News Briefs – Page 53
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News briefsVF Corp. operations impacted by cyber attack
The Vans, the North Face, and Timberland parent VF Corp. disclosed its Dec. 13 discovery of cyber attack breach on its systems in a public filing. The group, which has initiated an incident investigation with experts and been forced to shut down some systems, confirmed that that cyber attack has ...
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News briefsDecathlon to offer ultra-fast car chargers at UK stores
Decathlon has partnered with public electric vehicle charging infrastructure provider Be.EV to provide ultra-fast electric vehicle charging points in a number of stores across the UK. This is Decathlon UK’s first partnership with a public charging network. Locations are already planned in various stores across the UK, with the Decathlon ...
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News briefsXtep purchases Wolverine’s stake in joint venture
Xtep Intl. is paying Wolverine Worldwide $61 million for its share of a joint venture that the two companies established in 2019 for the distribution of the Saucony and Merrell brands in Greater China, Hong Kong and Macau. Additionally, due to the early success and profitability of the Saucony brand ...
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News briefsFarfetch acquired by Coupang
Luxury fashion online retailer Farfetch has been acquired by South Korean e-commerce company Coupang for an undisclosed sum. Coupang has already founded a company called Athena Topco LP together with the financial firm Greenoaks Capital Partners LLC for the purpose of the takeover. The deal reportedly provides the ailing luxury ...
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News briefsAsics honored for its sustainability achievements
Japanese sportswear firm Asics Corp. has been selected for the ninth consecutive year as a component company of the Dow Jones Sustainability Asia/Pacific Index (DJSI Asia/Pacific). The Dow Jones Sustainability Indices (DJSI), jointly determined by S&P Dow Jones Indices and ESG assessment company SAM, measure the performance of companies selected ...
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News briefsVIATT announced as ASEAN’s new comprehensive textile platform
The inaugural edition of the Vietnam International Trade Fair for Apparel, Textiles and Textile Technologies (VIATT) will take place from Feb. 28 to March 1, 2024, at the Saigon Exhibition and Convention Center (SECC) in Ho Chi Minh City. Messe Frankfurt (HK), which co-organizes the event with the Vietnam Trade ...
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News briefsMove City Sport is warming up for an expanded second edition
After a successful inaugural event in 2022, Move City Sport is heading toward its second edition, scheduled to take place at Fiera di Bergamo, Italy, on Oct. 22-23, 2024. Move City Sport is a multi-stakeholder event for industry operators as well as institutions, research bodies and other professionals who work ...
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News briefsNew trial between Adidas and Thom Browne?
The controversial legal battle between Adidas and luxury label Thom Browne will return to court to determine whether a new trial is justified. The New York District Court will hear arguments on intent following the discovery of four new emails that recently surfaced during litigation between the two parties in ...
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News briefsAlibaba invests another $630m in Lazada
China’s Alibaba Group Holding has invested an additional $634 million into Singapore-based e-commerce subsidiary Lazada to drive additional growth and compete against TikTok and others in the Southeast Asian market. TikTok, which is owned by Chinese technology group ByteDance, has announced that it will acquire a 75 percent stake in ...
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News briefsNew US ski and snowboard goggle company launched
ArgentaWorks, a Park City, Utah-based ski and snowboard goggle company, announced its official launch on Dec. 5. Source: ArgentaWorks Tuscarora Among ArgentaWorks’ first offerings is the Tuscarora, the company’s flagship goggle. Each pair comes with two interchangeable lenses that offer full spectrum UV protection, anti-fog and anti-scratch ...
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News briefsSportsShoes.com expands marketing and design teams
UK online retailer SportsShoes.com has announced 10 new appointments to its brand marketing, social media and design teams to support its continued growth and development strategy. Maryse Haynes is joining the company as Marketing Coordinator from sports and mountain apparel brand Inov-8, where she was Head of Marketing. She previously ...
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News briefsNils Hult leaves Madshus
Referring to an internal message of Elevate Outdoor Collective (EOC), the Norwegian industry magazine sportsbransjen.no has reported that Nils Hult is leaving Madshus, the Norwegian brand specializing in cross-country skiing products within EOC, founded in 1906. “The functions that Nils Hult held have been absorbed by the structural changes and ...
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News briefsNew HR Director at Adidas
The Supervisory Board of Adidas has appointed Michelle Robertson as a member of its Executive Board, responsible for Global Human Resources, People and Culture, effective Jan. 1, 2024. The British national has held various HR positions at Adidas and previously at Reebok for over 18 years. Since July 2023, she ...
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News briefsCincinnati Athletics partners with Nike through 2029
The University of Cincinnati Athletics announced a direct multi-year agreement with Nike, beginning in 2025 and running through 2029, to outfit its athletic teams, called the Cincinnati Bearcats, with Nike-supplied jerseys, footwear, and other accessories. The Cincinnati Athletics teams will also continue to wear the Nike and Jordan brand logos ...
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News briefsGlobal skateboard market to grow at a CAGR of 3.5% to 2030
The global skateboard market size is expected to reach $4.25 billion by 2030, marking a compound annual growth rate (CAGR) of 3.5 percent from 2023 to 2030, according to a new study by Research and Markets. Growth is fueled by an increasing interest in newer sports and an inclination toward ...
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News briefsWilson Golf introduces AI-powered club fitting technology
Wilson is launching Fit AI, an innovative technology that uses artificial intelligence and is “set to change the future of golf club fitting,” the brand said. The technology combines Wilson’s “black box algorithm” with Blast Motion’s motion analysis technology. Wilson Fit AI is a mobile app-based fitting solution that integrates ...
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News briefsUK Athletics has a new president
UK Athletics has announced the election of former Olympic heptathlon champion Dame Denise Lewis as the organization’s new president. Lewis takes over from Jason Gardener, who has held the role since 2015. Lewis won a gold medal at the 2000 Sydney Olympics after winning bronze at Atlanta 1996. Since retiring ...
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News briefsThe WTA separates the roles of Chairman and CEO
The Women’s Tennis Association (WTA) has announced a further revision to its structure that will imply a separation of the Chairman and CEO roles. An additional new leader will, therefore, assume the role of CEO of the organization, responsible for managing and growing the operations of the WTA and its ...
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News briefsGildan appoints new CEO
Canadian sportswear brand Gildan Activewear has appointed a new President and CEO, Vince Tyra. He will take up the role on Feb. 12, 2024, replacing co-founder Glenn Chamandy, who has worked for Montréal-based Gildan for 40 years, 20 of them as CEO. “Over the span of his 40-year career, Glenn ...
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News briefsUS investor acquires Decathlon properties
French media report that US investor Realty Income has acquired part of Decathlon’s real estate assets. The transaction includes the sale of properties housing some 90 of the group’s stores in France, Spain, Portugal, Italy and Germany. The value of these properties is estimated at over €600 million and totals ...
