All News briefs articles – Page 645
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News briefs
Amer Sports has announced the acquisition of the main assets...
Amer Sports has announced the acquisition of the main assets of Queenax, a provider of modular, functional fitness training machines based near Teramo, in central Italy. Queenax will be integrated into Precor as a component of Amer's fitness division. The inclusion of functional training, one of the fastest growing segments ...
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News briefs
Adidas is looking for a successor for Jan Brecht, who...
Adidas is looking for a successor for Jan Brecht, who became chief information officer and head of its global supply chain last November, is returning to Daimler in the role of chief information officer. Brecht had already worked for Daimler for 12 years. He joined Adidas as CIO in 2009, ...
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Adidas filed a suit against Sears in the U.S. District...
Adidas filed a suit against Sears in the U.S. District Court of Portland, Oregon on July 28, charging that the two- and four-striped shoes offered by the retailer have been infringing on the Big a's Three-Stripe logo. The lawsuit seeks injunctions, compensation and damages for alleged trademark infringement and dilution, ...
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News briefs
Speedo is the first swimwear company to adopt Econyl nylon...
Speedo is the first swimwear company to adopt Econyl nylon 6, the recycled fabric obtained by Aquafil from post-production fabric scraps through a special regeneration process. The Speedo Powerflex Eco swimwear range developed through this fabric is said to retain its shape up to ten times longer than conventional swimwear ...
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News briefs
Quiksilver has hired an adviser, Peter J. Solomon, to help...
Quiksilver has hired an adviser, Peter J. Solomon, to help obtain additional financing from lenders, says Bloomberg. With its stock trading at around 50 cents a share and a warning by the New York Stock Exchange that it may be delisted, Quiksilver is unlikely to raise additional equity. The company ...
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News briefs
Nike and Apple have agreed to settle a lawsuit brought...
Nike and Apple have agreed to settle a lawsuit brought by consumers around the efficacy of the Nike+FuelBand. The class action lawsuit, which was first brought against Nike and Apple in 2013, alleged that the joint Nike-Apple fitness band was marketed on the basis of misleading claims regarding the band's ...
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News briefs
Patagonia has hired Alex Beasley as its new country manager...
Patagonia has hired Alex Beasley as its new country manager for the U.K. & Ireland. The announcement has come after a series of recent hires and reorganizations as the company continues its restructuring across Europe. Beasley will manage Patagonia's wholesale business and support its retail and e-commerce strategy in the ...
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News briefs
Alibaba, the huge Chinese-based internet company that owns Tmall.com, the...
Alibaba, the huge Chinese-based internet company that owns Tmall.com, the Taobao marketplace and a dozen other operations, has hired a Canadian-born executive, Michael Evans, as president in its bid to expand internationally. He reports to Daniel Zhang, the group's chief executive who succeeded Jonathan Lu in May. His initial task ...
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News briefs
In its first report since going public, Fitbit announced second-quarter...
In its first report since going public, Fitbit announced second-quarter revenues of $400.4 million, more than tripled from $113.6 million. International sales, which grew by 250 percent on an annualized basis, were driven by the Europe, Middle East and Africa region and the Asia-Pacific, up by 301 percent and 292 ...
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News briefs
Pelican International has appointed Marie-Christine Piedboeuf as president, effective Sept....
Pelican International has appointed Marie-Christine Piedboeuf as president, effective Sept. 1. She had been serving as vice-president of operations for several years, after arriving at the company in 2000. Prior to joining the Quebec-based maker of leisure and fishing boats, she worked at Nike Bauer as materials specialist in advanced ...
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News briefs
Under Armour has opened its first Brand House in Thailand....
Under Armour has opened its first Brand House in Thailand. The 200-square-meter shop is a joint venture between UA's local distributor, Triple Private, and a local retailer, Sport Rev. UA already entered the market with an online store in April. The brand has nine other stores in the region, located ...
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News briefs
Asics has just opened its first performance store in France....
Asics has just opened its first performance store in France. The 590-square-meter store, which was inaugurated on July 31, is located in Paris at 6 rue d'Amsterdam, near the Saint Lazare railway station. The shop will sell Asics' complete running collection, sports performance categories including rugby and tennis, and the ...
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News briefs
New Balance and Berkshire Partners have closed the transaction for...
New Balance and Berkshire Partners have closed the transaction for the acquisition of Rockport from the Adidas Group. They have formed a new company, called The Rockport Group, that combines Rockport with the former Drydock Footwear Group, the company formed by New Balance to group its comfort shoe brands: Dunham, ...
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News briefs
Pawan Verma has become the new senior vice president and...
Pawan Verma has become the new senior vice president and chief information officer of the Foot Locker group, succeeding Peter Brown who retired in April after 38 years with the company. Verma comes from Target Corp., where he was most recently in charge of digital and marketing technologies and the ...
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News briefs
In a bid to get more visibility in the U.S....
In a bid to get more visibility in the U.S. market, Adidas is reportedly on the verge of taking over the sponsorship of the New York Marathon from Asics, outbidding New Balance and Brooks with an offer for $100 million over a 10-year period. The Three Stripes has also reportedly ...
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News briefs
Callaway Golf has named Linda Segre to the company's board...
Callaway Golf has named Linda Segre to the company's board of directors. Segre, 55, is executive vice president of chief strategy and people officer at Diamond Foods, a role she took up in March 2014. Segre first joined the San Francisco-based food company in 2009 as senior vice president of ...
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News briefs
JD Sports Fashion has bought The Cuckoo's Nest. This British...
JD Sports Fashion has bought The Cuckoo's Nest. This British men's streetwear brand, best known for its graphic T-shirts, had been put into administration prior to the purchase. No details were given on the reasons for the administration. Lila Thomas and David Acland of Begbies Traynor, an insolvency firm based ...
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News briefs
CORRECTION: Lotto Sport points out that its sales should break...
CORRECTION: Lotto Sport points out that its sales should break out as $3 million in the U.S. and $187 million in the rest of the world in the SGI Athletic Footwear Chart published in our last issue, based on average OECD exchange rates. In terms of euros, its sales amounted ...
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News briefs
Neil Cole resigned last Friday as chairman, chief executive and...
Neil Cole resigned last Friday as chairman, chief executive and president of Iconix Brand Group, parent company of Danskin, Umbro, Ocean Pacific, Candie's and many other brands. The news, which came ahead of today's release of the company financial results, precipitated its share price, which has been under pressure following ...
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News briefs
In the midst of the world swimming championships, which ended...
In the midst of the world swimming championships, which ended in Kazan yesterday, Speedo announced a five-year agreement with Fina, the international swimming federation, to be its exclusive swimwear and swim equipment supplier for its Swimming World Cup until 2019. The first of eight events in the Fina World Cup ...
