News Briefs – Page 264
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News briefs
EFTTEX 2021 has been cancelled
The 2021 edition of the European Fishing Tackle Trade Exhibition (EFTTEX), which was due to take place in Prague in June, has been cancelled due to the uncertainties related to the ongoing coronavirus pandemic. The decision was unanimously agreed by the European Fishing Tackle Trade Association’s (EFTTA) board. EFTTA considered ...
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News briefs
Save The Duck receives €3 million sustainability loan
Save The Duck, the Italian animal-free brand of outerwear, has received a €3 million S-Loan (Sustainability Loan) from the Italian Intesa Sanpaolo bank. The company will use the loan to progress toward two leading sustainability objectives. The first is to launch a “green” supply policy throughout its entire supply chain, ...
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News briefs
A new trade body in the U.K. to support digital retail
Six major U.K.-based e-tailers – Asos, Boohoo, Gymshark, the Ocado Group, AO World and The Hut Group (THG) – have launched the UK Digital Business Association (UKDBA), a new trade body to support the fast-growing e-commerce sector. The new association will back the digital commerce sector while also supporting brick-and-mortar ...
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News briefs
El Corte Inglés discusses layoffs
El Corte Inglés has told the unions that it is considering between 3,000 and 3,500 voluntary layoffs as part of a reorganization of the company, which run Spain’s largest chain of department stores and multiple other operations, including shopping centers. Its department stores sell a lot of sporting goods, among ...
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News briefs
Nike’s North America chief quits over reported sneaker resale activity
Nike has announced the departure of Ann Hebert, who has spent more than 25 years with the company, most recently as vice president and general manager for North America. According to a report in Bloomberg Businessweek, her son Joe Hebert had used her credit card to buy $132,000 worth of ...
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News briefs
JD Sports in talks to acquire warehouse from Arcadia Group
According to Sky News, JD Sports Fashion is the front-runner in negotiations to acquire Arcadia Group’s warehouse in the English town of Daventry for around £60 to £90 million (€69m-$83m to €104m-$125m). Boohoo Group, Amazon and eBay have reportedly also expressed interest. A casualty of the pandemic lockdowns, Arcadia Group ...
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News briefsSympatex creates “Chief Sustainable Community Manager” position
Sympatex Technologies has created tha new position of ”chief sustainable community manager and head of storytelling,” and recruited Kim Scholze, former outdoor community manager and developer of ISPO Munich’s sustainability strategy, to fill the role. Scholze brings more than 20 years of industry experience in strategy, marketing, development and sales ...
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News briefs
Wolverine gets S&P upgrade
Standard & Poor’s has upgraded its outlook for Wolverine Worldwide to stable and confirmed its BB issuer credit, while raising the rating on its senior secured credit facility to BB+. This came after Wolverine repayed a $171 million, 364-day loan contracted because of the coronavirus pandemic and reported better-than-expected results ...
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News briefs
Macron partners with the Italian Cricket Federation
Macron will be the technical sponsor of the Italian Cricket Federation (F.CR.I.) for the next four years, starting from the 2021/22 season. The sportswear company will dress the national teams and affiliated clubs and will create a dedicated line of merchandise. Macron will also set up a Club Shop, accessible ...
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News briefs
Speedo signs up British paralympic champion Alice Tai
Speedo has announced a sponsorship deal with Alice Tai, the British paralympic swimmer who competes in the SB8, SM8 and S8 categories. Tai, who is 22 years old, earned her first international success in 2014, when she won one gold, one silver and one bronze medal at the International Paralympic ...
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News briefs
Brisbane is the frontrunner to host the 2032 Olympics
The International Olympic Committee (IOC) has announced that it will start more detailed and exclusive discussions with the Brisbane 2032 Committee and the Australian Olympic Committee (AOC) about their potential to host the Olympic Games in 2032. Australia previously held the Summer Olympics in Melbourne in 1956, and Sydney in ...
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News briefs
OrthoLite unveils a new PU foam to stablize temperature in shoes
OrthoLite has presented O-Therm, a 2mm base-layer thermal foam that the company claims to be the world’s first and only aerogel-infused, open-cell PU foam. The technology creates a thermal barrier that blocks the cold and maintains footwear temperature through the thermal properties of O-Therm’s proprietary aerogel. Unlike conventional aerogel solutions, ...
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News briefs
Fanatics enters China via a joint venture
Fanatics, the U.S.-based online retailer of licensed sports merchandise, has announced that it is expanding into China via a joint venture with Hillhouse Capital Group, a private equity firm that is also a major shareholder in a major Chinese sporting goods retailer, Topsports. The 50-50 joint venture will be based ...
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News briefs
Adidas opens its first flagship store in Dubai
Studded with 60 different digital touchpoints, the 1,500-square-meter flagship store opened by Adidas in the Dubai Mall is the first one in the city. It offers many unusual services including free shoe cleaning and a “Bring It to Me” app that allows customers to request a product and get it ...
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News briefs
Champion partners with ABG for the Muhammad Ali brand
Champion Athleticwear, part of HanesBrands, and the Authentic Brands Group (ABG) have announced a multi-year collaboration for the Muhammad Ali brand, whose rights are held by ABG. The partnership is kicking off with the launch of a Champion X Muhammad Ali apparel collection, which evokes the spirit of the famous ...
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News briefs
Galvin Green reports surge in interest from young golfers
Galvin Green, the Swedish brand specializing in the design and supply of high-performance clothing for golfers, says it has experienced a rising interest from younger golfers among its customers over the past year. According to data reported in Golfbusinessnews, the number of younger golfers aged 18-25 buying Galvin Green products ...
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News briefs
Moncler acquires full control of Stone Island
Moncler has purchased the remaining 30 percent stake of Stone Island, an Italian brand of casualwear, from Temasek for around €345 million. The transaction is expected to close by the end of March, following approval by the regulatory authorities and Moncler’s shareholders. The deal was first announced in December of ...
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News briefsPerformance Days and Reed launch global digital sourcing platform
Design & Development Textile Consult, the organizer of Performance Days in Munich, and its U.S. counterpart since 2018, Reed Exhibitions’ Functional Fabric Fair powered by Performance Days, have announced the launch of the Performance Days Loop. The new digital platform provides access to a comprehensive, 365-day marketplace for functional fabric ...
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News briefs
Kästle invests in cross-country skiing
Kästle is outfitting the personnel at the FIS Nordic World Ski Championships that started in Oberstdorf on Feb. 23. The Austrian ski brand, which has been enjoying a certain revival lately, has decided to invest in the Nordic ski sector, bringing out a new line in 2019 that is being ...
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News briefs
Italian mountain areas call for a dedicated ministry
Italy’s Unione Nazionale Comuni Comunità Enti Montani (Uncem), the national organization of mountain municipalities, is calling for the creation of a new post of minister or undersecretary for mountain areas – “Ministero alla Montagna e alle Aree Interne” (Minister for the Mountains and Internal Areas), it suggested. The new government ...
