More about brands – Page 65
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ABG sees Reebok reaching $10 bn at retail
Jamie Salter, CEO of the Authentic Brands Group (ABG), told Footwear News that he sees Reebok growing by more than 20 percent in 2022, generating more than $5 billion worth of sales at the retail level. He added that ABG’s goal is to take the brand’s retail sales up to ...
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Hydro Flask’s owner adds Osprey Packs
Helen of Troy, the American group that owns Hydro Flask and many other operations, has announced that one of its subsidiaries has entered into a definitive agreement to acquire Osprey Packs, the backpack manufacturer founded in California in 1974. The group said it sees synergies with its Hydro Flask drinkware ...
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VF promotes Nina Flood to president of global packs
Source: VF Corp Nina Flood VF Corp. has appointed Nina Flood as president, global packs for Eastpak, JanSport and Kipling. She has most recently served as president of Eastpak, after a long career at two other VF brands, Nautica and Kipling. Flood joined VF in 2003 after ...
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Lululemon countersues Peloton over its activewear
Lululemon Athletica launched its threatened lawsuit against Peloton Interactive over the latter’s new activewear line in the federal court for Central California on Nov. 29. Lululemon had sent a cease-and-desist letter to Peloton on Nov. 11, claiming potential infringement of six design patents by five items in the latter’s collection. ...
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Casall grows by 21%
Casall Sport, the Swedish supplier of fitness clothing and equipment, grew by 21 percent to 267 million Swedish kronor (€26.0m-$29.4m) in the past financial year, ended on Sept. 30, leading to a fivefold increase in profits according to Sportfack. In June 2020, when Hanna Hedlund became the company’s CEO, Casall ...
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Nike and others pay tribute to Virgil Abloh upon his death
Virgil Abloh, the visionary American fashion designer behind the nine-year-old Off-White brand of streetwear, died of cancer on Sunday Nov. 28, aged 41. While his collection consists mainly of clothing, including many sweatshirts and some jogging pants, Nike has been partnering since 2016 with Abloh on some special sneakers, with ...
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A new COO for Boardriders
Boardriders has appointed Deborah Palmer Keiser as chief operating officer, according to Shop-Eat-Surf. Replacing Colin Smith, who served as COO on an interim basis, she will start her job at the company’s head office in California on Dec. 13. Keiser has been most recently the president of Timbuk2, the California-based ...
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Peloton sues Lululemon
Peloton Interactive filed a lawsuit in a Manhattan federal court on Nov. 24 against Lululemon Athletica, a former partner with which it subsequently parted amicably. It appears that the American supplier of connected fitness equipment is seeking to head off a likely legal challenge from the Canadian-based sports apparel company, ...
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On takes over the distribution in Spain
CMD Sport reports that On Running will take control of its business in Spain through its own subsidiary. The Swiss brand has officially announced the consensual termination of its business relationship with Siker Sport, which has been distributing On over the past seven years. As of Jan. 1, 2022, the ...
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Pusu teams up with Spinnova for more sustainable skis
A five-year-old Finnish manufacturer of skis and snowboards, Pusu, has decided to partner with Spinnova, using its sustainable fibers to replace carbon and glass fiber as a durable, composite reinforcement material to go with wood. The company has already started pre-selling the first model of skis made with Spinnova for ...
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Nike debuts virtual world on Roblox
In early September it was Vans. Now Nike has established a virtual world on Roblox, the virtual environment and platform for multi-player video games. In Nike’s case, however, the move could relate to a whole new business. As we reported in December of last year, the American sportswear giant has ...
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News briefs
Nike settles with Skechers
Nike and Skechers have reached a settlement at undisclosed conditions of their long-standing legal battle, putting an end to three intellectual property lawsuits after the mediation of a judge for the Central District of California. The dispute started in January 2016, when Nike accused Skechers of using design elements of ...
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Nike cancels orders in the U.S.
A tweet circulated by Brendan Dunne of Complex, which reports mostly about sneakers, has raised new doubts about the Swoosh’s ability to service its retail clients in the U.S. due to the current supply chain disruption, sending down slightly Nike’s share price and that of some major U.S. retailers. Dunne ...
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French pioneer in snowboard bindings has passed away
Robert Emery, a French pioneer in the development and manufacturing of snowboard bindings, has passed away at the age of 68. He inherited a factory that was making camping accessories and other products from his father Roger in 1948. The eponymous firm, Emery; then developed a series of ski bindings ...
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Moncler designs skins for Fortnite
Moncler has released a set of digital outfits, known as gaming skins, and some accessories for the video game Fortnite, developed by Epic Games. Making their debut on Fortnite’s Item Shop on Nov. 20 – the evening of the present century’s longest lunar eclipse – the skins are patterned after ...
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Reebok offering rebates through Bitcoin platform
Reebok has struck a deal with a rewards platform called Lolli. Customers can download Lolli as a browser extension or iOS app, activate the Reebok option and earn rebates of up to 6 percent in Bitcoin on their online purchases of Reebok products. Founded in 2018, Lolli raised $10 million ...
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Rapha co-founder to step down
Rouleur magazine reports that Simon Mottram, a co-founder of Rapha, will step down as CEO of the British cycling apparel brand, taken over by L Catterton in 2016, after 17 years in the position. Mottram co-founded Rapha in 2004 with Luke Scheybeler, drawing inspiration from Team Rapha-Géminiani, a cycling team ...
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Canada Goose names luxury goods expert as president of Asia-Pacific
Source: Canada Goose Paul Cadman Canada Goose has appointed Paul Cadman as president for the Asia-Pacific region. The role includes all business activities from commercial and financial to marketing across the APAC region, including Greater China, Japan, South Korea, Australia and New Zealand. He succeeds Scott Cameron, ...
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Rossignol sells Felt Bicycles to Pierer Mobility
The Rossignol Group has agreed to sell its American brand of road and racing bicycles, Felt, to the Pierer Mobility Group, a European leader in “powered two-wheelers,” including motorcycles and e-bikes, based in Austria. In announcing the move, without mentioning the agreed price, the French company explained it with a ...
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EuroSIMA launches surf podcast
EuroSIMA, the European surf industry association, is launching a podcast on the surfing business. Produced with Impact Zone Surf Podcast, Inside Eurosima, as the podcast is called, will be taking listeners “behind the scenes into the heart of the Actions Sports industry” and the artists, entrepreneurs and executives behind it. ...