All News briefs articles – Page 361
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News briefs
Salomon to release a shoe model designed for recycling
Next February, Salomon will be introducing a running shoe for the circular economy, using recycled polyester that can subsequently be re-purposed for the brand’s ski boots, in time for release in winter 2022. The fruit of a purported three years’ research at the brand’s Annecy Design Center in the French ...
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News briefs
Speedo to investigate its licensee in India
Speedo International is reportedly launching an investigation into a factory in India that manufactures products under its own brand name, because another Indian factory owned by the same licensee is suspected of labor abuses. The factory is operated by Speedo’s licensee for India and Sri Lanka, Page Industries, which distributes ...
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News briefs
A special director joins Under Armour’s board after a new shareholders’ complaint
Under Armour has announced that Wes Moore, the chief executive of the Robin Hood Foundation, has joined its board of directors. The foundation has distributed more than $3 billion to organizations that address disparities in education, housing, food insecurity and workforce development. Moore, 41, has worked in investment banking and ...
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News briefs
Slinger Bag goes more international
Slinger Bag, the innovative ball launcher, continues its international expansion, announcing new distribution agreements in Australia and Africa in the last few days. The product will be launched in the Australian market in October under a new, exclusive five-year agreement with Tennis One, which has four retail stores in the ...
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News briefs
Two French retailers are merging
Frasteya and Lafreto have announced their merger, with immediate effect. The new joint company resulting from the merger of these two French physical players specializing in outdoor and boardsports is called 113Outdoor. As reported by sport-guide.com, Frasteya will be the majority shareholder while Lafreto will hold a minority stake in ...
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News briefs
Macron is the new kit sponsor of K.K. Zadar
Macron will replace Adidas as the technical sponsor of K.K.Zadar, the professional basketball club based in the city of Zadar (Zara), Croatia. The Bologna-based sportswear company has agreed a three-year deal with the club starting from the next season. Among its multiple trophies, K.K. Zadar boasts six titles in the ...
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News briefs
The British Golf Show moves to 2021
The second edition of the British Golf Show has finally been postponed to May 14-15, 2021. The event, originally scheduled to take place in May of this year, had already been rescheduled to early October, but the ongoing lack of clarity regarding the possibility of organizing public gatherings has finally ...
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News briefs
Adidas’ former Yeezy boss will work for Shopify
The mystery about the recent departure of the former head of the successful Yeezy business unit at Adidas is solved. Shopify has just announced that Jon Wexler will be joining the global, Canadian-based e-commerce company on Sept. 14 as vice president of its creator and influencer program. As he did ...
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News briefs
361° sees its credit rating downgraded
Standard & Poor’s has downgraded the credit rating of 361 Degrees International, predicting that its position in the Chinese market will weaken due to an accelerated consolidation of the industry, leading its sales to decline by 5 to 10 percent in 2020 and by up to 5 percent in 2021. ...
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News briefs
Peloton sets up a health advisory council
Peloton has established a Health and Wellness Advisory Council to find ways to foster the “physical, mental and emotional wellbeing” of its subscribers worldwide. The council’s five members are doctors, researchers and other specialists in cardiovascular medicine, cardiopulmonary exercise, neurology and neuroscience. According to the company’s president, William Lynch, Peloton’s ...
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News briefs
Puma to release a Porsche collection
Puma has teamed up with a storied German automotive brand for the Puma x Porsche Design footwear and apparel collection, intended to mix luxury with performance. The three shoe models – Xetic M, Xetic L and Xetic M Shift – have a new type of sole, called Xetic, that is ...
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News briefs
Adidas places two low-yield €500 million bonds
Adidas placed two low-yield bonds worth a total of €1 billion, describing the transaction as its first one as an investment-grade-rate issuer, demonstrating the company’s strong credit profile. The bond offer was more than seven times oversubscribed. The proceeds will be used for general purposes including the repayment of existing ...
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News briefs
Nike launches sports collection for expecting moms
On Sept. 17, Nike will launch its first sports collection for expectant mothers through its own web store in the U.S., Europe and Africa. Designed to support and motivate women in all phases of pregnancy and beyond to continue doing sports, the four-piece collection will be marketed under the label ...
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News briefs
JD Sports signs one-year deal with Leeds
JD Sports will be the official sleeve sponsor of Leeds United, the English football club in Leeds, Yorkshire, for the 2020/21 Premier League season. The club will play in the first tier of English football following its promotion in the 2019/20 season. JD Sports’ logo will appear on men’s and ...
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News briefs
ADIFO launches U.S. operations
The Adi Dassler International Family Office (ADIFO), a privately-owned, independent wealth advisory firm for families, recently launched U.S. operations in Miami and Tampa, Florida. ADIFO was founded by Klaus, Horst and Stefan Bente, the three sons of Inge Dassler, the oldest daughter of Adidas’ founder, Adi Dassler. Currently run by ...
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News briefs
Champion launches collection for gamers
Champion is introducing a new Gamer Collection for e-sports players, or “gamers.” The collection comprises sweatshirts, available as both pullovers and zip-ups, and pants. The sweatshirts feature oversized hoods, specially designed to cover people wearing headsets. The sleeves are also designed for gamers, with a rib cut that helps prevent ...
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News briefs
A revived Confirmed app by Adidas
Adidas is resurrecting its five-year-old Confirmed app as a new, updated e-commerce platform filled with story-telling contents. The new app became available in the U.S. last week, and there are reportedly plans to launch it also in China at the end of this year and in Europe next year. In ...
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News briefs
Decathlon closes two stores in Russia
Decathlon has decided to close two mega-stores in different parts of Russia in less than a month. On Aug. 20, the French sporting goods retailer announced that it would close a store in Ivanovo. The decision was made against the background of a major slump in revenue due to the ...
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News briefsLöffler is climate-neutral
In contrast to many other companies for whom the relocation of many production steps to the Far East has become the norm, the Austrian sports clothing manufacturer Löffler is proud to have responsibly produced in Austria and Europe since the company was founded in 1947. For many years, the company ...
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News briefs
The fashion industry will likely miss key climate change goal
According to a new report from the Global Fashion Agenda and McKinsey & Co., entitled Fashion on Climate, the global fashion industry will miss its 2030 emissions reduction targets by 50 percent if it continues on its current path. In 2018, the apparel and footwear industry was responsible for around ...
