News Briefs – Page 158
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News briefsHeydude unveils new logo and look
Source: www.facebook.com/HeyDudeShoesUSA Heydude new logo After being acquired by Crocs for $2.5 billion earlier this year, the casual footwear brand Heydude has on July 11 unveiled a new logo via its social media accounts that was co-determined by the brand’s fans through focus groups in the U.S., ...
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News briefsNew director of sales for Outlast USA and Canada
Source: Outlast Nick Lane Outlast Technologies GmbH, the German company specializing in thermal management technical materials, announced the addition of Nick Lane as its new director of sales for the U.S. and Canada, effective July 1. Lane has over 10 years of experience in technical textiles and ...
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News briefsFootway reports loss in Q2
According to an article in Swedish trade publication ehandel.se, e-commerce company Footway Group closed its second quarter with a loss of nearly SEK 27 million (€2.54m). The company’s sales also fell by SEK 100 million from SEK 387 million last year to SEK 282 million (€26.57m) in the second quarter ...
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News briefsJD Sports to build new headquarters with space for 2,000 employees
As reported by BusinessLive, JD Sports has drawn up plans to build a new corporate HQ in Greater Manchester. The proposed 2.3-hectare site is next to the current headquarters and expected to include 8,045 square meters of gross floor area and 172 parking spaces. According to documents filed with the ...
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News briefsCrocs obtains long-sought verdict against sale of counterfeit shoes
Crocs has announced a judgment against USA Dawgs and Double Diamond Distribution stemming from the sale of counterfeit Crocs shoes by the two companies. In the case, Crocs also obtained damages of $6 million and $55,000, respectively, against the companies. The case is the culmination of years of litigation between ...
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News briefsFanatics signs college licensing agreement with Nike
Sports retail platform Fanatics is entering into a long-term partnership with Nike to produce fan gear for college sports. The partnership includes a collaboration with Fanatics’ college division, which already works with most Nike-sponsored colleges and universities. Beginning by mid-2024, Fanatics will produce nearly all Nike fan apparel for many ...
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News briefsCoDi completes acquisition of PrimaLoft
Compass Diversified (CoDi) has completed the previously announced acquisition of PrimaLoft Technologies Holdings, Inc, the parent company of PrimaLoft, from Victor Capital Partners and minority owners according to an agreement signed on June 4 of this year. The acquisition was completed for a purchase price of $530 million (excluding working ...
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News briefsKMD Brands updates annual guidance
KMD Brands, formerly Kathmandu Holdings, is now forecasting total annual sales of NZ$955 to NZ$965 million (€580.7m to €586.8m) for the 12 months ending July 31 after a record performance during a winter promotional period for its Kathmandu retail operation. FY22 Ebitda, excluding one-off, non-cash items, including government subsidies, is ...
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News briefsFila makes its comeback in Italian football
Fila is the new technical sponsor of L.R. Vicenza, the Italian football club, based in Vicenza, beginning in 2022/23 and for three seasons. The deal marks Fila’s return to Italian football after a 20-year-long absence. The brand previously partnered with ACF Fiorentina, the professional club based in Florence, at the ...
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News briefsKlarna starts $800m fundraising round, but drops in valuation
The Swedish financial technologies company Klarna is raising $800 million in a funding round advised by Goldman Sachs. The sum is planned to flow primarily into the company’s expansion in the U.S., where Klarna has roughly 30 million users. However, Klarna’s current valuation of $6.7 billion is a significant drop ...
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News briefsNike to open new store at Liverpool Shopping Park
Nike has signed a ten-year lease at the Old Swan complex in Liverpool. Nike’s new 930-square-meter store at The Derwent Group’s Liverpool Shopping Park will take over a unit formerly occupied by fashion retailer Outfit. The store is expected to open in the second half of this year. The Liverpool ...
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News briefsActress Priyanka Chopra and husband invest in luxury sportswear brand Perfect Moment
Perfect Moment, a luxury fashion and sportswear brand founded in 1979 in Chamonix, France, by Thierry Donard, a French racer turned filmmaker, announced that Priyanka Chopra Jonas, an award-winning actress, producer, philanthropist, activist and entrepreneur, and her husband Nick Jonas, a Grammy-nominated artist, songwriter and actor, have partnered with the ...
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News briefsAdidas will give its name to the new Porte de la Chapelle Arena in Paris
The Paris City Council has decided that the new sports arena at Porte de la Chapelle, in the north of the city, will bear the name of the German sportswear giant. Following the signature of the naming contract between Société Anonyme d’Exploitation du Palais Omnisport de Paris-Bercy (SAE POBP) and ...
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News briefsPádel Nuestro to open world’s largest pádel store
Pádel Nuestro – now with a new logo – says that on July 15 it will be opening the world’s largest pádel store, a flagship of 500 square meters at 41 Calle María de Molina in Madrid. The customers will be permitted to test racquets before making a purchase. The ...
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News briefsStockX launches new global campaign
Sneaker marketplace StockX has launched a new global brand campaign based on the idea of ownership. Developed in collaboration with creative firm Mojo Supermarket, StockX’s new “Own it” campaign encourages people around the world to “own it” as “a celebration of self-expression and inner confidence.” As StockX continues to invest ...
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News briefsYue Yuen H1, June sales dragged down by retail subsidiary
Yue Yuen’s sales performance for June and the first half of 2022 was negatively impacted by results from its retail subsidiary in China, Pou Sheng International. Yue Yuen’s net consolidated first-half revenues are down 2.0 percent to $4,709,796,000 from $4,807,112,000 for the six months ended June 30. The results included ...
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News briefsDakine enters wind hardware segment
Source: https://wind.dakine.com Dakine’s new Chase Wing Board Dakine has expanded its line of wind products with its first hardgoods, including the new Cyclone Wing, the Chase Wind Board and the Charger Foil Kit. Dakine has been offering wind and wave sports accessories since the adjustable windsurfing foot ...
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News briefsPeloton exits own manufacturing, shifts to third-party provider
Peloton Interactive announced that it will discontinue all of its own manufacturing operations and expand its current relationship with leading Taiwanese manufacturer Rexon Industrial Corp, a Taiwanese manufacturer with over 50 years of experience. The move is the next step in Peloton’s strategy to cut costs, simplify its supply chain ...
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News briefsAnta Sports Products updates first half results
Anta Sports Products, impacted by lower foot traffic and weakened consumer sentiment due to the pandemic resurgence in Mainland China, reported “mid-single-digit” growth in Anta branded product sales for the six months ended June 30. Fila branded sales declined low single digits year-over-year, and first-half sales of all other branded ...
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News briefsVista’s Foresight Sports becomes Callaway Golf’s official partner for launch monitor technology
Callaway has launched a long-term plan to integrate the technology of Foresight Sports – a Vista Outdoor company – into its global brand network, including Topgolf and Toptracer. As a result, Foresight Sports, the leading developer of professional tee monitors, has become an official partner of Callaway Golf and the ...
