All Sporting Goods Intelligence articles in Volume 34, Issue 9+10 – Page 4
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News briefsAlpargatas takes legal action over missed equity purchase payment
Alpargatas, the Brazilian footwear and apparel group, wants Carlos Roberto Wizard Martins to pay up. In a Sept. 2018 purchase and sale agreement, the investor struck a deal to acquire a 22.5 percent stake in Alpargatas S.A.I.C. from Alpargatas S.A. A first installment of the remaining purchase price equaling Brazilian ...
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News briefsZalando reports a “healthy balance sheet” for 2022
Zalando has released its figures for 2022, stating that all financial figures came within the ranges of the updated company guidance despite a challenging economic backdrop. GMV grew 3 percent to 14.8 billion euros in 2022, with revenue stable at 10.3 billion euros compared with a year ago. Adjusted earnings ...
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News briefsA Day for Jake to take place for fourth time
Burton is once again inviting snowboarders across the globe and in eight participating winter sports resorts in Europe to celebrate the legacy of its founder Jake Burton Carpenter, who passed away in November 2019. In-person or digital activities are planned for March 11, 2023 in the resorts of Switzerland, France, ...
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News briefsSpanish police dissolve counterfeiting ring
Spain’s National Police in Elx (Alicante province, autonomous community of Valencia) have intercepted in Murcia some 70,000 counterfeit products, worth about €10 million, according to a report in Diffusion Sport. Among the items are 15,000 football kits, 2,000 pairs of sneakers, 30,000 sweatshirts and 5,000 pairs of jeans. The sting ...
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News briefsStarvie’s new head of sales
Pádel brand Starvie has hired José Antonio Galán Matamoros to be its sales director. He is joining the company from Milwaukee Tool, where he held the same title for a year. He has served in similar capacities at the sport, e-sport and entertainment agency Vanquish, the workwear company Industrial Starter, ...
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News briefsThe Athlete’s Foot acquires Sneakers Market S.A. in Greece
Lifestyle and footwear retailer The Athlete’s Foot (TAF) has closed the acquisition of Sneakers Market SA, a subsidiary of Fourlis Group that operates TAF stores in Greece. The deal follows the takeover of TAF globally by Arklyz Group in 2021 and marks the beginning of a new strategic direction for ...
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News briefsAuthentic Brands Group is reportedly interested in Hunter Boots
Authentic Brands Group (ABG), the owner of Reebok, is reportedly among the parties interested in Hunter Boot, according to Sky News. Neither ABG nor Hunter have confirmed the information, adds the report. Hunter, founded in 1856, is one of only ten companies to hold two royal warrants. The company is ...
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News briefsFútbol Emotion acquires Yulava Connect
Spanish sports equipment retailer Fútbol Emotion, part of Grupo Tansley, has added the Yulava Connect mobile application to its portfolio. The financial details of the transaction have not been disclosed. Yulava was founded in 2017 by Julián Ángel Daroqui and Jose María Viu. The Yulava app helps football clubs through ...
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News briefsIOC announces details of the Olympic Esports Series 2023
The International Olympic Committee (IOC) has announced details of the Olympic Esports Series 2023, a global virtual and simulated sports competition created by the IOC in collaboration with international sports federations and game publishers. The games features the following nine sports: archery (World Archery Federation, Tic Tac Bow) baseball ...
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News briefsInternet spending continues to grow in the EU
In 2022, 91 percent of people aged 16 to 74 in the European Union used the Internet, according to data from the latest annual survey on the use of ICT in households and by individuals, released by Eurostat. The proportion of e-shoppers jumped from 55 percent in 2012 to 75 ...
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ArticleXponential Fitness posts operating profit in Q4, FY22
Xponential Fitness, the global franchisor of boutique fitness brands, reported Q4 operating income of $2.6 million against an operating loss of $26.9 million for the period ended Dec. 31. The Q4 net loss was $367,000 against a loss of $29.8 million. Total revenues rose by 44 percent to $71.3 million ...
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News briefsAdidas and Yohji Yamamoto celebrate 20 years of their partnership in Paris
Adidas is celebrating the 20th anniversary of its partnership with Japanese fashion designer Yohji Yamamoto with a pop-up retail and exhibition space in Paris. The sports brand and Yamamoto came together two decades ago for Y-3, a label that combines sportswear with the designer’s lens. At the Parisian pop-up, hosted ...
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ArticleWomen in leadership in the sporting goods industry
We conducted our biggest ever survey of senior management, to find out how many women hold leadership roles. The results may surprise you.
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Short stops
Short Stops Week 10, 2023
CORPORATE & M&A +++ Oerlikon has closed the acquisition of accessories and zipper provider Riri that was agreed upon in December 2022 +++ Hohenstein, which has recently announced the opening of a testing lab in Shanghai, has acquired the QAT Services Limited lab in Hong Kong +++ American tennis player ...
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News briefsMichael Jordan’s 1983 Converse sneakers go up for auction
Source: Infinite Auctions Michael Jordan’s 1983 Team USA Game Worn Sneakers Sports fans and collectors will soon have a unique opportunity to own a piece of basketball history when Michael Jordan’s game-worn sneakers from the 1983 Pan American Games are auctioned off at Infinite Auctions. The iconic ...
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News briefsFrench Ministry of Sports to establish ethics committee
France’s minister of sports and Olympic and Paralympic Games, Amélie Oudéa-Castéra, has announced the creation of a “national committee to strengthen ethics and democratic life in sport.” The committee will comprise qualified personalities from all horizons, the minister said. Once installed, it is expected to present proposals for a reform ...
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News briefsBritish sports retailer reportedly interested in Go Sport
According to Sport Guide, which refers to “several concordant sources,” Frasers Group plans to make an offer for Go Sport, the French retailer currently undergoing a rough patch. Go Sport, which operates 223 stores in France, was placed in receivership by the Commercial Court of Grenoble in January. The court ...
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News briefsFIFA is reportedly considering taking over the Stade de France
According to French sports daily L’Equipe, FIFA is considering taking over the Stade de France after the football governing body’s president, Gianni Infantino, discussed the matter with France’s president Emmanuel Macron during a meeting in Paris last month, the report says. FIFA has, however, denied its interest in purchasing the ...
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News briefsNew ski collection from Porsche and Head in historic rally design
Following the launch of their first joint products last fall, Head and Porsche continue their successful collaboration. The second-generation Porsche | Head Ski Collection once includes two ski models, ski apparel, and equipment and picks up on the iconic design of the new 911 Dakar. The blue and white color ...
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News briefsPuma replaces kangaroo leather with K-Better material
Puma has revamped its legendary King soccer shoe, worn in the past by stars such as Johan Cruyff, Diego Maradona, Eusébio, Lothar Matthäus and Pelé, by introducing new K-Better™ technology to deliver the same great performance without kangaroo leather. The new King’s upper, which contains at least 20 percent recycled ...
