More about brands – Page 63
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News briefs
Mitre supports British campaign for the homeless
Backing a call for football clubs all over the U.K. to ditch their home shirts for their Boxing Day matches between Dec. 26 and 28, Mitre launched a specially designed Mitre x Shelter football on Dec. 10 on its website, mitre.com, pricing it at £12. The Pentland-owned brand has pledged ...
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News briefs
Adidas launches a new €4 billion share buyback program
Adidas has announced the launch of yet another share buyback program that will involve investments of €4 billion until 2025, starting in January 2022. It has already bought back €1 billion worth of shares this year. Adding annual dividend payouts in a range of 30 to 50 percent of net ...
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News briefs
Slinger posts higher losses while sales double in Q2
Sales jumped by 106 percent to $5.4 million in the second quarter ended Oct. 31 for Slinger, the company that started to deliver its innovative, portable Slinger Bag tennis ball launcher at the end of 2019. However, the company’s operating loss expanded to $35.1 million from a loss of $0.2 ...
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Article
New Era Cap is refinancing itself
New Era Cap wants to refinance its existing debt, including the convertible bonds held by a minority shareholder, ACON Investments, after scoring major improvements in sales and profits in the last few months. The actual revenues of the U.S.-based headwear and apparel company, controlled by the Koch family since its ...
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News briefs
New Reebok licensee for India
The Authentic Brands Group (ABG) has picked a new licensee for Reebok in India and other ASEAN nations: Bangladesh, Bhutan, the Maldives, Nepal and Sri Lanka. The Indian company, Aditya Birla Fashion & Retail Ltd. (ABFRL) is already ABG’s local licensee for Forever 21 and Van Heusen. It also works ...
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News briefsSafilo’s Smith brand introduces custom, 3D-printed goggles
Safilo Group, the Italian eyewear company, has begun 3D-printing products through its American brand of sports glasses, Smith, with what it calls Imprint 3D Technology. One result is the Smith I/O MAG Imprint 3D goggle, which it claims to be the “first custom goggle built to the individual features of ...
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ArticleNike acquires a London-based digital assets producer, RTFKT
Nike has acquired RTFKT (pronounced “artifact”), which the sportwear giant describes in its press release as delivering “next generation collectibles that merge culture and gaming.” The terms of the deal will not be disclosed, said NIke. Founded as a company as recently as January 2020 – by Benoit Pagotto, ...
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News briefsFoot Locker launches its Cozi label of women’s apparel
Foot Locker has announced the global launch of its first private label of women’s apparel, Cozi, presenting it as “an apparel brand designed for women who keep up with trends, love sneakers and crave premium wardrobe staples at an affordable value.” It will be exclusively available in multiple sizes online ...
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News briefsMade to be remade: How Adidas wants to trigger systemic change
Eight months after announcing the new project of a climate-friendly running shoe in collaboration with Allbirds, Adidas has reported the planned launch on Dec. 15 of its Futurecraft.Footprint. With 2.94 kg of CO2 emissions per pair, Adidas describes the shoe as a personal best for both brands. The Futurecraft.Footprint is ...
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News briefs
Nike’s website gets more visits than major fashion retailers
Nike continued to outperform various fashion retailers this year in terms of visits to its website on a global basis, according to an annual study by Semrush that uses Google data. Monthly visits to its websites averaged 120 million so far this year, 3.3 percent below the level of 2020, ...
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News briefs
Fendi collaborates with Arena and Thélios
Fendi, the Italian luxury fashion house owned by LVMH, is entering the sport of swimming through a limited-edition collection of high-performance caps and goggles, with special packaging, developed in collaboration with Arena and Thélios. They will become available in January. The swim goggles and the caps are supplied by Arena. ...
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News briefs
NBA to stream two games per week live in Norway
The NBA has signed a multi-year deal to stream two live games per week through the website of Norway’s top online newspaper, VG, which has a daily circulation of 2.4 million. There will also be “highlights, short-form content and articles.” The games will be exclusive to subscribers of VG+ Sport, ...
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ArticleGood 11-month results allow Accell to repay government Covid credit facility
The company’s growth in sales and profits so far this year will allow the Accell Group to fully repay its “Go-C” credit facility, issued during the Covid-19 pandemic, before the end of 2021. In this context, the Dutch company has also converted its existing revolving credit facility (“RCF”) from seasonal ...
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ArticleJohnson Outdoors boosts inventories, sees recovery in diving
Johnson Outdoors ended its financial year on Oct. 1 with a year-on-year increase of 71 percent to $166.6 million in its inventories. The company said it is focused on managing supply chain constraints and related costs, indicating that the demand for its fishing, camping, water recreation and diving products remained ...
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Article
Spektrum gets new financing to diversify and internalize
Spektrum, the Swedish-based brand of ski goggles and sunglasses, has raised 18 million Swedish kronor (€1.7m-$2.0m) from new partners in order to finance its future international development and the diversification of its product portfolio in the safety equipment sector, including helmets. Spektrum was founded in 2012 by a group ...
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Article
Lululemon bumps up guidance but Mirror struggles, airfreight costs rise
Lululemon Athletica increased guidance for sales and earnings guidance following a strong top and bottom line showing in the third quarter ended Oct. 31. The upgrade for the year came despite an unimpressive performance by its connected fitness business, Mirror, and higher airfreight costs amid ongoing global supply chain constraints. ...
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News briefs
New legal tussle between Adidas’ Primeknit and Nike’s FlyKnit
In the latest legal challenge over its labor-saving, knitted-upper Flyknit technology, Nike has filed a patent infringement suit in Oregon’s federal court against Adidas and asked the U.S. International Trade Commission to block imports of its latest Primeknit styles. The list of the products includes various lifestyle, football, running and ...
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News briefsThe Kapsul neck protector becomes an ingredient brand
Kapsul Tech has started to market its neck protection device, rebranded as Kapsul, as an ingredient brand. The Canadian company is promoting awareness for the neck as a vulnerable and poorly protected part of the body in a variety of sports, especially among younger athletes, who still have underdeveloped neck ...
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News briefs
CCM Hockey’s parent acquires two brands of figure, roller and inline skates
Sport Maska, owner of the CCM Hockey brand, has acquired Tournament Sports Marketing. Headquartered in Cambridge, Ontario, Tournament owns the Jackson Ultima brand of figure skates and the Atom brand of roller and inline skates. Marrouane Nabih, Sport Maska’s CEO, calls it “a strategic acquisition that allows us to expand ...
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News briefs
Zara to offer subscriptions for on-demand workouts through partnership
Zara has struck a deal with TRX Training, which will be offering Zara’s customers subscriptions to its digital fitness platform, called TRX Training Club, for on-demand and live guided workouts. In tandem, Zara will be selling the company’s signature TRX product, the Suspension Trainer (which resembles a pair of Olympic ...
