Latest Headlines – Page 100
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ArticleA digital expert will be Wolverine’s new CEO
Blake Krueger, who was reported a few weeks ago to be 66 years old, with a net worth of more than $40 million, is gradually relinquishing his functions at Wolverine Worldwide, where he has worked for 28 years. The 52-year-old Brandan Hoffmann, who took his place as president of the ...
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ArticleStudy shows cross-border online shopping habits of Europeans
Cross-Border Commerce Europe (CBCommerce), a Brussels-based platform promoting cross-border online commerce in Europe, has examined and evaluated the 16 strongest European countries in terms of both consumer behavior and business performance in cross-border online shopping, which generated sales of €146 billion in 2020 (excluding the travel segment) in the EU, ...
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Fast-growing Time2padel expands in Italy, Sweden and Chile
Time2padel, a Spanish pádel retailer which also owns the Padelmania banner, is embarking on a major international retail expansion through franchises and “corner” shops at pádel clubs, according to a report in CMDsport. This year in Italy it will be adding two new franchises, in Naples and Palermo, to the ...
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ArticleBd-capital invests in the SportPursuit shopping club
SportPursuit, a flash sales website for premium outdoor and sports gear currently selling mainly in the U.K. and Germany, announced its partnership with bd-capital, a pan-European, operationally managed private equity firm established in 2019 in London. According to a company statement, bd-capital’s investment, whose terms were not disclosed in a ...
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Amer will contribute to double Anta’s H1 net profit
Amer Sports’ profitability is apparently improving faster than that of the rest of the Anta Sports Group. In a profit warning, Anta, which heads up the joint venture that took over the group two years ago, says it expects a decline in the losses of a joint venture, which we ...
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ArticleBig business on social media: Where digital natives shop
The plain “Buy now”-button seems to be a thing of the past. Online shopping is reducing friction, getting more intuitive, more fluid – and more social. “Social commerce” – or “social shopping” – is the fastest-growing distribution channel worldwide. Shoppable posts and stories allow brands and users to tag specific ...
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ABG places Apex’ former CEO in charge of EMEA
The Authentic Brands Group (ABG), the rapidly expanding New York-based brand ownership and licensing group founded and run by Jamie Salter, has set up a subsidiary for the EMEA region in London and hired Henry Stupp to run it. As president of ABG EMEA, he is tasked of driving ABG’s ...
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ArticleJohn Colonna takes the helm at K2-MDV
After three years as president of K2 Sports, John Colonna has been named president and CEO of K2-MDV Holdings. Based in Seattle, he will be responsible for the Marker Dalbello Völkl (MDV) and K2 Sports businesses, overseeing the global presence of all its brands and their products including K2 skis, ...
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A vertical in Vancouver buys Reigning Champ in the same town
Aritzia, a vertically integrated designer and retailer of everyday women’s luxury clothing, has agreed to acquire Reigning Champ, a designer and manufacturer of premium athletic wear for men and women. Like Arc’teryx or a much larger vertical sports apparel company, Lululemon Athletica, both companies operate out of Vancouver. Founded in ...
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ArticleAmnesty Int’l alleges crimes against humanity in Xinjiang
Amnesty International has released a 160-page report titled “Like We Were Enemies in a War”: China’s Mass Internment, Torture and Persecution of Muslims in Xinjiang. Since 2017, Amnesty argues, Chinese authorities have been using “one of the world’s most sophisticated surveillance systems and a vast network of hundreds of grim ...
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New criticism for JD Sports’ executive compensation policy
New criticism has emerged against the compensation package agreed for Peter Cowgill, the forceful executive chairman of JD Sports Fashion. A shareholder advisory service, Glass Lewis, is calling on investors to vote against the “inappropriate” pay policy of the company, which is controlled by the Pentland Group, at its annual ...
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ArticleEnda’s Kenyan shoes land in Europe
Enda is a special brand of running shoes assembled in Kenya, a country that has become famous for producing some of the world’s greatest distance runners. Started in Kenya four years ago, it is only now beginning to be sold in a few European stores, for the moment only in ...
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Head will be run by a team
As previously reported in SGI Europe, Johan Eliasch is stepping down as CEO of the Head group, effective immediately, in connection with his election on June 4 as the new president of the International Ski Federation (FIS). As the majority shareholder of the Austrian-based company, which he took over in ...
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Nice Footwear considers reshoring and acquisitions
Nice Footwear, an Italian footwear licensing company that also owns the Kronos brand of sports shoes, is considering a reshoring of its production from the Far East to Italy and the launch of e-commerce. Specializing in the design and sourcing of sneakers, the company has a team of 21 designers ...
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ArticleEliasch quits as Head’s CEO
It’s now official. As previously reported, Johan Eliasch had pledged to step down as CEO of Head if he would be elected president of the International Ski Federation (FIS), which actually happened on June 4. A statement from Head has confirmed his resignation – effective immediately - as CEO of ...
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ArticleGoogle is fined €220m in France over its ad auction processes
France’s Competition Authority (Autorité de la Concurrence) has fined Google €220 million for “having abused its dominance of the ad-server market with respect to publishers of websites and mobile applications.” The authority calls this “the world’s first ruling on the complex algorithmic auction processes by which online ‘display’ advertising functions.”
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G7 agree to a global minimum tax for tech firms
According to their announcement of June 5, the finance ministers of the Group of Seven (G7) – Canada, France, Germany, Italy, Japan, the U.K. and the U.S. – have agreed to require multinationals to pay a global minimum income tax rate of 15 percent in the countries where they do ...
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ArticleBike and sports e-tailer Bike24 plans to go public in 2021
In September 2019, The Riverside Company bought back German e-commerce retailer for cycling, outdoor, fitness and swimming products, Bike24 GmbH, from a big British cycling e-commerce operator, Wiggle CRC. The private equity company had sold the continental European cycling online platform to the British industry giant in 2017, but that ...
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ArticleIntersport lays out a three-part strategy for Spain
Intersport Spain has set forth a strategic plan for the next three years, 2021-23, to bolster its brand and rejigger its inner workings.
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UCI announces Sustainability Guidelines and Sustainability Targets
The Union Cycliste Internationale (UCI) has announced the approval of two key elements of its sustainability strategy: Sustainability Guidelines and Sustainability Targets. The Sustainability Guidelines document sets out recommendations for all cycling stakeholders with practical advice, case studies and detailed checklists enabling sporting organizations worldwide to integrate sustainable practices ...
