All Brands articles – Page 66
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News briefsDecathlon benefits from multi-channel model in Germany
Decathlon Germany will close the 2020 fiscal year with seven new openings and two expansions. They will more than offset the closure of five units including the French company’s first outlet in the country, opened in 1986 in the Kley district of Dortmund, and the small Decathlon Connect store opened ...
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ArticleSports stocks rose by 10.8% in Q3
The sporting goods sector confirmed its resilience in the third quarter of 2020 with an average increase of 10.8 percent in the public companies’ share price between June 30 and Sept. 30. Comparatively, two relatively bullish American indexes, the Dow Jones 30 and the S&P 500, posted gains of only ...
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Infographics & DataRanking - Global stock market performers - Q3 2020 Update
This exclusive chart shows the share price development of the major stock listed sporting goods companies in Q3 2020 and since the beginning of 2020. The chart and data can be downloaded. This is exclusive data and analysis for Premium Members.
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News briefs
Reebok appoints new VP of creative direction
Reebok has appointed Kerby Jean-Raymond, a Haitian-American fashion designer, to the position of vice president of creative direction, in replacement of Karen Reuther. He will be working with the product, global marketing and development teams. He will also join Reebok’s senior management, which reports to the brand’s president, Matt O’Toole. ...
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Article
Adidas completes green bond offer
Adidas has announced the successful placement of its first sustainability bond, whose offer was more than five times oversubscribed. The €500 million bond carries a 0.00 percent coupon and has a duration of eight years. It is divided into five equal tranches and will be listed on the Luxembourg Stock ...
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Article
Google ready for new concessions to take over Fitbit
Google has agreed to allow other makers of wearables to easily connect to its Android platform and its application programming interface (API) as a new condition for the European Commission’s anti-trust body’s endorsement of its planned $2.1 billion acquisition of Fitbit, according to Reuters. According to Bloomberg, it has also ...
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Article
Anta’s president will run Amer Sports
Jie (James) Zheng, executive director and president of Anta Sports Products, is taking over the responsibilities of Heikki Takala, who has decided to resign from his role as president and chief executive of Amer Sports after ten years in the position. Takala, a former commercial director of Procter & Gamble, ...
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News briefs
Ongoing growth for wearable devices
Despite the Covid-19 pandemic, which created bottlenecks along the supply chain, the global wearables market is expected to grow by 14.5 percent to 396.0 million units in 2020 in terms of deliveries, and to continue to increase at a compound average annual rate (CAGR) of 12.4 percent through 2024, according ...
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ArticleVulcabras takes over Alpargatas’ Mizuno license
An asset reshuffle involving three of Brazil’s leading footwear manufacturers will result in Vulcabras Azaleia focusing on sports with its Olympikus brand and the distribution of Under Armour in Brazil, while getting out of the women’s sector and taking over a Mizuno license from Alpargatas, which will concentrate on its ...
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News briefs
Positive rating by Moody’s for Canada Goose
Rating its debt for the first time, Moody’s gave Canada Goose a B1 corporate family rating and a B2 rating to a proposed senior secured loan of 402 million Canadian dollars (€258m-$300m) due in 2027, nearly half of which would be used to add cash to its balance sheet and ...
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News briefs
Asics joins renewable-energy coalition
Asics has joined RE100, an international, multi-sector coalition of companies that run or have pledged to run their business entirely on renewable energy. Asics itself hopes to draw exclusively on renewable energy in 60 percent of its “business bases” by 2030 and in all of them by 2050. It has ...
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ArticlePatagonia’s European chief will run the whole group
Ryan Gellert, an American who has been running Patagonia EMEA since the end of 2014, has been promoted to serve as chief executive of Patagonia Works, the parent company of Patagonia Inc. In addition, Jenna Johnson has been promoted from vice president of technical outdoor to a new post as ...
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Infographics & DataRanking - The fastest growing sports equipment brands
This exclusive chart shows the fastest growing sports equipment brands, including Peloton, Fox Factory, Adidas, Garmin, Yeti, Johnson Health Tech, K2/Marker/Völkl, Callaway, Peak Achievement Athletics, Scott Sports. Ranking by %-growth vs last year. The chart and data can be downloaded. This is exclusive data and analysis for Premium Members.
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Article
Fila’s net profit drops by 51%
The pandemic took its toll on the Fila Group, which saw its net income decline by 51 percent to 45,520 million Korean won (€33.3-$37.3m) during the second quarter of 2020, as revenues declined by 34.8 percent to KRW 625,011 million (€457.1-$512.1m), but the Korean-based group managed to improve the gross ...
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News briefs
Puma appoints new distribution GM for EEMEA
Puma has assigned Johan Kuhlo to a new position as general manager in charge of distribution for Eastern Europe, the Middle East and Africa (EEMEA). Kuhlo, who has been lately the company’s head of corporate strategy and investor relations, will be working out of the German company’s regional hub in ...
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News briefs
Asics starts virtual tennis coaching community
Asics EMEA has announced the launch of the Asics Tennis Academy, a virtual community platform to support tennis coaches. Experts, who according to Asics include elite coaches, strength trainers, physiotherapists and sports psychologists, will exchange customized training videos and articles to further professional training on a broad level. Research has ...
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ArticleNike’s shares surge on strong e-commerce and European rebound
The Nike group’s share price rose by more than 8 percent in after-hours trading on Wall Street, hitting an all-time record of $130 when the stock exchange opened this morning, after it presented good results for its first fiscal quarter ended on Aug.31, which included an 82 percent jump in ...
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ArticleBob Gore, inventor of Gore-Tex, has died
Robert W. “Bob” Gore, chairman emeritus of the board of directors of W. L. Gore & Associates, died on Sept. 17 at the age of 83. Gore sat on the board of his family’s materials science company for 57 years, 30 of them as chairman, and served as president from ...
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News briefs
Nike’s releases guide on coaching girls
Nike has released a guide to coaching girls titled How to Get (and Keep) Girls Playing: Strategies for Engaging & Retaining Girls in Sport. The guide was put together in collaboration with We Coach, a sports consultancy run by We Coach L3C, a low-profit limited liability company headquartered in Illinois. ...
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News briefs
Puma takes inspiration from Italy’s renaissance
Puma has introduced three new jerseys for the Italian Football Association (FIGC), which it sponsors, that are inspired by Italian renaissance art and fashion culture. They have been designed in collaboration with The Football Gall, a design studio for customized football jerseys.
