More about brands – Page 86
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Article
Recreational trends benefit Thule
Continuing its strong growth trend for the fourth quarter in a row, the Swedish-based Thule Group reported improved results for the second quarter ended June 30. Net sales went up by 58.1 percent to 3,229 million Swedish kronor (€315.5m-$371.4m) as compared to the same period a year ago, when major ...
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News briefs
Echelon Fitness contemplates financial options
Echelon Fitness, a direct competitor of Peloton Interactive in the connected home fitness market, is evaluating new options to raise its valuation, according to Bloomberg, as its revenues are expected to more than double this year after rising by about 500 percent in 2020 to around $100 million. The options ...
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News briefs
Sony sues Gymshark for misuse of songs
Sony Music has filed suit against Gymshark in the U.S. federal court for Central California for copyright infringement in its social media campaigns. Its complaint states that the British DTC brand of fitness apparel, which recently set up an office for the U.S., “misappropriated hundreds of the most popular and ...
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News briefs
GK Elite will outfit Team USA gymnasts at Tokyo 2020
GK Elite apparel will be worn by Team USA gymnasts on-mat at the Tokyo 2020 Olympics through the brand’s official apparel sponsorship of USA Gymnastics, the national governing body for the sport in the U.S. GK has been the manufacturer of previous Olympic Games garments, but Tokyo will mark the ...
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News briefs
Ecco USA's president retires
Dave Quel will retire at the end of the month as president of Ecco USA. Klaus Flock, the chief financial officer of Ecco USA, will take over the job on an interim basis on Aug. 1 until a permanent replacement is appointed. Quel joined the company in 1999 as territory ...
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News briefs
Decathlon becomes an official partner of Paris 2024
Decathlon has signed up as an official partner of the Paris 2024 Olympic and Paralympic Games. The leading French sporting goods retail chain will kit out the 45,000 volunteers who are expected to work at the Games in the French capital. The volunteers will wear eco-designed uniforms, specially created for ...
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News briefs
Italy’s win at Euro 2020 to benefit the country’s economy and Puma
According to an analysis by Brand Finance, Italy’s win at the UEFA Euro 2020 this month is projected to benefit the Italian GDP by €4 billion in the short-term. The team’s technical sponsor, Puma, is also likely to be a winner. The French men’s national team went into the 2018 ...
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News briefs
Lotto and Zara partner on capsule collection
Lotto and Zara have joined forces to create a capsule collection that combines the aesthetics from the ’60s with sportswear and contemporary elements. The limited-edition range comprises dresses, tops, shorts, shoes and accessories. The Lotto x Zara capsule collection is available online and at the Spanish retailer’s 2,200 stores worldwide. ...
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Article
Teyssier becomes Puma’s general manager for Europe
Puma has appointed a new general manager for Europe, Richard Teyssier, effective from Sept. 1, taking over many of the functions of Arne Freundt, who joined the executive board as chief commercial officer of the company in June. Teyssier, 53, has served as area general manager for Puma France since ...
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News briefsArc’teryx opens new NY location, rebranding its Icon Stores as Arc’type
Located across from Central Park in the Upper West Side of New York, Arc’teryx Equipment has just opened a newly rebranded micro-store concept called Arc’type, centered around the brand’ s most renowned designs. It features a curated selection of just 22 items, ”specifically selected to help introduce guests to Arc’teryx ...
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ArticleVollebak introduces sweaters made from old bulletproof vests and firefighting gear
Vollebak, a five-year-old British brand of sustainable men’s sports and adventure wear, is launching a line of sweaters made from old bulletproof vests and firefighter suits. The Garbage Sweater is made from 70 percent recycled meta-aramid and 30 percent recycled para-aramid fibers. Firefighter suits are typically made of meta-aramid, which ...
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News briefsHeiQ and Lycra to collaborate across technologies and brand platforms
HeiQ and The Lycra Company have entered into a broad-based collaboration across multiple technology and brand platforms to bring more of their textile technologies to consumers. Building on exploratory discussions that started in early 2019, HeiQ and Lycra have elected to leverage their shared philosophies and strengths in textile science, ...
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News briefs
Pomoca builds new headquarters and production site
Pomoca, a specialist in ski mountaineering skins that has been part of the Oberalp Group since 2011, is building a new factory and a new head office in Chavornay, about 25 km north of its current production and administration site in Denges, near Lausanne, Switzerland. According to a company statement, ...
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News briefsUSWE acquires VOID Cycling from Tenson
On July 16, USWE Sports, a company founded in Skåne, Sweden, in 2007, signed an agreement to acquire VOID Cycling, founded in Gothenburg in 2014, from Tenson and Color Group. Both USWE and VOID are strong in e-commerce and have each established a global presence. The merger follows a collaboration ...
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ArticleNew anglers help Rapala reel in strong H1 sales rise
Rapala VMC, the Finnish-based fishing tackle company, reported a sharp rise in first-half sales, driven by strong demand for fishing gear from new anglers as a Covid-safe activity. Sales for the six months to June 30 increased by 36 percent to €159.6 million. The bottom line turned around to a ...
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Article
Puma’s sales nearly doubled in Q2
In advance of its financial release for the second quarter ended June 30, which is scheduled for July 29, Puma announced on July 16 that it will report an operating profit (Ebit) of about €109 million for the period, compared with a loss of €115 million a year earlier, on ...
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News briefs
New items by Stella McCartney for Adidas and Victoria Beckham for Reebok
Calling it “a reimagining of workout wardrobe staples, Adidas and Stella McCartney have released a new Stellashine line of tights, crops, training jackets, running shoes and post-workout wear that is good for the gym and looks good elsewhere. It features reflective shine materials and textures “so wearers can go straight ...
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News briefs
Fabletics reportedly exploring IPO
Fabletics, the workout-apparel brand backed by the American actress Kate Hudson, is reportedly working with banks to prepare for an initial public offering (IPO) that should raise about $500 million and value the business at more than $5 billion. The Wall Street Journal reported that the company, owned by TechStyle ...
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News briefs
Wilson opens first store in its hometown of Chicago, and plans more store openings
Wilson Sporting Goods has opened its first retail location in its hometown of Chicago. The 200-square-meter store, inaugurated on July 15, is located in the Gold Coast neighborhood at 932 N. Rush Street. The store offers a curated assortment of sporting goods across many sport categories such as tennis, baseball, ...
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News briefs
Patagonia Works and Sympatex make the top list among B Corp companies
Every year, B Lab recognizes the top-performing B Corps companies in terms of their contribution to the economic and social well-being of the communities in which they operate. These companies are named “Best for the World” as their scores in the five impact areas evaluated on the B Impact Assessment ...
