Latest Headlines – Page 25
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Footway Group announces extraordinary general meeting, restructuring nearing completion
E-commerce company Footway Group AB has convened an extraordinary general meeting for its shareholders on Jan. 25, 2024, at the company’s premises in Kista, Sweden. The company stated in a press release that it “will shortly apply for plan negotiations to complete the reconstruction formally,” and it is expected to ...
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Manchester United reaches agreement for Ratcliffe to acquire 25% of shares
After English soccer club Manchester United announced in November 2022 that its board was considering “strategic alternatives” to support the club’s future growth and success, Qatari investors briefly expressed interest in February of 2023. Last September, however, the Glazers family announced that they were taking the club off the market ...
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COP28: Outdoor & sports industries put reconnection with nature and physical activity on agenda
Read here how COP 28 went for representatives from the sporting goods and outdoor industry.
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Nike eyes innovation, cost cuts to drive future results
Citing increased macroeconomic headwinds around the globe, particularly in the EMEA and Greater China, Nike is stepping up its strategic approach to innovation and numerous cost-cutting measures to improve its financial results in the coming quarters. That effort will include greater emphasis on product newness and opportunities to slash ...
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Polar releases “2023: Reflected”, showing physical activity, sports, and sleep trends
Polar Electro announced the release of its “2023: Reflected” report, revealing global activity, sports, and sleep trends. With walking emerging as the second most tracked activity globally, this year’s findings confirm the commitment to moderate-intensity physical activity to stay active and nurture personal wellness. Walking makes up nearly 16 percent ...
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EU adopts supply chain directive
On Dec. 14, the Council and the European Parliament agreed on a preliminary version of the Corporate Sustainability Due Diligence Directive (CSDDD) and drafted a much stricter law than the German Supply Chain Due Diligence Act (LkSG), which already applies to large companies. As a result, human rights are anticipated ...
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China’s Bosideng takes strides toward net zero emissions and sustainable fashion
Bosideng is working to achieve net zero emissions and promote sustainable practices within the down apparel industry.
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Pádel Nuestro ups its year-end sales forecast
Pádel Nuestro Group is forecasting an increase in annual sales of 27 percent, to €65 million, for full-year 2023, according to CMDsport. This is up from November’s forecast of €62 million. E-commerce should account for about 55 percent of the total. In what parent company 360 Padel Group’s CEO is ...
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Surface-analysis company gets a funding boost
Raw Stadia, a Belgo-British company that produces a computer system for the analysis of natural playing surfaces, has raised €1.5 million in a funding round from such investors as LRM, Noshaq, LeanSquare, the former footballer Jan Vertonghen and the entrepreneur Bart Claes, CEO of JBC. According to Raw Stadia’s co-founder ...
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Puma brings two strategists to the chessboard
Puma has teamed up with Manchester City and Chess.com to publish an exclusive conversation between Spaniard and soccer coach Pep Guardiola and Norwegian and chess player Magnus Carlsen. The Puma ambassadors talked about memorable moments from their careers, explained strategies and tactics in both sports and shared tips and tricks ...
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Asics sells outdoor subsidiary to Chinese investor
Hong Kong-based venture capital firm LionRock Capital acquired the Swedish outdoor brand Haglöfs from Japanese sports manufacturer Asics on Dec. 18, 2023. “Asics has been a supportive and actively involved partner, providing invaluable assistance throughout our journey together. We are thrilled to start a new chapter with LionRock as ...
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A year in review for padel
Source: Playtomic Global Padel Report 2023 Monitor Deloitte and Playtomic have released their second annual Global Pádel Report, available online, and the results are rosy. Some predictions The report considers that the post-Covid boom is over and that the “surge” in club and court constriction has continued. ...
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Carolina Core: First MLS Next Pro club not to sign with Adidas
Carolina Core is the first football club in the US Major Soccer League (MLS) Next Pro not to be kitted out by Adidas. Adidas was, to this date, the sole supplier for all clubs due to an agreement with the MLS. Now, almost 30 years after the MLS was founded ...
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Zeal Optics introduces Re-Shred recycled goggle initiative
Colorado-based Zeal Optics has introduced the Re-Shred Goggle Initiative, a comprehensive commitment to winter sports goggles with a minimum of 70 percent recycled content in all goggle frames and straps under the motto “Reduce. Reuse. Re-Shred.” “As a brand rooted in a love of the outdoors, we believe that every ...
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Arena has become a Benefit Corporation
Arena has changed the legal status of its parent company in Italy to a Società Benefit, a purpose-driven corporate model known worldwide as “Benefit Corporation.” The transition was made with the support of Italy-based NATIVA - Regenerative Design Company, which supports companies in a radical evolution towards regenerative economic models. ...
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Moncler leads DJSI World and Europe for fifth consecutive year
For the fifth year in a row, Moncler Group maintains the top rank in the “Textiles, Apparel & Luxury Goods” segment in the Dow Jones Sustainability Indices World and Europe. The company obtained the highest score (89/100) as of Dec. 8, 2023. The Dow Jones Sustainability Indices (DJSI) measure the ...
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IOC rules on Russian and Belarusian athletes
The Executive Board of the International Olympic Committee (IOC) has decided to allow athletes with a Russian or Belarusian passport to compete in the 2024 Olympic Games in Paris as Individual Neutral Athletes (AINs). AINS must qualify for the games through the mechanisms set up and maintained by International Federations ...
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Under Armour makes proprietary fiber-shed test method publicly available
After years of research in its innovation lab, Under Armour (UA) announced a breakthrough fiber-shed testing method earlier this year to combat the invisible but formidable sustainability threat of microfibers and microplastics to society and the planet. Now, the brand has teamed up with James Heal, a leading provider of ...
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Puma partners with New Zealand Football Association
Shortly after announcing the end of the sponsorship of the Israeli and Serbian national football teams, Puma revealed on Dec. 13 a new long-term partnership with the New Zealand Football Association (NZF), set to begin in 2024. Led by Johan Adamsson, Puma’s Global Director of Sports Marketing & Sports Licensing, ...
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Atleet flying high for Tréndico
After five years in business, the Tréndico buying group’s newest retail banner, Atleet, is projecting record sales of more than €60 million for the full year 2023, according to CMDsport. This amounts to a gain of 18.5 percent over FY 2022’s figure of €55.7 million. Specialized in sportswear for training, ...