More corporate news – Page 16
-
News briefsHanesBrands completes refinancing of 2024 maturities; closes $900m Term Loan B financing
HanesBrands has completed the refinancing of the last remaining series of its 2024 notes. The company said it successfully closed on an upsized new senior secured Term Loan B facility with an aggregate principal amount of $900 million. The net proceeds from the Term Loan B facility, together with the ...
-
News briefsPuma opens high-performance test lab near Frankfurt
Puma has unveiled the Puma Nitrolab, a new high-performance athlete testing facility developed in partnership with Hartmann Orthopedics & Sports. The facility, based at Hartmann’s near Frankfurt, provides athletes with detailed full-body insights through a series of tests and scans, including 4D Motion analysis. The results help develop customized solutions ...
-
News briefsGap Inc. reports drop in sales across brands, Athleta CEO steps down
Alongside reporting its fourth quarter and fiscal year (ended Jan. 28, 2023) results, Gap Inc. has announced several changes to its executive leadership teams across its daughters Old Navy, Gap, Banana Republic and Athleta. First and foremost, Mary Beth Laughton, president and CEO of Athleta, left the DTC retailer on ...
-
ArticleDecathlon Germany cracks the €1 billion sales mark
The German subsidiary of Decathlon has published record sales growth of 28.4 percent in the last fiscal year, with a total of €1.06 billion in 2022. Total EBIT is 30.1 million, with outdoor, mobility, water sports and fitness being the strongest product categories (around 70 percent of total turnover). In ...
-
News briefsPotential Keller Sports investor pulls out – web shop goes offline
The insolvency of Keller Sports is entering the next phase. According to a letter from insolvency administrator Christian Gerloff to Keller customers, Keller Group GmbH was unable to complete a takeover of the company by a third-party investor and has ceased operations as of March 7, 2023. The company – ...
-
C-Suite InterviewSteve Evers: “We’re asking the industry to take some additional risks”
Intersport CEO Steve Evers discusses business models, his successes and concerns, and why Intersport is putting pressure on the industry.
-
News briefsFIFA is reportedly considering taking over the Stade de France
According to French sports daily L’Equipe, FIFA is considering taking over the Stade de France after the football governing body’s president, Gianni Infantino, discussed the matter with France’s president Emmanuel Macron during a meeting in Paris last month, the report says. FIFA has, however, denied its interest in purchasing the ...
-
News briefsYKK with new company logo and more
Japanese accessories specialist YKK has introduced its new corporate logo and brand motto. The company has gone through a restructuring of its business in April 2021, sharpening its focus on the fastening business, which includes zippers, snaps and buttons. According to the company, a website dedicated to the new corporate ...
-
ArticlePuma CEO Arne Freundt: “We are hungry”
Alongside Puma’s positive 2022 figures, we bring you CEO Arne Freundt’s renewed strategy for growth, as told at Puma HQ on March 1, 2023
-
ArticleFila celebrates 50 years in tennis and launches new junior tournament
Fila has announced a series of on-site activities and activations at the 2023 Indian Wells Masters in Southern California, also known as BNP Paribas Open, on March 6-19. Fans attending the event will experience the brand’s 50 years in tennis and the evolution of its style since 1973. Archival outfits ...
-
News briefsSpanish bike-rental company has big plans
Rookfy, a bicycle-rental platform in Spain, enjoyed a satisfactory debut last year, according to chief technology officer Santiago Alonso, who spoke with CMDsport. The young company has recently added the retailer Escapa to its marketplace and joined the Spanish Association of Brands and Bicycles (Ambe). In an interview with Joanseguidor.com, ...
-
News briefsOrthoLite reaches brand partner milestone
OrthoLite®, the manufacturer and provider of insoles and material solutions for footwear for more than 25 years, is celebrating a major milestone by welcoming its 500th footwear brand partner. OrthoLite insoles are now found in more than 550 million pairs of shoes each year across all categories – athletic, running, ...
-
News briefsAdidas and Ye rumored to agree on cleaning Yeezy inventory worth €500m
According to Hypebeast, Fashion United, Sole and other media, Adidas has agreed with Ye (formerly known as Kanye West) to sell some of the remaining Yeezy branded stock worth $500 million. The two companies have parted in October 2022 after West made a series of anti-semitic comments online in various ...
-
News briefsBT Sport to be renamed TNT Sports, Eurosport follows in the UK and Ireland
BT Sport will change its name following the merger with Warner Bros Discovery last year. The two companies formed a 50:50 pay-TV sports joint venture in September 2022. TNT Sports will take over BT Sport’s live offerings in July. Starting in 2023/24, the Premier League matches will be broadcasted on ...
-
News briefsVF Corp. prices €1 billion Eurobond offering
VF Corp. intends to use proceeds from the proposed offering of two €500 million tranches of notes, which are due in 2026 and 2029 with respective coupon rates of 4.125 percent and 4.25 percent for debt repayment, general corporate purposes and to fund certain sustainable development projects. J.P. Morgan, Morgan ...
-
News briefsPou Chen reportedly plans massive job cuts at Vietnam footwear factory
Citing two local officials familiar with the company’s plans, Reuters reports that Taiwan-based Pou Chen Corp, which makes athletic footwear for Nike, Adidas and others, plans to cut about 6,000 jobs at its Pouyuen Vietnam plant in Ho Chi Minh City due to weak demand. The plant is reportedly set ...
-
News briefsHead opens licensed training center in Abu Dhabi
Head is opening a licensed padel sports training center in Abu Dhabi, the brand’s first in the Middle East, in partnership with Xische Ventures. The official inauguration is scheduled for Feb. 21. Located in Musaffah, the 2,200 sqm facility features five padel courts, a VIP court for private bookings, a ...
-
News briefsFormer NikeWomen exec expected to run English women’s football
Source: LinkedIn Nikki Doucet A NewCo will likely be formed to run the Women’s Super League (WSL) and Women’s Championship in English women’s football, and Nikki Doucet has been appointed by The Football Association (The FA) as a consultant to explore this plan, the Telegraph has revealed. ...
-
News briefsRich Paul and New Balance launch new sportswear brand
Rich Paul is entering the sportswear business. The American sports agent representing severals prominent NBA players, has announced the launch of Klutch Athletics, a new sports apparel brand “co-authored” with New Balance. Paul is the sports agent who represents LeBron James and is also otherwise known for his romance with ...
-
ArticlePuma gets ready to celebrate 75 years, in the real world and in the metaverse
On the occasion of its 75th anniversary, Puma has announced that it will celebrate its motto “Forever Faster“ – which is based on company founder Rudolf Dassler’s intention to give his athletes the agility and performance of a big cat – with various events. Dassler founded the “Puma Schuhfabrik Rudolf ...
