News Briefs – Page 170
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News briefsGoldwin’s annual operating profit up 11 percent
Goldwin’s revenues rose by 8.6 percent to 98,235 million yen (€756.4m) in the financial year ended March 31, while operating profit climbed by 11.2 percent to ¥16,501 million (€127.1m), better than a Feb. 10 operating earnings forecast calling for a 5.7 percent decline to ¥14 billion. But the reported annual ...
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News briefsBemis acquires French company Protechnic
Bemis Associates, a U.S. manufacturer of thermoplastic films, tapes and adhesives for bonding catering to various industries, including sportswear, outerwear and intimates, has acquired France-based manufacturing company, Protechnic. The two companies have complementary products and technologies and a strong alignment in their corporate values and culture. Protechnic’s focus on global ...
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News briefsTechnogym revenues up double-digits in all but one region
Technogym posted 17.8 percent growth in consolidated first-quarter revenues to €151.6 million, with all geographic regions reporting double-digit sales growth in the period ended March 31. Business-to-business sales, bolstered by double-digit improvement in all sub-segments, rose by 38.8 percent to €104.7 million; business-to-consumer sales, impacted international lockdowns but above the ...
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News briefs
Endur Apparel rebrands to Outway
Performance sock brand Endur Apparel has announced that it will now be operating under its new brand name Outway. This new brand positioning will be fueled by a $3.2 million investment led by Andrew Wilkinson of Tiny. Other investors include Shane Parrish, Jason Warner, Jonathan Becker, Rasool Rayani, Ben Moore, ...
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News briefsSkechers donates over $8 million to shelter animals
Skechers has donated over $8 million to date from sales of its Bobs collection to save and help over 1.5 million animals in need across the U.S. and Canada. In addition, the brand plans for a registration drive at Skechers stores in North America in June and adoption campaigns. Skechers’ ...
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News briefs
Technogym partners with artist Elena Salmistraro
Technogym has partnered with Elena Salmistraro, a Milan-based product designer and artist, on a unique version of the Technogym Bench. The creative interpretation of the brand’s product for home workouts was unveiled as part of the Technogym Design Conversation event on April 27. The Italian artist designed the special bench ...
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News briefsDescente sees 12.4% sales gain as profitability improves
Descente, the Japanese sportswear company, saw sales in its financial year ended March 31 increase by 12.4 percent to 108,892 million yen (€815.1m), despite the fourth quarter being marked by new Covid-19 lockdowns in China and sluggish apparel sales due to the warm winter in South Korea. Sales of athletic ...
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News briefsStockX appoints chief impact officer
Source: StockX Damien Hooper-Campbell, CIO at StockX Vintage sneaker and other collectibles auction platform StockX has expanded its leadership team with the appointment of its first-ever chief impact officer, Damien Hooper-Campbell. He will report directly to CEO Scott Cutler and oversee key functional areas, including Diversity, Equity ...
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News briefs
Recommerce specialist Trove has a new CEO
Trove, the California-based branded e-commerce specialist that counts Allbirds, Lululemon, Patagonia, Arc’teryx and REI among its clients, announced that its president, Gayle Tait, who has also been a company board member since January 2021, was promoted to CEO. Andy Ruben, who has served as CEO since the company’s launch in ...
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News briefs
Sports Marketing Survey acquires Culture of Insight
Survey specialists Sports Marketing Survey have acquired data preparation and visualization experts Culture of Insight. The two companies had previously formed a close partnership. The employees of Culture of Insight will be employed by Sports Marketing Survey from now on. Culture of Insight brings clients such as Eurosport, Formula1 and ...
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News briefsHéloïse Temple-Boyer is new chairwoman of Puma’s supervisory board
Source: Puma Héloïse Temple-Boyer Puma has elected Héloïse Temple-Boyer as the new chairwoman of its supervisory board. The financial expert succeeds Jean-François Palus, who will remain on the board for an orderly handover. Palus had held the position since 2007. Temple-Boyer has been on the board since ...
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News briefsNew WFSGI webinar on regulatory trends in the sport and fashion industry
WFSGI and Compliance & Risks offer a webinar on regulatory trends. Stacey Bowers, manager global market access at Compliance & Risks and Charlotte Giudicelli, head of legal at WFSGI, will present the latest regulations and mandatory standards establishing labeling requirements for the sport and fashion industry. The webinar is scheduled ...
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News briefsCraft management team goes on 450km charity bike ride from German HQ
Three German top managers of the Swedish brand Craft – André Bachmann (CEO), Wolfgang Lagler (sales manager) and Markus Müller (marketing manager) – are embarking on a three-day charity bike ride from their Bavarian headquarters. They want to cover a distance of 450 km to hand over the new club ...
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News briefsPou Sheng International reports April, four-month sales
Pou Sheng International, the distribution and retail subsidiary of Yue Yuen that issued a first-quarter profit warning ten days ago, yesterday reported a constant currency sales decline in April of 38.2 percent to RMB 1,205,473,000 (€170.3m) from RMB 1,949,603,000. For the four months ended April 30, Pou Sheng’s consolidated operating ...
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News briefs
Real Madrid builds metaverse stadium
In partnership with Astosch Technology and a Korean firm, Real Madrid has set up a virtual version of its home stadium – Santiago Bernabéu, complete with trophy case – and its environs. The walkable simulation includes a text and voice chat with real-time translation. The system enables fans anywhere in ...
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News briefs
British Advertising Standards Authority bans Adidas advertising for nudity
After 24 complaints have reached the Advertising Standards Authority (ASA), the institution has banned an Adidas advertising for the company’s sports bras range from showing in the U.K. The ad that showed uncensored images of women’s bare breasts – to underline the variety in shapes and sizes of breasts and ...
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News briefsArklyz acquires sneaker retailer Asphaltgold
Arklyz, the owner since 2021 of The Athlete’s Foot, the sports lifestyle footwear banner previously owned by Intersport International (IIC), has added Asphaltgold, a European omnichannel provider of high-end sneakers and streetwear based in Darmstadt, Germany, to its portfolio. “The acquisition of Asphaltgold was a very strategic decision for us,“ ...
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News briefs
Euratex establishes new EUTI initiative to support connections to and from the Ukrainian textile sector
The European apparel and textile confederation Euratex has launched an initiative to support the Ukrainian textile and apparel sector by mentoring and supporting economic, industrial and trade relations between EU and Ukrainian companies: the EU-Ukraine Textile Initiative (EUTI). The project seeks to facilitate cooperation between the market players by offering ...
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News briefsSnipes acquires Croatian retailer Shooster
Following its successful expansion into Poland (acquisition of the Distance fashion chain in June 2021) and the takeover of the American retail chains Jimmy Jazz and Expressions in the same year, Cologne-based sneaker and streetwear retailer Snipes is continuing its expansion course with the acquisition of Croatian retailer Shooster. Alongside ...
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News briefsSanuk releases gender-neutral footwear collection in partnership with Pacific Pride Foundation
U.S. footwear company Sanuk, a division of Deckers Brands, announced the next version of its partnership with the Pacific Pride Foundation, the largest LGBTQ+ center between Los Angeles and San Francisco that works to create a thriving and visible LGBTQ+ community. Created in collaboration with artist and designer Maggie Johnson, ...
