News Briefs – Page 266
-
News briefs
Tokyo 2020 appoints new female president
Seiko Hashimoto, a former Japanese minister and seven-time Olympian, has been appointed as the new president of the Tokyo 2020 Olympic and Paralympic Games organizing committee. She replaces the 83-year-old former president, Yoshiro Mori, who quit earlier this month after causing a firestorm of critiques internationally for comments on female ...
-
News briefs
Rather Outdoors buys Zebco Brands
Rather Outdoors has announced that it has taken over Zebco Brands, a manufacturer of fishing rods, reels and accessories based in Tulsa, Oklahoma. Through this acquisition, Rather expects to take full advantage of the growing interest in fishing, particularly among young and new anglers, where Zebco is particularly strong. Another ...
-
News briefsNew Zealand Merino launches 100% regenerative wool platform with Icebreaker, Allbirds and Smartwool
The New Zealand Merino Company (NZM) will work with Icebreaker, Smartwool and Allbirds and 167 sheep growers in New Zealand to create ZQRX, the world’s first regenerative wool platform. “ZQRX is an important and necessary evolution of our ethical wool program, ZQ,” said John Brakenridge, NZM’s CEO. “Through the adoption ...
-
News briefs
Dragon launches eyewear for anglers
Dragon Eyewear is introducing a collection of sunglasses designed for anglers. The XP Fishing Collection – itself part of the XP Cross-Performance line – comprises four models and seven lens tints for deep-sea, in-shore, sunrise, or sunset fishing. The frames are made of an injection-molded thermoplastic that floats because it ...
-
News briefsKuehne+Nagel buys a Chinese freight company
Kuehne+Nagel, the European logistics group registered in Luxembourg, has entered into a binding agreement to acquire a Chinese freight forwarder, Apex International Corporation. No financial details were released. Apex was founded in 2001 and has about 1,600 employees. It generates yearly revenues in excess of €1.9 billion. In 2020, the ...
-
News briefs
Foot Locker’s capital spending will grow to $275m in 2021
Foot Locker’s board of directors has authorized capital investments of $275 million for this year, a big jump from the $155 million spent in 2020, when they were reduced to maintain liquidities in spite of the coronavirus pandemic. Foot Locker’ board has also decided to raise its quarterly dividend by ...
-
![GBimage[1]](https://d1f00kj7ad54bu.cloudfront.net/Pictures/100x67/0/2/9/6029_gbimage1_776982_crop.jpg)
News briefsVF Corp. allocates the proceeds from its Green Bond
VF Corp. has released its Green Bond Impact Report, in which it shows that the net proceeds of around €493 million from its inaugural Green Bond have been fully allocated to 13 of VF’s eligible sustainability projects worldwide, including 2 million trees planted, around 16,000 metric tons of CO² emissions ...
-
News briefs
Schöffel Foundation plants 30,000 trees
Peter Schöffel, CEO Schöffel The reduction of the VAT in Germany in the second half of 2020 was intended to support the economy during the Covid-19 pandemic. But it also made possible a sustainability project by the Schöffel Foundation, which was established in 2011 to promote and ...
-
News briefs
Macron partners with Italy’s unique footgolf federation
Macron is the new technical sponsor of Italy’s Lega Nazionale Footgolf (LNF), the network of footgolf associations in the country, which also claims to be the largest footgolf network in the world. Footgolf is a sport that combines, as the name suggests, football and golf, although it is more closely ...
-
News briefs
Dunlop’s parent sees weak sports sales
Sumitomo Rubber Industries’ sports division, which includes Dunlop, Srixon and XXIO, saw its revenues fall by 9 percent in the fourth quarter ended Dec. 31 to ¥20.5 billion (€160.3-$195.8m). The segment’s operating profit reached ¥1.1 billion (€8.6m-$10.7m), down from a profit of ¥2.0 billion last year. Golf and tennis sales ...
-
News briefs
Yonex’ revenues drop by 8%, but Europe is up slightly
Yonex’ sales declined by 8 percent to ¥13.6 billion (€106.3m-$130.4m) for the third fiscal quarter ended Dec. 31. In North America, revenues dropped by 8 percent, despite higher tennis sales after Naomi Osaka won the U.S. Open using a Yonex racquet. In Japan, revenues fell by 7 percent due to ...
-
News briefs
Globeride raises guidance
Globeride, the owner of Daiwa fishing products, continues to ride a strong momentum, boosted by the fishing craze that followed lockdowns. Revenues for the third fiscal quarter ended Dec. 31 surged by 37 percent to 25.9 billion yen (€202.5m-$245.6m). Fishing gear proved popular, especially in the entry-level range. In the ...
-
News briefs
Therabody raises capital from celebrities
Therabody, the U.S.-based maker of the Theragun massage therapy gun and other therapeutic training aids, said it has drawn more financing after its revenues tripled in 2020 to an unspecified level, thanks in part to its expansion into more than 60 countries, with offices recently opened in London, Dublin and ...
-
News briefs
Kinnevik’s Zalando shares go to its own shareholders
Kinnevik, the Swedish investment fund that has been supporting Zalando since 2010, helping it to go public in 2014, has decided to transfer its 21 percent interest in the big German-based e-tailer to its own shareholders, provided they approve the move at Kinnevik’s annual meeting on April 29. The Swedish ...
-
News briefs
Athlete social advocacy grows as a key marketing trend, Nielsen report suggests
A recent report by Nielsen, titled The Changing Value of Sponsorship : 2021 Sports Marketing Trends, suggests that the sponsor media value generated by athlete advocacy posts on social media could reach $1.2 billion by 2023. According to the study, 95 percent of the athletes who have more than five ...
-
News briefsUA releases a running shoe with no outsole
Under Armour’s newest shoe, the UA Flow Velociti Wind, has eliminated the heaviest shoe component, the outsole, and substituted it with an “all-in-one cushioning system,” called the UA Flow midsole. According to the brand, this took three years of development by its Footwear Innovation Team in Portland, Oregon, and Dow ...
-
News briefs
Some brands have websites that disorient the visitor
EDM Publications, publisher of SGI Europe, made a presentation during ISPO Munich Online on a report that shows the digital performance of 60 leading sports brands in Germany, ranking it on the basis of 100+ metrics. One of the conclusions of the study, which was carried out by EDM in ...
-
News briefs
Adidas Golf signs up Brendan Lawlor
Adidas Golf has announced that Brendan Lawlor will join its roster of athletes. The Irish golfer is currently No. 4 in the World Rankings for Golfers with Disability (WR4GD). After forging a successful amateur career across both disability and able-bodied competitions, he became the first disabled golfer to compete in ...
-
News briefs
Asics invests in soccer scouting platform
Asics Ventures Corp., the investment subsidiary of Asics Corp., has invested in Dreamstock, the operator of a soccer scouting platform that matches football players with clubs. Dreamstock, based in Tokyo, was founded in July 2017. The digital company supports the youth generation (ages 14-18) by providing matching services with professional ...
-
News briefsPOC launches first bike helmet with independent, self-powered light source
More than a year after Swedish companies POC and Exeger unveiled a technology and an idea to develop, design and manufacture a helmet with self-powered lighting at the Rouleur Classic in London, POC has now unveiled the Omne Eternal bicycle helmet. Designed to increase the cyclist’s safety on the road, ...
