News Briefs – Page 286
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News briefs
EU to rule on Fitbit’s takeover in 2021
The European Commission’s anti-trust authorities are no longer expected to complete their Phase Two review of Google’s proposed acquisition of Fitbit by the end of this year, as previously reported. According to CTFN, the American information service on mergers & acquisitions, it will rule on the issue on Jan. 8 ...
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News briefs
Dior launches a ski line with Descente and other partners
For the launch of its first men’s capsule ski collection, Dior is opening a pop-up shop in the SoHo neighborhood of New York City, specifically at 109 Greene Street. Other pop-ups – in Osaka, Japan, for instance – will open during the month of November. The New York shop, operating ...
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News briefs
Austria is now fully covered by Recco’s search technology
Recco, the Swedish rescue technology company, reports that Austria is the first country in the world to fully cover its entire territory with its RECCO SAR detectors. Searches will be carried out jointly by the Austrian Air Police (BMI) and the Austrian Mountain Rescue Service (ÖBRD). The detectors are placed ...
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News briefs
Peak Performance has more women than men in its management team
Peak Performance has accomplished the milestone of having more women than men in its management team with two recent key hires under the direction of Sara Molnar, who was promoted to the role of president and chief executive shortly after Amer Sports acquired the Swedish sports apparel brand in the ...
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News briefs
Fishing craze lifts Globeride
Globeride, the Japanese company that owns the Daiwa brand, has benefited from the popularity of fishing in Japan, as people looked for activities that can be practiced while respecting social distancing guidelines. Its net income for the second fiscal quarter ended Sept. 30 soared by 65 percent to ¥2,051 million ...
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News briefs
Deporvillage sees a run on indoor cycling
Like many other retailers of sporting goods, Spain’s Deporvillage has experienced a run on fitness items with the onset of new Covid-19 lockdowns and a good autumn/winter season. Stationary bikes have been difficult enough to keep in stock, but never in its decade-long history has the e-tailer seen such demand ...
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News briefs
Yonex declines in Europe and the U.S.
Yonex, the Japanese brand of racquet and golf products, saw its revenues decline by 19 percent to ¥13,893 million (€111.8m-$130.9m) in the second fiscal quarter ended Sept. 30. Europe fell by 57 percent to ¥234 million (€1.9m-$2.2m), as many sports facilities remained closed over the pandemic. Badminton sales declined across ...
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News briefs
JD may be serious about Debenhams
JD Sports Fashion has reportedly entered exclusive negotiations for the acquisition of Debenhams, the struggling British department store chain, with FRP and Lazard, which are advising the bankrupt company’s receivers. According to the reports, JD is particularly attracted by Debenhams’ website and the locations of some of its 124 stores, ...
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News briefs
Slinger Bag enters India, names media advisor
Slinger Bag, the innovative marketer of portable ball launchers, continues its international drive with a five-year distribution agreement for the Indian market with Racquets4U, a fast-growing specialist e-tailer that is said to be highly rated for the comprehensive marketing and grassroots programs it conducts to help grow the sport of ...
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News briefs
Puma opposes Fifa’s World Cup trademark
We are often confronted with the use of the term “World Cup” for both ski and football tournaments, but we regularly add the name of the organizer. The Wild Cat has now filed an opposition with the U.S. Patent & Trademark Office (USPTO) to an attempt to legalize the use ...
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News briefs
Oberalp will distribute Falke and Burlington in Italy
The Oberalp Group will take over the distribution of Falke and Burlington for the Italian market from January 2021, raising the number of distributed brands to nine. It may also obtain the distribution of these two brands of socks in other European countries. Founded in 1981 by Heiner Oberrauch, the ...
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News briefs
Stöckli wants to facilitate ski rentals in Switzerland
Stöckli Swiss Sports will equip its retailer partners in Switzerland with a rental system software developed by an Austrian company, Axess. The Swiss producer claims that this will enable ski rental stores to provide faster service, especially in times of Covid-19, but also there after. As a first step, Axess ...
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News briefs
HeiQ Viroblock wins the Swiss Technology Award 2020
HeiQ has won the first prize in the Swiss Technology Awards 2020 for its antiviral textile technology HeiQ Viroblock. The technology offers durable surface protection against viruses including SARS-CoV-2, sanitization and disinfection for porous surfaces such as textiles. It was developed in record time and launched on March 16, two ...
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News briefs
Nike raises its dividend by 12%
Despite the coronavirus crisis, which has led other companies forego or reduced their dividends to preserve their liquidity, Nike has announced a 12 percent increase in its quarterly dividend to $0.275 per share, payable on Dec. 29 to shareholders of record on Dec. 7. It is the 19th consecutive year ...
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News briefs
Jay-Z and Novak Djokovic join CLMBR’s team
The musician Jay-Z and the tennis star Novak Djokovic have joined the investment team of CLMBR to support next year’s launch of the CLMBR Connected and CLMBR Pure vertical climbing machines for fitness training. Both machines have touch screens, an audio system and a tracking app to deliver on-demand, instructor-led ...
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News briefs
U.K. still hungry for golf, despite Coronavirus
The provisional results of a review by Sports Marketing Surveys (SMS) of 80 golf courses in the U.K. suggest that rounds played in England, Scotland and Wales during October were up by 65 percent year-on-year. The research firm, which covers some 200 golf courses in the region, will be releasing ...
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News briefs
On releases “genre-bending” limited collection
On Running has continued its diversification into clothing with the launch of Clubhouse, a 10-piece “genre-bending” capsule collection for tennis and the street. Each piece, however, is limited to a run of 200. The collection is available at the Swiss brand’s e-commerce website. The brand had previously launched a lifestyle-oriented ...
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News briefs
Nike, Hydrow make Time magazine’s inventions list
Time magazine has included the Nike Air Zoom Alphafly Next% distance-running sneaker in its list of the ”100 Best Inventions of 2020” under the Fitness category. The Kenyan distance runner Eliud Kipchoge was wearing a variant of the Alphafly when, in September 2018, he became the first human being to ...
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News briefs
Richard Collier will lead Jack Wolfskin
Richard Collier will leave Helly Hansen to be the new chief executive officer of Jack Wolfskin, effective Dec. 1. In this function, the 47-year-old Briton will be responsible in particular for the continued development of the strategic brand positioning and the further internationalization of the German brand, which was acquired ...
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News briefs
Lululemon has a new CFO and a new director, both female
Lululemon has promoted Meghan Frank to chief financial officer. She is the first woman to hold the post at the apparel brand. Frank has been serving since April as interim co-CFO alongside Alex Grieve, Lululemon’s vice president and controller. Frank began her career as an associate with Wainwright Investment Counsel ...
