News Briefs – Page 171
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News briefsRun for the Oceans challenge registration starts with broader range of activities
In the sixth year of their partnership, Adidas and Parley for the Oceans are once again hosting the “Run for the Oceans” challenge. Registration is now open for the event that takes place from May 23 to June 8, 2022. For the first time, the Run for the Oceans includes ...
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News briefsBoa launches new marketing campaign aimed directly at end consumers
Boa Technology, the maker of the Boa Fit System, is launching a new global brand campaign that targets consumers more directly than before. The campaign uses professional athletes in the brand’s key segments – snowboarders, road cyclists, trail runners, downhill mountain bikers, climbers and backcountry skiers – to ask consumers ...
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News briefsLotto partners with Coupang to debut in South Korea
Coupang and WHP Global have announced a partnership to bring Lotto to South Korea. Under the terms of the agreement, Coupang will serve as the exclusive distributor for the brand in South Korea, bringing a collection of men’s and women’s lifestyle footwear, apparel and accessories to consumers. With nearly 18 ...
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News briefsUnited Sports Brands acquires Pearl Izumi from Shimano
California-based United Sports Brands (USB), owner of Spalding, Nathan, Shock Doctor and KT Tape, among others, has acquired the bike apparel brand Pearl Izumi from Shimano. USB is a portfolio company of Bregal Partners, a private equity firm. Pearl Izumi has been part of the Japanese Shimano company since 2008. ...
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News briefsAmer completes sale of Suunto
Amer Sports and Liesheng have completed the transaction in which Amer sold Suunto to the Chinese technology company, first announced in January. Suunto will continue to focus on high-end outdoor wearables under its new ownership, the participating parties said. Rothschild & Co acted as financial advisor and Avance as legal ...
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News briefsLeFebvre takes over as HanesBrands’ president of global activewear
HanesBrands, the owner of the Champion brand, has appointed Vanessa LeFebvre as president of global activewear. In this role, LeFebvre will be responsible for the planned growth of Champion, focusing on product innovation, key markets and new distribution channels. She joins the group from Adidas, where she has been senior ...
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News briefsCasall hires new CMO
According to Sportfack, Casall, the Swedish fitness and yoga apparel brand, has seen a 21 percent increase in sales in 2020/2021. Now the company is continuing its growth and announced that it is heading for another record year, with key growth markets said to be Norway, Spain and the DACH ...
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News briefsWSJ Report: Peloton pursuing minority investor
Some two months after announcing massive business changes and days before reporting its first-quarter results on May 10, Peloton Interactive is reportedly looking for a suitor to a minority stake of 15 percent in the fitness company that is now headed by former Netflix and Spotify executive Barry McCarthy. The ...
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News briefsNike names new accounting officer
Nike appointed Johanna Nielsen to replace Chis Abston as the company’s principal accounting officer, effective Oct. 7. Abston is set to retire a day earlier. Nielsen joined Nike as senior director of finance, strategy, and operations in 2017. She is set to become the company’s VP of controlling on May ...
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News briefsCompass Diversified consumer business paced by Boa
Compass Diversified’s (CoDi) branded consumer business was led by Boa in the first quarter ended March 31 as the closure system brand generated a 75 percent increase in adjusted Ebitda to $24.9 million from revenue growth of nearly 56 percent to $56.8 million as compared to $36.5 million. Elsewhere in ...
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News briefsSports Direct opens new 5.500-sqm store in Birmingham
Covering four floors on one of Birmingham’s main shopping streets, the new Sports Direct flagship store uses roughly 5.500 square meters of retail space. The chain, part of the Frasers Group, has closed its older two-floor store in Birmingham on April 10, while a second Birmingham store is said to ...
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News briefsChampion brand sales hampered by supply challenges
Champion constant currency global revenues increased 6 percent in the first quarter (3 percent on a reported basis) due to strong growth in the collegiate channel but would have risen 14 percent without product supply challenges that impacted parent HanesBrands, Inc. Brand sales outside the U.S. were 10 percent higher ...
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News briefsSpinnova appoints Allan Andersen as chief sales officer
The Finnish company Spinnova is underlining its growth ambitions with the onboarding of Allan Andersen as chief sales officer and a member of the management team. According to a company release, the position is newly created and will play an essential role in supporting Spinnova’s growth and scaling. Andersen started ...
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News briefs
Gordini expands sales and marketing team
Gordini has appointed Hanna Reichel, formerly in charge of its product strategy, as its new social and environmental impact director. Additionally, the Essex Junction, Vermont, company that specializes in cold-weather gear, has expanded its sales and marketing teams. Brett Wagenheim is Gordini’s marketing communications director, and Denver-based Adventure Labworks is ...
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News briefsCoca-Cola opens first flagship in Europe, including sportswear
Coca-Cola Great Britain runs the just opened first flagship store of the brand in Europe, located on Long Acre, Covent Garden. The new retail store is offering a range of limited-edition apparel collections and designer collaborations as well as gifts, merchandise and drinks. The Coca‑Cola clothing collections ...
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News briefsDiesel launches new athleisure and activewear collection
Source: Diesel Italian denim and fashion brand Diesel has launched its first Diesel Sport collection, already available in its stores and website. The apparel collections for men and women are inspired by the aesthetics of the 1990s and early 2000s, featuring color-blocking designs, primary colors and classic ...
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News briefsDecathlon increases investment in Quadient parcel lockers
Decathlon France began equipping 62 of its stores with Quadient parcel lockers in 2015. The lockers, where merchandise ordered online is deposited for pickup, are additional customer service. The success of the lockers, tested and certified by the retailer’s teams, has led the sports retailer to expand the partnership, resulting ...
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News briefsEU continues to criticize Apple over use of Apple Pay
The European Commission has informed Apple of its preliminary view that the U.S. technology company has abused its dominant position in the markets for mobile wallets on iOS devices. By restricting access to a standard technology used for contactless payments with mobile devices in stores, Apple has restricted competition in ...
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News briefsInternational Padel Federation accepts 14 new members in landmark meeting
The General Assembly of the International Padel Federation (FIP), the world’s governing body of padel, which met in Rome on April 28, voted 14 new national federations into FIP’s membership. The new members represent and are responsible for padel in the following countries: Albania, Bahrain, Croatia, El Salvador, Israel, Kuwait, ...
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News briefs
UEFA announces exclusion of Russian national teams and clubs from upcoming competitions
Portugal will replace Russia at the Women’s EURO 2022 final tournament, scheduled to take place in England on July 6-31. Portugal is the opponent that Russia defeated in the play-offs. In addition, Russia will have no affiliated clubs participating in UEFA club competitions in the 2022/23 season. UEFA has also ...
