News Briefs – Page 5
-
News briefsAdidas starts internal investigation into allegations of bribery
On Monday morning, several media outlets, including the Financial Times, reported that Adidas had launched an internal investigation into allegations of bribery in its China business following a whistleblower complaint accusing executives of embezzlement. According to the Financial Times, the letter alleged that Adidas employees, including a senior manager, received ...
-
News briefsSuperdry hires new Global Technology Director
As part of its planned restructuring, Superdry has hired Dafydd Moore as its new Global Technology Director. He will report to the company’s CEO and co-founder Julian Dunkerton and will be responsible for leveraging technology to drive business performance, improve efficiency and enhance the customer experience. ”I aim to ensure ...
-
News briefsOn hires AI/robotics firm for inventory management
The sportswear brand On has hired a fellow Zuricher company, Verity, to refine its third-party warehousing. The method: a fleet of autonomous drones that fly around scanning and rescanning the inventory. By Verity’s reckoning, the average warehouse turns over its stock eight times per year and, between lost pallets and ...
-
News briefsDecathlon manufactures natural rubber wetsuits with Yulex
Decathlon has started to produce wetsuits in a material called Yulex100. This material was developed in collaboration with the American company Yulex, which specializes in the research and production of natural latex and rubber alternatives. This neoprene-like material contains no synthetic rubber. In addition, the natural rubber used in Decathlon ...
-
News briefsNew Area Director in Southeast Asia for Duca Del Cosma
Source: Duca del Cosma Amiek Krakers Italian luxury golf fashion brand Duca del Cosma has appointed Amiek Krakers as its new Area Director in Southeast Asia. Krakers, who is originally from the Netherlands and has lived in Asia for almost two decades, brings her extensive experience in ...
-
News briefsReebok introduces new racquet sports shoe
Reebok is returning to the racquet sports courts, utilizing its extensive knowledge of the training footwear market as well as its rich history on the tennis court. The brand announced that the Nano Court is designed to be the ultimate performance shoe for sports such as pickleball, padel and tennis. ...
-
News briefsSuperdry shareholders vote in favor of restructuring plan
Superdry’s shareholders said yes to the proposed rescue plan at an extraordinary general meeting on June 14. The vote follows the creditors’ approval of the plan on June 10, with 99 percent of them voting in favor of measures included in the plan, said the fashion company. Superdry will now ...
-
News briefsInitial sports program for Winter Olympics 2030
Following a recommendation by the Olympic Program Commission, the International Olympic Committee (IOC) Executive Board has proposed the following seven sports for the initial sports program of the Olympic Winter Games 2030: biathlon bobsleigh curling ice hockey luge skating skiing All seven sports have been part of the ...
-
News briefsSerious sales growth at Pro Padel Shop
Padel Pro Shop’s first-half sales for 2024 doubled year-on-year, from €4 million to more than €8 million, according to TradeSport. The e-commerce specialist expects to generate €20 million by year’s end. This would be up from FY 2023’s €10 million. Its verticals, pádel and handball, as founder and CEO Dionisio ...
-
News briefsPlanet Fitness secures $800m for strategic refinancing
Planet Fitness, Inc. announced that it has completed its previously announced refinancing transaction. The new series of securitized notes consists of $800 million of Class A-2 senior secured notes issued in two tranches: Class A-2-I senior secured notes with an expected redemption date of five years, a principal amount of ...
-
News briefsSaudi Arabia’s PIF reportedly in talks to create new boxing league
The Public Investment Fund (PIF), the sovereign wealth fund of the Kindgom of Saudi Arabia, is “in discussions with multiple boxing stakeholders to create a league, potentially reshaping the competitive landscape of the sport,” Reuters has unveiled in an exclusive report. The discussions involve promoters like Matchroom Boxing and Golden ...
-
News briefsCaleb Williams launches new investment firm
American football quarterback Caleb Williams is launching an investment firm named 888 Midas. The new entity will target “like-minded associations and select private equity, venture capital and real estate funding opportunities,” 888 Midas said in a statement. Williams is the first player selected in the 2024 National Football League (NFL) ...
-
News briefsStockX halts 400,000 suspected fakes in 12 months
The online marketplace StockX reports in its Big Facts: The Verification Report, which covers the twelve months to May 31, 2024, that it used its verification methods to reject over 400,000 suspected counterfeit products worth almost $85 million. This is around 100,000 more counterfeits than in the previous year. In ...
-
News briefsPuma to become main sponsor of Nürnberg Pride
Puma will continue to be the main sponsor of Christopher Street Day Nürnberg e.V., an organization that campaigns for the rights of the queer community in the metropolitan area of the German city of Nuremberg, and accompany it at a variety of events during the Nürnberg Pride weeks this July ...
-
News briefsFootway Group hires new Group Marketing Manager
Source: Footway Group Marcus Gröning, new Group Marketing Manager at Footway Group. Footway Group strengthens the team by welcoming Marcus Gröning as the new Group Marketing Manager. With a solid background in marketing and branding, most recently as Head of Marketing & Brand within the Ellos Group, ...
-
News briefsComing next year: a new women’s basketball league
A professional league for women’s three-on-three basketball will debut in January 2025 – and in Miami, to judge by its placeholder website. Called Unrivaled, the league was co-founded by WNBA players Breanna Stewart and Napheesa Collier. According to Sportico, it has just undergone a round of seed ...
-
News briefsNike Athlete Think Tank includes elite coaches
In March 2022, Nike launched the Nike Athlete Think Tank, a platform designed to support women and girls in sports. Since then, women athletes like Ada Hegerberg (soccer) and Shelly-Ann Fraser-Pryce (track and field) have helped athletes in 20 different community organizations. Now in its third year and for the ...
-
News briefsLotto becomes first athletic brand to co-own a professional pickleball team
Lotto has announced a strategic partnership with the Brooklyn Aces, joining owners Kevin Durant, Rich Kleiman, Drake and Michael B. Jordan. The Italian footwear and sportswear supplier will become the first athletic brand in the ownership group of a professional pickleball team. Additionally, Lotto branding will be integrated into the ...
-
News briefsLacoste renews French Open deal
Lacoste has signed a new sponsorship deal with both Roland-Garros and the French Tennis Federation (FFT). The sportswear brand has been sponsoring the tournament since 1971. The new deal, in effect from 2026 to 2030, will preserve the brand’s spaces in the Village, on the Philippe-Chatrier court, at the Grande ...
-
News briefsMLB returns to the land of cricket
Major League Baseball (MLB) has two games scheduled for London Stadium this weekend, the league having “clearly identified the U.K. as a priority market,” as its Chief Operations and Strategy Officer tells the AP. This will be the third series of London games in five years, with more planned in ...
