News Briefs – Page 9
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News briefsOakley Capital acquires majority stake in Nox
The padel brand’s current owners and the Nox founder and CEO Jesús Ballvé, are reinvesting alongside Oakley Capital
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News briefsNike renames world headquarters after co-founder Phil Knight
The 400-acre world headquarters in Portland, Oregon, will be called the Philip H. Knight Campus.
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News briefsIntersport France to buy much of Intersport Spain
Intersport France has all but acquired Intersport Spain’s buying group and brand as well as some of its suppliers and a sizeable share of its workforce, according to the sources of Modaes. Because the latter is in liquidation, the acquisition will require judicial approval. Intersport France’s bid, for €300,000, is ...
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News briefsKlarna backs Google’s Agent Payments Protocol for AI commerce
Sweden-based digital bank Klarna announces support for Google’s Agent Payments Protocol.
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News briefsAlo Yoga will open a large store on the Champs-Elysées
The new opening next year is part of the brand’s international expansion.
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News briefsReebok licensing revenue grows 9% in 2024
Reebok’s worldwide brand licensing revenue climbed to $302.5 million in 2024, with the US market driving significant growth.
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News briefsAsics North America announced a major restructuring of its management team
CEO Koichiro Kodama promoted Mike Dougherty to Chief Operating Officer.
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News briefsFrasers Group acquires majority stake in U.S. luxury retailer The Webster
The owner of Sports Direct and Flannels is further strengthening its position in the global premium and luxury retail segment.
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News briefsSpeedo launches swimwear range made with Hyosung TNC recycled textile innovation
Speedo has introduced an outdoor swimwear range made with its new GRS and RCS-certified Ocean Flex fabric.
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News briefsSmart-ring producer en route to $11bn valuation
Ōura Health Oy, the Finnish maker of the Oura ring fitness tracker, is raising $875 million in Series E funding.
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News briefsRaccoon Media Group launches another Running Show
Raccoon Media Group is expanding into the Middle East with a large-scale consumer and trade running expo set for Dubai next October.
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News briefsTechnogym is recognized with the EcoVadis Platinum Medal for Sustainability
Technogym is part of the 1% companies worldwide in the EcoVadis rankings.
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News briefsAdidas enters the safety footwear market with a partner brand
Adidas and GLO Brands announced a long-term partnership in the safety footwear market and the launch of adidas pro work
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News briefsHyperice unveils Virgil van Dijk as an athlete ambassador
The announcement coincides with the launch of the Hyperboot by Nike x Hyperice in the UK, Europe and Canada.
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News briefsNYRR races injected nearly $1bn into New York economy
The 2024 TCS New York City Marathon alone generated $692 million in incremental economic impact.
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News briefsDavid Beckham’s company posts record profits
DRJB Holdings, the umbrella company for David Beckham’s business activities, posted a 44 percent rise in profit to $44.9 million in 2024.
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News briefsTroubled Intersport Spain establishes new subsidiary
The new entity is headquartered in Madrid, rather than Barcelona.
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News briefsVF Corp uses divestment proceeds to cut debt as Vans weakness persists
VF Corp is channeling proceeds from recent brand divestments toward debt reduction.
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