More about brands – Page 68
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ArticleABG signs up licensees for Reebok in the U.S., Latin America and Australia
True to its own business model, the Authentic Brands Group (ABG) has announced a slate of “strategic operating partners” that will license the Reebok brand for the U.S. and other key regions around the world once its acquisition is completed as planned in the first quarter of 2022. The Sparc ...
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Adidas cancels over 8 million treasury shares after stock buy-backs
After completing its share repurchase program for the year, Adidas says it has proceeded to cancel 8,316,186 shares held in treasury, reducing the share count from 200,416,186 to 192,100,000. In its second tranche of the program, which ran from Oct. 18 to Nov. 25, the company bought back 1,619,683 shares ...
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Kappa’s Chinese owner reports a big financial loss
China Dongxiang, whose holdings include the ownership of the Kappa brand in China, reported a huge net loss of 748 million yuan renmimbi (€103.5m-$115.6m) for the first half of its financial year ended Sept. 30, compared with a profit of RMB 1,116.2 million in the same period a year ago. ...
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ArticleAllbirds’ loss nearly doubled on 33% higher sales in Q3
Reporting its first quarterly results as a public company, Allbirds said its revenues grew by 33 percent to $62.7 million in the three months ended Sept. 30, as compared to the same period a year ago, driven by a 42 percent increase in the U.S. to $47.7 million. Sales in ...
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Adidas partners with cryptocurrency and gaming platforms
Adidas has struck partnerships with the cryptocurrency exchange Coinbase and the gaming platform The Sandbox, announcing them via Twitter on Nov. 22 and 24, respectively. The strategy behind these moves remains undisclosed, but it stands to reason that the German sportswear giant is seeking to sell branded virtual apparel and ...
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Adidas strikes deal with Brooklyn Nets Basketball Academy
Adidas has signed a multi-year deal to become the preferred supplier of merchandise and equipment for the new Brooklyn Nets Basketball Academy for children. The NBA team will be selling Adidas-branded James Harden apparel through the Brooklyn Fanatics store at its home arena, the Barclays Center. Harden plays guard for ...
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Skechers announces sustainable initiatives
Skechers announced the release of a new collection of durable men’s, women’s and children’s sneakers using recycled materials and washable technologies, called Our Planet Matters. The recycled materials will be listed on hangtags and the packaging. It also announced a multi-year partnership with The Nature Conservancy, starting with a minimum ...
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ArticlePraising Allbirds, WSGN warns against greenwashing
With consumers demanding more sustainable and equitable products and being increasingly aware of corporate greenwashing, footwear brands must be authentic in marketing sustainable goods, or else their communication strategy may backfire, WGSN warned during a couple of webinars organized by the Italian trade fair Expo Riva Schuh. Greenwashing can be ...
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ArticleABG sees Reebok reaching $10 bn at retail
Jamie Salter, CEO of the Authentic Brands Group (ABG), told Footwear News that he sees Reebok growing by more than 20 percent in 2022, generating more than $5 billion worth of sales at the retail level. He added that ABG’s goal is to take the brand’s retail sales up to ...
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VF promotes Nina Flood to president of global packs
Source: VF Corp Nina Flood VF Corp. has appointed Nina Flood as president, global packs for Eastpak, JanSport and Kipling. She has most recently served as president of Eastpak, after a long career at two other VF brands, Nautica and Kipling. Flood joined VF in 2003 after ...
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Hydro Flask’s owner adds Osprey Packs
Helen of Troy, the American group that owns Hydro Flask and many other operations, has announced that one of its subsidiaries has entered into a definitive agreement to acquire Osprey Packs, the backpack manufacturer founded in California in 1974. The group said it sees synergies with its Hydro Flask drinkware ...
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Lululemon countersues Peloton over its activewear
Lululemon Athletica launched its threatened lawsuit against Peloton Interactive over the latter’s new activewear line in the federal court for Central California on Nov. 29. Lululemon had sent a cease-and-desist letter to Peloton on Nov. 11, claiming potential infringement of six design patents by five items in the latter’s collection. ...
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Casall grows by 21%
Casall Sport, the Swedish supplier of fitness clothing and equipment, grew by 21 percent to 267 million Swedish kronor (€26.0m-$29.4m) in the past financial year, ended on Sept. 30, leading to a fivefold increase in profits according to Sportfack. In June 2020, when Hanna Hedlund became the company’s CEO, Casall ...
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Nike and others pay tribute to Virgil Abloh upon his death
Virgil Abloh, the visionary American fashion designer behind the nine-year-old Off-White brand of streetwear, died of cancer on Sunday Nov. 28, aged 41. While his collection consists mainly of clothing, including many sweatshirts and some jogging pants, Nike has been partnering since 2016 with Abloh on some special sneakers, with ...
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A new COO for Boardriders
Boardriders has appointed Deborah Palmer Keiser as chief operating officer, according to Shop-Eat-Surf. Replacing Colin Smith, who served as COO on an interim basis, she will start her job at the company’s head office in California on Dec. 13. Keiser has been most recently the president of Timbuk2, the California-based ...
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Peloton sues Lululemon
Peloton Interactive filed a lawsuit in a Manhattan federal court on Nov. 24 against Lululemon Athletica, a former partner with which it subsequently parted amicably. It appears that the American supplier of connected fitness equipment is seeking to head off a likely legal challenge from the Canadian-based sports apparel company, ...
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On takes over the distribution in Spain
CMD Sport reports that On Running will take control of its business in Spain through its own subsidiary. The Swiss brand has officially announced the consensual termination of its business relationship with Siker Sport, which has been distributing On over the past seven years. As of Jan. 1, 2022, the ...
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Pusu teams up with Spinnova for more sustainable skis
A five-year-old Finnish manufacturer of skis and snowboards, Pusu, has decided to partner with Spinnova, using its sustainable fibers to replace carbon and glass fiber as a durable, composite reinforcement material to go with wood. The company has already started pre-selling the first model of skis made with Spinnova for ...
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Nike debuts virtual world on Roblox
In early September it was Vans. Now Nike has established a virtual world on Roblox, the virtual environment and platform for multi-player video games. In Nike’s case, however, the move could relate to a whole new business. As we reported in December of last year, the American sportswear giant has ...
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Nike settles with Skechers
Nike and Skechers have reached a settlement at undisclosed conditions of their long-standing legal battle, putting an end to three intellectual property lawsuits after the mediation of a judge for the Central District of California. The dispute started in January 2016, when Nike accused Skechers of using design elements of ...
