All Brands articles – Page 38
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News briefs
Kim Kardashian supplies clothing for Team USA at the Olympics
Kim Kardashian announced on social media that the official underwear, pajamas and loungewear worn by the athletes of Team USA at the Tokyo Olympics and Paralympics will be supplied free of charge by her shapewear company, Skims. They will have Olympic branding, and consumers are being invited to purchase them ...
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News briefs
Anta releases China’s Olympic sportswear
Anta has released the podium uniform for China’s Olympic team. Designed by Tim Yip, also known as Ye Jintian, the “Champion Dragon Clothes” combine traditional Chinese cultural icons with the latest in sportswear materials. The artist and Oscar-winning designer remarks that designing the uniform has been “different from designing costumes ...
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ArticleGymshark’s co-founder and main shareholder replaces Hewitt as CEO
Starting on Aug. 1, Ben Francis, the 29-year-old entrepreneur who co-founded Gymshark in 2012 and is the British fitness apparel brand’s controlling shareholder, will take over the role of CEO from Steve Hewitt, who had been appointed managing director in 2015 and promoted to CEO two years later. Francis has ...
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News briefs
A new executive director and a new board member for Anta
Anta Sports Products announced two executive changes. Bi Mingwei has been promoted as an executive director of the company, effective July 1. Mingwei is currently a vice president of Anta and a director of certain subsidiaries within the group, primarily responsible for financial management, business processes, information management and logistics ...
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News briefs
Mammut is sold for one year worth of sales
Bystronic, the Swiss holding company previously called Conzzeta Group, has announced the completion on June 30 of the sale of the Mammut Sports Group to Telemos Capital for an enterprise value of 230 million Swiss francs (€209.7m-$248.6m), including an earn-up of up to CHF 45 million (€41.0m-$48.6m). The figure is ...
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News briefs
Brooks has a new climate plan
Brooks Running has announced a “2030 planet strategy,” with new sustainability targets, to “achieve net zero carbon emissions by 2040.” In addition to converting factories to renewable electricity, the brand and its suppliers plan to use low-impact dyeing processes for textile yarns and source materials with recycled contents. The company ...
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News briefs
Adidas announces a new share buy-back program, boosting its share price
Considering that it will generate “substantional cumulative free cash flow” over the next five years through its new “Own the Game” strategy, Adidas announced the launch of a new share buyback program worth in total between €8 billion and €9 billion. The program will start on July 1 with the ...
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News briefs
Allyson Felix launches her own brand of running shoes
Allyson Felix has launched Saysh, a new lifestyle brand for women. The news, which first broke on Time.com on June 23, comes two years after the American track and field sprinter’s publicized break-up with Nike over the treatment of pregnant athletes. In late 2018, Felix, who is today 35 years ...
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News briefsSaucony unveils a European campaign to support local running retailers
Saucony is launching a new initiative, Run It Local, to support specialty running retailers across the EMEA region. The €335,000 campaign will run from July to September with various activities. Beginning with a drive to access runner-reach, a geo-targeted social media burst and digital ads will highlight the benefits of ...
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News briefs
Castore partners with the Bahrain Victorious cycling team
Team Bahrain Victorious has announced a multi-year partnership agreement with Castore as the official team sportswear partner. Castore’s performance range will be used by members of the cycling team during their training program, including pilates, yoga, running, strength and conditioning workouts, as activity off the bike to improve performance becomes ...
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News briefs
Calida wants to divest the rest of its outdoor business
Having already expressed intentions to do so in March and as part of a strategy review, the Calida Group’s board of directors and the management have decided to sell the Millet Mountain Group division, which includes the Millet and Lafuma brands. The Millet Mountain Group reported sales of €78.2 million ...
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News briefs
Li Ning sees sales rising by 60%
Li Ning Company said in a preliminary statement that its earnings will reach a level of at least 1.8 billion yuan renminbi (€233m-$279m) in the first half of this year, almost three times higher than the RMB 683.4 million reported for the first half of 2020, thanks to a jump ...
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News briefs
Investors are still bullish about Nike’s share price
With its current quotation navigating around $152 on the New York Exchange, or about 15 percent above its level prior to the release last Thursday of its unexpectedly high results for the fourth quarter ended May 31, Nike’s share is still recommended as a “buy” by 23 out of the ...
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News briefs
Macron announces long-term partnership with Sheffield Wednesday
Macron has agreed a new technical partnership agreement with Sheffield Wednesday F.C. starting from the 2021/22 season. The previous technical sponsor was Elev8. The Italian sportswear firm will provide the English club with matchday kits, technical training and travel wear as well as a merchandising line for the first team ...
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News briefs
Allbirds reportedly files for a confidential IPO
Allbirds, the B Corp-certified Californian brand of sustainable sneakers and apparel, has filed for a confidential initial public offering (IPO), according to WWD. Such a filing allows a company to keep details of its business performance and the terms of the transaction secret until 15 days before the IPO takes ...
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News briefsOn switches to recycled packaging
Source: On SS21 Sustainable Packaging On Running is changing its packaging by using 100 percent recycled materials. The Swiss company says it expects to save 40 tons of ink, paper and plastic as a result, equivalent to about 160 tons of CO² per year. Consumers around the ...
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News briefs
Nike becomes apparel partner of the Big Bash League
Nike and Cricket Australia have agreed a new deal that makes Nike the official apparel partner of the Big Bash League (BBL), an Australian professional franchise Twenty20 cricket league, for the 2021/22 season. Nike takes over the apparel partnership from Majestic, the company sold by VF Corp to Fanatics four ...
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News briefs
Peloton reportedly plans to launch a wearable device
Peloton Interactive is working on a digital heart-rate armband, according to a Bloomberg report. Confidential details and images of the device, as revealed by Bloomberg, show that the armband will come in small and large sizes and will pair wirelessly with Peloton’s cycles and treadmills, in addition to the phones, ...
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News briefs
iRocker and Life is Good partner on co-branded SUPs designs
iRocker, an outdoor sports and lifestyle brand specializing in inflatable paddle boards, and Life is Good, the American brand of lifestyle clothing, have teamed up on two new co-branded designs of inflatable stand-up paddle boards (SUPs), featuring optimistic art and messages from Life is Good. The boards, designed to be ...
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ArticleNike beats expectations as EMEA, North America sales surge and China resists
The Nike group posted better-than-expected results for the fourth quarter ended on May 31, 2021, as sales nearly doubled as compared to a year earlier, when its performance was severely impacted by store closures tied to the Covid-19 pandemic. After the release of higher-than-expected results for the quarter, Nike’s share ...
