News Briefs – Page 341
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News briefs
Australian cotton production is being heavily affected by fires and…
Australian cotton production is being heavily affected by fires and drought. Analysts at Rabobank suggest that production for the 2019/20 period, estimated at 735,000 bales, will be the lowest in more than a decade, with a 16 percent drop from 2017/18 production. Queensland and central New South are the hardest ...
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News briefs
The Adidas Group announced the completion of the second tranche...
The Adidas Group announced the completion of the second tranche of a €3.0 billion share buyback program initiated in March 2018 and running through May 2021. It has purchased sofar €1.8 billion worth of its own stock and plans to buy up to €1.0 billion in 2020. In the second ...
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News briefs
Without confirming a report that the Adidas Group is phasing...
Without confirming a report that the Adidas Group is phasing out 500 jobs in Europe, a spokesman said that it is adapting its organizational structures and processes to become more efficient, looking also for new talent for its digital business. All in all, he indicated, the European staff will remain ...
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News briefs
Johan Ryding, the chief executive of Sportamore, says he has...
Johan Ryding, the chief executive of Sportamore, says he has sold 16,000 shares in the Nordic sports e-tailer, representing less than 5 percent of his holdings, for personal financial reasons. Sportamore's sales rose by 17.4 percent to 252 million Swedish kronor (€24.2m-$21.8m) in the third quarter, leading to an operating ...
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News briefs
Symphony Holdings has completed the acquisition of the global trademarks...
Symphony Holdings has completed the acquisition of the global trademarks and patents of Skins, the Australian apparel manufacturer. In January 2019, Skins filed for bankruptcy in a Swiss court, blaming the global financial crisis for the situation that had led to its own excessive debt. The brand, founded in Australia ...
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News briefs
The American unit of Slinger Bag, the company that is...
The American unit of Slinger Bag, the company that is launching a new, innovative, portable tennis ball launcher (SGI Europe Vol. 30 N° 13+14 of Apr. 13, 2019), has become a public company trading on the over-the-counter market in the U.S. as SLBG. This was made possible through a $332,239 ...
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News briefs
Zalando is selling Kickz, its sub-e-tailer for sneakers, street apparel...
Zalando is selling Kickz, its sub-e-tailer for sneakers, street apparel and accessories. The acquirer is Play Hard, a recent subsidiary of Crealize, described as a German “company creator” that “develops new business models and companies.” Zalando purchased Kickz as recently as 2017, intending to expand its position in streetwear, gaining ...
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News briefs
Ecco is expanding its head office in Denmark. A new...
Ecco is expanding its head office in Denmark. A new building of 2,400 square meters is set to become operational in 2020 across from the Ecco Conference Centers to house up to 100 employees involved in global marketing and other activities, plus three test shops.
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News briefs
Creating an interesting new position after disappointing results, Asos has...
Creating an interesting new position after disappointing results, Asos has appointed a “chief growth officer,” responsible for driving profitable growth and integrating marketing efforts with strategic planning, analytics and customer experience. The new role, which became effective on Dec. 3, has been assigned to Robert Birge. He will report directly ...
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News briefs
Bookman, a Swedish company that offers functional headlights, bike lights...
Bookman, a Swedish company that offers functional headlights, bike lights and reflectors under the Bookman Urban Visibility label, has received an injection of SEK3.5 million (€330,000-$370,000) from three Swedish investors including Stefan Ytterborn, the founder of Poc Sweden. Founded in 2011 in Stockholm by Victor Kabo and David Axelsson, Bookman ...
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News briefs
Hyosung has begun commercial operation at its first spandex plant...
Hyosung has begun commercial operation at its first spandex plant in India. The facility, which occupies about 400,000 square meters, is located in the Auric industrial complex near Aurangabad, in the state of Maharashtra. It has an annual production capacity of 18,000 tons of spandex. Hyosung began operations in India ...
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News briefs
Adidas has reportedly promoted Jon Wexler, the current vice-president of...
Adidas has reportedly promoted Jon Wexler, the current vice-president of global entertainment and influencer marketing, to general manager of the Yeezy business unit. For the last 13 years, Wexler has helped Adidas set up some of the brand's biggest collaborations with major music stars, including Kanye West and Pharrell Willliams.
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News briefs
Ulrik Schultz will resign at the end of this year...
Ulrik Schultz will resign at the end of this year as chief executive of Bonvita, the Danish distributor, which also owns the growing Bundgaard label of children's shoes. The group's chief commercial officer and main owner, Herik Hammer, will become the new CEO. He will also take over the management ...
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News briefs
Javan Bunch is leaving the Rockport Group after about one...
Javan Bunch is leaving the Rockport Group after about one year in the position of president. Bunch, who previously led Donald J. Pliner, has been reporting to Gregg Ribatt, who was appointed chief executive of Rockport after its takeover in August 2018 by Charlesbank Capital Partners. In addition to the ...
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News briefs
Bollé Brands has promoted Luca Zangrandi as sales director for...
Bollé Brands has promoted Luca Zangrandi as sales director for Europe, handling the optical and sports retail channels for the company's brands – Bollé, Serengeti and Cébé – in the markets of Italy, France, Spain, the U.K., Germany and Austria. The company says his promotion follows excellent results reached by ...
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News briefs
Stephan Drake, who founded DPS Skis together with Peter Turner...
Stephan Drake, who founded DPS Skis together with Peter Turner in 2005, left the company this fall. Now serving as president and chief executive is Alex Adema, who has been the chief operating officer of the Utah-based ski company since 2015. The reasons for Drake's departure from the company have ...
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News briefs
The board of directors of Viking Outdoor Footwear has appointed...
The board of directors of Viking Outdoor Footwear has appointed René Høgsted as the company's new chief executive. He is expected to take up his new position on Jan. 1, 2020. The 46-year-old brings a wealth of experience in sales, marketing, e-commerce, branding, product and management in strong retail and ...
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News briefs
Pretty Green has entrusted the distribution of its brands in...
Pretty Green has entrusted the distribution of its brands in Europe to Tree Distribution of Stuttgart, after a long partnership. The German company will take are of Pretty Green's brands – Nikita, Bonfire and Sessions – starting with the sell-in for the autumn/winter 2020/21 season.
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News briefs
Descente opened a new showroom at the MTC World of...
Descente opened a new showroom at the MTC World of Fashion in Munich, Germany. The Japanese brand, outfitter of the Canadian and Swiss Ski World Cup teams, returned to the German marketplace for the first time in years at Ispo Munich 2019. The country manager is Lothar Heinisch, who previously ...
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News briefs
Amplifi, the German brand for snow, bike and outdoor protectors...
Amplifi, the German brand for snow, bike and outdoor protectors and accessories based in Oberstdorf, has brought in a new sales team for Austria, Germany and Benelux, starting with products for autumn/winter 2020/21. Amplifi's move is said to be meant to ensure the best possible service for customers, both B2B ...
