More about brands – Page 66
-
Article
Shelving IPO plans, ABG brings in two new investors
Placing on hold its plans to go public, as previously announced in July, the Authentic Brands Group (ABG) has decided to stay private. Instead of going for an IPO at this stage, some existing shareholders will sell significant stakes in ABG to funds advised by the private equity company CVC ...
-
News briefs
S&P improves Callaway's outlook to stable
Callaway Golf’s better-than-expected results have led Standard & Poor’s to upgrade its outlook for the company and its TopGolf subsidiary from negative to stable, while affirming their present credit ratings. Both S&P and Moody’s had been skeptical because of Callaway’s high debt and TopGolf’s losses. With Callaway reporting better sales ...
-
News briefs
McEnroe brothers to play Antarctica’s first tennis match
John and Patrick McEnroe, the legendary American brothers who have both retired from professional tennis, will be playing the first official tennis match to take place in Antarctica. The events company LegendsAbroad.com and the sports and entertainment agency Octagon are organizing a trip there for the occasion for an “intimate ...
-
News briefs
Zara partners with Joma for men’s athletic line
Zara has launched a line of fitness apparel and running shoes for men under its private label for sports products, Athleticz, limited for sale on its website and at some of its stores in Paris, Milan, Dubai, Manchester, Leidschendam-Voorburg (the Netherlands), Barcelona, Madrid and La Coruña (Spain). The Spanish brand ...
-
News briefsArena signs up a young Alaskan Olympic champion
Arena announced a sponsorship contract with Lydia Jacoby, the phenomenal 17-year-old Olympic breaststroke champion. It is described as the first such deal signed since the U.S. National Collegiate Athletic Association (NCAA) imposed its new NIL (name, image and likeness) rules last July 1st. Jacoby surprised everybody when she won the ...
-
News briefs
Another Nike Unite store opens in Spain
The second Nike Unite store in Spain has opened near Madrid, taking the place of a former regular Nike store in the Las Rozas The Style Outlets center. The first one opened earlier in Terrassa near Barcelona. Launched one year ago, the community-oriented retail concept has already been implemented in ...
-
News briefs
Nike raises its quarterly dividend
Despite the current supply chain challenges, Nike’s board of directors has decided to grant a quarterly cash dividend of 30.5 cents per share to its shareholder on Dec. 28, for an increase of 11 percent versus the previous quarterly dividend. Noting that this is the company’s 20th consecutive year of ...
-
Article
Yonex raises guidance as Q2 sales grow by 34%, driven by China
Yonex enjoyed a sales increase of 34 percent to 16.6 billion yen (€143.2m-$169.1m) in its second quarter, ended Sept. 30, leading the Japanese company to nearly double its net income to ¥2,396 million (€18.4m-$21.8m). The gross margin expanded by 3.5 percentage points to 46.7 percent. Sales grew in Japan by ...
-
News briefs
Moncler, Gildan and Adidas star in the DJSI
The 2021 edition of the S&P Global Dow Jones Sustainability Index lists Moncler in its Gold Class, Gildan in its Silver Class and Adidas in the Bronze Class. Three other sports companies – Asics, Puma and the Super Retail Group – were listed along with The Gap and companies in ...
-
ArticleOutdoor outperformed the athletic and casual footwear market in 2020, but…
It all depends on the brands that we include in three annual surveys that EDM Publications puts out every year for these three segments of the shoe market, some of which play in two different segments.
-
ArticleIndebted ManUnited to issue shares to its fans
Manchester United fired Ole Gunnar Solskjaer, the Norwegian team manager hired three years ago, after the English football club lost 4-1 against Watford on Saturday Nov. 20, its fifth defeat in the first seven matches of this season’s Premier League. The dismal score, which is infuriating the club’s fans, will ...
-
News briefs
New U.S. office for Amundsen Sports
Amundsen Sports, the Norwegian technical apparel supplier named after the famous Arctic explorer, has opened a “Clubhouse” on Pearl Street in Boulder, Colorado. The space will serve as the company’s North American head office, with a showroom and an event space to present its products. The brand has been selling ...
-
News briefs
Peloton sues iFIT and Echelon Fitness again
Peloton Interactive is suing iFIT and Echelon Fitness in a federal Delaware court, accusing them of infringing on its four patents for on-demand exercise classes and other features, including two patents inherited through its acquisition of Precor. Peloton sued Echelon in 2019 for patent infringement and for copying its business ...
-
News briefs
Peloton offers over $1.1 bn in new shares
With its cash flow turned negative by $522 million at the end of its September quarter, Peloton Interactive has decided to launch a secondary offering for 23.9 million Class A shares priced at $46 each to raise $1,099 million. It is also proposing an over-allotment of $150 million depending on ...
-
News briefs
Goldwin improves quarterly results
Goldwin has reported a 53 percent increase in net income to 1,397 million yen (€10.8m-$12.7m) for its second quarter ended Sept. 30 as its revenues for the period went up by 9 percent to 21.13 billion (€163.7m-$192.0m). In addition to its own brand, the Japanese group owns the distribution of ...
-
Article
Softer home fitness demand drives Beachbody into a loss
In its first financial report since going public, The Beachbody Company said it suffered a 17 percent decline in revenues to $208.1 million for the third quarter ended Sept. 30 because of a drop of 5 percent in online revenues to $94.1 million and a 29 percent decrease in Nutrition ...
-
ArticleFila's Q3 revenues inch up thanks to Acushnet, Europe is down
Fila Holdings saw group revenues in the third quarter ended Sept. 30 inch up by 1.1 percent to 927,065 million Korean won (€689.4m-$784.1m). However, the Fila brand’s revenues declined by 6.1 percent to KRW 321,194 million (€238.9m-$271.6m) without accounting for the previously reported strong contribution from Acushnet, the golf company ...
-
ArticleOn sees growth slowing down from 68% in Q3
In its first quarterly report since its successful IPO in September, On Holding reported a sales increase of 67.6 percent to 218.0 million Swiss francs (€206.9m-$234.5m) in the third quarter ended Sept. 30, leading to a growth of 77 percent for the first nine months of 2021. The gross margin ...
-
News briefs
While rising strongly in the Americas and Europe, Globeride is flat in Japan
For its second quarter ended Sept. 30, Globeride, the Japanese parent of the Daiwa brand of golf and fishing products, reported a 28 percent increase in net income to 2,621 million yen (€20.1m-$23.8m) on 12 percent higher revenues of ¥31.69 billion (€240m-$288m). Sales were affected by Covid restrictions in Japan, ...
-
News briefsCelebrating its 30th anniversary, Buff supports POW and other organizations
Buff is increasing its financial support for Protect Our Winters (POW) to more than $50,000 per year while launching a new collection that “recognizes the important work and culture” of the non-profit organization, founded in 2007 by the professional snowboarder Jeremy Jones. In addition, the Spanish brand of bandanas, which ...
