News Briefs – Page 160
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News briefsLotto to expand retail footprint in Southeast Asia
WHP Global has announced a partnership with MAP Active (MAPA) for the Lotto brand. Under the terms of the agreement, MAP Active will serve as Lotto’s regional partner across Southeast Asia to further expand the retail footprint of Lotto’s apparel, footwear and accessories business. The partnership involves an omnichannel approach ...
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News briefsBosideng makes strong gain in down apparel sales
Bosideng reported a 21 percent increase in annual profit to 2.06 yuan renminbi (€294.7m) for the 12 months ended March 31 as total revenues grew by 20 percent to 16.2 billion RMB (€2.32b). Annual operating profit inched 1.5 percent higher to 2.57 billion RMB as gross margin came in at ...
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News briefsRottefella wins patent lawsuit
According to a LinkedIn post by Rottefella, the company, together with Madhus, won a patent lawsuit against Amer Sports and its Salomon and Atomic brands at the Oslo District Court. The lawsuit involved patent rights for detachable bindings for cross-country skis and a solution for easy adjustment and installation of ...
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News briefsFree WFSGI and McKinsey webinar on July 7: Industry challenges and potential solutions
On Thursday, July 7, 2022, McKinsey & Company and WFSGI will co-present a webinar that will explore the challenges that the sporting goods industry is currently facing. The free webinar follows McKinsey’s second annual sporting goods industry report, “Sporting Goods 2022 – The New Normal is here.” Inflation and the ...
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News briefsWorld’s first community-owned e-com platform launches, plans IPO
U.K. tech company WeShop is launching the world’s first community-owned social e-commerce platform, offering consumers shares in the group with every purchase. The company plans to give up to 90 percent of its business to shoppers and aims to be listed on New York’s Nasdaq within 12 months to compete ...
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News briefs
Superdry designer receives compensation after age discrimination claims
Designer and knitwear expert Rachel Sunderland has received £96,208 (€112,207) in compensation from her former employer in the U.K., Superdry, after winning a claim for unfair dismissal and age discrimination. The company had refused to promote her because it thought she was “too old to quit.” She was reportedly considered ...
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News briefs
Adidas U.K.’s finance director leaves after more than 25 years
Business Live reports that Andrew Hackett, finance director at Adidas U.K. since April 2006, has left his position at the company. Hackett joined the Stockport-based division company in 1997 from KPMG in Manchester and has since served in various finance roles. The announcement about his departure comes after the company ...
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News briefsDouble-digit sales growth for sporting goods in Spain
Sales of sporting goods in Spain (sell-out) grew by 11 percent in 2021 compared to 2020 and reached €8.58 million, according to a report elaborated by Sportpanel for the Spanish trade association Afydad. The increase was primarily driven by the bicycle sector, which registered a 10.8 percent increase versus 2020 ...
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News briefsVeja opens first Berlin store
Source: Veja Veja Store Berlin The French sneaker brand Veja has opened its first store in the German capital. Located in the central and historic district of Berlin Mitte, the footwear brand offers its line in a 100 sqm shop. Veja’s minimalist corporate design is already found ...
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News briefs
NielsenIQ and GfK announce planned company merger
The two global data and analytics service providers NielsenIQ and GfK SE announced their planned merger. The step will create new opportunities for both companies in the area of retail and consumer analytics. Using advanced cloud technologies, NielsenIQ and GfK will be able to combine their complementary data and analytics ...
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News briefsEU and New Zealand agree on free trade agreement
The European Union and New Zealand have agreed on a joint Free Trade Agreement (FTA). According to estimates, trade could increase by around 30 percent. The EU is currently already New Zealand’s third-largest trading partner. In addition to consumers and trading companies, agriculture is also expected to benefit. “Our EU-NZ ...
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News briefsFrasers Group buys stake in fashion marketplace MySale
Frasers Group, the owner of Sports Direct, has acquired a 28.7 percent stake in MySale, an off-price fashion marketplace headquartered in Sydney and listed on the London Stock Exchange (LSE). The financial terms of the deal have not been disclosed. In a filing with the LSE, Frasers explained that the ...
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News briefs
Qatar will host World Padel Championship for second year in a row
The World Padel Championship this year for both men and women will once again be held in Qatar. In 2021, the country hosted the Middle East and Asia’s first padel world championship after it was held in Europe and Latin America. The venue for the 2022 event will once again ...
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News briefsAfydad enlists new directors
On June 21, in presenting its report on the Spanish sporting goods market for 2021 at Barcelona’s Museu Olímpic i de l’Esport, the Spanish Sport Association (Afydad) announced its new slate of directors. Andrés de la Dehesa, founder and CEO of Sportmas, was elected president for the second time three ...
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News briefsRossignol wins award for highly recyclable ski
Rossignol has won Union Sport & Cycle’s Ecosport Award in the circular-economy category for its Essentiel ski. A limited edition due out this autumn, the Essentiel is designed with “recyclable, natural, labeled and biosourced” materials, and few of them at that. The result, says the French brand, is more than ...
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News briefsWolverine sells Champion footwear license to HanesBrands
Wolverine Worldwide has announced that its wholly-owned subsidiary Keds, LLC has sold the Champion trademarks for footwear in the U.S. and Canada to HanesBrands Inc (its licensee for over 35 years) for $90 million in cash. As part of the agreement, Wolverine retains a perpetual license to continue using the ...
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News briefsClif Bar launches incubator, introduces dog snacks
Clif Bar & Company announced the formation of the Trailblazers Incubator, an internal new venture group designed to create breakthrough innovations and sustainable business opportunities. Based at Clif Bar’s headquarters in Emeryville, California, the Trailblazers team will primarily develop new growth strategies for Clif Bar. This includes expanding into new ...
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News briefsAdidas’ official World Cup match ball features connected ball technology
Adidas’ Official Match Ball of the FIFA World Cup™ 2022 (“Al Rihla“) will feature new technology that provides match officials with unprecedented data and information to make faster and more accurate decisions. As a result, Al Rihla will provide video match officials with accurate data in real-time. Combined with player ...
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News briefsPorsche Design partners with Head for new skis, safety gear and apparel collection
Porsche x Head The Stuttgart-based sports car manufacturer Porsche and Austrian sporting goods manufacturer Head are launching their first joint winter sports products with the start of the 2022 ski season. At the heart of the cooperation are two ski models with race ski-inspired constructions, featuring solid ...
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News briefsDecathlon France has selected a new CEO
Source: Decathlon Bastien Grandgeorge is to become CEO of Decathlon France. The change will occur on Oct. 1, at the end of the term of co-CEOs Arnaud Gauquelin and Fabrice Lisardi, who will be taking up other posts in the company. Grandgeorge has been working his ...
