All News briefs articles – Page 642
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News briefs
The renmimbi has lost about 3 percent of its value...
The renmimbi has lost about 3 percent of its value since the People's Bank of China announced a 1.9 percent devaluation against the strong U.S. dollar on Aug. 11, followed by the establishment of a more flexible system to guide the rate from one day to the next. The develuation, ...
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News briefs
Dalian Wanda Group Co. has agreed to acquire full ownership...
Dalian Wanda Group Co. has agreed to acquire full ownership of the World Triathlon Corporation (WTC), which owns the Ironman brand and races, for $650 million. The takeover is reportedly going to make Dalian Wanda the world's biggest operator in the sports business. It already organizes many sports events and ...
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News briefs
Fusalp, the French skiwear brand acquired by Philippe and Sophie...
Fusalp, the French skiwear brand acquired by Philippe and Sophie Lacoste 18 months ago, will open its first boutique next month at 8 rue des Blancs-Manteaux, in the Marais district of Paris. It will also have a space in three Seibu department stores in Japan, the NK department store in ...
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News briefs
After announcing the acquisition of Camelbak and Jimmy Sykes, which...
After announcing the acquisition of Camelbak and Jimmy Sykes, which has already been completed, Vista Outdoor improved its sales forecast for the present financial year, predicting low single-digit growth to a range of $2.17 billion to $2.24 billion. However, implied operating margins before amortization (Ebitda) should reach the lower end ...
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News briefs
Adidas has completed the purchase of a new warehouse outside...
Adidas has completed the purchase of a new warehouse outside Moscow at a price estimated by local sources at between $70 million and $100 million. Located in a warehousing complex where it has been renting more than 65,000 square meters of space since 2012, the new warehouse is nearly double ...
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News briefs
Adidas is testing different workplace concepts at its headquarters in...
Adidas is testing different workplace concepts at its headquarters in Herzogenaurach in a new office building named “Pitch,” where 300 of its brand management employees were moved at the beginning of the month. The new office space does not embody any finished concept but is the flexible beta version of ...
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News briefs
Adidas and Manchester United have declared that the launch of...
Adidas and Manchester United have declared that the launch of the team's new kit has been the most successful in both the club and the brand's history. The German sporting goods giant replaced Nike as the team's kit supplier on Aug. 1, after signing a ten-year, $1.28 billion partnership deal ...
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News briefs
Adidas has agreed a three-year partnership deal with the Chinese...
Adidas has agreed a three-year partnership deal with the Chinese education ministry to support the growth of football at grassroots level across the country. The program will involve 20,000 primary and middle schools and train 50,000 teachers. Adidas will also fund summer football camps for more than 400 students. The ...
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News briefs
Only three weeks after suing Sears over a similar issue,...
Only three weeks after suing Sears over a similar issue, Adidas has filed suit against Forever 21 and Central Mills in the Portland, Oregon federal court, asking it to prevent the U.S. fast-fashion chain from marketing and selling apparel bearing “either identical or confusingly similar imitations” of its three-stripes trademark. ...
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News briefs
After announcing the sale of Camelbak to Vista Outdoor (see...
After announcing the sale of Camelbak to Vista Outdoor (see our previous issue), Compass Diversified Holdings (Codi) reported a net profit of $24,457,000 for the second quarter, more than four times the $5,719,000 profit of the year-ago period, on 6 percent higher revenues of $284.7 million. The main factor was ...
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News briefs
Perry Ellis has signed a license agreement with Tiendas por...
Perry Ellis has signed a license agreement with Tiendas por Departamento Ripley in Peru for Gotcha, its skate and surf apparel brand. Gotcha is currently available in Ripley's 27 stores in Peru. Through the new license, plans for the brand now envisage further expansion in Peru as well as expansion ...
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News briefs
Puma has launched its second “Forever Faster” campaign ahead of...
Puma has launched its second “Forever Faster” campaign ahead of the current World Athletic Championships in Beijing. The international multi-media campaign focuses on training. It utilizes endorsing athletes like Usain Bolt and Sergio Aguero as well as the Cuban boxing team, the Arsenal football club and Rihanna to support the ...
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News briefs
We have already reported on the sale of Backcountry.com by...
We have already reported on the sale of Backcountry.com by Liberty Interactive Corp. to an investment firm, TSG Consumer Partners (Compass no. 8-12+13 of July 13). Liberty has now disclosed that it made a gain of $105 million on the transaction, which gave Backcounty.com a valuation of 11 times projected ...
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News briefs
Deuter has finalized the roster of its “brand ambassadors” for...
Deuter has finalized the roster of its “brand ambassadors” for the 2015/16 marketing season. Mirroring the variety of the company's backpack users, the 21 members of the team are hikers, mountain bike racers, skiers and other outdoor enthusiasts. They will share their travels and outdoor adventures on Deuter's informative and ...
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News briefs
The turnover of Li & Fung declined by one percent...
The turnover of Li & Fung declined by one percent to $8.63 billion in the first half, reflecting macroeconomic conditions. It remained flat in the U.S. and fell by 13 percent in Europe. It grew by 14 percent in Asia but dropped by 9 percent in the rest of the ...
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News briefs
Protest has appointed Anjet Wesselink as head of marketing, replacing...
Protest has appointed Anjet Wesselink as head of marketing, replacing Martijn Jegerings who has moved to Switzerland. She will report to Wesley van Wijnbergen, sales and marketing director of the Dutch-based action sports apparel company. Wesselink has been organizing big snow and surf events. She worked most recently at a ...
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News briefs
Kempa, the handball and volleyball brand of Uhlsport, has announced...
Kempa, the handball and volleyball brand of Uhlsport, has announced two new sports marketing contracts. It has signed up Martin Ströbel, a member of the Germany's national handball team who plays for the Balingen-Weilstetten club. It has also signed a two-year partnership with the United Volleys club, in combination with ...
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News briefs
The board of another fast-growing U.S. company, Skechers USA, has...
The board of another fast-growing U.S. company, Skechers USA, has decided to implement a three-for-one stock split on Oct. 15, subject to shareholders' approval at its annual meeting on Sept. 24. The price of its shares nearly tripled in the past 12 months. At its stock market close of $142.73 ...
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News briefs
SportScheck has appointed a new member of the executive board,...
SportScheck has appointed a new member of the executive board, Lars Schöneweiss, who will take care of finance, controlling, IT, logistics and human resources from October. He will replace Guido Jaenisch, who is leaving the company at the end of this month. The 46-year-old manager has worked recently in similar ...
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News briefs
Wolverine Worldwide has appointed John Coe as managing director of...
Wolverine Worldwide has appointed John Coe as managing director of its London-based subsidiary, taking the place of Dan LeVesconte, to “drive continued growth” for its brands in the region. As general manager of Chaco since March 2011, Coe has been running Wolverine's fastest-growing brand. He gained international experience as president ...
