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Fashion for Good announces 12 new members of its 2023 Innovation Program
Fashion for Good has welcomed twelve new start-ups to its global platform. The selected innovators will participate in the nine-month 2023 Innovation Program, with bespoke support based on the development stage and ambitions of each participant, to validate their technologies, match with relevant industry partners and drive implementation and investing ...
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Volleyball emerges as the digital champion for 2022
The International Volleyball Federation (FIVB) has emerged as the leader among sports authorities in the 7th edition of the #SportOnSocial League Table, a social media performance benchmarking tool established every year by research, digital and creative agency Redtorch. FIVB ranked second last year when the top spot was occupied by ...
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The key topics at Supply Chain Forum Amsterdam 2023
The Supply Chain Forum, part of the PI Apparel conference series, will return to Amsterdam on May 30-31. The key topics at the event, held at the Postillion Convention Centre Amsterdam, will include: The greening of the fashion supply chain, with special attention to the EU Green Deal; the impact ...
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Sweaty Betty’s CEO and COO to step down
Sweaty Betty’s chief executive Julia Straus and chief operating officer Mark Smith are both set to leave the company. The pair will step down from the business in the summer of 2023. Replacements have not yet been announced. An official statement from Sweaty Betty, first quoted in Drapers, confirmed: ”After ...
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Sabrina Ionescu and Nike team up for signature basketball collection
Source: Nike Sabrina Ionescu’s Unicorn sock with Dri-FIT ADV Nike has unveiled Sabrina Ionescu as its newest signature athlete, continuing to follow through on its self-imposed commitment to develop the next generation of basketball players and advance the game both on and off the court. Ionescu is ...
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Adidas 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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French 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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Asics recognized by CDP for its sustainability efforts
For the fourth consecutive year, Asics Corp. has been awarded a position on the Supplier Engagement Leaderboard by CDP. Headquartered in Brussels, CDP is a not-for-profit charity that runs the global disclosure system for investors, companies, cities, states and regions to manage their environmental impacts. Asics has been recognized for ...
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SSU eyes return to profitability in FY24
The sports e-commerce company Signa Sports United (SSU) is undergoing a strategic realignment assessment to generate long-term shareholder value that it intends to reveal at the end of Q2 but is projecting an ongoing challenging environment through the remainder of the FY due to inflationary pressures impacting both consumer sentiment ...
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Wolverine Worldwide names new chairman, directors
Tom Long, the lead independent director for Wolverine Worldwide and former CEO of MillerCoors, LLC, will become chairman of Wolverine on May 4 following the retirement of Blake Krueger, chairman and retired CEO. Meanwhile, earlier this week, the parent of the Merrell and Saucony brands, among others, named three ...
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HanesBrands appoints president for Champion Europe
Source: Business Wire Lorenzo Moretti, new President of Champion Europe HanesBrands announced that Lorenzo Moretti has been appointed president of Champion Europe, effective July 2023. Moretti will lead Champion Europe’s direct-to-consumer business and build on the company’s strong position in wholesale channels. The focus is on growing ...
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ANWR 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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Adidas partners with Rheon for new high-tech workout apparel
Source: Adidas Adidas Techfit Control with Rheon super polymer For Spring/Summer 23, Adidas is launching the new Adidas Techfit Control apparel line in collaboration with Rheon Labs, the company behind Rheon, an energy-absorbing “super polymer.” The latest high-tech collection combines Adidas’ material constructions with the intelligent polymer ...
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TrusTrace with first hire in the U.S.
Source: TrusTrace Apurva Bhargava, new Head of U.S. Operations TrusTrace, a Swedish SaaS company that provides a product traceability and compliance platform for retail and fashion companies, has announced its first hire in the U.S. with the appointment of Apurva Bhargava as head of U.S. operations. Bhargava’s ...
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Adidas launches soccer shoes with Parley to help reduce plastic waste
Source: Adidas Mapi León In collaboration with Parley for the Oceans, Adidas has released a soccer shoe pack with three Adidas x Parley footwear franchises: Predator Accuracy, X Speedportal and Copa Pure. The three models are the first to be made partly from Parley Ocean Plastic, re-imagined ...
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Anta 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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YKK is a leader in supplier engagement, increases environmental efforts
Japanese YKK Corporation has been selected as a “supplier engagement leader,” the highest score on the 2022 Supplier Engagement Report (SER) from CDP for the first time. CDP is an international environmental non-profit focused on measuring and reporting companies’ environmental impact (it also published a global supply chain report and ...
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Cheers to Jake: The Burton Mine77 x Underberg collab
We had to read twice to make sure it wasn’t April’s Fools Day yet, but Burton Snowboards unveiled a story on March 16 that most of us probably didn’t know about the late Jack Burton: “It could be argued that Jake enjoyed an Underberg on more mountains ...
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Infantino re-elected as FIFA president
Gianni Infantino has been elected FIFA president for the third time overall and will thus remain in office for another four years. The vote was held by acclamation at the BK Arena in Kigali, the Rwandan capital, meaning delegates showed their approval by applauding. Infantino was the only candidate. The ...
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Beachbody’s connected fitness sales tumble
U.S.-based subscription health and wellness company Beachbody’s connected fitness sales fell 87 percent in Q4 to just $4.75 million, down from $36.80 million a year ago. For the full year, revenue fell 11 percent from $42.74 million to $38.19 million. The cost of sales still far exceeds revenue, with $10.54 ...