News Briefs – Page 214
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News briefs
Tonal to release Tonal Live
Tonal is launching Tonal Live, a fitness app with live and on-demand workouts as well as a “social zone” for exchange and goal-sharing between members. Tonal’s founder and CEO, Aly Orady, describes the company’s offer as having “adaptive weights, individualized pacing and form feedback that are customized to our members ...
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News briefs
Xtep sells bonds to Hillhouse to help internationalize K-Swiss and Palladium
Xtep International has completed a $129.4 million convertible bond offering intended to expand the presence of its K-Swiss and Palladium brands internationally. The debt offering consisted of two tranches, a U.S.-dollar-denominated tranche of $65 million with a zero coupon and a tranche worth 500 millionn Hong Kong dollars ($65.4 million) ...
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News briefs
On Holding raises IPO price to $20-22
The parent company of On Running has informed the U.S. Securities & Exchange Commission that it has decided to raise the price of its initial public offering from a range of $18 to $20 to a range of $20 to $22. The company has also indicated that the full overallotment ...
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News briefs
Castore moves into cricket, eyes a possible IPO
Castore, which is said to be planning to go public in 2022, has replaced New Balance as sponsor of the England & Wales Cricket Board (ECB). By the terms of the deal, worth some £25 million (€29m-$35m), the British sportswear producer will be supplying all ECB teams – men’s, women’s, ...
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News briefs
Orage plans to return to Europe
Orage, a Montreal-based brand of outerwear that caters primarily to freeride skiers and snowboarders, is reportedly expanding back into the European market. After undergoing several changes of leadership and direction under the umbrella of Coalision and its CEO and president, Bernard Mariette, the brand was sold in 2013 to one ...
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News briefs
Vista Outdoor buys a producer of golf simulators
Trying to capitalize on the recent boom in the golf market, Vista Outdoor has agreed to buy Foresight Sports, a producer of high-enhd golf simulators based in San Diego, California, for $475 million plus up to $25 million in contingent incentives. The amount is equal to about ten times the ...
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News briefs
Fútbol Emotion and Unisport launch lifestyle apparel
Evidently reacting in part to past and possible Covid-related restrictions on attendance at team sports matches, two European team sports retail specialists have launched more ordinary clothing lines. Fùtbol Emotion, the Spanish sports equipment retailer headquartered in Zaragoza, has launched After 90, a new clothing line for football enthusiasts who ...
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News briefs
Vans to stream its Musicians Wanted concert
Vans will be streaming a concert for the 2021 Vans Musicians Wanted competition, scheduled for Sept. 22. Musicians from the Americas, Europe and Asia-Pacific will be competing to win products from Vans and Kramer, contracts for global music distribution, and playlisting on Spotify and Apple Music.The finalists will be performing ...
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News briefs
Expo 2020 Dubai will celebrate sports and fitness in 5,400-square-meter dedicated hub
Expo 2020 Dubai has unveiled its Sports, Fitness and Wellbeing Hub, a 5,400-square-meter space that will offer a large range of free sporting activities and an entire zone dedicated to fitness and wellness. The Hub features a multi-sports area for basketball, volleyball, tennis and netball, as well as a five-a-side ...
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News briefsPolygiene hires Sean Tindale as new CMO
The Swedish-based Polygiene Group has appointed Sean Tindale as its new chief marketing officer, with effect from the end of September. He is joining in from Vero Moda, a fashion brand owned by the Besteller Group, where he was the global marketing director from April 2020 to June 2021. Before ...
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News briefs
Tennis-Point opens an expansive flagship in Madrid
As Tradesport reports, Tennis-Point has opened a large physical flagship store in Madrid, not far from the Bernabeu football stadium, as part of its multi-channel proposition. At about 1,200 square meters, it is twice the size of the store in Barcelona proper – the Catalonian city’s largest racquet and paddle ...
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News briefs
Peloton releases its first full range of apparel
After dabbling with a few apparel items in the recent past, including a collaborative line developed with Adidas, Peloton Interactive has released its first full private-label collection of men’s, women’s and gender-neutral fitness garb, calling it Peloton Apparel, for autumn 2021. The items are made of four fabrics, each with ...
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News briefs
New presidents for Mountain Hardwear and prAna
Columbia Sportswear has announced the promotion of Troy Sicotte to the position of president of its Mountain Hardwear brand and the appointment of Monica Mirro as president of prAna. They will both be reporting to Craig Zanon, who became the group’s senior vice president for emerging brands earlier this year. ...
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News briefs
A new Berlin-based sports brand, Winqs, is going fully green
Winqs, a new brand of footwear, apparel and accessories that aims to cover many sports categories, hopes to replace traditional materials with much more expensive yet fully sustainable ones, without sacrificing performance or raising prices too much. The Berlin-based brand told the Swedish trade paper Sportfack that all of its ...
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News briefs
VF executive takes over Eagle Creek
Travis Campbell, a former consultant with Andersen and a former Deloitte consultant who had been in charge of emerging brands at VF Corp. until a few weeks ago, has acquired all the assets of Eagle Creek, a daypack and travel luggage brand founded in Colorado in 1975 that VF took ...
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News briefs
Online sales help Björn Borg to book a record Q2
Strong online sales and savings in operating costs launched in 2020 helped Björn Borg to book the best second quarter in the Swedish company’s history. Total net revenues for the three months ended June 30 reached 162.8 million (€16.0m-$18.9m), an increase of 10.0 percent from the year-earlier period. The company’s ...
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News briefs
Whoop moves into smart apparel
Whoop, the growing fitness subscription service operating out of Boston, is releasing a line of smart apparel that monitors athletic performance. Whoop Body incorporates a set of sensors, called Any-Wear Technology, that connects to the simultaneously released Whoop 4.0, the latest edition of the company’s app-based, round-the-clock digital coaching service. ...
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News briefs
Dassler family behind new fund for sports technology startups
A new $30 million equity investment fund, the Lake Nona Sports & Health Tech Fund, has been set up to help about 20 early-stage startups in the areas of fan engagement, connected athletes, health and well-being to bridge the gap between seed investment and pre-Series A funding. Its portfolio already ...
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News briefs
Golden Goose celebrates 20 years with a skate bowl in Venice
According to FashionNetwork.com, Golden Goose recently celebrated its 20th anniversary in Venice. For the occasion the Italian brand of distressed sneakers and streetwear brand took a 13-year-old wooden skate bowl – kept until then inside a former cinema in Milan – and had it floated to the Venetian lagoon, where ...
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News briefs
Columbia readies launch of its new metallic-dot insulating lining, Omni-Heat Infinity
Columbia Sportswear has announced a patented, NASA-inspired entry in its Omni-Heat line of insulating linings. Its new Omni-Heat Infinity insulation, says the brand, is a “gold metallic lining material in a pattern scientifically engineered to optimize warmth and breathability.” Its gold metallic dots “reflect and retain natural body heat […] ...
