More about brands – Page 64
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News briefs
Lululemon accuses Peloton of improper legal conduct
Lululemon Athletica asked a federal U.S. court in Manhattan to dismiss a lawsuit filed by Peloton Interactive on Nov. 24, claiming improper legal behavior. The Canadian sports apparel company supplied the clothing for a Peloton branded line from 2016 until the American connected fitness company launched its own range in ...
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News briefs
Crocs improves its guidance
Crocs improved its financial guidance, telling investors that it now expects to reach a non-GAAP operating margin of nearly 30 percent for 2021 as sales will likely show a 67 percent increase to $2.31 billion for the year, rather than the previously predicted 62-65 percent range. The new forecast is ...
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News briefs
Moncler releases capsule collection
Moncler Grenoble has launched a winter capsule collection with a double Chinese connection. On the one hand, the Franco-Italian brand has hired a Chinese actress and singer, Victoria Song, for the marketing campaign. On the other, it has struck a deal with a Chinese toy brand, Pop Mart, to create ...
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News briefsCanada Goose releases an undyed PFM capsule
Canada Goose has launched a capsule with the same name as its sustainability plan, Humanature, with a pledge to accomplish a shift to “Preferred Fibers and Materials” (PFMs) for 90 percent of the brand’s apparel by 2025, while reiterating its pledge to stop using fur by the end of this ...
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ArticleNicole Otto leaves Nike to become TNF’s new global brand president
VF Corp. has named a digital expert, Nicole Otto, as global brand president for The North Face (TNF), based in Denver, Colorado. Next June, she will succeed Steve Murray, a British-born industry veteran who will be retiring this year, as planned, returning to the U.K. Murray had been promoted from ...
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ArticleAmer Sports sells Suunto to a Chinese tech firm
Amer Sports revealed an agreement reached with a Chinese technology company, Liesheng, to sell its Finnish-based Suunto brand, which specializes in sports watches, dive computers and other precision sports instruments. Amer said the sale was in line with its strategy to focus on developing internationally recognized sporting goods brands in ...
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News briefsIcebug partners with POW
Icebug is the latest global partner of Protect Our Winters (POW). The Swedish shoe producer, known for its spiked after-ski boots, has a long-standing commitment to sustainability, whether it’s switching from petrochemical to algae foam, changing fabric dyeing processes, eliminating air freight or installing solar power in the factories that ...
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News briefs
Oeko-Tex introduces ‘impact calculator’ for textile companies
After about two years of development, Oeko-Tex has produced an “impact calculator” with which textile and leather companies can track their CO2 emissions and water use and share the data with customers, investors, business partners or others. It is available to customers of STeP by Oeko-Tex. Later this year, moreover, ...
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News briefs
Adidas launches community program with Arsenal FC
In collaboration with the Arsenal FC, Adidas has launched an inspirational campaign, called “No More Red,” against knife crime and youth violence. In addition to refurbishing a pitch near the Emirates Stadium, where the English Premier League football club plays, the two partners are setting up a mentorship program in ...
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News briefsHummel raises funds for the LGBTI community
“We unite in our differences. We unite in sport,” says Hummel, announcing that it has raised £12,472 (€14,960-$16,890) for the Everton football club in the U.K. through the sale of a limited edition of Everton rainbow warm-up shirts. The amount will go to the club’s Community Youth Engagement Program, specifically ...
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ArticleMojo Vision partners with sports apps
Mojo Vision, a provider of smart contact lenses based in California, has established partnerships with five connected-fitness platforms: Adidas Running, the German sportswear company’s digital-tracking division; Trailforks, a trail-mapping service for cyclists and hikers; Wearable X, provider of smart haptic fitness apparel; Slopes, an iOS, Android and Apple Watch app ...
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News briefsChange of leadership at Chris Sports
Christian Bättig, owner and founder of Chris Sports, a Swiss importer for numerous sports and bike brands for Switzerland and some other countries, has handed over the reins of management to the company’s previous chief financial officer, Andreas Guglielmo, effective Jan. 1. Guglielmo has been with Chris Sports for more ...
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News briefs
New Reebok licensee for Greater China
Tristate Holdings, a licensee of the Authentic Brands Group (ABG) for its Nautica and Spyder brands, has been selected as the licensee for Reebok in China, Hong Kong, Macau and Taiwan after its takeover from the Adidas Group. It will manage all wholesale and retail operations for Reebok in the ...
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News briefs
Adidas starts new share buyback program
Adidas announced the start of the first tranche of its new multi-year share buyback program, announced in December 2021. As part of the program, the company intends to repurchase up to €1 billion worth of its own shares during the first quarter of 2022 alone. The company, which already completed ...
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News briefs
Lululemon appoints new CEO for Mirror
Michael Aragon is to become the CEO of Mirror and Lululemon Digital Fitness on Jan. 17. He will be overseeing the development and expansion of Mirror’s digital platform and report to Lululemon’s CEO, Calvin McDonald. For the past five years Aragon has been chief content officer at Twitch, the livestreaming ...
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AnalysisAnalysis: The industry’s market cap rose by 9.5% in 2021
This exclusive chart shows the development in the market capitalization of the top 88 stock-listed sporting goods companies between the end of 2020 and the end of 2021. This is exclusive data and analysis for Professional Members.
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News briefs
Revo to sponsor an Italian mountaineering association and the World Pro Ski Tour
Revo has announced two important ski-related sponsorships at the start of the new year. The American brand of sports and sunglasses has become the official eyewear sponsor of both an Italian association of mountaineering guides, Società Guide Alpine Courmayeur. It will also be the sponsor of this year’s edition of ...
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News briefs
ABG cancels its IPO registration
The Authentic Brands Group has officially withdrawn the application that it had made with the U.S. Securities & Exchange Commission on July 6, 2021 for an initial public offering. ABG, which is still in line to take over Reebok before the end of the current quarter, had indicated in November ...
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News briefs
Nike sues Lululemon for patent infringement
Nike has filed a suit in U.S. District Court in Manhattan against Lululemon Athletica, alleging the infringement of six U.S. patents by the latter’s Mirror Home Gym and related apps, reportedly after Lululemon summarily rejected Nike’s demand to stop the alleged infringements. The Mirror is an interactive, wall-mounted screen that ...
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News briefs
A new sustainable collab between Adidas and Prada
Adidas has unveiled a new partnership with Prada with a sustainable twist. The new Adidas for Prada Re-Nylon collection consists of a wide range of Adidas Originals products made in Italy with the permanently recyclable Re-Nylon fabric introduced by Prada in 2019, which is made by recycling textile waste and ...
