All Brands articles – Page 54
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News briefsVF Corp. allocates the proceeds from its Green Bond
VF Corp. has released its Green Bond Impact Report, in which it shows that the net proceeds of around €493 million from its inaugural Green Bond have been fully allocated to 13 of VF’s eligible sustainability projects worldwide, including 2 million trees planted, around 16,000 metric tons of CO² emissions ...
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Article
Moncler’s annual sales down 12%, despite a good Q4
Moncler returned to growth in the fourth quarter, growing by 8 percent to €675.3 million, led by Asia and the Americas. On a constant-currency basis, they improved by 7 percent. The company benefited from the strong expansion of the Chinese market, growth in Korea and Japan, plus a robust e-commerce ...
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News briefsUA releases a running shoe with no outsole
Under Armour’s newest shoe, the UA Flow Velociti Wind, has eliminated the heaviest shoe component, the outsole, and substituted it with an “all-in-one cushioning system,” called the UA Flow midsole. According to the brand, this took three years of development by its Footwear Innovation Team in Portland, Oregon, and Dow ...
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Infographics & DataEarnings - 2020 Results Under Armour
This earnings briefing includes the highlights of the report results of 2020 and the Outlook 2021 from Under Armour
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News briefs
Adidas Golf signs up Brendan Lawlor
Adidas Golf has announced that Brendan Lawlor will join its roster of athletes. The Irish golfer is currently No. 4 in the World Rankings for Golfers with Disability (WR4GD). After forging a successful amateur career across both disability and able-bodied competitions, he became the first disabled golfer to compete in ...
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News briefs
Asics invests in soccer scouting platform
Asics Ventures Corp., the investment subsidiary of Asics Corp., has invested in Dreamstock, the operator of a soccer scouting platform that matches football players with clubs. Dreamstock, based in Tokyo, was founded in July 2017. The digital company supports the youth generation (ages 14-18) by providing matching services with professional ...
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News briefs
VF’s Icebreaker has a new global president
Jan Van Mossevelde is VF Corp’s new global president for the Icebreaker brand. Succeeding Greg Smith, who has resigned, Van Mossevelde will be working out of the brand’s international head office in Auckland, New Zealand, while reporting to Martino Scabbia Guerrini, president of the EMEA region. The new position is ...
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Article
Garmin’s fitness and outdoor sales surge
Robust demand for advanced wearables and cycling products helped Garmin to post record results for the fourth quarter of 2020. The Swiss-based company, which also makes equipment for the aviation and automotive industries, reported that its total sales rose by 23 percent to $1,351 million for the 13 weeks to ...
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News briefs
Decathlon will source bikes from a big new plant in Romania
The cycling boom has led Decathlon, which is a major player in the sector with its private-label lines, to boost its manufacturing capacity in Europe. While expanding the production in France and Portugal, it is working with a partner in Romania, the Sport Mechanical Workshop, on the establishment of a ...
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News briefs
Puma and Cara Delevingne team up on new yoga collection
Puma and Cara Delevingne, the English model and actress, have co-created Exhale, a new eco-conscious yoga collection. The new line is said to use at least 70 percent recycled polyester, and to fully offset any unavoidable carbon emissions. The Exhale collection comprises a high-waist full tight, studio bras, a knit ...
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ArticleAdidas has decided to divest Reebok
Having completed a month-long review of the brand, the Adidas Group has decided to begin a “formal process” to divest the Reebok brand. The other option would have been to keep it in-house. The German sportswear giant had originally planned to make an announcement on March 10, during a previously ...
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ArticleThe latest on Nike’s presence on Lidl’s marketplaces
Some Nike products are being offered on the German and Spanish marketplaces of LIdl, one of the largest low-cost grocery retailers in Europe, raising some eyebrows. However, Nike released the following statement in reaction to a a report in the Spanish pres: ”Lidl is not a partner in Nike’s marketplace ...
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News briefs
Fila’s new collection celebrates the brand's 100th anniversary
To produce its 110th Anniversary Collection, Fila has been working with Katie Grand, the British stylist, creative director and founder of The Perfect Magazine. Grand has “edited” a number of archival Fila items – involving tennis, mountaineering, watersports, athletics, basketball, golf and motorsports – for their re-issue. Fila says he ...
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News briefsNike products are sold on Lidl’s marketplaces in Germany and Spain
Nike has released the following statement in reaction to an article published on our website on Feb. 15: ”Lidl is not a partner in Nike’s marketplace strategy and we are not selling product to their business.” A spokeman for Nike would not say, however, whether it is in litigation with ...
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News briefs
Asics recognized for actions on supply chain to mitigate climate change
For the second year in a row, Asics Corp. has been awarded a high position on the Supplier Engagement Leaderboard by the Carbon Disclosure Project (CDP) for its relations with suppliers on climate change. CDP is a not-for-profit environmental charity that runs the global disclosure system adopted for the management ...
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ArticleVF wants more “equity” in its labor policy
In line with its Council to Advance Racial Equity (CARE) and Inclusion, Diversity, Equity and Action (IDEA) initiative, VF Corp. is implementing a number of new measures in its labor policy. “All VF employees will participate in a foundational inclusion and diversity learning journey to ensure they share a common ...
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Article
Asics tops guidance with strong sales in China and higher profits in Europe
Although its annual revenues and operating earnings decreased, Asics Corp’s annual results beat the guidance that the company had given last November. Net sales for 2020 declined by 13.0 percent to 328.7 billion yen (€2.58bn-$3.12bn) due to the impact of the Covid pandemic, including a drop of 14.0 percent in ...
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News briefs
Schanner will distribute Fila skates in Germany
Schanner Eisehockeyartikel, the German specialist in ice hockey and ice skating, is taking over the distribution of Fila skates in its home market. Produced by its Italian licensee, MGM, the Fila line of skates includes a strong business in inline skates, protected by several patents, as well as ice skates, ...
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News briefs
Moody’s downgrades VF
Completing its review of VF Corp.’s credit rating following its December acquisition of Supreme, Moody’s kept the company’s rating stable but lowered its senior unsecured debt and shelf ratings slightly. It confirmed its P-2 short-term commercial paper rating. Moody’s noted that VF’s financial leverage will remain high, predicting that its ...
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News briefs
Heyconnect is helping Fila with German marketplaces
Fila is entering the German marketplace business through Heyconnect, a start-up in Hamburg that helps brands establish an online presence. Heyconnect will be serving as the sports brand’s hub for the marketplace business, logistics, partner management and brand development in the country. Fila’s German foray is beginning with the e-tail ...
