All articles by SGI Europe Editorial Team – Page 45
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News briefsLululemon accused of “greenwashing” by climate group Stand.earth
Environmental advocacy organization Stand.earth has announced an anti-competition complaint against Lululemon Athletica with respect to its “Be Planet” marketing campaign. The complaint was submitted to Competition Bureau Canada. According to Stand.earth, Lululemon “misleads customers about its environmental impact.” Lululemon’s own Impact Report, publicly released last autumn, revealed that the company ...
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News briefsAmazon Europe partners with Hewi to offer second-hand luxury goods
Amazon has partnered with high-end resale platform Hardly Ever Worn It (Hewi) to bring second-hand luxury items on Amazon Luxury Stores to customers in Germany, France, Spain and the UK. Hewi is based in London. The new partnership enables customers to browse second-hand items from luxury brands across women’s ready-to-wear, ...
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News briefsLacoste has a new EVP for global finance
French sportswear brand Lacoste has appointed Philippe Gautier as Executive Vice President of Finance. He takes over the role from Denis Lamoureux, who started in 2017. Gautier has more than 30 years of experience in finance, mostly at fashion and luxury groups. Most recently, he served as Group Chief Financial ...
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ArticleSquash racquet market is poised to increase, but needs more visibility
According to a recent report by Research and Markets, the global squash racquets market was valued at $175 million in 2022 and is expected to post a compound annual growth rate (CAGR) of 4.2 percent through 2028. Growth is driven by the sport’s increasing popularity and an expanding player base, ...
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News briefsAthleta launches high-performance “Train” collection
Athleta has made its mark with yoga and pilates apparel. Now it’s expanding into high-performance training.
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News briefsA record year for professional pádel
Over the course of 2023 the International Padel Federation (FIP) – which conglomerates the Premier Padel, Cupra FIP Tour and FIP Promises circuits – held 160 tournaments for some 6,000 registered players. Of these 4,874 were professionals, hailing from 72 countries, and of the professionals 1,362 (28%) were women and ...
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ArticleMaker of VR NFL game raises $20m
StatusPro, the virtua reality (VR) company of two former NFL players, Troy Jones and Andrew “Hawk” Hawkins, is to receive $20 million in a series-A funding round led by Google Ventures (GV). The company produces first-person sports games that use “real-time player data.” Its game NFL Pro Era works on ...
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News briefsSport participation enhances academic performance, new study highlights
New research has found a correlation between continued participation in sports, whether on teams or individually, and improved academic performance. The article, signed by researchers at the universities of Sydney and Manchester and titled Sport Participation for Academic Success: Evidence From the Longitudinal Study of Australian Children, was published in ...
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News briefsParis 2024 medals carry an actual fragment of the Eiffel Tower
See the medals the world’s greatest athletes will receive this summer.
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News briefsCricket equipment market to post 6.7 percent CAGR by 2032
The global cricket equipment market was valued at $680.2 million in 2022, and is forecast to reach $1.3 billion by 2032, growing at a compound annual growth rate (CAGR) of 6.7 percent from 2023 to 2032, according to a new report by Allied Market Research. Growth will be driven by ...
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News briefsSales flat, profits down at Forum Sport
In its full-year 2023/24, ended Jan. 31, Forum Sport generated €121.4 million in sales, 1 percent more than the €120.2 million of FY 2022/23, according to CMDsport. Things were on the upswing until November, which was flat year-on-year and marked a reversal of fortunes for the next two months. CEO ...
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News briefsDecathlon sells 82 European stores
Decathlon has signed a leaseback deal for the sale of 82 of its stores in Europe with an American publicly traded real estate investment trust (REIT) called Realty Income. According to CMDsport and other sources, the sale price was €527 million. The stores are located in Germany, France, Spain, Italy ...
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News briefsNox under new ownership
GPF Partners has taken what appears to be a controlling stake in Nox, as CMDsport and others have reported. The pádel brand’s founder and CEO, Jesús Ballvé, will be remaining in place. Together with the new shareholder, Nox’s management has come up with a three-part plan: to consolidate its position ...
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News briefsUEFA president will not stand for reelection in 2027
Aleksander Ceferin, the head of European football governing body UEFA, has announced that he would not stand for reelection in 2027 and an unprecedented fourth term at the helm of the organization. An amendment to UEFA’s statutes passed by the organization’s Congress on Feb. 8 would have ...
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News briefsJeff Bezos plans to sell 50 million Amazon shares
Jeff Bezos has a trading plan for the sale of up to 50 million Amazon shares by January 2025, according to a Feb. 2 filing with the Securities and Exchange Commission (SEC). At the current share price, the securities would be worth around $8.6 billion. Bezos previously served as Amazon’s ...
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News briefsFútbol Emotion posts 64 percent revenue increase
Spanish retailer Fútbol Emotion saw its revenues jump by 64 percent in 2023 to €82 million, Palco23 has reported. The company has almost tripled its sales in just two years, after posting a turnover of around €30 million in 2021. Half of the company’s turnover is generated through e-commerce, while ...
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News briefsIn Paris, Arc’teryx opens shop-in-shop ahead of flagship
Outdoor apparel brand Arc’teryx has opened an 80-square-meter shop-in-shop on the ground floor of La Samaritaine, the department store on Paris’s Rue de Rivoli. The retail space, inaugurated on Feb. 9, showcases a range of functional and performance items from the brand’s spring/summer 2024 collection. Arc’teryx will soon open ...
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News briefsA new association of Italian trade fairs
IT-EX is the name of a new association of Italian international trade fairs, created with the objective of promoting the interests of the sector and its internationalization. The new body, established on Feb. 7, was founded by Fondazione Fiera Milano with AIMPES Servizi, A.N.C.I. Servizi, ASSOMAC Servizi, CEU – Centro ...
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News briefsHanover Communications launches Hanover Sport
Hanover Communications, a London-based communications and public affairs consulting firm, has announced the launch of Hanover Sport, to consolidate its sport-related offering. Rebecca Hargreaves, former Director at The Playbook, has been appointed as the first Director of Hanover Sport. Hargreaves has more than 15 years of experience with sports brands ...
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News briefsThis is what the official 2023/24 UWCL ball will look like
Adidas has unveiled the UEFA Women’s Champions League Pro ball, named Bilbao. This official match ball will grace the next UWCL, drawing inspiration from the city of Bilbao and its disruptive urban geometries. The traditional star pattern incorporates iconic shapes from Bilbao’s architecture and motifs from the San Mamés stadium, ...
