News Briefs – Page 283
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News briefs
Nike inks multiyear deal with UCLA
Nike and UCLA Athletics have announced a new partnership deal that will make the Jordan brand and Nike the Bruins’ official athletic footwear, apparel and equipment provider beginning on July 1, 2021. The financial details of the agreement were not disclosed, although reports in the Baltimore Business Journal suggest that ...
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News briefs
Bayern Munich inaugurates its “FC Bayern World”
The FC Bayern München football club has inaugurated “FC Bayern World,” a new multi-functional complex located in the area of Munich’s central Marienplatz. The 3,500-square-meter complex extends over seven floors and houses various club-related amenities, including a three-storey FC Bayern flagship store, which covers alone 1,000 square meters, as well ...
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News briefs
Puma invests in a men’s brand, Ron Dorff
Earlier this year, Vogue magazine named Ron Dorff one of the world’s top three brands of men’s swimwear brands and Gentlemen’s Quarterly (GQ) named it one of the top ten brands of men’s underwear. Puma has now invested €4 million in this French brand of men’s sportswear and bodywear through ...
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News briefs
Runners Need plans further retail expansion
Runners Need will be opening 10 stores in 2021. The British retailer has opened nine stores this year – in Manchester, Edinburgh, Belfast, Kingston Upon Thames, South Cerney, Chester, Brighton and London’s Covent Garden and Islington – and now operates 43. It has also recently enjoyed its best e-commerce sales, ...
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News briefsHeiQ now listed on the LSE
HeiQ, the Swiss textile materials company, was listed on the London Stock Exchange on Dec. 7 under the ticker symbol HEIQ, following a reverse takeover into Auctus Growth Plc. The stock was oversubscribed on issue and raised £60 million (€66m-$80m) before expenses. The new public interest in the company doubtless ...
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News briefs
Fanatics acquires WinCraft
As Sports Business Daily reports, Fanatics has acquired WinCraft, in a move that will diversify the company’s reach beyond its core licensed apparel business. Established in 1961, WinCraft is a producer of sports-themed hardgoods and other non-apparel items. The company generates about $100 million in annual revenues, according to Fanatics, ...
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News briefs
Foot Locker adopts a “poison pill”
Foot Locker announced that its board of directors has adopted a “short-term shareholder rights plan” designed to reduce the likelihood that anybody will gain control of the company without appropriately compensating its shareholders. It will distribute one right to each outstanding share as a dividend if any person acquires 20 ...
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News briefsIspo Munich reveals more details about the upcoming online show (video)
Messe München has published a video for Ispo Munich Online 2021, in which it reveals more about the design of the virtual expo area, the digital brand spaces and the digital conference program of the event scheduled for Feb. 1-5. Video: ISPO Munich Online 2021: How brandr… ...
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News briefs
Spanish sales agency helps Under Armour
Amazing Solutions, a sales agency in Barcelona, has agreed to support Under Armour in its relations with the numerous Spanish buying groups, starting with the autumn/winter 2021/22 season. Correcting a local press report, Under Armour says it still has a small office in Spain, employing Marc Colomer as sales manager ...
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News briefs
Symphony partners with Itochu for Skins in China
Symphony Holdings has agreed to cooperate with Itochu to develop the Skins brand of compression garments in mainland China and to work together on design, supply chain management and distribution. Itochu got the rights to the Skins brand for Japan, China, South Korea, Taiwan and Hong Kong eight years ago. ...
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News briefs
Vote on Dorel going private set for Jan. 12
The shareholders of Dorel Industries, the parent company of Cannondale, GT, Schwinn and other bike brands, will hold a virtual extraordinary meeting on Jan. 12 to vote on the offer by Cerberus Capital Management to take the company private at a price if C$14.50 per share. Dorel’s board of directors ...
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News briefsBata appoints Sandeep Kataria CEO
Bata Corporation, the big shoe manufacturer and retailer based in Lausanne, which is also active in the athletic footwear sector through Athletes World and AW Lab, has appointed Sandeep Kataria as global chief executive, replacing Alexis Nasard, who led the company for nearly five years. Nasard stepped down to pursue ...
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News briefs
Eurobike to take place in September 2021
The organizers of Eurobike have announced that the 29th edition of the event is scheduled to take place in Friedrichshafen on Sept. 1-4, 2021. The event will be a combined trade and public trade show. The first two days of the international bike show will be reserved for trade visitors ...
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News briefs
A new book describes Nike’s design ethos
Nike has announced the release of a book that offers a behind-the-scenes insight into the company’s design philosophy. The 320-page book, described by the brand as a “first-of-its-kind publication,” is entitled Nike: Better is Temporary and is published by Phaidon. The book’s title is drawn from a conversation between the ...
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News briefs
European sponsors bank on post-Covid recovery, but see a need for innovation
A survey conducted by the European Sponsorship Association (ESA) has shown that executives from across the European sponsorship industry are increasingly confident in the sector’s recovery from the Covid-19 crisis. The brands are most positive about the future. Rights holders and agencies, which have felt the most immediate impact from ...
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News briefs
Nike partners with iCoachKids
Nike has announced a new partnership with iCoachKids to support youth coaches. iCoachKids is a global not-for-profit coaching movement that was initiated in 2016. The movement is led by the Leeds Beckett University, the public university in Leeds formerly known as Leeds Metropolitan University, and the International Council for Coaching ...
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News briefs
New Balance plans to close Boston factory
New Balance Athletics plans to shut down its factory in Boston’s Brighton neighborhood. The move will affect 63 workers effective Feb. 5, 2021, according to a regulatory filing that was recently sent to the Massachusetts labor department. The plant is located in the same neighborhood as the company’s headquarters. The ...
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News briefs
Adidas and Vice Golf partner on a shoe project
Adidas and Vice Golf, a German brand of golf balls, have joined forces on a limited-edition golf shoe that incorporates the Adidas Boost foam-cushioning technology. The shoe is mostly white, with lime-green accents and a camouflage pattern in gray and white on the top. Vice’s logo is visible underneath the ...
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News briefs
One of Zalando’s three CEOs to step down
Rubin Ritter plans to step down as Zalando’s joint chief executive, responsible for strategy and communication. He and the company’s supervisory board will be negotiating to dissolve his contract, which was to run until November 2023. Ritter says that he will be spending more time with his expanding family and ...
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News briefs
Stone Island merges into Moncler
Moncler says it is going “beyond fashion” and “beyond luxury” through an agreement in principle to merge with Stone Island, an Italian brand of casual sportswear. It is also going beyond its roots in sports. As Moncler puts it, the two brands want to strengthen their ability to interpret the ...
