More about brands – Page 72
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ArticleAcushnet raises forecasts for 2021
Acushnet Holdings Corp, the U.S.-based group behind the golf brands Titleist, FootJoy and Pinnacle and the Swiss sports apparel brand Kjus, reported an 8.0 percent increase in consolidated sales to $521.6 million in the third quarter ended Sept. 30, scoring better than what analysts had expected. On a constant-currency basis, ...
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ArticleChampion grew strongly in Q3
Hanesbrands reported increases in its global sales of Champion products of 20 percent in absolute terms and 33 percent excluding discontinued operations such as the C9 mass market program in the U.S., during the third quarter ended Oct. 2, with balanced performances between the U.S. and the rest of the ...
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News briefs
Boardriders reshuffles management
Brad Blankinship, who has been running Boardriders’ RVCA brand of apparel, has been appointed general manager of the Quiksilver brand. He succeeds Garry Wall, a 28-year veteran of Quiksilver who is leaving the group after running the brand for the last six years. David Brooks will be the new general ...
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ArticleExpanded: Allbirds doubles its valuation as it goes public
Allbirds, the California-based producer of Wool Runner merino shoes and other eco-friendly sneakers and apparel sold in a direct-to-consumer mode, started trading on the Nasdaq exchange under the ticker symbol BIRD at an opening price of $21.21 per share on Wednesday, Nov. 3. That was more than 40 percent above ...
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Wilson sets up pádel business team
Wilson Sporting Goods has put together a team to improve its positioning in the pádel market, which is expanding internationally. To lead this team, it has selected its territory commercial manager for southern Europe, Ignacio Cabrera, a 25-year Spanish veteran in sporting goods who has worked for Quiksilver, Adidas and ...
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Reebok’s founder gets Drapers’ Lifetime Achievement Award
Joe Foster, who founded Reebok along with his late brother Jeff in 1958, received this year’s Life Achievement Award from the British Drapers magazine, coinciding with the sale of the brand to the Authentic Brands Group. Foster stepped back in 1989, and the move made the front page of the ...
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ArticleUA upgrades guidance after a good Q3
Under Armour upgraded its guidance while posting better-than-expected results for the third quarter ended Sept. 30, leading to a jump of more than 18 percent in its stock price, close to its 52-week record of $26.45. The company’s net earnings soared to $113.4 million, more than twice the analysts’ consensus ...
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Skechers may restructure its Asian business, making it worth $1.5bn
Skechers is considering various strategic options for its operations in Asia including a possible public offering on the Hong Kong Stock Exchange, says Bloomberg, quoting knowledgeable sources. An IPO could raise as much as $1.5 billion, according to the report, but Skechers would have to buy out first the shares ...
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Zalando’s Zircle app adds resale option in Germany
Zalando has revamped and relaunched the Zircle app in its home market. German customers of the Zalando marketplace can now return articles of womenswear bought from their fellow customers there. All such items appear in the customers’ order history on the app. The new service will be extended to menswear ...
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VF makes new CSR pledges
VF Corp’s fourth sustainability and responsibility report says the group will achieve zero waste verification at all its warehouses and distribution centers by the end of this year, compared with 72 percent at present. This would mean that at least 95 percent of their waste will be diverted from landfills. ...
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ArticlePentland Brands makes new CSR commitments
Coinciding with the start of the COP26 conference on the climate in Glasgow, Pentland Brands released a set of new commitments to support people and the planet for the year 2032, when it will be celebrating the 100th anniversary of its business. The company’s “100-1-0” positive business strategy sets out ...
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News briefs
Hoka collaborates with Moncler
Hoka (formerly called Hoka One One) has collaborated with the outdoor apparel brand Moncler to produce a limited edition of its Mafate Speed 2 trail running shoe. The Mafate S is designed for both mountains and, thanks to the addition of reflectors, city streets. The outsole is made of Vibram ...
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Vans to release two collaborative collections
Vans’ two latest collections are collaborations with the Japanese streetwear brand Bape (A Bathing Ape) and the Italian outerwear brand Napapijri. Vans x Bape, which is due for release on Nov. 30, consists of redesigns of established Vans models – specifically two sneakers and a hoodie – that blend elements ...
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Ellesse collaborates with YouTube group on capsule
Ellesse, the Italian sportswear brand owned by Pentland Brands, is releasing a co-branded apparel collection for autumn/winter with Sidemen (SDMN), a group of friends who run a YouTube channel and have founded a clothing brand, Sidemen Clothing. Among the eight items are a hoodie, a jacket, joggers, a T-shirt, a ...
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Accell makes key supply chain appointment
Accell Group has appointed Francesca Gamboni, who is currently senior vice president of Stellantis in charge of the global supply chain, to the position of chief supply chain officer, tackling what has become an important and complex issue in the bike sector and others. Replacing Jeroen Both, who is leaving ...
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Dorel will pay more taxes in Luxembourg
Confirming the verdict of a lower court, the Luxembourg Administrative Court has ruled that a local subsidiary of Dorel Industries owes €54.6 million including tax to the local government. As a result, the owner of Cannondale, Schwinn and other brands, whose bike division is being purchased by Pon Holdings, will ...
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ArticleSkechers sees 19% sales gain in Q3, but supply chain woes will stretch into 2022
Skechers saw revenues in the third quarter ended Sept. 30 rise by 19.2 percent to a record $1,551 million, an achievement that the company described as “remarkable” amid supply chain bottlenecks that have constrained sales growth and are seen extending into 2022. At constant currency rates, sales rose by 17.1 ...
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Puma signs a prep-school basketball player
Puma has signed its first endorsement deal with a high school basketball player, Mikey Williams, who plays guard for Vertical Academy in Charlotte, North Carolina, and will be eligible for the NBA draft in 2024. ESPN calls the 17-year-old Williams the 11th best prospect in his high school class, and ...
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ArticleDeckers’ Q2 sales grow by 16% on Hoka's gains, but margins are squeezed
Deckers Brands saw revenues increase by 15.8 percent to $721.9 million in its second quarter ended Sept. 30, led by the continued strong performance of its Hoka brand, but delays in deliveries capped top line growth at Ugg. On a constant-currency basis, revenues increased by 14.8 percent, but net earnings ...
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Galaxy will buy Sequential’s active brands for $330m
Galaxy Universal announced that it has won the auction for the active brands portfolio of the bankrupt Sequential Brands Group, which includes And1, Avia, Gaiam and SPRI. The $330 million deal, which is still subject to court approval, is expected to close in mid-November. Galaxy had already made a “stalking ...
