News Briefs – Page 278
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News briefs
Another legal victory for Michael Jordan in China
Michael Jordan has won another victory in its legal battle with Qiaodan Sports, a Chinese sports apparel brand based in Fujian, obtaining an award of 300,000 renminbi (€38,000-$46,300) for “emotional” damages and RMB 50,000 for associated legal expenses. Early last year, China’s Supreme People’s Court had issued a final decision ...
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News briefs
Polygiene's acquisition of Addmaster is approved
The shareholders of Polygiene, the Swedish supplier of anti-viral solutions, have accepted a proposal to issue new shares to help finance the acquisition of Addmaster Holdings, its very profitable U.K.-based supplier of anti-microbial additives for hard surfaces, for SEK 374 million (€36.7m-$44.7m) in cash and shares. Polygiene, whose sales of ...
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News briefs
Russia’s Sportmaster launches a new PRO store format
Sportmaster, the leading sporting goods retailer in Russia, has opened a large new store of 5,000 square meters based on its Sportmaster PRO format– a concept focused on attracting professional athletes – in the Metropolis shopping center in downtown Moscow. It is the 14th store operating under the Sportmaster PRO ...
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News briefsLululemon collaborates with London artist
Lululemon – which, thanks to lockdown-inspired fitness, enjoyed year-on-year increases of 22 percent in global sales and 160 percent in European sales in its third quarter ended on Nov. 1 – is starting the new year with a collaboration with a European designer. The Canadian sports apparel brand has launched ...
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News briefs
Italian and French ski lifts will reopen later than planned
French Prime Minister Jean Castex announced on Feb. 7 that the country’s ski facilities will not be allowed to re-open on Feb. 8, as previously planned, but failed to specify a new opening date, while indicating that the government will take the traditional February school holidays into account. Meanwhile, the ...
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News briefs
Progression will distribute Yniq Eyewear in North America
Yniq Eyewear, the Stockholm-based brand of snow goggles and other sports eyewear products, has signed up the Progression Brands Group (PBG) as its ”operating partner” for its winter sports business in North America. Yniq, which defines itself as “THE Sports Luxury Eyewear Brand,” already has a sponsorship contract with Lindsey ...
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News briefs
ISPO Beijng is postponed to an unspecified date
The ISPO Beijing show is being postponed to a yet unspecified date. It was going to take place in the Chinese capital from Jan. 14 to 16 as a physical event, but Messe München Shanghai said it would have been unreasonable to hold it in view of a renewed outbreak ...
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News briefs
Spy+ takes the contactless try-on to a new level
Spy+ is using Google’s Image Swirl and QR-code scanning to enable customers to try on snow goggles without ever touching them. The American action sports eyewear company, which was recently acquired by Bollé Brands, says the combination “overcomes the largest barriers to retail sales in the current shopping environment”: namely, ...
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News briefs
Garmin buys GEOS Worldwide
Garmin has acquired GEOS Worldwide, a company based in Montgomery, Texas that provides emergency monitoring and incident response services including search and rescue services for skiers, outdoor adventurers and boaters. The terms of the asset deal were not disclosed. Garmin plans a more extensive integration between its own capabilities and ...
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News briefs
Jeff Bezos and Phil Knight made the largest donations in the U.S. in 2020
According to the annual list of top donations in The Chronicle of Philanthropy, Jeff Bezos made the single-largest charitable donation in 2020. The $10 billion gift by the Amazon founder and CEO, which was announced in February, contributed to launch the Bezos Earth Fund, an initiative that is designed to ...
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News briefs
HanesBrands wins trademark infringement case in China
HanesBrands, the parent company of Champion and other brands, has announced that it has received a favorable judgment from the Nanjing Intermediate People’s Court in a trademark infringement lawsuit involving its Champion brand in China. The six Chinese defendants were Hurricane, Chengda, Rainbow Wing, Fuxun, Yunma and Wu Zhanghao. The ...
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News briefs
361° wants to redeem some of its debt
Standard & Poor’s warned a few months ago that 361 Degrees may have trouble refinancing its high-yield notes when they mature, citing difficult refinancing conditions for privately owned Chinese companies. Nonetheless, the Chinese sports apparel and footwear brand has offered to buy back $135 million worth of notes by Jan. ...
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News briefs
JD Sports Fashion acquires Wellgosh
JD Sports Fashion has reportedly acquired Wellgosh, an independent menswear retailer based in Leicester, for an undisclosed sum. The information was first reported by Drapers. Wellgosh, a family-run business, was founded by Peter Turner around 30 years ago. The company started operations with a small store in Leicester’s Silver Arcade ...
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News briefs
Golf facilities shut down in England during new lockdown
All indoor and outdoor golf clubs and facilities in England, including driving ranges, have been required to shut down with immediate effect during the third national lockdown, which the U.K. government has just imposed and reinforced in connection with the worsening of the coronavirus pandemic. Golf retailers will be able ...
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News briefs
Lafora is running Polar in both Italy and Iberia
The managing director of Polar Elektro Iberica, Manu Lafora, expanded his duties on Jan. 1 by taking charge of the brand’s new South Europe business region through the subsidiary at its core, Polar Italia. Lafora has been with the company, and in charge of Polar Iberica, since 2008. He was ...
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News briefs
Hoka will hold footraces to highlight its new sneaker
Hoka One One has launched the Carbon X 2, described as a new “lightweight and propulsive” running shoe. To celebrate the launch, the brand will be sponsoring, under the name Project Carbon X 2, a series of 100K footraces in the U.S. and Japan, in an attempt to break the ...
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News briefs
Intersport retailer makes a fuss over the newly extended German retail lockdown
After a consultation with the state governments, German Chancellor Angela Merkel announced on Jan. 5 that a nationwide retail lockdown for the sale of non-essential goods will be prolonged until Jan. 31 because of the ongoing high level of contaminations from the Covid-19 virus. It started on Dec. 16 and ...
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News briefs
Callaway Golf signs up Jon Rahm
Callaway Golf has announced that Jon Rahm, the world’s #2 ranked golf player, has joined the brand’s Tour professional staff under an unspecified multi-year agreement. As a Staff Pro, he will be using Callaway woods, irons, wedges, a Callaway Chrome Soft X Golf Ball and an Odyssey putter, the company ...
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News briefs
Asics shutters its NYC flagship store
Asics has closed down for good its flagship store on Fifth Avenue in the Manhattan district of New York, which it had opened in 2017, occupying 2,035 square feet of selling space, to position itself in the city as a direct competitor of bigger sports brands like Nike, Adidas or ...
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News briefs
Selle Italia announces Fabian Cancellara as a new ambassador
Selle Italia has announced a new partnership with Fabian Cancellara, the former professional road bicycle racer from Switzerland, as a brand ambassador for the leading brand of bike saddles. The partnership will involve the development of new products as well as all the events of Chasing Cancellara, a platform on ...
