All Corporate articles

  • Sportmaster Logo Russian

    Sportmaster reportedly withdraws from Poland


    Go Sport, the Polish subsidiary of the Russian largest sporting goods retailer Sportmaster is pushed towards bankruptcy, the Russian newspaper Kommersant reported, citing sources close to the matter. Despite obtaining permission to sell the Polish business to British Sports Direct, Sportmaster failed to close the deal, while restrictions against the ...

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    SSU outlines U.S. growth strategy


    Signa Sports United (SSU) aims to strengthen its position in e-bikes and tennis in its core European market while implementing a similar approach in the U.S. through a combination of organic growth, mergers and acquisitions and third-party services, according to a presentation (direct PDF download) at the Jefferies Investor Conference ...

  • Nicolas

    Tecnifibre-CEO Nicolas Préault: “We are a player’s company”


    Nicolas Préault, CEO of Tecnifibre since 2018, explains what the company’s targets are, and how they want to triple net sales until 2025.

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    Closed paper mill in Finnish Lapland becomes Infinited Fibers' new factory


    After talking earlier this year of plans (as reported by our sister publication, The Outdoor Industry Compass) to invest some €220 million in a new regenerated textile fiber factory – though no site had reportedly been found at the time – fashion and textile technology company Infinited Fiber Company now ...

  • Outtra Logo

    Outtra establishes expert advisory board


    The German software company Outtra has founded an expert advisory board that will meet quarterly to exchange ideas. Siegbert Müller, founder and managing director of Outtra, initiated the idea to further develop and enhance his company’s tools on an ongoing basis and offer additional effective benefits to all cooperating brands, ...

  • Saysh Logo

    Saysh secures $8m in funding from Gap's Athleta and others


    Consumer-focused fund IRIS and Gap Inc.’s performance lifestyle brand Athleta have led an $8 million Series A funding round for startup sneaker and lifestyle company Saysh. Other investors in the funding round include the 50-percent female early-stage team at Redpoint Ventures, a venture capitalist that has successfully invested in companies ...

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    ​Wyve raises €1.1 million from BACS-Innov


    Wyve, the French maker of 3D-printed surfboards, has raised €1.1 million from BACS-Innov. Wyve was founded by Sylvain Fleury and Léo Bouffier in 2018, and is based in Anglet. BACS-Innov is an investment firm headquartered in Lyon that supports young and innovative start-ups in various sectors insofar as the investors ...

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    Mbappé partners with WME to create his own content production company


    Football star Kylian Mbappé signed an agreement with WME Sports and established his own content creation arm, Zebra Valley. WME Sports is the sporting department of Hollywood talent agency WME. Aged only 23, Mbappé won the 2018 FIFA World Cup in Russia with the France national team and four Ligue ...

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    Unifi announces share repurchase program, leadership and board updates


    Unifi, the U.S.-based manufacturer of recycled and synthetic yarns, including Repreve, announced that it repurchased 500,000 shares of its common stock from certain entities affiliated with Impala Asset Management LLC for $6.8 million. The repurchase was made under Unifi’s previously announced share repurchase program. Accordingly, Unifi repurchased a total of ...

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    ​New eco-friendly eyewear brand from Switzerland


    Veteran action sports designer Tony McWilliam is the driving force behind Attika, a new eco-friendly sports eyewear manufacturer that uses only biopolymers and recycled materials instead of virgin plastic and offers a repair service and used product (end-of-life) collection. Based in Verbier, Switzerland, Attika says its management team includes seasoned ...

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    Mips with new strategy, updated financial targets


    At Capital Market Day 2022 in Stockholm on June 9, Swedish helmet technology and “Brain Protection System” (BPS) manufacturer Mips AB unveiled its new long-term strategy with updated financial targets and strategic priorities for the coming years. The reason for revising the company’s strategy and long-term financial targets is not ...

  • Decathlon
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    Lille Stadium to become Decathlon Arena in €6 million naming deal


    The Pierre Mauroy Stadium in Lille, in France’s northeast, is set to become the ”Decathlon Arena” following the signing by the French sporting goods manufacturer and retailer of a renewable five-year deal worth €6 million with the European Metropolis of Lille (MEL), which manages the facility. France Bleu first revealed ...

  • Fischer Sports
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    Fischer plant in Ukraine reportedly continues to operate


    According to an online report by Italian trade publication Outdoor Magazine, the ski manufacturing facility in Mukachevo, Ukraine, is continuing operations during the country’s conflict with Russia, although with some limitations due to the current situation. The plant, owned by Austrian company Fischer Sports, produces skis and snowboards for its ...

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    Adidas taken out of Stoxx Europe 50


    Due to its share price losses by market capitalization in recent months, Adidas shares are expelled from the Stoxx Europe 50 index. According to the so-called “fast entry rule,” the sporting goods company will be replaced by Swiss raw materials and mining group Glencore as of June 20. Adidas’ stock ...

  • Under Armour
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    ​Under Armour to be dropped from S&P 500 Index


    Under Armour will be moved from the S&P 500 Index to the S&P Midcap 400 Index, effective June 21, according to a statement from S&P Dow Jones, after the company struggled with disappointing quarterly results in recent weeks. The U.S. sportswear brand had been included in the S&P 500 since ...

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    Rocky Brands completes cost savings review


    Rocky Brands will close the Boston office it obtained with the acquisition of Honeywell International’s lifestyle footwear business that includes the Xtratuf and Muck brands, and cut its non-manufacturing headcount by approximately 13 percent. The actions are expected to result in $3.0-$4.0 million in annualized savings for the company that ...

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    RYU appoints CFO


    Vancouver-based sportswear brand RYU Apparel Inc. has hired Robert Lelovic as its new chief financial officer. Lelovic brings two decades of experience building publicly traded companies in various industries, from technology companies in Silicon Valley to the energy sector in Canada’s oil fields and Toronto’s financial district. During his time ...

  • FWD Canadia Tire
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    Canadian Tire Corp launches first own activewear brand


    Canadian Tire Corporation (CTC) has launched its first own activewear label, called Forward With Design (FWD), which was designed, developed and engineered in-house. CTC is a Canadian group of companies that includes a retail segment, a financial services division and a real estate investment trust. In the sports business, the ...

  • Samurai Logo
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    Samurai strengthens European business, partners with logistics specialist Bleckmann


    British sportswear brand Samurai has chosen Dutch logistics company Bleckmann as its partner for freight forwarding and cross-docking in Europe. Since an investment by Primosole Holdings in May 2021, Samurai has been on a journey to transform its business model from focusing exclusively on premium teamwear in the rugby and ...

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    S&P revises outlook for Wolverine Worldwide


    S&P Global has revised its outlook on Wolverine Worldwide to negative but maintains its BB rating on the issuer credit rating. Wolverine ended the first quarter with a debt-to-equity ratio of 5.2x due to last year’s acquisition of Sweaty Betty, a $30 million settlement related to PFAS contamination at a ...