More corporate news – Page 9
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News briefsNew industrial park for garments and yarn to open in Kyrgyzstan
A large industrial and logistics park is currently being constructed in the Kara-Suu district of the Osh region, in the Central Asian country of Kyrgyzstan. The park will feature three production sites for knitwear garments, knitted fabric and yarn, Fibre2Fashion has reported. The first to open will be an export-oriented ...
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News briefsNautilus Inc. relaunches BowFlex
Washington-based fitness company Nautilus, Inc. has unveiled a refresh of its iconic BowFlex brand of fitness training equipment, introducing a new identity, visual design, updated logo, philosophy and messaging to revitalize the brand. The redesigned brand will appear across all BowFlex marketing channels, including BowFlex.com. New products with additional designs ...
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News briefsNixon celebrates 25 years
California-based, action sports-savvy watch brand Nixon is celebrating its 25th anniversary with a short film and a limited edition of the iconic The Player in its original form. To honor this milestone, Nixon has invited filmmaker Patrick O’Dell to capture the story and characters of the brand’s first 25 years. ...
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ArticleSport 2000 Austria: Zentrasport initiates restructuring process
The association of the Austrian sports retailer community, Zentrasport Österreich e. Gen., is reporting that due to full warehouses as well as the payment default of one major retailer, the liquidity of the cooperative has been significantly strained and restructuring measures had to be initiated. Only Zentrasport Österreich itself is ...
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News briefsCastore is Britain’s second fastest-growing company, according to the Sunday Times
Castore, the sportswear brand backed by tennis star Andy Murray, has been named the second fastest-growing private company in Britain, according to The Sunday Times Hundred 2023 rankings. Recruitment firm Join Talent tops the list. Castore experienced annual sales growth over three years of 285.8 percent, according to the figures ...
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ArticleTwitter to become nothing, anything, everything
It appears that we were on to something a few months ago. Twitter has taken another step towards becoming X – “the everything app.” But what does this mean, and why the change in a brand as iconic as Twitter? We take a look.
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News briefsPentland Brands looking to establish a youth board
Pentland Brands is joining mission-led start-up The People to form a new youth advisory board at the heart of its employee experience. The group, whose brands include Speedo, Ellesse, and Berghaus, is seeking six young people under 30 in its key markets – the UK, USA, India, Vietnam and China ...
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News briefsSmart wearables and navigation app announce partnership
Smart wearables brand Amazfit, owned by Zepp Health, is now offering routing and navigation connectivity with the popular outdoor activities app Komoot. Amazfit’s proprietary operating system, the Zepp OS, already enables supporting smartwatches to connect to external apps such as Adidas Running, Strava, Relive, Apple Health or Google Fit. ...
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ArticleFootway Group has applied for voluntary company reorganization
Swedish Footway Group, operator of specialized online stores, has applied for voluntary company reorganization. According to the company, the decision is based on “the very challenging conditions that the sports retail industry in Sweden and Norway has faced in recent months,” and an acute liquidity situation. During the reconstruction period, ...
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News briefsDecathlon may want to make private labels more concise
According to French industry magazine Challenges, Decathlon is planning to consolidate its numerous private brands. According to the publication, CEO Barbara Martin-Coppola plans to reduce the number of brands from around 70 to 12, while the Decathlon brand will be expanded through a range of multi-sport products. A similar step ...
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News briefsWintersteiger with new company structure
Wintersteiger, the Austrian supplier of ski rental and ski service systems, has revised its corporate structure and presents itself as a strategic holding with five independent companies since July 1, 2023. “With regard to the industrialization of our products, we have a lot planned for the next few years,” the ...
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ArticleVölkl exits pádel market
Völkl is getting out of the pádel market and refocusing on tennis, as the German brand’s sales director for racquet sports in Spain, Héctor García, told CMDsport. The reversal, he observes, is enabling Völkl to evade some of pádel’s present-day turmoil. “This is not the time to enter” that market. ...
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ArticleEurope’s one pickleball firm sets out to conquer America
Back in 2020, amid the lockdowns, Xiana López discovered through a market study that Europe had yet to produce a pure player in the pickleball business, despite the buzz floating over the pond from the U.S. There were pádel and tennis brands selling pickleball racquets, but none that would develop ...
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ArticleRussian sporting goods retailers Lestate and Sportmaster launch private label lines
Russian sporting goods company Lestate has submitted an application to the state patent agency Rospatent to register its own brand Rank. At the same time, the Russian largest sporting goods retailer rolled out plans to register the third line of sporting goods under the Athlex brand. Goods under the Rank ...
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News briefsLe Coq Sportif reportedly seeks €30 million in equity financing
In March 2020, Le Coq Sportif secured an agreement to supply apparel for the French Olympic and Paralympic teams for the Paris 2024 Games. The brand was awarded the kit deal as a result of an apparel supplier tender that was issued in September 2019. Three years later, and just ...
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ArticleAll Good Things closes Series A financing, plans to expand UK store network
All Good Things, a UK-based independent retailer founded in 2019 selling exclusively used, torn or repaired clothing, announced that it has received a £2.5 million (€2.93m) equity investment. The funding was provided by Souter Investments in conjunction with a broad range of experienced former retail employees, including Ben Barnett (former ...
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News briefsSrixon Sports Europe opens new headquarters in Surrey
The European subsidiary of the Srixon Srixon Sports Europe has moved into new headquarters in Ash Vale in Surrey, England. The new facility, located about 15km from the company’s former office in Alton and 60km southwest of London, features more than 2,200 square meters of office space as well as ...
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News briefsWolverine Worldwide amends credit facility
The deal, a fourth amendment to its existing credit agreement, will give the Merrell and Saucony parent more near-term financial and operational flexibility for the remainder of its fiscal year as it continues implementing its turnaround plan. Wolverine’s maximum consolidated ratio under the new amendment moves to 4.875x Ebitda from ...
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ArticleXponential signs Club Pilates master franchisee in France
Xponential Fitness, a California-based international franchisor of boutique fitness brands, has signed a master franchisee agreement in France for its Club Pilates brand, marking its 19th international country outside of North America. The agreement, signed with TCMP Fitness and partners Susan and Chris Fichaud, gives the master franchisee the ability ...
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News briefsLPGA sponsors reap up to 400% return on their investment, suggests new report
Brands that sponsor the Ladies Professional Golf Association (LPGA) are gaining up to a 400 percent return on their investment, according to a report from global sports and entertainment intelligence platform SponsorUnited. The report was compiled using SponsorUnited’s proprietary platform, based on data from 1,200 brands, 75 athletes and nearly ...
