All News briefs articles – Page 226
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News briefsRocky Brands completes cost savings review
Rocky Brands will close the Boston office it obtained with the acquisition of Honeywell International’s lifestyle footwear business that includes the Xtratuf and Muck brands, and cut its non-manufacturing headcount by approximately 13 percent. The actions are expected to result in $3.0-$4.0 million in annualized savings for the company that ...
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News briefsGatorade with groundbreaking change in marketing strategy
“For us, the future of sport means continuing to invest in young and diverse athlete communities, cutting edge leagues, and embracing all athletic journeys,” writes Jeff Kearny, responsible for sports marketing and brand management at Gatorade, on his LinkedIn profile. This, in fact, means that Gatorade will not renew its ...
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News briefs
JD Sports, Elite and Rangers fixed prices of replica shirts, says U.K. CMA
JD Sports, Elite Sports and Glasgow’s Rangers Football Club have been found guilty of fixing prices on replica clothing products at the expense of fans, the U.K. competition watchdog said in a provisional finding. The Competition and Markets Authority (CMA), which has been investigating since December 2020, said Elite and ...
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News briefsNew global director for apparel at Amann Group
Source: Amann Group Jochen Lagemann, Global Director Business Unit Apparel & Specialities Amann Group, a German manufacturer of high-quality sewing threads, embroidery threads and smart yarns, announced that Jochen Lagemann joined the company as global director of its business unit Apparel & Specialities on May 30, 2022. ...
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News briefsRYU appoints CFO
Vancouver-based sportswear brand RYU Apparel Inc. has hired Robert Lelovic as its new chief financial officer. Lelovic brings two decades of experience building publicly traded companies in various industries, from technology companies in Silicon Valley to the energy sector in Canada’s oil fields and Toronto’s financial district. During his time ...
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News briefs
StockX defends itself against Nike
While online resale platform StockX continues to claim that Nike has a fundamental misunderstanding of NFT, as it originally argued, the company defended its anti-counterfeiting measures in response to Nike’s amended complaint. In a June 6 filing, StockX said the platform has one of the strongest authentication processes in the ...
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News briefs
Peloton appoints CFO
Peloton Interactive has appointed Liz Coddington as chief financial officer, effective June 13. She succeeds Jill Woodworth, who took the position on a transitional basis as a consultant and resigned earlier this year. Coddington has more than 20 years of finance experience, most recently as VP of finance at Amazon ...
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News briefs
X-Technology takes over Swiss distribution of X-Socks
Wollerau-based X-Technology Swiss Research & Development AG, which company founder Bodo Lambertz had sold to Swiss investors in November 2021, will take over distribution of the X-Socks brand in Switzerland from Lowa Schuhe AG as of January 1, 2023. This step consolidates and strengthens the distribution of the X-Bionic and ...
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News briefs
Meta’s COO steps down
Sheryl Sandberg, who joined in 2008, is stepping down as COO of Facebook’s new incarnation, Meta. CEO Mark Zuckerberg writes in his “Note” of June 1 that rather than “replace Sheryl’s role in our existing structure,” he will be bringing the hitherto separate product and business groups closer together. Sandberg’s ...
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News briefs
Playtomic enters the e-tail space
Playtomic, which has made its name as a platform for racquet club management and court rentals, has inaugurated under its own brand a line of racquet-sports apparel and accessories and opened an e-commerce website to sell it. So far the site is operative only in Spain, but there are plans ...
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News briefs
Four new categories of pádel tournament in Spain
The World Padel Tour (WPT) and the Spanish Pádel Federation have established a new category of pádel. Designed to serve as a bridge between amateur to professional pádel, WPT Next will run four kinds of tournaments, called Next Diamond, Next Emerald, Next Ruby and Next Sapphire, each divided into men’s ...
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News briefs
UEFA and CONMEBOL announce new intercontinental events
UEFA and CONMEBOL (Confederación Sudamericana de Fútbol), the governing body of South American football, have announced a series of new events involving women’s football, futsal and youth teams. The youth team of Club Atlético Peñarol from Uruguay, i.e. the winners of the 2022 CONMEBOL U-20 Copa Libertadores, will face S.L. ...
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News briefsCanadian Tire Corp launches first own activewear brand
Canadian Tire Corporation (CTC) has launched its first own activewear label, called Forward With Design (FWD), which was designed, developed and engineered in-house. CTC is a Canadian group of companies that includes a retail segment, a financial services division and a real estate investment trust. In the sports business, the ...
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News briefsSamurai strengthens European business, partners with logistics specialist Bleckmann
British sportswear brand Samurai has chosen Dutch logistics company Bleckmann as its partner for freight forwarding and cross-docking in Europe. Since an investment by Primosole Holdings in May 2021, Samurai has been on a journey to transform its business model from focusing exclusively on premium teamwear in the rugby and ...
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News briefs
DuPont Biomaterials sold, reincorporated as Covation Biomaterials
Following the completion of the purchase from DuPont for approximately $240 million, the Chinese Huafon Group has reincorporated former DuPont Biomaterials as a stand-alone company under the name Covation Biomaterials headquartered in the U.S. state of Delaware. Covation aims to create sustainable building blocks for customers to make innovative bio-based ...
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News briefsSpeedo launches swimwear collection made from recycled materials
Speedo has launched Eco, a swimwear collection that contains up to 82 percent recycled materials. The collection expands Speedo’s eco-friendly offering with the introduction of two new fabrics made from recycled yarn, Eco Endurance Plus and Eco Endurabrite. Eco Endurabrite is made from 82 percent recycled plastic bottles and marine ...
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News briefs
S&P revises outlook for Wolverine Worldwide
S&P Global has revised its outlook on Wolverine Worldwide to negative but maintains its BB rating on the issuer credit rating. Wolverine ended the first quarter with a debt-to-equity ratio of 5.2x due to last year’s acquisition of Sweaty Betty, a $30 million settlement related to PFAS contamination at a ...
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News briefsNew CFO for Pou Sheng
The board of directors of Pou Sheng International (Holdings) Limited announced that Liao Yuang-Whang has resigned as the company’s chief financial officer, effective June 1, as he has relocated to the headquarters of Pou Chen Corporation, a majority shareholder of Yue Yuen Industrial (Holdings) Limited. Liao will continue to serve ...
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News briefsFusalp gets new funding to support international development
High-end skiwear brand Fusalp has announced a new capital increase from the Mirabaud Patrimoine Vivant and Mirabaud Lifestyle Impact & Innovation private equity funds, thereby acquiring a minority stake in the company. The financial terms of the deal were not unveiled. The new funding is meant to help Fusalp develop ...
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News briefsNew Neinver outlet village in France in construction
Neinver, a company specializing in the investment, development and management of real estate and the leading operator of outlet centers in Spain and Poland, announced the resumption of construction of its outlet village “Alpes The Style Outlets” near Geneva. When completed, this will be the 17th outlet center of the ...
