More about brands – Page 126
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News briefs
Adidas confirms options for Reebok
Confirming previous media reports, the Adidas Group says that it has started considering various options for its Reebok brand, including a possible sale. “As part of the development of its new five-year strategy, adidas has begun to assess strategic alternatives for Reebok. These strategic alternatives include both a potential sale ...
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Article
Lululemon’s profits return to double-digit growth
The yoga apparel specialist saw its net income progress by 14 percent in the third quarter to $143.6 million, rebounding from a 31 percent dip suffered in the second one, in spite of extra expenditures of $8.5 million related to the $500 million acquisition of Mirror. The gross margin rose ...
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News briefs
VF signs the UN Global Compact, commits to women’s empowerment
VF Corp. is a new signatory of the United Nations Global Compact (UNGC). The company has also endorsed the UN’s Women’s Empowerment Principles. The UNGC’s ten principles boil down to the upholding of “internationally proclaimed human rights,” freedom of association and collective bargaining for labor, the rejection of forced, compulsory ...
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ArticleDecathlon will gross €30m in its first year in Ireland
For several reasons, Decathlon’s entry into the Republic of Ireland, which added a 59th country to the French sports retailer’s worldwide roster, has been a huge success. The project’s 41-year-old leader, Bastien Grandgeorge, is expecting a profit on sales of around €30 million in the first year of operation of ...
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News briefs
Puma releases Neymar boots and clothing
Puma has unveiled the Future Z 1.1, a special teaser edition of its Future Z range that has been designed exclusively for PSG star Neymar Jr., the player of the Paris Saint Germain team who is now sponsored by the brand The football boot features an adaptive Fusionfit+ midfoot compression ...
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News briefs
Nike inks multiyear deal with UCLA
Nike and UCLA Athletics have announced a new partnership deal that will make the Jordan brand and Nike the Bruins’ official athletic footwear, apparel and equipment provider beginning on July 1, 2021. The financial details of the agreement were not disclosed, although reports in the Baltimore Business Journal suggest that ...
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News briefs
Puma invests in a men’s brand, Ron Dorff
Earlier this year, Vogue magazine named Ron Dorff one of the world’s top three brands of men’s swimwear brands and Gentlemen’s Quarterly (GQ) named it one of the top ten brands of men’s underwear. Puma has now invested €4 million in this French brand of men’s sportswear and bodywear through ...
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News briefs
Fanatics acquires WinCraft
As Sports Business Daily reports, Fanatics has acquired WinCraft, in a move that will diversify the company’s reach beyond its core licensed apparel business. Established in 1961, WinCraft is a producer of sports-themed hardgoods and other non-apparel items. The company generates about $100 million in annual revenues, according to Fanatics, ...
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News briefs
Foot Locker adopts a “poison pill”
Foot Locker announced that its board of directors has adopted a “short-term shareholder rights plan” designed to reduce the likelihood that anybody will gain control of the company without appropriately compensating its shareholders. It will distribute one right to each outstanding share as a dividend if any person acquires 20 ...
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News briefs
Spanish sales agency helps Under Armour
Amazing Solutions, a sales agency in Barcelona, has agreed to support Under Armour in its relations with the numerous Spanish buying groups, starting with the autumn/winter 2021/22 season. Correcting a local press report, Under Armour says it still has a small office in Spain, employing Marc Colomer as sales manager ...
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News briefs
A new book describes Nike’s design ethos
Nike has announced the release of a book that offers a behind-the-scenes insight into the company’s design philosophy. The 320-page book, described by the brand as a “first-of-its-kind publication,” is entitled Nike: Better is Temporary and is published by Phaidon. The book’s title is drawn from a conversation between the ...
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News briefs
European sponsors bank on post-Covid recovery, but see a need for innovation
A survey conducted by the European Sponsorship Association (ESA) has shown that executives from across the European sponsorship industry are increasingly confident in the sector’s recovery from the Covid-19 crisis. The brands are most positive about the future. Rights holders and agencies, which have felt the most immediate impact from ...
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News briefs
Nike partners with iCoachKids
Nike has announced a new partnership with iCoachKids to support youth coaches. iCoachKids is a global not-for-profit coaching movement that was initiated in 2016. The movement is led by the Leeds Beckett University, the public university in Leeds formerly known as Leeds Metropolitan University, and the International Council for Coaching ...
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News briefs
Adidas and Vice Golf partner on a shoe project
Adidas and Vice Golf, a German brand of golf balls, have joined forces on a limited-edition golf shoe that incorporates the Adidas Boost foam-cushioning technology. The shoe is mostly white, with lime-green accents and a camouflage pattern in gray and white on the top. Vice’s logo is visible underneath the ...
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News briefs
One of Zalando’s three CEOs to step down
Rubin Ritter plans to step down as Zalando’s joint chief executive, responsible for strategy and communication. He and the company’s supervisory board will be negotiating to dissolve his contract, which was to run until November 2023. Ritter says that he will be spending more time with his expanding family and ...
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News briefs
Stone Island merges into Moncler
Moncler says it is going “beyond fashion” and “beyond luxury” through an agreement in principle to merge with Stone Island, an Italian brand of casual sportswear. It is also going beyond its roots in sports. As Moncler puts it, the two brands want to strengthen their ability to interpret the ...
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News briefs
Titleist announces licensing deal with the Lions
Titleist has announced a new licensing partnership with the British & Irish Lions, the touring team of rugby players selected among the best players from the national teams of England, Scotland, Wales and Ireland. The deal has been secured by The Point.1888, a U.K.-based brand licensing company. Titleist will offer ...
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Article
Many seek to ‘Make Amazon Pay’
Some 401 parliamentarians and public officials – among them Jeremy Corbyn, former leader of the U.K.’s Labour Party; Yanis Varoufakis, Greece’s former minister of finance; and Ilhan Omar and Rachida Tlaib, two members of the so-called “Squad” in the U.S. House of Representatives – have signed an open letter to ...
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News briefs
Rip Curl extends sponsorship of Gabriel Medina
Rip Curl has extended by another five years its sponsorship of Gabriel Medina, the two-time surfing world champion. Their arrangement has lasted 12 years so far. This year’s World Surfing Tour has been cancelled over Covid-19, but the Billabong Pipe Masters competition remains scheduled for Dec. 8. Medina will also ...
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Infographics & DataThe German Sports Retail Market
This interactive chart shows the largest german sports retailers by revenue, total market size 2019, market shares and revenue development vs the previous year. This chart can be downloaded as JPG, PNG or PDF.
