News Briefs – Page 147
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News briefsFormer Superdry COO Silvana Bonello to join Oceansapart as CEO
Silvana Bonello, former chief operating officer at Superdry, is set to become the chief executive officer and joint managing director of Berlin-based activewear brand Oceansapart. She will succeed Henry Brodski, Oceansapart’s chief financial officer and managing director, who has been serving as interim CEO since leadership responsibility was handed over ...
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News briefsBasicNet’s Q1 direct sales lifted by K-Way France acquisition
BasicNet’s Ebit was flat at €10.8 million in Q1 as Ebitda improved by 5.5 percent to €14.8 million for the period that ended March 31. Consolidated revenues grew by 27.7 percent to €108.0 million, including 36 percent direct sales growth to €91.4 million, aided by the group’s April 2022 acquisition ...
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News briefsPuma signs contract with Formula 1
Puma will be the official supplier of Formula 1 (F1), giving it the right to produce apparel, footwear and accessories bearing the F1 logo. The German sports brand will also equip F1 personnel at the race tracks and produce Formula 1 fan apparel. The contract signed between Puma and Formula ...
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News briefsBlue Tomato enters Italian market
Source: Mattia Caravello (OUTBND SRL) Tiziano Taglianozzi, Shop Manager at the new Trento store Boardsports and lifestyle specialist Blue Tomato, part of U.S. company Zumiez since 2012, has opened its first store in Italy. The omnichannel chain opened a 250-sqm store last week on Via Paolo Oss-Mazzurana ...
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News briefsThe Athlete’s Foot launches new neighborhood store concept in the USA
Specialty footwear and lifestyle chain The Athlete’s Foot (TAF) has opened its first “neighborhood” concept store with several community-focused events at Atlantic Station in downtown Atlanta, Georgia. TAF is focused on enhancing the customer experience while continuing to drive hyperlocal product assortment and community engagement. The new store concept is ...
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News briefsOn revises its financial reporting by geography
Swiss performance sportswear brand On announced that it will release its financial results for the first quarter of 2023 on Tuesday, May 16, which will also mark the first time it will update its net revenue reporting differently by region. Specifically, “Rest of World,” which represented the Middle East, Africa ...
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News briefsK-Swiss and McLaren debut collab team collection
For the first time since announcing their multi-year partnership with McLaren Racing, L.A.-based tennis performance and heritage footwear brand K-Swiss is releasing the first of three joint collections: the Fan’s Starter Pack. K-Swiss has reimagined the McLaren Team shoe, offering its Tubes technology for everyday wear. The K-Swiss x McLaren ...
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News briefsYue Yuen issues Q1 profit warning on weak order book
Yue Yuen, which in mid-March warned of “gathering headwinds,” issued a Q1 profit warning late last week. The globe’s largest maker of footwear, citing a weak order book that impacted the operating efficiency of its manufacturing business, said net income is likely to decline by 40 to 45 percent to ...
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News briefsGolf goes meta
The sport of golf has gotten a collection of NFTs, courtesy of a Korean blockchain company. Wemade has drawn inspiration from some 110 Bored Ape Yacht Club NFTs – minted last year by ALTAVA Group in collaboration with Animoca Brands, The Sandbox and Elite Apes – to create some 300 ...
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News briefsPuma celebrates its mascot with new capsule
In a continuation of product releases and events to mark its 75th anniversary, Puma has unveiled the latest nod to its history: A capsule collection that celebrates the brand’s mascot, Super Puma. Originally featured in a limited comic book series created by Puma in the 1970s, Super Puma is a ...
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News briefsNautilus sells namesake trademark, pays down debt
Nautilus, Inc. has completed the sale of non-core assets, including the Nautilus brand trademark assets and related licenses, for approximately $13 million. The connected home fitness solution company used the net proceeds from the divestiture to pay down part of its term loan. Additionally, the Bowflex parent has improved the ...
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News briefsEuropean Refugee Team to compete at European Games in Poland
A European Olympic Committee (EOC) Refugee Team will compete at the upcoming Kraków-Małopolska 2023 European Games later this year due to a joint effort between the EOC and the Olympic Refuge Foundation (ORF). It will be the first time such a team competes in continental Games. The team is set ...
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News briefsAuthentic Brands Group and Global Citizen present Take Action initiative
Reebok’s owner Authentic Brands Group is teaming up with international advocacy organization Global Citizen on Take Action, an exclusive initiative “to encourage consumers to activate their purchasing power and drive change toward the most urgent issues facing humanity and our planet.” As we previously reported, Authentic and Global Citizen announced ...
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News briefsKevin Durant becomes third NBA athlete to ink lifetime deal with Nike
Nike and basketball star Kevin Durant have agreed to a lifetime contract. Durant is just the third NBA player to land a lifetime deal with Nike, following both Michael Jordan and LeBron James. Durant’s relationship with the American sportswear giant dates back to 2007. The 34-year-old player has released 15 ...
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News briefsSarah Massey appointed as RWC 2025 managing director
Sarah Massey has been appointed managing director of the Local Operating Company (LOC) for England’s Rugby World Cup (RWC) 2025, which will be the tenth edition of the women’s RWC. The LOC is a joint venture between World Rugby and the Rugby Football Union (RFU), or England Rugby. Most recently, ...
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News briefsRusty relaunches in Europe
Rusty Apparel is about to make a comeback in Europe. A new distribution structure for the European market is currently being set up from Germany. “We are thrilled to bring Rusty Apparel back to Europe,” says Matthias Warns of Jeff Green Vertriebs GmbH in Varel, which is responsible for setting ...
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News briefsSuperdry confirms equity raise
As reported by RetailWeek, Superdry has officially announced a capital increase to strengthen its balance sheet as part of a turnaround program. The brand intends to raise gross proceeds of approximately £12 million (€13.6m) by issuing new shares in a placing and retail offering. Founder and chief executive Julian Dunkerton ...
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News briefsSkechers promotes Richard Parker to Managing Director for UK and Ireland
Skechers promoted Richard Parker to Managing Director for the UK and Ireland. During his 22-year tenure at Skechers, the footwear industry veteran has held nearly every position within the UK & Ireland sales department, starting as an area sales manager before handling key accounts and national accounts such as QVC ...
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News briefsVeNetWork acquires Unimonteco and creates VeNeSport, a new sports shoes network in Italy
VeNetWork SpA, a business accelerator that brings together 73 entrepreneurs from Italy’s Triveneto area, has announced the creation of VeNeSport, a new network of companies with a focus on sports footwear. Innovation consultant Flavio Alberti will head VeNeSport as the network’s president. The first company to join the new network ...
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News briefsSkechers acquires Scandinavian distributor
Skechers has signed an agreement to acquire its existing Scandinavian distributor, Sports Connection Holding ApS. Sports Connection’s business includes 58 existing Skechers retail locations, several e-commerce solutions and more than 1600 wholesale customers. The company was established in Denmark in 1994 and has been Skechers’ exclusive distributor in the Nordic ...
