News Briefs – Page 238
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News briefs
Adidas introduces a sustainable summer shoe for summer golfing
Adidas Golf has announced the launch of the Solarthon, an ultra-lightweight shoe designed to keep feet feeling fresh all day long, especially during the hot seasons of the year. The Solarthon is indeed inspired by the summer solstice, the brand explained, when golfers are motivated to maximize the time they ...
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News briefs
Prevayl secures £7.5 million investment
Prevayl, a start-up specializing in “intelligent” and connected sportswear based in Manchester, has secured a £7.5 million (€8.7m-$10.6m) pre-revenue investment that is supposed to help the company “take wearable health technology to new heights.” The investment has been made by Stonebridge, the private equity fund headed by James Cox. Prevayl ...
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News briefs
Nike and Barça renegotiating, with Puma in the wings
The important technical partnership between Nike and the FC Barcelona football club has been in place since 1998, when Nike replaced Barça’s previous partnership with Kappa. The agreement with Nike is supposed to last until 2028. However, both Nike and Barcelona are reportedly inclined to renegotiate the terms of the ...
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News briefs
Peloton plans to enter one or two markets each year
While confirming its entry into the Australian market, which is expected to coincide with the start of its 2021/22 financial year on July 1, Peloton Interactive said it plans to move into one or two additional foreign markets each year. Addressing financial analysts at the Bank of America’s Securities Global ...
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News briefs
Spain's Festibike cancelled for a second year
In 2021, for the second year in a row, there will be no Festibike. The annual Spanish consumer-oriented cycling-industry festival – organized by a Portuguese events company called Lastlap – was scheduled for Sept. 10-12 in Las Rozas. Also canceled are the accompanying MTB Marathon and FBK Cyclocross, which were ...
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News briefs
10k apparel and footwear fakes seized in Spain
Authorities and the police in Badalona, a Spanish municipality near Barcelona, have detained ten Chinese nationals for trafficking in counterfeit goods at the shops they operate. Of the 10,000-odd items seized, with a total value exceeding €400,000, some 8,836 were apparel and footwear items offered under such faked brands as ...
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News briefsLycra launches new circularity advertising campaign
Source: The Lycra Company Sustainability Campaign print ad The Lycra Company is launching a new print and online advertising campaign, “Keep in the loop with Lycra,” aimed at driving the conversation about the circular economy in textiles. The campaign is an invitation to customers and industry professionals ...
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News briefs
New CEO for CCM Hockey
Marrouane Nabih, who had been serving as CCM Hockey’s chief financial officer since February 2019, has been promoted to the position of CEO, heading up a renovated executive suite. Jeffrey Dalzell has been promoted to chief product officer, Janne Heino to executive vice president in charge of Europe, and Caroline ...
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News briefs
New CEO for Decathlon USA
Christian Ollier, who has worked for Decathlon for 15 years, has been elevated to the position of CEO of Decathlon USA. He takes the place of another company veteran, Michel D’Humières, who is said to be moving to handle other projects inside the world’s largest sporting goods retail chain. Ollier ...
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News briefs
Online sales account for 17.3% of El Corte Inglès’ retail sales
El Corte Inglés, the leading Spanish department store chain, is a major factor in the country’s sporting goods market. The company reported a 19 percent decline to €10.52 billion in revenues from its retail business in the 2020 financial year, due to the Covid-19 pandemic. The drop would have been ...
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News briefs
Growing Eleiko makes new investments
Eleiko, the leading Swedish-based producer of weightlifting equipment, has started construction of a new logistics center in Halmstad, close to its head office in Kistinge, to help cope with its continued growth, which reportedly led it to book sales of about 500 million Swedish kronor (€45m-$60m) last year, up from ...
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News briefsEmilio Pucci collaborates on a capsule with Supreme
For spring 2021, Emilio Pucci is releasing a capsule collection with Supreme, the American streetwear brand recently acquired by VF Corp. The collection comprises 14 items including a silk jacket, waterproof nylon sweats, shirts and T-shirts, a hoodie and pants, a football jersey and shorts and accessories such as sunglasses, ...
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News briefsMDV’s Gripwalk® ski boot binding system receives ISO certification
The International Organization for Standardization has confirmed the ISO standard 23223 for the Gripwalk ski boot binding system developed by Marker Dalbello Völkl Brands, also known as MDV Sports. The system, which was first presented at ISPO Munich in 2016, enables easier and more comfortable walking on ski boots. It ...
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News briefs
Puma avoids a restraining order in Roar lawsuit
The federal court of New York for the Southern District has rejected a request for a temporary restraining order against Puma, which would have prevented it from using teeth designs on its apparel. The plaintiff, Christophe Roberts, claimed that various designs launched by the Wild Cat to address NBA customers ...
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News briefs
Stone Island’s president has bought a football club
Carlo Rivetti, president of the Italian sportswear brand Stone Island recently acquired by Moncler, has taken complete ownership of Modena FC 2018, a football club based less than 20 kilometers from the brand’s headquarters in Ravarino. The club has been acquired from Kerakoll, its previous owners, via Rivetex, the financial ...
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News briefsWolverine Worldwide expects strong second quarter
Ahead of investor meetings to be held during the virtual Baird 2021 Global Consumer, Technology, and Services Conference on June 8, Wolverine Worldwide provided a business update stating that the company expects second-quarter 2021 revenues the comparable figures for the second quarter of 2019. The company noted that its performance ...
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News briefsPinterest brings shopping functions to France, Germany, Canada and Australia
The Pinterest photo app wants to become more of a shopping platform internationally. After the U.S. and U.K., the company’s shopping functions will now also be available in Australia, Canada, France and Germany later this year. Users will thus have the opportunity to buy products directly via pins, pinboards and ...
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News briefsEU modernizes VAT rules for international online trade
New EU tax rules for orders placed with non-European online retailers will come into force at the beginning of July. The most important change is the elimination of the previous exemption limit of €22 for direct (B2C) imports. This means that import VAT will be due on all packages, with ...
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News briefs
Livall’s high-tech bike helmet raises over $300,000 on Indiegogo
Livall has announced that the campaign for the official launch of its EVO21 smart bike helmet on Indiegogo has now raised over $300,000 from more than 2,100 backers. The campaign debuted on Indiegogo on May 13, and Livall plans to start shipping the new helmet globally this month. The EVO21, ...
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News briefsSurvey: Generation Z embraces second-hand movement to live more sustainably
According to a recent study by Depop, a popular e-commerce platform for second-hand fashion, and an 11-year-old management and business consulting firm based in Boston, Brain & Company, the shopping behavior of the so-called Generation Z – born between 1997 and 2012 – is not only, but predominantly driven by ...
