All News briefs articles – Page 355
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News briefsAmanda Rajkumar will run HR for Adidas
Amanda Rajkumar, a 48-year-old British national with 24 years of experience in human relations at other global organizations, is taking the place of Karen Parkin at the Adidas Group as the executive board member in charge of global human relations, overseeing a staff of nearly 60,000 people. She will be ...
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News briefs
Wintersteiger enters the bike maintenance sector
Wintersteiger, the leading Austrian provider of ski maintenance equipment, has entered the growing bike category as a counter-seasonal business. After two years of market research and product development, it has launched a new Bike Services division, offering a package for bike rentals that includes automatic bike cleaning as well as ...
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News briefs
Goat.com is barred from selling clothing
A New York federal judge has granted a preliminary injunction against the Goat Group in response to a complaint by Goat Fashion, a London-based label of women’s and children’s clothing founded in 2001, asking it to stop selling apparel on its sneaker-focused marketplace. The court agreed that consumer confusion about ...
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News briefs
Kering trims its stake in Puma to 9.8%
Kering has completed the sale of about 8.8 million shares in Puma for €655.6 million, further reducing its stake in the company from 15.7 percent to 9.8 percent. Kering held 86.3 percent of Puma’s shares before spinning off most of them to its own shareholders in 2018 in order to ...
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News briefsTexon unveils new recyclable insole technology
Texon, the U.K.-based producer of materials for the footwear industry, has unveiled a new insole technology that is based on 85 percent recycled polyester (rPET) and is 100 percent recyclable. Texon Ecoline is produced with a special fusion-bonded process that enhances the internal bond structure of the material’s fibers, which ...
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News briefsUvex appoints new sales manager
Uvex Sports is strengthening its sales team by creating the new position of head of sales, with oversight for domestic and international sales, which has been assumed by Patrick Schmollinger as of Oct. 1. Schmollinger started his sales career at Speedo Germany after completing his studies. He then moved to ...
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News briefs
Oberalp's "leader" status is confirmed by FWF
Three brands of the Oberalp Group – Salewa, Dynafit and Wild Country – have been awarded “Leader” status by the Fair Wear Foundation (FWF) for the fourth year in a row. They have actually gained five more points than last year, reaching a score of 84/100. Pointing out that it ...
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News briefs
PE firm takes control of Gymondo
Oakley Capital Investments, a Bermuda private equity firm, has acquired a majority stake in 7NXT, the Berlin-based parent company of Gymondo and two other businesses, with an investment of €42.6 million and a plan to expand their operations further in Germany and internationally. The sellers are the company’s founder and ...
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News briefs
Adidas founds the Football Collective
Adidas has launched the Football Collective in London, Paris, Berlin, New York, Los Angeles and Tokyo. A form of federation of local individuals and clubs, the Football Collective intends to foster social changes through football. It will be working with local initiatives already set up under the Adidas Football Collective ...
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News briefs
Skullcandy releases new wireless ear buds
Skullcandy, the audio brand headquartered in Park City, Utah, has launched a new True Wireless earbud. The Jib True’s battery will last 22 hours, with six hours in the bud and another 16 in the case. It has call, track, volume and assistant-activating controls as well as Bluetooth connectivity and ...
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News briefs
Iconix sells Starter China
While still looking for strategic options, including a possible sale of the rest of its business, the Iconix Brand Group has announced the completion of a transaction for the sale of a Chinese subsidiary, Starter China, for $16.0 million. The sale covers the rights to the Starter brand in China, ...
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News briefs
Elho is reborn with a heritage collection
After an absence of two decades, the Elho brand of skiwear is marking its return with a 1989 Heritage Collection, in time for sale through its own website for the imminent autumn/winter season. The limited edition consists of 15 items of colorful ski and street apparel, launched by a company ...
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News briefs
Pittards sees more opportunity than risk in the “new normal”
Despite losing nearly half of its turnover and posting a net loss in the first six months of the year, Pittards sees “more opportunity than risk in the new normal that is emerging.” The British manufacturer of performance leather and leathergoods manufacturer reported a 45 percent drop in sales to ...
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News briefsMarchon gets the Converse eyewear license
Marchon Eyewear, which is already a the long-time licensee of Nike for glasses, has entered an exclusive, long-term global licensing agreement with Converse. The New York-based company replaces De Rigo as Converse’s licensee. The Italian eyewear manufacturer obtained the Converse license after taking over the American company REM Eyewear in ...
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News briefs
Dragon adds two goggles to its line
Dragon Eyewear is releasing two new goggles for the forthcoming winter season. The PXV2 is a new version of the PXV, with the addition of a Swiftlock on its lens. The RVX OTG features a new version of the Swiftlock itself, Swiftlock 2.0, thanks to which it can be worn ...
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News briefsSmartwool Europe partners with POW Switzerland
For the upcoming winter season, Smartwool Europe has entered a partnership with Protect Our Winters (POW) in Switzerland. Founded in 2007 by a pro snowboarder, Jeremy Jones, POW is a global non-profit charity that builds communities of athletes, activists and committed companies to work on solutions to make changes in ...
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News briefs
Covid has affected the sports industry badly
The sports industry, intended as the organization of sports events and related betting and licensing activities, is estimated to have lost between 30 and 40 percent of its revenues because of the Covid-19 pandemic, based on a study conducted by PriceWaterhouseCoopers (PWC), and its recovery will be slow. A survey ...
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News briefs
Eurobike is shrinking
Physical attendance at the special Nov. 24-26 edition of the Eurobike show in Friedrichshafen will be limited to 10,000 trade-only visitors per day. Only 400 exhibitors will participate in the leading European bike show, compared with more than 1,400 in September 2019. Described by the organizers as ”The Place to ...
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News briefsMIPS starts its own team of sponsored athletes
MIPS, the Swedish supplier of helmet-based brain safety and protection equipment, has announced the formation of its first professional athletic team, “Team MIPS.” The team will serve as an “ever-growing global force of helmet safety advocacy,” with athletes from around the world with a wide range of backgrounds and professional ...
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News briefsJack Wolfskin has a new CFO
André Grube is the new chief financial officer of Jack Wolfskin. On Oct. 1, he took over responsibility for the company’s financial division as well as the tax & legal, human resources and office management departments of the German outdoor brand, which has been the property of Callaway Golf since ...
