All Sporting Goods Intelligence articles in Volume 29, Issue 39-40 – Page 4
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News briefs
Adidas has announced the completion of the first tranche of...
Adidas has announced the completion of the first tranche of a share buyback program, saying that it will give a total return to shareholders of more than €1.5 billion in 2018. The company bought back 5.1 million shares, corresponding to 2.5 percent of its equity, between March 22 and Dec. ...
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News briefs
Adidas has appointed a new chief information officer, Fumbi Chima,...
Adidas has appointed a new chief information officer, Fumbi Chima, replacing Michael Vögele who has left the company at his own request. Reporting to Harm Ohlmeyer, chief financial officer, she will take responsibility for the IT department from Jan. 1. A native of Nigeria, Fumbi comes from the Fox Network ...
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News briefs
Adidas is partnering with Foot Locker to launch the new...
Adidas is partnering with Foot Locker to launch the new Adidas Asterisk Collective, a platform empowering creative partners to propose initiatives that aim to positively impact communities all over the world. To celebrate the launch, the two companies tapped three musicians – Kid Cudi, Raury and H.E.R. – as well ...
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News briefs
Adidas has entered into a “perpetual, legacy partnership” with Stan...
Adidas has entered into a “perpetual, legacy partnership” with Stan Smith, the two-time Grand Slam tennis champion whose career lasted from 1969 to 1985. Adidas first collaborated with Smith on a famous shoe style in 1973 and is now releasing an updated version, with leather upper, rubber cupsole and white ...
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Article
Global brands and retailers launch a new charter to collectively address climate change
A large group made up of global fashion brands, retailers, suppliers and other organizations is launching the Fashion Industry Charter for Climate Action, a collective initiative to address global environmental concerns, under the auspices of UN Climate Change. The group includes sports companies such as Adidas, Puma, Arc'teryx, Peak Performance, Salomon and ...
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Short stops
The Thule Group has acquired Tepui Outdoors, described as a...
The Thule Group has acquired Tepui Outdoors, described as a leader in roof top tents in North America (more in The Outdoor Industry Compass)
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News briefs
According to the Wall Street Journal, Under Armour has fired...
According to the Wall Street Journal, Under Armour has fired Ryan Kuehl, senior vice president of global sports marketing, and Walker Jones, senior director of sports marketing. Both were part of the inner circle of Kevin Plank, the founder of the company. The company has made no comment, citing its ...
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News briefs
Adidas has taken Rafinha to court in Amsterdam, according to...
Adidas has taken Rafinha to court in Amsterdam, according to The Mirror, demanding that the Barcelona midfielder should pay a penalty of €100,000 for each day that he doesn't wear Adidas shoes in the field and Adidas apparel at all media appearances. The 25-year-old Brazilian football player, whose real name ...
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Article
Accell places the U.S. under review
Without addressing Pon Holdings' solicitations for a minority stake in the company (SGI Europe Vol. 29 N° 35+36 of Nov. 20), the Accell Group said it will explore strategic options for its U.S. operations during the next six to nine months, including their possible sale. The Dutch-based group has decided ...
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News briefs
In a communiqué released on Dec. 8, after a summit...
In a communiqué released on Dec. 8, after a summit of Olympic movement leaders, the International Olympic Committee (IOC) calls the inclusion of e-sports as medal events “premature” and in need of “further dialogue and study.” The IOC cites the divergent values of sports and e-sports, the latter being driven ...
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Short stops
The United Nations has calculated that 51% of the global...
The United Nations has calculated that 51% of the global population will be using the internet by the end of 2018
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News briefs
Moody's has assigned a Ba3 credit rating and a speculative...
Moody's has assigned a Ba3 credit rating and a speculative grade liquidity rating of SGL-2 to the proposed $480 million senior secured term loan that Callaway Golf is set to use to finance its acquisition of Jack Wolfskin (see our previous issue). It has also assigned a corporate family rating ...
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News briefs
Primaloft has appointed Tanja Ederer, 25, to be its European...
Primaloft has appointed Tanja Ederer, 25, to be its European trade marketing assistant. Working out of the company's European headquarters in Taufkirchen, Germany, Ederer will be in charge of retail marketing: setting up trade fairs, POS activations and the Primaloft Training Tour. She will also handle the Banff Mountain Film ...
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Article
Original+ from Austria is the overall winner of Ispo Brandnew 2019
Original+, a product for the mass custom manufacturing of alpine skis, has been announced as the overall winner of Ispo Brandnew 2019, the international platform and competition for start-ups in the sports industry. The jury of experts chose one overall winner as well as one winner each in the following ...
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News briefs
Outdoor Retailer has announced that all three shows in 2019...
Outdoor Retailer has announced that all three shows in 2019 will only last three days. The Summer Market in June and the Winter Market in November will move from four days to three, while the Snow Show in January remains a three-day event. All three shows will take place at ...
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News briefs
On Dec. 12, with a multi-year contract, the National Basketball...
On Dec. 12, with a multi-year contract, the National Basketball Association (NBA) made the Bauerfeind GenuTrain its official knee brace. The German orthotics maker began dealing with the NBA more than a decade ago, when professional players began using the original GenuTrain brace. At present, the official NBA brand ambassador ...
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News briefs
Under Armour suffered an 11 percent drop in its share...
Under Armour suffered an 11 percent drop in its share value after warning investors that its sales are likely to be flat in North America in 2019, growing overall by between 3 and 4 percent against a consensus estimate of 5 percent. On the other hand, the gross margin for ...
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Short stops
Only about 100 exhibitors participated in the first Fibo show...
Only about 100 exhibitors participated in the first Fibo show in the U.S., staged in Orlando, Florida, reportedly triggering low attendance
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News briefs
Cherokee Brands, which owns Hi-Tec, posted net income of $63,000...
Cherokee Brands, which owns Hi-Tec, posted net income of $63,000 in the third quarter, turning around from a loss of $2.5 million in the same period of last year. Licensing revenues declined by 25 percent to $5.84 million because of the transition of several brands in Cherokee's portfolio to a ...
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