All Editorial articles
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ArticleGorpcore: The trend that could be bigger than athleisure
Gorpcore: the trend you may have missed and the huge potential it holds for performance brands. We explain it and evaluate its potential.
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Article
Beachbody will go public after a merger
Beachbody, the big California-based digital fitness streaming and nutrition company, will go public on the New York Stock Exchange following an agreement to merge with Myx Fitness Holdings, which sells connected fitness bikes, and SPAC Forest Road Acquisition Corp., which is already on the stock exchange. Beachbody’s current management and ...
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News briefs
Fusalp opens three pop-up stores
Fusalp will have three new pop-up stores set up in three countries over the next weeks. The temporary “corner” in the men’s department at Le Bon Marché , the department store on the Left Bank of Paris, will be open through March 1; the pop-up at the Reel Mall ...
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News briefs
Sportspar continues its internationalization
Sportspar.de , the German online outlet shop for surplus sports products, continues its internationalization. Having starting with internet-based factory outlet shops for France ( sport-outlet.fr ), Italy ( Scontosport.it ) and Benelux ( sport-korting.nl ), it is now setting up similar shops for the markets of Spain and Poland. Spain ...
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Article
Lululemon invests in a smart mirror start-up
Lululemon has joined in a just completed $34 million Series B funding round for a New York-based high-tech fitness start-up, Mirror, which launched a smart full-length LCD mirror in September of last year. The display can be used as an interactive home gym, with live and on-demand fitness classes. Taking ...
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News briefs
Prana, a brand of Columbia Sportswear, is offering $100,000 to...
Prana, a brand of Columbia Sportswear, is offering $100,000 to one person as an incentive to enable them to “pursue their passion.” The idea is consistent with the brand's slogan, “Clothing for Positive Change.” Applicants must submit a one- to three-minute video illustrating their current job and their dream job. ...
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News briefs
Andrea Tomat, president of Lotto Sport Italia and Stonefly, has...
Andrea Tomat, president of Lotto Sport Italia and Stonefly, has settled a legal dispute with Gianni Lorenzato, a former shareholder and vice president of Lotto. Lorenzato has agreed to sell his remaining stake of 24 percent in a holding company, NexTB, to Tomat on undisclosed terms. Tomat will thus be ...
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Article
StockX achieves a valuation of $1 billion
The sneaker resale market is hot. StockX, the self-described “stock market of things,” has secured a new round of funding and named a new chief executive. The investment firms of DST Global, General Atlantic and GGV Capital – along with investors from the previous round, such as GV and Battery ...
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News briefs
Andrea Tomat and Adriano Sartor, the main shareholders of Lotto...
Andrea Tomat and Adriano Sartor, the main shareholders of Lotto Sport Italia, have won a verdict against Gianni Lorenzato, a former shareholder who helped take over the brand 20 years ago. The Venice Appeal Court declared invalid a request made by Lorenzato for the bankruptcy of Futura 5760, the holding ...
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Article
Lotto’s holding company is in rough legal waters
Surprisingly, an Italian court has accepted a request to place in bankruptcy proceedings Futura 5760, a holding company that indirectly controls Lotto Sport Italia. Futura, which is controlled by Andrea Tomat, president and chief executive of Lotto, owns 27 percent of Lotto’s shares and 70 percent of Next B, which ...
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Article
New partner for Sporthyra
Sporthyra is innovating again. The Swedish sporting goods chain was founded four years ago as a retailer where customers could rent equipment for shorter or longer periods of time. Thanks to this unique concept, the company has managed to break through on the Swedish market despite fierce competition from established ...
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News briefs
After its absence from the OutDoor fair in Friedrichshafen last...
After its absence from the OutDoor fair in Friedrichshafen last year, Klättermusen will stay away from Ispo Munich as well, as the Swedish outdoor company is continuing to adjust its strategy. The Klättermusen brand was updated last year and the company went through some management changes, after the appointment of ...
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Article
Fitbit is worth $6 billion
The stock market gave Fitbit a valuation of nearly $6.3 billion as the company went public on the New York Stock Exchange yesterday, making the IPO one of the most successful ones in recent years. It's a lot for a company that had net income of $131.8 million on sales ...
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News briefs
A Swedish venture capital firm, Scope, has become the majority...
A Swedish venture capital firm, Scope, has become the majority owner of Klättermusen, a Swedish producer of outdoor clothing, investing 30 million Swedish kronor (€34.9m-$47.2m) into the company. Jonas Meerits, a former chief executive of J.Lindeberg and a co-investor in Scope, will be the new chairman of the board. Staffan Rönn, ...
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News briefs
A Nike-backed waterless-dyeing company, DyeCoo Textile Systems, recently gained a...
A Nike-backed waterless-dyeing company, DyeCoo Textile Systems, recently gained a significant new investor in Ikea GreenTech, a venture capital division of the Swedish retailer. In February 2012, Nike announced that it would invest in DyeCoo Textile Systems, a Dutch company that developed the first commercially available waterless dyeing technology. DyeCoo's ...
