News Briefs
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News briefs
Perfect Moment reports Q3 results
London-based luxury lifestyle brand Perfect Moment, which completed a NYSE IPO on Feb. 8, reported a 69 percent drop in operating income to $728,000 from $2.32 million for the period ended Dec. 31. Year-over-year net income fell by 63 percent to $1.2 million from $3.27 million. Total revenues declined by ...
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News briefs
Alibaba logistics unit Cainiao drops IPO plans
Alibaba announced that its logistics subsidiary Cainiao Smart Logistics Network Limited has withdrawn its initial public offering and listing application on the Hong Kong stock exchange. The Chinese online retailer plans to offer minority shareholders of Cainiao, including employees, the possibility to sell all their shares for $0.62 per share, ...
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News briefs
Puma unveils 2024 national team kits with sustainability at the core
Source: Puma Puma has launched its latest National Team Home and Away kits for 2024, showcasing designs that pay homage to each nation’s heritage. The Authentic versions boast Puma’s Ultraweave technology, while the replica jerseys are crafted using Puma’s Re:Fibre recycling innovation. Re:Fibre represents Puma’s commitment to ...
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News briefs
Decathlon partners with Blue Light Card to offer discount to frontline workers
Decathlon is extending its support to frontline workers by offering a special discount through the Blue Light Card program, providing valuable savings on a range of essential products. The sports retailer is offering a 10 percent discount on a carefully selected assortment of items to NHS, social care, ambulance, police, ...
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News briefs
Canada Goose to reduce corporate roles at its head office
Canada Goose is planning to cut about 17 percent of its global corporate roles in a cost-cutting push. The layoffs are set to involve about 156 jobs at its corporate headquarters, according to Reuters. Between April 2021 and April 2023, the company nearly doubled the number of employees at its ...
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News briefs
Golf Ireland announces new sustainability plan
Golf Ireland, the governing body for golf in Ireland, has launched its Sustainability Action Plan “Drive the Green” for 2024 to 2027. Golf Ireland assists the 379 affiliated golf clubs cross the country on their sustainability journey, both on and off the golf course. The new action plan is designed ...
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News briefs
Former Levi’s president Jennifer Sey launches XX-XY Athletics
Jennifer Sey, the former Levi’s Global Brand President, is launching her own direct-to-consumer athletic apparel brand, XX-XY Athletics. The new brand is meant to offer premium casual athletic clothing while also focusing on a message that recommends “being brave, telling the truth, and protecting women’s sports.” No athletic or fitness ...
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News briefs
Mike Ashley sues Newcastle United over replica shirts for 2024/2025
Mike Ashley, the founder of Sports Direct, is suing Newcastle United over next season’s kit. Ashley owned the football club for 14 years, between 2007 and 2021. He has taken legal action against the club for “stopping his Sports Direct empire from selling their replica shirts” in favor of rival ...
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News briefs
Nike teams up with Fortnite for Air Max Day celebration
Nike and the video game Fortnite have teamed up once again, unveiling their latest collaboration as part of the “Air Max Day” festivities. Tuesday night marked the debut of the Airphoria Vol. 2 map within the gaming universe, showcasing Nike’s Dynamic Air technology featured in the new Nike Air Max ...
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News briefs
Puma pairs with anime
Puma has struck a licensing deal with an anime series, One Piece, and thus presumably with some combination of the Japanese manga artist Eiichiro Oda, the Japanese publishing company Shueisha and the Japanese animation studio Toei Animation, part of the Toei Company. One Piece was recently adapted for live action ...
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News briefs
On sets sail: Partnering with Alinghi Red Bull Racing
Introducing Cloudregatta, engineered for the open sea.
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News briefs
Revelyst acquires PinSeeker
Revelyst, the outdoor product segment of Vista Outdoor Inc. that will become a stand-alone public company later this year, has finalized its acquisition of PinSeeker, a leading simulator off-course golf and connectivity app previously under the Wasserman portfolio. “The PinSeeker team is thrilled to begin our next chapter as part ...
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News briefs
Jordan Brand’s World Of Flight opens in Beijing, unveiling exclusive collection
Source: Jordan Brand Jordan Brand’s World Of Flight retail concept has landed in China, marking its inaugural debut in Beijing’s Sanlitun district. This new location will serve as the exclusive launch site for the ”Jordan Wings” collection, initially introduced in March and available solely in the Greater ...
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News briefs
Authentic Brands Group nearing deal for Boardriders brands in Europe
Authentic Brands Group is on the verge of finalizing a partnership deal for the Boardriders brands in Europe.
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News briefs
Lululemon opens up store in Stockholm
Canadian yoga and fitness brand Lululemon is set to open its doors at a new store on Biblioteksgatan 9 in Stockholm – in a property that has been rebuilt after a fire in 2017. “We are thrilled to welcome Lululemon to our rebuilt property in Bibliotekstan. The brand will bring ...
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News briefs
Illegal profits from forced labor rose 37% since 2014, ILO report finds
Forced labor in the private economy generates US$236 billion in illegal profits per year, according to a new study from the International Labour Organization (ILO). The total amount of illegal profits from forced labor has risen by 37 percent since 2014, fueled by a growth in the number of people ...
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News briefs
Strong B2B growth, product mix fuel growth for Technogym
Bolstered by double-digit sales increases across all segments of its B2B (commercial) business, Technogym reported record FY23 revenues of €808 million, up 12 percent year-over-year, and record adjusted Ebitda to €152 million for the 12 months ended Dec. 31. Annual operating income grew more than 17 percent to €97.4 million ...
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News briefs
Lenzing announces concept to support sustainable glacier protection
The Lenzing Group has announced an innovative concept that is meant to contribute to the sustainable protection of our glaciers while inspiring a circular economy in the nonwovens and textile value chain. Geotextiles are used to protect ice and snow from melting due to global warming. However, the nonwovens ...
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News briefs
Puma unveils Jamaican Olympic kits
Puma has unveiled the Jamaican Olympic Association kits at the ISSA Boys & Girls Championships in Kingston, Jamaica. “In their truest form, these kits are an expression of speed. Speed has always been Puma’s vantage point. It is what enables us to see the game differently, challenge convention, and create ...
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News briefs
Allbirds announces new international distribution deals
Global lifestyle brand Allbirds has announced definitive agreements with distributors in the Gulf Countries and Southeast Asia. Alyasra Fashion will be the exclusive Allbirds distributor in the Gulf countries while The Primer Group of Companies will distribute Allbirds’s products across Malaysia, Singapore, Indonesia and the Philippines. Alyasra Fashion is a ...