All News briefs articles – Page 311
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News briefs
Completing its acquisition of Plano Synergy, Pure Fishing divests its hunting brands
Pure Fishing has announced that it has completed the acquisition of Plano Synergy Holdings. As part of the closing, Pure Fishing has also announced the sale of Plano Synergy’s archery and hunting accessories brands to GSM Outdoors. The move is consistent with Pure Fishing’s strategy that places priority on fishing, ...
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News briefs
S&P upgrades its outlook for Foot Locker
The st onger-than-expected performance of Foot Locker in the past financial year has led Standard & Poor’s to upgrade its outlook for the company from negative to stable, while affirming its BB+ issuer credit rating. Foot Locker’s leverage reached a range in the mid-1x; which was much better than the ...
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News briefs
Foreign sports retailers dominate on Facebook in Spain
CMDsport has published a report on the social-media presence of the top purveyors of sporting goods and sportswear in Spain. The top platform is Facebook, followed by Instagram and Twitter, and on Facebook the top chain, by a large margin, is JD Sports, with 3.47 million followers. JD is the ...
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News briefs
Asics releases new eco-friendly Earth Day Pack
Asics has launched a new Earth Day Pack, defined by the brand as “Asics’ most environmentally sustainable cross-category collection ever.” The new range of eco-friendly running shoes and apparel was obtained through a circular manufacturing approach that used around 5 tons of textile waste, the equivalent of 25,000 T-shirts, recycled ...
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News briefs
Allbirds proposes its open-source Carbon Footprint Calculator to fight greenwashing
On April 22, with the celebration of Earth Day, Allbirds will release an open-source version of its Carbon Footprint Calculator on Freethefootprint.com. “For too long, many brands have focused on marketing sustainability rather than actually implementing holistic, high-impact solutions — and to an extent, it’s worked,” said Joey Zwillinger, co-founder ...
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News briefs
Asos and DPD team up on clothes recycling initiative
Asos has teamed up with DPD, the big British parcel delivery firm, on a new textile recycling initiative called ReLove. Under the scheme, Asos customers will have an opportunity to donate unwanted clothing to five charities, including the British Heart Foundation, British Red Cross, Marie Curie, Scope or The Children’s ...
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News briefsKappa collaborates on Naples’ kit with an Argentine designer
County of Milan, a brand run by the Argentine designer Marcelo Burlon, has collaborated with Kappa to revamp the uniform of the SSC Napoli football club in a rather sumptuous way. Kappa, which is the official sponsor of the club, calls it “a celebratory collection” to “convey the culture, ...
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News briefs
Spain’s Cronos opens a first store in Portugal
According to CMDsport, Deportes Cronos will be opening its first Portuguese store under its own name on April 24. Located in the capital city of Lisbon, and measuring some 100 square meters, the store is to be the first of seven in the country. The Spanish buying group for independent ...
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News briefs
Sequential narrows losses, but deadline looms
While reporting lower losses, the Sequential Brands Group, whose brand portfolio includes And1 and Avia, warned that it will not be able to comply with some of its debt covenants for the next 12 months. It is still negotiating an extension of a new waiver on a credit agreement expiring ...
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News briefs
Canada Goose will buy back fur and upcycle it
Reacting to the attacks of animal welfare activists, Canada Goose has introduced a new Fur Buy Back program to help achieve the declared goal of ending the purchase of new furs by 2022, while introducing reclaimed fur into the supply chain. A global Reclaimed Fur Working Group has created an ...
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News briefs
Bleyer files for insolvency
Bleyer, a German producer of sports shoes for special activities, has filed for temporary insolvency because of cash problems caused by the coronavirus pandemic. The company, which employs 21 people, and its web store will continue to operate like before, hoping that the current restrictions on sports and dance events ...
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News briefs
Macron gets involved in digital fitness
Macron has announced a three-year apparel partnership with Fitbook, a virtual community for fitness trainers to promote and manage activities, information and events related to the world of fitness. While Macron specializes in the development and sale of team sports jerseys, it is based in the Italian city of Bologna ...
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News briefs
NOBULL gets PE investment to diversify from training
NOBULL, which defines itself as “a brand for people who train hard and don’t believe in excuses,” has received an unspecified investment from Exeter Capital, a new private equity firm in Boston, to help it to grow and expand its product line. The company, which recently took over the sponsorship ...
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News briefs
Dish sues Peloton, Lululemon and Icon Health & Fitness over streaming technology
Connected fitness remains a hot issue in terms of intellectual property rights. Dish Network Corp. and its Sling TV division are suing Peloton Interactive, Lululemon Athletica and Icon Health & Fitness for allegedly infringing five patents for technology that improves the quality of video content on the internet through multi-bitrate ...
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News briefs
Adidas uses mushroom fibers in a Stan Smith model
Adidas has launched the Stan Smith Mylo, its first shoe whose upper is made with the Mylo material, a soft, natural and renewable alternative to leather that uses mycelium, which comes from the roots of mushrooms. Developed by a biotechnology firm, Bolt Threads, Mylo is described by the company as ...
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News briefs
Puma reportedly agrees not to use the Tokyo 2020 mark
Puma has reportedly settled a dispute with the U.S. Olympic and Paralympic Committee (USOPC), which claims to own trademarks for the Tokyo 2020, Beijing 2022 and Paris 2024 labels, with the right to use them for licensing and sponsorship agreements. The committee and Team USA had filed a suit against ...
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News briefs
Kolon Sport partners with Aquafil for an apparel line with recycled nylon
Kolon Sport, the South Korean brand of sports and outdoor apparel, has partnered with Italian nylon maker Aquafil to develop a new ecological material which they call Kolon Nylon. The 100 percent recycled nylon material has been used for ten garments in Kolon’s spring/summer 2021 collection, including vests, jackets and ...
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News briefs
Under Armour outlines specific environmental pledges
Under Armour (UA) has announced three specific commitments to reduce the impacts of its operations on the environment. Firstly, the company has committed to reduce absolute scope 1, 2 and 3 greenhouse gas (GHG) emissions by 30 percent by 2030 from a 2018 base year - a science-based emissions target ...
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News briefs
Saucony partners with a British charity, GoodGym
Saucony and GoodGym, a British charity, have announced a new partnership that will make the brand the exclusive apparel and running footwear partner of GoodGym for the next two years. Headquartered in London, GoodGym combines regular exercise with helping communities. Its group of runners walk, run or cycle to help ...
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News briefsWolverine appoints Tesla director to its own board
Wolverine Worldwide appointed Kathleen Wilson-Thompson to its board of directors. A graduated lawyer and experienced top executive, she is currently also a member of Tesla’s board of directors and brings global retail experience in senior management positions and a total of 14 years as a director with Tesla and two ...
