Corporate:
+++ With the company’s share price having risen above 1,000 pence, the board of JD Sports Fashion is proposing a five-for-one stock split, asking for its approval at a general meeting set for Oct. 28
+++ Stadium’s main owner, Eklöf Invest, is reportedly forming a joint venture with the Slätto fund to develop a new Swedish logistics center in Norrköping-Herstadberg that will employ 2,000 people
+++ Benetton is reportedly aiming to cut its Asian production in half by the end of 2022, shifting some of it to Croatia, Turkey, Egypt and Tunisia
Management:
+++ Arc’teryx has appointed a new vice president of store development to expand its global footprint, Chris Pelyk, who has previously worked for Lululemon, Fossil, Apple and Adidas
+++ Joseph N. Zarro, who worked previously for the Authentic Brands Group (ABG) and LVMH, among other stations, returns to ABG as president for Latin America
Product:
+++ To celebrate the 20th anniversary of the Adidas Originals store in downtown Berlin, Adidas is offering there exclusively a capsule collection of eight clothing items designed together with a Berlin artist, Monja Gentschow
+++ Black Crows adopt Polartec’s Alpha Direct insulation for a new ski suit called Ora Body Map
Marketing:
+++ With the UEFA European Football Championship due to be played out in Germany in 2024, Adidas has expanded its relationship with UEFA by also sponsoring all UEFA women’s football competitions through 2025, in addition to the men’s competitions
