News Briefs – Page 443
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News briefs
Hoka One One continues to invest heavily in sponsorships. It...
Hoka One One continues to invest heavily in sponsorships. It has just signed on as the official running shoe for Ironman North America and Ironman Europe. Meanwhile, Franco Collè, the Italian ultrarunner who won the Tor Des Géants race in 2014, has joined Hoka One One's team of sponsored athletes.
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News briefs
Kasper Rorsted, chief executive of the Adidas Group, has agreed...
Kasper Rorsted, chief executive of the Adidas Group, has agreed to be one of the speakers at the Ispo Digitize Summit, the event organized by Messe München in June around the digital economy. Other confirmed speakers include Günther Althaus, chief executive of the ANWR Group, Philipp Roesch-Schlanderer, co-founder and chief ...
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News briefs
The Bright show, regarded as the leading European trade show...
The Bright show, regarded as the leading European trade show for streetwear, sneakers and skateboarding, which was acquired by the Premium Group in July 2015 and is held at the Arena Berlin fairgrounds, has restructured its management team. Katharina Schreiber and Dennis Scholz, both active skateboarders who are said to ...
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News briefs
The new European Cup of Padel Clubs, or Euro Padel...
The new European Cup of Padel Clubs, or Euro Padel Cup, will make its debut on Nov. 9-11 in Paris, at Casa Padel. The tournament is organized by AECP, the European Association of Padel Clubs, based in Toulouse, France. The new event is to promote the sport across the continent ...
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News briefs
For the fifth consecutive year, Stormberg is ranked among the...
For the fifth consecutive year, Stormberg is ranked among the top three sustainable businesses in Norway. The ranking is based on the Sustainable Brand Index, which is the largest Nordic brand study on sustainability, based on consumer assessment of 225 Norwegian businesses. Stormberg came in third place, increasing its score ...
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News briefs
The European Union (EU) has voted to clarify regulations on...
The European Union (EU) has voted to clarify regulations on nanomaterials, a move that is expected to reinforce the action against the presence of hazardous chemicals in clothing, textiles and footwear. At the Reach (Regulation on Registration, Evaluation, Authorisation and Restriction of Chemicals) Committee meeting in Helsinki on April 26, ...
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News briefs
Adidas and Reebok top the 2018 edition of the Fashion...
Adidas and Reebok top the 2018 edition of the Fashion Transparency Index, which reviews and ranks global fashion and apparel brands and retailers based on how much information they disclose about their value chain and its social and environmental impact. The Index, issued by Fashion Revolution, was first launched in ...
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News briefs
Walter Fink, former owner of the German Fink Schuhe +...
Walter Fink, former owner of the German Fink Schuhe + Sport retail chain of 60 shoe and sporting goods stores, passed away at the age of 87. Born in 1930, Fink joined his father's shoe retail store in 1960. He focused on the expansion of the company before he left ...
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News briefs
Spy has announced the passing of Seth Hamot, its former...
Spy has announced the passing of Seth Hamot, its former chief executive. Hamot died on March 22, after a long battle against lymphoma. He served as chairman of Spy's board of directors and chief executive from 2015 until late 2017. In Nov. 2017, Fir Geenen, an active member of Spy's ...
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News briefs
Kevin Plank, founder and chief executive of Under Armour, had...
Kevin Plank, founder and chief executive of Under Armour, had his annual salary cut to $2 million last year from $8.6 million in 2016 because of the company's worse-than-expected performance. He has also given up a stock-based compensation of about $2 million.
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News briefs
VF Corp. has completed the acquisition of Icebreaker, which had...
VF Corp. has completed the acquisition of Icebreaker, which had sales of about $220 million last year. It plans to combine the brand with Smartwool to create a global distribution footprint in the nature fiber market. The plan for the market positioning of the brand has yet to be worked ...
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News briefs
Nike has announced the acquisition of Invertex, a computer vision firm...
Nike has announced the acquisition of Invertex, a computer vision firm based in Tel Aviv, Israel. Nike said the move is part of the ongoing strengthening of its digital technology platforms. The terms of the deal have not been disclosed. Invertex produces mobile applications that can analyze the body in 3-D. ...
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News briefs
Adidas is boosting its plans for the expansion of Adidas...
Adidas is boosting its plans for the expansion of Adidas North America's campus in Portland, Oregon. It will expand it by 425,000 square feet instead of the originally planned 200,000 sqft. extension. Overlooking the Columbus River, the campus currently hosts 1,700 employees squeezed into 365,000 sqft. of office space. It ...
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News briefs
LVMH is going for sneakers. The world's largest luxury goods...
LVMH is going for sneakers. The world's largest luxury goods company is reportedly eyeing a possible investment in Stadium Goods, an exclusive American online retailer for “authenticated” sneakers that has been collaborating with the likes of Supreme and Off-White, the company founded in 2013 by Virgil Abloh, the 37-year-old designer ...
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News briefs
Pou Chen Corp. has cancelled a plan to take Pou...
Pou Chen Corp. has cancelled a plan to take Pou Sheng International private in a deal that values the Chinese distribution and retail company at $1.4 billion due to opposition by its shareholders. Under the original plan, Pou Chen's subsidiary, Yue Yuen Industrial (Holdings), would have sold its 62 percent ...
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News briefs
Invista's apparel and advanced textiles (A&AT) division has signed a...
Invista's apparel and advanced textiles (A&AT) division has signed a memorandum of understanding to build a new textile innovation center in Foshan, China. The facility will feature textile processing equipment for knitting and weaving as well as equipment for garment engineering, analytic testing and fabric certification. It will also include ...
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News briefs
Keola, the Dutch manufacturer of e-bikes, has inaugurated a new...
Keola, the Dutch manufacturer of e-bikes, has inaugurated a new 5,500-square-meter production facility in Roosendaal, in the southern part of the Netherlands, as well as a new sales office and warehouse in Denmark. The new factory in Roosendaal will allow Keola to increase its production tenfold compared with the current ...
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News briefs
WakaWaka, a Dutch producer of portable solar power banks and...
WakaWaka, a Dutch producer of portable solar power banks and solar-powered lights that we have already talked about in our Outdoor Industry Compass, is the first B Corporation to be offering shares through a Dutch financing platform for small and medium enteprises, hoping to raise €2.5 million. B Corporations are ...
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News briefs
Ibex, an American brand that was generating annual sales of...
Ibex, an American brand that was generating annual sales of about $20 million from its merino wool performance apparel, has found a new owner for its assets, following an auction launched in January. Ibex is now a property of Flour Fund, a New York-based investment fund led by a marketing ...
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News briefs
ABS Protection has moved from Gräfeling to the Schwabing section...
ABS Protection has moved from Gräfeling to the Schwabing section of Munich, where it will reportedly exploit synergies with other sports brands in the same building. Felix Neureuther, the German ski star, is a shareholder in the German manufacturer of avalanche airbags.
