News Briefs – Page 19
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News briefs
Nike and Stüssy team up on eco-friendly apparel line
Nike and Stüssy have introduced a collaborative capsule collection that comprises a trio of upcycled and insulated garments. The pullover hoodie, skirt and pants in this collection are made from a translucent ripstop fabric that utilizes at least 75 percent recycled nylon from waste products. Furthermore, Thermore EcoDown from recycled ...
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News briefs
Nike and Converse file lawsuit against nearly 600 websites
Nike and its Converse subsidiary have filed the biggest lawsuit of the kind, accusing the 186 operators of 589 websites as well as 676 social media accounts for allegedly infringing on various trademarks and attempting to sell “falsely labeled” counterfeit products under their own brand names and that of Nike’s ...
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Nike invests in crowdfunding platform for minorities
Nike is investing $500,000 in Black Girl Ventures, a crowdfunding platform headquartered in Washington, D.C. that describes itself as funding and scaling “tech-enabled, revenue-generating businesses (under $1M) founded by people who identify as Black/Brown and women.” According to its founder and chief executive, Shelly Bell, Black Girl Ventures will be ...
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Jeff Bezos and Phil Knight made the largest donations in the U.S. in 2020
According to the annual list of top donations in The Chronicle of Philanthropy, Jeff Bezos made the single-largest charitable donation in 2020. The $10 billion gift by the Amazon founder and CEO, which was announced in February, contributed to launch the Bezos Earth Fund, an initiative that is designed to ...
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News briefs
Nike releases final chapter of “You Can’t Stop Us” campaign
Nike launched in March a “You Can’t Stop Us” campaign, which sought to encourage people to train at home during the pandemic. The sports brand has now released the final installment of this year-long campaign by posting a new video under the title “You Can’t Be Stopped.” The spot focuses ...
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News briefs
Kobe Bryant allegedly planned to start a new sneaker brand
Kobe Bryant tragically died at the age of 41 in a helicopter crash in Calabasas, California, along with his daughter Gianna and seven others on Jan. 26, 2020. He had been with Nike for nearly two decades, including the period after his retirement from professional basketball, with a line of ...
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News briefs
Reebok is now thought to become the next shirt supplier of AS Roma
Nike’s ten-year sponsorship deal with AS Roma, which was supposed to end in the 2023/24 season, was prematurely terminated in July 2020. First Under Armour, then New Balance and Castore were announced as candidates to take over from Nike, as reported by SGI Europe on Oct. 12 and Oct. 14. ...
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News briefs
Nike opens flagship store in Barcelona with Italy’s Percassi
Nike has inaugurated a new megastore in Barcelona’s Paseo de Gracia, one of the city’s major avenues and a main shopping and tourist area. Studded with digital features, it provides many options for product customization. The floor is made with some 80 tons of recycled materials, equivalent to 188,000 football ...
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News briefs
Nike launches a new sub-label with Drake
Nike and Drake are launching a collaborative label, called Nocta. The name is a nod to the nocturnal creative process of the 34-year-old Canadian rapper, explained the brand. The collection will comprise a branded puffer jacket in yellow and black colorways, matching sweatpants, as well as logo socks and hoodies. ...
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News briefs
Nike inks multiyear deal with UCLA
Nike and UCLA Athletics have announced a new partnership deal that will make the Jordan brand and Nike the Bruins’ official athletic footwear, apparel and equipment provider beginning on July 1, 2021. The financial details of the agreement were not disclosed, although reports in the Baltimore Business Journal suggest that ...
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News briefs
A new book describes Nike’s design ethos
Nike has announced the release of a book that offers a behind-the-scenes insight into the company’s design philosophy. The 320-page book, described by the brand as a “first-of-its-kind publication,” is entitled Nike: Better is Temporary and is published by Phaidon. The book’s title is drawn from a conversation between the ...
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News briefs
Nike partners with iCoachKids
Nike has announced a new partnership with iCoachKids to support youth coaches. iCoachKids is a global not-for-profit coaching movement that was initiated in 2016. The movement is led by the Leeds Beckett University, the public university in Leeds formerly known as Leeds Metropolitan University, and the International Council for Coaching ...
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News briefs
Sergio Ramos leaves Nike, probably for Adidas
The captain of the Real Madrid football club and the Spanish national football team, Sergio Ramos, has decided not to extend his 10-year deal with Nike. He has now posted a photo on Instagram of him wearing Adidas boots, leading to press speculations that he has signed up with the ...
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News briefs
Nike raises its dividend by 12%
Despite the coronavirus crisis, which has led other companies forego or reduced their dividends to preserve their liquidity, Nike has announced a 12 percent increase in its quarterly dividend to $0.275 per share, payable on Dec. 29 to shareholders of record on Dec. 7. It is the 19th consecutive year ...
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News briefs
Nike, Hydrow make Time magazine’s inventions list
Time magazine has included the Nike Air Zoom Alphafly Next% distance-running sneaker in its list of the ”100 Best Inventions of 2020” under the Fitness category. The Kenyan distance runner Eliud Kipchoge was wearing a variant of the Alphafly when, in September 2018, he became the first human being to ...
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News briefs
The Nike United retail concept goes live
Nike is introducing a new retail concept, called Nike United, at nine locations around the world, including one at East Kilbride in the U.K. The others are in the U.S., China and South Korea. Coming after the Nike House of Innovation, Nike Rise and Nike Live, the new concept is ...
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News briefs
New licensing director for Fanatics from Nike
Eager to continue to expand internationally, Fanatics has appointed a new licensing director, Younes Latayi, to drive its global licensing strategy and to manage its growing international portfolio of partners, maximizing their online and offline offerings. He will be based in Europe, reporting to Vicky Picca, Fanatics’ senior vice president ...
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News briefs
Nike manager switches to Snipes
The Deichmann group has appointed a long-time Nike manager to the new position of European general manager for Snipes, its international chain of sneaker shops. Starting on Nov. 1, he will join Snipes’ founder and chief executive, Sven Voth, and Tim Spickenborn, the chief financial officer, as the third member ...
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News briefs
Adidas tops ranking of culturally relevant brands in sport
The Fan Intelligence Index, a new global study intended to identify the 40 culturally most relevant brands through sport, has placed Adidas at the top of the ranking, which is ”based around a brand’s ability to influence culture through sport.” The Big a was followed by the Jordan brand, the ...
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News briefs
Adidas ranks high in Forbes’ ‘Best Employers’ list
The highest-ranking sports-related company on Forbes’ annual “World’s Best Employers” list this year was Adidas, at number 11, with Nike two slots behind. The next ones down were Puma (47), Decathlon (82), Under Armour (355), Foot Locker (482) and VF Corp. (505). The e-tailers that offer sporting goods for sale ...
