All News briefs articles – Page 258
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News briefsArc’teryx launches first winter edition of its academies in Europe
Arc’teryx is already well known in Europe for its yearly summer Alpine Academy event in Chamonix. It is now launching for the first time a series of winter events in Europe, called Arc’teryx Academy, From Feb. 18 to 20, the “Arc’teryx Academy: freeride” premiere will be held in St. Anton, ...
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News briefsOberalp Group acquires manufacturer of raw material for ski touring skins
The Oberalp Group has announced the acquisition of Velotex from Pongs Velours. Velotex specializes in the production of mohair velvet, which is an essential product for ski touring skins, and other products for skiing. The closing of the transaction is scheduled for Jan. 1, 2022. The takeover allows Oberalp to ...
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News briefsBlue Tomato offers board rentals in Austria, Germany and Netherlands
Instead of just offering its board sports hardware, Blue Tomato has implemented a new equipment rental system both online and in brick-and-mortar stores in Austria, Germany and the Netherlands called “Rent Your Ride.” To date, 14 stores are associated, offering on-site education, rental, and board maintenance services. The boards ...
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News briefs
Sports Direct’s parent may go private
Frasers Group, parent company of Sports Direct and many other operations, has failed to address so far recent rumors that Mike Ashley, its biggest shareholder, may want to take the company private. He already owns about 68 percent of the shares, and an ongoing share buyback program may soon take ...
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News briefs
Hanesbrands signs licensing deal with Wake Forest
Hanesbrands – along with its Champion and Hanes brands and its alternative apparel propositions – has signed a licensing deal with Wake Forest University, addressing its fans. However, Nike retains the exclusive contract with the U.S. university, based in Winston-Salem, for team, coach and staff uniforms and will continue ...
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News briefsMIPS moves up to Nasdaq Stockholm’s Large Cap segment
Following Nasdaq’s annual review of the market capitalization of listed companies, Mips AB, which is well known for its innovative helmet technology BPS (stands for “Brain Protection System”), is moving up from the Mid Cap to the Large Cap segment of Nasdaq Stockholm. The move will be effective on Jan ...
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News briefs
Aqua-Leisure buys Airhead to trigger synergies and to expand
The Airhead Sports Group, a company based in Denver, Colorado that has dealers in nearly 80 different countries, has become the property of Aqua-Leisure Recreation, another U.S. watersports equipment company based in Avon, Massachusetts. The goal is to implement synergies in R&D, sourcing and distribution. Airhead sells a variety of ...
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News briefs
Skechers extends and expands its credit facility
After booking record results for the third quarter, Skechers has expanded its senior unsecured credit facility from $500 million to $750 million, extending its maturity date from November 2024 to December 2025. It will retain a $250 million accordion feature that allows the company up to $1 billion worth of ...
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News briefs
KKR invests in PureGym to support its expansion
There is evidently a new sense of optimism in the gym business, in spite of recent lockdowns. KKR has agreed to become a minority investor in PureGym, a U.K.-based group that operates more than 500 gyms in the U.K. and other European countries, while providing it with an investment of ...
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News briefs
Nitro and Burton sign licensing deal for boots
Nitro Snowboards has entered a licensing partnership with Burton Snowboards for boots compatible with the latter’s Step On binding platform. Nitro’s co-founder and president, Thomas Delago, says that the company has signed on to the partnership to prevent “confusion” and “unwanted stock” in the market. Settling on one platform will ...
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News briefs
Adidas launches a new €4 billion share buyback program
Adidas has announced the launch of yet another share buyback program that will involve investments of €4 billion until 2025, starting in January 2022. It has already bought back €1 billion worth of shares this year. Adding annual dividend payouts in a range of 30 to 50 percent of net ...
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News briefs
Nike reviews its advertising agencies
Nike is conducting a six-month review of its media agencies, covering an annual advertising budget of about $1 billion, according to a report in AdAge citing sources close to the matter. In addition to Wieden+Kennedy, the long-time primary media agency that created “Just Do It” and many other iconic campaigns ...
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News briefs
Mitre supports British campaign for the homeless
Backing a call for football clubs all over the U.K. to ditch their home shirts for their Boxing Day matches between Dec. 26 and 28, Mitre launched a specially designed Mitre x Shelter football on Dec. 10 on its website, mitre.com, pricing it at £12. The Pentland-owned brand has pledged ...
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News briefs
Slinger posts higher losses while sales double in Q2
Sales jumped by 106 percent to $5.4 million in the second quarter ended Oct. 31 for Slinger, the company that started to deliver its innovative, portable Slinger Bag tennis ball launcher at the end of 2019. However, the company’s operating loss expanded to $35.1 million from a loss of $0.2 ...
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News briefs
Big variations in SSU’s market capitalization
Signa Sports United, the German-based parent of Tennis-Point and an array of online bicycle webstores, saw its share price close at €9.93 on Dec. 15, its first day of trading on the New York Stock Exchange. The stock price rose to €10.25 in after-hours trading. A total of 137,481 shares ...
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News briefsNew business plan for Polygiene
The board of directors and the management of Polygiene, the Swedish ingredient brand supplier, have set new financial targets for the 5-year period from 2022 to 2026. According to the new business plan, Polygiene should achieve net sales of more than SEK 1 billion (€98.6 million) and an Ebit ...
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News briefs
New Reebok licensee for India
The Authentic Brands Group (ABG) has picked a new licensee for Reebok in India and other ASEAN nations: Bangladesh, Bhutan, the Maldives, Nepal and Sri Lanka. The Indian company, Aditya Birla Fashion & Retail Ltd. (ABFRL) is already ABG’s local licensee for Forever 21 and Van Heusen. It also works ...
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News briefs
New 2020 retail figures for Spain
We have obtained new figures for the sales of some of the leading Spanish sports retailers in 2020 from a Spanish market research agency, Sport Panel, leading us revise one of the charts that we published on Friday. The revised chart shows, among other things, that the Spanish turnover of ...
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News briefsISPO Beijing 2021 is being postponed to an undefined date
The ISPO Group announced that ISPO Beijing, which was scheduled to take place from Dec. 28 to 30, 2021, at Beijing’s China National Convention Center, has had to be postponed at short notice in light of the still complex and serious pandemic situation at the national level and to implement ...
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News briefsSafilo’s Smith brand introduces custom, 3D-printed goggles
Safilo Group, the Italian eyewear company, has begun 3D-printing products through its American brand of sports glasses, Smith, with what it calls Imprint 3D Technology. One result is the Smith I/O MAG Imprint 3D goggle, which it claims to be the “first custom goggle built to the individual features of ...
