All Sporting Goods Intelligence articles in Volume 33, Issue 45+46 – Page 2
-
ArticleGulden returns to Adidas as CEO, Freundt heads Puma with immediate effect
Source: Maria Bayer / Puma CEO of Adidas from Jan. 1, 2023: Bjørn Gulden, currently CEO of Puma (until Nov. 11) On Nov. 8, the Adidas AG supervisory board announced the successor to its CEO Kasper Rorsted: Bjørn Gulden will be member and chairman of the executive ...
-
ArticleCoDi with record quarter, adds PrimaLoft to branded consumer segment
Net income from continuing operations in Compass Diversified’s (CoDi) branded consumer companies related to sports, outdoor and apparel (5.11 Tactical, Boa, Marucci Sports, PrimaLoft, and Velocity Outdoor) fell 25 percent to $15.3 million from $20.3 million for the period ended Sept. 30. Total sales from the five companies rose 16 ...
-
News briefsChanges at Elevate Outdoor Collective’s marketing and sales teams in Europe
Source: Elevate Outdoor Collective Max Anselstetter, director of marketing EOC Europe “In response to the specific demands of the future,” Elevate Outdoor Collective (EOC) is setting the course for the expansion of its marketing team. As such, Max Anselstetter is taking on the role of director of ...
-
ArticleL Catterton launches impact fund platform
Consumer goods-focused private equity firm L Catterton, owner of footwear brand Birkenstock, has announced the formation of an impact investing platform and the appointment of Tehmina Haider and Michael O’Leary as partners to lead the strategy. Called the Impact Fund, the platform will partner with the next generation of mission-driven ...
-
News briefsWolverine Worldwide appoints new lead independent director
Source: Business Wire Nicholas T. Wolverine World Wide, Inc. announced the appointment of Nicholas T. “Tom” Long as lead independent director of the company’s board of directors, effective Nov. 4, 2022. Long, who has been a member of Wolverine Worldwide’s board of directors since 2011 and currently ...
-
News briefsNike parts ways with Kyrie Irving, Kyrie 8 won't launch
Nike has suspended its relationship with Kyrie Irving, the American basketball player who competes with the Brooklyn Nets of the National Basketball Association (NBA). The decision was made in the wake of the controversy surrounding Irving’s recent social media post referring to “Hebrews to Negroes: Wake up Black America,” a ...
-
News briefsTechnogym posts 14.4% sales growth, with 47.1% increase in North America
Technogym, the Italian specialist in fitness equipment, has seen revenues increase by 17.4 percent, or 14.2 percent at constant currency, to €498,7 million in the first nine months of 2022. Growth was driven by B2C, with segment revenues doubling compared to the pre-pandemic period. The B2B segment also posted strong ...
-
News briefsAllbirds updates sustainability principles and objectives framework
Allbirds has provided an update to its main CSR plans on its website, giving an overview on achievements, changes and objectives settled in its sustainability report that was published in October 2022. Important notes are the new RSL list that will launch to Allbird’s suppliers in Q4, 2022, including guiding ...
-
Short stops
Short Stops Week 45, 2022
PRODUCT & MARKETING +++ New Balance and streetwear brand Aries have teamed up on a collaboration for Serie A club AS Roma that includes three custom jerseys, a pre-game jacket, pants and jersey, as well as a limited-edition jersey that portrays some of Rome’s iconic figures, including Julius Caesar, ...
-
News briefsLewis Hamilton joins the celebrity list of investors in TMRW Sports
Formula One driver Lewis Hamilton is joining TMRW Sports as an investor, the company has announced. TMRW Sports, a technology-focused venture that aims to bring innovative approaches to sports, media, and entertainment, was created in August by golf stars Tiger Woods and Rory McIlroy with NBC Sports veteran Mike McCarley, ...
-
News briefsLacoste parent appoints Carole de Montgolfier to CSO position
Source: MF Brands Group Carole de Montgolfier MF Brands Group has appointed Carole de Montgolfier to the newly established role of chief sustainability officer. She will report to Alexandre Nodale, the group’s deputy CEO. MF Brand’s portfolio includes Lacoste and Tecnifibre in sports as well as the ...
-
ArticleZalando continues to grow in Q3
In the third quarter of 2022, Zalando’s net loss widened to €35.4 million from €8.4 million a year as capital expenditure grew to €77.0 million from €57.7 million. However, the German online fashion retailer resumed sales growth after a weak first half. In the third quarter, the gross merchandise volume ...
-
News briefsPatrik Frisk acquires Swedish ski resort
Patrik Frisk, former CEO of Under Armour, has purchased a ski resort in Sweden. Branäs Group announced the sale of Ulricehamn Ski Center in Västergötland to Frisk and his family last Thursday. Frisk told Freeride magazine that he wants to give more young people, families and clubs in the region ...
-
ArticleAcushnet raises constant currency growth guidance but sees significant forex headwinds
Acushnet Holdings Corp. raised its full-year guidance for constant-currency sales growth to 9.0 percent to 10.2 percent from a previous range of 6.8 percent to 9.1 percent amid signs of resilience in demand for golf products but warned that it continues to face significant currency headwinds that will constrain reported ...
-
ArticleGoPro grows subscription sales by 7 percent; Q3 results impacted by currency
Currency headwinds from a stronger U.S. dollar impacted GoPro’s total revenues and gross margin in the third quarter. Still, the company was able to increase its subscriber base and service revenue by 55 percent and 48 percent, respectively, to 2.1 million and $21 million during the period. Revenues declined ...
-
ArticleRoblox surveys its own metaverse
According to Roblox’s “Metaverse Fashion Trends” report for 2022, the fashion world has embraced the immersive digital world – and customization is the name of the game for Gen Z in particular. People of this generation want not just to explore the metaverse but also to signal something about themselves ...
-
ArticleTopgolf Callaway tees off with record third quarter; lifts guidance
Topgolf Callaway Brands has lifted annual guidance after a record third quarter and said it continues to see the Topgolf operation as a key driver of growth that will contribute half of the company’s Ebitda in the near future. Group net revenue for the three months to Sept. 30 was ...
-
ArticleHavaianas’ growth in EMEA slows for Alpargatas
Alpargatas generated 5.4 percent (+21% currency neutral) sales growth to 132.0 million Brazilian reais (€32.5m) for its rubber sandal brand in the EMEA during the third quarter. Revenue per pair increased 4 percent in constant currency. Overall, Havaianas’ sales fell in all other geographic regions, although they increased by 36.5 ...
-
ArticleThe Women’s Sports Network is now live in the U.S.
Fast Studios, a Los Angeles-based streaming venture studio, announced that the Women’s Sports Network is now officially live. Supported by 12 professional women’s sports leagues and associations, including the WNBA, LPGA, U.S. Ski & Snowboard and Athletes Unlimited, the Women’s Sports Network is the one-stop shop for the best in ...
-
News briefsWilson announces partnership extension with NCAA
Wilson Sporting Goods has announced an extension to its partnership with the National Collegiate Athletic Association (NCAA) as the official ball of March Madness and the Final Four for both the men’s and women’s basketball championships and the National Invitation Tournament (NIT). In addition, the Big Ten Men’s and Women’s ...
