More about brands – Page 61
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News briefs
Adidas launches community program with Arsenal FC
In collaboration with the Arsenal FC, Adidas has launched an inspirational campaign, called “No More Red,” against knife crime and youth violence. In addition to refurbishing a pitch near the Emirates Stadium, where the English Premier League football club plays, the two partners are setting up a mentorship program in ...
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News briefsHummel raises funds for the LGBTI community
“We unite in our differences. We unite in sport,” says Hummel, announcing that it has raised £12,472 (€14,960-$16,890) for the Everton football club in the U.K. through the sale of a limited edition of Everton rainbow warm-up shirts. The amount will go to the club’s Community Youth Engagement Program, specifically ...
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ArticleMojo Vision partners with sports apps
Mojo Vision, a provider of smart contact lenses based in California, has established partnerships with five connected-fitness platforms: Adidas Running, the German sportswear company’s digital-tracking division; Trailforks, a trail-mapping service for cyclists and hikers; Wearable X, provider of smart haptic fitness apparel; Slopes, an iOS, Android and Apple Watch app ...
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News briefsChange of leadership at Chris Sports
Christian Bättig, owner and founder of Chris Sports, a Swiss importer for numerous sports and bike brands for Switzerland and some other countries, has handed over the reins of management to the company’s previous chief financial officer, Andreas Guglielmo, effective Jan. 1. Guglielmo has been with Chris Sports for more ...
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News briefs
New Reebok licensee for Greater China
Tristate Holdings, a licensee of the Authentic Brands Group (ABG) for its Nautica and Spyder brands, has been selected as the licensee for Reebok in China, Hong Kong, Macau and Taiwan after its takeover from the Adidas Group. It will manage all wholesale and retail operations for Reebok in the ...
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News briefs
Adidas starts new share buyback program
Adidas announced the start of the first tranche of its new multi-year share buyback program, announced in December 2021. As part of the program, the company intends to repurchase up to €1 billion worth of its own shares during the first quarter of 2022 alone. The company, which already completed ...
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News briefs
Lululemon appoints new CEO for Mirror
Michael Aragon is to become the CEO of Mirror and Lululemon Digital Fitness on Jan. 17. He will be overseeing the development and expansion of Mirror’s digital platform and report to Lululemon’s CEO, Calvin McDonald. For the past five years Aragon has been chief content officer at Twitch, the livestreaming ...
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AnalysisAnalysis: The industry’s market cap rose by 9.5% in 2021
This exclusive chart shows the development in the market capitalization of the top 88 stock-listed sporting goods companies between the end of 2020 and the end of 2021. This is exclusive data and analysis for Professional Members.
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News briefs
Revo to sponsor an Italian mountaineering association and the World Pro Ski Tour
Revo has announced two important ski-related sponsorships at the start of the new year. The American brand of sports and sunglasses has become the official eyewear sponsor of both an Italian association of mountaineering guides, Società Guide Alpine Courmayeur. It will also be the sponsor of this year’s edition of ...
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News briefs
ABG cancels its IPO registration
The Authentic Brands Group has officially withdrawn the application that it had made with the U.S. Securities & Exchange Commission on July 6, 2021 for an initial public offering. ABG, which is still in line to take over Reebok before the end of the current quarter, had indicated in November ...
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News briefs
Nike sues Lululemon for patent infringement
Nike has filed a suit in U.S. District Court in Manhattan against Lululemon Athletica, alleging the infringement of six U.S. patents by the latter’s Mirror Home Gym and related apps, reportedly after Lululemon summarily rejected Nike’s demand to stop the alleged infringements. The Mirror is an interactive, wall-mounted screen that ...
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News briefs
A new sustainable collab between Adidas and Prada
Adidas has unveiled a new partnership with Prada with a sustainable twist. The new Adidas for Prada Re-Nylon collection consists of a wide range of Adidas Originals products made in Italy with the permanently recyclable Re-Nylon fabric introduced by Prada in 2019, which is made by recycling textile waste and ...
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Article
Fanatics buys Topps, boosting its international sports collectibles business
Fanatics announced the acquisition of Topps’ sports & entertainment division, covering its worldwide online and offline business with trading cards and collectibles, in a deal said to be worth about $500 million. Topps had sales of $567 million in 2021. About 60 percent of the revenues came from the operations ...
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Article
Reassuring investors, Crocs touts Hey Dude’s potential
As previously reported, both Moody’s and Standard & Poor’s placed Crocs’ credit rating under review after the American clog producer announced the $2.5 billion acquisition just before Christmas of Hey Dude Shoes (or Heydude), an Italian casual footwear brand that is primarily distributed in the U.S. Both agencies expect that ...
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News briefs
New Balance stores in Iberia are due to close
The 22 mono-brand stores of New Balance in Spain and Portugal are reportedly going to be shut down by Jan. 15, as they will be no longer supplied with products following the non-renewal of a five-year-old retail store licensing agreement with a Spanish company, Experience Group. The latter was notified ...
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Article
ABG and Puma circle over the Beckhams
The Authentic Brands Group (ABG), which is in line to complete its acquisition of Reebok during the first quarter of 2022, has reportedly signed a deal to buy 55 percent of the shares in DB Ventures from David Beckham for $269 million. The company manages the former popular English football ...
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News briefs
Escalade buys Brunswick Billiards from Life Fitness
Escalade has agreed to take over Brunswick’s billiards business from Life Fitness. Brunswick has been selling billard tables and related products since 1845. Escalade is already involved since 1977 in the sector and the broader indoor recreation market. Aside from Stiga tennis tables and Accudart and Uncorn darting products, it ...
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News briefs
New CFO and new COO for Clarus
Clarus Corp. has appointed a new chief financial officer, Michael J. Yates, taking over one of the functions of Aaron J. Kuehne, who has been promoted to the new position of executive vice president and chief operating officer of the parent company Black Diamond and an increasing number of other ...
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News briefs
Puma incentivizes suppliers for sustainability via liability insurance
Puma has set up new incentives for suppliers to abide by its Sustainability Handbooks and Code of Conduct. The German sportswear company, which has been auditing the social and environmental footprint of its manufacturing partners for many years, claims to have been the first to offer them better financing terms ...
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News briefs
New Balance goes direct in three more Eastern European countries
New Balance has further extended its control over the distribution of its products in Europe. It has taken it over from Aspire Sports for the markets of the Czech Republic, Slovakia and Hungary, with effect from Jan. 1. Its business in those three countries will be run by its Polish ...
