More corporate news – Page 24
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News briefsNew Balance will begin production in Argentina in 2023
New Balance has announced that it will begin to produce shoes in the Puerto Tirol industrial park in the province of Chaco, Argentina, from February 2023. New Balance’s manufacturing partner will be Chaco-based Punto Medio. The project is expected to create 250 new jobs.
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News briefs
Logistics services companies ReBound Returns and Cycleon merge
The U.K.-based companies ReBound Returns and Cycleon announced their company merger. They had previously operated as separate entities under the Reconomy Group, after both being acquired in recent years. In the future, the service companies will operate under the name ReBound, a Reconomy Group company. The newly formed logistics services ...
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ArticleAdidas completes second share buyback program in 2022
Adidas has completed its second share buyback program this year. On March 1, 2022, the company announced the launch of another share buyback program in mid-March to return cash proceeds from the Reebok divestment to its shareholders. In the period between March 14 and Oct. 10, 2022, the company repurchased ...
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News briefsDecathlon Gemany expanding its Schwetzingen logistics site
Decathlon Germany is expanding its logistics site in Schwetzingen by 12,500 sqm. The new “Hall 0” will house a new mechanization concept intended to accelerate logistics processes and shipping volumes and is set to open in mid-2023. Schwetzingen is one of four Decathlon campus locations in Germany and is responsible ...
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News briefsSports Direct could move to new headquarters
Frasers Group, the parent company of Sports Direct, is “exploring options” for a new Sports Direct site, the BBC website has reported. The move would be part of a long-term plan for a massive development on the edge of Coventry, West Midlands, that Frasers has recently outlined, allowing the group ...
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News briefsBleckmann opens new distribution center in the Netherlands
Dutch logistics company and supply chain management expert Bleckmann is opening a new fulfillment center in Venlo to increase its capacity in Europe’s logistics hotspot. A lease agreement for around 30,000 sqm has been signed with Prologis. Operations for the first customers have already started, and further implementations are to ...
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News briefsRossignol Group chooses Wintersteiger to provide race ski service machines
Rossignol Group, home to winter sports brands Rossignol and Dynastar, has invested in Wintersteiger’s Jupiter ski service machines for their three production centers in France and Spain. Introduced in 2021, the precision machines will ensure premium processing for the group’s racing ranges and guarantee a perfect, consistent finish and ski ...
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News briefsAdidas teams up with Calm on World Mental Health Day
Adidas has announced a new partnership with Calm, a global mental health platform, on World Mental Health Day (Oct. 10). The idea behind the collaboration is to help progress sports performance by supporting mental well-being. Through Adidas’ membership program, adiClub, consumers can access Calm Premium. The partnership is starting as ...
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News briefsAdidas reviewing its contract with Kanye West
Adidas has placed its partnership with Kanye West “under review,” as our colleagues at the American edition of SGI report. The sportswear company has in the past spoken in the same terms of deals subsequently ended with Ashworth, TaylorMade and Reebok. This is a response to West’s badmouthing last month ...
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News briefsi-Run raises €100 million from group of investors
i-Run, a French online and offline retailer specializing in running apparel and shoes, has reached an agreement with a group of long-term investors led by Geneo Capital Entrepreneur in a deal worth a total of around €100 million. This equity investment is meant to allow i-Run to enter a new ...
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ArticlePeloton’s ride to breakeven cash flow results in more layoffs
In an effort to continue to drive the business forward and achieve cash flow breakeven by the end of the current FY23, Peloton is laying off more employees. On Oct. 6, the connected fitness company announced another round of job cuts, the fourth in 2022. The latest action – the ...
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News briefsUnions seek to raise pay and benefits at El Corte Inglés
The collective-bargaining agreement drafted by Spain’s Federation of Department Store Unions (FASGA) for El Corte Inglés and other big retailers proposes a raise of 6 percent for employees earning about €18,500 a year for 2023, with a second 6 percent raise to follow in 2024. FASGA had proposed raises of ...
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News briefsBarooders raises €2.2m in new funding round
Barooders, a French marketplace for second-hand sporting goods, has announced its latest round of funding, which amounts to €2.2 million. Investors include tennis player Stan Wawrinka and Kima Ventures. Barooders was founded by Edwige Michau and Geoffroy D’Autichamp in October 2021.
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News briefsUEFA might include the U.S. in future Supercup
The Union of European Football Associations (UEFA), according to Palco23 and other sources, is toying with the idea of establishing a new, more international Supercup in 2024 – one that would pit the top team of U.S. Major League Soccer against the top teams of the Champions League, Liga Europa ...
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ArticleMicrosoft survey sees managers mistrusting hybrid working models
The vast majority of managers have difficulty trusting the productivity of their employees in hybrid work models.
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News briefsAnta to build international operations center in Suzhou
Sports group Anta, headquartered in China’s Fujian province, is planning to build an international operations center in the city of Suzhou, the trade publication Sportstextiles has reported. The new 160,000-square-meter center will be built within the China–Singapore Suzhou Industrial Park, also known as Suzhou Industrial Park. The total investment will ...
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News briefsSpoon Group raises £740,000
Spoon Group, the bespoke bike company that owns the WyndyMilla and Spoons Customs brands as well as custom paint shop Gun Control Paint, has closed a financing round worth £740,000 (€845,575). A private round that brought in nearly £300,000 in new investment was followed by funding from long-term debt partner ...
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News briefs
Kanye West’s company files new trademarks for apparel, accessories and services
Kanye West’s company Mascotte Holdings has just filed new trademarks for Donda Sports merchandise, TMZ has revealed in an exclusive report. According to the report, Mascotte has filed new trademarks for such apparel as T-shirts, jackets and hats, as well as shoes and a range of accessories, including fanny packs, ...
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News briefs
Lululemon founder announces C$100 million private donation for the environment
Chip Wilson, the founder of Lululemon Athletica, and his wife, Summer, have revealed a donating of 100 million Canadian dollars (€75.2 million) donation to BC Parks Foundation through Wilson 5, their private foundation. The money will support the preservation and development of wilderness in British Columbia’s natural regions, focusing on ...
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News briefsDanish start-up Kollektiv raises €1.5 million in pre-seed funding
Kollektiv, a training app co-founded by Danish Olympic triathlete Helle Frederiksen and her husband Ben Powell-Frederiksen, has raised €1.5 million in pre-seed funding. The round was co-led by Copenhagen-based Ugly Duckling Ventures and VF Ventures, with participation from former BBC media executive Kerstin Mogull. Founded in 2020, Kollektiv is building ...
