More corporate news – Page 18
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News briefsThe women sign up for Premier Padel
Premier Padel’s president, Luigi Carraro, appears to be as good as his word. As we reported last week, the league has been promising to bring women into its tournaments over the course of the current season. Indeed, Carraro said, the only reason the women weren’t playing already in the Ooredoo ...
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News briefsSecond expansion of ANWR Ordercenter O1 starts, to be opened next year
The ANWR Group is expanding its Ordercenter O1 in Mainhausen with a second extension building, thus manifesting its claim to expand the campus from a regional order location to a European marketplace. With the commissioning of the new site (planned to open in April 2024), more than 90 manufacturers will ...
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News briefsSpanish e-tail giant to start a brand of its own
Tradeinn has plans to develop a brand of its own. The Spanish e-tailer – which operates a single physical store (in Celrà) and more than a dozen separate websites (divvied up by sport) – was in Barcelona for Eshow, the trade fair for e-commerce and digital marketing. There, according to ...
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C-Suite InterviewSport 2000 International’s CEO is pushing its specialist concept
In part two of our interview, CEO Margit Gosau shares what Sport 2000’s new specialist concept might look like and her predictions for 2023.
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C-Suite InterviewMargit Gosau: “In times of crisis, sport seems to become more important”
In an exclusive interview, Margit Gosau CEO Sport 2000 reveals the group’s most successful categories and why Finland and Sweden are leaving
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ArticlePremier Padel to include women this season
The president of the International Padel Federation (FIP), Luigi Carraro, has told Relevo in an interview that women will be playing in the next tournament organized by Premier Padel – that is, after the Ooredoo Qatar Major, which took place from Feb. 28 to March 6. “If we’d had a ...
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News briefsAdidas to discontinue Runtastic App
Adidas is discontinuing its training app Runtastic, according to German online magazine Business Insider. Adidas acquired the Austrian startup, which launched in 2009, in 2015. Scott Dunlap, CEO at Runtastic & VP mobile at Adidas, who was appointed to succeed co-founder and CEO Florian Gschwandtner at Runtastic in 2019, has ...
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News briefsFrench court will examine options for Go Sport on April 18
The Grenoble Commercial Court has decided to study the continuation plan that Hermione People & Brands (HPB), Go Sport’s owner, the owner of Go Sport, intends to implement, as well as the takeover bids available on April 18. Intersport and Frasers (formerly Sports Direct) are among the potential buyers. French ...
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ArticleABG and G-III sign long-term license for Nautica Women’s in North America
Authentic Brands Group (ABG) signed a strategic, long-term license for its Nautica women’s apparel with G-III Apparel Group, a global expert in design, sourcing, manufacturing, distribution and marketing. Under the partnership, G-III will design, manufacture and distribute Nautica women’s sportswear, jeans, tailored apparel and dresses for the U.S. and Canada. ...
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News briefsANWR Group strengthens liquidity of affiliated retailers
As the now-restored ability to deliver and, at the same time, unusually early deliveries by manufacturers are currently leading to high inventories at many retail companies and thus to a short-term and seasonal strain on liquidity, German ANWR Group is strengthening its affiliated retailers via the Group’s own DZB Bank ...
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News briefsAnta wants shares to also be traded in Chinese currency
Anta Sports Products is applying for approval from the Hong Kong Stock Exchange to allow its shares also to be traded in the Chinese yuan renminbi (RMB) currency besides the Hong Kong dollar under the dual counter model. The group said the change would be beneficial by allowing shareholders and ...
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News briefsTikTok considers separation from Chinese parent
The short video service TikTok wants to pre-empt a possible ban in the U.S. and Europe and is considering a separation from its Chinese parent company ByteDance. As U.S. media have reportedly learned from insiders, corresponding plans are being discussed in the social media portal’s executive suite. The separation is ...
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News briefsHanesBrands completes refinancing of 2024 maturities; closes $900m Term Loan B financing
HanesBrands has completed the refinancing of the last remaining series of its 2024 notes. The company said it successfully closed on an upsized new senior secured Term Loan B facility with an aggregate principal amount of $900 million. The net proceeds from the Term Loan B facility, together with the ...
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News briefsPuma opens high-performance test lab near Frankfurt
Puma has unveiled the Puma Nitrolab, a new high-performance athlete testing facility developed in partnership with Hartmann Orthopedics & Sports. The facility, based at Hartmann’s near Frankfurt, provides athletes with detailed full-body insights through a series of tests and scans, including 4D Motion analysis. The results help develop customized solutions ...
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News briefsGap Inc. reports drop in sales across brands, Athleta CEO steps down
Alongside reporting its fourth quarter and fiscal year (ended Jan. 28, 2023) results, Gap Inc. has announced several changes to its executive leadership teams across its daughters Old Navy, Gap, Banana Republic and Athleta. First and foremost, Mary Beth Laughton, president and CEO of Athleta, left the DTC retailer on ...
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ArticleDecathlon Germany cracks the €1 billion sales mark
The German subsidiary of Decathlon has published record sales growth of 28.4 percent in the last fiscal year, with a total of €1.06 billion in 2022. Total EBIT is 30.1 million, with outdoor, mobility, water sports and fitness being the strongest product categories (around 70 percent of total turnover). In ...
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News briefsPotential Keller Sports investor pulls out – web shop goes offline
The insolvency of Keller Sports is entering the next phase. According to a letter from insolvency administrator Christian Gerloff to Keller customers, Keller Group GmbH was unable to complete a takeover of the company by a third-party investor and has ceased operations as of March 7, 2023. The company – ...
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C-Suite InterviewSteve Evers: “We’re asking the industry to take some additional risks”
Intersport CEO Steve Evers discusses business models, his successes and concerns, and why Intersport is putting pressure on the industry.
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News briefsFIFA is reportedly considering taking over the Stade de France
According to French sports daily L’Equipe, FIFA is considering taking over the Stade de France after the football governing body’s president, Gianni Infantino, discussed the matter with France’s president Emmanuel Macron during a meeting in Paris last month, the report says. FIFA has, however, denied its interest in purchasing the ...
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News briefsYKK with new company logo and more
Japanese accessories specialist YKK has introduced its new corporate logo and brand motto. The company has gone through a restructuring of its business in April 2021, sharpening its focus on the fastening business, which includes zippers, snaps and buttons. According to the company, a website dedicated to the new corporate ...
