More about brands – Page 98
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News briefs
Nike claims its break-up with Neymar was tied to a sexual assault allegation
Nike’s decision to stop working with Neymar jr. last year was connected with allegations by a Nike employee that the footballer had sexually assaulted her, the Wall Street Journal (WSJ) has revealed, and Nike has partly confirmed the report, adding that the allegations could not be confirmed. Neymar has vigorously ...
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ArticleVF launches new incubator platform for innovative business models
VF Corp. has launched Venture Platforms, an “innovation pillar that will focus on identifying and investing in new, future-focused opportunities.” The new initiative will add a specific innovation-focused component to the existing brand portfolio strategy by identifying and investing in new, forward-looking companies and business models. “We’re interested in ideas ...
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News briefs
Kering sells a 5.9% stake in Puma
Kering said it has launched a private placement for about 8.9 million shares in Puma among qualified investors through an accelerated book-building process. For Kering, which has been focusing on the luxury goods sector lately, the move would generate proceeds of more than €800 million at the current stock market ...
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News briefs
ABG may go public
The Authentic Brands Group has confidentially filed an application for an initial public offering (IPO), according to Women’s Wear Daily, whose sources apparently confirmed a previous report in Bloomberg that ABG was exploring a potential IPO that could value the group at about $10 billion. The IPO that could be ...
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News briefs
Nike and Puma are still battling over the term “footware”
The Fashion Law has reported that Nike and Puma appeared before the High Court of Justice in London on May 17 for an appeal hearing stemming from Nike’s quest to register the term “footware” as a trademark, for use in connection with tech-driven sneakers. In Nike’s view, “footware” would refer ...
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News briefsNewfeel releases Japan-inspired racewalking shoe
Newfeel, Decathlon’s private brand of shoes for exercise walking, has unveiled a new racewalking shoe with accompanying apparel: men’s and women’s rain jackets, windbreakers, T-shirts, talk tops and shorts. The RW900 is meant to come out in advance of the Olympic racewalking trials scheduled for Aug. 5-6 in Tokyo, 20 ...
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News briefs
Running legend Ron Hill has passed away
Ron Hill, the legendary British runner who founded the Ronhill brand of performance sports clothing and one of the greatest marathon runners of all time, died in his hometown of Hyde, Cheshire, England, on May 23. He was 82 years old. In May 2018, he had announced that he had ...
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News briefs
Italian start-up develops sweat biosensor for endurance athletes
Swemax is the name of a new device that is said to be capable of measuring and analyzing sweat, allowing for predictive analysis and progress tracking. The new biosensor has been developed by Biometrica, an Italian start-up based in Parma. In practical terms, the Swemax consists of an interchangeable patch ...
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Article
Some more Japanese brands are turning the corner
Besides Asics, Mizuno and Goldwin, whose latest results have already been covered, some other Japanese companies have reported better results for the three months of 2021. The foreign exchange impact was slight. For one of them, Yonex, this was insufficient to record an improvement for the full financial year, however. ...
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ArticleReport ranks Lululemon and Adidas highest for avoidance of forced labor
Of the 37 companies examined by KnowTheChain, the ten footwear or apparel companies that are most conscientious in terms of supply-chain labor policy, scored on a scale of zero to 100, are: Lululemon (89), Adidas (86), PVH (74), Gap (70), Primark (69), Nike (62), VF (62), Puma (58), H&M (55) ...
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News briefs
Lotto is the title sponsor of the new Challenge Gdansk
Lotto has become the title partner of the Challenge Gdansk, a new triathlon festival and mid-distance race. The inaugural edition of the race will take place on June 20 in the Polish city of Gdansk, on the Baltic coast. Challenge Gdansk will start on the beach with a swim in ...
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News briefs
Munich’s sales decline year-on-year but beat 2018’s
Munich, the Spanish brand of sports and lifestyle sneakers, has reported sales of €40.9 million for 2020, down 8 percent year-on-year, but still up from 2018. The Catalonian shoe brand says the effects of Covid-19 were “significantly more favorable than projected.” About 88 percent of the revenues were generated in ...
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ArticleVF pledges to eliminate child labor
VF Corp. has created a new Child Rights Action Pledge to strengthen children’s rights and eliminate child labor throughout the global apparel supply chain by 2025. As part of its pledge, VF commits to integrate the Children’s Rights and Business Principles developed by UNICEF, the United Nations Global Compact and ...
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News briefsWolverine Worldwide appoints new executives for the group and Sperry
Source: Wolverine Worldwide Isabel Soriano Isabel Soriano has been named president of international at Wolverine Worldwide. In this new role, she will oversee all company’s operations in the EMEA region, Latin America, Asia-Pacific and Canada. Soriano joined the group in 2018 as vice president and managing director ...
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News briefs
Peloton plans a $400m factory in Ohio
Peloton Interactive has announced a plan to invest $400 million in a new U.S. factory to make its stationary bikes and treadmills, which currently come mainly from Taiwan, to help accelerate deliveries to customers. Located in the Troy Township of Wood Country, Ohio, the new facility should start up in ...
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News briefs
Mizuno joins Xinxiang boycott
Mizuno Corp. has joined several Western sports brands in the boycott of cotton sourced in the Xinjjiang region of China. The company refrained from an official disclosure of the reasons for the move, which is probably linked to allegations of human rights abuses against Muslim Uyghurs in the area. It ...
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Article
Goldwin turns around in Q4, budgets 10% growth
Goldwin’s sales fell by 7.6 percent to ¥90,479 million (€678.0m-$830.5m) in the financial year ended March 31, 2021, while operating profit declined by 15.1 percent to ¥14,838 million (€111.2m-$136.2m), better than a forecast made in February for declines of 10.1 percent and 28.5 percent, respectively. Attributable earnings inched down by ...
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News briefs
Wilson to introduce an apparel line
Wilson is introducing a new apparel line for men and women - only in the U.S. and China for the time being. Called Wilson Sportswear, the line is meant to blend “sport, fashion and culture.” Items will be dropping bi-weekly, with special collaborations at “key moments in sport culture.” They ...
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News briefs
Adidas’ MD for Central and Eastern Europe is leaving
Adidas has confirmed a report that Winand Krawinkel, managing director for Central and Eastern Europe, is leaving the company, without saying at this stage how he is going to be replaced. No reason has yet been given for the move. Krawinkel joined the company in 2006 as head of business ...
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News briefs
UYN 3D Ribs Sabot wins iF Design Award
Unleash Your Nature (UYN) has received an iF Design Award in the “Product” category for its 3D Ribs Sabot, a sock-derived shoe consisting of a single piece of seamless fabric that can be used as either a sabot or a shoe. By raising the heel area, the UYN 3D Ribs ...
