News Briefs – Page 222
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News briefs
Arsenal launches new fan rewards program
Arsenal has launched My Arsenal Rewards, a new fan loyalty program that gives fans the opportunity to convert their interactions with the club – ticket purchase, shopping at Arsenal Direct and Arsenal Retail etc. – into prizes, rewards and “money can’t buy” experiences. Adidas, the club’s team supplier, and Cadbury ...
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News briefs
India’s sports apparel market to grow by 16% over the next five years
A recent market research report has valued the Indian sports apparel market at $498.68 million in 2020, and predicts that it will grow by 16.06 percent by 2026. The report, titled “Indian Sports Apparel Market 2021,” has been released by Dublin-based ResearchAndMarkets. The growth will be primarily driven by increasing ...
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News briefs
Italian Skipass trade show confirmed as a physical event this autumn
After the cancellation of the event in 2020 due to the Covid-19 crisis, Skipass, the Italian consumer-oriented trade fair for winter sports and tourism, will regularly take place in Modena from Oct. 29 to Nov. 1, 2021. The event, organized by ModenaFiere, targets tour operators, managers of winter resorts, specialty ...
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News briefs
Erke rises in popularity in China after major donation to Henan flood relief
Erke, a Chinese brand based in Xiamen owned by China Hongxiang, rose in popularity and was even praised by the central government after donating 50 million yuan renminbi (€6.6m-$7.7m) to help the Henan province, devasted by the floods in the second half of July. Erke sells apparel primarily aimed at ...
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News briefs
Former Nike executive goes to jail for fraud
Errol Andam, a former Nike executive involved in retail brand marketing, was sentenced to serve 31 months in prison and to pay back $1,669,207.45 to its former employer. He had pleaded guilty to committing fraud, diverting proceeds from Nike pop-up stores for his own use and partnering with a friend ...
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News briefs
SRAM integrates Time Sport into its manufacturing and distribution apparatus
Last February, the U.S.-based SRAM Group acquired the pedal business of France’s Time Sport, a former property of the Rossignol Group, including all related patents. It subsequently set up a pedal manufacturing facility in Coimbra, Portugal. SRAM already manufactures SRAM chains and Zipp wheels in Coimbra. Meanwhile, the group has ...
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News briefs
Oceantee invites young golfers in the U.K. to help combat plastic pollution
Oceantee, a sustainable golf brand founded by Ed Sandison, is the project leader of #FORETHEOCEAN, an initiative that aims to help tackle plastic pollution. Young golfers from across the U.K. are being invited to participate in the project, which will see them involved in educational workshops and beach cleans, to ...
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News briefs
Rens aims to raise $1 million to fund a sneaker made from coffee waste
Rens Original, the Finnish start-up that claims to have developed the world’s first sneakers made from coffee waste, is looking to raise $1 million to fund the manufacture of its new Nomad shoe, presented as “the world’s first crowdfunded climate neutral sneaker.” Rens Original made its debut in the summer ...
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News briefs
Tennis Australia launches its own venture capital fund
Tennis Australia, the governing body for tennis in Australia, has announced the creation of Wildcard Ventures, a new entity that will identify and invest in early-stage companies focusing on technologies across sports, health and entertainment. Tennis Australia is the latest sports organization to launch its own venture capital fund to ...
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News briefs
Paris 2024 and Milano Cortina 2026 sign collaboration agreement
The Organizing Committees for the Paris 2024 Olympic and Paralympic Summer Games and the Milano Cortina 2026 Olympic and Paralympic Winter Games have announced a collaboration agreement aimed at encouraging joint initiatives and activities toward more sustainable and innovative Games in 2024 and 2026. The agreement was signed by Paris ...
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News briefs
Franco Fogliato leaves Columbia
Columbia Sportswear announced that Franco Fogliato, executive vice president of global omnichannel since Nov. 2020 and executive VP and general manager for the Americas since 2017, has informed the company of his intention to leave after a short transition period ending Sept. 3, 2021. Fogliato joined the group in 2013 ...
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News briefs
Puma announces Dixie D’Amelio as a new brand ambassador
Puma has announced Dixie D’Amelio as the brand’s newest women’s ambassador. The American social media star and music artist will be featured globally in various campaigns, including Puma’s latest women’s platform, “She Moves Us,” which celebrates women who move together to achieve and connect through fashion, community and sport. The ...
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News briefs
Adidas launches the ZX Primeblue golf shoe
Adidas Golf has introduced the ZX Primeblue shoe, worn by the new Olympic golf gold medal winner, Xander Schauffele. The shoe’s textile upper is made with yarns containing at least 50 percent Parley Ocean Plastic intercepted on beaches, remote islands, coastal communities and shorelines, preventing it from polluting the oceans. ...
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News briefs
New head for Adidas North America
Rupert Campbell, a 54-year-old British national who has been running Adidas’ operations in Russia and the CIS countries since 2018, is set to succeed Zion Amstrong as president of Adidas North America from next Jan. 1, reporting to Roland Auschel, executive board member in charge of global sales. Adidas’ CEO, ...
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News briefs
Bauer Hockey acquires a skate sharpening firm
Bauer Hockey has announced its takeover of ProSharp, a skate sharpening and profiling company based in Sundsvall, Sweden. Founded in 1984, ProSharp is a partner of the Swedish Ice Hockey Association, among others, and is trusted by hockey players in the National Hockey League (NHL) as well as national teams ...
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News briefs
Iconix redeems its notes while merging with Lancer
The Iconix Brand Group has announced the full redemption of its outstanding 5.75 percent convertible senior notes, which were due in 2023, at their initial aggregate price of $125 million plus accrued interest, in connection with its planned merger with Lancer Capital on Aug. 4. The announcement coincided with the ...
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News briefs
Slinger Bag expands to China
After striking an agreement with another distributor for Hong Kong and Macau, Slinger Bag has clinched a deal with Powerway Sports to be its exclusive distributor in Mainland China for the next five years. Founded in 1999, Powersports has offices in Shanghai and Xiamen. It has an extensive experience in ...
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News briefs
TAF in line for sales of $500m this year
Announcing the closing of the transaction for the planned sale of The Athlete’s Foot to the Arklyz Group, Intersport International Corp. says the lifestyle footwear chain’s franchisees around the world raised its sales by more than 40 percent in the first half of this year. Param Singh, owner and CEO ...
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News briefs
Federal authority confirms re-transfer of shares to Intersport Austria
The relevant authorities have approved the terms for the planned transfer of the shares in the Intersport Austria cooperative from Intersport Germany to the retail members of the Austrian buying group. Technically, the shares will be sold to a newly founded company, Premiumsport Service, based at Intersport Austria’s headquarters in ...
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News briefsThe European outdoor market fell by 9.5% at wholesale in 2020
The Covid-19 pandemic led to a 9.5 percent decline to €5.8 billion in sales of outdoor products by vendors in Europe, according to the annual State of Trade (SoT) market research report compiled by the European Outdoor Group (EOG). In terms of value, the most affected subcategories were backpacks and ...
