Latest Headlines – Page 254
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Nike renews France and England football deals
In another instalment of the reset of large-scale football endorsement deals, Nike has extended and raised the value of its partnerships with both the French and English football associations. Nike didn't publicize the sums involved in either of the deals, but L'Equipe reported that the partnership with the French Football ...
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Jordan claims partial legal win in China
Michael Jordan has claimed partial victory in his long-running legal fight with Qiaodan Sports, which has been using the Chinese characters for his name as a trademark to sell basketball footwear in China. China's highest court has reportedly overturned earlier rulings against the retired U.S. basketball star for the use ...
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Batra gets the Hi-Tec shoe license for many European countries
Cherokee Global Brands (CGB), a U.S. company that agreed a few weeks ago to take over nearly all of the assets of Hi-Tec International and turn it into a licensing operation, says it has already sealed licensing agreements with Carolina Footwear for the U.S. and Canada, and the Batra Group ...
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Going back to its roots, Superga embraces sport
With sports-inspired lifestyle shoes and clothing enjoying a boom all over the world, the well-known Italian brand of sneakers is developing further its new Superga Sport line by investing in sponsorships with former tennis stars. After the rather successful launch of a new line of Superga shoes co-branded with Adriano ...
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Lotto and Stonefly draw closer together
Lotto Sport Italia and Stonefly will remain two distinct legal entities. Specializing in athletic footwear and casual comfort shoes, respectively, and they will keep their brand positioning distinct. They will also continue to be based at their present offices in Trevignano and San Gaetano di Montebelluna, which are not far ...
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LVMH invests in Pinarello
Pinarello Holding is planning to further develop its line of apparel and accessories and to continue its international expansion, opening single-brand stores around the world, following an investment in the Italian producer of high-end road bikes by the European and North American units of L Catterton. Fausto Pinarelli will continue ...
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Giant reshuffles leadership
Giant Manufacturing, the parent company for Giant Bicycles, is preparing for a generation change in its management, with the retirement of its founder and chairman, King Liu, as well as its chief executive, Tony Lo. They are both among the most prominent business personalities in the international cycling market, having ...
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Lululemon outperforms, but some analysts worry
Lululemon Athletica delivered better-than-expected results for the third quarter ended Oct. 30, 2016, with gains in profits, revenues and margins. It was the latest in a series of strong quarters, and the Canadian brand attributed this performance in part to its international expansion. Revenues increased by 13.0 percent for the ...
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Acushnet cuts losses by more than 50%
Acushnet, the company behind Titleist, Footjoy, Pinnacle and other golf brands that recently went public, reduced its net loss in the three months to Sept. 30 to $6.2 million, from $14 million a year ago. This was mainly due to higher income from operations as a result of higher gross ...
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Le Coq Sportif to break even next year
A business update provided by Airesis, the Swiss company that owns majority stakes in Le Coq Sportif and Movement, indicates that the company has contracted mandatory convertible loans worth about €9 million in the second half of the year to finance the expansion of Le Coq Sportif, as bank financing ...
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Wolverine sells Robeez, lays out the Way Forward
The management of Wolverine Worldwide had already hinted that it was considering the divestiture of some non-core assets, while promising shareholders that it was going to do its best to attain an operating margin of 12 percent by the end of 2018 through a variety of measures.After the discontinuation of ...
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Mizu opens a European office in Amsterdam
We have already reported about Hydro Flask's new European headquarters in Basel, Switzerland (The Compass – Vol. 9 – N° 7+8 of Apr. 13). Last month, another American supplier of vacuum-insulated drinkware as well as reusable bottles, Mizu, announced the opening of a wholly owned European subsidiary, Mizu Europe.Mizu Europe ...
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Patagonia launches a collection using recycled materials
Patagonia has unveiled a new collection made of recycled materials, from the insulation to the outer layers. The so-called Recollection includes shirts, fleece vests, a coat, a hooded pullover, men's pants and a skirt. The items are made from 100 percent recycled down, 100 percent recycled wool and 100 percent ...
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Patagonia expands its Fair Trade program for autumn 2016
Patagonia has scaled up its Fair Trade program, in partnership with Fair Trade USA, from one factory and 11 styles in autumn 2014 to six factories and 218 styles in autumn 2016. By autumn 2017, the California-based outdoor brand expects to boost further production of fair trade garments from 218 ...
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Zalando’s margins beat forecasts
Beating forecasts, Zalando reported higher profits for the third quarter ended Sept. 30, thanks to higher efficiencies in inventory management and other processes, although the growth of its turnover slowed down to 17.1 percent year-on-year from the 25 percent rate enjoyed in the previous quarter. It generated an adjusted Ebit ...
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The 2017 Ispo Brandnew winners
An international jury, mostly made up of former winners of the Ispo Brandnew Awards, has picked the eight start-ups who have won the competition this time in eight categories and 42 finalists among nearly 400 submissions. All the winners will be allowed to show their products in Hall B5 at ...
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Hi-Tec to be acquired by Cherokee
Cherokee Global Brands (CGB), a U.S. company specializing in apparel sales and licensing, has agreed to take over nearly all of the assets of Hi-Tec Sports International for an aggregate purchase price of about $95.8 million from the Van Wezel family, and to transform the Dutch-based sports and outdoor footwear ...
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Woolrich falls under its licensee’s control
In a rare case where a company is acquiring control on a global basis of the brand it distributes or licenses in certain territories, Italy's WP Lavori in Corso is merging its operations with those of Woolrich Inc. to form a new company, Woolrich International, in which it will have ...
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Foot Locker enjoys the lifestyle trend
Foot Locker is benefitting from the growing importance of the lifestyle segment of the athletic footwear market, for example with the success of Adidas Originals in its U.S. stores during the third quarter of its financial year, ended on Oct. 29. It is re-introducing casual lifestyle items in the stores ...
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Foot Locker brings Jordan to Europe
The first free-standing Jordan store in Europe opened in the Bastille district of Paris a few days ago, taking the place of a former furniture outlet. It is managed by Foot Locker, which opened a Jordan store in New York last year through its Footaction chain, naming it Flight 23. ...
