More about brands – Page 86
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ArticleSlinger Bag raises new funding to become a major connected sports firm
Slinger Bag, the recently founded supplier of portable tennis ball launchers, reports an oversubscribed round of financing through a private placement of $11 million, giving it a valuation of around $220 million. The new fudning is intended to support its vision to become “a leading connected sports company” with key ...
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ArticleDiversifying into a “one-stop sport shop,” Fanatics is valued at $18 bn in new funding
Fanatics has raised $325 million in a new round of funding that gave it a valuation of $18 billion. The previous round, which took place in March, brought in $350 million and raised the American company’s valuation to $12.8 billion. Fanatics had enjoyed a 20 percent rise in annual revenues ...
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ArticleVulcabras’ sales growth accelerates in Q2, driven by athletic footwear
Vulcabras, the Brazilian footwear company that owns Olympikus and has licenses with Mizuno and Under Armour, saw sales growth accelerate in the second quarter of 2021, despite continued headwinds tied to the Covid-19 pandemic. Its revenues soared by 304.7 percent on the year earlier to 399.4 million Brazilian reais (€65.6m-$77.0m), ...
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News briefs
Diadora grows strongly in the U.S.
Diadora is projecting growth in the mid-teens for this year. In 2020, the pandemic led the Italian brand to a decline in consolidated revenues to €138 million from €168 million in 2019. Sales are on the rise particularly in the U.S. and the Benelux countries. In the U.S., Diadora expects ...
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ArticleMizuno’s Q1 sales rise 49.6%, nearly doubling in EMEA
Mizuno Corp. reported revenues of ¥42.9 billion (€331.1m-$387.9m) in the first quarter of its financial year, ended June 30, an increase of 49.6 percent on the year earlier as the company’s business recovered after taking a hit due to the Covid-19 pandemic. Golf clubs and running shoes showed strong growth, ...
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Article
Alpargatas’ Q2 sales jump 71%
Alpargatas, the parent company of Havaianas and Osklen, reported revenues from continuing operations of 1,095 million Brazilian reais (€177.8m-$209.2m) in the second quarter, up by 71.4 percent on the year earlier and 46 percent higher than the second quarter of 2019, led by growth in international markets, the continued expansion ...
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ArticleNautilus’ sales jump 62%, but chip shortage looms
Nautilus, which recently moved the end of its fiscal year to March 31, reported sales of $184.6 million in the first quarter ended June 30, up by 61.7 percent on the year earlier, as sales growth was driven by continued demand for connected fitness bikes and treadmills and “robust” sales ...
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News briefs
New company applies Polygiene-owned additive to golf implements
Two golfers in the U.K. have founded a company called Global Golf Safety (GGS) to help prevent the total shutdown of golf courses over Covid-19. Their method is to apply a antimicrobial additive called Biomaster to certain parts of golf implements, or “multi-grip time-delayed touchpoint products.” Courses in the U.K. ...
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News briefs
U.S. start-up launches battery-heated clothing
H.E.A.T. (Heated Electronic Active Technology), a start-up based in Great Falls, Montana, has launched a new line of technologically advanced heated clothing that is said to have the potential to revolutionize the winter apparel industry. The H.E.A.T. One-Layer smart system combines advanced textiles, smartphone technology and customized, ergonomically correct batteries. ...
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ArticleCallaway’s sales are boosted by Topgolf and a strong golf market
Thanks in part to the addition for the first time of Topgolf, whose revenues nearly doubled, the revenues of Callaway Golf surged by 208 percent to $914 million in the second quarter ended June 30 as compared to a year earlier, when Covid-19 restrictions and shutdowns had a significant impact. ...
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ArticleDiving turns around at Johnson Outdoors
Johnson Outdoors reported a rise in third-quarter sales and profits, driven by a continued recovery in fishing, camping and water recreation. At the same time, diving showed signs of a turnaround as Covid-19 travel restrictions were further eased. The diving segment’s revenues almost doubled from a year ago, rising ...
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News briefs
Former Adidas executive petitions U.S. Supreme Court
James Gatto, the former U.S. marketing executive of Adidas accused of making payments to collegiate athletes and their families to win them over for sponsorships, has petitioned the U.S. Supreme Court to reverse his 2018 conviction for wire fraud. Earlier this year, an Appeals Court had upheld the guilty verdict ...
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ArticleAmer names Fogliato as Salomon’s president and CEO
Amer Sports has found a new and experienced executive with an excellent background in the sporting goods industry, Franco Fogliato, to head up Salomon as president and CEO. He will take on the responsibily by March 15, 2022, at the latest. Columbia Sportswear announced a few days ago that Fogliato ...
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News briefs
Macron announces new technical sponsorship deals in football and hockey
Macron is the new technical sponsor of Melbourne Victory Football Club (FC), in the Australian A-League, and of ERC Ingolstadt, which plays in Germany’s professional ice hockey league. Macron will be the technical sponsor of Melbourne Victory FC for the next five seasons. The club boasts four Australian Championship titles. ...
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News briefs
Peak complains about Brazilian football team not wearing the brand’s uniforms on Olympic podium
After beating Spain in the Olympic final, the players of the Brazilian men’s football team went to the podium in Tokyo with their Peak official sweater tied around their waist. The players appeared in their Nike-produced shirts instead of wearing the sweater made by Peak. This was in violation of ...
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News briefs
Erke rises in popularity in China after major donation to Henan flood relief
Erke, a Chinese brand based in Xiamen owned by China Hongxiang, rose in popularity and was even praised by the central government after donating 50 million yuan renminbi (€6.6m-$7.7m) to help the Henan province, devasted by the floods in the second half of July. Erke sells apparel primarily aimed at ...
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News briefs
Former Nike executive goes to jail for fraud
Errol Andam, a former Nike executive involved in retail brand marketing, was sentenced to serve 31 months in prison and to pay back $1,669,207.45 to its former employer. He had pleaded guilty to committing fraud, diverting proceeds from Nike pop-up stores for his own use and partnering with a friend ...
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Article
Champion grows by 120%
Hanesbrands has reported a drop in net income to $128.7 million for the second quarter ended July 3 from $161.2 million in the year-ago period, largely due to charges of $43.8 million related to the divestiture of its European Innerwear business. On an adjusted basis, income from continuing operation rose ...
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Article
Acushnet’s Q2 sales soar by 108%
Acushnet Holdings reported sales of $624.9 million in the second year, up by a reported 108.3 percent on the year earlier and 99.9 percent higher in constant-currency terms, as the company racked up another “terrific” quarter and outpaced its guidance of a 70 to 80 percent rise in its top ...
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News briefs
Rens aims to raise $1 million to fund a sneaker made from coffee waste
Rens Original, the Finnish start-up that claims to have developed the world’s first sneakers made from coffee waste, is looking to raise $1 million to fund the manufacture of its new Nomad shoe, presented as “the world’s first crowdfunded climate neutral sneaker.” Rens Original made its debut in the summer ...
