News Briefs – Page 52
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News briefsSigna Prime Selection files for insolvency
Signa Prime Selection AG, the Swiss-based luxury real estate company of René Benko’s Signa Group, has filed for insolvency proceedings in self-administration with the Commercial Court of Vienna, according to a press release issued by the group on Dec. 28. “[…] The Executive Board has also applied for the adoption ...
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News briefsIntersport Austria retailers pleased with successful Christmas business
Source: Intersport Austria The Alpine Ski and Service segments performed exceptionally well during the Christmas period In hardly any other industry, the weather influences the buying mood of Austrians as much as in sporting goods retail. The arrival of winter on the first weekend of Advent gave ...
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News briefs361° signs NBA champion Nikola Jokić
After winning the NBA championship and a successful start to the new season, Denver Nuggets superstar Nikola Jokić has officially signed a footwear deal with Chinese sports footwear brand 361° and will take on the role of Global Brand Ambassador. Born and raised in Sombor, Serbia, Jokić was drafted by ...
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News briefsNike sues sneaker influencer Cedaz
Nike is suing Florida-based social media influencer Eben Fox, who goes by the alias of “Cedaz,” for alleged trademark infringement, counterfeiting and related causes of actions. The lawsuit was filed in US District Court Middle District of Florida - Tampa Division on Dec. 15. According to Nike, Cedaz has been ...
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News briefsElan partners with Crion for sustainable mountain experiences
Slowenian ski company Elan announced that it has formed a partnership with Crion, a community founded in 2018 from the shared passion of two mountain-loving ski instructors. The community now brings together over 12,000 travelers, professionals and local experts who enable authentic mountain experiences in the Alps. Crion aims to ...
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News briefsMayden returns to Jordan as Chief Design Officer
Nike Inc. has named Jason Mayden as Chief Design Officer for the Jordan brand. He returns to the brand where he started as the very first design intern 23 years ago. Most recently, Mayden served as President of Fear of God Athletics from 2020 to late 2022. He previously spent ...
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News briefsPeak Ski promotes Catie Park to business development director
Source: Peak Ski Company Catie Park Montana-based Peak Ski Company has promoted Catie Park to Director of Business Development and Special Projects. Park most recently served as Retail Manager at Peak. “Catie’s passion for all things outdoors and the mountains, including skiing, hiking, and backcountry adventures, makes ...
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News briefsManagement changes at Alibaba
Chinese e-commerce giant Alibaba Group has announced the appointment of Eddie Yongming Wu as Group CEO and Chairman of Taobao and Tmall Group with immediate effect. He will also serve as CEO of the two subsidiaries. He replaces Daniel Zhang, who is resigning from the group’s executive positions to focus ...
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News briefsNordica launches US Connect Tour
Nordica announced The Connect Tour for the US market, a multi-resort national tour for women to help connect and build communities through group ski days. “Skiing makes people feel alive. We want to share that joy with others and help them connect with a new ski buddy,” explains Carly Driscoll, ...
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News briefsEU court finds in favor of Super League
“The FIFA and UEFA rules on prior approval of interclub football competitions, such as the Super League, are contrary to EU law,” the Court of Justice of the European Union has ruled. FIFA and UEFA may not subject “any new interclub football project” to their prior approval or prohibit clubs ...
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News briefsCoDi receives $75.2m through private placement
Compass Diversified (CoDi), the Connecticut-based owner PrimaLoft, Boa Technology, 5.11 and Velocity Outdoor, completed a $75.2 million private placement offering of approximately 3.6 million of its common shares to an Allspring Global Investments mutual fund for $21.18 per share. “We are thrilled to receive this substantial investment from Allspring,” commented ...
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News briefsBlue Tomato expands “Rent Your Ride” rental service
Action sports and lifestyle retailer Blue Tomato is expanding its offer to rent selected products such as snowboards, splitboards, boots and bindings. As part of the “Blue Tomato Rent Your Ride” service, customers can obtain advice on the products in several stores in Germany and Austria and then rent them. ...
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News briefsRip Curl to expand its retail presence in Spain
Rip Curl, part of KMD Brands, is planning to expand its retail presence in Spain in partnership with the El Corte Inglés department stores, according to Modaes. Spain is Rip Curl’s second European market after France. The brand currently has three stores in Spain, where it also sells its products ...
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News briefsCanada Goose fills new position of President, Finance, Strategy & Admin
Source: Canada Goose Beth Clymer, new President, Finance, Strategy & Administration Canada Goose has created a new position – President, Finance, Strategy & Administration – and hired Beth Clymer, who will be responsible in this role for finance, human resources & culture, corporate strategy and legal. “Beth ...
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News briefsAlibaba.com records rising demand for smart fitness and sustainable sports products
B2B e-commerce platform Alibaba.com recently published the most important trends among B2B buyers in the sports sector. The Chinese company found that the total number of orders for smart fitness products increased by 51 percent year-on-year (mid-October to mid-November 2023 compared to the same period in 2022). The most popular ...
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News briefsDecathlon reportedly continued to sell in Russia, denies allegations
According to investigative media site Disclose, French sporting goods retailer Decathlon has secretly continued to sell clothes in Russia despite its official announcement on March 29, 2022, that it was ending its activities in the country due to the war in Ukraine. In October of this year, Decathlon sold its ...
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News briefsMatthias Mack joins Descente
Source: Descente Matthias Mack After 30 years at Bogner, Matthias Mack has made the switch to Descente. The long-standing sales professional sees great potential for more growth for the Japanese brand on the German market in the recently formed alliance with sales partner Solo Tres BV from ...
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News briefsTonal offers trade-in program after Lululemon discontinues Mirror
Tonal, an intelligent home gym with a personalized approach to strength training, announced “Mirror Trade-In,” a trade-in program that offers customers of Lululemon Studio Mirror hardware the opportunity to replace their discontinued Mirror device with a Tonal device. Lululemon stopped selling Mirror hardware and announced it would stop producing new ...
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News briefsNew CEO for PrimaLoft
Compass Diversified (CoDi), the Westport, Connecticut-based owner of several sporting goods brands, including Boa Technology, 5.11 and Velocity Outdoor, announced the appointment of Anne Cavassa as Chief Executive Officer of its subsidiary PrimaLoft Inc. effective Jan. 1, 2024. The move follows Cavassa’s recent appointment as President of the company. The ...
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News briefsEyewear start-up Out Of raises over €7m in crowdfunding
Out Of, the Italian-based sports eyewear start-up, has raised a total of €7.6 million from approximately 580 investors through a 30-day crowdfunding campaign on Mamacrowd earlier this autumn. According to Italian media, it was the largest ever crowdfunding campaign in Italy, close to the legal €8 million upper limit. New ...
