All Corporations articles – Page 55
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News briefsNew Balance opens fifth North American factory
New Balance has opened its 80,000-square-foot “Factory of the Future” in Methuen, Mass. for production of its Made 990v5 model. The Methuen plant, which underwent a roughly $20 million renovation, is the company’s fifth factory in North America. All five factories contribute to the production of “New Balance Made” sneakers, ...
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News briefsDainese wants to grow in Asia and the U.S. while doubling revenues
In a recent interview with Italian newspaper La Stampa on March 21, Cristiano Silei, who has been at the head of Dainese for the last seven years, said that the company is putting growth in Asia and the U.S. at the heart of its expansion plans. The brand is already ...
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ArticleRe-commerce market leader momox increases revenue to €335 million in 2021
The Germany-based, European re-commerce market leader momox continues to be on a growth course and looks back on a successful business year 2021 with an increase in sales to € 335 million. The focus of the past fiscal year at momox AG – the transformation of momox GmbH to a ...
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News briefs
Circle Sportswear raises €2.5 million
Circle Sportswear, a French start-up, has raised €2.5 million in new funding round, less than one year after raising €1 million in April 2021. The new funds will support product innovation and the expansion of the company’s presence in markets across Europe and the U.S. Founded by Romain Trébuil and ...
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ArticleRussia’s Sportmaster set to exit Denmark and Poland
The Singapore-based parent company of the Sportmaster Group, whose eponymous retail chain is the largest sporting goods retailer in Russia, has decided to divest the retail chains that it had acquired in Poland and Denmark in the last years as part of a wider geographic diversification. It already sold its ...
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News briefsiFIT launches iFIT Adventures, offering real-life excursions to iFIT workout destinations
iFIT, a specialist in connected fitness software, content and equipment, has announced the launch of iFIT Adventures, a new series of in-person travel fitness experiences that allow members to explore destinations around the globe. iFIT Adventures, led by iFIT’s in-demand trainers, are all-inclusive travel experiences that enable members to move ...
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News briefs
Balance Athletica to change name to Vitality
Balance Athletica, a Denver-based athleisure brand founded in 2018, has announced that it will change its name to Vitality. The announcement follows a trademark infringement lawsuit filed by New Balance in the U.S. District Court of Massachusetts in November 2020. New Balance claimed that Balance Athletica used a “confusingly similar ...
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News briefsCanada Goose accelerates expansion in the Japanese market
Canada Goose Holdings and its longtime Japanese partner Sazaby League Ltd. have reached an agreement to establish the Canada Goose Japan joint venture to accelerate DTC expansion, including retail stores. The agreement will replace an existing exclusive national distribution agreement between Sazaby League and the Canadian luxury outdoor brand. Beginning ...
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News briefsSlinger with losses in Q3 shortly before anticipated app launch
Sports technology company Slinger, known for the Slinger Bag, reported a net loss for the third quarter ended Jan. 31 that widened 84 percent to $2.37 million from $1.29 million on a 2 percent increase in revenue to $4.20 million from $4.12 million. Slinger sold more than 7,200 tennis ball ...
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News briefsAlibaba Group upsizes share repurchase, appoints new independent director to board
The Alibaba Group Holding’s board has authorized to upsize its share repurchase program to US$25 billion from US$15 billion, in a sign of confidence about the company’s continued growth in the future. The Share Repurchase Program will be effective for a two-year period through March 2024. As of March 18, ...
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News briefsTriathlon apparel brand Tri-Fit makes its international debut
Tri-Fit, an Australian triathlon clothing brand, is expanding to the global market. Tri-Fit was originally created by Simon Bennett in 2013 in Sydney as a group fitness facility aimed at endurance athletes. In 2017, when Bennett was joined by his friend, triathlete and Ironman finisher Dan Evans, the brand shifted ...
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News briefsStella will produce more in Indonesia
While starting up its new shoe manufacturing facility in Solo, Indonesia, Stella International Holdings Limited is already planning to add a second factory to make 15 million pairs a year in the country, following a $120 million investment from its largest client, which represented 34 percent of its revenues last ...
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News briefsHydrow raises $55 million in Series D funding
Hydrow, the at-home connected rower, has announced that it has raised around $55 million in Series D funding, led by Constitution Capital with continued support from L Catterton and RX3 Ventures and additional participation from Liberty Street, Activant Capital and Sandbridge Capital. L Catterton, the largest global consumer-focused private equity ...
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ArticleUpdate: Sports companies and the war in Ukraine
We had previously reported on first, early measures taken by some sports companies such as Nike, Haglöfs and Mammut following Russia’s attack against Ukraine. In the meantime, other companies have joined, and industry groups and federations are also taking action. We have summarized the activities that we are aware of. ...
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News briefsLeki has a new brand identity
After 33 years, German pole manufacturer Leki has unveiled its new logo as part of a new, comprehensive brand identity that will be rolled out from March 2022, including a new website. “The brand’s evolution is logical and brings more focus on the essentials. The emotionalization of the brand moves ...
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News briefs
U.K. trade show organizer Raccoon buys U.S. B2C event from SIA
Raccoon Events, the British company behind the National Running Show and the National Outdoor Expo in the U.K., has acquired the Snowbound Festival from Snowsports Industries America (SIA). Raccoon and SIA announced that they would form a long-term partnership in conjunction with the Snowbound B2C event. The partnership aims to ...
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News briefs
K-Swiss names VP of marketing and director of e-commerce
K-Swiss, together with Palladium under the umbrella of Chinese manufacturer Xtep since 2019, has a new VP of marketing: Anna Amador brings rich industry experience from previous positions at Skechers, Adidas and Nike. ”I’m thrilled to join the team and contribute to the success of the heritage brands of K-Swiss ...
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ArticleNorges Bank halts GPFG investment in Li-Ning
The Chinese sporting goods manufacturer Li-Ning is suspected of contributing to serious human rights violations in Xinjiang province. The Norwegian Ethics Council made this clear in an assessment at the end of September 2021. The reason is Li-Ning’s cooperation with cotton and textile suppliers who are said to employ a ...
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ArticleKering acquires Maui Jim, and Zeal Optics
Kering Eyewear is acquiring Maui Jim, the world’s largest independent brand of high-end sunglasses. The deal is subject to approval by regulators but should be complete by the second half of 2022. Speaking at a press conference this morning, Kering Eyewear’s president and CEO, Roberto Vedovotto, did not wish to ...
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News briefsKicks Crew raises $6 million in Series A funding
Kicks Crew, a global e-commerce platform for sneakers and apparel, announced the closing of a $6 million Series A funding. The financing was led by Gobi Partners, Asia-based private investment group Pacific Century Group and DL Securities Hong Kong. The capital raised will help strengthen the company’s position in the ...
