All Corporations articles – Page 30
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News briefsPentland Brands looking to establish a youth board
Pentland Brands is joining mission-led start-up The People to form a new youth advisory board at the heart of its employee experience. The group, whose brands include Speedo, Ellesse, and Berghaus, is seeking six young people under 30 in its key markets – the UK, USA, India, Vietnam and China ...
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News briefsSmart wearables and navigation app announce partnership
Smart wearables brand Amazfit, owned by Zepp Health, is now offering routing and navigation connectivity with the popular outdoor activities app Komoot. Amazfit’s proprietary operating system, the Zepp OS, already enables supporting smartwatches to connect to external apps such as Adidas Running, Strava, Relive, Apple Health or Google Fit. ...
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ArticleFootway Group has applied for voluntary company reorganization
Swedish Footway Group, operator of specialized online stores, has applied for voluntary company reorganization. According to the company, the decision is based on “the very challenging conditions that the sports retail industry in Sweden and Norway has faced in recent months,” and an acute liquidity situation. During the reconstruction period, ...
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News briefsBeverage mogul takes majority stake in Nobull
Impact Capital, the private equity arm of billionaire Mike Repole, last week acquired an unspecified majority stake in Nobull, a training footwear and apparel brand co-founded by ex-Reebok executives Marcus Wilson and Michael Schaeffer in 2015. His plans for the brand may include an eventual initial public offering. Repole, ...
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News briefsDecathlon may want to make private labels more concise
According to French industry magazine Challenges, Decathlon is planning to consolidate its numerous private brands. According to the publication, CEO Barbara Martin-Coppola plans to reduce the number of brands from around 70 to 12, while the Decathlon brand will be expanded through a range of multi-sport products. A similar step ...
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News briefsWintersteiger with new company structure
Wintersteiger, the Austrian supplier of ski rental and ski service systems, has revised its corporate structure and presents itself as a strategic holding with five independent companies since July 1, 2023. “With regard to the industrialization of our products, we have a lot planned for the next few years,” the ...
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Case StudyOn: The fastest-growing company in the sporting goods industry
Swiss sports company On Holding has increased its turnover by an average of 75 percent annually over the past ten years. Although investors as well as analysts were initially skeptical, any doubts over the rapid growth and costs have been silenced. Analysts have singled out On as a darling of ...
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ArticleEurope’s one pickleball firm sets out to conquer America
Back in 2020, amid the lockdowns, Xiana López discovered through a market study that Europe had yet to produce a pure player in the pickleball business, despite the buzz floating over the pond from the U.S. There were pádel and tennis brands selling pickleball racquets, but none that would develop ...
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ArticleVölkl exits pádel market
Völkl is getting out of the pádel market and refocusing on tennis, as the German brand’s sales director for racquet sports in Spain, Héctor García, told CMDsport. The reversal, he observes, is enabling Völkl to evade some of pádel’s present-day turmoil. “This is not the time to enter” that market. ...
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News briefs11teamsports acquires Kickz
11teamsports, one of Europe’s leading team sports specialists for products and team services, has acquired basketball and streetwear retailer Kickz. Kickz was founded in Munich in 1993 and is a multi-brand retailer specializing in basketball and sneakers. Zalando purchased Kickz in 2017 and sold it in late 2019 to Play ...
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ArticleRussian sporting goods retailers Lestate and Sportmaster launch private label lines
Russian sporting goods company Lestate has submitted an application to the state patent agency Rospatent to register its own brand Rank. At the same time, the Russian largest sporting goods retailer rolled out plans to register the third line of sporting goods under the Athlex brand. Goods under the Rank ...
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News briefsLe Coq Sportif reportedly seeks €30 million in equity financing
In March 2020, Le Coq Sportif secured an agreement to supply apparel for the French Olympic and Paralympic teams for the Paris 2024 Games. The brand was awarded the kit deal as a result of an apparel supplier tender that was issued in September 2019. Three years later, and just ...
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ArticleAll Good Things closes Series A financing, plans to expand UK store network
All Good Things, a UK-based independent retailer founded in 2019 selling exclusively used, torn or repaired clothing, announced that it has received a £2.5 million (€2.93m) equity investment. The funding was provided by Souter Investments in conjunction with a broad range of experienced former retail employees, including Ben Barnett (former ...
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News briefsSrixon Sports Europe opens new headquarters in Surrey
The European subsidiary of the Srixon Srixon Sports Europe has moved into new headquarters in Ash Vale in Surrey, England. The new facility, located about 15km from the company’s former office in Alton and 60km southwest of London, features more than 2,200 square meters of office space as well as ...
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News briefsWolverine Worldwide amends credit facility
The deal, a fourth amendment to its existing credit agreement, will give the Merrell and Saucony parent more near-term financial and operational flexibility for the remainder of its fiscal year as it continues implementing its turnaround plan. Wolverine’s maximum consolidated ratio under the new amendment moves to 4.875x Ebitda from ...
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ArticleXponential signs Club Pilates master franchisee in France
Xponential Fitness, a California-based international franchisor of boutique fitness brands, has signed a master franchisee agreement in France for its Club Pilates brand, marking its 19th international country outside of North America. The agreement, signed with TCMP Fitness and partners Susan and Chris Fichaud, gives the master franchisee the ability ...
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News briefsApparel brand Kit and Ace bought by Unity Brands
Unity Brands Inc., a brand management and consulting firm, has acquired the Canadian technical lifestyle and apparel brand Kit and Ace Technical Apparel Inc. With the acquisition, Unity Brands aims to “propel Kit and Ace into a future marked by enhanced strategic initiatives, expanded market presence, amplified brand campaigns, elevated ...
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News briefsLPGA sponsors reap up to 400% return on their investment, suggests new report
Brands that sponsor the Ladies Professional Golf Association (LPGA) are gaining up to a 400 percent return on their investment, according to a report from global sports and entertainment intelligence platform SponsorUnited. The report was compiled using SponsorUnited’s proprietary platform, based on data from 1,200 brands, 75 athletes and nearly ...
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ArticleJD Sports to acquire all remaining shares of Iberian Sports Retail Group
JD Sports Fashion has announced its intention to acquire the remaining 49.98 percent stake in Iberian Sports Retail Group (ISRG), currently held by Balaiko Firaja Invest and Sonae Holdings, for a total cash consideration of €500.1 million, to be funded from the group’s existing cash resources. Upon completion of the ...
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ArticleMAS Holdings invests in HeiQ AeoniQ
MAS Holdings, a global apparel and textile group headquartered in Sri Lanka, has secured an investment in HeiQ AeoniQ™ to support the development of next-gen cellulosic filament fibers to replace polyester and nylon. MAS Holdings is the largest apparel and textile manufacturer in South Asia with sales of approximately $2 ...
