News Briefs – Page 197
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News briefsPrada partners with the new Aspenx brand for skiwear
Prada has partnered with Aspenx on a six-piece capsule collection of high-end skiwear for men and women. Aspenx describes itself as a contemporary retail and experience brand. It has just been launched by the Aspen Skiing Company, which owns and operates the Aspen Snowmass mountain resort facilities and The Little ...
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News briefs
Joma launches its own padel racquet
The growing popularity of padel tennis, where Spain remains the leader, has led Joma Sport to add padel racquets to the product ranges of its various brands. Joma presented its new racquet at a special international event during the finals of the World Padel Tour Master, for which the brand ...
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News briefs
Spanish mountain sports retailers' association Green to launch website
CMDsport reports that Green, an association of 13 independent mountain sports retailers in Spain, is set to launch next year a website, called The Green, to promote the association’s name to suppliers and consumers alike. According to Carles Raimundo, owner of Foracorda, a store in Palma de Mallorca that belongs ...
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News briefs
UA releases its first NFTs
Like Nike and Adidas before it, Under Armour is embracing non-fungible tokens (NFTs). The American sportswear company has released 2,974 of them, each a digital replica of the Genesis Curry Flow shoe that Steph Curry was wearing on Dec. 14, when he broke the NBA’s record for total three-point shots. ...
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News briefs
Afydad joins ModaEspaña
The Spanish Association of Sporting Goods Manufacturers and Distributors, Afydad, has joined the Spanish Fashion Confederation, Confederación ModaEspaña. Founded in 2013, ModaEspaña includes in its ranks other Spanish trade associations such as Fedecon, AEGP, Asefma, Acme, Acotex, SFA, Regalo Fama, AEDM, Asirtex, APBE, AMSE and Asepri. The move reflects the ...
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News briefs
Skechers takes charge of its distribution in the Philippines
Skechers has taken charge of its distribution in the Philippines through a subsidiary, Skechers USA Philippines. The current distributor, Trendworks International, will continue to sell Skechers products until the end of this year. According to David Weinberg, chief operating officer of Skechers USA, a “dedicated team focused on growth and ...
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News briefs
Alibaba pledges to reduce emissions
Alibaba Group has pledged to make its in-house operations carbon-neutral (Scope 1 and Scope 21 emissions) and to cut its carbon-intensity emissions (Scope 32) by 2030. It has also pledged to cut 1.5 gigatons in carbon emissions from its “business ecosystem” (Scope 3+) by 2035. To accomplish this, the Chinese-based ...
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News briefs
Stadium Outlet continues to expand
Stadium will open a large 1,900-square-meter Stadium Outlet store on the ground floor of the Femman shopping center in Gotherburg in September 2022. The low-cost chain of the Stadium group currently has 62 locations in Sweden, Norway and Finland.
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News briefsBlue Tomato offers board rentals in Austria, Germany and Netherlands
Instead of just offering its board sports hardware, Blue Tomato has implemented a new equipment rental system both online and in brick-and-mortar stores in Austria, Germany and the Netherlands called “Rent Your Ride.” To date, 14 stores are associated, offering on-site education, rental, and board maintenance services. The boards ...
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News briefsArc’teryx launches first winter edition of its academies in Europe
Arc’teryx is already well known in Europe for its yearly summer Alpine Academy event in Chamonix. It is now launching for the first time a series of winter events in Europe, called Arc’teryx Academy, From Feb. 18 to 20, the “Arc’teryx Academy: freeride” premiere will be held in St. Anton, ...
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News briefsOberalp Group acquires manufacturer of raw material for ski touring skins
The Oberalp Group has announced the acquisition of Velotex from Pongs Velours. Velotex specializes in the production of mohair velvet, which is an essential product for ski touring skins, and other products for skiing. The closing of the transaction is scheduled for Jan. 1, 2022. The takeover allows Oberalp to ...
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News briefs
Sports Direct’s parent may go private
Frasers Group, parent company of Sports Direct and many other operations, has failed to address so far recent rumors that Mike Ashley, its biggest shareholder, may want to take the company private. He already owns about 68 percent of the shares, and an ongoing share buyback program may soon take ...
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News briefs
Hanesbrands signs licensing deal with Wake Forest
Hanesbrands – along with its Champion and Hanes brands and its alternative apparel propositions – has signed a licensing deal with Wake Forest University, addressing its fans. However, Nike retains the exclusive contract with the U.S. university, based in Winston-Salem, for team, coach and staff uniforms and will continue ...
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News briefsMIPS moves up to Nasdaq Stockholm’s Large Cap segment
Following Nasdaq’s annual review of the market capitalization of listed companies, Mips AB, which is well known for its innovative helmet technology BPS (stands for “Brain Protection System”), is moving up from the Mid Cap to the Large Cap segment of Nasdaq Stockholm. The move will be effective on Jan ...
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News briefs
Aqua-Leisure buys Airhead to trigger synergies and to expand
The Airhead Sports Group, a company based in Denver, Colorado that has dealers in nearly 80 different countries, has become the property of Aqua-Leisure Recreation, another U.S. watersports equipment company based in Avon, Massachusetts. The goal is to implement synergies in R&D, sourcing and distribution. Airhead sells a variety of ...
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News briefs
Skechers extends and expands its credit facility
After booking record results for the third quarter, Skechers has expanded its senior unsecured credit facility from $500 million to $750 million, extending its maturity date from November 2024 to December 2025. It will retain a $250 million accordion feature that allows the company up to $1 billion worth of ...
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News briefs
KKR invests in PureGym to support its expansion
There is evidently a new sense of optimism in the gym business, in spite of recent lockdowns. KKR has agreed to become a minority investor in PureGym, a U.K.-based group that operates more than 500 gyms in the U.K. and other European countries, while providing it with an investment of ...
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News briefs
Nitro and Burton sign licensing deal for boots
Nitro Snowboards has entered a licensing partnership with Burton Snowboards for boots compatible with the latter’s Step On binding platform. Nitro’s co-founder and president, Thomas Delago, says that the company has signed on to the partnership to prevent “confusion” and “unwanted stock” in the market. Settling on one platform will ...
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News briefs
Nike reviews its advertising agencies
Nike is conducting a six-month review of its media agencies, covering an annual advertising budget of about $1 billion, according to a report in AdAge citing sources close to the matter. In addition to Wieden+Kennedy, the long-time primary media agency that created “Just Do It” and many other iconic campaigns ...
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News briefs
Mitre supports British campaign for the homeless
Backing a call for football clubs all over the U.K. to ditch their home shirts for their Boxing Day matches between Dec. 26 and 28, Mitre launched a specially designed Mitre x Shelter football on Dec. 10 on its website, mitre.com, pricing it at £12. The Pentland-owned brand has pledged ...
