News Briefs – Page 241
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News briefs
Maxpro announces Shaquille O’Neal as a new investor
Maxpro, a Detroit-based start-up specializing in connected fitness equipment, has announced a strategic partnership with the American basketball legend Shaquille O’Neal, who has invested in the company. Maxpro was founded in 2019 by a former athlete, Nezar Akeel. Since then, the company has grown from a pre-revenue Kickstarter campaign to ...
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News briefs
Joma partners with a Scottish team
Joma Sport has announced a three-year technical partnership with the Hibernian Football Club, a professional club based in Edinburgh that competes in the Scottish Premiership. The agreement, effective June 1st, brings an end to the club’s four-year deal with Macron. Upon the terms of the new agreement, described by the ...
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News briefs
Golf participation explodes in the U.K. and Ireland
Two new participation reports produced by Sports Marketing Surveys (SMS) – “2020 Great Britain Golf Participation Report” and “2020 Ireland Golf Participation Report” – have shown an increase in participation by a combined 2.3 million on-course adult golfers in Great Britain and Ireland last year. The reports are based on ...
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News briefs
German retailers seize the Constitutional Court over the lockdowns
A group of ten German retailers including Intersport, Engelhorn and Rose Bikes have sued the German federal government in the country’s Constitution Court over its strict anti-Covid lockdown regulations. The current measures prevent the opening of so-called “non-essential” retail stores, including sporting goods retail shops, in areas where more than ...
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News briefsHyosung strengthens marketing teams in Europe and U.S.
Hyosung, the Seoul-based provider of textile solutions, has appointed Claire O’Neill and Julia Nam as European and U.S. marketing managers, respectively. Source: Hyosung Claire O’Neill O’Neill, based in the U.K., has extensive experience in intimate apparel, swimwear and global textile markets. She joins Hyosung from The Lycra ...
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News briefs
Hervis has a new CEO
Hervis Sport, the Austrian sports retail chain, has appointed Oliver Seda as its new CEO, effective Oct. 1. He takes over from Werner Weber, who will leave Hervis at the end of the year based on a transitional arrangement that began after the sudden departure of the previous CEO, Alfred ...
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News briefs
E-commerce helps Decathlon Germany to grow by 1.2%
Despite the restrictions imposed by Covid-19, Decathlon was able to increase its net sales in Germany by 1.2 percent in 2020 as compared to the previous year. They reached €667 million, generating operating income (Ebit) of €10.8 million. In addition to the growing digital business, which represented 28 percent of ...
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News briefs
Sport Zone will host an online marketplace
Over the coming months, the Iberian Sports Retail Group of JD Sports Fashion will be setting up a marketplace for Sport Zone, under whose banner more than a hundred physical stores are operating in Portugal and the Canary Islands. The group hopes to replicate the success of its Sprinter marketplace, ...
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News briefsKeller Sports starts Brand City Clash, gets innovation award
Keller Sports, the fast-growing German online retailer for premium sports products and services, is organizing a special multi-sport challenge, the “Brand City Clash by Keller,” in five German cities - Würzburg, Dresden, Münster, Freiburg and Munich - with the help of five brands for the first time this summer. In ...
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News briefs
Decathlon launches its first pop-up store in Russia
Decathlon has opened its first point of sales in a pop-up store format in Russia. Located in the Nagorny district of Moscow, it is expected to operate for a limited period of five months in partnership with the Russian ADG real estate group. Decathlon explained that the new format would ...
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News briefs
Funwheels replace bikes in Russia
So far in 2021, Russia has experienced a slump in bicycle sales as compared to the last year, due to a high base of comparison and the booming popularity of scooters, according to research conducted by the Yandex.Market trading platform. Russian consumers have also started to buy fewer skateboards and ...
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News briefs
Spanish bike sales hit the 1.5m milestone
In 2020, Spain surpassed for the first time in history the milestone of 1.5 million bicycles sold in a single year. According to figures by Ambe, the Spanish bike industry association, released in collaboration with Cofidis, bicycle sales jumped by 24.10 percent to 1,565,233 units last year. The sector’s turnover ...
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News briefsMacron inaugurates its new HQ
With the company’s 50th anniversary approaching, Macron has inaugurated its new headquarters with an open house for the VIPs of Bologna’s society. The company broke ground for the new campus in July 2019 in the town of Valsamoggia, Italy, situated 10 km from Bologna, 25 km from Modena and right ...
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News briefsMarimekko collaborates with Adidas on sportswear
For Marimekko, a major Finnish producer of highly colorful fabrics, has decided to have its first collaboration with a sportswear brands through a limited edition with Adidas.Bold patterns are combined with a functional style to convey a positive spirit of movement and playfulness. The Adidas x Marimekko collection is scheduled ...
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News briefs
Nike claims its break-up with Neymar was tied to a sexual assault allegation
Nike’s decision to stop working with Neymar jr. last year was connected with allegations by a Nike employee that the footballer had sexually assaulted her, the Wall Street Journal (WSJ) has revealed, and Nike has partly confirmed the report, adding that the allegations could not be confirmed. Neymar has vigorously ...
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News briefsGfK sees slow possible recovery of consumption in Germany
In its monthly study in Germany this May, GfK market researchers found consumer sentiment that has been “rather bright than muted,” because of falling illness rates and success in Covid-19 vaccinations. With more employees coming out of short-time or remote work and incremental re-openings of stores and restaurants, conditions are ...
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News briefs
Kering sells a 5.9% stake in Puma
Kering said it has launched a private placement for about 8.9 million shares in Puma among qualified investors through an accelerated book-building process. For Kering, which has been focusing on the luxury goods sector lately, the move would generate proceeds of more than €800 million at the current stock market ...
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News briefs
Martes launches new Martes Sport Pro concept
Martes Sport has branded or rebranded 70 stores as Martes Sport Pro, expanding the offer of sports equipment and enhancing the customer experience. The leading Polish sports company has opened 28 new stores since March 2020 in Poland, the Czech Republic and Romania with a total area of more than ...
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News briefs
ABG may go public
The Authentic Brands Group has confidentially filed an application for an initial public offering (IPO), according to Women’s Wear Daily, whose sources apparently confirmed a previous report in Bloomberg that ABG was exploring a potential IPO that could value the group at about $10 billion. The IPO that could be ...
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News briefs
The NBA forms NBA Africa
The National Basketball Association (NBA) has announced the formation of NBA Africa, a new entity that will operate the league’s business in the African continent. This will include the Basketball Africa League (BAL), jointly operated by the NBA and the International Basketball Federation (FIBA), and the NBA’s first collaboration to ...
