News Briefs – Page 514
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News briefs
Allied Feather & Down says it has hit the milestone...
Allied Feather & Down says it has hit the milestone of 100 percent third-party certification for its global down supply chain for all its partners. The milestone has been reached ahead of the 2017 goal. More than 75 percent of its down was already certified through the Responsible Down Standard ...
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News briefs
Patagonia decided to closes all stores in the U.S. on...
Patagonia decided to closes all stores in the U.S. on Election Day, Nov. 8, in order to encourage employees, customers and citizens to go out and vote. The California-based outdoor company has urged citizens to vote since 2004. In September, Patagonia kicked off the Vote Our Planet campaign, focused on ...
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News briefs
Patagonia has announced it will donate 100 percent of Black...
Patagonia has announced it will donate 100 percent of Black Friday sales from its website and global stores to charity organizations, and specifically to grassroots environmental groups. Donations are estimated to raise more than $2 million, according to reports in Fortune. The outdoor company explained in a blog post that ...
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News briefs
The Skechers Foundation has announced that its 8th annual 2016...
The Skechers Foundation has announced that its 8th annual 2016 Skechers Pier to Pier Friendship Walk has raised more than $1.6 million for children with special needs and education. Celebrities at the event included Brooke Burke-Charvet, a longtime Skechers supporter, as well as boxing legend Sugar Ray Leonard, actor Ian ...
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News briefs
JD Sports Fashion is proposing a stock split. The fast-growing...
JD Sports Fashion is proposing a stock split. The fast-growing British retailer has called shareholders to a general meeting on Nov. 24 to approve it. The proposed move would involve splitting the company's existing ordinary shares, which have a nominal value of 1.25 pence each, into five new ordinary shares ...
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News briefs
The Guardian reports that Sports Direct International (SDI) and some...
The Guardian reports that Sports Direct International (SDI) and some of its shareholders are struggling to agree on a suitable independent party to conduct a review of the British sports retailing and wholesaling group. Under scrutiny over issues relating to working conditions and corporate governance, SDI conducted a preliminary review ...
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News briefs
Despite Brexit, New Balance said it is committed to keep...
Despite Brexit, New Balance said it is committed to keep manufacturing shoes in England, which employs 240 workers, and will use it to make premium football boots for the first time in almost four decades. Rob DeMartini, chief executive, made the statement while inaugurating its biggest store outside the U.S. ...
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News briefs
Wilson has acquired the EvoShield brand and related intellectual property...
Wilson has acquired the EvoShield brand and related intellectual property rights in an asset deal from the eponymous company. The brand is described as the leading supplier of protective gear for baseball and softball. It is the official protective gear of Major League Baseball.
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News briefs
Cicli Pinarello, the Italian cycling company, is set to be...
Cicli Pinarello, the Italian cycling company, is set to be bought by LVMH, the French conglomerate behind high-end luxury brands such as Louis Vuitton, Dior, and Moet et Chandon. If the transaction is confirmed, it would be LVMH's first move into the sports and wellness markets. There should be no ...
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News briefs
The Body Glove brand and related intellectual property assets have...
The Body Glove brand and related intellectual property assets have been acquired by Marquee Brands from Body Glove International. Body Glove was founded in Redondo Beach, California in 1953 by two twin brothers, Bob and Bill Meistrell. The Meistrell family will retain a minority interest in the Body Glove brand. ...
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News briefs
Globe International said it was acquiring 50 percent of Salty...
Globe International said it was acquiring 50 percent of Salty Crew, a Californian apparel brand specializing in surfing, fishing, diving and sailing products. As part of the deal, which should become effective in January 2017, Globe is to assume operational and financial functions for the brand, while key managers will ...
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News briefs
In May 2017, Columbia Sportswear will relocate the headquarters of...
In May 2017, Columbia Sportswear will relocate the headquarters of Sorel and 45 employees to the downtown area of Portland, Oregon, but it will keep its own global head office in Washington County, where it moved from downtown Portland in 2001. Columbia bought Sorel in 2000. Tim Boyle, chief executive ...
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News briefs
The Adidas Group is resuming its share buyback program today,...
The Adidas Group is resuming its share buyback program today, based on the authorization given at its annual meeting on May 12. After two previous tranches of stock repurchases conducted in the last two years, involving a total of 9,018,769 shares that represented 4.31 percent of its share capital, the ...
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News briefs
21sportsgroup, the expansive German retail group, has drawn €15 million...
21sportsgroup, the expansive German retail group, has drawn €15 million in fresh capital from ESO Capital to support its growth. The group indicates that the money is chiefly earmarked for further international expansion. Specializing in running, cycling, triathlon, outdoor and action sports products, 21sportsgroup is the company behind several multichannel ...
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News briefs
Navalayo Osembo, one of the founders of the Kenyan athletic...
Navalayo Osembo, one of the founders of the Kenyan athletic footwear brand Enda, presented the Iten - Enda's first shoe - to four investors during the television's inaugural series of the Lions Den. The program is the Kenyan equivalent of the Shark Tank, an international TV series in which hopeful ...
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Wolverine Worldwide said it has created 250 new jobs at...
Wolverine Worldwide said it has created 250 new jobs at its manufacturing facility in Michigan so far this year as it broke ground on a planned 16,000-square-foot extension. It should be completed in early 2017, allowing the company to add a new warehouse for incoming raw materials. Built in 1964 ...
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News briefs
Keen Footwear has appointed Casey Sheahan as its next president,...
Keen Footwear has appointed Casey Sheahan as its next president, effective Nov. 14. He replaces Steve Meineke, who will retire in mid-November. Meineke will continue to collaborate with the company as an active member of the advisory council. Sheahan has a 35-year experience in the outdoor, athletic and publishing industry. ...
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News briefs
Christer Johnsen has announced that he is stepping down from...
Christer Johnsen has announced that he is stepping down from his position as chief executive of Rottefella, the big Norwegian producer of cross-country ski bindings. Johnsen has been in charge of the company since 2008 and has not made any statement as to why he is leaving or what his ...
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News briefs
Casall, the Swedish fitness brand, has recruited a new chief...
Casall, the Swedish fitness brand, has recruited a new chief executive, Jon Lööf, to help it to expand into new markets. He is credited with a broad background in international sales and marketing. Lööf has held various leadership positions at Nike's European headquarters in the Netherlands. He comes directly from ...
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News briefs
Nik Baker, sales manager of Sole Technology Europe, will soon...
Nik Baker, sales manager of Sole Technology Europe, will soon take over as general manager of the Dutch-based operation, responsible for the brands Etnies, Emerica, Thirtytwo and Altamont Apparel. He is taking the place of Greg Cleghorn, who is returning to South Africa to develop his distribution business through Intende ...
