News Briefs – Page 105
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News briefsActivist platform calls on Nike to be more transparent about supply chain labor conditions
According to Reuters, London-based activist shareholder platform Tulipshare is calling on Nike to provide more transparency about working conditions in its supply chain and disclose whether the company’s policies actually meet its stated justice goals and human rights commitments. The group, which owns 276 Nike shares and wants to help ...
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News briefsAdizero: Road To Records returns
Adidas announced the return of the third edition of its Adizero: Road To Records, which will take place on April 29, 2023. Since its debut in 2021, some of the world’s fastest runners have set two world records, one European record and nine national records – all at the Adidas ...
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News briefsPuma announces new U.S. kids collection inspired by hit show CoComelon
As previously announced, Moonbug Entertainment, a subsidiary of Candle Media, has partnered with Puma to launch a new children’s footwear and apparel collection inspired by the characters of Moonbug’s hit series CoComelon. Inspired by the popular characters, including JJ, Nina and Cody, the Puma x CoComelon collection includes five different ...
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News briefsTechnogym results driven by B2B, North America
Annual operating income increased by 4.9 percent to €82.8 million from €78.9 million for Technogym as the Italian company realized 14.9 percent constant-currency revenue growth to €721.5 million, driven by expansion in the business-to-business sector. Sales to consumers declined by 9.0 percent year-over-year to €165.4 million from €181.7 million but ...
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News briefsWolverine Worldwide announces change to Sweaty Betty reporting structure
Wolverine Worldwide has announced Sweaty Betty will now report to its London-based International Group, which is responsible for operations outside the U.S. Previously, Sweaty Betty was aligned with Wolverine’s Active Group but reported to Wolverine Worldwide president and CEO Brendan Hoffman. Sweaty Betty will now report to Isabel Soriano, president ...
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News briefsIntersport Spain has a new country director
Ángel Solores will replace Xavier Alomar as the head of Intersport Spain, effective April 1. Alomar, who joined Intersport in 2019, is leaving the company to pursue other personal projects, Intersport said. Solores has long-standing experience in sports retail and consulting after running Probike for ten years and working for ...
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News briefsFrancophone Games take place this summer after being postponed twice
The Democratic Republic of Congo (DRC) will host the 9th edition of the Francophone Games in its capital city, Kinshasa, from July 28 to Aug. 6. This edition of the Games was initially scheduled for 2021 and postponed twice, first because of the Covid-19 pandemic, rescheduled to ...
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News briefsAlibaba continues global digital talent program with global conference
The Alibaba Group has continued its global digital talent (DGT) program, an initiative to promote academic exchanges and talent incubation for global digital transformation and inclusive development. The first hybrid conference since the pandemic brought together representatives of Alibaba’s global partner educational institutions, showcasing the learnings and achievements of the ...
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News briefsAdidas withdraws opposition to Black Lives Matter trademark application
Adidas has reversed its decision to pursue an objection to a Black Lives Matter Global Network Foundation (BLM) application for a trademark with the U.S. Trademark Office. The application, from Nov. 2020, features a design including three parallel stripes. Adidas originally sought on Monday, March 27, to block the application, ...
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News briefsTech company for shoe fitting secures €14 million in funding
SafeSize, the tech company that helps consumers find the perfect fitting shoes in physical and online stores, has raised €14 million in Series B funding, with the participation of Phaistos Investment Fund as well as existing investors Convent Capital and 3TS Capital Partners. SafeSize will use this capital to expand ...
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News briefsAlibaba to be divided into 6 business units
Alibaba will split into six business units that will have the right to raise funds independently and be listed. The restructuring aims to make the group “more agile, shorten decision-making links and respond faster,” Daniel Zhang, chairman and chief executive, wrote in a letter to staff. The six units will ...
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News briefsAdidas to host virtual fashion show at the Metaverse Fashion Week
The second ever Metaverse Fashion Week (MVFW), organized and hosted by Decentraland, is to take place March 28–31 and will feature a fashion show by Adidas. The MVFW is a multi-disciplinary and cross-metaverse event consisting of runway shows, after-parties, educational talks, shopping, immersive experiences, and entertainment. The theme of ...
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News briefsHurley owner acquires fashion brand Scotch & Soda
Bluestar Alliance, a New York-based brand management company that also owns the Hurley surf brand, has announced the acquisition of Amsterdam-based fashion brand Scotch & Soda. The acquisition by Bluestar Alliance will allow Scotch & Soda and its products to continue in key markets, including the Netherlands, approximately one week ...
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News briefsSpanish group’s plans so far paying off
Base Detall Sport continues to pursue its triple plan of expansion, verticalization and digitalization, according to Diffusion Sport. The Spanish group has now converted most of its stores to the new corporate image, and post-conversion sales are up on average by 20 percent. As we reported last month, the group ...
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News briefsL Catterton and HPC enter strategic partnership to bolster new fund platforms
Consumer-focused investment firm L Catterton has entered into a strategic partnership with Hunter Point Capital (HPC), under which HPC has made a passive minority investment in L Catterton. Bennett Goodman, co-founder and executive chairman of HPC, will subsequently serve as strategic credit advisor to L Catterton. In its 34-year history, ...
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News briefsPádel brands should expect a reckoning, says Head exec
Head Spain’s revenues rose by 46 percent last year to the record level of €27 million. Racquet sales accounted for some 70 percent of the total, and within that preponderance, pádel outsold tennis three to one. But this has not translated directly into retail sales. According to Head Spain’s business ...
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News briefsBiohacking expo going to Dubai
Asia’s first edition of the World Biohack Summit (WBHS) is scheduled for May 30-31 at the Grand Hyatt Hotel in Dubai. By the organizers’ definition, biohacking is a “health optimization model” consisting of things like genomics, personalization, lifestyle modifications, AI, wearables, “quantified self tools,” and the teachings of “ancient wellness ...
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News briefsHummel has its climate targets validated by SBTi
The Danish sportswear brand Hummel has announced that its climate targets have been validated by the Science Based Initiative (SBTi), which has verified Hummel’s targets to reduce absolute scope 1 and scope 2 greenhouse gas emissions by 60 percent by 2031 from a 2021 base year. Additionally, Hummel has committed ...
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News briefsEuropean Commission: Live-stream discussion on forced labor on March 28
In Sept. 2022, the European Commission presented a proposal for a regulation to prohibit products made using forced labor, including child labor, on the internal market of the European Union (EU). Work is now underway to prepare the relevant legislation. To raise awareness of the topic, “Care ...
