News Briefs – Page 236
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News briefs
Garneau partners with the Professional Triathletes Organisation (PTO)
The Louis Garneau Sports Group has been chosen by the Professional Triathletes Organisation (PTO) as the official Team Internationals outfitter for the 2021 Collins Cup, PTO’s flagship event and the inaugural edition of the event. The Louis Garneau Sports Group, founded in 1983, is headquartered in Saint-Augustin-de-Desmaures, Quebec. Its products, ...
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News briefs
Hummel foresees a rebound after a poor year
Because of its extensive exposure to grassroots and team sports, which were closed by the Covid pandemic, Hummel has reported poor results for 2020. The Danish company’s sales declined to DKK 1,347 million (€181.1m-$219.4m) last year, despite the opening of new foreign subsidiaries in 2019 and the takeover of Halo ...
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News briefs
Xtep issues bonds to relaunch K-Swiss and Palladium
Xtep International of China is selling two tranches of convertible bonds to entities controlled by Hillhouse Capital to finance an international relaunch of the K-Swiss and Palladium brands, which it took over from E-Land Footwear in 2019. Hillhouse, which is controlled by the Chinese billionaire Zhang Lei, knows the industry ...
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News briefs
Finnish firm invests in plastic snow toys
Witta Oy, a Finnish manufacturer of injection-moulded pipe fittings and other industrial plastic products, has agreed to take over the manufacture of toy sleds, snow shovels and other snow toys from another Finnish company, Orthex Corporation, which has decided to concentrate on storage and other household items. The contract, whose ...
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News briefs
A woman from the candy industry will lead IHRSA
Elizabeth Clark is the first woman to have been appointed as president and CEO of IHRSA, the leading fitness industry association born 40 years ago whose full name is International Health, Racquet and Sportsclub Association. On Aug. 16, she will take the place of an interim president and CEO, Brent ...
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News briefs
Nike misinterprets the Greek alphabet
Nike has aroused some eye rolling from the Greek community for a special edition of its Air Force 1 Low shoe. Designed to pay tribute to the Greek goddess of victory, the embroidered word “NIKE” on the shoe is spelled using the Greek letter pi, which looks like a lower-case ...
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News briefsIcon Health & Fitness becomes iFit
Icon Health & Fitness has changed its corporate name to iFit Health & Fitness to assert the value of its proprietary connected fitness platform. In the words of the U.S. company’s founder, chairman and CEO, Scott Watterson, “we are elevating the name of our operating system.” This system channels live ...
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News briefs
Umbro collaborates with the Rolling Stones
Umbro has created a range of unisex England, Scotland and Wales football shirts featuring the names of the four members of the Rolling Stones band in connection with the Euro 2000 football tournament. An England polo shirt and zip-up jacket round up the range, which has gone on sale at ...
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News briefs
WIT Fitness collaborates with CrossFit
WIT Fitness, a six-year-old online and offline multi-brand retailer based in London, has signed a global multi-year e-commerce and retail partnership with CrossFit. WIT will operate an online CrossFit store and support CrossFit with in-house products in the future. WIT has only two physical stores in London for the moment, ...
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News briefs
Pelican acquires an inflatable watercraft brand
Pelican International has acquired a California-based pioneer in inflatable watercraft, Advanced Elements, through its wholly-owned subsidiary Confluence Outdoors. Details of the transaction were not disclosed. Pelican says the takeover ”carves a path forward to help us become the premier brand of inflatable kayaks and SUPs in more than 50 counttries.” ...
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News briefsDorel Industries closes new $450 million credit facility
Earlier this year – and after lively discussions between Cerberus Capital Management, Dorel Industries and its shareholders – the Canadian conglomerate pulled out of a previously planned going-private transaction. With shareholders clearly expressing confidence in Dorel’s future and its greater potential for Dorel as a public company, the group has ...
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News briefs
Andreas Sievers is now running Victor Europe
Andreas Sievers started as the new managing director of Victor Europe, the subsidiary of Victor Rackets based in Germany, on June 1. He succeeds Rolf Aurin, who held this position jointly with Jan Beutler from 1997 and alone from 2019. The two executives had bought the rights to the Taiwanese ...
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News briefs
Macron strengthens its presence in Spain's La Liga
Macron takes over from Adidas as the new technical partner of Cádiz CF, the Andalusian football club that last year celebrated its 110th anniversary and returned to La Liga, after a 14-year absence from the top division of Spanish football. The agreement will run for six years starting with the ...
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News briefs
Adidas and 11teamsports sign joint deal with the German FC Schalke club
Eleventeamsports, the German football specialist, will be FC Schalke’s contractual partner for the next five years, starting with the 2022/23 season. The company will take care of the implementation and management of the German football club’s new sponsorship deal with Adidas, which will be taking the place of Umbro. Adidas ...
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News briefs
UEFA and AntChain announce blockchain-led agreement
UEFA and AntChain announced a new five-year global agreement on the eve of the UEFA Euro 2020 championship. The football tournament has just started after its pandemic-related postponement from last year. Under the terms of the deal, AntChain will act as the official blockchain partner of the delayed tournament. More ...
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News briefs
Sport England introduces new tools to enhance the sector’s digital marketing skills
Sport England has worked together with the Chartered Institute for the Management of Sport and Physical Activity (CIMSPA) to produce a Digital Marketing Hub, a free training program in digital marketing made available to the sport and physical activity sector. The new hub is meant to “fill a gap in ...
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News briefs
Euratex calls for new measures as apparel demand sinks by 18%
Figures from the Spring 2021 Report by Euratex (European Apparel and Textile Confederation) show a dramatic contraction in the demand and production of textiles and clothing. The EU’s turnover in textile fibers and fabrics declined by 9.3 percent in 2020 as compared to 2019. For clothing, the decline was even ...
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News briefs
Pitti Studios: a new creative service for exhibitors
Pitti Immagine, the organizer of various fashion-related trade shows in Florence, is adding a new service, Pitti Studios, providing a new communication platform for exhibitors. They can have their new product releases photographed or filmed by the Pitti team. The customized images and film recordings can be integrated into a ...
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News briefs
Lululemon sets up Portland office for its footwear
Lululemon Athletica, the fast-growing sports apparel company based in Vancouver, has leased a 28,000-square-foot office space south of the border in Portland, Oregon, the sports footwear cluster of the U.S., to help prepare the launch of its first footwear line, according to the Portland Business Journal. The usually well informed ...
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News briefs
Nike creates sustainable community court in Hong Kong
Nike has created the Shek Lei Grind court, a refurbished community basketball court in Hong Kong that is meant, like other Nike courts around the world, to “reenergize spaces for sport and community.” For the sake of environmental responsibility, the court’s surface is made of Nike Grind, composed of up ...
