News Briefs – Page 134
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News briefsNike parts ways with Kyrie Irving, Kyrie 8 won't launch
Nike has suspended its relationship with Kyrie Irving, the American basketball player who competes with the Brooklyn Nets of the National Basketball Association (NBA). The decision was made in the wake of the controversy surrounding Irving’s recent social media post referring to “Hebrews to Negroes: Wake up Black America,” a ...
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News briefsTechnogym posts 14.4% sales growth, with 47.1% increase in North America
Technogym, the Italian specialist in fitness equipment, has seen revenues increase by 17.4 percent, or 14.2 percent at constant currency, to €498,7 million in the first nine months of 2022. Growth was driven by B2C, with segment revenues doubling compared to the pre-pandemic period. The B2B segment also posted strong ...
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News briefsAllbirds updates sustainability principles and objectives framework
Allbirds has provided an update to its main CSR plans on its website, giving an overview on achievements, changes and objectives settled in its sustainability report that was published in October 2022. Important notes are the new RSL list that will launch to Allbird’s suppliers in Q4, 2022, including guiding ...
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News briefsLewis Hamilton joins the celebrity list of investors in TMRW Sports
Formula One driver Lewis Hamilton is joining TMRW Sports as an investor, the company has announced. TMRW Sports, a technology-focused venture that aims to bring innovative approaches to sports, media, and entertainment, was created in August by golf stars Tiger Woods and Rory McIlroy with NBC Sports veteran Mike McCarley, ...
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News briefsLacoste parent appoints Carole de Montgolfier to CSO position
Source: MF Brands Group Carole de Montgolfier MF Brands Group has appointed Carole de Montgolfier to the newly established role of chief sustainability officer. She will report to Alexandre Nodale, the group’s deputy CEO. MF Brand’s portfolio includes Lacoste and Tecnifibre in sports as well as the ...
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News briefsPatrik Frisk acquires Swedish ski resort
Patrik Frisk, former CEO of Under Armour, has purchased a ski resort in Sweden. Branäs Group announced the sale of Ulricehamn Ski Center in Västergötland to Frisk and his family last Thursday. Frisk told Freeride magazine that he wants to give more young people, families and clubs in the region ...
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News briefsWilson announces partnership extension with NCAA
Wilson Sporting Goods has announced an extension to its partnership with the National Collegiate Athletic Association (NCAA) as the official ball of March Madness and the Final Four for both the men’s and women’s basketball championships and the National Invitation Tournament (NIT). In addition, the Big Ten Men’s and Women’s ...
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News briefsFirst Under Armour store in southern Italy
Oberalp, the exclusive distributor of Under Armour in Italy, has opened an Under Armour store in Catania, Sicily, the first of the American brand in southern Italy. The new 120-square-meter store is located inside the Centro Sicilia shopping mall. The recent opening brings the number of Under Armour stores operated ...
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News briefsOeko-Tex undergoes rebranding, publishes branding guidelines
Designed by the German design and branding agency Schwitzke ID, Oeko-Tex has reworked its logo and brand ID. The biggest change is the new brand logo based on a drop-shaped graphic associated with a leaf, drop or textile bow. The branding guidelines that are to be followed by Oeko-Tex-certified companies ...
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News briefseBay’s sales continue to decline
eBay has posted another revenue decline in Q3, which was marked by inflation and economic worries. In the quarter ended September 30, revenues fell five percent year-on-year to $2.4 billion. Adjusted income fell seven percent to $552 million. eBay has been struggling since the pandemic online order boom came to ...
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News briefsH&M’s Arket opens flagship in Paris
The first French flagship store of Arket, H&M’s “one-stop destination for sustainable fashion for women, men and children,” opens Nov. 4 in a sleek Scandinavian design at 13 Rue des Archives, Le Marais, in Paris. The store covers 400 square meters on two floors and overlooks a courtyard with a ...
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News briefsGermany decides on energy price cap, effective 2023
German energy price caps announced by Chancellor Olaf Scholz to mitigate the impact of inflation will go into effect in early 2023, according to a government timetable. The gas price effect is set to go into effect on Jan. 1 for large companies and on March 1 for households and ...
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News briefsSwiss consumer sentiment at record low
Consumer sentiment in Switzerland has continued to decline, falling to -46.6 points in October from -41.7 in July and reaching its lowest level since the consumer survey began in 1972, according to the State Secretariat for Economic Affairs. The decline comes amid high inflation and cloudy economic prospects, although perceptions ...
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News briefsMore sanctions against Belarus considered
The European Union will examine the possibility of imposing sanctions against Belarus for its role in supporting Russia in its war against Ukraine, according to Czech prime minister Petr Fiala. The Czech Republic holds the rotating presidency of the European Union. “We are currently examining […] Belarus’ role and the ...
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News briefsXTERRA appoints Doug Hall as GM EMEA
XTERRA, a global lifestyle brand from Hawaii focusing on off-road triathlon, announced that Doug Hall has joined the leadership team as general manager for XTERRA’s Europe, Middle East and Africa region, a newly created position focusing on brand expansion, quality control and day-to-day operations in the region. A longtime elite ...
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News briefsVulcabras continues gains from footwear portfolio
Vulcabras’ recurring net income rose 36 percent to 99.9 million Brazilian reais (€19.6m) from BRL 73.6 million for the period ended Sept. 30. Ebitda declined 4.8 percent to R$132.2 million (€25.9m) from R$138.9 million, as the gross margin improved to 37.7 percent from 36.1 percent. Net revenues were 24 percent ...
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News briefsPuma recognized as Company of the Year at German Diversity Award
Puma was named “Company of the Year” at this year’s German Diversity Award for its commitment to providing its employees with an open and tolerant working environment. Employees in management positions at Puma receive regular training on topics such as diversity, intercultural communication and inclusion, and there are regular events ...
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News briefs
Aaron Donald and Jaylen Brown are leaving Kanye West’s agency
Aaron Donald and Jaylen Brown are both leaving Donda Sports, Kanye West’s sports marketing agency. The decision comes on the heels of West’s controversial antisemitic remarks, which also cost him his partnership deal with Adidas, as recently reported by SGI Europe. Donald plays for the Los Angeles Rams of the ...
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News briefsAmazon announces 15% sales increase in Q3 but gives weak guidance for Q4 holiday season
Amazon has announced a net sales increase of 15 percent to $127.1 billion in the third quarter ended Sept. 30. Excluding the $5.0 billion unfavorable impact from year-over-year changes in foreign exchange rates during the quarter, net sales increased 19 percent versus third quarter 2021. Sales at the Amazon Web ...
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News briefsAliExpress launches 11.11 global shopping festival with longest sales period ever
AliExpress, the global online retail marketplace owned by Alibaba Group, officially kicked off its 2022 11.11 Global Shopping Festival on Oct. 31 under the theme “Deals & Fun. Always Better Together” – a full two weeks earlier than previous years and running throughout November. For all orders in Spain, France, ...
