News Briefs – Page 173
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News briefsWahoo acquires RGT Cycling and launches Wahoo X subscription service
U.S. company Wahoo Fitness has added the virtual cycling platform RGT Cycling (now Wahoo RGT) to its ecosystem of training and community connection solutions. Wahoo RGT is a virtual cycling simulator platform using detailed virtual roads, to be cycled alone or with others. Routes can be picked either from a ...
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News briefsJP Modatex premiers stretch linen with DuPont Sonora fibers
JP Modatex, an Indian manufacturer of premium and specialty ring spun yarns for apparel and home textiles, has managed to blend linen fibers with DuPont’s Sonora stable fibers, a partially plant-based polymer material, to create ring-spun linen-based yarns and fabrics that offer comfort stretch. As linen is so far impossible ...
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News briefs
Footway receives new capital
The Swedish Footway Group has received new equity capital, according to ehandel.se. The company secured about SEK 127 million (€12.2m) gross, about 85 percent of the SEK 150 million the company had initially hoped to raise. Just over SEK 100 million (€9.6m) came from real estate investor Rutger Arnhhult, who ...
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News briefs
China Dongxiang sees sales slide in Q4, 2021
China Dongxiang reported a mid-single decline in retail sales at its Kappa and Kappa Kids’ stores in its fourth quarter ended March 31 with same-store sales down similarly. Full-year results were described as negative, with revenues down mid to high-single digits, as same-store sales declined 10 to 20 percent. The ...
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News briefsTimberland expands Timberloop recycling program to Europe
Around this year’s Earth Day, Timberland announced several initiatives within its CSR program, the most interesting being the expansion of the Timberloop take-back program into the U.K., Germany, France and Italy, with more European markets to follow. The recycling program allows consumers to return their worn Timberland footwear, apparel or ...
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News briefsKeynote speakers for Better Cotton Conference announced
The Better Cotton Conference in Malmö, Sweden, on June 22 and 23, has announced two of its keynote speakers: Balubhai Parmar and Lacy Vardeman. Parmar is a cotton grower from Gujarat, India, who leads an enterprising group of Better Cotton farmers that are all small enterprises. At the conference, he ...
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News briefs
Stravito hires key executives, accelerates expansion
Stravito, an AI-powered platform for businesses that democratizes access to market research, continues to expand its global leadership team following its $14.6 million Series A financing last fall. Stravito has appointed Laura Lockley as VP of customer success and Will Gardiner as VP of marketing. These appointments will help Stravito ...
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News briefs
Italy secures pádel tournament
The International Padel Federation (FIP), the Italian Tennis Federation (FIT) and Italy’s government sports agency (Sport e Salute) have signed a multi-year deal to establish Italy’s first majors tournament for pádel. The event is part of the world’s new official circuit, Premier Padel, under the management of FIP, the Professional ...
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News briefsDecathlon has donated 36K items of unsold merchandise
Decathlon says that the deal it struck in April of last year with Comerso, a digital and logistical anti-waste platform for companies, has resulted in the donation of some 36,000 items of unsold merchandise to various associations. Among these are the French Red Cross and the Recyclerie Sportive, a network ...
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News briefsCanada wins bid to host Invictus Games 2025
The Invictus Games 2025 bid has been awarded to Vancouver and Whistler in British Columbia, Canada, in partnership with the True Patriot Love Foundation. True Patriot Love is working with the Government of Canada, the Government of British Columbia and First Nations in Vancouver and Whistler to ensure that the ...
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News briefsScuba diving equipment market to post CAGR of 3% by 2024
The scuba diving equipment market is expected to post a compound annual growth rate (CAGR) of 3 percent in the 2019-2024 period, according to a new report by global technology research and advisory firm Technavio. Growth is being driven by the rising popularity of water sports in general and the ...
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News briefsSave the Duck has new majority stakeholders
Milan-based private equity firm Progressio SGR has sold its majority stake in Save the Duck to Reinold Geiger and André Hoffmann, respectively chairman and CEO of L’Occitane International. Both Geiger and Hoffmann, who already held a minority stake in the down-free outerwear specialist, are investing in their personal capacity through ...
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News briefs
AGB potential bidder for Ted Baker
According to SkyNews, the New York-based Authentic Brands Group (AGB), which owns brands like Reebok, David Beckham and Juicy Couture, is exploring a bid for the London-listed fashion brand Ted Baker, owner of hundreds of standalone stores and concessions globally, that is just restructuring its business after financial torrents in ...
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News briefsNew Swedish women’s padel apparel brand launched
Source: Peachy The motto of the new padel apparel brand Peachy is “from court to cocktail, smashing both in style and in serve” and is designed to encourage women to find a good balance between performance and play. The founders of the new Swedish brand include artist ...
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News briefsAquafil releases online Sustainability Report
Aquafil, the creator of the branded Econyl regenerated nylon, has released online its Sustainability Report 2021. The report revolves around the company’s flagship product Econyl, which is described as putting Aquafil “at the forefront of the circular economy revolution in textiles.” Econyl is made from regenerated waste materials like old ...
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News briefsAbsolute Teamsport continues to expand internationally
Sport 2000 has opened three new stores as part of its Absolute Teamsport concept - two in the Netherlands and one in Austria. Source: Sport 2000 Absolute Teamsport Kuster, Austria The opening of the tenth Absolute Teamsport store took place in Rotterdam on April 12, 2022. ...
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News briefsRossignol launches first recyclable ski
Rossignol has unveiled its new Essential ski, which will be available in limited quantities in FW22-23 and has been designed using the most simplistic and least amount of raw materials, making more than 75 percent of the ski 100 percent recyclable. Following the announcement of its Respect program in 2020, ...
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News briefs
FIFA appoints new director of member associations for Europe
FIFA has announced the appointment of Elkhan Mammadov as director member associations Europe, effective May 1. Mammadov, who is currently the executive vice-president of the Association of Football Federations of Azerbaijan (AFFA), will assume the role vacated by Nodar Akhalkatsi, who has been named FIFA director of strategic projects and ...
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News briefsUnder Armour extends partnership with Jordan Spieth until 2029
Under Armour has extended its 10-year endorsement deal with Jordan Spieth through December 2029. The contract was set to run until 2025. The sports apparel maker announced the four-year extension on the heels of Spieth’s victory at the RBC Heritage in Hilton Head, South Carolina on April 17. It was ...
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News briefs
Intersport France expands logistics capacity to address cycling boom
After eight months of work, Intersport has opened a new warehouse at its facilities in Machecoul-Saint-Même, in France’s Loire Atlantique department. The new 18,000-square-meter building brings the total warehouse surface in Machecoul to 30,000 sqm. Intersport is the owner of Manufacture Française du Cycle, its own bike factory in Machecoul, ...
