LATEST – Page 157
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Article
Google ready for new concessions to take over Fitbit
Google has agreed to allow other makers of wearables to easily connect to its Android platform and its application programming interface (API) as a new condition for the European Commission’s anti-trust body’s endorsement of its planned $2.1 billion acquisition of Fitbit, according to Reuters. According to Bloomberg, it has also ...
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Article
Anta’s president will run Amer Sports
Jie (James) Zheng, executive director and president of Anta Sports Products, is taking over the responsibilities of Heikki Takala, who has decided to resign from his role as president and chief executive of Amer Sports after ten years in the position. Takala, a former commercial director of Procter & Gamble, ...
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News briefs
Ongoing growth for wearable devices
Despite the Covid-19 pandemic, which created bottlenecks along the supply chain, the global wearables market is expected to grow by 14.5 percent to 396.0 million units in 2020 in terms of deliveries, and to continue to increase at a compound average annual rate (CAGR) of 12.4 percent through 2024, according ...
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News briefs
Lacoste’s branded face mask for Roland-Garros is sold out
Lacoste is getting strong extra visibility as a “premium sponsor” of the Roland-Garros tennis tournament through the sale of a branded anti-coronavirus face mask. Featuring its famous alligator logo, it is being worn by the tournament’s personnel, including the referees and the ball boys. The re-usable cotton mask has been ...
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ArticleVulcabras takes over Alpargatas’ Mizuno license
An asset reshuffle involving three of Brazil’s leading footwear manufacturers will result in Vulcabras Azaleia focusing on sports with its Olympikus brand and the distribution of Under Armour in Brazil, while getting out of the women’s sector and taking over a Mizuno license from Alpargatas, which will concentrate on its ...
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News briefs
Early launch of Swix’ next-gen fluoro-free race wax
Swix Soirt has launched its latest gliding wax collection, Swix Pro, comprising three lines called Performance Speed, High Speed and Top Speed, with both solid and liquid waxes available in the stores this autumn. The new line has been in development for over ten years and was originally planned for ...
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News briefsNew brand identity and new products for avalanche airbag pioneer ABS
SpinCapital, the Munich-based owner the ABS since 2017, is reinventing the well-known avalanche airbag brand founded in 1985 with a new strategy, a new brand identity, new products, a digital offensive and stronger trade marketing.The founder of SpinCapital and chief executive of ABS, Stefan Mohr, is responsible for the newly ...
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News briefs
Gucci teams up with The North Face
Gucci has revealed that it is partnering with The North Face for an unspecified collaboration in the coming months “that celebrates the rich heritage of both brands.” For the big Italian luxury brand, it is the first collaboration of this kind since Alessandro Michele became its creative director five years ...
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News briefs
Reebok to release a plant-based running shoe
In October, Reebok will be releasing the Forever Floatride Grow, a running shoe with uppers derived from eucalyptus trees, midsoles from sustainably cultivated castor beans, sock liners from bloom-algae foam and outsoles from plant rubber. According to Footwear News, the U.S. Department of Agriculture (USDA) has conferred some sort of ...
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News briefs
Positive rating by Moody’s for Canada Goose
Rating its debt for the first time, Moody’s gave Canada Goose a B1 corporate family rating and a B2 rating to a proposed senior secured loan of 402 million Canadian dollars (€258m-$300m) due in 2027, nearly half of which would be used to add cash to its balance sheet and ...
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News briefs
Asics joins renewable-energy coalition
Asics has joined RE100, an international, multi-sector coalition of companies that run or have pledged to run their business entirely on renewable energy. Asics itself hopes to draw exclusively on renewable energy in 60 percent of its “business bases” by 2030 and in all of them by 2050. It has ...
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ArticlePatagonia’s European chief will run the whole group
Ryan Gellert, an American who has been running Patagonia EMEA since the end of 2014, has been promoted to serve as chief executive of Patagonia Works, the parent company of Patagonia Inc. In addition, Jenna Johnson has been promoted from vice president of technical outdoor to a new post as ...
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Infographics & DataRanking - The fastest growing sports equipment brands
This exclusive chart shows the fastest growing sports equipment brands, including Peloton, Fox Factory, Adidas, Garmin, Yeti, Johnson Health Tech, K2/Marker/Völkl, Callaway, Peak Achievement Athletics, Scott Sports. Ranking by %-growth vs last year. The chart and data can be downloaded. This is exclusive data and analysis for Premium Members.
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Article
Fila’s net profit drops by 51%
The pandemic took its toll on the Fila Group, which saw its net income decline by 51 percent to 45,520 million Korean won (€33.3-$37.3m) during the second quarter of 2020, as revenues declined by 34.8 percent to KRW 625,011 million (€457.1-$512.1m), but the Korean-based group managed to improve the gross ...
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News briefsNew Tencel fibers receive CarbonNeutral certification
Under the Tencel brand, the Austrain firm Lenzing is releasing Lyocell and Modal fibers that have received CarbonNeutral® certification. In other words, they comply with the carbon-neutral protocol set up – originally in 2002 – by Natural Capital Partners. In Lenzing’s summation, “the emissions associated with the fibers’ production, manufacturing ...
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News briefs
Puma appoints new distribution GM for EEMEA
Puma has assigned Johan Kuhlo to a new position as general manager in charge of distribution for Eastern Europe, the Middle East and Africa (EEMEA). Kuhlo, who has been lately the company’s head of corporate strategy and investor relations, will be working out of the German company’s regional hub in ...
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News briefs
Dakine updates its Heli Pack series
Dakine is celebrating the 25th anniversary of its Heli Pack backpack by releasing a refitted, more durable iteration of the series, with recycled materials in its construction. The company describes the original backpack, released in 1996, as the “first low-volume backpack designed specifically for backcountry snowboarders and skiers.” It was ...
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News briefs
Asics starts virtual tennis coaching community
Asics EMEA has announced the launch of the Asics Tennis Academy, a virtual community platform to support tennis coaches. Experts, who according to Asics include elite coaches, strength trainers, physiotherapists and sports psychologists, will exchange customized training videos and articles to further professional training on a broad level. Research has ...
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ArticleNike’s shares surge on strong e-commerce and European rebound
The Nike group’s share price rose by more than 8 percent in after-hours trading on Wall Street, hitting an all-time record of $130 when the stock exchange opened this morning, after it presented good results for its first fiscal quarter ended on Aug.31, which included an 82 percent jump in ...
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News briefs
Merrell releases eco-friendly undyed line
Merrell’s new line, the Undyed Collection, has white, undyed uppers made of partially recycled mesh and outsoles made of natural rubber. According to the brand, when measured against factory-supplied averages, the Undyed Collection saves about 80 percent of the water and 50 percent of the energy expended in the production ...
