All News briefs articles – Page 304
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News briefs
Macron signs up one of the oldest English football clubs
Macron has signed a five-year sponsorship deal with the Blackburn Rovers football club, taking the place of Umbro from the 2021/22 season. The Italian brand will dress up the main team as well as the women’s and junior teams. Founded back in 1875, the club is one of the oldest ...
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News briefs
Brazilian martial arts brand applies Polygiene’s Stay Fresh
A Brazilian company specializing in martial arts, KVRA, has incorporated Polygiene’s Stays Fresh treatment into a gi for the martial art of jiu-jitsu. Gis are made of thick fabric, absorb a lot of sweat and tend to take two or three days to dry in the air after a wash. ...
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News briefs
Hervis proposes online video consulting
To come closer to the customer, the Austrian sports retailer Hervis Sports is supplementing its omnichannel service offering with a personal video consultation, especially in product areas that require a lot of advice, like skis and bikes. Working together with SPAR ICS, the IT subsidiary of its parent company, SPAR, ...
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News briefs
3M launches Thinsulate Xerogel Insulation with 99% air
3M announced the launch of a new Xerogel insulation technology in the coming months. Comprised of 60 percent post-consumer recycled material, the new 3M Thinsulate Xerogel insulation is a highly porous structure consisting of 99 percent air for good thermal insulation. In order to apply this innovative material to apparel, ...
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News briefs
HeiQ expands into coatings with the takeover of RAS
HeiQ, the Swiss ingredients brand known for its antiviral textile technology HeiQ Viroblock, is expanding its product portfolio to include coating technologies through the acquisition of a German materials company, RAS. Based in Regensburg, this company develops and manufactures highly functional materials including antimicrobial, hygiene-improving additives and durable antimicrobial coating ...
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News briefs
Wolverine and ABG reportedly bid jointly for Reebok
Wolverine Worldwide has joined forces with the Authentic Brands Group (ABG) to make a bid worth “slightly more than” $1 billion for the takeover of Reebok, according to The New York Post. ABG’s current assets include Sports Illustrated as well as sports brands like Airwalk, Prince Sports and Volcom. The ...
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News briefs
China Sport Show places fitness at center stage
This year’s China Sport Show, scheduled to take place at the National Exhibition and Convention Center in Shanghai on May 19-22, will have fitness equipment as its “main character.” The products for this segment will occupy more than 80,000 square meters out of a total exhibition area of 150,000 square ...
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News briefsPuma launches new OP-1 PWRFrame sneakers line
Puma has introduced the OP-1 PWRFrame franchise, a new line of sneakers with a progressive, clean design and a futuristic feel. The brand will launch new drops every month. The upper combines more technical processes, like bonding and embroidery, with traditional overlay elements, for a streetwear look. Neon accents appear ...
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News briefs
Women’s Tour de France to return in 2022
Christian Prudhomme, manager of the Tour de France, has confirmed in an interview with the Guardian that there will be a women’s bicycle race in 2022 and that it will be held closely after the three-week men’s Tour. Further details on the race will be presented in October, which is ...
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News briefs
Iconix turns around, rising in Europe
The Iconix Brand Group turned around to a net profit of $4.2 million in the first quarter, boosted by a $15 million gain on the sale of the Lee Cooper trademark in China, as compared to a loss of $21.8 million in the year-ago period, where it reported impairment charges ...
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News briefs
Management reshuffle at Sequential Brands Group
William Sweedler has resigned as executive chairman of the struggling Sequential Brands Group, which has been granted a waiver on its credit covenant defaults until June 7. He had taken the place of the former CEO, David Conn, after his departure in autumn. The board of directors has elected one ...
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News briefs
Technogym sells Danish club management software firm
Technogym has announced the sale of Exerp ApS, a Danish company involved in the development of software for the management of club members, and its holding company, Amleto ApS, to a U.S. investment firm, Battery Ventures. Technogym will record a capital gain of €17.1 million on the €53.1 million price ...
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News briefs
Technogym grows by 10.2%, with B2C home fitness up by 129.2%
Technogym reported a revenue increase of 10.2 percent to €128.7 million in the first quarter of 2021, with a growth of 13.1 percent in constant currencies. In terms of euros, they rose by 26.0 percent in Italy, by 1.3 percent in the rest of Europe, by 29.1 percent in Asia/Pacific ...
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News briefs
Nike sees HQ staff working at the office three days a week
Nike’s vice president of workplace design and connectivity, Jeff Nichols, has sent out in an email to affected employees, laying out a new in-office work policy for the company’s global headquarters in Beaverton, Oregon. Nike is to begin raising capacity, services and amenities there as of next month, while continuing ...
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News briefsE-bikes push Giant to new records in sales and profits
Taiwan’s largest bicycle manufacturer, the Giant Manufacturing Group, reported record revenue and profits in the first quarter. Sales rose by 54.8 percent to 20.62 billion Taiwan dollars (€610.2m-$737.4m), and net profit jumped as much as 170 percent to TWD$1.7 billion (€50.3m-$60.8m). In private label (Cadex, Giant, Liv, Momentum brands), ...
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News briefsHelly Hansen maintains sales momentum
In the first quarter ended April 3, Helly Hansen’s revenues increased by 12.2 percent to 136.3 million Canadian dollars (€92.8m-$112.1), growing at rou ghly thesame pace as in the fourth quarter of 2020 despite continuing store closures and restrictions on store operations because of the Covid-19 pandemic. Canadian Tire, which ...
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News briefs
Shares of Sports Direct’s parent reach a 52-week high
Frasers Group, which owns Sports Direct International and many other assets, has launched a new share buyback program, limiting the maximum aggregate purchase price at £60 million (€69m-$83m) for a total of up to ten million shares. It started on May 4 with the acquisition of 3,189 shares at an ...
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News briefs
Angling Direct’s former CEO, Darren Bailey, is leaving
Darren Bailey, the former CEO and managing director of Angling Direct, is leaving the company. Bailey, who moved from CEO to non-executive director in 2019, informed the board that he would not stand for re-election at the May 11 annual meeting. He has been with the leading British online and ...
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News briefs
Under Armour debuts omnichannel presence in the Middle East
Under Armour is launching an e-commerce platform in the Middle East, in collaboration with two technology partners, Emakina and Fluent Commerce. The American sports company has already more than 30 brick-and-mortar stores in the Middle East region, where it is distributed by Athlocity, including a newly inaugurated flagship store in ...
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News briefs
Cisalfa expands its retail network after a 2.7% sales drop
Italy’s Cisalfa Sport Group suffered a relatively small decline of 2.7 percent in consolidated sales to €439.5 million in the financial year ended Feb. 28. Excluding revenues of €179 million from the Intersport business in Italy, Cisalfa Sport and its other integrated sporting goods retail chains had revenues of €366.4 ...
