News Briefs – Page 166
-
News briefs
S&P revises outlook for Wolverine Worldwide
S&P Global has revised its outlook on Wolverine Worldwide to negative but maintains its BB rating on the issuer credit rating. Wolverine ended the first quarter with a debt-to-equity ratio of 5.2x due to last year’s acquisition of Sweaty Betty, a $30 million settlement related to PFAS contamination at a ...
-
News briefsNew CFO for Pou Sheng
The board of directors of Pou Sheng International (Holdings) Limited announced that Liao Yuang-Whang has resigned as the company’s chief financial officer, effective June 1, as he has relocated to the headquarters of Pou Chen Corporation, a majority shareholder of Yue Yuen Industrial (Holdings) Limited. Liao will continue to serve ...
-
News briefsFusalp gets new funding to support international development
High-end skiwear brand Fusalp has announced a new capital increase from the Mirabaud Patrimoine Vivant and Mirabaud Lifestyle Impact & Innovation private equity funds, thereby acquiring a minority stake in the company. The financial terms of the deal were not unveiled. The new funding is meant to help Fusalp develop ...
-
News briefsNew Neinver outlet village in France in construction
Neinver, a company specializing in the investment, development and management of real estate and the leading operator of outlet centers in Spain and Poland, announced the resumption of construction of its outlet village “Alpes The Style Outlets” near Geneva. When completed, this will be the 17th outlet center of the ...
-
News briefs
Asics partners with delivery specialist Freshly for home delivery of athlete’s meals
Premiering just in time for the running event calendar, Asics is starting a new initiative in the U.S. with the home delivery company Freshly. For a limited time, consumers with a Freshly subscription can order three custom menus designed to support training and performance: a special pre-race, high carb meal; ...
-
News briefsHanesbrands reports software attack, consequences yet unknown
Champion’s parent Hanesbrands Inc. has released an SEC filing informing the public of a ransomware attack on the company. The U.S. company has activated its response, and business continuity plans to contain the incident. According to the statement, the company has notified the appropriate law enforcement agencies and cooperates with ...
-
News briefsS&P affirms Foot Locker’s BB+ issuer credit rating
Although the rating agency acknowledged that lower Nike sales would impact the retailer’s revenue and margins, S&P Global affirmed Foot Locker’s BB+ issuer credit rating with a stable outlook. S&P also sees volatile fashion cycles combined with long sourcing lead times due to ongoing supply chain challenges as a risk ...
-
News briefsPolygiene hires Frank Stevens as its first COO
Source: Polygiene Frank Stevens The Swedish Polygiene Group has hired Frank Stevens in the newly created role of chief operating officer, aiming to facilitate scalability and support processes within the company. Stevens is a textile chemicals specialist with more than 30 years of experience in the industry. ...
-
News briefsVarlion presents official racquet of the Human Pádel Open
Varlion is now producing the official racquet of the Human Pádel Open, scheduled for June 13-19 in Toulouse, France, and organized by the World Pádel Tour. Called the (R)evolución, the racquet will be a limited edition of 750 units and sold through Varlion’s website, the website of retailer Padel Nuestro ...
-
News briefsLondon Ski & Snowboard Festival 2022 is canceled
The London Ski & Snowboard Festival planned for Oct. 27 to 30, 2022, at Battersea Park is canceled. The new organizer of the event, the Smart Group, has published a statement on Facebook, declaring the cancellation of this year’s festival and the introduction of another new organization: “We have been ...
-
News briefsSport 2000 Austria retailers voted ski rental partner of the year
For the third year in a row, the Austrian Sport 2000 retailers were honored as the best ski rental points in Austria, according to a study by the Austrian society for consumer studies (ÖGVS). The survey assessed, amongst other things, the courtesy of the staff, the consultation, the quality of ...
-
News briefsRecord loss for Footway in Q1
After the company’s profit warning in March due to supply chain problems and decreased demand, the Swedish Footway Group has now published its Q1 financial report. The Ebit result landed at -71.2 million Swedish kronor (€-6.8m), compared to a loss of SEK -12.8 million in the first quarter of the ...
-
News briefsMedvedev to have his own brand logo on Lacoste and Tecnifibre products
Daniil Medvedev will soon have his own brand logo on Lacoste and Tecnifibre products, his two equipment suppliers, Sportbuzzbusiness.fr has reported. The athlete’s visual identity is expected to be unveiled within a few months. The Russian tennis player is the current world No. 2 in the ATP rankings and has ...
-
News briefs
Under Armour denies collaboration with Aldi in Spain
Under Armour has denied any collaboration with the Spanish stores of the discount supermarket chain Aldi on the distribution of a capsule collection, Modaes.es has reported. The information about the eight-piece collection, also mentioned last week in SGI Europe, had been supported by multiple sources. The sportswear company told Modaes.es ...
-
News briefs
WPT sues Premier Pádel in Madrid
The World Padel Tour (WPT) – through its parent company, Setpoints Events SL – has filed suit in the 15th Commercial Court of Madrid against the International Pádel Federation (FIP), Qatar Sports Investments (QSI) and the Professional Pádel Association. The WPT alleges anti-competitive practices: namely, the setting up of a ...
-
News briefsAlibaba cracks mark of 1 billion Chinese consumers
For the last fiscal year, Alibaba reported a record 8,317 billion yuan renminbi (€1,160 billion) in global gross merchandise value. However, revenue in the quarter ended March 31, 2022, climbed only 9 percent year-on-year to RMB 204.1 billion (€28.5 billion). This is the slowest growth ever, which the company attributes ...
-
News briefsNew HR and sustainability director at Stadium
Source: Stadium Ida Törneke, new HR and sustainability director at Stadium Ida Törneke will join Stadium, Sweden’s largest sports and sports fashion retail chain, as the new HR and sustainability director on Aug. 15, 2022. She has more than 15 years of experience in HR, the last ...
-
![Ali[1]](https://d1f00kj7ad54bu.cloudfront.net/Pictures/100x67/2/8/2/16282_ali1_698869_crop.png)
News briefsAltered State Machine announces first metaverse AI boxing game
Altered State Machine (ASM), the specialist in artificial intelligence on the web3, in collaboration with Muhammad Ali Enterprises and Authentic Brands Group (ABG), has announced details of “Muhammad Ali - The Next Legends.” In the world’s first metaverse boxing game, thousands of unique boxers will train and compete in NFT ...
-
News briefsSNS works with Bleckmann
The Swedish company SNS (Sneakersnstuff) has entered into a partnership with Dutch logistics company Bleckmann for all logistics handling in Europe. SNS was founded in 1999 and has worked on more than 200 cooperation projects with major footwear brands since 2003. The company started as a local store in the ...
-
News briefsSchanner to distribute Bauer’s Prosharp in four European markets
After the Canadian hockey specialist Bauer Hockey acquired the Swedish company Prosharp AB, specializing in fully automatic grinding machines for skate blades, in August 2021, the company now announced that Schanner Eishockeyartikel GmbH + Co. KG will take over the distribution of Prosharp in Germany, Austria, Italy and Slovenia on ...
