All Sporting Goods Intelligence articles in Volume 35, Issue 28+29 – Page 5
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News briefsJeff Bezos to sell $5 billion Amazon shares
Amazon founder Jeff Bezos plans to sell up to 25 million company shares worth about $5 billion, according to a recent Securities and Exchange Commission (SEC) filing. The notice was filed after market hours on July 2, when Amazon’s shares closed at a record high of $200 – the highest ...
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ArticleMichael Johnson launches new athletics league
American athletics legend and Olympic gold medalist Michael Johnson has launched a new league. It will be known as Grand Slam Track (GST). The professional track league, officially unveiled on June 18, will bring together 96 of the sport’s fastest stars in four annual Slams across four global cities during ...
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News briefsDP World Tour partners with J.Lindeberg
Swedish sports and fashion brand J.Lindeberg has become the official clothing supplier of the DP World Tour in an exclusive multi-year partnership. As part of the agreement, J.Lindeberg will outfit the tour personnel with a range of bespoke products at the DP World Tour’s 44 tournaments across 24 countries. In ...
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News briefsLululemon among backers of latest $65 million Samsara Eco funding round
Australian recycler Samsara Eco has raised about US$65 million in its latest funding round. Investors include Singapore state investment company Temasek, Hitachi’s venture capital arm, and Lululemon, which earlier this year started selling a jacket made from Samsara Eco’s recycled polyester. The latest round will be used by Samsara Eco ...
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ArticleIndian fabric supply chain startup raises $1.6 million
Fabriclore, an Indian technology-enabled fabric sourcing platform for fashion companies, announced that it has received $1.6 million in funding led by Bengaluru, India-based PeerCapital and UAE-based Regal Fabrics. Founded in 2016 by entrepreneurs Vijay Sharma, Sandeep Sharma and Anupam Arya, Jaipur-based Fabriclore owes its success to its eight years of ...
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ArticleBrussels to close tax loopholes exploited by Chinese marketplaces
The European Union’s plan to impose import duties on low-priced goods could significantly impact fast-fashion giants Shein and Temu. Both companies, known for offering trendy clothing at rock-bottom prices, could face major challenges if the proposed tariffs come into force. Currently, the duty threshold is €150 in the EU and ...
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ArticleFootway transfers e-commerce to new corporate group
Swedish Footway Group AB announced on July 4 that it is separating its e-commerce business as part of a strategic review. The separation is in line with the company’s efforts over the last four years to split e-commerce and platform into separate business areas. The company’s platform has grown significantly ...
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Short stops
Short Stops Week 27, 2024
ASSOCIATIONS +++ The International Olympic Committee (IOC) reaffirms its commitment to the protection of clean athletes and has allocated a new fund of $10 million to further support the development of the International Testing Agency (ITA) in the next Olympic Games (2025-2028) +++ PEOPLE +++ Carlo Capasa has ...
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