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  • WTA
    News briefs

    Women’s tennis and Saudi investment fund announce multi-year deal

    2024-05-22T16:14:00Z

    The Women’s Tennis Association (WTA) and Public Investment Fund (PIF) have unveiled a multi-year partnership that is meant to grow women’s professional tennis and inspire more women and girls around the world to take up the sport. As part of the agreement, PIF will become the first-ever naming partner of ...

  • Superdry_Logo_2020.svgz
    News briefs

    Superdry prepares for emergency sale amid restructuring plan uncertainty

    2024-05-22T07:20:00Z

    Superdry, the British fashion retailer, is facing a pivotal moment as it braces for the potential rejection of a restructuring plan proposed by CEO Julian Dunkerton. If creditors do not approve the plan, Superdry is set to launch a four-week emergency sale process, which could lead to a pre-pack administration ...

  • PUMA_Logo_Standard-No1
    Article

    Puma sees improving trends ahead, maintains FY24 outlook

    2024-05-11T14:30:00Z

    Puma, now that its most “challenging” quarter of the year is over, is forecasting sequentially improving trends for the remainder of 2024. Stronger sales growth is projected in H2 as the commercialization of developing product trends and impact of the company’s accelerated brand elevation strategy take hold. “We are ...

  • Peloton_Logo
    Article

    Peloton reports another loss, restructuring as CEO departs

    2024-05-02T14:10:00Z

    Heading into the seasonally slowest and most challenging quarter of its fiscal year, Peloton Interactive’s two-year transformation continues down a bumpy path. The connected fitness company has initiated another restructuring effort resulting in annualized savings of more than $200 million and more job cuts – its third round in 26 ...

  • Garmin
    Article

    Garmin gains on positive results from all segments

    2024-05-02T05:52:00Z

    Garmin, in its seasonally lowest quarter of the FY, reported a 51 percent increase in Q1 operating income to $298.4 million from $197.0 million for the period ended March 30. Net income was up 36 percent year-over-year to nearly $276 million, and gross margin improved by 120 basis points to ...

  • Superdry_Logo_2020.svgz
    Article

    Superdry unveils restructuring plans amid financial struggles

    2024-04-17T13:36:00Z

    Superdry has revealed its restructuring proposals alongside plans for an equity raise and delisting from the stock exchange. The proposed restructuring primarily focuses on revamping its UK property estate and retail cost base to achieve a more financially sustainable operating model. CEO Julian Dunkerton emphasized the importance of these measures, ...

  • Decathlon-logo-
    Article

    Decathlon’s global revenue surges by 4.4% to €15.6 billion

    2024-04-10T14:41:00Z

    In 2023, Decathlon experienced significant developments across various fronts, reflecting its resilience amidst global challenges. CEO Barbara Martin Coppola acknowledged the company’s progress, emphasizing their focus on future sustainability: “We made strides in CO2 reduction while ensuring continued revenue growth.” Financially, Decathlon achieved a 4.4 percent increase in revenue, totaling ...

  • JP Morgan Chase
    News briefs

    JP Morgan forms new sports-focused investment division

    2024-03-24T22:24:00Z

    Global financial firm JP Morgan Chase has set up a new “sports investment banking coverage group” to advise clients in an increasingly lucrative industry, according to an internal memo seen by Reuters. The new team will be co-led by Eric Menell, Managing Director, co-Head of North American Media Investment Banking ...

  • XXL
    News briefs

    XXL completes €43 million share issue amid growth expectations

    2024-03-22T15:35:00Z

    Norwegian sports retailer XXL has completed a targeted new share issue of 500 million Norwegian kronor (€43 million), according to a press release. The subscription price was set at 0.70 Norwegian kronor (€0.06), which aligns with the latest closing price. Among the buyers are venture capital firms Altor, Ferd, and ...

  • UEFA
    News briefs

    UEFA reports record revenues for top-tier clubs

    2024-02-16T15:28:00Z

    According to UEFA’s latest report, top-tier clubs participating in UEFA competitions have achieved unprecedented revenue levels in the 2021/22 fiscal year. The European Club Finance and Investment Landscape report disclosed that these clubs collectively generated approximately €23.9 billion in revenue during this period, marking a historic high. The staggering figure ...

  • BasicNet-33410-logo
    News briefs

    BasicNet's 2023 revenues rise to €398.6M despite brand revenue dip

    2024-02-15T12:49:00Z

    BasicNet generated consolidated revenues of €398.6 million in 2023, up by 2.7 percent from the year earlier, as aggregate group brands revenues slipped by 10.4 percent to €1.14 billion, preliminary results show. The Italian company, which is the parent of such brands as Kappa, Robe di Kappa, K-Way, Superga and ...

  • Salter-logo
    News briefs

    Salter achieves 20% sales growth, equaling its record in 2020

    2024-02-15T12:44:00Z

    Spanish gym equipment maker Salter saw revenues reach €14 million in 2023, a 20 percent increase from the previous year and the same as in 2020, at the peak of the pandemic crisis, CMDsport has reported. The growth was primarily attributed to the recovery of the B2B sector, which accounted ...

  • Footway
    News briefs

    Footway secures €7m to bolster financial position

    2024-02-14T13:11:00Z

    Footway has secured SEK 80 million (€7 million) in financing to strengthen its financial position and ensure the successful completion of its reconstruction. The financing includes a directed new share issue of 50 million SEK (€4.4m) in B-shares and a strategic collaboration with Juni, to boost its accounts payable ...

  • Futbol-emotion
    News briefs

    Fútbol Emotion posts 64 percent revenue increase

    2024-02-12T12:15:00Z

    Spanish retailer Fútbol Emotion saw its revenues jump by 64 percent in 2023 to €82 million, Palco23 has reported. The company has almost tripled its sales in just two years, after posting a turnover of around €30 million in 2021. Half of the company’s turnover is generated through e-commerce, while ...

  • perfect-moment-stockists
    News briefs

    Perfect Moment announces pricing for IPO

    2024-02-09T06:25:00Z

    London-based luxury lifestyle brand Perfect Moment Ltd. has announced the pricing of its initial public offering of 1,334,000 ordinary shares at a price of $6.00 per share. This represents gross proceeds of approximately $8 million before deducting underwriting discounts and offering expenses. In addition, Perfect Moment, a provider of technical ...

  • png-transparent-car-dunlop-tyres-goodyear-tire-and-rubber-company-sport-car-logo-text-sport-logo
    News briefs

    Dunlop moving into pickleball, looking forward to 2025 for pádel

    2024-02-06T12:38:00Z

    Dunlop expects to introduce its first pickleball products in the second half of 2024, according to its CEO for Iberia, Richard Jackson, who has spoken with CMDsport. Although he declined to go into detail, Jackson did say that Dunlop’s “flagship product in tennis, pádel and squash is the ball, and ...

  • Football - Jannik Skorna - Unsplash
    Article

    Real Madrid becomes football club with highest revenue, says Deloitte report

    2024-02-05T08:33:00Z

    Deloitte’s Sports Business Group has released the 27th edition of its Deloitte Football Money League. The report reveals the 20 highest-revenue-generating football clubs globally for the 2022/23 season. Real Madrid generated record revenues of €831 million, representing an increase of €118 million compared with the previous year, and knocked Manchester ...

  • Amer_Sports_Logo.svgz
    News briefs

    Amer Sports raises $1.365 billion in NYSE IPO

    2024-02-02T17:12:00Z

    Amer Sports, the parent company of Arc’teryx, Salomon, Wilson and other brands, raised $1.365 billion in its IPO on the NYSE through the sale of 105 million shares, 24 percent below the $1.8 billion the company had originally planned to raise. Nonetheless, yesterday’s IPO valued Anta Sports at $6.5 billion, ...

  • Macron New Logo
    Article

    Macron posts 15% sales increase

    2024-02-02T14:05:00Z

    Italian teamwear brand Macron has announced a 15 percent sales increase to €196 million in 2023. Growth was homogeneous across the various markets in which the company operates, with excellent performance in its three main markets, including the UK, Italy, and Spain. International sales account for 80 percent of Macron’s ...

  • Canada Goose_logo
    Article

    China's luxury demand boosts Canada Goose in Q3

    2024-02-02T07:05:00Z

    Increased demand for luxury goods in China contributed to a reported 62 percent increase in Asia-Pacific sales at Canada Goose to C$270.7 million (€186.3m) for the third quarter ended Dec. 31. All other geographies posted double-digit declines in sales, including a 26 percent decline in the EMEA to C$86.8 million ...