All News briefs articles – Page 93
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News briefsCastore opens a new concept store in Dublin
Castore has unveiled its new flagship concept store on Grafton Street in Dublin. Spreading over 157 square meters on two floors, the store features the brand’s own products, including the Light Collection and the new Reiss x Castore SS24 collaboration. Shoppers can purchase teamwear from Leinster, FAI, McLaren and Red ...
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News briefsFigures for the 2024 Winter Youth Olympic Games
The fourth edition of the Winter Youth Olympic Games, which was held in Gangwon, South Korea, from Jan. 19 to Feb. 1, attracted more than 270,000 spectators, who could attend the Games as well as an extensive program of cultural and interactive sports activities, on offer through the “Let’s Play ...
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News briefsAdidas forms strategic partnership with Sela
Adidas has forged a strategic partnership with Sela, an events company owned by Saudi Arabia’s state-owned investment group, the Private Equity Fund (PIF). The aim is for the two entities to collaborate to expand both business and sports participation. Ibrahim Mohtaseb, Sela’s senior vice president, expresses confidence that this partnership ...
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News briefsUnder Armour appoints new managing director of EMEA
Under Armour has appointed Kevin Ross as the new Managing Director of Europe, the Middle East, and Africa (EMEA). In his new role, Ross is tasked with developing and executing a regional omnichannel growth strategy and delivering on-brand consumer experiences. The brand aims to achieve sustainable, highly profitable growth in ...
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News briefsAmer Sports raises $1.365 billion in NYSE IPO
Amer Sports, the parent company of Arc’teryx, Salomon, Wilson and other brands, raised $1.365 billion in its IPO on the NYSE through the sale of 105 million shares, 24 percent below the $1.8 billion the company had originally planned to raise. Nonetheless, yesterday’s IPO valued Anta Sports at $6.5 billion, ...
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News briefsLululemon to offer men’s shoes
Lululemon has unveiled its 2024 spring and summer footwear lineup, marking its first-ever men’s collection. The brand introduces a casual sneaker called Cityverse as its inaugural offering in the men’s category. Additionally, the brand has introduced new running models, with two shoes set to launch in March and May. This ...
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News briefsFormer MLS star Mike Magee joins Lotto
WHP Global, the owner of Italian footwear and sportswear brand Lotto, has appointed former Major League Soccer star Mike Magee as its inaugural Head of Talent for its US soccer division. Magee, who spent 13 years in the MLS and has been a part of teams such as NY Red ...
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News briefsUgg creates new styles with old fabrics
California-based lifestyle brand Ugg has unveiled their latest innovation, dubbed ReImagined by Ugg. The offering includes new shoes crafted from leftover leather and suede. The collection introduces a fresh twist on the company’s classic models while also addressing the surplus materials accumulated from previous seasons. With this new iteration of ...
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News briefsBullpadel victorious in commercial court
Spain’s Provincial Court of Murcia has confirmed the sentence of the same province’s Third Commercial Court against Team Sport DM S.L., the company behind the e-commerce websites padeliberico.es and padelman.net – as Diffusion Sport and others have reported. Bullpadel brought suit against Team Sport for an apparent bait-and-switch operation. As ...
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News briefsShopify’s AI-powered updates boost merchant productivity
E-commerce giant Shopify unveiled over 100 updates in its Winter ’24 Edition, a biannual showcase of the latest products and innovations to significantly boost merchant productivity and creativity. Among the highlights is the introduction of Semantic Search, an AI-powered storefront search feature developed in response to evolving customer search behaviors. ...
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News briefsJD Sports halts compensation, sparks retail bankruptcy
The parent company JD Sports Fashion Plc made the decision to cease compensating the losses of Sports Unlimited Retail in November 2023. As a result, Sports Unlimited Retail filed for bankruptcy. JD Sports, the parent company of Aktiesport, Perry Sport and Sprinter shops in the Netherlands, has been experiencing significant ...
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News briefsRip Curl faces backlash over transgender athlete in campaign
Rip Curl has come under fire after featuring a transgender athlete in a recently launched marketing campaign. The company, a subsidiary of New Zealand-based KMD Brands, showcased professional longboarder Sasha Jane Lowerson on its social media platforms. This move prompted criticism from some athletes and consumers, who called for a ...
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News briefsConnexa raises $16.5 million, regains compliance with Nasdaq minimum equity rule
Nasdaq has confirmed that Connexa Sports Technologies, the parent company of Slinger Bag, has again met Nasdaq’s minimum equity requirements with three non-US companies investing $16.5 million in the company, whereby Connexa sold 2,330,200 shares and warrants for an additional 25,169,800 shares. The investments came from Hong Kong-based Andy and ...
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News briefsFanatics strengthens C-suite of Commerce division
Fanatics, the Florida-based licensed apparel and collectibles company, has appointed three new executives to lead its Commerce division, which is responsible for the design, manufacture and sale of fan merchandise. Stephen Dowling joins the company as President, International, and will be responsible for growing the Fanatics Commerce business outside of ...
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News briefsCoupang completes acquisition of Farfetch
Coupang, Inc. announced on Jan. 31 that it has completed the acquisition of the assets of global online luxury company Farfetch Holdings plc. With access to $500 million in capital, this acquisition enables Farfetch to continue providing its renowned services to its brand and boutique partners and more than four ...
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News briefsTom Brady now No. 2 shareholder in Nobull
Tom Brady’s professional career as an NFL quarterback may be over, but the world-renowned star remains active in retirement. According to a recent press release, his three companies—TB12 nutrition brand, Brady Brand apparel, and performance training company Nobull—have merged. This move aims to transform Nobull into a “complete wellness company.” ...
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News briefsSIA appoints industry leaders to board
Snowsports Industries America (SIA) announced today the appointment of Rachel Grogan-Cook as the new Chair of the SIA Board of Directors. In addition to Grogan-Cook, four new Directors have been appointed. SIA aims to balance the priorities of serving as a catalyst for solving industry challenges and creating opportunities for ...
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News briefsGolf management software emerges in Spain
Golfmanager, the company behind an eponymous golf-course management system, expects to generate €2 million in revenues this year, according to Palco23. At the moment, it is breaking even overall, even if operating in the red for periods during the financial year, and its founders’ philosophy is to reinvest profits. The ...
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News briefsSweaty Betty welcomes Kerry Williams, CMO
Women’s activewear brand Sweaty Betty has appointed Kerry Williams as Chief Marketing Officer. Williams joins from Myzone Group, where she also served as CMO. Prior to that, she held the same role at Gymspin / Herd Brands, and her resume also includes over ten years at Nike in various positions. ...
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News briefsFrasers Group acquires WIT Fitness
Frasers Group, the owner of Sports Direct and House of Fraser, has purchased gym and fitness wear specialist WIT Fitness. The retail group has acquired the assets and intellectual property of the London-based sports performance brand. Frasers Group is majority-owned by British retail tycoon Mike Ashley. WIT Fitness is best ...
