All News briefs articles – Page 298
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News briefs
Growing Eleiko makes new investments
Eleiko, the leading Swedish-based producer of weightlifting equipment, has started construction of a new logistics center in Halmstad, close to its head office in Kistinge, to help cope with its continued growth, which reportedly led it to book sales of about 500 million Swedish kronor (€45m-$60m) last year, up from ...
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News briefsMDV’s Gripwalk® ski boot binding system receives ISO certification
The International Organization for Standardization has confirmed the ISO standard 23223 for the Gripwalk ski boot binding system developed by Marker Dalbello Völkl Brands, also known as MDV Sports. The system, which was first presented at ISPO Munich in 2016, enables easier and more comfortable walking on ski boots. It ...
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News briefsEmilio Pucci collaborates on a capsule with Supreme
For spring 2021, Emilio Pucci is releasing a capsule collection with Supreme, the American streetwear brand recently acquired by VF Corp. The collection comprises 14 items including a silk jacket, waterproof nylon sweats, shirts and T-shirts, a hoodie and pants, a football jersey and shorts and accessories such as sunglasses, ...
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News briefs
Puma avoids a restraining order in Roar lawsuit
The federal court of New York for the Southern District has rejected a request for a temporary restraining order against Puma, which would have prevented it from using teeth designs on its apparel. The plaintiff, Christophe Roberts, claimed that various designs launched by the Wild Cat to address NBA customers ...
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News briefs
Stone Island’s president has bought a football club
Carlo Rivetti, president of the Italian sportswear brand Stone Island recently acquired by Moncler, has taken complete ownership of Modena FC 2018, a football club based less than 20 kilometers from the brand’s headquarters in Ravarino. The club has been acquired from Kerakoll, its previous owners, via Rivetex, the financial ...
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News briefsWolverine Worldwide expects strong second quarter
Ahead of investor meetings to be held during the virtual Baird 2021 Global Consumer, Technology, and Services Conference on June 8, Wolverine Worldwide provided a business update stating that the company expects second-quarter 2021 revenues the comparable figures for the second quarter of 2019. The company noted that its performance ...
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News briefsPinterest brings shopping functions to France, Germany, Canada and Australia
The Pinterest photo app wants to become more of a shopping platform internationally. After the U.S. and U.K., the company’s shopping functions will now also be available in Australia, Canada, France and Germany later this year. Users will thus have the opportunity to buy products directly via pins, pinboards and ...
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News briefsEU modernizes VAT rules for international online trade
New EU tax rules for orders placed with non-European online retailers will come into force at the beginning of July. The most important change is the elimination of the previous exemption limit of €22 for direct (B2C) imports. This means that import VAT will be due on all packages, with ...
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News briefs
Livall’s high-tech bike helmet raises over $300,000 on Indiegogo
Livall has announced that the campaign for the official launch of its EVO21 smart bike helmet on Indiegogo has now raised over $300,000 from more than 2,100 backers. The campaign debuted on Indiegogo on May 13, and Livall plans to start shipping the new helmet globally this month. The EVO21, ...
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News briefsSurvey: Generation Z embraces second-hand movement to live more sustainably
According to a recent study by Depop, a popular e-commerce platform for second-hand fashion, and an 11-year-old management and business consulting firm based in Boston, Brain & Company, the shopping behavior of the so-called Generation Z – born between 1997 and 2012 – is not only, but predominantly driven by ...
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News briefs
Eliasch is the new president of the International Ski Federation, and he may quit as Head CEO
Johan Eliasch, the Swedish billionaire and long-time major shareholder and CEO of Head, has been elected as the new president of the International Ski Federation (FIS). He succeeds Gian-Franco Kasper, who has stepped down after 23 years in charge of the governing body. Eliasch, who secured more than half of ...
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News briefs
Vans introduces the Eco Theory collection
Vans has introduced a new take on some of its best-known silhouettes, made from responsibly sourced materials. The new capsule collection, dubbed the “Eco Theory” line, features new takes on the Authentic, Slip-On and Style 36 models. For the Eco Theory, Vans has used materials like natural rubber, organic cotton, ...
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News briefs
Kathmandu signs new green credit facilities
Kathmandu Holdings, which owns the Kathmandu, Rip Curl and Oboz brands, has already been recognized as a certified B Corp. The company has now refinanced its credit facilities with two others where the borrowing costs are linked to the achievement of certain targets for reduced carbon emissions, transparency and labor ...
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News briefs
361° retires the rest of its debt
361 Degrees has fully redeemed the remaining principal of around $130 million still outstanding from the the Chinese sports brand’s senior noted due on June 3, which were yielding an annual interest of 7.25 percent. The company had repurchased other tranches in the past two years. After this move, Standard ...
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News briefs
New British Cycling Show in June 2022
Raccoon Events, the U.K.-based company behind events such as the National Running Show, the National Snow Show or the National Outdoor Expo, announced today that it is adding another consumer event to its portfolio: The National Cycling Show, scheduled for June 18-19, 2022, at the NEC in ...
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News briefs
TNF under fire from U.S. oil industry after rejected clothing order
SGB Media reports that a U.S. oilfield company, Liberty Oilfield Services, is using billboards around Denver, a website and videos on YouTube and Twitter to pillory The North Face (TNF) for hypocrisy. Last December, TNF turned down an order from Innovex, a Texas-based oil and gas company, to buy ...
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News briefs
New global sales and e-commerce managers at Smartwool
Smartwool has announced two changes to its top management team. Corey Stecker, who was promoted to international general manager of sales and marketing last January, has been named global head of sales. Stecker has been with Smartwool since 2016. In his new role, he will be responsible for global wholesale ...
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News briefs
A 2.8% CAGR forecast for tennis shoes by 2028
The market for tennis shoes was worth $2.19 billion in 2020, and is forecast to reach $2.60 billion by 2028, representing a compound annual growth rate (CAGR) of 2.8 percent from 2021 to 2028, according to a new report by Allied Market Research (AMR). By playing surface, the hard-court tennis ...
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News briefs
U.S. congressmen urge basketball players to end Chinese endorsements
The co-chairmen of the Congressional-Executive Commission on China, Senator Jeff Merkley of Oregon and a member of the House of Representatives, James P. McGovern of Massachusetts, have addressed a letter to Chris Paul and Michele Roberts, the president and executive director of the National Basketball Players Association (NBPA). In it ...
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News briefs
Puma replaces Mitre as match ball supplier of the English Football League
The English Football League (EFL) has announced Puma as its new official match ball supplier. The agreement with Puma, which will begin at the start of the 2021/22 season, replaces the EFL’s historic partnership with Mitre after 45 years. The new contract will see Puma supply the official match ball ...
