More about brands – Page 79
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News briefs
Callaway shareholder expands its public offering
PEP TG Investments, one of Callaway Golf’s largest shareholders with its stake of more than 15 percent, will finally sell 4,000,000 of its shares in the company, one million more than previously planned, through a public offering. It is pricing it at $29.25 per share, below Callaway’s closing price prior ...
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News briefs
Peloton scores a victory in patent suit
A federal court in Texas has dismissed claims of patent infringement made by Mad Dogg Athletics against Peloton Interactive. Mad Dogg argued that Peloton’s business model was infringing on two patents it held for its own exercise bikes. The court rejected the claims, argueing that the two patents were abstract ...
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News briefs
Obituary: Steve Ettridge, vice president of global merchandising at New Balance
New Balance has announced the death of Steve Ettridge, after a long and courageous battle with cancer. He was 56 year old, and he had been promoted to the position of vice president of global merchandising in February this year. Ettridge spent 27 years at the Boston-based athletic footwear company, ...
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News briefs
Zara launches the Zara Athleticz men’s label
Zara has been selling some sports clothing in the past. This time, the international fast-fashion retailer owned by the Inditex group has decided to launch a full-fledged line of activewear for men under the Zara Athleticz (sic) label, starting on Sept. 30 on its web store and at selected physical ...
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News briefs
Superdry sees slow recovery
In an update for the four months of its current financial year through Aug. 18, Superdry said that its revenues were up by just 1.9 percent from the year-ago period, and they were still 29.6 percent below the level of the comparable 2019 period. Sales through the company’s own stores ...
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News briefs
Adidas sneaker ties in with the newest Bond film
Adidas will be introducing four Ultraboost sneakers for its 007 collection for the debut of the new James Bond movie, No Time to Die, which will have its global premiere in the U.K. on Sept. 30. To promote them, the German sportswear giant is organizing an augmented reality contest featuring ...
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News briefs
Big Callaway shareholder reduces its stake through a public offering
Callaway Golf Co. has announced the start of a public offering of 3,000,000 shares in the company by one of its biggest investors, PEP TG Investments, which will reduce its stake to about 13.7 percent from 15.5 percent if an overallotment of 450,000 shares is exercised. The offering boosted Callaway’s ...
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News briefs
Canada Goose launches an automatic share repurchase scheme
Canada Goose has entered an “automatic share repurchase plan,” allowing for the purchase of shares by a broker at times when it would not be permitted to acquire them, based on certain parameters. The Toronto Stock Exchange has cleared this scheme, allowing it to start on Sept. 16 in connection ...
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News briefs
Slinger books a loss on 349% higher sales
Slinger Bag, which has been renamed as just Slinger following its diversification into tennis management and the planned release of AI-driven training technology, has reported a net loss of $3,435,312 for the first quarter ended July 31, up sharply from a loss of $1,374,026 in the year-ago period. Sales jumped ...
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News briefs
Columbia readies launch of Omni Heat Infinity campaign
“There is no such thing as bad weather. There is just bad clothing,” says Haskell Beckham, senior director of innovation at Columbia Sportswear, in a short video for industry professionals to explain the superior warmth retention and breathability properties of its latest technology, Omni Heat Infinity. It has already been ...
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ArticleOn has become one of the most valuable athletic footwear brands
After only 11 years in existence, On Running has joined other big players in the sporting goods market with its ONON ticker symbol in terms of stock market capitalization. Its parent company, On Holding, started trading on the New York Stock Exchange yesterday at $35 a share, 46 percent above ...
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AnalysisMarket Analysis: The athletic footwear market
This is an exclusive, yearly statistic only available for subscribers of SGI Europe. It includes revenue and market share development of the major global athletic footwear brands including breakdown by region.
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News briefsAdidas and Stella McCartney featured at the Met Gala
Adidas joined Stella McCartney for this year’s Met Gala for the Metropolitan Museum of Art, which took place in New York City on Sept. 13. The two brands, which have been working together for many years, supplied some spectacular pieces of apparel for the model Ella Emhoff, the former UCLA ...
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News briefs
Puma has switched to shoeboxes of recycled cardboard
Puma claims that a new shoebox that it has introduced will save an annual 2,800 tons in cardboard. The box, which has a recycled cardboard content of about 95 percent, is one of several initiatives taken by the German sports brand as part of its “10FOR25 Sustainability Strategy.” Others include ...
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ArticleCrocs wants to triple sales in five years
Crocs said it is targeting an operating margin of at least 26 percent on annual sales of $5 billion by 2026, with 50 percent of the turnover or more due to be generated through digital channels. This would compare with an adjusted operating margin of 18.9 percent in 2020 on ...
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ArticleStrong start for On Running on the NYSE
Source: On Running On runs to NYSE. Investors apparently rushed to buy the new Class A shares offered by On Holding and some of its shareholders as they reportedly started trading on the New York Stock Exchange today at around $35 per share, well above a price ...
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News briefs
Tonal to release Tonal Live
Tonal is launching Tonal Live, a fitness app with live and on-demand workouts as well as a “social zone” for exchange and goal-sharing between members. Tonal’s founder and CEO, Aly Orady, describes the company’s offer as having “adaptive weights, individualized pacing and form feedback that are customized to our members ...
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Article
Extended Covid Restrictions in Vietnam are hitting companies hard
Nike and other companies are expected to suffer considerable damage from a decision by Vietnamese authorities to extend their strict Covid-19 restrictions in the Ho Chi Minh City region until the end of the month. They were originally scheduled to be lifted on Sept. 15, but the measures taken so ...
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News briefs
Xtep sells bonds to Hillhouse to help internationalize K-Swiss and Palladium
Xtep International has completed a $129.4 million convertible bond offering intended to expand the presence of its K-Swiss and Palladium brands internationally. The debt offering consisted of two tranches, a U.S.-dollar-denominated tranche of $65 million with a zero coupon and a tranche worth 500 millionn Hong Kong dollars ($65.4 million) ...
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News briefs
On Holding raises IPO price to $20-22
The parent company of On Running has informed the U.S. Securities & Exchange Commission that it has decided to raise the price of its initial public offering from a range of $18 to $20 to a range of $20 to $22. The company has also indicated that the full overallotment ...
