More corporate news – Page 66
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Article
Nike stops with Amazon’s marketplace
A few days after the appointment of a new chief executive, John Donahoe, who previously ran eBay, the Swoosh announced that it will stop a pilot program, initiated in 2017, to sell selected products on the Amazon Retail marketplace. Nike justified the move with its “focus on elevating consumer experience ...
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Article
Asics incubates five more start-ups
Applications for the Asics Tenkan-Ten accelerator program were up by 60 percent this year, with candidates hailing from 38 countries. Asics has now selected five growth-stage start-ups to take part in its four-month program to meet their goals for both business and funding. Fun With Balls was founded in 2016 ...
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Article
Adidas partners with the Space Station
Adidas has announced a multi-year partnership with the International Space Station (ISS), the space laboratory managed by the U.S. Center for the Advancement of Science in Space (Casis). The partnership will explore breakthroughs to improve the future design and engineering of sporting products on and off Earth. For to station’s ...
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Article
MIPS and POC back on track together
POC (we generally spell this company as Poc, the way it is pronounced, or Poc Sweden) and MIPS recently announced a renewed, deeper partnership that will have the companies working closely to develop new rotational-impact brain-protection systems for cycling and snowsports helmets. In 2009, POC was the first company to ...
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News briefs
Sports Direct International is going to change its name to...
Sports Direct International is going to change its name to Frasers Group, following its acquisition of House of Frasers, the struggling British chain of department stores. The move, which is supposed to improve its image, is likely to be approved by shareholders at a meeting in mid-December as the company's ...
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News briefs
After divesting Courir, its chain of athletic footwear stores, the...
After divesting Courir, its chain of athletic footwear stores, the Go Sport Group has entered negotiations to sell off its Go Sport Montagne franchise to Skiset, a group founded in 1994 that is now operating 900 ski-rental stores internationally. Go Sport launched the franchise three years ago as a complement ...
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News briefs
Roger Federer owns both 20 Grand Slam trophies and more...
Roger Federer owns both 20 Grand Slam trophies and more than 250 pairs of sneakers. Now, as retirement from professional tennis approaches, the Swiss tennis champion has signed something more than an endorsement deal with On Running, the Swiss brand of running shoes. He has taken an unspecified financial stake ...
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News briefs
Anta Sports Products, which had a 57.95 percent stake in...
Anta Sports Products, which had a 57.95 percent stake in the consortium that bought Amer Sports earlier this year, will no longer have to include and report Amer's figures, which have been dilutive, in its consolidated income statements. Anta is shedding 5 percent of its economic interest in the group ...
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News briefs
The consortium led by Anta Sports Products that bought Amer...
The consortium led by Anta Sports Products that bought Amer Sports last month is exploring the possible sale of its U.S.-based fitness equipment brand, Precor, according to Bloomberg. The report indicates that several potential buyers have shown interest in the brand, which could fetch about $500 million. Prior to its ...
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News briefs
Nike has invested in and signed an intellectual-property licensing deal...
Nike has invested in and signed an intellectual-property licensing deal with Handsfree Labs, whose devices enable people to put shoes on without using their hands. The companies have not disclosed the terms of the investment. Strategically, however, remarks from Tom Clarke, Nike's president of innovation, have suggested a link with ...
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News briefs
New Balance has partnered with Unmade, a provider of fashion...
New Balance has partnered with Unmade, a provider of fashion customization software, for a shoe called the Unmade x New Balance 111 Knit. On the brand's NB1 customization platform, customers can choose any of three graphic patterns and six colorways, along with some text. The platform will then display the ...
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News briefs
Pon Bike has acquired Urban Arrow, a Dutch brand of...
Pon Bike has acquired Urban Arrow, a Dutch brand of electric cargo bikes. Pon has disclosed no financial details about the acquisition. Founded in Amsterdam in 2010 by Jorrit Kreek and Gerald van Weel, Urban Arrow operates in 20 countries and employs a staff of 60 at its headquarters and ...
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News briefs
The producers of the Gi Fly, the “one-second full-size folding...
The producers of the Gi Fly, the “one-second full-size folding e-bike,” are seeking an industrial partner to scale up in Europe and elsewhere in the world. The bike is a “project” at a company called Bignay, a consultancy and product developer whose method is to “combine software and hardware to ...
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News briefs
Spin Capital, a Munich-based investment company, has expanded its sports...
Spin Capital, a Munich-based investment company, has expanded its sports portfolio with the acquisition of a majority stake in the Freeride Film Festival and the winter camp's organizer, The Freeride Experience. Spin acquired the avalanche backpack specialist ABS Protection two years ago and the eco-sports apparel label Pyua one year ...
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News briefs
The share capital of Moncler has changed slightly. Venezio Investments,...
The share capital of Moncler has changed slightly. Venezio Investments, the investment vehicle controlled by Tamasek, the state investment fund of Singapore, has sold half of its stake of 22.68 percent in Ruffini Partecipazioni (RH) to Remo Ruffini, the chief executive of Moncler, in exchange for a direct 2.88 percent ...
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News briefs
Ciesse Piumini's parent company, Sport Fashion Service, has been acquired...
Ciesse Piumini's parent company, Sport Fashion Service, has been acquired by Mittel, an Italian investment bank, which now owns 90 percent of the Italian down clothing specialist. Ciesse, which was the property of Fila for a while, was a direct competitor of Moncler in its early days, but it didn't ...
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Short stops
Nike announced an 11% increase in its quarterly dividend shortly...
Nike announced an 11% increase in its quarterly dividend shortly after appointing its new CEO, John Donahoe (see our previous issue)
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Article
Asics invests more in digital
Asics Corp. continues to make new investments in start-ups and adjacent segments. Late last month, the Japanese group acquired Race Roster, a Canadian-based platform with a suite of services for the organizers of foot races that will complement its Runkeeper platform, based in Boston, and other digital operations. The purchase ...
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News briefs
The district court in Dortmund has terminated the insolvency proceeding...
The district court in Dortmund has terminated the insolvency proceeding of Sport Voswinkel, following the creditors' unanimous vote in favor of a recovery plan. The German sports retailer can start to operate again as an independent firm. The court opened the proceeding in July. The recovery plan includes the closure ...
