All Sporting Goods Intelligence articles in Volume 31, Issue 47+48 – Page 3
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News briefs
Nike opens flagship store in Barcelona with Italy’s Percassi
Nike has inaugurated a new megastore in Barcelona’s Paseo de Gracia, one of the city’s major avenues and a main shopping and tourist area. Studded with digital features, it provides many options for product customization. The floor is made with some 80 tons of recycled materials, equivalent to 188,000 football ...
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News briefs
Peloton faces yet another patent infringement lawsuit
Mad Dogg Athletics (MDA), which claims to have pioneered indoor bike spinning in the 1990s, has filed a lawsuit against Peloton Interactive for allegedly infringing on two MDA patents for stationary bikes - U.S. Patent Nos. 9,694,240 (2017) and 10,137,328 (2018) - which were obtained years after Peloton started selling ...
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News briefs
GBL’s investment in Canyon reportedly values the firm at €800m
As previously reported, Groupe Bruxelles Lambert (GBL) has acquired a majority stake in Canyon Bicycles, the German direct-to-consumer brand of high-end bikes. According to the Financial Times, the deal gives Canyon an enterprise value of around €800 million including assumption of debt. The newspaper says GBL’s offer to acquire a ...
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Article
Fesi welcomes the EU’s new Digital Services Act, but wants more
The European Commission has adopted its long-awaited Digital Services Act (DSA), indicating that it is intended to “create a safer digital space in which the fundamental rights of all users of digital services are protected.” The European Federation of the Sporting Goods Industry (Fesi) said it welcomes the move, but ...
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News briefs
Superga and the LTA announce new partnership
Superga will become the British Lawn & Tennis Association’s (LTA) official leisurewear shoe partner from Jan. 1, 2021. The LTA is the national governing body for tennis in Great Britain, the Channel Islands and the Isle of Man. As part of the new three-year deal, Superga will have branding rights ...
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News briefs
Castore to launch footwear as it enters the Rugby Union
Castore has signed up Owen Farrell, the captain of the England Rugby Union team, marking the young British team sportswear company’s first foray into Rugby Union. The brand will work with Farrell to develop an apparel range and a signature boot, thereby marking also the first time that the company ...
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News briefs
Nike launches Yoon Ahn’s NBA female collection
Nike is introducing a new women’s capsule collection in partnership with the NBA that was designed by Yoon Ahn, the founder of Ambush and Dior’s Homme jewelry design director. Ahn is the first woman to design a line for Nike and the NBA. The new capsule collection comprises track pants, ...
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Article
Signa Sports United thrives amid the pandemic
Sport and exercise have never been more popular in Germany than they are at present, in the midst of the Covid-19 pandemic, says Signa Sports United (SSU), which claims to be Europe’s biggest e-tailer for sporting goods through its numerous websites. Gear for home and outdoor use has been selling ...
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News briefs
Accell names a new director for Benelux and Denmark
Accell Group has appointed Epco Vlugt as the new regional director of Accell Benelux and Denmark, effective Feb. 1, 2021. He will take over from Sten van der Ham, who is leaving the organization. Vlugt is the current managing director of Vélosophy, which is part of the Accell Group.
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News briefs
Superdry shuffles its management
Superdry has signed a permanent contract with its interim chief executive, Julian Dunkerton, who is also one of its founders. His temporary contract would have expired in April 2021. The brand has also hired a chief operating officer, Silvana Bonello, who will be moving to the U.K., reporting to Dunkerton ...
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News briefs
Polygiene wants to merge with Addmaster
Polygiene, the Swedish supplier of anti-viral solutions, is proposing the issue of new shares worth about 280 million Swedish kronor (€27.5m-$33.5m), subject to approval at an extraordinary shareholders’ meeting scheduled for Dec. 30, to help finance the acquisition of Addmaster Holdings, its U.K.-based supplier of anti-microbial additives for hard surfaces, ...
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News briefs
Wintersteiger creates a Nordic subsidiary
Wintersteiger, the Austrian supplier of ski rental and ski service systems, has decided to acquire Board & Ski Teknikk, a Norwegian company that has been its distributor for over 30 years, servicing the Swedish market as well. The move is linked to the retirement of the distribution company’s founder and ...
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News briefs
Katja Erbe quits Intersport
Following Mathias Boenke’s departure from the executive board of Intersport Germany in October, Katja Erbe, head of category management, will now be leaving the five-country retail group as well. In her position, she reported directly to Boenke. Her functions will be taken over by the company’s chief operating officer, Frank ...
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News briefs
S&P downgrades VF on Supreme’s acquisition
Standard & Poor’s has downgraded VF Corp., citing the high debt/Ebitda leverage of more than three times that will result from its planned $2.1 billion acquisition of Supreme. S&P thinks that a leverage of more than two times will persist at least until the fiscal year ending in March 2023, ...
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ArticleApex looks for strategic alternatives as sales sink by 17%
In reporting its latest quarterly results, Apex Global Brands said it is evaluating strategic alternatives, although its lenders agreed to extend their forebearance on a $40 million loan for three more months through March 31 in exchange for $2.5 million in additional fees. Lower licensees’ sales due to the pandemic, ...
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News briefsÅre Skidfabrik invests for the future
Åre Skidfabrik recently expanded its facilities near the Swedish ski resort of Åre by 50 percent. The expansion was part of the company’s largest single investment in its 40-year history, which has also allowed it to introduce new energy efficiency solutions.The company acquired two new machines for greater efficiency and ...
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Article
Canyon Bicycles has a new majority shareholder
Groupe Bruxelles Lambert (GBL), a major Belgian-based investment company, has agreed to take over majority control of Canyon Bicycles, the German bike producer known for its direct-to-consumer approach. Roman Arnold, a former supplier of bike components who founded the brand in 2002, will reinvest a significant part of the proceeds ...
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News briefs
Nike launches a new sub-label with Drake
Nike and Drake are launching a collaborative label, called Nocta. The name is a nod to the nocturnal creative process of the 34-year-old Canadian rapper, explained the brand. The collection will comprise a branded puffer jacket in yellow and black colorways, matching sweatpants, as well as logo socks and hoodies. ...
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News briefs
Drones as waiters at Michael Jordan’s ultra-exclusive golf club
Michael Jordan’s luxury golf club in Hobe Sound, Florida, the Grove XXIII, which has just under 100 invite-only members, caught some social media attention earlier this month when a video surfaced showing drones that were serving drinks and food to players on the course. The Grove XXIII, inaugurated in autumn ...
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News briefs
New dual sponsorship for a German football club
Puma and 11teamsports, the German online retailer, will together sponsor the FC St. Pauli football team, supplying the footwear and the apparel, respectively. Taking the place of Under Armour, they will dress up the team for at least two years, starting with the 2021/22 season. UA has been sponsoring the ...
