News Briefs – Page 58
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News briefsChina Dongxiang results impaired by investments
China Dongxiang, which distributes the Kappa brand in Greater China and has been a publicly traded company since 2007, reported a net loss of 410 million yuan renminbi (€52.7m) for the six months ended Sep. 30. Excluding its investment segment, operating profit was RMB 75 million (€9.6m). Year-over-year revenues were ...
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News briefsPower outage costs TGL a stroke
TGL, the new golf league we reported on about a week ago, finds itself in the rough. The league was set to make its debut this coming January with some serious pros in on its six teams, but a power outage has collapsed an air-supported dome on its playing grounds, ...
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News briefseBay supports voluntary offer to acquire Adevinta
eBay has announced its support for the voluntary tender offer led by Permira and Blackstone for all publicly traded shares of Adevinta, a publicly traded Norwegian company and the world’s largest operator of online classifieds portals. Under the terms of the transaction, eBay would sell 50 percent of its shares ...
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News briefsPuma appoints new GM for Japanese business
Source: Puma Ryokusai Inoue Puma has appointed Ryokusai Inoue as the new General Manager of Puma Japan with immediate effect. He will report directly to Germany-based Puma CEO Arne Freundt. Inoue joined the company in 2015 as Director of Retail. In this position, he shaped the success ...
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News briefsUnder Armour opens its first London outlet store at The O2
Under Armour will be opening a 370-sqm unit at Outlet Shopping at The O2 in London in early December. Outlet Shopping at The O2 is owned and operated by Waterfront Limited Partnership, a joint venture between AEG and Crosstree Real Estate Partners. The new store will be Under Armour’s 12th ...
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News briefsDecathlon opens megastore at new Merlata Bloom mall in Italy
Decathlon has moved its historic Baranzate store, near Milan, which had been there for 30 years, to the new Merlata Bloom shopping mall on Nov. 18. The new store boasts a larger surface – from 4,500 sqm in Baranzate to 5,500 sqm – and a staff of 83 people, including ...
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News briefsPilar Alegría will head sports in Spain’s new cabinet
Spain’s Prime Minister Pedro Sanchez announced on Nov. 21 his new cabinet, which includes a reshuffling of some portfolios. Pilar Alegría, who has been at the helm of the Ministry for Education and Vocational Training since 2021, will continue heading the education system but has now gained an additional sports ...
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News briefsBSI voice support for sustainable EU supply chain laws
The German Sporting Goods Association (BSI) has voiced its support for the ambitious EU supply chain law, the EU Corporate Sustainability Due Diligence Directive (CSDDD), advocating for more impact-oriented sustainability legislation. “As an industry, we are open to appropriate, ambitious and impact-oriented sustainability legislation and advocate binding sustainability standards at ...
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News briefsSmith has a new partner in Switzerland
US goggle and helmets brand Smith has announced a strategic partnership with Spoco, who is to be its sole sales agency of record for the Swiss territory. As part of Smith’s ongoing efforts to expand market share and grow brand presence within the heart of Europe, the partnership with Spoco ...
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News briefsMeet the EDM team at ISPO Munich and join our panel with FESI and Adidas
Join our panel with FESI and Adidas on the information requirements for EU sustainable policies at ISPO Munich.
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News briefsActive Apparel Group expands global presence to Europe
Source: Active Apparel Group Éimear McDermott, Director of Sales Europe Active Apparel Group (AAG), a performance apparel manufacturer for the outdoor lifestyle and active market, is expanding its global presence by opening a new office in Milan, Italy. Headquartered in Australia with existing strategic locations in ...
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News briefsCentric Brands enters exclusive agreement with Authentic for Quik, Billabong and Roxy
Centric Brands announced an exclusive licensing agreement with Authentic Brands Group (Authentic) to design, manufacture and distribute children’s apparel for Quiksilver, Billabong and Roxy in the US and Canada. Through this agreement, the three board sports apparel brands will join Centric Brands’ diverse kids’ portfolio of premium, industry-leading brands. Authentic ...
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News briefsChanges at the helm of The Lycra Company
Source: The Lycra Company Gary Smith The Lycra Company announces that it has appointed Gary Smith as Chief Executive Officer, effective Nov. 27, 2023. Smith will succeed Dean Williams, who has served as acting CEO since August. Williams will retain his role as Chief Financial Officer and ...
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News briefsIconix acquires British streetwear label
The US brand management group Iconix International has acquired a majority stake in the British streetwear brand Hoodrich, thereby expanding its brand portfolio, which already includes Umbro, Pony, Ocean Pacific and Lee Cooper. The terms of the transaction were not disclosed. Hoodrich founder Jay Williams will retain a minority stake. ...
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News briefsNew expo and second tournament at Monte Carlo
BSG Group, a 30-year-old marketing agency with operations in Rome and Milan, is expanding on a project it brought to life in April of this year: the first edition of the Five Padel Cup, a quintuple tournament in Monte Carlo. Next year’s tournament will be held in conjunction with a ...
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News briefsPeak Ski Company seeks additional funding opportunities
Peak Ski Company, headquartered in Bozeman, Montana, has contracted growth equity firm Republic Group to launch a crowdfunding initiative “to fuel growth and innovation.” Peak Ski Company was co-founded in April 2022 by Andy Wirth, the former President and CEO of Squaw Valley Ski Holdings, the parent company of ...
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News briefsNew Balance starts construction of new factory in New England
New Balance has begun construction of its 9,500-sqm factory in Londonderry, New Hampshire. It is the first factory in the state and the sixth footwear manufacturing facility in the US. The investment totals $70 million, will create more than 150 jobs and is expected to be operational by 2025. According ...
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News briefsYKK claims 46.9% greenhouse gas reduction in latest CSR report
YKK Corporation has released “This is YKK 2023,” the annual overview of its business and management activities, including long-term value creation and sustainability efforts. The report, which covers the period from Apr. 1, 2022, to March 31, 2023 (FY2022), shares the company’s progress in addressing five sustainability areas: climate change, ...
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News briefsCisalfa opens new flagship store near Verona
Italian sporting goods retailer Cisalfa has inaugurated a new flagship store in Sona, near Verona. With a surface of 2,500 sqm, it is Cisalfa’s fifth largest store in Italy, after Gugliasco, Brescia, Porta di Roma and Roma Eur. The new store, which sells products from over 100 brands, represents an ...
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News briefsNike and Football Australia announce 10-year contract extension
Nike and Football Australia have announced a ten-year partnership extension to push their relationship into a third decade. Football Australia, headquartered in Sydney, is Australia’s governing body of association football, futsal and beach soccer. Nike will continue to be the official apparel partner for all Australian national teams, including the ...
