News Briefs – Page 329
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News briefs
China limits basketball event
China has resumed the restrictions on team sports just as the Chinese Basketball Association (CBA) was expected to return play in early April. The CBA season was originally shut down in January in connection with the Covid-19 pandemic.
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News briefs
Acushnet withdraws guidance
Acushnet said it is withdrawing its guidance for this year’s results, while drawing down $200 million under its revolving credit facility to cope with the impact of the coronavirus epidemic in Europe and North America. The company said that its sales in South Korea and Japan have started to recover ...
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News briefs
Brooks offers support for retailers during crisis
Brooks Sports is offering to its retailer partners the option to send ordered products directly to their customers during the current coronavirus crisis, which has led to the closing of many stores worldwide. Retailers receive 100 percent of the price paid by the customers, and Brooks takes care of the ...
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News briefs
Rapala approves share buyback
The annual meeting of Rapala VMC approved on March 26 a proposal that no dividend will be distributed for 2019. It also authorized the board to repurchase up to two million own shares, corresponding to less than 10 percent of its equity until June 30, 2021.
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News briefs
Bollé Brands hires digital director
Bollé Brands continues to boost its management. The holding company for Bollé, Bollé Safety, Serengeti, Cébé, H2Optix and Spy Optics eyewear.has appointed Damien Hars as digital director, responsible for the development of their B2B and B2C online sales platforms worldwide. Hars previously worked for the Rossignol Group, responsible for the ...
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News briefsIspo increases its focus on eSports
Following the cancellation of OutDoor by Ispo, the Ispo Group is now increasingly focusing on the digital sector including eSports. Ispo started supporting digital sports competitions in 2018, and this segment has developed from niche to mainstream in only a few years. Under the umbrella of Ispo Digitize, Ispo’s efforts ...
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News briefsVibram pays a 2019 bonus as a positive signal
Like many other companies, Vibram has been hit hard by the current Covid-19 pandemic. Both the research center and production at the Vibram Tech Center in Guangzhou, China, were closed for almost 10 weeks and are now operating at about 80 percent capacity. The production site in Albizzate, near Milan, ...
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News briefs
Boardriders acts to mitigate coronavirus impact
After being downgraded by a couple of rating agencies (SGI Europe Vol. 31 N° 9+10), the management of Boardriders announced a series of actions to lower the impact of the Covid-19 outbreak on its finances. It said that it was pausing a range of business activities, reducing the related costs ...
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News briefs
Management changes at Eastpak and Kipling
VF Corp. saw a number of management changes on April 1. Nina Flood, until now president of Kipling Americas, left to become president of another VF brand, Eastpak. Settling in Antwerp, Belgium, Flood now has charge of the backpack brand’s marketing and sales operations and is reporting to Martino Scabbia ...
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News briefs
Wimbledon is cancelled
The 134th edition of the legendary Wimbledon tennis tournament has been cancelled due to the ongoing coronavirus pandemic. This year’s edition was due to take place from June 29 to July 12. The tournament’s leadership has decided not to reschedule the event this year. The next edition of the championships ...
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News briefs
Kathmandu launches an equity increase
Kathmandu is raising additional funds, for a total of NZ$ 207 million (€112.5m-$121.3m) through a series of placements with institutional and other shareholders, offering 1.2 shares for each share in their possession. Institutional shareholders have already taken up 96 percent of their entitlements under a first tranche that ended on ...
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News briefs
Courir CSR contest
Courir, the French sneaker retailer previously owned by the Go Sport Group, has launched a new edition of its creative contest on the theme of eco-responsibility. Participants can submit projects that revolve around two specific topics: 1) sustainability; and 2) the aesthetical dimension of their original creation. The projects can ...
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News briefs
Hoka One One Frodo
Hoka One One, a division of Deckers Brands, has announced a multi-year sponsorship deal with Jan Frodeno, the triathlon legend known as “Frodo.” The German athlete will wear the brand’s high-performance footwear for the next three seasons. Frodeno, who is 38 years old, won the gold medal in men’s triathlon ...
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News briefs
Mizuno appoints new country manager for Germany and Austria
Mizuno, the Japanese sporting goods manufacturer, has recently appointed Christian Wiesender as country manager for Germany and Austria. In this function, he will not only support existing customers, but also promote the company’s sales strategy and brand communication in both markets. Wiesender will work closely with Jean-Paul von der Linden, ...
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News briefs
Milliken scales up U.S. production of BioSmart fabric
Milliken & Company, the new owner of Polartec, has increased U.S. production of its BioSmart fabric, a patented bleach-activated technology that uses the power of readily available chlorine bleach to kill 99.9 percent of bacteria and viruses. With the increased need for medical protective clothing during the ongoing corona crisis, ...
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News briefsNew anti-virus treatment from Polygiene
Polygiene announced the launch of a new product called ViralOff. According to the Swedish specialist in freshness and odor control technologies, over 99 percent of the viruses on a garment treated with ViralOff are killed within two hours. All viruses so far tested according to the ISO18184:2019 standard - from ...
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News briefs
Snowleader is Capital magazine’s best outdoor buying experience
Snowleader appears for the third year in a row in Capital magazine’s third annual ranking of France’s 600 best buying experiences online. Scoring 8/10, the French e-tailer came in first in the outdoor category, ahead of Hardloop and Campz. To establish the list, Capital called on the market researching firm ...
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News briefs
Umbro opens e-commerce shop in Italy
In keeping with its overall digitalization, Umbro has just expanded its e-commerce operations to Italy. According to its social media manager, Marina Amoruso, Italy is a key market for Umbro. To launch this e-tail shop, the British sportswear brand established a partnership with an enterprise cloud commerce platform called Kooomo, ...
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News briefs
Base Detall Sport parts ways with its general director
According to the Spanish trade magazine CMDsport, Base Detall Sport will be “doing without” its general director of five years, Alex Cucurull, so as to “follow through on” and even expedite the strategic plan developed by its board of directors in consultation with the company’s management and commissions as well ...
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News briefs
Rossignol and Julbo / Fourcade
Rossignol and Julbo will continue to partner with Martin Fourcade, despite his surprise retirement announcement in mid-March. According to reports in sport-guide.com, the French biathlete and five-time Olympic champion has signed a three-year extension of his contract with Rossignol. Julbo also told sport-guide.com that it will further extend its long-standing ...
