News Briefs – Page 38
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News briefsDecathlon UK taps Gordons for regulatory guidance
Decathlon UK has enlisted retail-focused legal firm Gordons to navigate regulatory complexities amid surging sales. Gordons will provide Decathlon with strategic counsel on product stewardship and consumer law, bolstering the retailer’s commitment to compliance. Decathlon was founded in France in 1976 and expanded to the UK in 1999, venturing into ...
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News briefsAdidas partners with Canopy for eco-conscious product line
In a significant move towards sustainability, Adidas has partnered with Canopy, an environmental organization, to uphold eco-conscious practices in its product lines. Adidas has aligned with Canopy’s CanopyStyle and Pack4Good initiatives, ensuring that its textiles, paper, and packaging materials are sourced responsibly, devoid of fibers sourced from forests critical for ...
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News briefsGymshark elevates Carly Natalizia to Chief Digital Officer
Gymshark has announced the promotion of Carly Natalizia to the role of Chief Digital Officer, a position newly created within the company. Natalizia, who initially joined Gymshark in 2022 as vice president of marketing, international, has steadily climbed the ranks, subsequently serving as global marketing director in 2023. Before her ...
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News briefsSwedish recycler goes bankrupt
Swedish textile recycler Renewcell has been declared bankrupt by the Stockholm District Court. The company made its filing for bankruptcy on Feb. 25. Renewcell has failed to secure the capital and liquidity to complete the strategic review it announced in November 2023 and maintain operations. It had been negotiating with ...
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News briefsATP agrees new partnership with Saudi Arabian PIF
The Association of Tennis Professionals (ATP), the global governing body of men’s professional tennis, and Saudi Arabia’s Public Investment Fund (PIF) have agreed a new multi-year strategic partnership with a focus on enhancing global tennis. Upon the terms of the agreement, PIF will become the official naming partner of the ...
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News briefsThe Paris 2024 Paralympics will benefit from record media coverage
The Paris 2024 Paralympic Games are set to be the most broadcast covered in history. Paris 2024 and the International Paralympic Committee (IPC) have confirmed that media rights holders in more than 160 countries and territories have committed to broadcasting the Paris 2024 Paralympic Games, which will start on Aug. ...
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News briefsFanatics cuts 100 jobs at commerce division
Sports licensing giant Fanatics is cutting more than 100 jobs from its commerce division, its largest unit, including workers at its Tampa, Florida, and Easton, Pennsylvania, facilities. The news was first reported by Sports Business Journal (SBJ). The cuts included VPs, directors and managers, says the report, which also stresses ...
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News briefsFootasylum’s annual sales and profits surge
British retailer Footasylum saw its sales and profits for the year to Jan. 27, 2024 surge, driven by store openings and the implementation of an omnichannel point-of-sale system. The retailer opened a 1,850-sqm flagship in London’s Oxford Street in September, among other openings. Revenues in the year rose by 7 ...
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News briefsDecathlon signs EU’s Sustainable Consumption Pledge
Decathlon has signed the European Commission’s Sustainable Consumption Pledge as part of the company’s commitment to reduce its impact on the planet. The retailer described the Sustainable Consumption Pledge as its “renewed commitment to changing the way we do business.” The Sustainable Consumption Pledge involves voluntary cooperation from businesses ...
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News briefsBeijing to host 2027 World Athletics Championships
The World Athletics (WA) governing body has revealed that Beijing, China’s capital, will be the host city for the prestigious 2027 edition of the World Athletics Championships. The decision was announced following a council meeting in Scotland, preceding the World Athletics Indoor Championships set to take place in Glasgow from ...
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News briefsReebok expands into eyewear market
Authentic Brands Group announced a new collaboration with eyewear manufacturer and distributor Mondottica Group for Reebok. Under the partnership, Mondottica will handle the design, production and distribution of Reebok-branded eyewear and sunglass products for all ages. “Through our partnership with Mondottica Group, we’re expanding the Reebok brand into the realm ...
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News briefsAdidas opens Home Of Sport concept store in Mumbai
Adidas has opened a Home Of Sport concept store in Mumbai on Linking Road with a retail space of 585 sqm over four floors, according to LinkedIn. The store has the first ever “Run Lab” in India, offers a “Made for you” zone where customers can co-create designs in collaboration ...
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News briefsAgassi joins another pickleball board
Life Time, a publicly traded holding company for athletic and country clubs and related services, has made Andre Agassi the first Chairman of its new Pickleball and Tennis Board. Company Chairman and CEO Bahram Akradi will serve on the board alongside Agassi as Co-Chairman. Source: Life Time ...
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News briefsAsics drops new Metaspeed models
Asics has launched two new models in the flagship Metaspeed series called the Metaspeed Sky Paris and the Metaspeed Edge Paris. The shoes combine Asics’ top technologies to “support runners who want to feel and perform at their best when chasing down new personal bests,“ the brand ...
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News briefsVogue to host fashion show to kick off Paris Olympics
Fashion magazine Vogue has unveiled plans for a one-off fashion show to celebrate the Paris Olympics that will bring together some of France’s leading luxury brands ahead of the sporting mega-event. The outdoor fashion show will take place in Paris’ Place Vendome on June 23, International Olympic Day, about a ...
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News briefsAccent Group to end franchise model for The Athlete’s Foot down under
Inside Retail has reported that Australia-based Accent Group, a digitally integrated retail and distribution company in the performance and lifestyle apparel and footwear market in Australia and New Zealand with more than 800 stores, 34 brands and more than 40 websites, plans to end its franchise model for The Athlete’s ...
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News briefsBundesliga club RB Leipzig moves from Nike to Puma
The German Bundesliga football club RB Leipzig is changing its kit supplier. The existing contract with US sporting goods supplier Nike, which has been in place since 2014, expires in 2024. From the 2024/25 season, German company Puma will kit out all of RB Leipzig’s men’s, women’s and youth teams. ...
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News briefsNew global marketing head at Dickies
Dickies, a VF Corp. brand, appointed Denise Anderson as VP, Global Marketing. Anderson joins from another VF Corp. brand, Smartwool, where she has spent the last 9 years in varying marketing and creative roles, including the last 4 years leading Global Brand Marketing and Creative Design. She has over 20 ...
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News briefsDecathlon partners with the Madrid Padel Federation
Decathlon has announced a partnership with the Madrid Padel Federation (FMP) to promote the sport. The new agreement offers those who have never been registered the possibility to enroll free of charge in the federation, at the national level, for 2024. The two entities will also jointly organize a series ...
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News briefsEl Corte Inglés shuttering its sportswear banner
El Corte Inglés will be closing down its Sportown banner, which is devoted to sportswear, on Feb. 29, according to CMDsport. The reason is the failure to meet sales targets. The first Sportown stores, covering some 350 sqm apiece, opened in 2009 in major Spanish cities. There are, at present, ...
