skechers has reduced the size of its board of directors to seven members, following the resignation of four current members and the addition of a new one, Zulema Garcia, who will serve on the company’s audit committee. Garcia spent 24 years at KPMG before joining Herbalife Nutrition as senior vice ...
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News briefsPrada partners with the new Aspenx brand for skiwear
Prada has partnered with Aspenx on a six-piece capsule collection of high-end skiwear for men and women. Aspenx describes itself as a contemporary retail and experience brand. It has just been launched by the Aspen Skiing Company, which owns and operates the Aspen Snowmass mountain resort facilities and The Little ...
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News briefs
Joma launches its own padel racquet
The growing popularity of padel tennis, where Spain remains the leader, has led Joma Sport to add padel racquets to the product ranges of its various brands. Joma presented its new racquet at a special international event during the finals of the World Padel Tour Master, for which the brand ...
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News briefs
UA releases its first NFTs
Like Nike and Adidas before it, Under Armour is embracing non-fungible tokens (NFTs). The American sportswear company has released 2,974 of them, each a digital replica of the Genesis Curry Flow shoe that Steph Curry was wearing on Dec. 14, when he broke the NBA’s record for total three-point shots. ...
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Article
Ambitious new targets for Slinger
Slinger, the company that introduced the portable Slinger Bag for tennis balls in 2019, is targeting sales of $17 to $18 million for the financial year ending in April from this product, to the exclusion of recent acquisitions, representing year-on-year growth of between 57 and 67 percent. It expects to ...
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News briefsOberalp Group acquires manufacturer of raw material for ski touring skins
The Oberalp Group has announced the acquisition of Velotex from Pongs Velours. Velotex specializes in the production of mohair velvet, which is an essential product for ski touring skins, and other products for skiing. The closing of the transaction is scheduled for Jan. 1, 2022. The takeover allows Oberalp to ...
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News briefsArc’teryx launches first winter edition of its academies in Europe
Arc’teryx is already well known in Europe for its yearly summer Alpine Academy event in Chamonix. It is now launching for the first time a series of winter events in Europe, called Arc’teryx Academy, From Feb. 18 to 20, the “Arc’teryx Academy: freeride” premiere will be held in St. Anton, ...
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ArticleNike beats Q2 estimates on strong North American showing
The Nike group reported higher-than-expected earnings and sales in the second quarter ended Nov. 30, as a strong performance in North America offset a continued slowdown in China and persistent, industry-wide supply chain challenges. In the quarter, Nike’s sales inched up by one percent to $11,357 million and were flat ...
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Article
Samurai is “pushing forward” beyond rugby
Capitalizing on the growing popularity of rugby and inspired by its values, Samurai is broadening the range of its apparel collections from teamwear into the wider lifestyle and athleisure sectors to address a wider community of consumers. It’s going to do this with a lot of story-telling on social media ...
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Article
Moody’s upgrades Under Armour’s rating, pointing to opportunities outside North America
In May, Moody’s had upgraded its financial outlook for Under Armour from negative to positive and improved other metrics, considering that its turnaround had been successful. This time, it upgraded its debt ratings further following better-than-expected recent increases in sales and earnings. Moody’s again praised Under Armour for the significant ...
