More about brands – Page 84
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News briefs
Lululemon invests in Genomatica for plant-based nylon
Lululemon has made an unspecified investment in Genomatica to help develop renewably sourced and bio-based material for its own product line. They plan to create plant-based nylon to replace synthetic nylon, using biotechnology and fermentation to convert plant-based ingredients into chemical building blocks, like those used to make nylon, that ...
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News briefs
Globeride performs better than in 2019
Globeride, the Japanese company behind the Daiwa brand of fishing and golf products, saw a more than eightfold increase in its net income to 3,953 million yen (€30.8m-$36.1m) for its first fiscal quarter ended June 30, compared with ¥488 million last year, on a 62 percent jump in revenues to ...
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News briefs
Yonex’ sales nearly double
Yonex turned around to a net profit of 948 million yen (€7.4m-$8.7m) in its first quarter ended June 30 from a loss of ¥1,279 million in the year-ago period as its sales nearly doubled to ¥16,179 million (€126.0m-$147.9m). They almost tripled in Japan and expanded by 61 percent in the ...
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News briefs
Sumitomo’s sports revenues more than double
Sales grew by 225 percent to ¥28.1 billion (€220m-$257m) during the second quarter ended June 30 for the sports division of Sumitomo Rubber, which includes the Dunlop, Srixon and XXIO brands of tennis and golf products. The higher revenues led the division to post a profit of ¥3,050 million (€23.7m-$27.9m) ...
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News briefs
New Balance sues Michael Kors over allegedly similar “N” mark
New Balance has filed a trademark infringement lawsuit against Michael Kors, claiming that two models of its sneakers use an “N” in their design that is “confusingly similar” to the iconic “N” in New Balance footwear. New Balance specifically targeted Michael Kors’ Olympia and Pippin shoe collections. The case was ...
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News briefs
Pale Fire Capital invests US$6 million in Rouvy
Pale Fire Capital, a private equity firm based in Prague, has acquired a major stake in VirtualTraining, the Czech company behind the Rouvy indoor cycling and running software application. The deal is expected to close by the end of September. The new investment is meant to help Rouvy surpass the ...
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News briefs
Nike signs Leroy Sané for new underwear campaign
Leroy Sané, the well-known player of the Bayern Munich football club and the national German football team, is the new face and body of Nike’s new Move to Zero line of underwear and the accompanying autumn 2021 campaign. The Move to Zero collection, which is part of Nike’s sustainability program, ...
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News briefs
Saucony introduces the new Triumph 19 shoe
Saucony has announced the launch of the all-new Triumph 19 running shoe, available in men’s and women’s sizes at saucony.com and selected running specialty retailers globally. The Triumph 19 features the brand’s PWRRUN+ responsive cushioning, an upgrade from the underfoot cushioning in the Triumph franchise, as well as the brand’s ...
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Article
Bogner closes 2020/21 financial year “well above plan”
Bogner suffered considerable losses in terms of sales during the financial year ended on March 31, but it made higher profits. Revenues of €122.5 million for the year fell short of the previous year’s level by almost 25 percent, due to the closure of retail stores because of Covid. On ...
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Article
Allbirds launches CO²-labelled activewear, but faces greenwashing claims
Allbirds, the San Francisco-based brand of sustainable footwear, has just released its first athletic apparel range, consisting of five women’s styles and two for men, made from different woven and knitted fabrics that integrate recycled polyester and nylons, Merino wool, eucalyptus tree fiber and Tencel Lyocell. Consisting of tank tops, ...
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News briefs
RunLab’s new app helps try out the right sports shoes
A specialized Russian sporting goods retailer, RunLab, has launched a new proprietary application that helps customers choose the most suitable sports shoes better than any other similar technology available on the market, according Eugeny Gavrilov, co-owner of RunLab. “Knowledge of the physiology of sports and an understanding of the biomechanics ...
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Article
361 Degrees sees 15.7% H1 sales lift, looks further abroad
361 Degrees International saw first half revenues increase by 15.7 percent to 3,107 million yuan renminbi (€409.3m-$479.3m), and the Chinese sports company’s attributable net profit grew by 32.9 percent to RMB 401.4 million (€52.9m-$61.9m), thanks in part to lower impairment charges and lower interest following the repurchase of its last ...
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News briefs
Nike to change name of its Alberto Salazar building
According to Fashion News, Nike is changing the name of one of the buildings at its headquarters – in Beaverton, Oregon – from Alberto Salazar to Next%, the name of the distance-running line of sneakers that Eliud Kipchoge wore when he delivered a sub-two-hour time in an unofficial marathon. Back ...
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ArticleRevolutionRace races ahead in first financial report post-listing
Fresh from a June listing on Nasdaq Stockholm, RevolutionRace, the Swedish DTC outdoor company, saw sales in the fourth quarter of its fiscal year surge by 152 percent to 273.7 million Swedish kronor (€26.8m-$31.3m), with double or triple-digit growth in all markets. The average order value (AOV) rose to SEK ...
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News briefs
ABG may lose its rating if it delays its IPO
Standard & Poor’s indicated that it may downgrade its ratings for the Authentic Brands Group (ABG) if it delays its planned public offering, which would help it to finance its €2.1 billion acquisition of Reebok, or if the IPO would lead the institutional investors that have been sponsoring its expansion ...
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Article
Sports & Leisure unit leads New Wave's Q2 sales higher
Sweden’s New Wave Group, which owns brands like Craft and Cutter & Back, saw total sales in the second quarter ended June 30 rise by 13 percent as compared to the year earlier to 1,487 million Swedish kronor (€145.7m-$171.1m), led by a 70 percent increase in its Sports & Leisure ...
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Article
Fila benefits from improved licensing royalties and Acushnet’s success
Fila Holdings generated group revenues of 1,019,354 million Korean won (€739.4m-$866.2m) in the second quarter ended June 30, up by 63.1 percent on the year earlier, as the Korean-based company’s results continued to benefit from the contribution of its 51-percent owned Acushnet subsidiary and licensing royalties showed a clearly improving ...
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News briefs
TNF teams up with Spinnova
The North Face (TNF) and Spinnova, the Finnish sustainable materials company, have partnered to develop new high-performance, sustainable textiles for the outdoor apparel category, reducing the impact of the textile industry on the environment. Spinnova fiber is produced with minimal water usage, without harmful chemicals and with minimal CO² emissions. ...
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News briefs
Reebok introduces the Human Rights Now! Collection
Reebok has officially debuted the Human Rights Now! Collection, a long-term product platform that is meant to communicate the brand’s mission to inspire human rights and human movement. This collection features graphics inspired by the 1988 Human Rights Now! World Tour, a 20-stop concert series organized at the time to ...
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News briefs
JanSport sues wholesaler for reselling backpacks as “new”
JanSport Apparel Corp., a subsidiary of VF Corp., is suing Los Angeles-based Bravo Wholesale of Los Angeles for allegedly selling inferior JanSport products on Amazon.com and other online stores. According to JanSport, Bravo obtains JanSport products from unauthorized dealers and markets them as “new” while they are often used or ...
