News Briefs – Page 102
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News briefsLululemon could be eyeing sale of Mirror
After acquiring Mirror for $500 million in 2020, Lululemon Athletica, Inc. may now be looking into selling the company, according to a report from Bloomberg, which in turn cites sources “familiar with the matter.” It has not been confirmed, however, whether this is indeed the case. Lululemon bought Mirror in ...
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News briefsRussian market lost nearly 20% of fitness equipment suppliers
Since March 2022, almost every fifth fitness equipment supplier from Europe and the U.S. has curtailed operations in the Russian market. Currently, a large share of fitness equipment is imported to the Russian market through parallel import schemes, a study conducted by the Russian National Fitness Community (NFS) showed. For ...
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News briefsSprinter expands in the Netherlands
Sprinter has opened a 532-sqm store in Tilburg and will soon open a 1,000-sqm store in The Hague, raising its Dutch total to six. Both will have Player Service, in which sports teams can have their name and logo screen-printed on apparel. The Spanish retailer operates in its home country ...
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News briefsPou Chen to invest $280 million in India
The Indian state government announced April 17 that a subsidiary of the world’s largest maker of branded athletic footwear, Pou Chen, will invest 23 billion rupees (€256 million) to set up a manufacturing plant in Tamil Nadu. The Taiwanese footwear maker, which sells brands such as Nike, Adidas, New Balance ...
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News briefsCrocs’ EVP, chief legal and risk officer to retire next year
Daniel P. Hart, Crocs’ EVP, chief legal and risk officer, announced on April 11 his intention to retire from the company, effective April 1, 2024. Hart joined Crocs in June 2009. He is currently responsible for overseeing the company’s legal affairs and risk management program. Hart joined Crocs after serving ...
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News briefsMizuno revamps R&D at HQ
Mizuno has opened a new 6,500-sqm building for R&D at its world headquarters in Osaka. The I+D+i: Mizuno Engine, as it is called, has cost about 5 billion Japanese yen (€34m); has a sewing room, an adhesive/painting room, a 3D workshop, an environmental test room, an impact-test room, a gymnasium, ...
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News briefsFrance will invest up to €5 million to promote women’s football, adding to existing funds
Philippe Diallo, interim president of the French Football Federation (FFF), and Jean-Michel Aulas, member of the FFF executive committee and the owner of French football club Olympic Lyonnais, presented on April 13 a new plan to promote elite women’s football in the country. The budget that the FFF allocates to ...
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News briefsFrench Government to distribute 400,000 free tickets for Paris 2024
The French Government will distribute around 400,000 tickets for the Paris 2024 Olympic and Paralympic Games under the “Tous aux Jeux” scheme, which is meant to make the events accessible to all. Around 100,000 of these tickets will be distributed for the Olympic Games and a further 300,000 for the ...
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News briefs361 Degrees updates Q1 results
Retail sales of core 361 Degrees products rose by a low-teens percentage in Q1, the Chinese company reported. Also, retail sales of 361 Degrees Kids branded products increased by 20 to 25 percent, and overall e-commerce sales were up 35 percent year-over-year.
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News briefsDecathlon Ireland has a new CEO
French sporting goods retailer Decathlon has appointed Elena Pecos as the new chief executive of its Irish business. She takes over the role from Bastien Grandgeorge, who had led Decathlon Ireland since 2017 and is now at the helm of the French Decathlon business. Pecos joined Decathlon in 2006 as ...
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News briefsAdidas among the top European cross-border e-commerce retailers
Brussels-based Cross-Border Commerce Europe (CBCommerce), the platform that stimulates cross-border e-commerce in Europe, has released the fifth edition of “TOP 500 Cross-Border Retail Europe,” a research paper that ranks the 500 strongest European players with a focus on cross-border performance. Adidas Group took the 10th spot in the latest edition ...
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News briefsBennett nominated as chairman of Zalando’s supervisory board
Zalando’s nomination committee has proposed a new composition of the supervisory board for the annual general meeting, which will be held virtually in Berlin on May 24, 2023. Current vice chairman Kelly Bennett, who has been a member of the board since 2019, would take over as chairman from Cristina ...
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News briefsNew race walking event to debut at Paris 2024
World Athletics has announced that a new race walking team event will debut at the Paris 2024 Olympic Games. The new marathon race walk will feature 25 teams, each comprising one male and one female athlete, who will complete the marathon distance (42.195km) in four legs of approximately equal distance. ...
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News briefsPuma goes grunge with The Ragged Priest
Source: Puma Puma x The Ragged Priest footwear For over 15 years, The Ragged Priest has been mixing up British fashion with distinctive grunge-inspired fashion collections, specializing in worn knits and statement denim. Now, Puma has launched a collaboration that pays homage to both brands’ design signatures, ...
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News briefsH&M Move partners with LanzaTech for capsule made from captured carbon
H&M Move has collaborated with carbon capture company LanzaTech to create a clothing line made in part from captured emissions. In three simple steps, Illinois-based LanzaTech captures carbon emissions from steel mills, traps them in bioreactors and converts them into the same components used to make conventional polyester. This revolutionary ...
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News briefsPeak Performance with new B2B structure
The Swedish ski and outdoor brand Peak Performance is restructuring its B2B business. Marcel Hess, who was previously responsible for the omnichannel business in Central Europe, will take over the management of the global B2B business with immediate effect. Hess has been with Peak Performance for more than 10 years ...
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News briefsTonal raises fresh money and appoints new CEO
Source: Tonal Krystal Zell, new Tonal CEO Tonal, a celebrity-backed home fitness startup, has raised $130 million in a new round of funding. The struggling connected home exercise equipment company plans to use the new capital to strengthen its balance sheet and boost sales growth in the ...
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News briefsAsics opens its first European pro athlete training center
Japanese sports brand Asics has announced the opening of Chojo Camp Europe, the brand’s first European pro-athlete training center. The camp, managed by Dave Klink, is located at Font-Romeau, a commune in France’s Pyrénées-Orientales, near the Spanish border. Font-Romeau is one of the oldest ski resorts in France and the ...
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News briefsWattbike appoints Stephen Loftus as new CEO
As previously reported, Wattbike recently appointed Greg Nieuwenhuys as its new chairman. The U.K.-based specialist in indoor bikes has now announced another leadership change, with Richard Baker stepping down as the company’s CEO. Baker will remain involved with the brand as a special advisor to the board. Stephen Loftus, most ...
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News briefsAsics invites runners to join Run for Reforestation Challenge
Asics is inviting runners around the world to join the Run for Reforestation Challenge, which started on April 10 and will be held until April 30. The challenge encourages individuals to take action against climate change by supporting reforestation efforts while they are training to foster healthy minds and bodies ...
