All Corporations articles – Page 52
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News briefsNew Neinver outlet village in France in construction
Neinver, a company specializing in the investment, development and management of real estate and the leading operator of outlet centers in Spain and Poland, announced the resumption of construction of its outlet village “Alpes The Style Outlets” near Geneva. When completed, this will be the 17th outlet center of the ...
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News briefsS&P affirms Foot Locker’s BB+ issuer credit rating
Although the rating agency acknowledged that lower Nike sales would impact the retailer’s revenue and margins, S&P Global affirmed Foot Locker’s BB+ issuer credit rating with a stable outlook. S&P also sees volatile fashion cycles combined with long sourcing lead times due to ongoing supply chain challenges as a risk ...
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News briefsHanesbrands reports software attack, consequences yet unknown
Champion’s parent Hanesbrands Inc. has released an SEC filing informing the public of a ransomware attack on the company. The U.S. company has activated its response, and business continuity plans to contain the incident. According to the statement, the company has notified the appropriate law enforcement agencies and cooperates with ...
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News briefsIntersport South East Europe opens new 25,000-sqm logistics center
Source: Fourlis Group New Intersport logistics center, southeast Europe The Intersport South East Europe subsidiary, based in Greece, has opened its new logistics center, run by Trade Logistics S.A. (both companies belonging to the Fourlis group). The new 25,000-square-meter facility in Oinofyta/Boeotia is a fully automated distribution ...
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ArticleArklyz continues to invest in retail businesses
First Shoe City store. © Arklyz Group Following Arklyz Group’s July 2021 acquisition of The Athlete’s Foot (TAF) from Intersport International Corp. and its acquisition of Asphaltgold, a European omnichannel provider of high-end sneakers and streetwear based in Germany, earlier this month, the acquisition-happy Swiss retail group ...
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News briefsU.S. provider of “Gravity Sportswear” secures $6 million seed funding
Omorpho, a Portland, Oregon-based sports and fitness company that provides microweighted athletic apparel for fitness training, has closed a $6 million seed funding round at a $26 million valuation, bringing its total funding raised to $13 million. The investment was led by KB Partners, a venture capital firm focused on ...
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News briefsAdidas unveils expanded US headquarters
Adidas has completed a 20,400-square-meter expansion of its North American headquarters in Portland, Oregon. The project, which kicked off before the pandemic in 2018, includes three additional buildings on campus, a new gym, cafes, parking and a soccer field. The expansion was realized by the team of Portland-based Lever Architecture, ...
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News briefsKlarna to lay off 10% of workforce due to changing business climate
Germany’s Manager Magazin reports that Swedish fintech Klarna will lay off about ten percent of its roughly 7,000 employees. The startup, led by co-founder and CEO Sebastian Siemiatkowski, reportedly said that rising inflation and the war in Ukraine had impacted the business climate, making the move necessary. At its last ...
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News briefsBase Detall Sport to enter Portugal
Base Detall Sport is entering Portugal, according to CMDsport. The Spanish sporting goods purchasing group, founded in Barcelona in 1985 and a former member of Sport 2000 International, has signed a deal with Brands Leaders to clap its banner or that of Wanna Sneakers onto many of the latter’s Portuguese ...
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News briefsBorn Living Yoga plans to launch in America
Born Living Yoga, the Madrid-based company specializing in yoga apparel, plans to launch in Mexico this coming autumn through a partnership with Liverpool, Modaes.es has reported. This is supposed to be the first step toward the brand’s expansion across the American continent at large. Born Living Yoga will initially open ...
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News briefsTurkish footwear retailer apparently plans to take over 100 Reebok stores in Russia
According to Reuters, Turkish footwear retailer Flo Magazacilik is reportedly in the midst of negotiations to acquire more than 100 stores that Reebok owns and operates in Russia. The retailer is currently a wholesaler in Russia but does not operate its own stores there in the country. Authentic Brands, owner ...
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C-Suite InterviewPatrik Frisk: The last interview before stepping down as Under Armour CEO
“The difficult thing about brands is – you’ve got to make choices”. Patrik Frisk explains what he learned on his journey as a decision-maker in the sporting goods industry.
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News briefsBoris Becker International Tennis Academy stands loyal to its namesake
The founders of the Boris Becker International Tennis Academy (BBITA) in Hochheim am Main (Germany), Khaled Ezzedine and business partner Daniel Köhler, stand firmly by their namesake Boris Becker, even after the latest developments. The German ex-tennis pro was sentenced to two and a half years in prison in London ...
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ArticleSlinger becomes Connexa Sports Technologies
Slinger Bag Inc. is rebranding as Connexa Sports Technologies Inc, a connected sports technology company that brings together Slinger, PlaySight Interactive, Ltd, Gameface.ai and Foundation Sports Systems, LLC. As part of the restructuring, Slinger also moved its headquarters from Nevada to Delaware, effective May 16, 2022. With its portfolio of ...
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News briefsItochu acquires marketing and licensing rights for Reebok in Japan
Tokyo-based Itochu Corporation announced that it has reached an agreement for Reebok’s marketing and licensing rights in Japan. Reebok is owned by New York-based Authentic Brands Group (ABG). Adidas formally completed the divestiture of Reebok to ABG on Feb. 28, 2022. Itochu will start operations via Locondo, Inc., which is ...
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News briefsPlanet Fitness expands into New Zealand
Planet Fitness, an American franchisor and fitness center operator based in Hampton, New Hampshire, signed a territory development agreement with Castle Point Fitness NZ Ltd. to expand the brand into New Zealand. Castle Point is a joint venture between the founder of The Fresnel Companies, a U.S. investment firm with ...
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News briefsBemis acquires French company Protechnic
Bemis Associates, a U.S. manufacturer of thermoplastic films, tapes and adhesives for bonding catering to various industries, including sportswear, outerwear and intimates, has acquired France-based manufacturing company, Protechnic. The two companies have complementary products and technologies and a strong alignment in their corporate values and culture. Protechnic’s focus on global ...
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News briefs
Endur Apparel rebrands to Outway
Performance sock brand Endur Apparel has announced that it will now be operating under its new brand name Outway. This new brand positioning will be fueled by a $3.2 million investment led by Andrew Wilkinson of Tiny. Other investors include Shane Parrish, Jason Warner, Jonathan Becker, Rasool Rayani, Ben Moore, ...
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ArticleThule Group enters new categories, updates financial targets
At its capital markets day, the Swedish Thule Group has presented plans to enter the two new product categories in 2023: car seats – to be launched in Europe first, expanding worldwide in a second step – and dog transport products, starting with a dog cage. The company was also ...
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ArticlePuma CEO Bjørn Gulden: “Not having fun is a waste of time”
Puma’s CEO Bjørn Gulden and Giorgio Chiellini, captain of the Italian national soccer team at Euro2020, talked about their careers, outstanding leadership and the importance of having fun in a video interview released as part of the sports company’s annual report. In his professional career spanning more than two decades, ...
