New business models & startups – Page 9
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News briefs
Authentic Brands Group nears deal to acquire Champion?
After months of anticipation, it appears that Hanesbrands, Inc.’s Champion brand is on the verge of being acquired by Authentic Brands Group (Authentic). According to a source familiar with the negotiations, reported by Women’s Wear Daily (WWD), Authentic has emerged as the winning bidder in the sale process, with the ...
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News briefs
Peak Ski Company names Alex Ford Director of Operations
Peak Ski Company has announced the promotion of Alex Ford to the position of Director of Operations. Ford, who previously served as Operations Manager, has been a part of the company since its inception in April 2022. Before joining Peak Ski, he held the position of Operations and Production Manager ...
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Article
Lamoda Sport and DeSport gear up development strategies
Over the last few years, new sporting goods chains such as Lamoda Sport and DeSport have emerged in Russia, replacing Western suppliers and constantly opening new doors. Lamoda Sport, an offline subsidiary of a prominent Russian marketplace Lamoda, has recently launched a new store in Rostov, a big city in ...
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News briefs
UEFA opens bidding for women’s soccer gear rights
UEFA has initiated a tender process to secure rights for match balls and apparel exclusively for its women’s competitions throughout the 2025-2030 period. Included in this cycle are five editions of the UEFA Women’s Champions League, the 2029 Women’s European Championship and various age-group tournaments. The tender process will kick ...
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News briefs
Siux expanding abroad fast
Between last year and this first quarter of 2024, the pádel brand Siux has entered 35 countries – 18 of them in Africa and ten in Asia. So explains Alfonso Torrón, Brand Manager, who has spoken with Palco23. The list includes Siux’s first locations in Oceania. The brand entered Japan ...
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News briefs
EGYM acquires Hussle
Fit tech company Egym has acquired Hussle, a prominent corporate wellness platform in the UK, and integrated it into Egym Wellpass, its corporate fitness network. Through this integration, Egym Wellpass now grants employers access to a vast network of over 1,500 gyms, pools and spas across 96 percent of UK ...
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News briefs
Frasers Group appoints David Al-Mudallal to board
Frasers Group reportedly appointed David Al-Mudallal, Chief Operating Officer, to its board of directors. Al-Mudallal confirmed the news on LinkedIn and expressed pride in joining the board as an executive director to further the company’s growth and ambitions. Starting as head of talent for Sports Direct in 2017, Al-Mudallal later ...
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Article
Competition on marketplaces is becoming increasingly difficult: Russian retailers
Some Russian sporting goods suppliers are considering moving away from working with marketplaces, citing fierce competition, rising fees and risk of losing identity. Alpindustria, a prominent brand of outdoor goods, faces a dilemma regarding whether to sell its goods through marketplaces, Vitaly Kalaida, Deputy Head of the Alpindustria commercial department, ...
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News briefs
Germany’s kit controversy: Adidas halts jersey customization
Once again, Germany is embroiled in a debate over its national football team’s kit. This time it’s about the back numbers.
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News briefs
Adanola names Niran Chana as CEO
Adanola has appointed Niran Chana as its new Chief Executive Officer to spearhead the brand’s global expansion efforts. Chana, previously the Chief Commercial Officer at Gymshark, assumes his new role effective June 20. His tenure at Gymshark saw significant achievements, including driving global sales growth and overseeing key functions such ...
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News briefs
Rayox foresees a Spanish pickleball boom
Two years ago, three Spaniards – Samuel Rodríguez, Daniel Rodríguez and Jordi Francés – founded a racquet factory in the US – in Waterbury, Connecticut, to be exact. They called it Rayox Sport. “Samuel told us from the US that pickleball was sweeping the market, and we decided to take ...
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News briefs
JD Sports announces expansion into South Africa
JD Sports Fashion has partnered with Foschini Retail Group, a subsidiary of The Foschini Group Limited (TFG), to launch the JD brand in South Africa. Over 40 JD stores are set to open across the country in the next five years, with the first expected by the end of 2024. ...
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News briefs
Puma set to launch creative hub in Los Angeles
In a move to strengthen its presence in the US, Puma is gearing up to unveil the Puma Studio in the heart of Hollywood, Los Angeles, in early 2025. The space will serve as a creative hub, bringing together Puma’s design and marketing teams with influential communities and celebrities to ...
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News briefs
Sizekick and Stronger join forces for AI-driven size recommendations
Stronger wants to utilize Sizekick’s AI-driven size recommendations to offer tailored sizes to their customers, while also helping the environment.
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News briefs
Authentic appoints SVP, Head of Australia and New Zealand
Source: Authentic Lim Mi-Kyoung Authentic Brands Group (Authentic) announced the appointment of Lim Mi-Kyoung as SVP, Head of Australia and New Zealand. In her new role, Mi-Kyoung will oversee Authentic’s regional expansion, focusing on brand development and driving long-term growth. As Authentic’s first employee based in Australia, ...
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News briefs
AliExpress first exclusive e-commerce partner of UEFA Euro 2024
AliExpress, the business-to-consumer online marketplace launched in 2010 by Alibaba International Digital Commerce Group, has become the first e-commerce platform as an exclusive official global sponsor of UEFA Euro 2024 in Germany. The marketplace said it invests millions of Euros in discounts, deals, and engagement during the championships. It will ...
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News briefs
Mainland Headwear hopes new factory will turn fortunes around
Annual operating profit at the China-based group Mainland Headwear declined by 28 percent to HK$190.2 million (€22.5m) from HK$264.1 million for the 12 months ended Dec. 31. Ebit fell by 29 percent to HK$177.2 million (€21.0m) as profit attributable to shareholders tumbled by 40 percent to HK$117.9 million (€14.0m). Meanwhile, ...
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Article
Majority of Foot Locker’s annual non-US sales generated by five countries
According to Foot Locker’s annual 10-K report filed on March 28, the retailer’s annual international sales in FY24 ended Dec. 31 were essentially flat at $2,759 million versus $2,778 million, with the majority generated in either Canada, France, Italy, Australia or Germany. The 15 other countries where the retailer operates ...
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Article
Busy summer of sports, soft comps should bolster JD Sports
Shares of JD Sports Fashion rose by 15.7 percent on the London Stock Exchange yesterday, closing at £134.50 (€156.85), after the parent of Go Outdoors, Millets and other retail banners predicted improved trading conditions in the months ahead, sparked by the Euro Cup and Paris Games this summer, softer year-over-year ...
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News briefs
Perfect Moment reports Q3 results
London-based luxury lifestyle brand Perfect Moment, which completed a NYSE IPO on Feb. 8, reported a 69 percent drop in operating income to $728,000 from $2.32 million for the period ended Dec. 31. Year-over-year net income fell by 63 percent to $1.2 million from $3.27 million. Total revenues declined by ...