More corporate news – Page 7
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ArticleSigna Sports to delist from NYSE, new CEO in Q1/2024
After assuming in June that the worst of the market disruptions were over, Signa Sports United N.V. (SSU), the Berlin-based sports e-commerce specialist, has now announced an acceleration of its strategic realignment and performance improvement program. Ahead of putting its Q3 numbers on the table, the company is talking ...
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News briefsXponential Fitness reconfirms partnership with Lululemon after activewear brand joins forces with Peloton
Following on from yesterday’s announcement that Lululemon and Peloton are to join forces in a fitness content and apparel deal, Xponential Fitness has released its own joint statement with Lululemon reconfirming their ongoing retail partnership. “Xponential Fitness has been a valued partner since we announced our Lululemon Studio collaboration in ...
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ArticleLululemon and Peloton strike fitness content and apparel deal
Lululemon and Peloton have announced a five-year strategic global partnership which will see Peloton become the exclusive digital fitness content provider for Lululemon, and Lululemon the primary athletic apparel partner to Peloton. With the aim of “engaging their respective global community of members in the United States, Canada, the United ...
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News briefsXtep announces brand strategy upgrade and international store opening support initiatives
Chinese sportswear company Xtep has announced its brand strategy upgrade of “World-class Running Shoes of China Xtep.” Marking a new chapter in innovation, the company launched the latest additions to its 160X running shoe series – the 160X 5.0 PRO and 160X 5.0 models. The new 160X running shoes adopt ...
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ArticleIntersport Austria with record sales in crisis year
Intersport Austria saw a record turnover of €645 million in the fiscal year 22/23. Its success rests on two strategic pillars. We have the details.
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News briefsTechnogym inaugurates new Benelux center
Technogym has announced the opening of its new Technogym Benelux center. Located at Capelle aan den Ijssel in the western Netherlands, the 1,500 sqm space has been designed to attract both industry operators and consumers, who will have a chance to discover the brand’s ecosystem made of training equipment, digital ...
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News briefsCricketer Deepak Chahar launches new sports brand in India
Deepak Chahar, the 31-year-old cricketer who plays in the Indian Premier League and team India, has officially launched a new sports brand called Dnine Sports. The brand will be incorporated under Lcdc Athletics Private Ltd., which Chahar co-founded with his father, Lokendra Singh, last year. Dnine’s products, designed to enhance ...
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News briefsGolden Goose could be next to go public
The private equity Permira has hired a financial advisor to study an initial public offering (IPO) on the Milan stock exchange for Golden Goose, according to the business newspaper Il Sole 24 Ore. The advisor is believed to be a US investment bank present in Europe. The IPO could be ...
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News briefsAdidas opens new state-of-the-art automated distribution center in China
Adidas has partnered with Geek+, a specialist in mobile robots for logistics, to announce the opening of its state-of-the-art automated distribution center in Suzhou, China. The 139,000-sqm fully automated warehouse and distribution center sets a new industry standard with its high level of speed and flexibility in warehouse logistics. It ...
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News briefsBiotech company MycoWorks opens US factory for leather alternatives
Biotechnology company MycoWorks has begun production at its 12600-sqm factory in Union, South Carolina, making it the world’s first large-scale leather alternatives factory. The facility is capable of producing large quantities of the alternative leather material produced with Fine Mycelium technology. MycoWorks currently counts Hermès and General Motors among its ...
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ArticleAsian sneaker marketplace Novelship secures $9.5 million in Series B funding
Novelship, a Singapore-based marketplace founded in 2018, has received US$9.5 million in its Series B funding round led by East Ventures, iGlobe Partners and GSR Ventures. The company said the new funding will accelerate its efforts to strengthen its brand presence across Southeast Asia. This includes improving logistics capabilities, refining ...
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News briefsGoldman Sachs creating sports franchise division
Financial services firm Goldman Sachs is developing a new global division called Sports Franchise in Investment Banking, according to The Wall Street Journal, which first reported the plan, and other press sources. The new division is meant to offer wealthy clients worldwide more opportunities for investment in teams and other ...
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News briefsNike shareholders reject human rights proposals
At Nike’s annual meeting on Sept. 12, shareholders rejected proposals calling for more detailed reporting on employee pay by race and gender and better tracking of forced labor and wage theft risks in the company’s supply chain. The wage gap proposal came from Arjuna Capital and was supported by proxy ...
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ArticleGowalking.com goes online to unite fitness walkers worldwide
On Sept. 12, Gowalking.com launched a start-up founded by Jeremy Goldstein with the goal of connecting and supporting the world’s estimated 1.2 billion fitness walkers by providing a simple and innovative platform to find and join local walking groups and receive the latest walking fitness news. Gowalking.com ...
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News briefsPogo celebrates 40 years
The longest-serving snowboard company in Europe, Pogo, is turning 40 this year. To this day, all boards are handmade in the manufactory in Löwenstein in southern Germany. On Saturday, Sept. 16, Pogo will open its doors at noon for an open house event, including the board production, the affiliated snowboard ...
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News briefsSwedish Stiga Sports expands presence in racquet sports segment
Swedish company Stiga Sports, already well established in the table tennis and padel segments, is expanding its focus to tennis. There are an estimated 400,000 active players in Sweden alone, with 105,000 registered, so the market is huge, according to the company. In the first step, three variants of the ...
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News briefsNew Era Cap reportedly preparing for IPO
According to a Reuters report based on trusted sources who wish to remain anonymous, Buffalo, New York-based New Era Cap, best known for its official licensing partnerships with MLB and the NFL, has begun preparations for an initial public offering in New York that could be valued at $4 billion ...
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ArticleA1 Padel, unfazed, looks to US
Fabrice Pastor, himself a former professional player, remains optimistic about the world’s third-largest pádel league, A1 Padel – known until this past January as the APT Tour. He is optimistic in the face of the recent unification of the world’s top two leagues, World Padel Tour (WPT) and Premier Padel. ...
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News briefsXponential Fitness signs deal with Gympass, cites 3-year operating targets
The largest global franchisor of boutique fitness brands has issued new operating targets for 2026 that include systemwide sales of $2.33 billion, revenues of $405 million and adjusted Ebitda of $190.0 million as it opens 500 new studios. Xponential Fitness, which generated a 9 percent increase in Q2 net profit ...
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News briefsAmer Sports confidentially files for IPO
Amer Sports, the Finland-based company controlled by Anta Sports and parent of Salomon, Wilson, Atomic, Arc’teryx, Peak Performance, Armada and other brands, has confidentially filed for an initial public offering in the USA to offer between $1 and $3 billion of its equity, Bloomberg reports, citing sources familiar with the ...
