All News briefs articles – Page 257
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News briefs
Stats firm projects 6.3% CAGR for the global swimwear market
Researchandmarkets.com is projecting compound annual growth of 6.3 percent for the swimwear market over the next 15 years, from 2021 to 2026. The market research agency’s new report, published this month, ascribes the growth in part to a reaction to the measures put in place to combat the pandemic, such ...
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News briefs
Catalonia seeks to extend Spain’s cultural subsidy to sport
The Union of Sports Federations of Catalonia (UFEC) has renewed its request to the Spanish government for a subsidy to be given to consumers to boost sports participation. The initial request was among the measures proposed in the UFEC’s “Marshall Plan” for the sports industry, submitted in April 2020 with ...
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News briefs
Escalade buys Brunswick Billiards from Life Fitness
Escalade has agreed to take over Brunswick’s billiards business from Life Fitness. Brunswick has been selling billard tables and related products since 1845. Escalade is already involved since 1977 in the sector and the broader indoor recreation market. Aside from Stiga tennis tables and Accudart and Uncorn darting products, it ...
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News briefs
New CFO and new COO for Clarus
Clarus Corp. has appointed a new chief financial officer, Michael J. Yates, taking over one of the functions of Aaron J. Kuehne, who has been promoted to the new position of executive vice president and chief operating officer of the parent company Black Diamond and an increasing number of other ...
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News briefs
Draft law would overhaul Spain’s policy on sports
Spain’s Council of Ministers has approved a bill to overhaul national policy on sports through the revision and expansion of a law that dates to 1990. According to its proponent, the Spanish Minister of Culture and Sport Miquel Iceta, the new law would represent an advance in values and take ...
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News briefs
Puma incentivizes suppliers for sustainability via liability insurance
Puma has set up new incentives for suppliers to abide by its Sustainability Handbooks and Code of Conduct. The German sportswear company, which has been auditing the social and environmental footprint of its manufacturing partners for many years, claims to have been the first to offer them better financing terms ...
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News briefs
New Balance goes direct in three more Eastern European countries
New Balance has further extended its control over the distribution of its products in Europe. It has taken it over from Aspire Sports for the markets of the Czech Republic, Slovakia and Hungary, with effect from Jan. 1. Its business in those three countries will be run by its Polish ...
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News briefs
Sports Direct’s parent is reportedly bidding for Footasylum
Frasers Group has filed an offer to buy Footasylum, according to The Sunday Times. It has notified the Competition and Markets Authority (CMA), which again ruled in November that JD Sports Fashion must divest the 65-store chain on anti-trust grounds. JD acquired Footasylum in May 2019. Frasers’ bid is questionable, ...
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News briefs
Anta’s family shareholders transfer shares to a foundation
The Ding family, which controls the Anta Sports group, had transferred 84.5 million shares in the company, representing about 3.16 percent of the equity, to a new charity, the Hemin Foundation. Based on the group’s recent stock price, the endowment is worth around $1.2 billion. The foundation intends to “collaborate ...
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News briefs
Change of the guard in Xinjiang
U.S. President Joe Biden signed into law the Uyghur Forced Labor Prevention Act on Dec. 23. The bill, which had been previously approved by both Houses of the U.S. Congress, in spite of reported offstage objections by multinationals such as Apple, Coca-Cola and Nike, bans imports of cotton and other ...
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News briefsCalida’s Millet Mountain Group returns to the founding family
In an announcement made on Dec. 24, the Swiss-based Calida Group said it received a binding offer from Jean-Pierre Millet, together with Inspiring Sport Capital, for their takeover of the French-based Millet Mountain Group, which includes the Millet and Lafuma Outdoor brands. Jean-Pierre Millet is a grandson of one of ...
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News briefs
Skechers shrinks its board of directors
Skechers has reduced the size of its board of directors to seven members, following the resignation of four current members and the addition of a new one, Zulema Garcia, who will serve on the company’s audit committee. Garcia spent 24 years at KPMG before joining Herbalife Nutrition as senior vice ...
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News briefsPrada partners with the new Aspenx brand for skiwear
Prada has partnered with Aspenx on a six-piece capsule collection of high-end skiwear for men and women. Aspenx describes itself as a contemporary retail and experience brand. It has just been launched by the Aspen Skiing Company, which owns and operates the Aspen Snowmass mountain resort facilities and The Little ...
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News briefs
Joma launches its own padel racquet
The growing popularity of padel tennis, where Spain remains the leader, has led Joma Sport to add padel racquets to the product ranges of its various brands. Joma presented its new racquet at a special international event during the finals of the World Padel Tour Master, for which the brand ...
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News briefs
Spanish mountain sports retailers' association Green to launch website
CMDsport reports that Green, an association of 13 independent mountain sports retailers in Spain, is set to launch next year a website, called The Green, to promote the association’s name to suppliers and consumers alike. According to Carles Raimundo, owner of Foracorda, a store in Palma de Mallorca that belongs ...
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News briefs
UA releases its first NFTs
Like Nike and Adidas before it, Under Armour is embracing non-fungible tokens (NFTs). The American sportswear company has released 2,974 of them, each a digital replica of the Genesis Curry Flow shoe that Steph Curry was wearing on Dec. 14, when he broke the NBA’s record for total three-point shots. ...
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News briefs
Afydad joins ModaEspaña
The Spanish Association of Sporting Goods Manufacturers and Distributors, Afydad, has joined the Spanish Fashion Confederation, Confederación ModaEspaña. Founded in 2013, ModaEspaña includes in its ranks other Spanish trade associations such as Fedecon, AEGP, Asefma, Acme, Acotex, SFA, Regalo Fama, AEDM, Asirtex, APBE, AMSE and Asepri. The move reflects the ...
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News briefs
Alibaba pledges to reduce emissions
Alibaba Group has pledged to make its in-house operations carbon-neutral (Scope 1 and Scope 21 emissions) and to cut its carbon-intensity emissions (Scope 32) by 2030. It has also pledged to cut 1.5 gigatons in carbon emissions from its “business ecosystem” (Scope 3+) by 2035. To accomplish this, the Chinese-based ...
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News briefs
Skechers takes charge of its distribution in the Philippines
Skechers has taken charge of its distribution in the Philippines through a subsidiary, Skechers USA Philippines. The current distributor, Trendworks International, will continue to sell Skechers products until the end of this year. According to David Weinberg, chief operating officer of Skechers USA, a “dedicated team focused on growth and ...
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News briefs
Stadium Outlet continues to expand
Stadium will open a large 1,900-square-meter Stadium Outlet store on the ground floor of the Femman shopping center in Gotherburg in September 2022. The low-cost chain of the Stadium group currently has 62 locations in Sweden, Norway and Finland.
