News Briefs – Page 126
-
News briefsBabolat announces multi-year deal extension with Carlos Alcaraz
French brand Babolat has announced a seven-year extension to its contract with tennis star Carlos Alcaraz, which will now continue until at least 2030. The 21-year-old Spanish-born player was recently crowned Wimbledon champion and previously won the US Open in 2022. Alcaraz signed his first contract with Babolat at the ...
-
News briefsNew Lycra brand products to be shown in Shanghai
The Lycra Company, developer of innovative and sustainable fiber and technology solutions for the apparel and textile industry, is showcasing its latest products at Intertextile Shanghai (Aug. 28-30, 2023). The company’s booth will feature three new Lycra brand fibers making their trade show debut. To meet the market’s need for ...
-
News briefsNikwax partners with 686
California-based outdoor, leisure and snowsports brand 686, founded in 1992 by skateboarder, snowboarder and visionary Michael Akira, and Nikwax, the Washington-based manufacturer of technical cleaners and waterproofers for outdoor gear and apparel founded in 1977, have teamed up to reduce waste and keep 686’s gear performing at its best over ...
-
News briefsGympass raises $85 million in equity funding
Corporate wellness platform Gympass has announced that it has raised $85 million in Series F funding, led by EQT Growth, with participation from Neuberger Berman. The funding comes in at what the company has described as “a record year” on the heels of several milestones. Gympass surpassed 15,000 corporate customers ...
-
News briefsLacoste launches first line of women’s underwear
French brand Lacoste has introduced its first line of women’s underwear at the intersection of fashion and sport. The brand launched its first underwear for men back in 1966. The new women’s line comprises four capsules in four styles, dubbed Heritage, Branding, Essential, and Signature. All the 50 pieces in ...
-
News briefsSkechers is suing Laforst Shoes for allegedly copying its slip-in shoe design
Skechers has filed a patent infringement lawsuit accusing California-based Laforst Shoes of copying its slip-in shoe design. Specifically, Skechers is accusing Laforst of infringing on five patents related to its slip-in, hands-free sneakers. The lawsuit was filed on Aug. 17 in the central district of California. In June, Skechers filed ...
-
News briefsNike will finally sell replica shirt worn by England goalkeeper Mary Earps
Nike has announced that it will finally sell replicas of England goalkeeper Mary Earps’ World Cup shirt. The sportswear giant, which is the team’s kit supplier, had been criticized for deciding not to sell goalkeeper shirts, as SGI Europe also reported in July. The company has now “secured limited quantities ...
-
News briefsNew Balance files lawsuit against Golden Goose over “dad shoes”
New Balance has filed a lawsuit against luxury Italian label Golden Goose, claiming that the brand copied New Balance’s signature Dad sneakers, notably its Model 990 line. The lawsuit was filed on Aug. 18 in the US District Court for the District of Massachusetts. According to the complaint, Golden Goose’s ...
-
News briefsHardgoods drag down Globe Intl.’s FY revenues
Globe International total sales fell by 15 percent (-17% in constant currency) to A$234.34 million (€139.0m) for the FY ended June 30. Excluding hardgoods, annual revenues rose by 2 percent in constant currency. Ebit declined by 83 percent to A$4.62 million (€2.74m) or 2.0 percent of revenues versus 10.0 percent ...
-
News briefsWilson celebrates 45th anniversary of US Open partnership
Source: Wilson Wilson Advisory Staff Member, Marta Kostyuk, in the Midtown Tennis Dress Wilson Sporting Goods announced its program around the US Open, which includes exclusive product showcases, athlete appearances, local giveaways and more. “One of Wilson’s most iconic official ball partnerships is with the US Open,” ...
-
News briefsIn-Sport Fashions signs distribution agreement with Allbirds for the Canadian market
Québec-based In-Sport Fashions, a Canadian distributor of specialized lifestyle, sports and outdoor products, entered an exclusive partnership with the sustainable footwear brand Allbirds. Effective Sept. 15, 2023, In-Sport Fashions assumes distribution of Allbirds products across all Canadian distribution channels: retail, allbirds.ca and wholesale partner openings. Under this new distribution agreement, ...
-
News briefsJudge in Nike vs. StockX orders defendant to disclose additional information about counterfeit sellers
U.S. Magistrate Judge Sarah Netburn has ordered the resale platform StockX to reveal additional information about users who sold counterfeit sneakers through the platform. Nike specifically asked how many sales these users completed, as this element could help assess the level of scrutiny StockX applied in facilitating their sales. StockX ...
-
News briefsU.K.-based sneaker reseller Laced expands to Europe
Laced is now available to buyers and sellers in Europe. The London-based online platform has also launched dedicated German and French language websites. According to a report by Footwear News, Laced will grow its current staff of 80 employees by at least 25 percent, with new jobs on the continent ...
-
News briefsGlobal racquet sports equipment market to post 2.78% CAGR to 2026
The racquet sports equipment market is projected to increase by US$469.78 million from 2021 to 2026, representing a compound annual growth rate (CAGR) of 2.78 percent, according to a recent report by research firm Technavio. In 2022, the market increased by 2.3 percent, recovering from the negative impact of the ...
-
News briefsQatar has acquired World Padel Tour to form unified Premier Padel circuit
Qatar Sports Investments (QSI), the owner of Premier Padel, has bought the rival tour World Padel Tour from its organizer, Spanish firm Damm, for an undisclosed amount. QSI intends to combine the two competitions into a unified global circuit starting in 2024. World Padel Tour and Premier Padel will continue ...
-
News briefsFIBA has a new president
Source: FIBA Sheikh Saud Ali Al Thani The International Basketball Federation (FIBA) has announced Sheikh Saud Ali Al Thani as the new President of the organization for the upcoming 2023-2027 cycle. He was elected unanimously by all in attendance at the XXII FIBA Congress in Manila on ...
-
News briefsAthleta’s new President & CEO takes helm as Q2 sales dip
The Gap-owned specialty retailer suffered a 1 percent drop in Q2 sales to $341 million for the period ended July 29, a week before Chris Blakeslee became Athleta’s new president and CEO. Comparable store sales declined 7 percent in the period, an improved trend from Q1, as sales of core ...
-
News briefsHead’s creative studio heads to London’s Design District
According to the U.K. publication Retail Times, Head Sport, based in Kennelbach, Austria (Head International GmbH and Head Sport GmbH) and Amsterdam (group parent Head N.V.), has chosen London’s new Design District as the new official home for its Innovations and Creative Studio. Located in 230 sqm in Building B4, ...
-
News briefsThe Players Fund pioneers new model for athletes’ investments
A group of prominent athletes is backing a new London-based venture capital fund called The Players Fund. The new fund brings together renowned athlete investors with experienced venture capitalists to support start-ups while promoting athlete investing. The captain of the England Test cricket team, Ben Stokes, and former team-mate Stuart ...
-
News briefsDP World Tour announces revamped schedule and record prize fund
The DP World Tour has announced that the 2024 season will include 44 golf tournaments in 24 countries and a combined record prize fund of £117 million (€137m), excluding the four major championships. The new prize fund represents an increase of around £3.4 million (€4m) from 2023. The 2024 schedule ...
