All News briefs articles – Page 268
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News briefs
Signa Sports United collects more funds before going public
The Wall Street Journal reports that Saudi Arabia’s Public Investment Fund is about to make a major investment in Signa Sports United, the big operator of online stores based in Berlin, which indicated four months ago its intention to go public. It would join other investors including Abu Dhabi’s sovereign ...
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News briefsOrtovox avalanche transceiver with voice navigation now available for consumers
The new Diract Voice avalanche transceiver from Ortovox, which was awarded “Product of the Year” in the Snowsports category at ISPO Munich 2021 Online and voted Best Product of the Year by the ISPO Open Innovation Community, is now available in stores. So are its slimmed-down sister model, Diract, and ...
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News briefsFoot Locker to launch new proprietary apparel line
Foot Locker is launching a new clothing line called LCKR by Foot Locker that ”merges sneaker and sports culture with the heritage of Foot Locker to bring a new iteration of casual wear to the market.” The launch is supported by U.S. rapper and activist Gunna, the first promotional protagonist ...
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News briefsPrimaLoft starts first consumer-facing campaign, making the unseen visible
PrimaLoft has launched its first consumer-facing image campaign for its insulation solutions under the headline “Seek the Unseen”. The advertising spot wants to inspire users to recognize the surprising emotional moments in life that often pass unnoticed – just like the components of a garment that have an impact on ...
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News briefs
Chinese power crunch adds to viral and shipping problems
Alarming new reports are coming in about serious shortages of components and finished products made in China, which may prevent brands, distributors and retailers in all the sectors to respond to a surge in post-pandemic demand ahead of the critical Christmas selling season. One major cause is a big shortage ...
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News briefs
LeBron James’ SpringHill sells minority stake to Nike and others
SpringHill Company – the video-production firm founded and led by the basketball player LeBron James and the sports marketer Maveric Carter (chairman and CEO respectively) - has sold a minority of its shares to Nike, RedBird Capital Partners, Fenway Sports Group and Epic Games. The deal suggests a valuation of ...
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News briefs
Venum seeks artistic recognition for MMA
Venum, a producer of combat-sports apparel and gear founded in France 15 years ago, has launched a campaign, under the hashtag #Weareartists, to get mixed martial arts (MMA) recognized as a fine art, on the same footing as sculpture, painting or music. “Our favorite MMA fighters display much more than ...
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News briefsFree matchmaking program with the Korea Outdoor & Sports Industry Association
The Korea Outdoor & Sports Industry Association (KOIA), one of the most active and advanced national industry associations in the world, is organizing a series of online matchmaking events with European brands, distributors and retailers in view of the new EU–Korean free-trade agreement. Taking place at different time slots in ...
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News briefs
New share buyback program will lead Adidas to return €1.6 bn to its shareholders this year
Adidas announced the successful completion of the new share buyback program launched in July and the launch of an additional program. Between July 1 and Sept. 30, the company bought back 1,851,522 shares for a total investment of €550 million. Starting on Oct. 18, Adidas plans to buy back additional ...
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News briefs
Poshmark boosts its sneaker authentication process by buying Suede One
Poshmark, a California-based marketplace for second-hand fashion products, has acquired a virtual sneaker authentication platform called Suede One. The price of the takeover was not disclosed. Founded in 2020, the latter is said to achieve 99 percent accuracy in recognizing popular models such as those of Jordan and Yeezy by ...
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News briefs
Canada Goose opens pop-up in Manchester
Canada Goose has opened a pop-up location on New Cathedral Street in the English city of Manchester. The pop-up is hosting an installation for the senses called “Live in the Open,” with a storytelling platform, to urge “the community to connect with the world around outside;” an exhibition of photographs, ...
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News briefs
Vuori gets financing to move outside the U.S.
To help finance its international expansion, SoftBank has made an investment of $400 million in Vuori, a six-year-old activewear brand from Southern California, giving it a valuation of nearly $4 billion. The premium sports apparel brand plans to move outside the U.S. next year by launching omnichannel operations in key ...
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News briefs
Polartec adds fabric library to Browzwear for digital 3D design solution
Polartec has started a new partnership with Browzwear, a provider of 3D digital solutions for the apparel industry headquartered in Singapore, with seven offices around the world. Browzwear software users will now be able to design and create new styles with Polartec’s range of performance fabrics. An internet-based library of ...
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News briefs
Cantet leaves Private Sport Shop to run Moustache Bikes
On Jan. 1, 2022, Olivier Cantet, a 56-year-old executive with over 20 years of management experience in the outdoor and sporting goods industry who describes himself as a “leading French e-bike specialist,” will join Moustache Bikes, a ten-year-old French supplier of e-bikes, as CEO. He will leave Private Sport Shop, ...
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News briefs
VF and WaterAid partner to vaccinate Cambodians
In an effort to protect workers’ health and keep the supply chain steady, VF is supporting the distribution of Covid-19 vaccines in Cambodia. VF’s Worker and Community Development program, partnering with the nonprofit WaterAid to support the rollout of the Cambodian government’s Covid-19 response plan. More than 20,000 factory workers ...
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News briefs
Gymshark is reportedly weighing an IPO
Ben Francis, the 29-year-old British entrepreneur who co-founded Gymshark in 2012, and his private equity supporters have started discussions with investment banks and potential institutional investors about a possible public offering, according to Sky News. The talks are said to be in a preliminary stage. There is no certainty that ...
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News briefs
Vietnam woes penalize Yue Yuen and other producers
Yue Yuen’s revenues were down by 24 percent to $541.5 million year-on-year in September, with decreases of 22 percent in manufacturing and 25 percent at retail. Total revenues were still up by 6 percent to $6.44 billion for the first nine months of this year. The company relies on Vietnam ...
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News briefs
NURVV Run gets help to develop its smart insole
NURVV Run, the six-year-old, London-based developer of running wearables, has received an award for funding and intensive mentoring for its next phase of research on smart insoles from the creative R&D program of Business of Fashion, Textiles and Technology (BFTT). As a result, it will have access this year and ...
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News briefs
Adidas loses appeal about H&M’s two stripes
Ending a trademark dispute that began in 1997, the Dutch Supreme Court has dismissed an appeal by Adidas against a lower court’s ruling that a two-stripe logo used by Hennes & Mauritz did not infringe on its iconic Three Stripes. A key factor in H&M’s success was a market research ...
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News briefs
Nike, Asics have the fastest carbon-plated shoes, study says
Did Eliud Kipchoge get a boost from his sneakers on his sub-two-hour marathon? It appears so, and Nike and Asics might have the fastest distance-running shoes on the market. Researchers at Stephen F. Austin State University in Nacogdoches, Texas, have compared the “running economy” – best conversion of energy to ...
