More corporate news
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News briefsTeijin Frontier and Save the Duck jointly establish Save the Duck Japan
The Italian Trade Agency (ITA) has reported that the Japanese company Teijin Frontier Co., Ltd. founded the joint venture Save the Duck Japan Ltd. based in Tokyo together with the Milan-based clothing company Save the Duck, a brand of animal-free outerwear. Kenichi Haruta of Teijin Frontier was appointed president. The ...
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News briefsItalian sportswear firm Macron opens US office
Bologna-based teamwear brand Macron has opened a US office in Bridgeport, Connecticut. Giovanni Maruzzi, the company’s Chief Sales Officer and CEO of Macron US, and Angelo Marino, Macron’s Director of Communications, attended the official ceremony. Macron’s new US headquarters has an area of approximately 2,000 sqm. It includes a ...
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ArticleTaiwan’s fitness equipment giant Dyaco opens e-bike factory
Around two years ago, Taiwanese fitness equipment provider Dyaco International Inc. took over the bicycle factory of ODM and OEM manufacturer Iuvo in Dajia. In doing so, the company invested in its own young e-bike business, including the newly created e-bike brand Cikada. Because the Iuvo factory was located on ...
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News briefsSports Direct to introduce membership program with new omnichannel app
Sports Direct is set to launch a new membership program next month, featuring an “enhanced” omnichannel app, as part of its strategy to deepen customer engagement and enhance digital capabilities across its 500 UK stores. David Clark, Chief Customer Officer at Sports Direct’s parent company, Frasers Group, announced the initiative ...
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News briefsWomen’s tennis and Saudi investment fund announce multi-year deal
The Women’s Tennis Association (WTA) and Public Investment Fund (PIF) have unveiled a multi-year partnership that is meant to grow women’s professional tennis and inspire more women and girls around the world to take up the sport. As part of the agreement, PIF will become the first-ever naming partner of ...
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News briefsJD Sports implements four-day office workweek for head office employees worldwide
JD Sports is implementing a new policy requiring all head office employees worldwide to return to the office at least four days a week, effective July 1. This decision will impact employees at the sports giant’s UK head office located in Bury. However, JD Sports will maintain flexibility based on ...
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News briefsNike and USA Olympic athletes address controversy over women’s track and field kit
Nike and several USA Olympic athletes have responded to online backlash regarding the design of the women’s Team USA track and field kit. A photograph of the uniform sparked criticism, with many labeling it as “sexist” and “revealing.” The photograph, circulated by Citius Mag, compared the women’s high-cut bodysuits to ...
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ArticleUS sporting goods imports decline sharply in Q1
The first quarter of this year witnessed a continued downturn in imports to the US of footwear, apparel, and equipment, marking a significant decline compared to the same period last year. According to the latest data from the ITC database, the declared customs value dropped by 33 percent to $3,687.1 ...
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News briefsFanatics cuts 100 jobs at commerce division
Sports licensing giant Fanatics is cutting more than 100 jobs from its commerce division, its largest unit, including workers at its Tampa, Florida, and Easton, Pennsylvania, facilities. The news was first reported by Sports Business Journal (SBJ). The cuts included VPs, directors and managers, says the report, which also stresses ...
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ArticleMoncler: Grinta withdraws from Double R, signs consultation agreement with RPH
Italian luxury outdoor fashion company Moncler S.p.A., on behalf of Double R Srl, Ruffini Partecipazioni Holding Srl (RPH) and Grinta Srl, announced that Grinta, a corporate vehicle of the Rivetti family, has announced its withdrawal from Double R. Double R is a sub-holding company controlled by RPH, a holding company ...
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News briefs360 Padel Group shutters its running e-comm
StreetProRunning, the e-commerce platform set up by the founders of Pádel Nuestro, stopped selling its running shoes and related products on Feb. 2, as we have learned from CMDsport and confirmed on the website. The company is still handling guarantees and returns. StreetProRunning came online in the summer of 2016 ...
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ArticleEOC launches Collective Progress Initiative, aiming to achieve net zero by 2050
With the launch of the Collective Progress Initiative, Elevate Outdoor Collective’s (EOC) global brands – K2 Skis, K2 Snowboarding, Marker, Dalbello, Völkl, Ride Snowboards, Line Skis, Backcountry Access, Atlas Snow Shoe Co, Tubbs Snowshoes, Madshus and K2 Skates – are working hand-in-hand to eliminate waste and maximize the recyclability and ...
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News briefsPuma steps into the digital future with Touchtech partnership
Touchtech, a platform renowned for its sales assistance tools, has announced a collaboration with Puma Group. The move reflects Puma’s commitment to digitalization in a rapidly evolving retail landscape. Andres Castro, Team Head of Customer Connectivity at Puma Group, emphasized the importance of digitalization to meeting the evolving needs of ...
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ArticleNike announces 2% workforce reduction
Nike has officially confirmed a 2 percent reduction in its workforce, following months of speculation. This decision aligns with the company’s goal to streamline operations and save up to $2 billion in costs over the next three years, as announced in December. CEO John Donahoe sent an internal memo to ...
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ArticleMaker of VR NFL game raises $20m
StatusPro, the virtua reality (VR) company of two former NFL players, Troy Jones and Andrew “Hawk” Hawkins, is to receive $20 million in a series-A funding round led by Google Ventures (GV). The company produces first-person sports games that use “real-time player data.” Its game NFL Pro Era works on ...
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News briefsHanover Communications launches Hanover Sport
Hanover Communications, a London-based communications and public affairs consulting firm, has announced the launch of Hanover Sport, to consolidate its sport-related offering. Rebecca Hargreaves, former Director at The Playbook, has been appointed as the first Director of Hanover Sport. Hargreaves has more than 15 years of experience with sports brands ...
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News briefsPerfect Moment announces pricing for IPO
London-based luxury lifestyle brand Perfect Moment Ltd. has announced the pricing of its initial public offering of 1,334,000 ordinary shares at a price of $6.00 per share. This represents gross proceeds of approximately $8 million before deducting underwriting discounts and offering expenses. In addition, Perfect Moment, a provider of technical ...
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News briefsAmer Sports raises $1.365 billion in NYSE IPO
Amer Sports, the parent company of Arc’teryx, Salomon, Wilson and other brands, raised $1.365 billion in its IPO on the NYSE through the sale of 105 million shares, 24 percent below the $1.8 billion the company had originally planned to raise. Nonetheless, yesterday’s IPO valued Anta Sports at $6.5 billion, ...
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News briefsJD Sports halts compensation, sparks retail bankruptcy
The parent company JD Sports Fashion Plc made the decision to cease compensating the losses of Sports Unlimited Retail in November 2023. As a result, Sports Unlimited Retail filed for bankruptcy. JD Sports, the parent company of Aktiesport, Perry Sport and Sprinter shops in the Netherlands, has been experiencing significant ...
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News briefsConnexa raises $16.5 million, regains compliance with Nasdaq minimum equity rule
Nasdaq has confirmed that Connexa Sports Technologies, the parent company of Slinger Bag, has again met Nasdaq’s minimum equity requirements with three non-US companies investing $16.5 million in the company, whereby Connexa sold 2,330,200 shares and warrants for an additional 25,169,800 shares. The investments came from Hong Kong-based Andy and ...
