News Briefs – Page 253
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News briefs
Unrest, a new French brand of sustainable fitness clothing
Unrest is the name of a new French brand of fitness apparel made with 100 percent natural and biodegradable materials that is set for a launch in September, after nearly three years of development. Founded by Lucile Trouette, the brand is working with a Portuguese textile supplier while the manufacturing ...
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News briefs
Fitbit and Garmin are cleared of two out of four patent infringement charges
The U.S. International Trade Commission (ITC) has confirmed that Garmin and Fitbit are not infringing on two patents registered by Philips, concluding that they are invalid, but it did not overturn two other patents over which the Dutch electronics company is still in litigation with the two suppliers of wearables. ...
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News briefs
Nike is now refurbishing sneakers
Nike has begun selling reconditioned sneakers at “up to” 15 stores in the U.S., with plans for more. The program is not going to be implemented in Europe until further notice. Inaugurated on April 12, the Nike Refurbished program operates with Nike sneakers returned within 60 days of purchase, which ...
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News briefs
The French bicycle market grows by 25% in value
According to figures from Union Sport & Cycle, the French sporting goods industry association, the broader bicycle market (bicycles, parts and accessories) in France reached for the first time the milestone of €3 billion in value in 2020, representing an increase of 25 percent from the previous year. In terms ...
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News briefs
FESI launches new Covid-19 survey
FESI has launched a third survey to assess the impact of the Covid-19 pandemic on the sporting goods industry. It is open to any sporting goods company operating in Europe, with a tentative deadline of April 28 for the replies. A specific section is devoted to winter sports. FESI’s previous ...
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News briefs
Champion launches two new sustainable collections of apparel and footwear
Champion Athleticwear has introduced two new environmentally conscious collections – a range of Natural State Reverse Weave clothing and Rally Pro Earth footwear. The Natural State Reverse Weave product line contains recycled polyester fibers and uses minimally processed and unbleached fabrics, along with all-natural dyes derived from flowers, roots and ...
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News briefs
Macron partners with the Bavarian Basketball Federation
Macron is the new technical sponsor of the Bavarian Basketball Federation (BBV - Bayerischer Basketball Verband). Starting with the 2021/22 season (from July 1st), the Italian sportswear brand will be the official and exclusive technical provider of the BBV, dressing referees, regional selections and federal staff. The BBV represents all ...
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News briefs
Technogym’s founder enters Forbes’ World’s Billionaires List
Nerio Alessandri, the founder and CEO of Technogym, has entered for the first time Forbes’ World’s Billionaires List with an estimated real net worth of $1.3 billion as of April 12, 2021. Forbes’ annual World’s Billionaires List has reached its 35th edition this year. At the national level, Alessandri is ...
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News briefs
Sotheby’s to sell a pair of the original Nike Yeezy sneakers
A forthcoming sale by Sotheby’s will include a pair of Kanye West Nike Air Yeezy 1 sneakers. The model was unveiled publicly during West’s performance at the 2008 Grammy Awards and was released in a limited series the next year. The Air Yeezy 2 followed in 2012. Nike had never ...
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News briefsFormer Nike executive will run Patagonia EMEA
Patagonia has announced the appointment of a new general manager for Patagonia EMEA, effective this May. Matthijs W. Visch will lead Patagonia’s growing business in the Europe, Middle East and Africa region, which today counts more than 230 employees and 11 brand stores. He takes over from the previous general ...
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News briefs
SmartFlex paddings change ownership
G-Form has been acquired by a Greenwich, Connecticut-based investment company, Eldridge Industries. Details of the purchase price were not disclosed. G-Form is known for its patented SmartFlex impact protection technology used for a variety of team sports including baseball, soccer, field hockey and basketball as well as action sports such ...
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News briefs
Decathlon will sell replicas of the Danone Nations Cup official ball to help clean water charity
Kipsta, Decathlon’s private label brand for team sports products, is releasing the replica of the official ball of the Danone Nations Cup, the world’s biggest football tournament for boys and girls aged 10 to 12. Kipsta is the technical partner of the tournament, which Danone has been organizing since the ...
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News briefs
A call for donations of warm clothing by Intersport Germany
After the winter is still not over in Germany with night temperatures around -3°C, many homeless people are continuing to struggle, especially in times of Covid-19. Under the hashtag #Lässtmichnichtkalt, Intersport Germany has joined forces with Caritas to call on its customers and partners to take part in a relief ...
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News briefs
Puma releases women’s collection inspired by the oceans
Puma is dropping a new collection of women’s footwear, apparel and accessories inspired by the deepest seas, called Ocean Queen. The collection is worn by Winnie Harlow, the Canadian fashion model and a Puma ambassador. The designs are inspired by the sea, with colors like bright aquamarine, yellow and a ...
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News briefs
Li & Fung launches digital incubator as a separate company
Li & Fung, the sourcing giant headquartered in Hong Kong, is launching LFX, a new and separate company designed to capitalize on new digital opportunities that can transform the retail industry and enable sustainability along the supply chain. Described as “an incubation, investment and operating platform,” LFX will launch and ...
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News briefs
Alibaba settles with Chinese anti-trust authorities
The Alibaba Group has agreed to make it easier for merchants to do business with it, without preventing them from using other platforms, as part of a series of ”comprehensive rectifications” demanded by Chinese anti-trust regulators, which charged it of abusing its dominant market position. It will nevertheless have to ...
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News briefs
Asos issues a £500 million convertible bond
After its publication of excellent results for the first half ended Feb. 28, Asos announted an offer to sell £500 million (€577.5m-$686.6m) in senior unsecured guaranteed convertible bonds due in 2026. The bonds are being offered by the company’s wholly-owned subsidiary Cornwall. The proceeds will be used by the U.K.-based ...
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News briefs
Sports Direct’s parent company warns Covid-19 could cost more than £200 million
Frasers Group, the parent company of Sports Direct, has warned that it could take a hit of more than £200 million (€230m-$275m) due to Covid-related restrictions. This would be double the previous estimate it had made in February, when the company said it expected that the pandemic crisis would determine ...
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News briefs
Patent office finds Timberland’s iconic boot design too generic
The U.S. Patent Office’s Trademark Trial and Appeal Board denied a bid by VF Corp. to register the design of Timberland’s iconic Yellow Boot, concluding that it lacks sufficient acquired distinctiveness. The board noted that there was no evidence that competitors were trying to intentionally copy the boot’s trade dress, ...
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News briefs
Icon sues Peloton once more
Icon Health & Fitness has filed its fourth suit against Peloton Interactive in the U.S. federal court in Delaware, where two other suits filed last year are still pending. This time, Icon is attacking the Auto Follow feature of Peloton’s new Bike+ model, which automatically adjusts its resistance to match ...
