All News briefs articles – Page 373
-
News briefs
Artémis trims its stake in Puma
Artémis, the holding company that controls Kering, expects to reduce its stake in Puma from 29 percent to about 25 percent through a new €500 million convertible bond offering. Bondholders will be able to convert their investment into Puma shares in 2025, with a conversion premium of between 35 and ...
-
News briefs
Ispo’s organizer goes digital after a record year
Messe München, the organizer of the Ispo trade shows, had record revenues of €474.2 million last year, generating Ebitda of €138.4 million. Its success had a spill-over effect on the economy of Munich and the state of Bavaria, resulting in extra revenues of around €3.3 billion for the hotel industry ...
-
News briefs
JD re-acquires Go Outdoors
Just after appointing Deloitte as administrator of Go Outdoors, its struggling British outdoor chain, JD Sports Fashion announced that it has re-acquired the business and substantially all of its assets for £56.5 million (€62.5m-$70.5m) “as partial repayment against its historic indebtedness” in a “pre-pack” administration deal via a newly incorporated ...
-
News briefs
Alpina wins German Brand Award 2020
Alpina, the German brand of helmets, goggles and protectors that is part of the Uvex Group, has received the German Brand Award 2020 for “excellent brands – sports and outdoor goods.” The annual award’s organizers, the German Design Council and the German Brand Institute, found that Alpina had successfully linked ...
-
News briefsNike enlists Native American Miss Universe
Ashley Callingbull of the Enoch Cree Nation, the first Canadian and first indigenous woman to become Miss Universe, is one of three Native American women figuring in Nike’s new ad campaign for its N7 collection. Callingbull is joined by Chelsey Luger, of both the Turtle Mountain Band of Chippewa and ...
-
News briefs
New CEO for Casall Sport
Nanna Hedlund will take up the post of chief executive of Casall Sport on Aug. 17. She was previously the CEO of Polarn O. Pyret, a Swedish quality kidswear brand with sales all over Europe and also in the U.S. Hedlund has been on Casall’s board since 2108. She takes ...
-
News briefs
Fischer Sports releases lightweight rollerski
Fischer Sports has released what it claims is the lightest rollerski on the market, made entirely of carbon to achieve the flexion and torsional resistance of a regular ski. Fischer has sought to give the Speedmax Classic, as it is called, a slim profile so as to balance high ground ...
-
News briefs
On Running launches documentary on the Athlete Refugee team
On Running, the Swiss brand of running shoes, launched a documentary to accompany the Athlete Refugee Team for the postponed 2020 Olympic Games on Saturday June 20, on the occasion of this year’s World Refugee Day. In the film, Tegla Loroupe, the well-known Kenyan runner who won the latest ...
-
News briefs
Signa Sports United launches its online stores in Japan
Outfitter, one of the online retail chains of Signa Sports United (SSL), has launched its first online store in Japan in cooperation with Aeon. The two partners plan to add other online stores for two other properties of SSL, Tennis-Point and Probikeshop, in Japan next month. The Austrian-based Signa Retail ...
-
News briefs
Decathlon Germany passes on VAT cuts directly to consumers
In view of the decision by the German government to reduce the value-added tax from 19 to 16 percent for certain products and from 7 to 5 percent for others from July 1, the sporting goods retailer and manufacturer Decathlon Germany declared that it will pass on the tax benefits ...
-
News briefs
Kinnevik sells shares in improving Zalando
Kinnevik, which is Zalando’s biggest shareholder, has sold 10.6 million shares in Zalando to institutional investors, reducing its stake from 26 percent stake to 21.3 percent and taking advantage of a recent increase in the e-tailer’s share price. The announcement came just before Zalando said that it will post significantly ...
-
News briefs
Three more markets for Zalando’s Connect Retail program
From July, Zalando will be extending its offer to waive commissions on its Connected Retail program to Poland, Sweden and Spain. The initiative, which was originally aimed at supporting brick-and-mortar stores during the coronavirus crisis, was introduced in Germany and the Netherlands on April 1. The offer will run until ...
-
News briefs
A boost for Fila’s management in Europe
Petra Stürenberg, managing director of Medico Sports Fashion, Fila’s licensee of the brand for Continental Europe, has appointed new managers to sustain the brand’s strong momentum in the region with a goal to turn it into one of the top five sports brands in the market. Since June, Hansjörg Scharner ...
-
News briefs
A new sustainable textile project by Puma
Puma has developed a new sustainable lifestyle and performance collection of garments based on a bio-design project called ”Design to Fade.” The non-commercial project served to research sustainable alternatives for textile production and textile dyeing. The result: Some of the products are dyed using bacteria, “while others are made of ...
-
News briefs
Head is about to buy Zoggs
Head is in advanced discussions for a takeover of Zoggs International, the leading U.K.-based brand of swim goggles, says an insider, commenting on a report in Sky News, stressing that the transaction is not yet completed. Mark Hammersley, the former president of Speedo International who has been running the brand ...
-
News briefs
Sqairz partners with Nick Faldo
Sqairz, the young specialist in golf footwear from New England, has announced a long-term partnership with Sir Nick Faldo, the iconic English golfer. Faldo is also investing in the company, which was founded last January by Bob Winskowicz, an industry veteran who previously worked with MacGregor Golf and The Arnold ...
-
News briefs
Specialized will have a new French head office
Construction of a new 2,250-square-meter facility for Specialized France has been launched in Valence, in southeast France, in the Parc d’Activité de la Lautagne. According to reports in sport-guide.com, the facility is scheduled for inauguration in January 2021. The historic headquarters of Specialized France at Charmes-sur-Rhône, near Valence, was destroyed ...
-
News briefs
Standard launches sustainable snow sock
Standard, the Australian sock company, has launched a sustainable technical sock for skiing and snowboarding. These socks use a yarn that is produced in Spain by Hilaturas Ferre, specialized in the production of colored yarns and threads from recycled cotton fibers. The socks are made in Portugal. The ”Woods” sock ...
-
News briefsFitbit introduces suite to detect asymptomatic Covid-19 infection
Fitbit is introducing a new package of products, called Ready for Work, that combines the tracking of vital signs with a number of other services. According to a press release, the purpose is to help employees check their state of health to determine whether they should go to work or ...
-
News briefs
Smith introduces new commissions and rebates in N. America
To give its retailers a shot in the arm after the economic slowdown of the Covid-19 pandemic, Smith Optics is investing $300,000 into sales incentive program in North America called “Committed to Retail.” From June 9 to Sept. 7, the helmet and eyewear brand owned by the Safilo Group will ...
