More about brands – Page 91
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News briefs
Calida wants to divest the rest of its outdoor business
Having already expressed intentions to do so in March and as part of a strategy review, the Calida Group’s board of directors and the management have decided to sell the Millet Mountain Group division, which includes the Millet and Lafuma brands. The Millet Mountain Group reported sales of €78.2 million ...
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News briefs
Li Ning sees sales rising by 60%
Li Ning Company said in a preliminary statement that its earnings will reach a level of at least 1.8 billion yuan renminbi (€233m-$279m) in the first half of this year, almost three times higher than the RMB 683.4 million reported for the first half of 2020, thanks to a jump ...
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News briefs
Investors are still bullish about Nike’s share price
With its current quotation navigating around $152 on the New York Exchange, or about 15 percent above its level prior to the release last Thursday of its unexpectedly high results for the fourth quarter ended May 31, Nike’s share is still recommended as a “buy” by 23 out of the ...
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News briefs
Macron announces long-term partnership with Sheffield Wednesday
Macron has agreed a new technical partnership agreement with Sheffield Wednesday F.C. starting from the 2021/22 season. The previous technical sponsor was Elev8. The Italian sportswear firm will provide the English club with matchday kits, technical training and travel wear as well as a merchandising line for the first team ...
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News briefs
Allbirds reportedly files for a confidential IPO
Allbirds, the B Corp-certified Californian brand of sustainable sneakers and apparel, has filed for a confidential initial public offering (IPO), according to WWD. Such a filing allows a company to keep details of its business performance and the terms of the transaction secret until 15 days before the IPO takes ...
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News briefsOn switches to recycled packaging
Source: On SS21 Sustainable Packaging On Running is changing its packaging by using 100 percent recycled materials. The Swiss company says it expects to save 40 tons of ink, paper and plastic as a result, equivalent to about 160 tons of CO² per year. Consumers around the ...
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News briefs
Peloton reportedly plans to launch a wearable device
Peloton Interactive is working on a digital heart-rate armband, according to a Bloomberg report. Confidential details and images of the device, as revealed by Bloomberg, show that the armband will come in small and large sizes and will pair wirelessly with Peloton’s cycles and treadmills, in addition to the phones, ...
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News briefs
Nike becomes apparel partner of the Big Bash League
Nike and Cricket Australia have agreed a new deal that makes Nike the official apparel partner of the Big Bash League (BBL), an Australian professional franchise Twenty20 cricket league, for the 2021/22 season. Nike takes over the apparel partnership from Majestic, the company sold by VF Corp to Fanatics four ...
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News briefs
Adidas introduces its first full-cover swimwear collection
Adidas has unveiled its first Full-Cover Swimwear Collection, designed to allow all women to enjoy the mental and physical benefits of swimming. The collection is supposed to meet the needs of those who require full coverage either for cultural reasons or just for the sake of greater choice in the ...
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News briefs
iRocker and Life is Good partner on co-branded SUPs designs
iRocker, an outdoor sports and lifestyle brand specializing in inflatable paddle boards, and Life is Good, the American brand of lifestyle clothing, have teamed up on two new co-branded designs of inflatable stand-up paddle boards (SUPs), featuring optimistic art and messages from Life is Good. The boards, designed to be ...
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ArticleNike beats expectations as EMEA, North America sales surge and China resists
The Nike group posted better-than-expected results for the fourth quarter ended on May 31, 2021, as sales nearly doubled as compared to a year earlier, when its performance was severely impacted by store closures tied to the Covid-19 pandemic. After the release of higher-than-expected results for the quarter, Nike’s share ...
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News briefs
Puma and Antoine Griezmann inspire young footballers in Mâcon
Puma has partnered with Antoine Griezmann, the football star who plays for FC Barcelona and the French national team, to give back to his local football club in Mâcon, in France’s Burgundy region, where he was born in 1991. Before heading for UEFA’s Euro Championship to play for France, Griezmann ...
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News briefs
Beachbody’s SPAC deal is endorsed, allowing it to go public
As planned, the shareholders of Forest Road Acquisition voted to approve a three-way merger of that special-purpose SPAC with The Beachbody Company and Myx Fitnes Holdings, an American supplier of connected exercise bicycles that generated revenues of $30 million last year from the sale of over 27,000 units priced at ...
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News briefs
Jordan Brand announces its largest female roster ever
Nike’s Jordan Brand has announced on Twitter a partnership with 11 emerging Women’s National Basketball Association (WNBA) players, the brand’s largest roster in women’s basketball. The endorsement group includes Maya Moore, Kia Nurse, Asia Durr, Satou Sabally, Chelsea Dungee, Aerial Powers, Crystal Dangerfield, Arella Karin Guirantes, Te’a Cooper, Dearica Hamby ...
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Article
Updated: Nike performs much better than estimated
A few hours before the release of Nike’s results at 10:15 PM CET yesterday, 24 out of 30 financial analysts were recommending that its shares should be purchased, according to the Wall Street Journal, giving an average price target of $163.34 against a current stock market price of around $134 ...
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News briefs
Slinger Bag acquires Foundation Tennis
Slinger Bag, the growing developer of portable tennis ball launchers, has acquired Foundation Tennis, a U.S. company that develops software for the administration of racquet sports clubs, in exchange of shares. The software suite can handle operations, booking, payments and digital platform management (website design, hosting, and iOS and Android ...
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Article
Big profit on investments lifts China Dongxiang’s results
A 269 percent gain in investment income boosted operating and net earnings at China Dongxiang for the financial year ended March 31. While its revenues went up by 27.8 percent to 1,970 million yuan remimbi (€255.0m-$304.5m), the Chinese sportswear company’s net income showed a fourfold increase to RMB 1,811 million ...
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Article
Pentland sees “modern slavery” escalating
In the fifth edition of its Modern Slavery Report, released a few days ago, Pentland Brands looks back on a year that presented unprecedented challenges to those already at risk of forced labor, excessive hours and discrimination in the workplace. According to the Global Slavery Index, 58 percent of the ...
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News briefs
USWE starts trading on the Nasdaq First North Growth Market
USWE Sports, a Swedish company that offers vests and jump-free backpacks and hydration packs for mountain biking, running, skiing and motorsports, will go public on June 24 on the Nasdaq First North Growth Market. Earlier this month, the company had completed its offering to the general public in Sweden and ...
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News briefsUSWE relies on Polygiene technology for new running vests
USWE, a Swedish sports and outdoor brand that is in the process of going public, is launching a partnership with Polygiene, the Swedish ingredient brand, to offer running vests that fight odor and last longer. USWE specializes in bounce-free backpacks and hydration packs for mountain biking, running, skiing and motorsports. ...
