News Briefs – Page 139
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News briefs
Grupo SBF’s director resigns
Grupo SBF, the parent of Brazil’s top retail sporting goods chain in Centauro and distributor of Nike in the South American market since December 2021, announced that the company’s director, Thiago Rebelo, has resigned on Oct. 11, 2022. At this time, the company has not provided further information on the ...
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News briefs
FIFA to launch a metaverse
With the World Cup set to begin in Qatar, FIFA has signed a multi-year deal with Roblox to set up a metaverse with videos, games, in-game events, social spaces, rewards, virtual collectibles and collector competitions. Our readers might remember the Roblox company’s virtual environment and platform for multi-player video games ...
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News briefs
Performance Days Award winners announced
In the run-up to the winter season’s Performance Days and Functional Fabric Fair, the winners of the 2024/25 Performance Awards were announced this week. This year, two prizes were awarded, with the Performance Award going to Long Advance for its fabric, LPD-22015- Y4E, and the new Eco Performance Award going ...
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News briefs
MySale recommends shareholders accept Frasers buyout offer
MySale has recommended its shareholders accept Frasers Group’s offer to buy the stake in the online shopping group it does not already own, despite maintaining their belief that the bid price undervalues the company. Frasers has offered 2 pence in cash per remaining MySale share. The Australian fashion group said ...
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News briefs
Alibaba.com offers new service for European B2B buyers
Alibaba.com, Alibaba Group’s B2B marketplace, is launching a new B2B service called Alibaba.com Select, aimed at retailers, distributors, wholesalers, medium and large enterprises in Europe that already import from China or are interested in doing so. According to “The Future of B2B E-Commerce: Online Platforms,” an independent study by ...
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News briefs
JD Sports CFO Neil Greenhalgh to step down in 2023
Neil Greenhalgh, chief financial officer of U.K.-based JD Sports Fashion Plc has informed the company board of his intention to step down from his role as CFO next year. According to a company release, a nominations committee led by Andy Higginson will commence a process to recruit a successor. Greenhalgh ...
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News briefs
WCO and UNCTAD strengthen cooperation to enhance supply chain digitalization
The World Customs Organization (WCO)’s secretary general, Kunio Mikuriya and his homolog at the United Nations Conference on Trade and Development (UNCTAD), Rebeca Grynspan, signed a Memorandum of Understanding (MoU) on Oct. 4 that aims to improve supply chain digitalization and data sharing for global trade industries. The MoU, which ...
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News briefs
Decathlon Belgium temporarily becomes "Nolhtaced"
Source: @DecathlonBe on Instagram Decathlon Belgium is changing its name to “Nolhtaced” (written backwards) for the next month. The move comes as part of a marketing and sustainability drive to promote “reverse shopping,” the retailer explained in a press release. Decathlon buys, repairs and resells second-hand products ...
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News briefs
Sprinter opens new stores in mainland Spain and the Canary Islands
Sprinter has just inaugurated a 925-square-meter store at the Atalaya del Tormes shopping mall in Salamanca and will soon open a new 750-square-meter store in Alicante on Oct. 20. More openings are planned in the Spanish island of Lanzarote, in the Canary Islands, for November, as well as in Pontevedra, ...
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News briefs
European Commission and UEFA extend cooperation with new agreement up to 2025
The vice president of the European Commission, Margaritis Schinas, and UEFA president Aleksander Čeferin have renewed the European Commission-UEFA Arrangement for Cooperation, which first entered into force in 2014. They met on Oct. 6 at the European Commission headquarters in Brussels. According to UEFA, this latest institutional agreement, which provides ...
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News briefs
Puma teams up with Modibodi on a series of “Period Pep Talks”
Puma has collaborated with absorbent apparel brand Modibodi on a series of Period Pep Talks with female athletes designed to encourage women and girls to stay in sport. The initiative is meant to address the problem of girls quitting sports due to periods. The talks feature Australian rugby star Tiana ...
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News briefs
Puma introduces sneaker infused with nitrogen foam
Puma has launched the Extent, a sneaker whose midsole features an innovative Nitro (nitrogen-infused) foam that is said to make it extremely lightweight, springy and soft. The Extent’s layered upper is inspired by Puma’s archive of 2000s long-distance running shoes. The material mixtures differ from one color to another, including ...
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News briefs
Lacoste appoints new deputy CEO
Lacoste has promoted Catherine Spindler, currently chief brand officer, to deputy chief executive officer. In her new role, her mission will be “to continue the premiumization of the iconic French brand at the crossroads of fashion and sport and to strengthen its distinctiveness and the consistency of its expression in ...
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News briefs
Asics releases trainer with the world’s smallest carbon footprint
With the launch of its Gel-Lyte III CM 1.95 trainer, Asics has unveiled a sneaker with the world’s lowest carbon footprint. As the name suggests, the shoe emits 1.95kg CO2e across its lifecycle. This is significantly less than the lowest CO2e sneakers currently available on the market, based on available ...
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News briefs
Lacoste and Thrasher skate mag collab
Source: Lacoste Thrasher x Lacoste Legendary skateboarding magazine Thrasher, which has been around since 1981, has teamed up with apparel brand Lacoste for the first time for a joint skate collection. The collection’s design combines style elements from San Francisco and Paris, the two hometowns of the ...
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News briefs
Sport 2000: first annual meeting of Absolute Teamsport retailers
In late September, all 21 partners currently running a Sport 2000 Absolute Teamsport concept store gathered for the first time for an interchange of experience. The meeting of retailers from six countries took place in Antwerp, Belgium, and was supported by the main partner brands for the retail concept, Nike, ...
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News briefs
ICC urges companies to pilot the new sustainability framework
The International Chamber of Commerce (ICC) has launched a call to banks, corporates and tech companies to take part in piloting a framework to grade the sustainability profile of individual trade transactions. In the project’s first phase, the piloting of the new Sustainable Trade Framework will focus on the textile ...
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News briefs
Falling cotton prices
Cotton prices are dropping amid economic concerns and weak demand as fears of a global economic slowdown might negatively impact demand for apparel and other goods. In its report for September, cotton market information resource Cotlook said that international cotton prices “reversed direction in dramatic fashion” during the month, registering ...
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News briefs
Bollé sells Cébé
Bollé Brands Group is selling Cébé to a coalition of companies: D.MO and Racer. D.MO is devoted to project management and the industrialization of products in the outdoor sector. Both of its chief executives, Sébastien Delsaux and Maxime Bos, are former Cébé employees. Racer, meanwhile, is a French manufacturer of ...
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News briefs
Rossignol Group chooses Wintersteiger to provide race ski service machines
Rossignol Group, home to winter sports brands Rossignol and Dynastar, has invested in Wintersteiger’s Jupiter ski service machines for their three production centers in France and Spain. Introduced in 2021, the precision machines will ensure premium processing for the group’s racing ranges and guarantee a perfect, consistent finish and ski ...