All Racquet Sports articles – Page 17
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ArticleAmid racquet glut, courts maintain sales at Drop Shot
Marcelo Cascabelo, of the brand Drop Shot, believes in the continued expansion of pádel but warns of a difficult year. The chief executive revealed to CMDsport that his company’s revenues for 2022 were up by 120 percent year-on-year, amounting to €20 million, but that the figure for first-quarter 2023 is ...
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News briefsTitleist and Kjus parent Acushnet appoints new EVP/CFO
In an SEC filing dated April 3, 2023, Acushnet Holdings Corp., the parent company of Titleist, Footjoy and Kjus, announced that Sean Sullivan has accepted an offer to become executive vice president and chief financial officer of the company. Sullivan is expected to be appointed to this position by the ...
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News briefsThe women sign up for Premier Padel
Premier Padel’s president, Luigi Carraro, appears to be as good as his word. As we reported last week, the league has been promising to bring women into its tournaments over the course of the current season. Indeed, Carraro said, the only reason the women weren’t playing already in the Ooredoo ...
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News briefsResurgent racquet brand, resurgent racquet
Snauwaert saw the light of day in Belgium in 1928 and went under in the early 1990s, only to reemerge in 2020, after nearly 30 years of dormancy, in another land: Italy. The brand released its high-end, eponymous racquet, the “Snauwaert,” in the 1970s and followed it up in the ...
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News briefsTop Spanish pádel shop helps expedite recycling
Pádel Nuestro has signed a deal with Bown Sports & Sustainability, a promoter in Spain of a recycling initiative whose name, er, sounds like “sustainables.” Source: Pádel Nuestro The objective of the SustainaBalls program is to collect used tennis and pádel balls. It does this by setting ...
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News briefsSingapore could host the world’s first “Home of Table Tennis”
The International Table Tennis Federation (ITTF) and Sport Singapore (SportSG) have signed a memorandum of understanding to kickstart discussions for the world’s first “Home of Table Tennis.” The signing ceremony took place on the final evening of the Singapore Smash 2023 tournament earlier this month. The ITTF plans to establish ...
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ArticlePremier Padel to include women this season
The president of the International Padel Federation (FIP), Luigi Carraro, has told Relevo in an interview that women will be playing in the next tournament organized by Premier Padel – that is, after the Ooredoo Qatar Major, which took place from Feb. 28 to March 6. “If we’d had a ...
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News briefsSSU eyes return to profitability in FY24
The sports e-commerce company Signa Sports United (SSU) is undergoing a strategic realignment assessment to generate long-term shareholder value that it intends to reveal at the end of Q2 but is projecting an ongoing challenging environment through the remainder of the FY due to inflationary pressures impacting both consumer sentiment ...
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ArticleAcushnet opposes proposed golf ball bifurcation
Acushnet Company, parent of the popular Titleist golf ball brand, has voiced its disapproval of proposed rule changes by the Royal & Ancient Golf Club of St. Andrews (R&A) and the U.S. Golf Association that would create two golf ball specifications – one for professionals and one for recreational players. ...
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News briefsLed Projects has a new distributor
Salisport France has become the exclusive distributor for France and Belgium of Led Projects’ court-illumination products for both tennis and pádel. Founded as recently as 2021, Salisport says it is the top company in France for court maintenance. Led Projects, meanwhile, has been the official supplier of illumination for ...
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News briefsStarvie’s new head of sales
Pádel brand Starvie has hired José Antonio Galán Matamoros to be its sales director. He is joining the company from Milwaukee Tool, where he held the same title for a year. He has served in similar capacities at the sport, e-sport and entertainment agency Vanquish, the workwear company Industrial Starter, ...
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News briefsJoma enjoys record 2022, remains prudent on 2023
Joma, the Spanish brand with headquarters in Toledo and a historical focus on running, football and tennis, was present as usual at the recent Micam footwear show, which ran on Feb. 19-22 in Milan. Alessandro Annibale, sales director of its Italian subsidiary, was on hand to meet with local retailers ...
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ArticleAcushnet FY22 sales rise by double digits in all categories
Acushnet Holdings Corp., after exceeding the low-end of its annual revenue and Ebitda range forecasts for FY22, has established consolidated net sales guidance of $2,325 to $2,375 million for FY23, a growth range of 2.0 to 7.9 percent year-over-year, and an adjusted Ebitda range of $345 to $365 million. Senior ...
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News briefsGolfers' spending in the UK increased 20% from 2014 to 2019
According to an independent report by Sheffield Hallam University’s Sport Industry Research Centre (SIRC), funded by The R&A, consumer spending on golf grew 20 percent in current prices from 2014 to 2019, which is real terms growth of 8 percent after accounting for inflation. The U.K. golf industry employs 63,826 ...
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ArticleFila celebrates 50 years in tennis and launches new junior tournament
Fila has announced a series of on-site activities and activations at the 2023 Indian Wells Masters in Southern California, also known as BNP Paribas Open, on March 6-19. Fans attending the event will experience the brand’s 50 years in tennis and the evolution of its style since 1973. Archival outfits ...
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News briefsSpanish bike-rental company has big plans
Rookfy, a bicycle-rental platform in Spain, enjoyed a satisfactory debut last year, according to chief technology officer Santiago Alonso, who spoke with CMDsport. The young company has recently added the retailer Escapa to its marketplace and joined the Spanish Association of Brands and Bicycles (Ambe). In an interview with Joanseguidor.com, ...
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News briefsThe market for golf equipment will continue to grow, albeit at a slower pace
According to a recent 171-page report by Technavio, titled “Global Golf Equipment Market 2023-2027,” the global golf equipment market is forecasted to grow by US$1,418.41 million from 2022 to 2027. While the market size is growing, however, the growth momentum will decelerate during this forecast period, with a decline of ...
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News briefsWilson Golf president to leave
Tim Clarke has stepped down as president of Wilson Golf, according to mygolfspy.com. Clarke first joined Wilson in the 1990s and became president in 2007. Bob Thurman, global R&D director, is reportedly stepping in as interim golf GM. Wilson Golf is part of Wilson Sporting Goods and has been owned ...
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News briefsHead opens licensed training center in Abu Dhabi
Head is opening a licensed padel sports training center in Abu Dhabi, the brand’s first in the Middle East, in partnership with Xische Ventures. The official inauguration is scheduled for Feb. 21. Located in Musaffah, the 2,200 sqm facility features five padel courts, a VIP court for private bookings, a ...
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News briefsU.S. gets sixth pro pádel team
Matrix Padel will be the sixth team franchise in North America’s Pro Padel League (PPT). Located in northwestern Arkansas, Matrix Padel was just purchased by Barbara Hudson, Shannon Hudson and Johan Den Toom, founders of the Matrix Club, which offers pickleball, tennis and group fitness as well as pádel. The ...
