News Briefs – Page 57
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News briefsEngland and Wales Cricket Board signs up to the UN’s Sports for Climate Action Framework
The England and Wales Cricket Board (ECB) has launched its new Environmental Sustainability Plan for Cricket. The national governing body has identified three priorities for action across the game in England and Wales: Tackling climate change, managing resources, and protecting and enhancing the natural environment. As part of this broader ...
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News briefsHanesBrands receives $20.5 million insurance compensation for 2022 ransomware attack
HanesBrands Inc. has received $20.5 million in insurance compensation for the 2022 ransomware attack that cost the company around $100 million in global sales. The apparel manufacturer disclosed the insurance payout in its third-quarter regulatory filing with the U.S. Securities and Exchange Commission (SEC), as the payment represents compensation for ...
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News briefsLacoste teams up with The Sandbox on a Web3 experience
On its 90th anniversary, French fashion firm Lacoste will step into the virtual world after agreeing on a partnership with The Sandbox, a gaming virtual world and subsidiary of Chinese game software company Animoca Brands. The Sandbox team has collaborated with Lacoste to create the Lacoste World Tour, a multiplayer ...
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News briefsCanada Goose acquires its first European factory
Canada Goose has acquired the operating assets of Paola Confectii Manufacturing in Romania. These will now become the brand’s first factory in Europe. Its other seven factories are all in Canada. Paola Confectii has been supplying knitwear to Canada Goose since its founding in 2017. Its General Manager, Giannino Lessi, ...
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News briefsUnited Sports Brands acquired by private equity firm
California-based United Sports Brands (USB), the parent of Pearl Izumi, Shock Doctor, McDavid, Cutters, Nathan and Glukos, has been acquired by US private equity firm Norwest Equity Partners. The transaction closed on Nov. 20, 2023, and financial terms were not disclosed. Norwest’s history with USB brands dates ...
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News briefsKappa partners with the iconic 24 Hours of Le Mans
Italian sportswear brand Kappa has unveiled a new partnership with the Automobile Club de l’Ouest (ACO), the French organizers of the iconic 24 Hours of Le Mans. The new three-year deal, starting in 2024, will see Kappa as the Official Sportswear Dresser of the event. The contract was negotiated by ...
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News briefsMacron welcomed partners from four continents at its Club&Federation Meeting
Italian sportswear firm Macron welcomed executives, club managers and coaches from national and international partner federations to its Macron Club&Federation Meeting 2023. The event was held on Nov. 13 and 14 at the Macron headquarters in Valsamoggia, near Bologna. It gathered together 129 guests from 69 clubs and federations coming ...
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News briefsDecathlon acquires Bergfreunde from Backcountry
Bergfreunde GmbH, the German online specialist retailer for mountain sports, climbing and outdoor equipment, has a new strategic partner: French sporting goods manufacturer and retailer Decathlon is acquiring the German company from US outdoor retailer Backcountry. The purchase agreement was signed on Nov. 24, 2023. The transaction is still pending ...
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News briefsNorwegian Supreme Court rejects appeal: Rottefella wins patent dispute
Source: Rottefella Torstein Myklebostad, CEO of Rottefella After Rottefella was victorious last summer in a patent lawsuit against Amer Sports and its Salomon and Atomic brands, the Norwegian Supreme Court has now rejected Amer’s appeal, bringing the long-standing patent dispute over an adjustable cross-country ski binding system ...
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News briefsANWR launches new sports and outdoor trade show format
The German footwear buying group ANWR has launched a new trade show format focusing on the sports and outdoor footwear segment. The new ANWR Order Lifestyle-Sport & Outdoor show will be held on Dec. 12 and 13, 2023, in ANWR’s Mainhausen Campus, near Darmstadt. So far, around 50 exhibitors have ...
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News briefsFootway employees and board members acquire significant stake in the company
Shortly after the company submitted a preliminary reorganization plan to its creditors at the beginning of November, Swedish Footway Group AB has announced that key employees and board members, together with investors, have acquired a significant portion of the company’s shares. The transaction comprises a total of approximately 8.8 million ...
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News briefsHeiQ welcomes new Non-Executive Director from Lenzing
Source: HeiQ Robert van de Kerkhof Robert van de Kerkhof will join the Board of Directors of HeiQ plc as a Non-Executive Director with effect from Jan. 1, 2024. He will also become Chairman of the Environmental, Occupation, Health & Safety and Sustainability Committee and join the ...
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News briefsMunich opens its largest flagship in central Madrid
Spanish sneaker brand Munich is opening a new flagship store at Calle de Fuencarral 5, in the premises previously occupied by a Mr Wonderful stationery shop. Calle de Fuencarral is one of Spain’s capital’s main shopping destinations and tourist areas. The new store will be the largest in Munich’s retail ...
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News briefsIOC president meets with UN secretary-general
The president of the International Olympic Committee (IOC), Thomas Bach, met with the United Nations (UN) secretary-general António Guterres on Nov. 20 before presenting the Olympic Truce draft resolution to the UN. The two leaders discussed the current issues in the world’s geopolitical situation, and both stressed the contribution of ...
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News briefsFrench business network Medef appoints a co-President for its Paris 2024 committee
Medef (Mouvement des Entreprises de France), the leading network of entrepreneurs in the country, has appointed Fabien Gilot as co-president of the organization’s committee for the Paris 2024 Olympics. Gilot will join forces with Dominique Carlac’h, who was already at the committee’s helm and will now share responsibilities with him. ...
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News briefsPolygiene introduces new plant-based StayFreshBIO
The Polygiene Group will launch a plant-based antimicrobial technology for the textile market at ISPO Munich 2023. The technology is based on a 100 percent bio-based active ingredient derived from plant substances. It complements Polygiene’s current silver-based solution and is in line with the movement in certain regions looking for ...
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News briefsCircle Sportswear raises €4m in latest funding round
Circle Sportswear, the French start-up that uses recycled resources to produce new technical garments that are themselves recyclable, has raised €4 million in a Series A funding round. The investment is led by French positive impact investment firm Alter Equity, alongside its historical shareholders and Thierry Peuchot, former marketing director ...
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News briefsBasketball Revolution rebrands as Basketball Emotion, opens first store in Madrid
Basketball Revolution, which Fútbol Emotion acquired in March, is now rebranding as Basketball Emotion starting Dec. 1. Alongside the rebranding, the chain will be opening its first Basketball Revolution store, also on Dec. 1. The new 600-sqm store will be located at the MegaPark shopping mall in San Sebastian de ...
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News briefsEssilorLuxottica secures Moncler eyewear license
EssilorLuxottica and Moncler have announced the signature of an exclusive licensing agreement for the design, production and global distribution of Moncler-branded eyewear, including eyeglasses and sunglasses. The agreement will be in effect from January 2024 until December 2028 with an automatic renewal option for five more years, and the first ...
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News briefsA pivotal year for Fútbol Emotion
Fútbol Emotion might achieve the record €85 million in annual sales that it forecast at the close of the first quarter of this year. However, its latest forecast hedges the bet, shaving off €1 to €2 million – all of this according to CMDsport. Even €83 million, though, would amount ...
