News Briefs – Page 106
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News briefsKappa partners with the iconic 24 Hours of Le Mans
Italian sportswear brand Kappa has unveiled a new partnership with the Automobile Club de l’Ouest (ACO), the French organizers of the iconic 24 Hours of Le Mans. The new three-year deal, starting in 2024, will see Kappa as the Official Sportswear Dresser of the event. The contract was negotiated by ...
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News briefsMacron welcomed partners from four continents at its Club&Federation Meeting
Italian sportswear firm Macron welcomed executives, club managers and coaches from national and international partner federations to its Macron Club&Federation Meeting 2023. The event was held on Nov. 13 and 14 at the Macron headquarters in Valsamoggia, near Bologna. It gathered together 129 guests from 69 clubs and federations coming ...
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News briefsDecathlon acquires Bergfreunde from Backcountry
Bergfreunde GmbH, the German online specialist retailer for mountain sports, climbing and outdoor equipment, has a new strategic partner: French sporting goods manufacturer and retailer Decathlon is acquiring the German company from US outdoor retailer Backcountry. The purchase agreement was signed on Nov. 24, 2023. The transaction is still pending ...
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News briefsNorwegian Supreme Court rejects appeal: Rottefella wins patent dispute
Source: Rottefella Torstein Myklebostad, CEO of Rottefella After Rottefella was victorious last summer in a patent lawsuit against Amer Sports and its Salomon and Atomic brands, the Norwegian Supreme Court has now rejected Amer’s appeal, bringing the long-standing patent dispute over an adjustable cross-country ski binding system ...
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News briefsANWR launches new sports and outdoor trade show format
The German footwear buying group ANWR has launched a new trade show format focusing on the sports and outdoor footwear segment. The new ANWR Order Lifestyle-Sport & Outdoor show will be held on Dec. 12 and 13, 2023, in ANWR’s Mainhausen Campus, near Darmstadt. So far, around 50 exhibitors have ...
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News briefsFootway employees and board members acquire significant stake in the company
Shortly after the company submitted a preliminary reorganization plan to its creditors at the beginning of November, Swedish Footway Group AB has announced that key employees and board members, together with investors, have acquired a significant portion of the company’s shares. The transaction comprises a total of approximately 8.8 million ...
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News briefsHeiQ welcomes new Non-Executive Director from Lenzing
Source: HeiQ Robert van de Kerkhof Robert van de Kerkhof will join the Board of Directors of HeiQ plc as a Non-Executive Director with effect from Jan. 1, 2024. He will also become Chairman of the Environmental, Occupation, Health & Safety and Sustainability Committee and join the ...
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News briefsMunich opens its largest flagship in central Madrid
Spanish sneaker brand Munich is opening a new flagship store at Calle de Fuencarral 5, in the premises previously occupied by a Mr Wonderful stationery shop. Calle de Fuencarral is one of Spain’s capital’s main shopping destinations and tourist areas. The new store will be the largest in Munich’s retail ...
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News briefsIOC president meets with UN secretary-general
The president of the International Olympic Committee (IOC), Thomas Bach, met with the United Nations (UN) secretary-general António Guterres on Nov. 20 before presenting the Olympic Truce draft resolution to the UN. The two leaders discussed the current issues in the world’s geopolitical situation, and both stressed the contribution of ...
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News briefsFrench business network Medef appoints a co-President for its Paris 2024 committee
Medef (Mouvement des Entreprises de France), the leading network of entrepreneurs in the country, has appointed Fabien Gilot as co-president of the organization’s committee for the Paris 2024 Olympics. Gilot will join forces with Dominique Carlac’h, who was already at the committee’s helm and will now share responsibilities with him. ...
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News briefsPolygiene introduces new plant-based StayFreshBIO
The Polygiene Group will launch a plant-based antimicrobial technology for the textile market at ISPO Munich 2023. The technology is based on a 100 percent bio-based active ingredient derived from plant substances. It complements Polygiene’s current silver-based solution and is in line with the movement in certain regions looking for ...
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News briefsCircle Sportswear raises €4m in latest funding round
Circle Sportswear, the French start-up that uses recycled resources to produce new technical garments that are themselves recyclable, has raised €4 million in a Series A funding round. The investment is led by French positive impact investment firm Alter Equity, alongside its historical shareholders and Thierry Peuchot, former marketing director ...
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News briefsBasketball Revolution rebrands as Basketball Emotion, opens first store in Madrid
Basketball Revolution, which Fútbol Emotion acquired in March, is now rebranding as Basketball Emotion starting Dec. 1. Alongside the rebranding, the chain will be opening its first Basketball Revolution store, also on Dec. 1. The new 600-sqm store will be located at the MegaPark shopping mall in San Sebastian de ...
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News briefsEssilorLuxottica secures Moncler eyewear license
EssilorLuxottica and Moncler have announced the signature of an exclusive licensing agreement for the design, production and global distribution of Moncler-branded eyewear, including eyeglasses and sunglasses. The agreement will be in effect from January 2024 until December 2028 with an automatic renewal option for five more years, and the first ...
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News briefsA pivotal year for Fútbol Emotion
Fútbol Emotion might achieve the record €85 million in annual sales that it forecast at the close of the first quarter of this year. However, its latest forecast hedges the bet, shaving off €1 to €2 million – all of this according to CMDsport. Even €83 million, though, would amount ...
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News briefsChina Dongxiang results impaired by investments
China Dongxiang, which distributes the Kappa brand in Greater China and has been a publicly traded company since 2007, reported a net loss of 410 million yuan renminbi (€52.7m) for the six months ended Sep. 30. Excluding its investment segment, operating profit was RMB 75 million (€9.6m). Year-over-year revenues were ...
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News briefsPower outage costs TGL a stroke
TGL, the new golf league we reported on about a week ago, finds itself in the rough. The league was set to make its debut this coming January with some serious pros in on its six teams, but a power outage has collapsed an air-supported dome on its playing grounds, ...
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News briefseBay supports voluntary offer to acquire Adevinta
eBay has announced its support for the voluntary tender offer led by Permira and Blackstone for all publicly traded shares of Adevinta, a publicly traded Norwegian company and the world’s largest operator of online classifieds portals. Under the terms of the transaction, eBay would sell 50 percent of its shares ...
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News briefsPuma appoints new GM for Japanese business
Source: Puma Ryokusai Inoue Puma has appointed Ryokusai Inoue as the new General Manager of Puma Japan with immediate effect. He will report directly to Germany-based Puma CEO Arne Freundt. Inoue joined the company in 2015 as Director of Retail. In this position, he shaped the success ...
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News briefsUnder Armour opens its first London outlet store at The O2
Under Armour will be opening a 370-sqm unit at Outlet Shopping at The O2 in London in early December. Outlet Shopping at The O2 is owned and operated by Waterfront Limited Partnership, a joint venture between AEG and Crosstree Real Estate Partners. The new store will be Under Armour’s 12th ...
