News Briefs – Page 187
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News briefsPiping Hot partners with University of Technology Sydney on textile made from seaweed
Australian surf brand Piping Hot and the University of Technology Sydney (UTS) have announced a research partnership to develop a sustainable textile made from seaweed. Starting in February 2022, scientists at the UTS Climate Change Cluster will be building a prototype fiber. Piping Hot commissioned this research to UTS as ...
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News briefsSlinger closes PlaySight Interactive acquisition
Shortly after completing its acquisition of Gameface.ai, connected sports technology company Slinger, formerly Slinger Bag, has added the final building block to its “Watch, Play, Learn” strategy with video capture and analytics company PlaySight Interactive. PlaySight was founded in 2014 and is now firmly established in the U.S. team sport ...
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News briefsJD raises its profit forecast
JD Sports Fashion indicated a few days ago that it expects to report pre-tax earnings of at least £900 million (€1,074m) for the financial year ended Jan. 29, up from previous guidance of £750 million given in September and £810 million on Jan. 12. On the other hand, the international ...
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News briefsDecathlon continues to expand its presence in professional sports
Decathlon is signing more athletes from a wide range of sports, further putting its own brands in the spotlight. Following the commitment of French tennis player Gaël Monfils and the expanded involvement in padel sports (we reported), the company has announced additional partnerships in cycling, volleyball, athletics and trail running, ...
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News briefsPuma signs Puerto Rican music artist for motorsport lifestyle marketing
After a chess grandmaster and a video game, Puma is now supporting another professional not known at first glance for sports: Puerto Rican music artist Myke Towers. Towers is Puma’s first official global motorsports lifestyle ambassador, tasked with connecting the worlds of music and automotive culture for the sports brand. ...
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News briefs
Panteres Grogues get support from Barça, and Puma
Puma has signed a cooperation agreement with the Spanish LGTBIQ+ multisport association Panteres Grogues in Barcelona as part of #Reform, the brand’s global initiative to defend universal equality. On the occasion of the International Day to Combat LGTBI-Phobia in Sport, celebrated on February 19, FC Barcelona also signed a cooperation ...
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News briefsMoody’s outlook for Callaway remains negative, despite refinancing
Moody’s maintained its negative outlook about the increasingly diversified Callaway Golf group despite a new move intended to simplify its capital structure by refinancing its debt, following its $1.7 billion acquisition of Topgolf International, the U.S.-based operator of golf venues and entertainment centers, in March 2021. In a previous diversification ...
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News briefsFanatics is acquiring Mitchell & Ness
Fanatics has teamed up with a celebrity cohort, which also includes Jay-Z, to acquire Mitchell & Ness, a brand merchandising company. As reported by the New York Times, the deal was closed on Feb. 16, and valued Mitchell & Ness at about $250 million. Under the terms of the transaction, ...
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News briefs
Sport 2000 France is planning new store openings across its different retail networks
Sport 2000 France is expected to see around 45 new store openings this year, roughly as many as in 2021, according to a report by Sport-Guide.fr. The plan would involve its different retail networks. Sport 2000, the eponymous banner, is expected to add 14 new stores, while Mondovélo is set ...
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News briefsAvia is returning to Spain
According to DiffusionSport, Avia is returning to Europe, and specifically to Spain, after an absence of about a decade. To this end, the American brand of athletic footwear has secured a licensing and distribution deal with Sandsock S.L., a firm in Barcelona. Sandsock has since presented Avia’s collection for summer ...
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News briefsPuma signs Norwegian chess grandmaster and sponsors chess tour
Puma has signed a long-term agreement with Norwegian chess grandmaster Magnus Carlsen and with the Meltwater Champions Chess Tour. Through its partnership with Carlsen and the tour, Puma aims to connect the world of chess with the world of competitive sports by creating engaging content and activities for chess fans, ...
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News briefsFire at Alpargatas plant in Brazil
Alpargatas, which claims to be the largest footwear and apparel company in Latin America and owner, among others, of the Havaianas brand, reported that a fire broke out in the early morning of Feb. 21, 2022, at one of its plants in the city of Santa Rita, in the Brazilian ...
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News briefsAllbirds launches trade-in program
With a trade-in program that is offered in several Allbirds stores in the U.S., the shoe company takes its first steps into the pre-owned market. Within the newly launched ReRun program, customers can trade in their used Allbirds footwear for an in-store discount of $20. Used shoes will be offered ...
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News briefsIOC elects Samaranch as new vice president and five new IOC members
The Feb. 18 proceedings of the 139th Session of the International Olympic Committee (IOC) in Beijing saw the election of a new vice-president and five new IOC members. Juan Antonio Samaranch Salisachs from Spain was elected as an IOC vice-president. His term will start on May 20, after the conclusion ...
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News briefs
Vans launches the eco-friendly Circle Vee
Vans has introduced the Circle Vee, a new silhouette that taps into renewable materials while aiming at reducing waste. The Circle Vee features a one-piece knitted natural upper designed to reduce waste in production compared to Vans’ traditional cut and sew uppers. The upper, which is stitched directly onto the ...
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News briefsDunlop posts double-digit growth in Q4
Sumitomo Rubber’s Dunlop Sports business, which includes the Srixon, Cleveland and XXIO brands of tennis, squash, padel and golf products, reported a 29 percent increase in operating profit to 1.44 billion yen (€11.0m) from ¥1.12 billion, on fourth-quarter sales growth of 24 percent to ¥25.33 billion (€193.5m) from ¥20.46 billion. ...
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News briefsGloberide posts single-digit growth in Q3
Globeride, the Japanese parent company of the Daiwa golf and fishing brand, reported a third-quarter net income of 2.3 billion yen (€17.6 million), 5 percent more than in the same period of the previous year. Sales increased 8 percent from ¥26.9 billion to ¥28.9 billion (€221.2m). Sales in Europe declined ...
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News briefsPrecor has a new VP
Peloton has named former Microsoft veteran Betsy Webb, who joined the fitness company last summer, to head its Washington-based subsidiary Precor, part of Peloton Commercial. She replaces Rob Barker, who left the company last week after 27 years. He is reportedly focusing on his investment business and moving to Europe ...
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News briefsBusiness with the metaverse to exceed $100 billion in 2022
Management consultancy Boston Consulting Group (BCG) expects a strong surge in growth for products and services for the so-called metaverse. “The market for augmented reality will exceed the 100 billion US dollar mark this year,” said BCG partner Tibor Mérey in an interview with the German business magazine Capital. The ...
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News briefsABG strengthens Reebok’s position through new U.S. partnership with Foot Locker
While the transfer of ownership of the Reebok brand from Adidas to Authentic Brands Group (ABG) is expected to be completed in the first quarter of this year, the new owner has already announced a new and expanded partnership with New York-based sports retailer Foot Locker for the brand, limited ...
