News Briefs – Page 218
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News briefsSport Holding is acquiring Bergans
Sport Holding, the Norwegian retail group formed in 2020 after Gresvig, the Norwegian licensee of Intersport, and Sport 1 Gruppen merged, announced that it is acquiring 100 percent of the shares of Bergans Fritid AS, one of the major outdoor clothing and equipment companies in Norway. The group, including Sport ...
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News briefs
Munich Fabric Start ready to "Rise" physically next week
With around 1,000 collections on 430,000 square meters of “Covid-19 compliant” exhibition space at MOC Munich and the newly designed Zenith area, “visitors are invited to be inspired, meet long-term partners and finally experience materials live again in their diversity and depth” at Munich Fabric Start (seasonal title: ”Rise”) on ...
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News briefsSuperfeet introduces new softer insoles for running
Superfeet has unveiled its Adapt Run collection of insoles, an evolution of Superfeet technology as the new product is more soft and flexible, as opposed to the known firm feel of the brand’s insoles. The new cushioned outsoles, designed for runners who want a comfortable stride and insoles that adapt ...
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News briefs
Businessman jailed in the U.K. for running an “industrial scale” counterfeit clothing factory
Inderjit Sangu was sentenced to four years imprisonment by the Birmingham Crown Court on Aug. 23 after pleading guilty for manufacturing and selling fake designer clothes. The 67-year-old businessman ran an “industrial scale” operation in Hockley, a central inner-city district in the city of Birmingham, England, which supplied market stall ...
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News briefs
ABG to retain its debt rating with Reebok's acquisition
Moody’s said that it will not be changing the Authentic Brands Group’s debt rating (B2 Stable) in light of its costly acquisition of Reebok. As Moody’s notes, Reebok’s sales growth “has consistently lagged behind” that of Adidas, the selling party (A2 Stable), and its turnaround, begun in 2016, is not ...
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News briefsTecnica grew by 27% in H1, performed better than in 2019
Tecnica Group posted revenues of €173.7 million in the first half ended June 30, representing a 27 percent increase as compared to the same period of last year. Ebitda jumped to €17.1 million from €2.7 million in the first half of last year. The net result was a loss of ...
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News briefs
Galeria Karstadt Kaufhof will become Galeria
Galeria Karstadt Kaufhof, the German company formed in 2018 from the merger of the Karstadt and Galeria Kaufhof department store chains that became wholly owned by Signa Retail in 2019, has unveiled a new concept for its 131 locations in Germany, which will see the company strategically reposition itself starting ...
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News briefsTNF promotes Vectiv technology with 360° VR experience
The North Face (TNF) has launched the Power Further VR and 360 Experience, designed to give everyone the opportunity to experience the trails of Mont Blanc despite pandemic restrictions, while also providing more detailed information about the development and functionality of its Vectiv technology. Available in VR and 360°, the ...
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News briefsDohrmann will leave as CEO of the Internetstores group
After more than three years as CEO of the Internetstores group, Hans Dohrmann will leave the German multi-channel retail company, which operates websites and physical stores in the cycling, camping and outdoor markets such as Addnature, Bikester, Brügelmann, Campz and Fahrrad.de. According to the group’s Berlin-based parent company, Signa Sports ...
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News briefs
Anta helps establish an award for sportswear design
The Anta Group and Beijing’s Tsinghua University have launched the Global Sportswear Design Award. Described as the “first exclusive sporting goods product design competition,” the program stems from the Tsinghua University-Anta Group Joint Research Center for Sports Fashion, established in June alongside its “M·O·V·E-Born by Movement” theme. This year is ...
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News briefs
Napoli will wear Armani’s EA7 shirts this season
Napoli has confirmed Giorgio Armani’s EA7 as the new technical sponsor of the team for 2021/22. The three Napoli EA7 kits feature sky blue, red and white colorways. All of them boast the EA7 logo on the chest. The team first unveiled Armani’s shirts last weekend upon the start of ...
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News briefs
Fernando Alonso’s brand Kimoa acquired by Revolution Brands
Kimoa, the sports-inspired eyewear and apparel brand created by Formula 1 champion Fernando Alonso, has been acquired by Revolution Brands International. Under the terms of the agreement, Alonso will retain a 25 percent interest in Kimoa. The two-time Formula 1 champion will also continue to serve as the global ambassador ...
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News briefsTrisport unveils innovative home fitness brand “HOI by Kettler”
Source: Kettler HIO by Kettler home training set Kettler is opening a new chapter in its brand history and product development: Under the name “HOI by Kettler,” an innovative line of fitness equipment for home use will be launched in October. The new name also conveys a ...
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News briefs
Taliban assure support for men’s cricket in Afghanistan, fate of women’s programs unclear
The Taliban have assured that they will not interfere with the Afghan men’s national cricket team, the country’s most popular sport. The Taliban told the Afghanistan Cricket Board (ACB) that work for the men’s team could continue as planned, Reuters reported. ACB said that two training camps in Kabul have ...
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News briefs
Frasers promotes Nevitt to CCO, Al-Mudallal to COO
Frasers Group, the parent company of U.K.-based Sports Direct, promoted Sean Nevitt to chief commercial officer and David Al-Mudallal to chief operating officer. Nevitt, previously global head of commercial, has been with the company for over 30 years. Al-Mudallal joined the business in 2017, first as head of talent at ...
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News briefs
UA supporting Baltimore’s bid for World Cup
Under Armour is now one of 16 companies and organizations helping its home city of Baltimore, Maryland, make a pitch to host the 2026 FIFA World Cup. Some 17 American cities are currently in contention. The other companies are Brown Advisory, Fila, State of Maryland, Sport and Entertainment Corporation of ...
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News briefsNew CEO and board members for Ecco
Ecco’s CEO, Steen Borgholm, stepped down from his post on Aug. 20 “by mutual agreement” after four years and more than two decades with the Danish footwear company. He will be replaced by Panos Mytaros, who has been with the company for 27 years, taking care mainly of the production ...
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News briefs
GfK sees U.K. consumer confidence at pre-pandemic level in August
According to their latest consumer survey of around 2,000 citizens, market analysts at GfK see the U.K. Consumer Confidence Index at pre-pandemic levels of -8 in August, against a backdrop of cooling headline inflation and rising house prices. Expectations regarding personal financial situations over the next 12 months continue, and ...
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News briefsCAGR of 2% for the canoeing and kayaking market, driven by North America
The global canoeing and kayaking equipment market is expected to grow by $105.37 million during the 2021-2025 period, according to new market research by Technavio. This would represent a compound annual growth rate (CAGR) of nearly 2 percent during the forecast period, with North America likely to generate 41 percent ...
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News briefsAngling Direct grows by 19.5% despite pandemic disruption
Angling Direct, the British fishing equipment retailer, saw its total revenues increase by 19.5 percent to £38.4 million (€44.8 million) in the six months to July 31, although it was forced to temporarily close all its stores again at the beginning of the year due to Covid-19 restrictions. Revenues rose ...
