All Sporting Goods Intelligence articles in Volume 32, Issue 37+38 – Page 3
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News briefs
A new Berlin-based sports brand, Winqs, is going fully green
Winqs, a new brand of footwear, apparel and accessories that aims to cover many sports categories, hopes to replace traditional materials with much more expensive yet fully sustainable ones, without sacrificing performance or raising prices too much. The Berlin-based brand told the Swedish trade paper Sportfack that all of its ...
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News briefs
VF executive takes over Eagle Creek
Travis Campbell, a former consultant with Andersen and a former Deloitte consultant who had been in charge of emerging brands at VF Corp. until a few weeks ago, has acquired all the assets of Eagle Creek, a daypack and travel luggage brand founded in Colorado in 1975 that VF took ...
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News briefs
Online sales help Björn Borg to book a record Q2
Strong online sales and savings in operating costs launched in 2020 helped Björn Borg to book the best second quarter in the Swedish company’s history. Total net revenues for the three months ended June 30 reached 162.8 million (€16.0m-$18.9m), an increase of 10.0 percent from the year-earlier period. The company’s ...
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News briefs
Dassler family behind new fund for sports technology startups
A new $30 million equity investment fund, the Lake Nona Sports & Health Tech Fund, has been set up to help about 20 early-stage startups in the areas of fan engagement, connected athletes, health and well-being to bridge the gap between seed investment and pre-Series A funding. Its portfolio already ...
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News briefs
Whoop moves into smart apparel
Whoop, the growing fitness subscription service operating out of Boston, is releasing a line of smart apparel that monitors athletic performance. Whoop Body incorporates a set of sensors, called Any-Wear Technology, that connects to the simultaneously released Whoop 4.0, the latest edition of the company’s app-based, round-the-clock digital coaching service. ...
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Short stops
Sept. 7/8 Short Stops: Allbirds - China Fish - Decathlon – Dior - FootJoy – Head - Jordan - Lenzing - Life Fitness - Prince/Reebok - Racer - The Athlete’s Foot
Corporate: +++ A private equity company, Capidea, has acquired the majority of the shares in the Westin and Kinetic brands of fishing tackle products from Denmark’s Fairpoint Outdoors, without a change in their top management +++ Racer, a French manufacturer of ski and other sports gloves ...
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News briefs
Golden Goose celebrates 20 years with a skate bowl in Venice
According to FashionNetwork.com, Golden Goose recently celebrated its 20th anniversary in Venice. For the occasion the Italian brand of distressed sneakers and streetwear brand took a 13-year-old wooden skate bowl – kept until then inside a former cinema in Milan – and had it floated to the Venetian lagoon, where ...
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News briefs
Columbia readies launch of its new metallic-dot insulating lining, Omni-Heat Infinity
Columbia Sportswear has announced a patented, NASA-inspired entry in its Omni-Heat line of insulating linings. Its new Omni-Heat Infinity insulation, says the brand, is a “gold metallic lining material in a pattern scientifically engineered to optimize warmth and breathability.” Its gold metallic dots “reflect and retain natural body heat […] ...
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News briefs
Callaway and acquired brands perform better than expected
Callaway Golf Company has upgraded its guidance for the third quarter and the full financial year after mitigating some supply issues and registering higher-than-expected results at TravisMatthews, Jack Wolfskin and Topgolf in July and August. The group said it has successfully shifted some production out of Vietnam to avoid Covid-related ...
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News briefs
Revo builds up its golf business in Europe
Revo Sunglasses has announced the expansion of its Revo Golf division to the U.K. and the European mainland under the leadership of Grahame Jenkins, a 35-year veteran of the golf industry who owns Tee to Green, a monthly golf magazine distributed in all the 400 golf clubs in Ireland. He ...
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News briefs
VF board member steps down, reportedly over her views on racism
VF Corp. announced that Veronica Wuu has decided to step down as one of the 12 members of the group’s board of directors, pointing out that this was not the result of any disagreement on any matter relating to VF’s operations, policies or practices. Wuu had joined the board in ...
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News briefs
Asics invests in the training of fitness coaches
Asics Ventures has made an investment in Deportare Technologies, a Japanese firm that operates an online fitness academy that is supposed to train fitness coaches, certifying them as “healthcare catalysts.” The company was set up in July 2020 by Yuma Takashita, the founder of the exclusive Deportare Club in Tokyo, ...
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ArticleExpanded: First financing for a new, sustainable online marketplace for sports goods, Planetics
A Munich-based startup, Planetics, has successfully closed its first financing round for its online marketplace for sustainable and fairly produced sporting goods. The exact investment sum was not disclosed, but the founders indicated a “six-figure” range of between €100,000 and €999,000. The capital raised will primarily be used to further ...
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Case StudyPrivate sales clubs find new ways to command customer loyalty
Private Sport Shop has experienced impressive growth to become the number one private sales club in the sports sector. It has done so by focussing on customer loyalty, recruiting wisely and spotting trends early.
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ArticleExpanded: On Running to be valued at over $5 bn
Providing further details about its planned public offering, On Holding said it plans to raise net proceeds of around $448.6 million by offering a total of 31.1 million shares on the New York Stock Exchange at a unit price of between $18.00 and $20.00. Out of the total package being ...
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Article
Big Chinese sports apparel manufacturer vaccinates its workers
While reporting lower profit margins, Shenzhou International warned that its overall annual production capacity will be reduced by one to two percentage points for every 14 days of anti-pandemic measures being taken. The leading Chinese sportswear manufacturer arranged vaccinations for its workers in Cambodia, allowing them to return to work ...
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News briefs
Out Of comes out with electronic photochromic sunglasses
An Italian startup, Out Of, is launching its first collection of sunglasses for cycling and other outdoor sports equipped with an award-winning lens, called Iris, that adapts to the ambient light in less than a second, using a small solar cell that powers a microchip and a special liquid crystal ...
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News briefsDecathlon’s communication director has passed away
We deeply regret the death on Sept. 5 of Xavier Rivoire, who has been in charge of international communication for Decathlon in the past few years as Decathlon United Media Leader. He was 53 years old. The cause of his death has been described as having been “brutal.” Rivoire joined ...
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News briefsUnder Armour partners with El Corte Inglés for its new sports-focused store in Barcelona
Under Armour has opened a new 500-square-meter space in the centrally located department store of El Corte Inglés at Portal del Angel in Barcelona, which is being remodeled to focus on sports brands, with UA acting as the main partner. It also hosts the first Nike Live store in Europe, ...
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News briefs
Symphony Holdings grows by 82%
Symphony Holdings has reported an 82 percent increase in revenues to 221.9 million Hong Kong dollars (€24.1m-$28.6m) for the first half of this year. Branding revenues from Arena products, licenses for Pony and Skins, and the healthcare business jumped by 155 percent to HK109.8 million (€11.9m-$14.1m). Symphony has a joint ...
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