Latest Headlines – Page 208
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SnowWorld takes on Europe
SnowWorld, the Dutch operator of indoor ski resorts, has just confirmed that it has completed two large acquisitions in the Netherlands and Germany. At the same time, it has reached an agreement on the complete refinancing of its existing bank loans, as well as adding an acquisition line, which will ...
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Driven by Vans and TNF, VF will not buy Skechers
Skechers' stock market capitalization went up by 6.3 percent after a Tweet message according to which VF Corporation, the parent of Timberland, Vans and other brands, was in advanced negotiations to buy the company at a high premium, giving it an enterprise value of about $6.5 billion.On the next day, ...
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The North Face unveils a breathable waterproof fabric
At this year's Consumer Electronics Show (CES) in Las Vegas earlier this month, The North Face unveiled a new innovative waterproof material – dubbed Futurelight – designed for use in outdoor apparel and equipment. It described this as a revolutionary fabric that is the most waterproof and breathable fabric ever created, ...
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Adidas launches its new Parisian platform for start-ups
Adidas has announced the launch of “Platform A,” its new sports accelerator program, located at the Paris-based start-up campus Station F. The company said it is investing €1 million in the development of the initiative. Platform A brings together 13 start-ups that have been selected to work with Adidas on ...
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Adidas and Foot Locker call on consumers to design shoes
Adidas and Foot Locker are collaborating on a go-to-market plan that allows consumers to help create footwear with a local flavor. The plan takes inspiration from three themes: speed, cities and the open-source ideal of the computing world, where the raw code is public, free and open to changes by ...
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Nike puts out a more affordable self-lacing shoe model
Nike has announced the Adapt BB, a low-cut basketball shoe that laces itself and adjusts its fit in accordance with settings entered into a smartphone app, itself called Nike Adapt. Each shoe contains a small motor and a tension-adjusting gear that can tighten or loosen the upper either on command ...
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Puma and Porsche announce a collaborative sportswear collection
Puma and Porsche Design have entered into a strategic partnership on a new line of high-end sportswear, footwear and accessories, starting in the spring/summer 2019 season. The Porsche Design Sportswear Collection will be available in early March.The collection has been described as combining the respective philosophies of the two brands. ...
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Suunto is opening its doors to app makers
To expand its “digital ecosystem,” Suunto, the maker of sports watches, dive computers and precision instruments owned by Amer Sports, has announced what it calls the Suunto Partner Program. The company has opened its cloud-based application programming interface (API) to encourage companies and other individuals to design apps to work ...
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Head may or may not diversify into cycling
A bankruptcy judge in North Carolina agreed earlier this month to sell certain assets of Advanced Sport Enterprises (ASE), a U.S.-based distributor and retailer of bicycles, to HTM, the holding company of Head Sport, at an auction for $21.5 million. After a court hearing last week, the judge pushed back ...
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Zimtstern is back
After stopping all activities for a few months, Zimtstern is coming back. This time, under new ownership and with a new head office in Germany, the former boardsports brand will focus on bikewear, including a line of sustainable mountain bike clothing targeting trail bikers and a new collection with urban ...
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Shimano and Rapala to end several distribution agreements
Shimano Europe and Rapala VMC Corp. have agreed to terminate many of their distribution agreements across Europe and South-Africa by 2020. The two companies, which have been partners for more than 26 years, are now willing to control their own brands in a series of countries.Specifically, the two parties have ...
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BasicNet takes over a major Kappa licensee
Basic Italia, the subsidiary of BasicNet in charge of direct sales of its brands on the Italian market, has announced its acquisition of a 61 percent controlling stake in Sport Finance, the French company run by François-Xavier Chupin that has the Kappa license for France, the U.K., Switzerland, Spain and ...
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Fast-growing Brooks changes Nordic distribution
Oy Patrol Trading, a former distributor of Asics in Scandinavia and the former owner of One Way Sport, has taken over the distribution of Brooks Running in the Nordic countries through a merger. It has taken over majority control of Brooks Scandinavia from Erik Nystedt, a former country manager of ...
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Brooks continues to run very fast
Brooks Running raised its global sales by 26 percent to $644 million, with footwear sales rising by 28 percent to an indicated level of $593 million in 2018, judging from a report released by its parent company, Berkshire Hathaway on its growth. Apparel sales went up to an indicated $50 ...
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Lululemon’s shares soar after new guidance
Lululemon Athletica saw its share price jump by 7 percent after the Canadian group raised its forecast for profits and revenues for the last quarter of its financial year, ending on Feb. 3. It now expects to report revenues in a range of $1,140 million to $1,150 million for the ...
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Crocs is still outperforming, wants to do better
With its financial turnaround virtually completed, Crocs is considering new initiatives in terms of product development and retailing, including the further development of e-commerce, to help reach a double-digit operating margin going forward, while keep gross margins slightly above 50 percent of sales and operating expenses below 40 percent.The company ...
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More fashion brands embracing the sports look
Ermenegildo Zegna, the premium Italian brand of menswear, has already put out very protective and expensive overcoats with a good design, using technical materials like Thermore. It is now going for a sportier look in its branded clothing as well as in its footwear, trying to be more original than ...
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Two new sports fabrics fairs are planned in Portland
Première Vision, the world's leading organizer of trade shows for creative fashion materials, is launching a new event in Portland, Oregon, on Aug. 14 and 15. The new Première Vision Sports show will offer seminars, color forecasts and a specialized offer of fabrics, components and designs for high-performance clothing and ...
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Fesi calls on Europe to complete the FTA with Vietnam
The Federation of the European Sporting Goods Industry (Fesi) and other organisations have written to the president of the European Council, Donald Tusk, to urge him to move forward with a proposed free-trade agreement between the EU and Vietnam.On Oct. 17, the European Commission approved the submission of the EU-Vietnam ...
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Arc’teryx starts gear-lending program
Arc'teryx, the fast-growing Canadian outdoor brand of the Amer Sports group, is launching an initiative across its North American stores and one in London that gives customers the opportunity to borrow apparel and gear for field testing.The program is meant to allay fears that the product and its materials might ...
