News Briefs – Page 324
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News briefs
Clarus cancels SKB’s takeover, replaces dividend with shares
Clarus Corp., the American holding company of Black Diamond Equipment and other operations, said it has cancelled its planned acquisition of an American case maker, SKB, by mutual agreement with the sellers as a result of the uncertainties created by the coronavirus pandemic. Clarus would have had to pay $85 ...
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News briefs
Dakine closes its head office
Citing the “significant pressure and the financial and operational impacts” caused by the Covid-19 pandemic on Dakine’s business, Marquee Brands said it has decided to close down its Hood River headquarters in Oregon and to move its remaining operations to the office of JR286 in Torrence, California. The move will ...
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News briefs
XXL slims down its staff
XXL announced on May 5 that it has decided to initiate a process to reduce the workforce at its headquarters in Norway by around 25, about 20 percent of the employees. Formal procedures for potential dismissals are about to be launched in Sweden and Finland. The Nordic sporting goods retailer’s ...
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News briefs
On opens its biggest store in a Zurich department store
On Running, the Swiss brand of running shoes, has expanded its sales area at Jelmoli, Switzerland’s largest department store, which is more like a shopping mall of more than 4,000 square meters with concessions, located on Zurich’s prestigious Bahnhofstrasse, close to the central railway station. The On store in the ...
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News briefs
Allbirds introduces its first running shoe
Going in the same direction as Veja, the French brand of sustainable footwear that launched its first running shoes at the Ispo show in Munich earlier this year, Allbirds, the brand that focuses on environment-friendly footwear, has now released its first running shoe. The Tree Dasher is made from sugarcane, ...
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News briefs
Canada Goose partners with bluesign
Canada Goose has announced its commitment to reach 90 percent bluesign approved fabrics by 2025. The pledge is part of the Canada Goose’s Sustainable Impact Strategy. The brands who commit to being a bluesign system partner have their supply chain thoroughly assessed to ensure that their products and processes meet ...
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News briefs
Nike releases its first indoor cycling shoe
Nike is launching its first indoor cycling shoe, at a time when an unprecedently large number of people are working at home. The SuperRep Cycle is the newest release from the Nike SuperRep footwear family, which also includes the Air Zoom SuperRep and the SuperRep Go. The new Nike SuperRep ...
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News briefs
JD doesn’t want Kate Smith at Boohoo
JD Sports Fashion has blocked the nomination of Kate Smith as a non-executive director of a rather successful British e-tailer, Boohoo. The big British sports and outdoor retailer didn’t say why it was withholding its consent, but one reason seems to be the fact that Boohoo has been developing strongly ...
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News briefs
Intersport España reports 500% increase in online sales for April
Intersport España, which reopened its e-commerce site on March 21, has just announced a 500 percent year-on-year increase in online sales for the month of April. The Covid-19 quarantine has catapulted the home fitness category to the forefront. Yoga mats, fitness bands, chin-up bars, dumbbells and the like accounted for ...
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News briefs
Gerson returns as president of Speedo North America
Pentland Group has announced Jim Gerson’s return as president of Speedo North America, effective June 1. The announcement comes on the heels of Pentland’s acquisition of the Speedo North America business from PVH Corp. in early April. Gerson previously held that role, from 2010 to 2016. Prior to that, he ...
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News briefs
Forbes declares Kanye West a billionaire
Forbes has declared Kanye West a billionaire. The American financial magazine attributes the American rap singer’s success chiefly to the Yeezy brand of footwear and apparel, which is developed and marketed in collaboration with Adidas. Forbes featured West on the cover of its issue for Aug. 31, 2019, but had ...
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News briefs
Northwave appoints new country manager in Germany
Andreas Kiesewetter, 43, is taking the place of Uwe Schlager at Northwave as country manager for Germany and Austria. Kiesewetter has worked for the company’s German subsidiary for five years.
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News briefs
Intersport and Decathlon offer drive-in click & collect
Both Intersport and Decathlon have set up a form of “drive-in click and collect” service in France, calling it simply “drive.” Customers place their order online and collect the merchandise in the parking lot of their local store, receiving it directly at their car with maximum distancing. Intersport, which reopened ...
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News briefs
Intersport reports rising online sales in Germany
Intersport Germany has announced that about two-thirds of the customers who have a made a purchase on its online store in the last couple of weeks made another purchase at a later point. About 370 affiliated retailers are already connected to the platform, achieving sales in a range around €50 ...
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News briefs
Macron is new kit sponsor of Tigers Tübingen
Macron is the new technical sponsor of the Tigers Tübingen, a German basketball team that plays in the 2 Basketball Bundesliga. The Italian sportswear company will provide the team with all their technical apparel as well as a line of merchandising products. The agreement will be effective at the beginning ...
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News briefs
Callaway issues convertible notes
(Updated) Callaway Golf Co. increased its planned private offering of convertible notes on April 30, adding that they will yield an annual interest of 2.75 percent. By May 4, qualified institutional investors will be able to purchase $225,000,000 worth of senior notes maturing in 2026. They may be granted an ...
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News briefs
S&P downgrades Wolverine
Standard & Poor’s downgraded its ratings for Wolverine Worldwide’s debt and unsecured notes because of the likely impact of Covid-19 on its results. While the digital channel now represents about 30 percent of the group’s revenues, S&P forecasts that orders placed by its wholesale clients could drop by as much ...
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News briefs
Iconix sells Umbro China for $62.5m
The Iconix Brand Group has agreed to sell its equity in Umbro China to HK Qiaodan Investment, generating cash of $62.5 million in the transaction, which is expected to close on or before Sept. 15. Umbro China is currently owned by a subsidiary of Iconix in Luxembourg. The deal covers ...
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News briefs
Lenzing and Palmers will make 25 million masks per month
Joining forces, Lenzing and Palmers Textil, an Austrian producer of lingerie, have set up Hygiene Austria, a company for the production of high-quality protective masks for the domestic (Austrian) and European markets. After investments of several millions of euros in a modern factory at Wiener Neudorf, the production and sale ...
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Customs seize 1,300 pairs of fake sports shoes
Customs officials in Hamburg have confiscated and destroyed over 1,300 pairs of fake branded sports shoes. They were found together with so-called ”no-name products” in a sea container that arrived from China on Feb. 20. Without revealing the brand names, the officials said they found about 400 different shoe models ...
