News Briefs – Page 521
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News briefs
Giant was named as the winner of the Profitability Award...
Giant was named as the winner of the Profitability Award in the Bike category at the latest Interbike Awards ceremony, which was held in Las Vegas on Sept. 22. The winner of the Profitability Award is chosen by the National Bicycle Dealer Association (NBDA) based on a range of parameters ...
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The Zero Discharge of Hazardous Chemicals Foundation (ZDHC) and the...
The Zero Discharge of Hazardous Chemicals Foundation (ZDHC) and the China National Textile and Apparel Council (CNTAC), an industry federation representing textile-related industries in China, will jointly host a conference on better chemical management aimed at suppliers within the textile and footwear value chain. ZDHC oversees the implementation of the ...
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News briefs
Penguin Books is releasing a revised and expanded edition of...
Penguin Books is releasing a revised and expanded edition of Yvon Chouinard's memoir. The first edition of Let My People Go Surfing: The Education of a Reluctant Businessman, by the founder of Patagonia was first published ten years ago. The new edition features around 40 percent new material as well as a ...
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Radici Group and Herno have teamed up to assess the...
Radici Group and Herno have teamed up to assess the environmental impact of a jacket, and have found that the environmental impact of an Italian one is much lower than that of a similar China-made jacket. Radici, headquartered in Bergamo, is a maker of chemical, synthetic fibers. The two companies ...
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News briefs
Several newspapers have reported that René Jäggi, a former chief...
Several newspapers have reported that René Jäggi, a former chief executive of the Adidas group, was found badly injured from a shot wound outside the Bethesda hospital in Basel on Sept. 1. Jäggi was apparently rushed to the emergency service and is recovering. A report from Blick suggested that the ...
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News briefs
Shimano Europe will implement a new pricing strategy from next...
Shimano Europe will implement a new pricing strategy from next year, which aims to harmonize pricing between its own sales offices in Europe and to switch from a volume-driven to a value-based pricing strategy. While Shimano's customers previously obtained discounts based on the size of their orders, the new pricing ...
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News briefs
Wolverine Worldwide completed a debt refinancing program on Sept. 15,...
Wolverine Worldwide completed a debt refinancing program on Sept. 15, allowing the company to save about $30 million worth of interest payments through 2020 and giving it more flexibility in the use of cash. It will also make it easier to repurchase company shares under a recently announced $300 million ...
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News briefs
VF Corp. has issued Eurobonds worth a total of €850...
VF Corp. has issued Eurobonds worth a total of €850 million. The proceeds from the senior unsecured notes, which carry annual interest of 0.625 percent, will be used for working capital requirements and general corporate purposes. They will provide a natural currency hedge for operations in Europe.
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News briefs
Vibram has announced has celebrated its centennial anniversary of manufacturing...
Vibram has announced has celebrated its centennial anniversary of manufacturing in the U.S. The milestone celebration, which was open to the public, took place on Sep. 16, at its Quabaug Vibram Innovation (QVI) plant in North Brookfield, in central Massachusetts. The company said 2016 will not only celebrate the past, ...
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News briefs
IC Group reported a few days ago that one of...
IC Group reported a few days ago that one of its shareholders, ATP, has reduced its stake in the company to 7.15 percent. The company, which owns Peak Performance, later announced that its share capital has been increased by 0.2 percent because of an exercise of warrants. The exercise price ...
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News briefs
Moncler's were the best-performing stock in Milan's FTSE MIB -...
Moncler's were the best-performing stock in Milan's FTSE MIB - the index of the 40 most-traded stock classes on the exchange - on Sept. 15, with a 3.8 percent gain, following rumors of a possible investment in the Italian luxury clothing brand by Fosun International. Fosun, founded in 1992 by ...
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News briefs
Matt, a Spanish brand of gloves, headbands, caps, hats, scarves...
Matt, a Spanish brand of gloves, headbands, caps, hats, scarves and other accessories for winter and outdoor sports, has been acquired by Excens, a Spanish group involved in sports and logistics. Synergies are expected with two of its brands, TRS Motorcyles and Hebolution Parts (or just Hebo), which stand for ...
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News briefs
Adidas has begun a search for a permanent replacement for...
Adidas has begun a search for a permanent replacement for Chris Grancio, who is leaving as the company's global head of basketball. He has been overseeing Adidas' NBA deal and relations with basketball players since May 2014. Rebecca Jury, vice president of product in Adidas' basketball division, is taking over ...
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News briefs
Nautilus, the owner of Octane Fitness, has announced that Dennis...
Nautilus, the owner of Octane Fitness, has announced that Dennis Lee will leave Octane at the end of the year. Lee is currently the company's vice president and general manager of commercial and specialty. Ryan Simat, a veteran of the company and the current vice president of sales, has been ...
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News briefs
Polar has appointed Tom Fowler as president of Polar USA....
Polar has appointed Tom Fowler as president of Polar USA. He will be responsible for all segments of the business including sports technology, corporate wellness, consumer fitness, club, education and team sport. Prior to Polar, he served at Intel as director of marketing and sales of head-worn devices. He previously ...
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News briefs
Jonas Netterström will take the helm as chief executive at...
Jonas Netterström will take the helm as chief executive at Cycleurope at the end of this year. Netterström currently serves as CEO of an investment company, Elajo Invest. The Swedish bicycle company has been without a CEO since Mårten Nydahl quit in the early summer. Since then, the company's chairman, ...
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News briefs
Federico Musi is the new chief executive of Look Cycle,...
Federico Musi is the new chief executive of Look Cycle, replacing Dominique Bergin who sold a majority stake in the French company this summer to an investment fund, Activa Capital. Musi is described as a multi-lingual, 44-year-old manager who covers 5,000 km each year on his bike. The Italian native ...
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News briefs
Brooks France has named Franck Mesnage, formerly at Asics France,...
Brooks France has named Franck Mesnage, formerly at Asics France, as its new general manager. He takes over from Christophe Vatinel, who has been at the helm of the company for over ten years. Brooks France posted revenues of €9.8 million in 2015.
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News briefs
Skechers USA has entered into a new joint venture agreement...
Skechers USA has entered into a new joint venture agreement for Israel with MGS Sport Trading, its current distributor for the region. The joint venture is called Skechers Footwear. Adi Moliov, the previous brand manager of MGS Sport Trading, has been named general manager of Skechers Footwear. MGS Sport Trading ...
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News briefs
Casall, the Swedish fitness brand, is returning to the Dutch...
Casall, the Swedish fitness brand, is returning to the Dutch and Belgian markets through a distribution agreement that started earlier this year with the Flow Sports Group. This Dutch-based company sells its own equipment brand as well as Casall and Gaiam products. The Dutch customers include Topshelf, the chain of ...
