News Briefs – Page 126
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News briefsPeloton executives accused of insider trading by shareholders
A lawsuit filed in Delaware Chancery Court by Krikor Arslanian on behalf of Peloton shareholders accuses 12 current and former Peloton executives, including co-founders John Foley and Hisao Kushi, of insider trading. The executives sold $500 million worth of stock last year despite allegedly knowing about the safety problems with ...
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News briefsHavaianas releases app for custom flip-flops
According to Lorena, Havaianas is celebrating its 60th anniversary with the release of an app that will enable customers to customize the flip-flops they purchase through it. Limited to the Brazilian brands’ two most traditional models, the Top and the Slim, the service covers prints and color combinations for straps ...
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News briefsZenkai Sports raises $1 million from strategic investors
Portland, Oregon-based natural and sustainable performance apparel brand Zenkai Sports announced the closing of a $1 million funding round to drive growth and product development. Founded by former professional field hockey player Doug Lynch and 40-year apparel industry veterans Raj and Akhil Shah, Zenkai’s eco-friendly apparel supports both performance and ...
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News briefsNew management at Havaianas’ European hub
Havaianas has made several changes to the executive suite at its European hub in Madrid, according to Modaes. The Alpargatas-owned brand has promoted Vanessa Sosa, a 12-year brand veteran formerly with Tommy Hilfiger, from head of Spain to sales director for Europe, the Middle East and India. To succeed Sosa ...
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News briefsAdidas Basketball unveils first premium collection
Source: Adidas Adidas Basketball 2023 Collection: Chapter 01 Adidas Basketball has unveiled The 2023 Collection: Chapter 01, the first in a series of premium offerings from the brand embedded in its “Remember the Why” ethos of “demonstrating the art of reduction through bold simplicity and intentional design.” ...
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News briefsReebok announces the winner of the 2022 Reebok Human Rights Award
Source: Reebok Dieter Cantu named recipient of 2022 Reebok Human Rights Award Reebok has announced that community organizer, activist and social entrepreneur Dieter Cantu has been named the recipient of the 2022 Reebok Human Rights Award. The program, which highlights individuals doing impactful work that promotes human ...
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News briefsSerena Williams launches Will Perform
Former pro tennis player Serena Williams is the co-founder of Will Perform, a new brand of topical products for pain relief and muscle care designed for fitness lovers and the specific recovery needs of athletes. Williams partnered with Hank Mercier, who will serve as CEO, and Eric Ryan to co-found ...
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News briefsJD Sports’ storefront in Oxford Street becomes an AR arcade game
JD Sports has transformed the facia of its flagship store in London’s Oxford Street into a free interactive claw grabber game using augmented reality (AR). The sporting goods retailer has launched the experience in partnership with Snap Inc., the tech company behind Snapchat. In order to play, shoppers scan the ...
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News briefsNike supports community organizations that address inequality in sport
Nike is partnering with 12 community organizations across Europe that address inequities across race, gender, sexual orientation and disability. These Inclusive Community grants will initially be given to organizations in London, Berlin, Barcelona and Amsterdam, including: Disability Sport Coach, Sporting Equals and Not a Phase [London]; Les Hijabeuses [Paris]; Special ...
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News briefsFusalp is expanding its retail presence
High-end skiwear brand Fusalp has recently opened new stores in New York and Zurich. The new flagship in New York, which opened its doors on Nov. 5, is located on Madison Avenue, next to a Givenchy boutique, and extends over 240 square meters. The new 150-sqm store in Zurich followed ...
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News briefsGymshark will have a new chief people officer in 2023
U.K.-based activewear brand Gymshark has announced that Laura Hagan will join the company in Jan. 2023 as its new chief people officer (CPO). She will be joining from Tate & Lyle, where she held the role of chief human resources officer for four years. Prior to that, she worked at ...
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News briefsAllbirds announces promotions within its executive leadership team
Allbirds has announced promotions within its executive leadership Team. Kate Ridley, chief brand officer, has been promoted to chief brand and product officer. Benny Joseph, chief technology officer, has been promoted to chief technology and culture officer. Co-CEO Tim Brown will expand his focus to include leadership of Allbirds’s innovation ...
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News briefsBurton launches online rental program
Burton has announced a new online rental program for snowboards, boots, bindings and outerwear in the continental U.S. The rental model is aimed at short-term rentals, with gear shipped directly to the customers. Burton promises professionally cleaned and like-new condition equipment, shipped with the tools and hardware needed to set ...
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News briefsMaria Valdes promoted to Puma chief product officer and board member
Source: Puma Maria Valdes Effective Jan. 1, 2023, Puma executive Maria Valdes will be promoted to chief product officer and a member of the board of management. Currently, Valdes is the GM of Puma’s largest business unit, sportstyle. In her new role, she will be responsible for ...
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News briefsChina eases Covid restrictions
China announced a general relaxation of Covid-19 health rules, authorizing patients with mild symptoms and for asymptomatic cases to quarantine at home. Previously, such cases were sent to mass quarantine centers. The National Health Commission also indicated that negative PCR test results would no longer be needed for domestic travel ...
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News briefsInternational Ski and Snowboard Federation takes over the Freeride World Tour
With immediate effect, the Freeride World Tour (FWT) is merging with the International Ski and Snowboard Federation (FIS), which is taking over the shares of the FWT. The two organizations will work together from the 2022/23 season. The FIS, founded in 1924, is recognized by the International Olympic Committee (IOC), ...
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News briefsQatar looking to host 2036 Olympics
Qatar is reportedly ready to bid once again to stage the Olympic Games in 2036, despite having failed in the past, according to multiple press sources. Qatar is currently hosting the FIFA World Cup, the first to take place in the Middle East and in a northern hemisphere winter. FIFA ...
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News briefsBenoit Verdier no longer general manager of Go Sport
Less than a year after his appointment, Benoit Verdier has resigned as general manager of French sporting goods retailer Go Sport. The retailer’s 2,160 employees received the news of his departure on Dec. 1 “without any explanation,” according to French newspaper Le Monde. Verdier became general manager of Go Sport ...
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News briefsCytech has acquired Pasasport
Cytech has announced the acquisition of a majority stake in Pasasport, an Italian manufacturer of gloves and accessories for cycling, running, skiing, sailing and other sectors. Controlled by PM & Partners and also headquartered in Italy, Cytech is the owner of the Elastic Interface padding brand for cycling shorts and ...
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News briefsBioniq acquires Vaha
Bioniq has acquired Vaha, known for its award-winning interactive fitness mirror. Bioniq is a London-based firm specializing in healthcare supplements. The move is part of the company’s mission to promote health and well-being, which will now combine bespoke supplements and personalized home fitness. The Bioniq global platform, now including Vaha, ...
