All News briefs articles – Page 995
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News briefs
Billabong International has raised 291 million Australian dollars (€166.3m-US$233.6m) from...
Billabong International has raised 291 million Australian dollars (€166.3m-US$233.6m) from institutional and retail investors in a 2-for-11 share deal valuing each share at A$7.50 (€4.29-$5.94). About A$200 million of the proceeds will be used to reduce the company’s total debt level to approximately A$450 million (€257.1m-$356.7m). Faced with poor orders ...
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News briefs
ECCO’s new Biom running shoe, created with the company P2i,...
ECCO’s new Biom running shoe, created with the company P2i, uses ion mask technology for breathability and to repel water. It also says its biomechanical principles stress a natural motion that lets the foot take its preferred path. Ion mask technology, which has been adopted by Hi-Tec as well, is ...
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As part of management reorganization moves launched at the Adidas...
As part of management reorganization moves launched at the Adidas group a few weeks ago, Roland Auschel has taken responsibility of a total of fourteen markets, each presided by one manager. Formerly in charge of Adidas and Reebok in Europe, Auschel was appointed chief sales officer of the Adidas group ...
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News briefs
After signing up Federica Pellegrini, a leading Italian female swimming...
After signing up Federica Pellegrini, a leading Italian female swimming champion previously sponsored by Adidas, Mizuno has signed an endorsement deal for four years with a French champion, Frédérick Bousquet. The two contracts are meant to support Mizuno’s launch of its line of performance swimwear in Europe, starting this year ...
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News briefs
A Chinese company is buying Todd & Duncan, the cashmere...
A Chinese company is buying Todd & Duncan, the cashmere division of the Scottish textile company Dawson International. Ningxia Zhongyin Cashmere Company will pay £6.5 million (€7.7m-$10.6m), the BBC has reported. It will keep on the 200 workers and continue trading under the Todd & Duncan name. Dawson’s chief executive, ...
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News briefs
Raphael Peck, Under Armour’s senior vice president for footwear and...
Raphael Peck, Under Armour’s senior vice president for footwear and an executive director of the company, has left the company. Pending the search for a replacement, Adam Peake, vice president for sales, is filling the footwear position on an interim basis.
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News briefs
Eddie Bauer Holdings has filed for bankruptcy protection, and this...
Eddie Bauer Holdings has filed for bankruptcy protection, and this famous American outdoor apparel supplier and retailer has a deal to sell its assets to an affiliate of CCMP Capital Advisors, a private equity firm that has pledged to pay $202 million cash for the company pending an auction and ...
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Joan Laporta, president of the Barcelona team, has reportedly disclosed...
Joan Laporta, president of the Barcelona team, has reportedly disclosed that it stands to get a performance bonus of $10 million from Nike this year, on top of an annual contractual fee of $30 million, because of its victories in the two national football championships and in the Champions’ League. ...
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News briefs
Paul Smith has continued its collaboration with Burton, which began...
Paul Smith has continued its collaboration with Burton, which began in 2006, co-branding a limited edition of jeans, T-shirts, fleece and coats for its fall/winter 2009-10 snowboard collection. The British fashion designer is also co-branding a line of Oakley sunglasses.
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News briefs
Cristina Castagna, the Italian mountain climber, is being outfitted by...
Cristina Castagna, the Italian mountain climber, is being outfitted by Salewa for her attempts to climb Broad Peak and Gasherbrum, 8,000-plus-meter peaks in the Himalayas. If she succeeds with both, she will have climbed six of the 14 over-8,000s. She will be wearing Salewa’s alpineXtrem PRO collection. Separately, Salewa has ...
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News briefs
Pacific Cycle’s bid to buy Iron Horse Bicycle Company has...
Pacific Cycle’s bid to buy Iron Horse Bicycle Company has been increased to $2.75 million. Based in Nevada, Iron Horse filed for Chapter 11 bankruptcy in April. A bankruptcy judge has set an auction for potential buyers for July 13; Outdoor Cycle Group has bid $2.0 million plus royalties thus ...
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News briefs
Indian Tarifa, a small Spanish brand of surfwear, has reportedly...
Indian Tarifa, a small Spanish brand of surfwear, has reportedly gone into bankruptcy proceedings. It has closed its two mono-brand shops in Tarifa and Malaga and has failed to deliver its spring/summer 2009 collection to 12 other franchised and partner stores.
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News briefs
Textiles Intelligence, the specialist business information company, says that the...
Textiles Intelligence, the specialist business information company, says that the recycling of textiles is going to increase in the wake of a new EU directive. Issued at the end of last year, it singled out textiles as a priority for recycling. The next step is for the European Commission to ...
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News briefs
Exel Composites has started consultations with representatives of its workforce...
Exel Composites has started consultations with representatives of its workforce to negotiate the termination of the contracts of up to 14 salaried employees and 34 non-salaried employees at its Finnish factories. The Mäntyharju factory currently employs 59 people and the other one at Kivara has 132 workers. The Exel Group ...
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News briefs
Head has decided to launch its first line of swimwear...
Head has decided to launch its first line of swimwear and related accessories, starting in late summer with Italy, France, Germany and the U.K. The line has also been adopted by 15 distributors of Head or Mares products. The new project is run by Franco della Corte, Mares’ sales manager ...
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News briefs
Eddie Van Halen, the guitarist for the rock group Van...
Eddie Van Halen, the guitarist for the rock group Van Halen who has his own line of shoes, is suing Nike for copyright infringement over its Dunk Low shoe. His company, ELVH, filed a lawsuit in a federal district court in Los Angeles alleging that the design of some Dunk ...
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News briefs
Reacting to the previously reported slump in its European sales,...
Reacting to the previously reported slump in its European sales, K-Swiss has decided to close down a showroom in Amsterdam and to move its large and expensive London showroom to another location. As reported, it has already closed its office and showroom in Paris and it is understood to be ...
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News briefs
Sports-Contacts, the international German-based online portal for the recruitment of...
Sports-Contacts, the international German-based online portal for the recruitment of distributors and agents, is expanding its operations to Italy, working with Beniamino Bozano and Chiara Gattorno in the country. Bozano, who has more than 20 years of experience in the sports industry, began as an agent for leading sport brands ...
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News briefs
Starting in September, Molten will be the sponsor of the...
Starting in September, Molten will be the sponsor of the Carlton Valley Express Kent Youth Football League for three years. Molten will provide its International Match Ball as the official ball of the league, giving a certain allotment to each team per season as well as providing the balls for ...
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News briefs
Iconix Brand Group has priced the 10 million shares in...
Iconix Brand Group has priced the 10 million shares in its new stock offering at $15 each. The share total includes 800,000 being sold by selling shareholders. The company is expected to realize net proceeds of approximately $131.4 million from the deal, which was to close June 9, and will ...
