More about brands – Page 159
-
News briefs
VF closes industry’s first “green bond”
(OIC) VF Corp. announced on Feb. 27 the closing of the first “green bond” in the apparel and footwear industry. The net proceeds from the €500 million bond offering will be used for investment in programs within the company’s “Made for Change Sustainability & Responsibility Strategy,” and to drive progress ...
-
News briefs
Skechers signs up Redknapp
Jamie Redknapp – a former midfielder for the Bournemoth, Southampton, Liverpool and Tottenham Hotspur football clubs – has signed a deal with Skechers to promote its lifestyle men’s collections in Europe as of this spring. Redknapp helped Liverpool win the 1995 Football League Cup final. He retired from professional play ...
-
News briefs
Patagonia sues over apparent “Petrogonia” parody
Patagonia has filed suit in Los Angeles federal court against OC Media for trademark infringement, unfair competition and other violations of the Lanham Act. Open Caucasus Media, as it is formally called, is a Russian-language news website covering the North and South Caucasus. Its funders include the European Endowment for ...
-
News briefs
Lotto works with Starvie
Lotto Sport Italia has signed a three-year deal to become the technical sponsor and official supplier of StarVie, the Spanish producer of pádel equipment. Lotto will be outfitting StarVie’s 80 or so professional pádel players for the World Pádel Tour. StarVie has been active in the sport of pádel for ...
-
ArticleCoronavirus depresses Adidas’ and others’ sales in China
COVID-19 or the novel cronavirus, as the virus is now named, has already infected more than 79,000 people in 30 countries around the world, according to the World Health Organization, but it remains largely concentrated in China. While it has been expanding at a slower rate recently in the country, ...
-
Article
A new executive team at Nike
John Donahue, the new chief executive of Nike, has installed a new leadership team to replace the one that accompanied the outgoing CEO, Mark Parker, from April 1 onward. Two former Parker lieutenants, Eric Sprunk and Elliott Hill, will retire from the company later this year. Like Trevor Edwards, who ...
-
ArticleBasicNet exceeds €1 billion in aggregate revenues for the first time
BasicNet, the owner of Kappa, K-Way and other brands, posted aggregate sales of €1,025 million, representing a 17.1 percent increase as compared to 2018, based on preliminary figures. The figure includes €742.9 million from commercial licenses and €282.4 from production licenses. The operating result before amortization and depreciation (Ebitda) of ...
-
Article
Shimano buys Pioneer Sports Cycle assets
Shimano is planning to develop new products, web services and applications using certain assets of Pioneer Sports Cycle that it has acquired from Pioneer Corporation, the U.S. company that developed the first pedaling monitor and cycling computers in 2013.
-
Article
Big loss at Fitbit pending Google’s bid
Google’s proposal to acquire Fitbit for $2.1 billion was approved by the latter’s shareholders on Jan. 3, but it is still undergoing regulatory scrutiny in the U.S. and Europe. In both areas, regulatory authorities have expressed concern that the health and other data being collected by Fitbit will be used ...
-
Article
Canada Goose lowers outlook due to Coronavirus impact
Canada Goose Holdings has drastically lowered its guidance for the financial year ending on March 29 due to the coronavirus outbreak and its impact on sales in Mainland China. The management said that the virus is affecting retail sales of its products both in China and in stores located in ...
-
Article
New CEO for Rapala
In the midst of reforms to turn around the business, Rapala VMC has appointed Nicolas Warchalowski as its new chief executive, effective from March 1, 2020. He has had an extensive career in international consumer businesses, heading up companies such as BabyBjörn, Peak Performance and Haglöfs.
-
Article
Moncler continues to grow, without Kering
The chief executives of Moncler and Kering have both denied press speculation about a possible acquisition of the Italian brand of luxury outerwear by the parent company of Gucci, Saint Laurent and other luxury goods brands, which spun off Puma two years ago. Indicating that there were no concrete plans ...
-
News briefs
YKK introduces magnetic zippers
YKK, the Japanese producer of fasteners, has come up with a zipper that substitutes magnets for interlocking teeth. The aptly named Magnet Zipper seals the two sides of a garment by electromagnetic attraction when they are brought close together. As the company explains, this makes the zipper easy to operate ...
-
News briefs
Wolverine settles over contaminated water
Wolverine has agreed to pay $69.5 million to local authorities and the state of Michigan over several years to remedy water contamination from chemicals used in a now-closed tannery and other company-owned facilities in the state. On the other hand, WWW will get $55 million in a lump sum from ...
-
News briefs
Nike wins case against Avenatti
Michael Avenatti – the California lawyer who rose to prominence representing an American stripper, Stormy Daniels, in a failed lawsuit against Donald Trump – has been found guilty of extortion, wire fraud and transmission of interstate communications with intent to extort in New York federal court. The plaintiff is Nike, ...
-
News briefs
Nike hits counterfeiters via their customs brokers
Nike has filed suit against some of its customs brokers in the U.S. – B&H Customs Services, Hana Freight and Shine Shipping – alleging their use of fake documents and a stolen corporate identity to get four containers filled with counterfeit merchandise past customs. One of these, recently seized in ...
-
News briefs
Patagonia Opens Second U.K. Store
Patagonia opened its second store in the U.K. earlier this month, in Bristol. It already has one in Manchester. The new 280-square-meter brand store will not only present the collections from the outdoor sports segments, covering climbing, snow sports, surfing and trail running, but will also serve as a meeting ...
-
News briefs
New top managers at Wolverine
Wolverine World Wide has appointed Joelle Grunberg as global president of its Sperry division and Tom Kennedy as global president of the Wolverine brand, with oversight for the Licensing Group and membership on the acquisitions team. Grunberg has spent the past seven years as president and chief executive for North ...
-
Short stops
New top managers at Under Armour
Under Armour has promoted Colin Browne from chief supply chain officer, the post he attained in 2017, to chief operating officer. In addition to the supply chain and procurement, he will now be overseeing demand planning, distribution, IT, business processes, corporate real estate, asset protection and sustainability. Browne joined the ...
-
News briefs
JD celebrates the Superstar with Adidas
JD Sports Fashion, the U.K.-based retailer, and Kano, the British rapper, are helping Adidas to celebrate the 50th anniversary of its Superstar shoe. Their collaboration, called “3 Bar Superstar,” amounts to a talent search. This February, a mobile recording booth has been stopping at three malls in the U.K. – ...
