News Briefs – Page 108
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News briefsFoot Locker announces new partnership with NBA
The American National Basketball Association (NBA) and Foot Locker have announced a multi-year partnership, making the footwear and apparel retailer an official league marketing partner in the US. The NBA and Foot Locker have a longstanding tradition of celebrating the culture, passion, and excitement of the game, with a partnership ...
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News briefsColumbia Sportswear has new President for Sorel brand
Columbia Sportswear Company has announced a new President for its Sorel brand. Cory Long will be joining the company in December 2023. Source: Columbia Sportswear Cory Long, new President of Sorel Long is a veteran of the footwear and apparel industry, most recently serving as Global ...
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News briefsSkechers ready to “completely vindicate itself” against Nike lawsuit
Skechers has issued a response to the patent suit filed against it by Nike in California federal court on Nov. 6, 2023, saying it will “vigorously defend” itself. Nike is suing Skechers for allegedly violating its Flyknit patents. Flyknit is a lightweight yarn woven into a one-piece shoe upper. A ...
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News briefsBritish brand launches modesty athletic wear range
London based brand Lanuuk, which has previously specialized in modesty swimwear – be it for cultural, religious, medical or body conscious reasons – has launched its first athletic collection. The capsule is designed with modesty and ease of movement in mind, with a focus on creating easy-to-wear styles in flattering ...
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News briefsKMD Brands announces interim CFO solution
Further to the announcement on July 7, 2023 of Chris Kinraid’s resignation as Group Chief Financial Officer, KMD Brands, the New Zealand parent of Oboz, Kathmandu and Rip Curl, has confirmed that Kinraid’s last day with KMD Brands will be Dec 8, 2023. While KMD Brands continues to recruit for ...
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News briefsFamiliar face returns as International Brand President of K-Swiss
Barney Waters is returning to K-Swiss as its new International Brand President. Waters was the former Brand President of K-Swiss from Jan. 2016–July 2021, and served as Chief Marketing Officer prior to that. Waters is returning to K-Swiss after serving as president of Garrett Leight California Optical from July 2021 ...
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News briefsHoudini’s new line encourages consumers to “do more with less”
Houdini’s newly unveiled Fall/Winter 2024 collection once again reinforces its founding principle for doing more with less, and its commitment to circularity. Highlights from the season include the Moonwalk collection – a lightweight, technical hybrid fleece collection – and the expanded Dunfri (Swedish for “down-free”) insulated line. The hybrid construction ...
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News briefsAllied Feather + Down bringing its down apparel to European market
Allied Feather + Down (AF+D) and MN Inter-Fashion – manufacturers of high-performance luxury outerwear – are expanding the availability of Allied Feather + Down outerwear collection into the European market. Source: Allied Feather + Down The Snowfield bulky down jacket in icicle Originally released only in ...
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News briefsNew name for Rentle, expansion into resale
Finnish retail rental specialist Rentle, which lists Decathlon, Rab and Scandinavian Outdoor, amongst others, as customers, has changed its name to Twice Commerce. The name reflects the platform’s expansion from purely rental into resale. There will be no change in the rental platform, but brands can now benefit from the ...
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News briefsNapapijri appoints Christopher Ræburn as Creative Director
Napapijri has appointed British fashion designer Christopher Ræburn as Global Creative Director. In this role, Ræburn will be responsible for making the brand more design-oriented and even more sophisticated, as well as placing great emphasis on responsible materials and innovation. The British designer became Artistic Director at the Swiss company ...
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News briefsSale of Marucci Sports completed
Compass Diversified (CoDi) has completed the previously announced sale of its majority-owned subsidiary, Wheelhouse Holdings, Inc., the parent company of Marucci Sports, LLC, to Fox Factory Holding Corp. The sale price was based on an enterprise value of $572 million, subject to certain working capital and other adjustments. After these ...
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News briefsTiger Woods team rounds out the TGL six
Tiger Woods will be fielding a golf team come January, according to Front Office Sports. Along with David Blitzer, who has stakes in a variety of professional sports clubs in the US and Europe, Woods is founding a franchise – the last of six – in the new TGL league, ...
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News briefsPadel players association complains to the FIP
The Professional Padel Association (PPA) has taken issue with the manner in which the International Padel Federation (FIP) is handling its tournaments. In a press release on its website, the PPA alleges “irregularities” in player draws and in the allotment of points and prize money. For instance, in the recent ...
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News briefsDynastar celebrates 60 years with sustainable Hybrid Core 2.0 ski construction
Dynastar celebrates its 60th anniversary in 2023. The French brand, which is part of the Rossignol Group, has set itself the goal of continuing to lead the way in high-end ski performance while carving a more sustainable path forward for itself and for the ski industry. Part of this strategy ...
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News briefsBowflex reports improved results despite soft sales
The Q2 operating loss at Bowflex, the former Nautilus, was 22 percent less than the year-ago quarter at $11.2 million versus a loss of $14.3 million for the period ended Sep. 30. The loss from continuing operations, meanwhile, shrunk by 18.0 percent to $12.5 million from $15.3 million. Gross margin ...
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News briefsNike announces 9% increase in quarterly dividend
Nike, Inc. announced that its Board of Directors approved a quarterly cash dividend of $0.370 per share on the company’s outstanding Class A and Class B Common Stock. This represents an increase of 9 percent versus the prior quarterly dividend rate of $0.340 per share. The dividend declared today is ...
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News briefsGoPro hires SVP of Engineering
GoPro has appointed Vince Nakayama as Senior Vice President of Engineering, effective immediately. Nakayama will provide strategic leadership for GoPro’s entire engineering organization, including hardware, software and cloud. He has extensive experience in creating value at the intersection of hardware, software and user experience, most recently as Vice President of ...
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News briefsNew polyester textile regeneration company formed
Building on its technology partnership with IBM and Under Armour, Technip Energies, which is listed on Euronext Paris with American depositary receipts, has announced the creation of Reju, a company focused on PET (Polyethylene terephthalate) recycling (rPET) of textiles. The new company’s focus is thus on creating new solutions at ...
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News briefsOn presents apparel collection made from carbon emissions
Source: On Pace Tank The release of the new Pace Collection is a significant moment in Swiss sportswear brand On’s journey to move away from petroleum-based resources after creating a new material called CleanCloud, made using carbon emissions as a raw material. With CleanCloud, On aims to ...
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News briefsNew sustainable Lycra fiber
The Lycra Company announced the launch of the new Lycra FiT400 fiber for knits, which helps set the stage for circularity, a key priority for the company. Lycra’s latest EcoMade offering is a bicomponent fiber engineered to optimize the performance and comfort of knits. According to the company, it delivers ...
