News Briefs – Page 281
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News briefs
New LED-embedded shoe laces for enhanced safety after dark
Textiles researchers at Nottingham Trent University have developed shoe laces which light up and flash thanks to light emitting diodes (LEDs). The idea could be leveraged to enhance the safety at night for joggers and cyclists, the researchers suggested. The innovative laces were created by scholars at the university’s Advanced ...
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News briefsKlarna enters partnership with Verifone
Klarna, the Swedish supplier of ”buy now, pay later” online payment solutions, has entered a partnership with Verifone, a California-based provider of hardware products for payment processing, that will make Klarna available to millions of Verifone devices in the U.S. and Europe. The ongoing Covid-19 pandemic has impacted shopping behaviors ...
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News briefs
New brand director for Line Skis and Full Tilt Boots
Steven Hartl has been promoted to global brand director for Line Skis and Full Tilt Boots, two sub-brands of K2 Sports. Hartl served in the past three years as U.S. sales manager for the two sub-brands. He has worked in the outdoor industry for nearly 14 years with several companies ...
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News briefs
Fibo is shifted from April to June
Because of the current development of the Covid-19 epidemic, Reed Exhibitions has decided to move the dates of next year’s Fibo trade show from April 8-11 to June 24-27. The postponement of the leading international trade fair for fitness, wellness and health should create more planning security for exhibitors and ...
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News briefs
New funding round values StockX at $2.8bn
StockX, the online reseller of sneakers and other cult products, has raised an additional $275 million in a Series E funding round that values the Detroit-based company at $2.8 billion. StockX says its sales were up by 75 percent to more than $100 million in the third quarter, leading to ...
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News briefs
Burton is paying sales commissions to wholesalers and retailers
According to Boardsport Source, Burton has initiated in certain European countries a pilot version of the “Sales Incentive Program” it has set up in the U.S. Employees at its wholesale partners in in Germany, Austria and Switzerland are receiving a commission, or “cash bonus,” on the sale of Burton x ...
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News briefsOn Running opens a highly digital global flagship in New York
On Running has opened its first global flagship store. Located in New York City’s NoHo (short for north of Houston Street), the store is designed to become, in time, a “seasonal hub” for runners and athletes. For now it is serving digitalized personalization. “Hidden gait-cycle analysis” via a “custom-built invisible ...
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News briefs
Nike opens flagship store in Barcelona with Italy’s Percassi
Nike has inaugurated a new megastore in Barcelona’s Paseo de Gracia, one of the city’s major avenues and a main shopping and tourist area. Studded with digital features, it provides many options for product customization. The floor is made with some 80 tons of recycled materials, equivalent to 188,000 football ...
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News briefs
Peloton faces yet another patent infringement lawsuit
Mad Dogg Athletics (MDA), which claims to have pioneered indoor bike spinning in the 1990s, has filed a lawsuit against Peloton Interactive for allegedly infringing on two MDA patents for stationary bikes - U.S. Patent Nos. 9,694,240 (2017) and 10,137,328 (2018) - which were obtained years after Peloton started selling ...
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News briefs
GBL’s investment in Canyon reportedly values the firm at €800m
As previously reported, Groupe Bruxelles Lambert (GBL) has acquired a majority stake in Canyon Bicycles, the German direct-to-consumer brand of high-end bikes. According to the Financial Times, the deal gives Canyon an enterprise value of around €800 million including assumption of debt. The newspaper says GBL’s offer to acquire a ...
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News briefs
Superga and the LTA announce new partnership
Superga will become the British Lawn & Tennis Association’s (LTA) official leisurewear shoe partner from Jan. 1, 2021. The LTA is the national governing body for tennis in Great Britain, the Channel Islands and the Isle of Man. As part of the new three-year deal, Superga will have branding rights ...
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News briefs
Castore to launch footwear as it enters the Rugby Union
Castore has signed up Owen Farrell, the captain of the England Rugby Union team, marking the young British team sportswear company’s first foray into Rugby Union. The brand will work with Farrell to develop an apparel range and a signature boot, thereby marking also the first time that the company ...
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News briefs
Nike launches Yoon Ahn’s NBA female collection
Nike is introducing a new women’s capsule collection in partnership with the NBA that was designed by Yoon Ahn, the founder of Ambush and Dior’s Homme jewelry design director. Ahn is the first woman to design a line for Nike and the NBA. The new capsule collection comprises track pants, ...
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News briefs
Accell names a new director for Benelux and Denmark
Accell Group has appointed Epco Vlugt as the new regional director of Accell Benelux and Denmark, effective Feb. 1, 2021. He will take over from Sten van der Ham, who is leaving the organization. Vlugt is the current managing director of Vélosophy, which is part of the Accell Group.
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News briefs
Superdry shuffles its management
Superdry has signed a permanent contract with its interim chief executive, Julian Dunkerton, who is also one of its founders. His temporary contract would have expired in April 2021. The brand has also hired a chief operating officer, Silvana Bonello, who will be moving to the U.K., reporting to Dunkerton ...
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News briefs
Polygiene wants to merge with Addmaster
Polygiene, the Swedish supplier of anti-viral solutions, is proposing the issue of new shares worth about 280 million Swedish kronor (€27.5m-$33.5m), subject to approval at an extraordinary shareholders’ meeting scheduled for Dec. 30, to help finance the acquisition of Addmaster Holdings, its U.K.-based supplier of anti-microbial additives for hard surfaces, ...
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News briefs
Wintersteiger creates a Nordic subsidiary
Wintersteiger, the Austrian supplier of ski rental and ski service systems, has decided to acquire Board & Ski Teknikk, a Norwegian company that has been its distributor for over 30 years, servicing the Swedish market as well. The move is linked to the retirement of the distribution company’s founder and ...
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News briefs
Katja Erbe quits Intersport
Following Mathias Boenke’s departure from the executive board of Intersport Germany in October, Katja Erbe, head of category management, will now be leaving the five-country retail group as well. In her position, she reported directly to Boenke. Her functions will be taken over by the company’s chief operating officer, Frank ...
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News briefs
S&P downgrades VF on Supreme’s acquisition
Standard & Poor’s has downgraded VF Corp., citing the high debt/Ebitda leverage of more than three times that will result from its planned $2.1 billion acquisition of Supreme. S&P thinks that a leverage of more than two times will persist at least until the fiscal year ending in March 2023, ...
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News briefsÅre Skidfabrik invests for the future
Åre Skidfabrik recently expanded its facilities near the Swedish ski resort of Åre by 50 percent. The expansion was part of the company’s largest single investment in its 40-year history, which has also allowed it to introduce new energy efficiency solutions.The company acquired two new machines for greater efficiency and ...
