All News briefs articles – Page 301
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News briefsMacron inaugurates its new HQ
With the company’s 50th anniversary approaching, Macron has inaugurated its new headquarters with an open house for the VIPs of Bologna’s society. The company broke ground for the new campus in July 2019 in the town of Valsamoggia, Italy, situated 10 km from Bologna, 25 km from Modena and right ...
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News briefsMarimekko collaborates with Adidas on sportswear
For Marimekko, a major Finnish producer of highly colorful fabrics, has decided to have its first collaboration with a sportswear brands through a limited edition with Adidas.Bold patterns are combined with a functional style to convey a positive spirit of movement and playfulness. The Adidas x Marimekko collection is scheduled ...
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News briefs
Nike claims its break-up with Neymar was tied to a sexual assault allegation
Nike’s decision to stop working with Neymar jr. last year was connected with allegations by a Nike employee that the footballer had sexually assaulted her, the Wall Street Journal (WSJ) has revealed, and Nike has partly confirmed the report, adding that the allegations could not be confirmed. Neymar has vigorously ...
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News briefsGfK sees slow possible recovery of consumption in Germany
In its monthly study in Germany this May, GfK market researchers found consumer sentiment that has been “rather bright than muted,” because of falling illness rates and success in Covid-19 vaccinations. With more employees coming out of short-time or remote work and incremental re-openings of stores and restaurants, conditions are ...
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News briefs
Kering sells a 5.9% stake in Puma
Kering said it has launched a private placement for about 8.9 million shares in Puma among qualified investors through an accelerated book-building process. For Kering, which has been focusing on the luxury goods sector lately, the move would generate proceeds of more than €800 million at the current stock market ...
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News briefs
ABG may go public
The Authentic Brands Group has confidentially filed an application for an initial public offering (IPO), according to Women’s Wear Daily, whose sources apparently confirmed a previous report in Bloomberg that ABG was exploring a potential IPO that could value the group at about $10 billion. The IPO that could be ...
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News briefs
Martes launches new Martes Sport Pro concept
Martes Sport has branded or rebranded 70 stores as Martes Sport Pro, expanding the offer of sports equipment and enhancing the customer experience. The leading Polish sports company has opened 28 new stores since March 2020 in Poland, the Czech Republic and Romania with a total area of more than ...
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News briefs
The NBA forms NBA Africa
The National Basketball Association (NBA) has announced the formation of NBA Africa, a new entity that will operate the league’s business in the African continent. This will include the Basketball Africa League (BAL), jointly operated by the NBA and the International Basketball Federation (FIBA), and the NBA’s first collaboration to ...
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News briefs
Nike and Puma are still battling over the term “footware”
The Fashion Law has reported that Nike and Puma appeared before the High Court of Justice in London on May 17 for an appeal hearing stemming from Nike’s quest to register the term “footware” as a trademark, for use in connection with tech-driven sneakers. In Nike’s view, “footware” would refer ...
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News briefs
U.K. competition watchdog sets out “green claims” principles for businesses
In 2020, the U.K. Competition and Markets Authority (CMA) announced that it was investigating the impact of “green” marketing on consumers. A recent analysis of websites, conducted alongside other global authorities, has shown that 40 percent of green claims made online could be misleading, the CMA said. The CMA is ...
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News briefsNewfeel releases Japan-inspired racewalking shoe
Newfeel, Decathlon’s private brand of shoes for exercise walking, has unveiled a new racewalking shoe with accompanying apparel: men’s and women’s rain jackets, windbreakers, T-shirts, talk tops and shorts. The RW900 is meant to come out in advance of the Olympic racewalking trials scheduled for Aug. 5-6 in Tokyo, 20 ...
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News briefs
Italian start-up develops sweat biosensor for endurance athletes
Swemax is the name of a new device that is said to be capable of measuring and analyzing sweat, allowing for predictive analysis and progress tracking. The new biosensor has been developed by Biometrica, an Italian start-up based in Parma. In practical terms, the Swemax consists of an interchangeable patch ...
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News briefs
Running legend Ron Hill has passed away
Ron Hill, the legendary British runner who founded the Ronhill brand of performance sports clothing and one of the greatest marathon runners of all time, died in his hometown of Hyde, Cheshire, England, on May 23. He was 82 years old. In May 2018, he had announced that he had ...
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News briefs
Lotto is the title sponsor of the new Challenge Gdansk
Lotto has become the title partner of the Challenge Gdansk, a new triathlon festival and mid-distance race. The inaugural edition of the race will take place on June 20 in the Polish city of Gdansk, on the Baltic coast. Challenge Gdansk will start on the beach with a swim in ...
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News briefs
Munich’s sales decline year-on-year but beat 2018’s
Munich, the Spanish brand of sports and lifestyle sneakers, has reported sales of €40.9 million for 2020, down 8 percent year-on-year, but still up from 2018. The Catalonian shoe brand says the effects of Covid-19 were “significantly more favorable than projected.” About 88 percent of the revenues were generated in ...
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News briefsWolverine Worldwide appoints new executives for the group and Sperry
Source: Wolverine Worldwide Isabel Soriano Isabel Soriano has been named president of international at Wolverine Worldwide. In this new role, she will oversee all company’s operations in the EMEA region, Latin America, Asia-Pacific and Canada. Soriano joined the group in 2018 as vice president and managing director ...
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News briefs
Peloton plans a $400m factory in Ohio
Peloton Interactive has announced a plan to invest $400 million in a new U.S. factory to make its stationary bikes and treadmills, which currently come mainly from Taiwan, to help accelerate deliveries to customers. Located in the Troy Township of Wood Country, Ohio, the new facility should start up in ...
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News briefs
Mizuno joins Xinxiang boycott
Mizuno Corp. has joined several Western sports brands in the boycott of cotton sourced in the Xinjjiang region of China. The company refrained from an official disclosure of the reasons for the move, which is probably linked to allegations of human rights abuses against Muslim Uyghurs in the area. It ...
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News briefs
Wilson to introduce an apparel line
Wilson is introducing a new apparel line for men and women - only in the U.S. and China for the time being. Called Wilson Sportswear, the line is meant to blend “sport, fashion and culture.” Items will be dropping bi-weekly, with special collaborations at “key moments in sport culture.” They ...
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News briefs
Adidas’ MD for Central and Eastern Europe is leaving
Adidas has confirmed a report that Winand Krawinkel, managing director for Central and Eastern Europe, is leaving the company, without saying at this stage how he is going to be replaced. No reason has yet been given for the move. Krawinkel joined the company in 2006 as head of business ...
