News Briefs – Page 32
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News briefs
Lululemon and Samsara Eco debut enzymatically recycled anorak
Source: Lululemon Lululemon is launching its first product made with enzymatically recycled polyester. Lululemon has unveiled its inaugural product crafted from enzymatically recycled polyester, signaling a significant leap in sustainability efforts. The Packable Anorak, a limited edition release, represents the culmination of a multi-year collaboration with Australian ...
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News briefs
Riddell acquires helmet tech R&D company
New York-based Evome Medical Technologies Inc. has reached an agreement with EB Sports Corp., the parent company of Riddell Sports Group to sell Evome’s R&D business unit Simbex LLC for approximately $4.83 million in cash. The proceeds will be used to pay down Simbex debt and reduce Evome’s acquisition debt ...
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News briefs
Fabletics and Khloé Kardashian drop third collection
Khloé Kardashian and California-based activewear brand Fabletics have launched a new collection of compression swimwear. It is named Khloe V3 to reflect the number of total product lines released from the brand’s collaboration with the celebrity. The mother-of-two’s new collection includes 26 limited-edition pieces, which Kardashian describes as “perfect for ...
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News briefs
Burton wins in next instance against Koroyd
Following a 26-month legal battle over a patent related to the shock-absorbing WaveCel technology, Burton has announced in a press release that a German court has ruled that Koroyd’s patent No. EP 1694 152 B1 is invalid in Germany. Koroyd may appeal the decision. In the fall of 2022, Koroyd ...
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News briefs
Centerline Athletics debuts line, partners with pro pickleball player
Centerline Athletics, a new player in the performance apparel market, recently launched its line, targeting both men and women. The brand kicked off with a strategic partnership with Thomas Wilson, a Top 10 Pro Pickleball Association (PPA) athlete. Centerline Athletics says it distinguishes itself with its innovative Griptek technology, promising ...
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News briefs
Court dismisses lawsuit against Nike for greenwashing
A lawsuit against Nike in Missouri has been dismissed by the court following allegations that the company’s Sustainability Collection misled consumers about its use of sustainable materials. The lawsuit, filed by Maria Guadalupe Ellis in May 2023, claimed that Nike violated the Missouri Merchandising Practices Act. According to Ellis, Nike ...
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News briefs
VF Corp. plans to open 300 stores in expansion strategy
VF Corp. is restructuring its distribution strategy to tap into underexploited markets, particularly in Southeast Asia, the Middle East, and North Africa. Expanding its existing partnership with retail conglomerate GMG, VF Corp. plans to open 300 stores across these regions for brands like Vans, The North Face and Timberland within ...
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News briefs
Liberty Media announces acquisition of MotoGP
US-based mass media company Liberty Media Corporation, the owner of Formula 1, has announced an agreement to acquire MotoGP, the pinnacle of motorcycle racing with more than 20 Grands Prix across five continents. Liberty Media’s businesses are attributed to three tracking stock groups: the Liberty SiriusXM Group, the Formula One ...
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News briefs
Orange balls can lead to better scores, suggests new Irish study
A recent study has shed light on the potential benefits of using orange golf balls over white golf balls. The study, funded by golf ball maker Seed Golf, found that orange golf balls improve the scores of golfers of all abilities compared to traditional white golf balls. The white paper, ...
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News briefs
IOC announces Looney Tunes licensing deal
The International Olympic Committee (IOC) has announced a global licensing agreement with Warner Bros. Discovery Global Consumer Products (WBDGCP) that will see Looney Tunes characters featured in a collection of official Olympic-licensed products. Well-known characters like Tweety, Bugs Bunny, Lola Bunny, Daffy Duck and Wile E. Coyote will now feature ...
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News briefs
Boardriders is laying off more employees in California
Boardriders is dismissing 464 more workers in California, according to a notice dated Feb. 1, filed with the California Employment Development Department in compliance with the federal Worker Adjustment and Retraining Notification (WARN) Act and the California WARN Act. In the document, the company explains that the reduction is due ...
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News briefs
Macron confirms double-digit sales growth in 2023
Italian sportswear company Macron posted consolidated turnover of €196.6 million for financial year 2023, representing an increase of 15.7 percent compared to 2022. All its three main lines of business recorded double-digit growth: Teamwear (+21 percent), Individual lines (+23 percent) and Pro Clubs (+11 percent). Pro forma Ebitda of €33.8 ...
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News briefs
FSG sells off consultancy
Fenway Sports Management Group (FSG) – owner of, among other things, Liverpool FC and the Boston Red Sox – has sold off its Consulting Group to the Brand division of Elevate, a consultancy founded in 2018 and headquartered in Charlotte, North Carolina. The Fenway consultancy’s BriAnne Newman is now Elevate ...
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News briefs
Authentic Brands Group nears deal to acquire Champion?
After months of anticipation, it appears that Hanesbrands, Inc.’s Champion brand is on the verge of being acquired by Authentic Brands Group (Authentic). According to a source familiar with the negotiations, reported by Women’s Wear Daily (WWD), Authentic has emerged as the winning bidder in the sale process, with the ...
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News briefs
Peak Ski Company names Alex Ford Director of Operations
Peak Ski Company has announced the promotion of Alex Ford to the position of Director of Operations. Ford, who previously served as Operations Manager, has been a part of the company since its inception in April 2022. Before joining Peak Ski, he held the position of Operations and Production Manager ...
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News briefs
UEFA opens bidding for women’s soccer gear rights
UEFA has initiated a tender process to secure rights for match balls and apparel exclusively for its women’s competitions throughout the 2025-2030 period. Included in this cycle are five editions of the UEFA Women’s Champions League, the 2029 Women’s European Championship and various age-group tournaments. The tender process will kick ...
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News briefs
Siux expanding abroad fast
Between last year and this first quarter of 2024, the pádel brand Siux has entered 35 countries – 18 of them in Africa and ten in Asia. So explains Alfonso Torrón, Brand Manager, who has spoken with Palco23. The list includes Siux’s first locations in Oceania. The brand entered Japan ...
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News briefs
EGYM acquires Hussle
Fit tech company Egym has acquired Hussle, a prominent corporate wellness platform in the UK, and integrated it into Egym Wellpass, its corporate fitness network. Through this integration, Egym Wellpass now grants employers access to a vast network of over 1,500 gyms, pools and spas across 96 percent of UK ...
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News briefs
Frasers Group appoints David Al-Mudallal to board
Frasers Group reportedly appointed David Al-Mudallal, Chief Operating Officer, to its board of directors. Al-Mudallal confirmed the news on LinkedIn and expressed pride in joining the board as an executive director to further the company’s growth and ambitions. Starting as head of talent for Sports Direct in 2017, Al-Mudallal later ...
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News briefs
Germany’s kit controversy: Adidas halts jersey customization
Once again, Germany is embroiled in a debate over its national football team’s kit. This time it’s about the back numbers.