News Briefs – Page 511
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News briefs
The global footwear and apparel sectors have made significant progress...
The global footwear and apparel sectors have made significant progress as far as labor practices across their supply chains are concerned. However, according to a study released by KnowTheChain (KTC), many Western firms still show minimal commitment to addressing labor issues within their factories and across the supply chains, despite ...
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News briefs
The Zero Discharge of Hazardous Chemicals (ZDHC) Foundation has released...
The Zero Discharge of Hazardous Chemicals (ZDHC) Foundation has released new Wastewater Guidelines, which are meant to harmonize expectations across the global apparel and textile supply chain. A study carried out last year had revealed a lack of consistency leading to confusion within the value chain, ZDHC said. The new ...
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News briefs
The funeral was held in Asolo on Friday for Luigi...
The funeral was held in Asolo on Friday for Luigi Parisotto, an Italian shoemaker who was closely connected with the history of the Italian ski and mountain boot manufacturing industry. He passed away on Dec. 20 at the age of 86. Luigi Parisotto started to work at the age of ...
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News briefs
Matthias Bärtels, who had been serving as one of the...
Matthias Bärtels, who had been serving as one of the two managing directors for the Intersport Voswinkel chain in Germany since 2012, has died at the age of 53. Responsible for purchasing, sales, marketing and merchandising, he led a refitting program at Voswinkel and introduced a CRM system. Soon after ...
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News briefs
The story of Adolf and Rudolf Dassler, and how a...
The story of Adolf and Rudolf Dassler, and how a dispute between these two brothers led to the creation of Adidas and Puma, is currently being turned into a movie. Production is scheduled to begin in 2017. The film, which is being financed by Fortitude International and will be co-produced ...
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News briefs
JD Sports Fashion says it has paid about £112.3 million...
JD Sports Fashion says it has paid about £112.3 million (€131.6m-$139.3m) to acquire the entire issued share capital of Go Outdoors, a British outdoor retailer with 58 large-scale stores, while assuming net debt of about £16 million as part of the transaction. Go Outdoors had sales of £202.2 million (€237.0m-$250.9m) for ...
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News briefs
René Benko has further increased his control over Signa Holding,...
René Benko has further increased his control over Signa Holding, the real estate company that owns Karstadt and other retail assets. According to Textilwirtschaft, the Benko family's private foundation has taken over the 30.6 percent stake held in Signa Holding by the Falcon Private Bank of Zurich. The family thus ...
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News briefs
The Australian media have reported about the insolvency of BLK,...
The Australian media have reported about the insolvency of BLK, the brand of team sports jerseys based in Queensland. It has contracts with many football, rugby and netball teams in Australia, and a few also in Europe. Executives of the company declined to provide information on the consequences of the ...
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News briefs
A court has approved the terms of an auction of...
A court has approved the terms of an auction of the assets of Performance Sports Group (PSG), the parent company of Bauer and other brands. Investors are invited to bid against a stalking horse proposal by Sagard Capital to take over the company for $575 million. The bids are due ...
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News briefs
GoPro has announced a reorganization program that will involve the...
GoPro has announced a reorganization program that will involve the elimination of about 200 jobs, or 15 percent of its staff, and the closing of its entertainment division, in a bid to reduce operating expenses by $650 million and return to profitability in 2017. The entertainment division was supposed to ...
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News briefs
Hero Cycles, the Indian bicycle maker, has announced plans to...
Hero Cycles, the Indian bicycle maker, has announced plans to set up a global design center in Europe. The new state-of-the-art design center will be located in Manchester, U.K. The center, which is expected to start operations in the first quarter of 2017, will focus on innovation and design to ...
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News briefs
Li Ning is reportedly building a ski resort of its...
Li Ning is reportedly building a ski resort of its own in the Shanxi province of China. According to a recent report by Bloomberg, China is experiencing a real skiing boom. The country's government is investing heavily in winter sports infrastructures in view of the Winter Olympics in 2022, which ...
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News briefs
Boa Technology, the company known for its unique closure system,...
Boa Technology, the company known for its unique closure system, has broken ground in the Denver area for the construction of a new 140,000-square-foot office building. Targeting LEED Silver certification, it will have one of the largest private green roofs in the city. The building will house the Boa Fit ...
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News briefs
Canada Goose would like to go public sometime in 2017....
Canada Goose would like to go public sometime in 2017. Bain Capital, which acquired a majority stake in the Canadian company three years ago, is said to be seeking a valuation of $2 billion in the planned initial public offering. Credit Suisse, the Canadian Imperial Bank and Goldman Sachs have ...
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News briefs
An Italian investment fund, Cassa Depositi e Prestiti, is considering...
An Italian investment fund, Cassa Depositi e Prestiti, is considering the acquisition of a stake in the Tecnica Group through a capital increase, according to the Italian daily Sole 24 Ore. The funds would help the company to reach its objective of generating a double-digit operating margin on a turnover ...
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News briefs
Sports Direct is facing parliamentary demands for explanations after a...
Sports Direct is facing parliamentary demands for explanations after a group of members of Parliament turned up unannounced at its head office and warehouse in Shirebrook, and alleged that an attempt was made to record a private discussion in one of the group's meeting rooms. Ian Wright, head of the ...
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News briefs
Strengthening its management structure, Accell Group has appointed Wouter Jager...
Strengthening its management structure, Accell Group has appointed Wouter Jager as brand and marketing director of the company. Jager's current responsibilities as commercial managing director of Accell Nederland will be transferred to Huub Snellen, the group's managing director of operations. In the framework of Accell Nederland's integration into the group, ...
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News briefs
Carsten Schmitz has been appointed as chief digital officer at...
Carsten Schmitz has been appointed as chief digital officer at Intersport Germany, a newly-created job, which is meant to transform the buying group into a digitally savvy business. This involves the continuation of the group's digitalization strategy, the development of its multi-channel model and the development of new digital services ...
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News briefs
Chiemsee appointed Lutz Mai to the position of managing director...
Chiemsee appointed Lutz Mai to the position of managing director in charge of marketing and sales, succeeding Michael Doerell, who is leaving the company for personal reasons. The 50-year-old will be working together with Cornelia Schmidt, chief executive of the German action sports apparel company. Mai worked previously in business ...
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News briefs
We have yet to mention the appointment of Martin Margielka...
We have yet to mention the appointment of Martin Margielka as the new marketing director of Burton Europe, responsible for Burton Snowboards and its Anon brand. He is replacing Marian Kaeding. Margielka founded the magazine Streetwear Today and opened the iconic RAPX store in Bochum, Germany, at the age of ...
