News Briefs – Page 272
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News briefs
Bogner gets €55m from its own head office
Bogner has agreed to sell the property of its corporate head office in Munich for €55 million to a real estate company, UBM Development, after a bidding process. The City of Munich has a right of first refusal for the next two months on the building, located at Sankt-Veit-Strasse 4. ...
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News briefs
361 Degrees halves a high-interest portion of its debt
The Chinese sportswear company successfully completed a tender offer for about half of its remaining 7.25 percent senior unsecured notes, reducing the total amount still due to be redeemed by June 3 from $266.1 million down to $127.8 million. The move has allowed 361° to considerably cut its total indebtedness ...
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News briefs
DBK: Sporting goods consumption fell by 18.3% in Spain last year
According to a report from the Observatorio Sectorial DBK – part of the “smart data company” Informa, a subsidiary of CESCE – the pandemic’s boost to home fitness has limited by 18.3 percent last year’s drop in sporting goods retail sales in Spain. The drop, which was apparently higher than ...
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News briefs
Nike leads sports in Brand Finance’s top 500
At number 47, Nike is the most valuable sports brand in Brand Finance’s top 500 for 2021. In fact, it is the only sports brand to break the top 100. The second brand in sports, at number 126, is Adidas. Only one other sports brand made it to the list, ...
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News briefs
Moody’s upgrades Vista Outdoor once more
A fast-growing ammunition market in the U.S. due to the anxiety caused by the coronavirus pandemic and the trend toward outdoor activities is leading to better financial prospects for Vista Outdoor, which is also the owner of “quieter” international brands like Camelbak, Bell and Giro. As a result, Moody’s is ...
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News briefs
Didriksons pop-up in Paris
As reported by Sportfack, Didriksons is opening a temporary showroom in the Le Marais district of Paris at 12 Rue Notre-Dame de Nazareth. Didriksons’ offering has been available to French customers for a little over a year, but only through e-commerce at didriksons.com. The brand, founded in 1913 in Grundsund ...
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News briefs
HeiQ and Nylstar launch permanent antiviral textile technology
HeiQ has announced the launch of HeiQ Viroblock Permanent, a new technology that is part of its HeiQ Viroblock platform. HeiQ Viroblock Permanent is being used exclusively on Nylstar’s Meryl Skinlife Force, a new premium sustainable nylon fabric. While the current HeiQ Viroblock offering is obtained by chemical treatment to ...
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News briefs
Base appoints new CEO
The Spanish buying group Base has appointed Toni Maristany Rivero as its new chief executive. His predecessor, Alex Cucurull, stepped down last March, ceding control temporarily to Laura López. His departure coincided with Base’s pull-out from its collaboration with Sport 2000 International. Maristany Rivero has spent the past nine years ...
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News briefsNike tech leader moves to Columbia to push its digitalization
Columbia Sportswear has named Skip Potter to a new position as executive vice president and chief digital information officer, effective April 1. Potter brings extensive experience in the tech field to Columbia. He most recently spent four years at Nike, whose head office is located in the same state, as ...
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News briefs
Deporvillage seeks to sell a majority stake
According to the Spanish financial daily Expansión, Deporvillage has engaged a financial advisory, Arcano Partners, to seek out an investor to purchase a majority stake in the company. The fast-growing Spanish e-tailer of sporting goods is currently majority owned by its founders, Ángel Corcuera and Xavier Pladellorens, and by such ...
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News briefs
Intersport Austria stretches payment terms for members
Due to the negative development of the winter season caused by the pandemic in Austria’s tourist regions, Intersport Austria has set up extensive support measures for its affiliated dealers. It is granting a 12-month deferred payment to more than 100 of them for all deliveries of winter goods from its ...
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News briefs
Sport England unveils 10-year grassroots strategy to tackle inequalities
Sport England has unveiled “Uniting the Movement,” a new ten-year strategy by the government agency to transform lives and communities in England through sports and physical activity. The new vision primarily seeks to tackle inequalities in sport and physical activity, which coronavirus-related disruption in 2020 has further highlighted, according to ...
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News briefs
Adidas among top 100 most sustainable firms, although down in the ranking
Adidas has been named among the most sustainable companies in the world in the global Corporate Knights 2021 ranking, an annually updated index of the Global 100 most sustainable corporations in the world. Adidas took the 76th spot with an overall score of 59.6 percent, down from the 55th spot ...
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News briefs
Allied Feather + Down introduces quick-drying down insulation
Allied Feather + Down has announced its new Expedry quick-drying down, featuring FUZE technology. Fuze Biotech’s FUZE is a chemical-free technology that can be applied to any surface or textile to protect against odor causing bacteria, mold and infectious diseases. Expedry uses non-ionic, permanently bonded gold nanoparticles in the down ...
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News briefs
Ferrino will distribute Spektrum eyewear in Italy
Ferrino has announced a new partnership with Spektrum, the Swedish eco-friendly brand of sports goggles and accessories, which makes the outdoor company the distributor of Spektrum eyewear in Italy. Spektrum’s frames are made of plant-based non-food derivates from corn. The details on Spektrum’s frames are made out of non-food resin ...
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News briefs
Sport-Achat Winter 2021 has been cancelled
Sport-Achat Winter, the French sporting goods trade show that was scheduled to take place on March 8-10 in Lyon, has been cancelled for the second consecutive year due to the ongoing coronavirus crisis. The French trade show, which is organized by Sportair & Like That, brings together sports brands and ...
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News briefs
TNF’s new Flight Vectiv exceeds expectations
The Flight Vectiv, the brand-new trail running shoe by The North Face, made its debut at selected stores in the U.S. on Jan. 26. The shoe, which won one of the ISPO Gold Awards, will be rolled out globally by mid-February. The shoe’s footbed uses a stabilizing carbon-fiber plate surrounded ...
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News briefs
Olympic winner promotes NURVV Run’s new shoe-based running tracker
NURVV Run, a British start-up that has just released its first wearable biometric tracking device for running, has established an endorsement deal with Dame Kelly Holmes, the first British woman to win two gold medals at the same Olympic Games in more than 80 years. In addition to attending promotional ...
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News briefs
Amazfit smatwatches now on sale at Argos stores in the U.K.
Argos is the first nationwide retailer in the U.K. to become an authorized dealer of Amazfit products. The products on sale at Argos stores are limited for now to four of the company’s newest smartwatches: the GTS 2, the GTS 2 mini, the Neo and the GTS 2e. First launched ...
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News briefs
New chairman for Bogner’s reduced supervisory board
Bogner has cut the number of its supervisory board members from six to three as part of a new “performance program” initiated by its new management in July. Andreas Bermig, a digital expert who worked for McKinsey and Zalando and joined the supervisory board in 2018, has taken over as ...
