News Briefs – Page 127
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News briefsZwift appoints former Amazon executive as co-CEO
Zwift has announced that Kurt Beidler is to become the company’s co-CEO. He will be sharing duties with Eric Min, who will remain chairman of the company. Beidler joins Zwift from Amazon, where he spent 17 years, most recently leading the Amazon Kids+ subscription service.
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News briefsDecathlon integrates Resortecs disassembly technologies and launches ski jacket designed for recycling
Resortecs, the textile technology company, has announced that Decathlon is launching the first ski jacket to incorporate its Smart Stitch thread, in the retailer’s winter sport’s brand, Wedze. Resortecs has received a €2.5 million grant from the E.U. to accelerate the go-to-market of its heat-dissolvable and purportedly fully recyclable sewing ...
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News briefsFanatics raises close to $700 million, hits $31 billion valuation
In a new investment round, sports merchandise giant Fanatics Inc. has raised roughly $700 million, most of it from parties that had not previously invested in the company. According to various accounts in the business news media, among those new investors are private-equity firm Clearlake Capital Group LP, which led ...
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News briefsMetabolism measurement technology provider Lumen raises $62m
Source: Lumen Israeli company Lumen, founded in 2014, has raised $62 million in a Series B funding round led by Pitango Growth. Participating investors include Hanwha Group, Resolute Ventures, RiverPark Ventures, Unorthodox Ventures, Almeda Capital and Disruptive VC. Lumen focuses on a handheld device and a connected ...
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News briefs
Anta weighing up an IPO of Amer Sports
Anta Sports is considering an initial public offering (IPO) of Amer Sports, Bloomberg has reported, drawing its information from people familiar with the matter who asked not to be identified. Amer Sports includes brands like Wilson, Arc’teryx, Salomon and Atomic. The company and its co-investors are currently holding preliminary negotiations ...
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News briefsSnapchat and H&M release a digital fashion collection
Technology company Snap, owner of the visual messaging service Snapchat, is partnering with fashion retailer H&M to launch a digital collection powered by the Snap Camera. From Dec. 5, 2022, users have access to three augmented reality Try-On Lenses, available via H&M’s mobile app and on Snapchat. The lenses ...
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News briefsRossignol to donate refurbished skis
From now through to April 30, 2023, Rossignol will be running a charitable drive called “One for One,” in which it pledges to donate one pair of reconditioned skis to charitable organizations and amateur sports federations in developing countries for every new pair purchased online. The company says that every ...
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News briefsUYN hires new distributor for Spain, Portugal
UYN (Unleash Your Nature) has hired Mega Sport to handle its distribution in Spain and Portugal. The distributor’s chief executive, David Vinyeta, told CMDsport that the Italian apparel brand for outdoor, running, cycling, yoga and other sports produced some 1,860 products last year at its 3,500-square-meter research center, Areas (Academy ...
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News briefsIdris Elba’s Don’t Stab Your Future launches new charity Nike Air Force One
Idris Elba’s non-profit apparel brand Don’t Stab Your Future has designed an exclusive variation of the Nike Air Force One in collaboration with NFL coach Aden Durde as part of the NFL’s My Cause My Cleats initiative. The shoe features the words “Don’t Stab Your Future” on the Nike swoosh ...
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News briefsKeller Sports opens insolvency proceedings, business operations continue
The German Keller Group – umbrella company of Keller Sports, Keller X, Keller Premium and Keller Smiles – has filed for insolvency proceedings in self-administration at the Munich District Court, according to German trade magazine TextilWirtschaft. The main reasons cited are the supply chain crisis and the significant deterioration in ...
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News briefsUN Resolution highlights power of sport to achieve peace and sustainable development
The United Nations (UN) General Assembly in New York adopted on Dec. 1 a consensus resolution that recognizes the power of sport to expand sustainable development and inspire young people around the planet. The text is titled “Sport as an enabler for sustainable development.” In his opening remarks, the president ...
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News briefsXXL announces new group CEO
Norwegian sporting goods retailer XXL has announced the appointment of Freddy Sobin as the next group CEO. He is expected to join XXL by May 2023 at the latest. Stein Eriksen, currently serving as interim CEO, will return to his position as CFO when Sobin joins XXL next year. He ...
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News briefsExecutive changes continue at Elevate Outdoor
Elevate Outdoor Collective (EOC) – the owner of K2, Völkl, Marker, Dalbello, Ride Snowboards, Line Skis, Backcountry Access, Atlas Snow Shoe, Tubbs Snowshoes and other brands – is promoting Dagmar Ruthert to director of sales for the European market. She will be reworking both customer service (to refocus it on ...
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News briefsDecathlon Germany expands emission-reduced delivery service
Following the successful launch of Buy Back, Decathlon Germany is expanding its next-day delivery with reduced CO2 emissions to additional cities. This involves the delivery of orders as early as the following day using electrically powered cargo bikes, which save CO2 compared to the usual means of transport, such as ...
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News briefsAlibaba launches new marketplace in Spain
Chinese e-commerce giant Alibaba launched a new marketplace called Miravia in Spain on Dec. 1. It connects brands and content creators with consumers. The platform offers fashion, beauty, food and lifestyle products. Earlier this year, Alibaba expanded its existing online marketplace Lazada to Europe, now Miravia was launched in addition. ...
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News briefsOdlo DACH with new head effective 2023
Pascal Schweizer, current managing director of Odlo Germany, Austria and Switzerland, will leave the company on Jan. 31, 2023, after more than nine years. Schweizer joined the company in 2013 as managing director Germany from Kettler and took over the management of the DACH markets in 2018. Now he follows ...
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News briefsFire+Ice and POW collaborate
Bogner’s Fire+Ice brand and the non-profit organization Protect our Winters (POW) have entered into a collaboration. The result is the unisex Gregory Varsity Ski Jacket, limited to 350 pieces, featuring an exclusive print by American artist Gregory Siff. The jacket, a typical mix of fashion and performance, is, according to ...
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News briefsGerman World Cup dropout does not change Adidas’ revenue forecast
Adidas is sticking to its sales expectations for the World Cup in Qatar even after the German national team was eliminated from the tournament.
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News briefsUnless partners with NFW to release 100% plant-based sneaker
Source: UNLESS Collective Unless Collective has partnered with NFW (Natural Fiber Welding) to release a 100 percent plant and mineral-based sneaker, the Degenerate. The skate-inspired sneaker contains zero plastic and is designed to harmlessly decompose at the end of its life. It is the first product to ...
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News briefsItalian sports shoes maker M.G.M. acquires Gruppo Rekord
Italian footwear manufacturer M.G.M. S.p.A. has acquired Gruppo Rekord, a producer of high-end sneakers and outdoor shoes. M.G.M. has been on the market for over 35 years in the segment of mountain and outdoor sports footwear, as well as roller skating, with distribution all over the world. M.G.N.’s brand portfolio ...
