All Corporations articles – Page 14
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ArticleEssilux steps out of line and acquires Supreme, and a med-tech company
The Italian-French group EssilorLuxottica has announced the acquisition of Supreme from VF Corporation. Essilux and streetwear - how do they complement each other? The company also announced the acquisition of the supplier of medical devices Heidelberg Engineering.
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News briefsHanesBrands to downsize headquarters after Champion sale
North Carolinian Triad Business Journal has obtained a memo revealing that HanesBrands will move from its Hanes Mill Road campus to the Park Building in downtown Winston-Salem early next year. This is part of a plan to downsize after the company has sold Champion to Authentic Brands Group. The new ...
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ArticleAfter disappointing Q2 report – XXL’s CEO: “We will cut more in 2024”
SGI Europe spoke to XXL’s CEO Freddy Sobin soon after the company released its Q2 report for 2024, which the company called ”disappointing.”
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News briefsSportsshoes.com and Adidas announces a three-year sponsorship deal
Adidas and Sportsshoes.com have announced a joint three-year sponsorship deal with the British Milers’ Club (BMC), the UK’s largest athletics club.
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ArticleChampion expands global Creators Program with focus on design and designers
Champion has expanded its Creators Program as part of the “Champion What Moves You” campaign, which the brand launched in September 2023.
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ArticleDecathlon sets up new business entity for investments in future-oriented companies
Decathlon announced the creation of Decathlon Pulse, a wholly-owned, independent entity within the group that will invest in “innovative people and businesses” that share the company’s values and commitment.
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News briefsRawlings announces trade-in program for customers
Sidelineswap, one of the world’s largest online marketplaces for new and used sporting goods, and Rawlings, a longtime leader in diamond sports, announce a comprehensive resale partnership.
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News briefsCrypto company Kraken and Atlético de Madrid sign sponsorship deal
Crypto platform Kraken is sponsoring La Liga club Atlético Madrid for the 2024/25 season.
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ArticleApparel manufacturer Hi-Tech Apparel acquires British software company Unmade
Unmade, a London-based scaleup, has been acquired by Bangkok, Thailand-based apparel manufacturer Hi-Tech Apparel. UnmadeOS, Unmade’s platform, uses patented automation and visualization technologies to enable brands to offer bespoke clothing on demand. Existing customers include sportswear brands such as New Balance and Decathlon as well as fashion brands such as ...
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ArticleDecathlon leaves Sweden, replaced by Swedish giant
A press release dated July 8 revealed the news that had been expected for several weeks: Decathlon will close its last Swedish door on July 21. The last store of the French giant will soon be occupied by a Swedish giant.
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ArticleBase Detall Sport signals willingness to negotiate with Intersport Spain
The CEO of Base Detall Sport, Miquel Calzada, has told CMDsport that the Spanish buying group is ready to join forces with Intersport Spain or, indeed, any other party as long as it serves a common purpose. Base Detall Sport will not, however, be making the first move. “We, for ...
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ArticleThe NBA’s winningest team is for sale
The Celtics won game five of the NBA Finals, defeating the Dallas Mavericks, on June 18. Boston has now won 18 NBA championships, more than any other team, and within a fortnight of victory, the team was up for sale. Since 2002, the Celtics have been owned by Boston Basketball ...
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News briefsJeff Bezos to sell $5 billion Amazon shares
Amazon founder Jeff Bezos plans to sell up to 25 million company shares worth about $5 billion, according to a recent Securities and Exchange Commission (SEC) filing. The notice was filed after market hours on July 2, when Amazon’s shares closed at a record high of $200 – the highest ...
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News briefsLululemon among backers of latest $65 million Samsara Eco funding round
Australian recycler Samsara Eco has raised about US$65 million in its latest funding round. Investors include Singapore state investment company Temasek, Hitachi’s venture capital arm, and Lululemon, which earlier this year started selling a jacket made from Samsara Eco’s recycled polyester. The latest round will be used by Samsara Eco ...
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ArticleIndian fabric supply chain startup raises $1.6 million
Fabriclore, an Indian technology-enabled fabric sourcing platform for fashion companies, announced that it has received $1.6 million in funding led by Bengaluru, India-based PeerCapital and UAE-based Regal Fabrics. Founded in 2016 by entrepreneurs Vijay Sharma, Sandeep Sharma and Anupam Arya, Jaipur-based Fabriclore owes its success to its eight years of ...
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News briefsIndoor pickleball franchiser raises its valuation
Pickleball Inc. has led a Series B round of funding for The Picklr, a North American franchise of indoor pickleball courts, with free leagues, tournaments and clinics. The company has now brought in $9 million, raising its valuation to about $59 million. In a little more than a year, The ...
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News briefsOrthoLite expands European hub
OrthoLite, the insole and footwear solutions brand, has expanded its European hub, OrthoLite Europa (OEU), in Almansa, Spain. The expansion enhances capacity, innovation and local-for-local insole production solutions for OrthoLite’s European brand partners, the company explained. The factory will add more automation, expand lean line production, and modernize the facility ...
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News briefsTeijin Frontier and Save the Duck jointly establish Save the Duck Japan
The Italian Trade Agency (ITA) has reported that the Japanese company Teijin Frontier Co., Ltd. founded the joint venture Save the Duck Japan Ltd. based in Tokyo together with the Milan-based clothing company Save the Duck, a brand of animal-free outerwear. Kenichi Haruta of Teijin Frontier was appointed president. The ...
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News briefsHas Shein already filed for an IPO?
We have been waiting for Shein to file for an IPO somewhere. According to Reuters, however, the filing appears already to have happened, in early June. It was done confidentially and in London. It seems, Reuters writes, that Shein has “updated China’s securities regulator officially about its change of listing ...
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ArticleUnrivaled Sports invests in indoor action sports center alongside White
US-based youth sports holding company Unrivaled Sports, founded in March by David Blitzer, Josh Harris and The Chernin Group (TCG), has made a strategic investment in Snöbahn, the operator of indoor action sports centers with two locations in Colorado. In addition, the company announced a strategic investment in its action ...
