News Briefs – Page 156
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News briefsSafilo Group joins The Fashion Pact
Safilo Group has joined The Fashion Pact, a global sustainability coalition of companies in the fashion and textile industry, the company announced earlier this week. According to its website presentation, The Fashion Pact was launched at the G7 Summit in Biarritz, France, in 2019 as a mission given to Kering ...
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News briefsEA’s FIFA video game will feature women’s teams for the first time
Electronic Arts (EA), the global specialist in digital interactive entertainment, has revealed that EA Sports FIFA 23 will feature women’s club teams for the first time with the inclusion of the Barclays Women’s Super League and Division 1 Arkema, the highest divisions of women’s football in England and France, respectively. ...
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News briefsJD Sports re-affirms FY Ebit guidance, continues CEO search
Updating its June 22 statement on year-to-date results, JD Sports said total sales in the group’s like-for-like businesses were 5 percent ahead of year-ago levels through June 30. With the positive result, JD is maintaining a performance outlook that calls for profits before tax and exceptional items for the fiscal ...
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News briefs
Rawlings acquires Jack Corbett Hollywood Bases
Rawlings Sporting Goods Company, the global brand and manufacturer of baseball and softball equipment, has acquired the Jack Corbett Hollywood Bases brand from Schutt Sports. The acquisition allows Rawlings to add field bases and accessories to its list of officially licensed Major League Baseball (MLB) products. The Jack Corbett Hollywood ...
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News briefs
Viaplay Group acquires Premier Sports
International streaming company Viaplay Group AB has agreed to acquire Premier Sports, a U.K.-based sports streamer and TV channel operator. The transaction values Premier Sports at £30 million (€35.2m) on a cash and debt-free basis, said Viaplay in a statement. The move comes ahead of the launch of Viaplay’s streaming ...
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News briefs
Assosport launches its Sport Market Observatory
Assosport, the Italian sporting goods industry association, has launched the Sport Market Observatory, a project to collect data, by product category and geographical area, on the sell-in Italian market. The project is a collaboration with the owners and managers of companies in the winter sports sector, including Atomic-Salomon, Head, Rossignol-Lange, ...
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News briefsAnta Sports receives corporate and product awards
Anta Sports is celebrating multiple honors for corporate and product achievements. In the 2022 All-Asia executive team rankings conducted by Institutional Investor the Chinese company won first place in the “Most Honorable Company” and the overall first place for “Best CFO” in the consumer discretionary category. In addition, Anta ranked ...
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News briefs
Northwave's sales up 34% for 2021
Northwave, the Italian specialist in cycling and snowboarding footwear and accessories, exceeded its expectations for 2021, posting a 34 percent rise in revenues to €35.6 million. Export sales topped 85 percent, the main foreign markets being Germany, Italy, Spain and France. Management is looking to countries outside Europe for future ...
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News briefsDeporvillage’s 11-year growth streak ends
In January, when we last checked in with the Spanish multichannel sports e-tailer, Deporvillage had wrapped up an 11th consecutive year of growth. Annual revenues for 2021 were up year-on-year by 40 percent. Things have now changed. Sales for the first and now the second quarter have been flat with ...
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News briefs
LA Dodgers ownership and PGA create investment fund
The PGA of America and Elysian Park Ventures – private investment arm of the ownership group behind the Los Angeles Dodgers baseball team – have founded a new limited liability company operating out of Los Angeles, New York and London. Called EP Golf Ventures, the company “provides entrepreneurs with strategic, ...
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News briefsZalando promotes Christoph Lütke Schelhowe to GM DACH
After last week’s resignation of Florian Jodl, Zalando has revealed his successor. Christoph Lütke Schelhowe, a former McKinsey associate principal, will be Zalando’s new general manager for the German-speaking markets. Schelhowe has been with the company for almost ten years in different positions, most recently VP, demand – customer acquisition ...
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News briefs
Tennis is becoming increasingly popular in South Korea
Tennis is apparently becoming increasingly popular in South Korea. This is reported by Korea Jong daily. The market in Korea reached approximately 250 billion won (€190 million) last year, with around 500,000 people playing. According to research by Korea Jong daily, online stores, tennis apparel brands, brick-and-mortar retailers and tennis ...
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News briefsJD Sports reportedly bows to CMA, talking to potential Footasylum buyer
U.K.-based JD Sports Fashion was in exclusive talks to sell Footasylum to German private equity investor Aurelius Group, a Sky News reporter said Wednesday in a tweet followed by an article on the Sky website. The negotiations are the result of a months-long dispute with the U.K.’s Competition and Markets ...
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News briefsNike invests $3 million in HBCU college
Source: Pensole Academy D’Wayne Edwards Pensole Lewis College of Business & Design, an HBCU (historically black colleges and universities) in the U.S. state of Michigan owned by former Jordan Brand designer D’Wayne Edwards, announced that Nike is investing $3 million in the college over three years. According ...
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News briefsEuropean ski industry slowly bouncing back after Covid-19
The European ski industry is slowly recovering after “a disastrous season hit by Covid-19,” the Federation of the European Sporting Goods Industry (FESI) has said. According to results in the trade organization’s recent annual ski market report, skis and ski-equipment sales for the 2021/22 season increased slightly from those of ...
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News briefs
Accell Group delisting shares on Aug. 22, going private
Accell Group, with more than 95 percent of shares tendered for a proposed buyout by U.S. financial investor KKR (Kohlberg Kravis Roberts) and Teslin, intends to delist its shares on the Euronext Amsterdam on Aug. 22 and simultaneously convert into a private company with limited liability. KKR/Teslin first revealed its ...
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News briefsSmith Optics hires new global VP of product
U.S. goggles and helmets specialist Smith has named Scott Randall as global vice president of product. Randall started his career in retail with Nike Australia before being hired at Oakley. Scott Randall Staying at Oakley for 18 years, he had been working at the brand’s headquarters in ...
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News briefs
Sidi Sport to be sold to Italmobiliare
Italmobiliare has invested in Sidi Sport, the iconic Italian brand specializing in cycling and motorcycling footwear. As per the terms of the agreement, 100 percent of the capital of Sidi Sport S.r.l. will be taken over by Italmobiliare for €66 million, in addition to the net cash held by the ...
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News briefs
UEFA announces Oppo as a new global sponsor of the Champions League
UEFA has announced Chinese smartphone manufacturer Oppo as an official partner of the UEFA Champions League for the 2022/23 and 2023/24 seasons. The deal also includes the UEFA Super Cup, UEFA Futsal Champions League finals and UEFA Youth League finals. Oppo will work closely with UEFA to highlight the best ...
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News briefs
Global sports glove market to grow at 3.5% CAGR to 2026
The global market for sports gloves, worth an estimated $1.4 billion in 2022, is projected to reach $1.6 billion by 2026, for a compound annual growth rate (CAGR) of 3.5 percent over 2020/27, according to a new report by Research and Markets. Boxing gloves, one of the segments in the ...
