More about brands – Page 138
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News briefs
UA to control its EMEA sales from Amsterdam
Under Armour has announced plans to establish a “futuristic” digital hub at its European headquarters in Amsterdam to centralize sales operations and to improve the brand experience. The hub is to have a “combination of physical and digital attributes,” supporting in-person and remote selling. It will combine an “enhanced digital ...
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News briefs
Hoka signs four-year extension of its deal with NAZ
Hoka One One has signed a four-year deal with the Northern Arizona (NAZ) Elite distance-running team. The deal, which takes effect on Jan. 1, will cover the members of the club and boost its “coaching resources,” enabling it to provide health insurance to the athletes for the first time. It ...
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News briefs
Thule Group is changing its senior management
Thule Group is forming a new senior management team to take a “global approach” to its supply chain and product development, starting on Oct 1. The change comes with the announcement that Fred Clark, business area president for the Americas region, will be retiring in early 2021, as soon as ...
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News briefs
Liverpool coach becomes an Adidas ambassador
Just as Nike is starting to outfit the members of victorious Liverpool football team with its jerseys and cleats, Adidas has started a multi-year contract with the English club’s coach, Jürgen Klopp, to be one of its ambassadors, effective immediately. As he did before from 2016 with New Balance, the ...
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News briefs
Special status for Sport 2000 in Austria
Sport 2000 Österreich has been certified for the second time by PHP Sport Management as “Sport Leading Company” in its domestic market. The Austrian buying group, which reached a retail turnover of €579 million in 2019, claims a market share of 29 percent. It federates 240 retailers with 403 ...
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News briefs
The Finnish biathlon team will wear Halti
Taking the place of Craft, its former sponsor, Halti has become the sponsor of the Finnish National Biathlon Team and the official supplier of clothing for the members of its men’s, women’s and junior teams under a new two-year contract that is expected to improve the brand’s international visibility because ...
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News briefs
Under Armour expands its restructuring plan
Under Armour is now planning to lay off a total of 600 employees, working primarily in its corporate offices around the world and representing around 9 percent of its total staff, as part of an expanded restructuring program involving pre-tax charges of between $550 million and $600 million to be ...
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Article
Lululemon sells more than it had projected
Thanks to strong gains in e-commerce, and despite disruptions in stores because of the Covid-19 pandemic, Lululemon Athletica managed to grow revenues by 2 percent to $902.9 million in the second quarter ended on Aug. 2, with a growth of 3 percent in constant currencies. Direct-to-consumer net revenues represented 61.4 ...
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News briefs
Decathlon recalls Domyos exercise balls
Decathlon is recalling about 510 Swiss balls for exercising – model numbers 8529175, 8529176 and 8529177 – sold under the Domyos brand in the U.S. and through www.decathlon.com from February 2019 to March 2020. Decathlon USA knows of at least 26 cases worldwide – none in the U.S. – in ...
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News briefs
Fanatics acquires Top of the World from Vetta
Fanatics, the Florida-based provider of sports merchandise, is acquiring some of the assets of Vetta Brands, which is currently under liquidation. Chief among these assets is Top of the World, which, until the Covid-19 pandemic wiped out its business, had been manufacturing hats for hundreds of college sports brands at ...
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ArticleAmazon’s European chief is stepping down
Xavier Garambois, who has been running Amazon’s European retail operations for the past eight years, is leaving the company. According to The Telegraph, he will be replaced by Jorrit Van der Meulen, Amazon’s vice president for Europe, who has also been in charge of Amazon Devices (Alexa, Vesta, etc.) outside ...
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News briefs
Li & Fung appoints chief customer officer
Li & Fung of Hong Kong has appointed Deepika Rana to the new post of chief customer officer. A 17-year veteran of at the international sourcing group, Rana will retain the titles of president of supply chain solutions, president of the executive office, and executive vice president and country director ...
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News briefs
Salomon to release a shoe model designed for recycling
Next February, Salomon will be introducing a running shoe for the circular economy, using recycled polyester that can subsequently be re-purposed for the brand’s ski boots, in time for release in winter 2022. The fruit of a purported three years’ research at the brand’s Annecy Design Center in the French ...
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ArticleAmazon: The Janus-faced company
The current Covid19 crisis has accelerated Amazon’s consumer goods business exponentially. The Silicon Valley giant doubled its profits in the second quarter of this year and increased its turnover to nearly $89 billion. The share value has also nearly doubled since the middle of March. On Sept. 1, Amazon announced ...
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News briefs
A special director joins Under Armour’s board after a new shareholders’ complaint
Under Armour has announced that Wes Moore, the chief executive of the Robin Hood Foundation, has joined its board of directors. The foundation has distributed more than $3 billion to organizations that address disparities in education, housing, food insecurity and workforce development. Moore, 41, has worked in investment banking and ...
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News briefs
Macron is the new kit sponsor of K.K. Zadar
Macron will replace Adidas as the technical sponsor of K.K.Zadar, the professional basketball club based in the city of Zadar (Zara), Croatia. The Bologna-based sportswear company has agreed a three-year deal with the club starting from the next season. Among its multiple trophies, K.K. Zadar boasts six titles in the ...
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News briefs
Adidas’ former Yeezy boss will work for Shopify
The mystery about the recent departure of the former head of the successful Yeezy business unit at Adidas is solved. Shopify has just announced that Jon Wexler will be joining the global, Canadian-based e-commerce company on Sept. 14 as vice president of its creator and influencer program. As he did ...
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News briefs
Peloton sets up a health advisory council
Peloton has established a Health and Wellness Advisory Council to find ways to foster the “physical, mental and emotional wellbeing” of its subscribers worldwide. The council’s five members are doctors, researchers and other specialists in cardiovascular medicine, cardiopulmonary exercise, neurology and neuroscience. According to the company’s president, William Lynch, Peloton’s ...
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News briefs
Puma to release a Porsche collection
Puma has teamed up with a storied German automotive brand for the Puma x Porsche Design footwear and apparel collection, intended to mix luxury with performance. The three shoe models – Xetic M, Xetic L and Xetic M Shift – have a new type of sole, called Xetic, that is ...
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News briefs
Adidas places two low-yield €500 million bonds
Adidas placed two low-yield bonds worth a total of €1 billion, describing the transaction as its first one as an investment-grade-rate issuer, demonstrating the company’s strong credit profile. The bond offer was more than seven times oversubscribed. The proceeds will be used for general purposes including the repayment of existing ...
