More about brands – Page 78
-
News briefs
Court sets an Oct. 28 deadline to bid for Sequential’s brands
The auction being supervised by U.S. Bankruptcy Court for the District of Delaware for the bankrupt Sequential Brands Group is set to start next month. Interested parties have been given a deadline of Oct. 28 to submit bids for any of its assets to be added to those already filed ...
-
News briefs
Asos enters the e-sports arena through Fnatic
Asos has signed a three-year deal with Fnatic, an e-sports brand with 30 million users, many of them members of Gen Z. As Asos’ chief growth officer, Robert Birge, explains, “gaming and fashion are both passions for young adults,” and “Gen Z-ers increasingly express their style in both the physical ...
-
ArticleNike cuts guidance as supply chain woes worsen in Q1
The Nike group cut its guidance for fiscal year 2022 despite strong consumer demand, as it warned of inventory shortages over the next few quarters in the face of continuing supply chain headwinds that already took their toll on its sales performance in the first quarter ended Aug. 31. Nike’s ...
-
Article
Peloton diversifies into strength training and more
Predicting an adjusted Ebitda loss of $325 million for the current financial year, ending in June 2022, Peloton Interactive told the Goldman Sachs Communacopia Conference that it will be a year of important new product releases as well as strong investments in marketing, supply chain and IT. Notably, the company ...
-
News briefs
Eastpak returns to North America
Eastpak’s iconic daypack has been and still is a hot item in Europe, thanks notably to the efforts of a dynamic French-based distributor, Kostia Belkin, in the 1990s. It also enjoys a strong popularity in Asia, which was the first export market for the brand. Founded in Boston in 1952 ...
-
News briefs
Schöffel enlarges its executive board
Schöffel is restructuring its top management as it divides its business into two segments – Schöffel Sport for its operations in the outdoor, ski and bike sectors; and Schöffel Professional for the development of clothing for corporate and institutional clients. Stefan Merkt, who has been charge of sales for the ...
-
News briefs
J.Lindeberg sees light at the end of the tunnel
J.Lindeberg has indicated that it anticipates a financial turnaround in 2021, after posting losses of more than 90 million Swedish kronor (€8.9m-$10.4m) in 2019 and SEK 20 million (€1.9m-$2.3m) in 2020. Sales are expected to grow by SEK 50 million (€4.9m-$5.8m) as compared to last year, driven by an increase ...
-
News briefs
Under Armour in talks with a new Russian franchisee
Under Armour confirms a report that it is in negotiations with a new potential franchise partner to develop its Brand House retail format in Russia. The first stores may be opened in Russian shopping centers in the autumn of 2022, according to local sources. The new franchisee would take over ...
-
News briefs
Mirror’s founder and CEO is resigning
CNBC has obtained a copy of a memorandum from Lululemon’s management informing its employees that Brynn Putnam is resigning as CEO of Mirror, the U.S.-based producer of connected wall-mounted screens for workout streaming that Lululemon acquired in June 2020 for $500 million. The memo was signed by Putnam herself and ...
-
News briefsPatagonia supports global climate strike on Sept. 24
This Friday, Sept. 24, youth activists and engaged citizens worldwide will strike to demand climate justice. Patagonia is supporting the protest to put pressure on world leaders and ensure that attention is paid to the people who are already experiencing the worst effects of the climate crisis first-hand. The U.S.-based ...
-
News briefs
New Balance faces new complaint over its made in USA label
A consumer advocacy organization, truthinadvertising.org, has filed a complaint with the U.S. Federal Trade Commission (FTC), asking it to investigate the validity of New Balance’s “made in USA” label, which it uses in at least a dozen models of footwear. According to the complaint, NB claims “a domestic value of ...
-
News briefs
Sugi is licensing Sergio Tacchini footwear for Europe
Sergio Tacchini Europe has signed a long-term licensing deal with Sugi International for the development, production and distribution of a new line of Sergio Tacchini footwear that will “significantly upgrade the quality and breadth” of the line, while expanding its distribution. The deal covers many countries in Europe, including Russia, ...
-
ArticleRip Curl helps Kathmandu’s sales to rise by 15%, but outlook is uncertain
Kathmandu Holdings said in a preliminary annual report that its sales increase by 15.1 percent to 922.8 million New Zealand dollars (€551.4m-$646.6m) in the full year ended July 31, 2021, as its Rip Curl and Oboz brands benefitted from a boom in surfing and higher participation in hiking, respectively. Instead, ...
-
News briefs
Celebrities invest in Hydrow prior to a possible IPO
Following a business model that is becoming more common in the industry, various celebrities participated in a new funding round for Hydrow, the connected rowing equipment brand. Indicating that its sales jumped by 500 percent in the past year, the company also announced the appointment of a chief commerciale officer, ...
-
News briefs
Nike is once again SportsPro’s most marketable brand
Nike has remained atop the heap in the 12th edition of SportsPro’s list of the World’s 50 Most Marketable (50MM) Brands, compiled by the sponsorship analytics firm Hookit. Nike scored 8.77 billion engagements, 58 percent more than in the previous year, leading to a 34 percent increase in sponsorship value ...
-
ArticleBollé Brands hires new executives for e-com, sales, marketing and CSR
The Bollé Brands Group has hired new executives for its marketing, business, e-commerce and corporate social responsibility departments to support a plan to strengthen both its digital and local presence, to raise awareness of all the group’s brands - Bollé, Cébé, Spy+ and Serengeti - and to strengthen its socially ...
-
News briefs
On Running gets involved in tennis
On Running, which counts Roger Federer among its investors, has signed on to become an official footwear sponsor for the Laver Cup, a tennis tournament due to be played out in Boston on Sept. 24-26. The Swiss company has designed a limited-edition, comfortable and stylish Roger Advantage Laver Cup shoe ...
-
Article
New MD, narrowed focus for Rossignol’s Spanish ski plant
The head of Skis Rossignol de España, Enric Casas, is retiring in October at the age of 65, after 35 years with the company. Casas joined Rossignol in 1986 as an engineer and went on to become a technical manager. He was appointed managing director of the Spanish manufacturing subsidiary ...
-
News briefs
Apple adds new features and languages for its sports watches
While presenting many other new products, Apple has announced expanded functionalities for its Fitness+ sports watch. Adding six new languages, it will become available in a total of 21 countries. In addition to a guided meditation feature, it will also come in the autumn with an offer of group workouts ...
-
News briefs
Le Coq Sportif expands French production
Le Coq Sportif has launched the construction of an extension to its French sports clothing factory at Romilly-sur-Seine that will employ 80 persons, joining the 100-odd employees of its existing plant. Measuring 3,000 square meters, it should come on stream at the end of 2022. Yannick Noah and other brand ...
