News Briefs – Page 124
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News briefsXXL raises capital, warns of lower margins and exits Austria in 2023
Norwegian sporting goods chain XXL warns that lower margins will cut into Q4 profits and has decided to launch a NOK 500 million (€47.9m) targeted share issue. The largest owner Altor, led by XXL chairman Hugo Maurstad, has committed to a NOK 119 million (€11.4m) contribution. The capital from the ...
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News briefsMacron announces multi-year deal with the Italian Basketball Federation
Macron has announced a new four-year partnership with the Italian Basketball Federation (FIP). The agreement, starting from Jan. 1, 2023, will see the Italian teamwear company supply technical sportswear for all the national squads: Senior, Junior and 3x3, men and women. The referees involved in national competitions will also be ...
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News briefsDP World Tour and PGA Tour partner with Professional Golf Tour of India
DP World Tour and PGA Tour have jointly announced a new strategic partnership with the TATA Steel Professional Golf Tour of India (TATA Steel PGTI). The agreement includes a commitment to developing golf in India and a pathway for the country’s best players to reach the top levels of the ...
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News briefsLeki partners with Sidas on new customizable shin guard for ski athletes
Source: Sidas/Leki With a new shin guard aiming for slalom ski racers that is easily and quickly customizable, Leki and its material partner Sidas aim at specialized ski retailers who serve ambitious amateur ski racers. Unlike the individualized shin guards used in elite sports, which are fitted ...
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News briefsInfantino reportedly wants World Cup every three years
The FIFA’s president’s desire for more power, influence and revenue does not seem to stop after the World Cup in Qatar. According to an exclusive report by The Daily Mail, Gianni Infantino would like the FIFA World Cup to be held every three years instead of the current four. No ...
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News briefsBlue Tomato opens fourth store in the Netherlands
International boardsports and lifestyle specialist Blue Tomato is expanding its presence in the Netherlands with a fourth store. The company from Austria opened a new store in the “Spaarnestad” Haarlem just in time for the important shopping day Sinterklaas. The new store is located at Grote Houtstraat 96 and covers ...
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News briefsPangaia receives B Corp certification
London-based material science brand Pangaia has received B Corp certification, scoring 84.5 points in the assessment. Administered by the non-profit organization B Lab, the B Corp certification assesses a brand’s social and environmental impact. By obtaining the certification, Pangaea joins a community of 6,058 companies worldwide. More than 1,000 companies ...
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News briefsSport 2000 Austria joins global brand strategy and adapts claim
Sport 2000 Austria has joined the international marketing campaign of its mother company by adopting the corporate design and translating the brand claim “Home of experts” (launched by Sport 2000 International in April 2022) into German. “Wo Profis zuhause sind” (German for Home of experts) is the new motto in ...
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News briefsAdidas expands partnership with Common Goal
Adidas has unveiled the next step in its global partnership with Common Goal, which aims to help drive gender equality in football by supporting dedicated grassroots initiatives in this area, on and off the pitch. The German sportswear giant said that 1 percent of net sales of the official match ...
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News briefsSports organizations pledge to first-ever international “Sports for Nature Framework”
Twenty-three sports organizations, including the International Olympic Committee (IOC) as a founding partner, have signed the first-ever Sports for Nature Framework. The signatories commit to protecting and avoiding damage to important species and habitats, restoring key ecosystems, creating sustainable supply chains, and educating and inspiring the wider sporting community to ...
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News briefsFIFA confirms creation of 32-team Club World Cup from 2025
FIFA president Gianni Infantino has confirmed the introduction of a new quadrennial men’s Club World Cup that will kick off in 2025. The tournament will feature 32 top teams from across the globe, up from the original 24-team scheme that was planned for 2021, canceled due to the Covid-19 pandemic. ...
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News briefsNew “Jordan World of Flight” retail concept launches in Milan
Source: Nike Craig Williams, Jordan Brand President, and Sandra Idehen, Jordan Brand VP/GM, EMEA, stand at the World of Flight entrance. Jordan Brand has opened Jordan World of Flight Milan, an innovative retail destination to celebrate the legacy and future of basketball culture. World of Flight is ...
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News briefsAll for Padel not quite all pádel
CEO José Luís Sicre announced at this month’s seventh edition of International Padel Days in Barcelona that All For Padel is looking to make good on its slogan, “Not everything’s padel,” especially when it comes to international expansion. According to CMDsport, the Adidas retail licensee is looking to move into ...
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News briefsEuropean industrial production is decreasing, but performs better than in 2021
Industrial production fell 2 percent in the euro area and 1.9 percent in the European Union (EU) in October 2022 compared with September 2022, according to estimates from Eurostat, the EU’s statistical office. Nevertheless, industrial production rose by 3.4 percent in the euro area and by 3.7 percent in the ...
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News briefsShein looks at becoming an online marketplace
Shein, one of the world’s largest online fashion retailers, is looking at becoming an online marketplace, according to The Wall Street Journal. The move would likely mean Shein becomes a direct competitor for existing e-commerce sites such as Alibaba, AliExpress and Amazon Marketplace, expanding beyond selling its own apparel and ...
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News briefsAdidas chooses a unique strategy for latest product launch
Adidas organized a unique product launch and purchasing system for the final sneaker model in its collaboration with Latin artist Bad Bunny. The Last Forum – the latest model in its Forum sneaker line and the final in collaboration with the artist – was available only through the Adidas Confirmed ...
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News briefs
VF is said to be interested in selling JanSport
According to Bloomberg citing „people with knowledge of the matter,” VF Corp is considering selling the JanSport backpack and adventure luggage brand. There are no details of a potential investor revealed whatsoever. Shares of VF, the owner company of The North Face (TNF), Vans and Timberland brands, have dropped by ...
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News briefsOerlikon signs agreement to acquire Riri
The Swiss Oerlikon group, a textile technology provider, specialized in surface solutions and polymer processing solutions, has announced an agreement to acquire the zippers and accessory specialist Riri. The transaction is expected to close in the first quarter of 2023, subject to regulatory approvals and standard closing conditions. Riri supplies ...
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News briefsJD Sports divesting 15 non-core fashion brands
JD Sports is selling 15 non-core, U.K.-based fashion businesses to Frasers Group for cash consideration of up to £47.5 million (€54.9m). The divestiture will result in JD taking a non-cash exceptional charge of up to £100 million and shifting more focus to the international and digital businesses of its core ...
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News briefsAsics partners with Apparel Group to roll out retail stores in the GCC
Asics has teamed up with regional conglomerate Apparel Group to launch Asics retail stores in Qatar, United Arab Emirates (UAE), Saudi Arabia, Oman and Bahrain. The franchise contract encompasses the opening of 20 stores within the next five years. The first Asics store under this agreement was inaugurated at the ...
