News Briefs – Page 117
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News briefs"Crocs but tall": Now offering cowboy boots
Source: Crocs Crocs has kicked off “Croctober” with month-long festivities dedicated to the passionate, universal fan base proudly known as “Croc Nation.” This Croctober will feature one of the most requested Crocs footwear designs in the brand’s history – the Crocs Classic Cowboy Boot. “For years, the ...
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News briefsPuma expects double-digit growth in China
Puma’s CEO Arne Freundt told German business magazine Euro am Sonntag last week that his company plans to grow strongly in China: „We see a gradual improvement in the market environment, and we expect to be able to return to double-digit growth as early as this year.” He also expressed ...
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News briefsSaaS provider Scnd receives €4 million in funding
Scnd, a Paris-based provider of a SaaS solution for e-commerce services, announced a €4 million funding round backed by investors including 42Cap and Partech. Led by Anthoni Noyon, CEO, Thomas Weyand, Chief Revenue Officer, and Sam Schneider, Chief Technical Officer, Scnd has developed a white label solution that allows companies ...
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News briefsPuma enters fashion footwear collab
Source: Puma Puma x Coperni Puma has formed a new creative partnership with Coperni, a ready-to-wear and accessories brand hailing from Paris. It is the second-ever collaborator from the fashion space to create an original footwear design with the German sporting goods company. The partnership is set ...
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News briefsJD’s new CFO in office
As announced earlier this year, Neil Greenhalgh, Group CFO since 2018, has left JD Group. Dominic Platt took over the position on Oct. 4, 2023. Platt was most recently CFO of BGL Group, one of the UK’s leading digital distributors of financial services and owner of Compare the Market. He ...
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News briefsBata India launches athleisure clothing line
Bata India is entering the athleisure clothing market by launching Power Acti-Wear, a new clothing range, part of its wider “Power” portfolio of products. The new versatile line comprises a range of T-shirts as well as shorts and tracks, featuring technologies like Qik-Dry, Acti-Vent, Acti-Stretch and Feather ...
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News briefsRidestore breaks billion SEK mark
According to a report on ehandel.se, Gothenburg-based e-tailer Ridestore will close the 2022/2023 fiscal year, which runs until the end of March, stronger than ever, already reporting net sales of 1.16 billion Swedish kroner (€99.91m). Operating profit is SEK 353.2 million (€30.42m). The company says the strong Euro had a ...
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News briefsFrasers Group submits plans for new HQ
According to Retail Gazette, U.K. retailer Frasers Group has submitted a planning application to establish a new global headquarters at Ansty in Rugby, Warwickshire. The move is intended to support its growth ambitions, the retail group said. The campus is expected to include a logistics area, offices, R&D retail, a ...
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News briefsANWR and SABU postpone joint trade shows
After the original announcement of a trade show cooperation between the Mainhausen-based Ariston-Nord-West-Ring Schuh GmbH (ANWR) and Heilbronn-based SABU Schuh & Marketing GmbH, the two German footwear trade groups have now decided to organize the order shows in the old rhythm for the time being. ANWR supplements the trade show ...
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News briefsWintersteiger presents new products and services for skiing
Source: Wintersteiger Daniel Steininger, Managing Director of Wintersteiger Sports GmbH Wintersteiger was founded as a mechanical engineering company in Obernberg am Inn exactly 70 years ago. In addition to the sports business, the Austrian company has also been very successful in serving customers in the areas of ...
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News briefsTexhibition attracts record number of visitors
The fourth edition of the Texhibition trade show, held at the Istanbul Expo Centre on Sept. 13-15, attracted more than 20,000 visitors from 112 countries, representing a 10 percent increase compared to the previous edition in March. International visitors were 4,091, a 44 percent increase from the latest edition. The ...
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News briefsSuperdry transfers IP for South Asia to joint venture with Indian retailer
India’s largest retailer, Reliance Brands Limited (RBL), through its wholly-owned subsidiary in the UK (RBUK), signed a definitive agreement to form a joint venture with British fashion brand Superdry PLC to acquire its intellectual property for the territories of India, Sri Lanka and Bangladesh, the company said in a statement. ...
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News briefsLululemon will reportedly cut 120 jobs amid Peloton partnership
Lululemon is reportedly undergoing a round of cuts after its new partnership with Peloton. According to reports by Footwear News and Forbes, Lululemon will lay off 120 workers who support its Lululemon Studio. Lululemon acquired Mirror, a home fitness start-up selling a wall-mounted device for workout classes, in 2020. Two ...
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News briefsAthletico Ventures launches its first collective investment vehicle
Athletico Ventures, a London-based venture capital firm, has announced the formation of Athletico Ventures Collective#1, its first collective investment vehicle. More than 40 elite athletes from various sports, technology figures, corporate executives and investors are involved in the collective. The list includes renowned names like French footballer and World Cup ...
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News briefsDecathlon and NBA announce extended merchandise partnership
Decathlon and the National Basketball Association (NBA) have announced a multiyear expansion to their existing merchandising partnership, encompassing a more comprehensive offering of officially licensed NBA products in Africa, Asia, Europe, the Middle East and Latin America. Decathlon was named official NBA licensee in January 2021. The sporting goods retailer ...
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News briefsFanatics brings US collegiate fan merchandise to Europe
US apparel and collectibles powerhouse Fanatics has entered into a long-term agreement with Collegiate Licensing Company (CLC) to sell licensed fan merchandise in international markets. Fanatics will offer a wide range of products in the UK and beyond, including lifestyle apparel, hard goods and accessories. Under the agreement, Fanatics will ...
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News briefsBurton partners with HDry
According to Outdoor Retailer’s The Daily, Burton Snowboards has entered into a new partnership with HDry focused on expanding and advancing HDry’s direct 3D membrane lamination technology for waterproofing outdoor products. The HDry membrane is 100 percent PFAS-free and is manufactured without PTFE. It is also Oeko-Tex Standard 100 certified ...
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News briefsVuori plans IPO
California-based activewear brand Vuori, founded in 2015, is in talks with investment banks to prepare for an initial public offering next year, according to Bloomberg, citing sources familiar with the matter. Vuori’s recent $400 million investment from Softbank in October 2021 valued the company at $4 billion. According to the ...
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News briefsReorganization of ANWR's Executive Board completed
Matthias Grevener has left the Executive Board of the German ANWR Group eG on Sept. 30, 2023, after a total of 17 years and as the longest-serving member of the Board. He also resigned all his mandates within the ANWR Group of companies but will continue to be available to ...
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News briefsNew Balance phases out kangaroo leather
Just months after Nike and Puma’s announcements, New Balance has informed the Center for a Humane Economy that the company will also phase out its use of kangaroo hides and stop selling kangaroo-based shoes by December 2024. Kangaroo skins are commonly used to make soccer cleats. The Center for a ...
