More corporate news – Page 9
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News briefsStruggling Superdry secures £25 million from Hilco Capital
Superdry has announced that it has secured a secondary lending facility of up to £25 million (€29m) from Hilco Capital, a London-based firm that specializes in restructuring and refinancing other companies. The fresh funding is supposed to help accelerate Superdry’s turnaround plan and cost-cutting program. The arrangement with Hilco is ...
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News briefsFitness start-up Rolla raises €6.3 million in seed round
Bosnia and Herzegovina-based fitness tech firm Rolla has announced that it has raised €6.3 million in a seed funding round as it plans to launch in 2024. The round was led by Croatian entrepreneur Mate Rimac, CEO of Rimac Group, and Romania-based Hellen’s Rock, the family office of Superbet founder ...
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News briefsMore details emerge of Footway Group’s financial difficulties
Swedish online fashion trade magazine Habit is reporting new district court documents which reveal the extent of Footway Group’s debt problems. According to the publication, updated figures suggest that inventories have fallen to SEK 437 million and documents from the district court show that Footway is unable to pay its ...
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ArticlePentland Brands to simplify business structure
Changes are underway at Pentland Brands, as the U.K. parent of a portfolio that includes Speedo, Ellesse, and Mitre among others, is reportedly restructuring the organization. Over the next six months, a program of simplification is expected to include: Re-focusing efforts on digital innovation and consumer engagement; moving Speedo’s global ...
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News briefsLululemon creates “Mental Wellbeing Global Advisory Board”
Lululemon Athletica has announced the creation of a Mental Wellbeing Global Advisory Board, which is meant “to help the company develop best practices and influence a global conversation to improve mental wellbeing outcomes for both employees and communities around the world,” the company explained in a statement. The new advisory ...
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ArticleNike to open network of boutique fitness studios in the U.S.
Nike is beginning to open a network of boutique gyms in the U.S. under the Nike Studios banner in partnership with FitLab, a fitness and sports lifestyle company that offers digital and gym experiences. The studios will be open to anyone over the age of 18. The move comes after ...
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News briefsNew industrial park for garments and yarn to open in Kyrgyzstan
A large industrial and logistics park is currently being constructed in the Kara-Suu district of the Osh region, in the Central Asian country of Kyrgyzstan. The park will feature three production sites for knitwear garments, knitted fabric and yarn, Fibre2Fashion has reported. The first to open will be an export-oriented ...
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News briefsNautilus Inc. relaunches BowFlex
Washington-based fitness company Nautilus, Inc. has unveiled a refresh of its iconic BowFlex brand of fitness training equipment, introducing a new identity, visual design, updated logo, philosophy and messaging to revitalize the brand. The redesigned brand will appear across all BowFlex marketing channels, including BowFlex.com. New products with additional designs ...
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News briefsNixon celebrates 25 years
California-based, action sports-savvy watch brand Nixon is celebrating its 25th anniversary with a short film and a limited edition of the iconic The Player in its original form. To honor this milestone, Nixon has invited filmmaker Patrick O’Dell to capture the story and characters of the brand’s first 25 years. ...
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ArticleSport 2000 Austria: Zentrasport initiates restructuring process
The association of the Austrian sports retailer community, Zentrasport Österreich e. Gen., is reporting that due to full warehouses as well as the payment default of one major retailer, the liquidity of the cooperative has been significantly strained and restructuring measures had to be initiated. Only Zentrasport Österreich itself is ...
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News briefsCastore is Britain’s second fastest-growing company, according to the Sunday Times
Castore, the sportswear brand backed by tennis star Andy Murray, has been named the second fastest-growing private company in Britain, according to The Sunday Times Hundred 2023 rankings. Recruitment firm Join Talent tops the list. Castore experienced annual sales growth over three years of 285.8 percent, according to the figures ...
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ArticleTwitter to become nothing, anything, everything
It appears that we were on to something a few months ago. Twitter has taken another step towards becoming X – “the everything app.” But what does this mean, and why the change in a brand as iconic as Twitter? We take a look.
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News briefsPentland Brands looking to establish a youth board
Pentland Brands is joining mission-led start-up The People to form a new youth advisory board at the heart of its employee experience. The group, whose brands include Speedo, Ellesse, and Berghaus, is seeking six young people under 30 in its key markets – the UK, USA, India, Vietnam and China ...
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News briefsSmart wearables and navigation app announce partnership
Smart wearables brand Amazfit, owned by Zepp Health, is now offering routing and navigation connectivity with the popular outdoor activities app Komoot. Amazfit’s proprietary operating system, the Zepp OS, already enables supporting smartwatches to connect to external apps such as Adidas Running, Strava, Relive, Apple Health or Google Fit. ...
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ArticleFootway Group has applied for voluntary company reorganization
Swedish Footway Group, operator of specialized online stores, has applied for voluntary company reorganization. According to the company, the decision is based on “the very challenging conditions that the sports retail industry in Sweden and Norway has faced in recent months,” and an acute liquidity situation. During the reconstruction period, ...
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News briefsDecathlon may want to make private labels more concise
According to French industry magazine Challenges, Decathlon is planning to consolidate its numerous private brands. According to the publication, CEO Barbara Martin-Coppola plans to reduce the number of brands from around 70 to 12, while the Decathlon brand will be expanded through a range of multi-sport products. A similar step ...
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News briefsWintersteiger with new company structure
Wintersteiger, the Austrian supplier of ski rental and ski service systems, has revised its corporate structure and presents itself as a strategic holding with five independent companies since July 1, 2023. “With regard to the industrialization of our products, we have a lot planned for the next few years,” the ...
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ArticleEurope’s one pickleball firm sets out to conquer America
Back in 2020, amid the lockdowns, Xiana López discovered through a market study that Europe had yet to produce a pure player in the pickleball business, despite the buzz floating over the pond from the U.S. There were pádel and tennis brands selling pickleball racquets, but none that would develop ...
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ArticleVölkl exits pádel market
Völkl is getting out of the pádel market and refocusing on tennis, as the German brand’s sales director for racquet sports in Spain, Héctor García, told CMDsport. The reversal, he observes, is enabling Völkl to evade some of pádel’s present-day turmoil. “This is not the time to enter” that market. ...
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ArticleRussian sporting goods retailers Lestate and Sportmaster launch private label lines
Russian sporting goods company Lestate has submitted an application to the state patent agency Rospatent to register its own brand Rank. At the same time, the Russian largest sporting goods retailer rolled out plans to register the third line of sporting goods under the Athlex brand. Goods under the Rank ...
