News Briefs – Page 57
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News briefsUmbro in new design collab
Together with the Japanese label Children of the Discordance, the English sportswear company flirts with the 1990s.
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News briefsAllbirds appoints new member to its Board of Directors
Ravi Thanawala, Chief Financial Officer of Papa John’s International, will join the company in September.
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News briefsShoes lifted Björn Borg in Q2
The sports fashion brand delivered an even stronger second quarter than Q1, with sales increasing 30%.
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News briefsNew COO for Intersport Germany
Henriette Tesch takes over from Frank Geisler as COO of Intersport Germany and will promote future growth and sustainability.
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News briefsLi Ning lowers FY outlook as H1 profit dips
China’s largest sportswear maker Li Ning suffered a 3.0 percent decline in H1 operating profit to 2.40 billion yuan renminbi (€304.8m) versus RMB2.48 billion for the six months ended June 30. The net profit fell 8.0 percent to RMB1.95 billion (€247.7m). Ebit tumbled 6.7 percent to RMB2.61 billion (€331.6m) from ...
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News briefsPuma names Johan Kuhlo as Managing Director GCC
Kuhlo will oversee the major markets UAE and Saudi Arabia, as well as Qatar, Kuwait and Oman.
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News briefsGrendene’s Q1 net dips by 27 percent
Ebit was R$22.3 million (€3.7m) as gross margin improved by 170 basis points to 42.6 percent.
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News briefsXebio’s Q1 operating profit rises by 47 percent
Profit attributable to the parent increased by 40 percent in Q1 to ¥2,785 million (€17.3m).
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News briefsSpeedo won the medal league in the Olympic pools
Over 50 percent of the Olympic medalist in Paris 2024 wore Speedos swimsuits and trunks.
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News briefs361 Degrees’ operating profit jumps by 7 percent in H1
The Chinese group’s operating income for the six months ended June 30 increased 6.8 percent to RMB1.06 billion (€135.4m).
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News briefsJapan’s Alpen Co. sees annual operating profit tumble
The Japanese sporting goods retailer experienced a 34% decline in annual operating profit over the 12-month period ending June 30.
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News briefsWilson and Roger Federer unveil the RF Collection
The brand celebrates Federer with a new ”groundbreaking tennis racket line.”
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News briefsAvoli is announcing the completion of a $2.1 million seed round
The volleyball shoe brand, which officially launched last year, has secured new funding from a number of investors.
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News briefsKappa and Primark team up on collaborative collection
A new 30-piece fashion capsule with apparel and accessories.
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News briefsAsics takes action in Cambodian factory incident
A recent accusation from an international human rights organization has highlighted potential violations of workers’ rights to unionize at a footwear factory in Cambodia. The factory in question is utilized by the Japanese sportswear company Asics.
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News briefsNew Era´s acquisition of ’47 complete
New Era Cap, LLC, announced today, August 8, the completion of its acquisition of ’47, the privately held sports lifestyle brand.
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News briefsVulcabras faces multiple challenges in Q2
Despite economic challenges and a devastating flood in Rio Grande do Sul, the Brazilian group remains resilient.
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News briefsJapans biggest fitness chain is expanding rapidly
Rizap Group is expanding its gym chain Chocozap to China, Hong Kong and Taiwan.
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News briefsAdidas veteran headhunted to Under Armour
After Under Armours acquisition of the brand Unless Collective Eric Liedtke will join Under Armour as Executive Vice President of Brand Strategy.
