All News briefs articles – Page 297
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News briefs
Iconix is going private under Lancer Capital's ownership
The Iconix Brand Group, whose brand portfolio includes Danskin, Starter and Umbro, among others, has entered into a definitive agreement to be bought by a private equity company, Lancer Capital, though its affiliate Iconix Acquisition Corp., in an all-cash transaction that values Iconix at about $585 million including net debt. ...
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News briefs
Adidas invests €3 million in Spinnova
Adidas has agreed to subscribe for €3 million worth of shares in Spinnova’s planned initial public offering (IPO). Spinnova, a Finnish manufacturer of textile fibers derived from wood or agricultural waste, is planning to list on the Nasdaq Helsinki First North Growth Market. The company is building its first factory ...
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News briefs
Amazon files suit with HanesBrands against counterfeiters
Amazon and HanesBrands have jointly filed 13 lawsuits in the U.S. District Court for the Western District of Washington. They allege that 17 defendants sold through Amazon’s marketplace silicone protective earbud case covers under the Champion name, a trademark registered by HanesBrands. Amazon has closed the defendants’ accounts. Amazon says ...
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News briefs
Amazon under scrutiny in multiple EU countries
The National Data Protection Commission (CNPD) in Luxembourg, where the company has its European headquarters, has proposed fining Amazon $425 million for violations of the EU’s General Data Protection Regulation (GDPR). In short, Amazon is alleged to have improperly collected and used data on its customers. If it meets with ...
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News briefs
Diadora re-launches apparel collection celebrating Roberto Baggio
Diadora has announced the re-release on June 10 of a capsule collection dedicated to a major former Italian football player, Roberto Baggio. The brand first launched the apparel collection at the end of May on the occasion of the release of “Il Divin Codino” (The Divine Ponytail), a Netflix biopic ...
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News briefs
Eliasch wants to deliver on many new ideas at FIS
In a statement following his election as the new president of the International Ski Federation (FIS), Johan Eliasch said he wants to help its executive team to “deliver on many of the good new ideas which surfaced during the election campaign.” He added: “I am fully committed to bringing a ...
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News briefs
Decathlon France and Ibis Budget launch the Smart Sport Tour
Train Me, Decathlon’s coaching platform and the Ibis chain of low-cost hotels are launching the “Smart Sport Tour.” Starting on June 12, 52 Ibis Budget hotels in France will be proposing fitness sessions for free. These sessions will include easy exercises accessible to everyone. Decathlon fitness accessories will also be ...
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News briefs
Li Ning is no longer the kit partner of India’s Olympic body
The Indian Olympic Association (IOA) has dropped Li Ning, the Chinese sportswear maker, as its official uniform partner, citing public sentiment in the country. Indian athletes will wear unbranded apparel at the upcoming Tokyo Olympic Games instead, the IOA said. The next edition of the Summer Olympics, postponed from 2020 ...
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News briefs
Goldwin sets new financial and sustainability goals
Goldwin has laid out a plan to reach an annual turnover of 125 billion yen (€940m-$1.15bn) by the financial year ending in March 2026, up from 100 billion this year, while transitioning to 100 percent recycled and biosynthetic materials. The Japanese company, which markets 18 different brands in its home ...
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News briefs
Kenyans are the most frequent runners
A survey of 8,414 current runners conducted between March and April by Nielsen Sports for World Athletics in ten different countries shows the highest level of participation in Kenya, with 47 percent of them running at least once a month and 12 percent less often. In terms of frequency, Kenya ...
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News briefs
Prevayl secures £7.5 million investment
Prevayl, a start-up specializing in “intelligent” and connected sportswear based in Manchester, has secured a £7.5 million (€8.7m-$10.6m) pre-revenue investment that is supposed to help the company “take wearable health technology to new heights.” The investment has been made by Stonebridge, the private equity fund headed by James Cox. Prevayl ...
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News briefs
Adidas introduces a sustainable summer shoe for summer golfing
Adidas Golf has announced the launch of the Solarthon, an ultra-lightweight shoe designed to keep feet feeling fresh all day long, especially during the hot seasons of the year. The Solarthon is indeed inspired by the summer solstice, the brand explained, when golfers are motivated to maximize the time they ...
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News briefs
Nike and Barça renegotiating, with Puma in the wings
The important technical partnership between Nike and the FC Barcelona football club has been in place since 1998, when Nike replaced Barça’s previous partnership with Kappa. The agreement with Nike is supposed to last until 2028. However, both Nike and Barcelona are reportedly inclined to renegotiate the terms of the ...
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News briefs
Peloton plans to enter one or two markets each year
While confirming its entry into the Australian market, which is expected to coincide with the start of its 2021/22 financial year on July 1, Peloton Interactive said it plans to move into one or two additional foreign markets each year. Addressing financial analysts at the Bank of America’s Securities Global ...
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News briefs
Spain's Festibike cancelled for a second year
In 2021, for the second year in a row, there will be no Festibike. The annual Spanish consumer-oriented cycling-industry festival – organized by a Portuguese events company called Lastlap – was scheduled for Sept. 10-12 in Las Rozas. Also canceled are the accompanying MTB Marathon and FBK Cyclocross, which were ...
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News briefs
10k apparel and footwear fakes seized in Spain
Authorities and the police in Badalona, a Spanish municipality near Barcelona, have detained ten Chinese nationals for trafficking in counterfeit goods at the shops they operate. Of the 10,000-odd items seized, with a total value exceeding €400,000, some 8,836 were apparel and footwear items offered under such faked brands as ...
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News briefsLycra launches new circularity advertising campaign
Source: The Lycra Company Sustainability Campaign print ad The Lycra Company is launching a new print and online advertising campaign, “Keep in the loop with Lycra,” aimed at driving the conversation about the circular economy in textiles. The campaign is an invitation to customers and industry professionals ...
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News briefs
New CEO for CCM Hockey
Marrouane Nabih, who had been serving as CCM Hockey’s chief financial officer since February 2019, has been promoted to the position of CEO, heading up a renovated executive suite. Jeffrey Dalzell has been promoted to chief product officer, Janne Heino to executive vice president in charge of Europe, and Caroline ...
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News briefs
New CEO for Decathlon USA
Christian Ollier, who has worked for Decathlon for 15 years, has been elevated to the position of CEO of Decathlon USA. He takes the place of another company veteran, Michel D’Humières, who is said to be moving to handle other projects inside the world’s largest sporting goods retail chain. Ollier ...
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News briefs
Online sales account for 17.3% of El Corte Inglès’ retail sales
El Corte Inglés, the leading Spanish department store chain, is a major factor in the country’s sporting goods market. The company reported a 19 percent decline to €10.52 billion in revenues from its retail business in the 2020 financial year, due to the Covid-19 pandemic. The drop would have been ...
