All Corporations articles – Page 39
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News briefsHead opens licensed training center in Abu Dhabi
Head is opening a licensed padel sports training center in Abu Dhabi, the brand’s first in the Middle East, in partnership with Xische Ventures. The official inauguration is scheduled for Feb. 21. Located in Musaffah, the 2,200 sqm facility features five padel courts, a VIP court for private bookings, a ...
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News briefsFormer NikeWomen exec expected to run English women’s football
Source: LinkedIn Nikki Doucet A NewCo will likely be formed to run the Women’s Super League (WSL) and Women’s Championship in English women’s football, and Nikki Doucet has been appointed by The Football Association (The FA) as a consultant to explore this plan, the Telegraph has revealed. ...
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News briefsRich Paul and New Balance launch new sportswear brand
Rich Paul is entering the sportswear business. The American sports agent representing severals prominent NBA players, has announced the launch of Klutch Athletics, a new sports apparel brand “co-authored” with New Balance. Paul is the sports agent who represents LeBron James and is also otherwise known for his romance with ...
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ArticlePuma gets ready to celebrate 75 years, in the real world and in the metaverse
On the occasion of its 75th anniversary, Puma has announced that it will celebrate its motto “Forever Faster“ – which is based on company founder Rudolf Dassler’s intention to give his athletes the agility and performance of a big cat – with various events. Dassler founded the “Puma Schuhfabrik Rudolf ...
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News briefsDunlop Sports’ new international websites combine golf and racquet sports
Dunlop Sports’ new websites in the U.K./Europe, the U.S. and Australia combine its golf and racquet sports businesses. Dunlop is owned by Sumitomo Rubber Industries, a Japan-based tire and rubber company. In April 2022, Sumitomo added the Dunlop logo to the back of professional golfers’ headwear, thereby initiating the consolidation ...
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News briefsRemondis and H&M launch joint venture to close the textile loop
The Remondis group, a service provider for recycling, water management and alternative fuels, and H&M have founded a new company, owned 50 percent each by the two partners. The new standalone venture Looper Textile Co. intends to collect, sort and sell used and unwanted garments and textiles. According to H&M, ...
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ArticleFY 2028: Canada Goose aims to have up to 150 stores and reach $3 billion in revenue
After reporting slightly weaker third-quarter numbers earlier this month, Canada Goose, founded in 1957 in a small warehouse in Toronto, Canada, announced not only its five-year financial goals but also an update on its strategic priorities at its Investor Day on Feb. 7, 2023, at the company headquarters. “Today, Canada ...
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News briefsSnipes invests in new and bigger logistic center
The sports and lifestyle retailer Snipes is building a new service and logistics center in Bedburg, Germany, in order to be positioned for the planned expansion of the company. The construction is the largest logistics investment ever made by the sneaker and streetwear retailer. According to the company, Snipes is ...
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News briefsQatari investors are reportedly targeting Manchester United
Daily Mail has revealed that a Qatar-based consortium of private investors is planning to bid for Manchester United. The group is set to make an offer by Friday, Feb. 17, the deadline set by the club’s current owners, the Glazer family. The British tabloid paper has also revealed that UEFA, ...
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C-Suite InterviewArena CEO Peter Graschi discusses turnover, sales and growth of the swimwear company
CEO Peter Graschi explains how Arena plans to expand its growth even further and why Arena has no difficulty with the shortage of skilled workers.
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News briefsTonal is reportedly looking for fresh funds or possibly a buyer
According to an exclusive report by The Information, Tonal, a celebrity-backed home fitness start-up, has explored options, including a sale. According to the report, the company spent heavily last year on new brick-and-mortar showrooms, new hires and marketing, including a commercial featuring Serena Williams, and has been trying to cut ...
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News briefsCastore is reportedly in talks for $200m fundraising
Castore, the Manchester-based sportswear brand backed by Andy Murray, is reportedly in talks with investors about a $200 million round of fundraising to support its expansion, according to a report by Sky News. The company has begun initial talks with prospective investors ahead of a formal process later this year, ...
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News briefsWolverine sells Keds to North American retailer
Wolverine Worldwide has divested Keds, which it acquired in 2012 as part of its $1,249.5 million acquisition of the assets of the former Performance Lifestyle Group (PLG), for $83.6 million in cash to North American retailer Designer Brands Inc. The sale also includes the Pro-Keds athleisure brand and Keds’ e-commerce ...
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News briefsZwift raises $620 million from backers
Zwift has raised $620 million from backers including Amazon’s Alexa Fund, KKR & Co. and Permira Holdings. According to Bloomberg, Zwift expects these investments to enable it to increase subscription prices, reach the milestone of ten million subscriptions (from roughly one million), take the company public and eventually invest in ...
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News briefsDivestment of more brands from JD Sports to Frasers group
In the ongoing divestment of 15 of JD Sports’ non-core, U.K.-based fashion businesses to the Frasers Group, the transaction has been completed for five more brands: Tessuti, Scotts, Choice, Giulio and Cricket. The company expects to complete the divestment of Topgrade Sportswear later. According to JD Sports, Rascal Clothing Ltd. ...
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Case StudyHow Brooks running overcame pandemic pressures to become the biggest player in the business
Specialist running brand Brooks has clocked up sustained growth by focusing on comfort and using technology to hike shoe performance.
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ArticleJD Sports unveils plans for sales growth, rapid store expansion
JD Sports Fashion has revealed plans to grow revenues and margins by double digits. Find out the strategy behind this plan.
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News briefsVF Corp. opens regional office and new design center in Tokyo
VF Corp. has announced the launch of the Tokyo Design Collective (TDC) and new regional office in Tokyo’s Harajuku district. The office will be home to the new TDC team, whose mission is “to reinforce VF’s commitment to infusing aspirational Japanese product design and craftsmanship into its iconic global brands.” ...
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News briefsAdidas among backers of Sapphire Sport’s new venture fund
The venture capital platform Sapphire Sport has raised $181 million for a new fund focusing on sports, media, entertainment and technology in North America, mainly in California and New York, Bloomberg has reported. The new fund’s investors include Adidas, AEG Worldwide, Arctos Sports Partners, the Bank of Montreal, City Football ...
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Case StudyIn a bid to unlock market value, Vista Outdoor plans to split into two separate companies
The fact that the ammunition and outdoor segments have developed so differently seems to justify a split of companies at Vista Outdoor.
