News Briefs – Page 62
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News briefsIOC approves Olympic Charter amendments that strengthen its human rights commitments
The International Olympic Committee (IOC) has announced that the 141st Session in Mumbai has approved changes to the Olympic Charter, the document that contains the fundamental principles of Olympism as well as the rules and bylaws adopted by the IOC. Additional wording has been included in the “Fundamental Principles of ...
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News briefsEbit falls while BasicNet sales increase
BasicNet, the Italian parent of Kappa, Robe di Kappa, K-Way, Superga, Sebago and other brands, said that in the first nine months of 2023, consolidated revenues rose by 5.3 percent year-on-year to €297.5 million, while aggregate group brands revenues slipped by 7.6 percent to €858.4 million. Meanwhile, Ebitda increased by ...
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News briefsAmazon posts 13% sales increase and more than triples net income in Q3
Amazon posted net sales of $143.1 billion in the third quarter ended Sept. 30, 2023, representing an increase of 13 percent compared with Q3 2022. Excluding the $1.4 billion favorable impact from year-over-year changes in foreign exchange rates throughout the quarter, the sales increase was 11 percent. International sales increased ...
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News briefsSaudi Arabia sole bidder for 2034 World Cup after Australia pulls out
Saudi Arabia has emerged as the sole bidder to host the men’s 2034 FIFA World Cup following Australia’s decision not to bid for that edition of the tournament. FIFA had set Oct. 31, 2023, as the deadline for federations in Oceania and Asia to formally declare interest in hosting the ...
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News briefsMarcus Rashford’s debut collection with Nike
Source: Nike Nike x Marcus Rashford Collection Nike is partnering with Premier League footballer Marcus Rashford on his debut boot and apparel collection. Products include the Elite and Kids versions of the Mercurial Superfly, the Air Max Pulse, a woven tracksuit jacket, tees, pants, and a limited-edition ...
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News briefsCoDi’s divestiture of Marucci will benefit the company
Compass Diversified’s decision to divest its Marucci Sports business to Fox Factory for $572 million after purchasing the brand for $200 million in 2020 will help the company reduce its cost of capital and give it “greater ability to increase shareholder returns,” it said in a statement. In Q3 ...
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News briefsSports Minister: Russian market’s dependence on imported athletic apparel is nearly absolute
Russian dependence on imported athletic apparel and sports nutrition remains close to 90 percent, Oleg Matsisin, the Russian Sports Minister, said during a meeting with Russian President Putin. Russian analogs of athletic apparel good enough for high-level performances are available in limited quantities. There is only a limited range of ...
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News briefsAltra Running has a new Director of Merchandising
Colorado-based Altra Running, founded in 2009 and part of VF Corp.’s portfolio since 2018, appointed Samantha Terral as Director of Merchandising. Most recently, Terral served as Digital/E-commerce Manager at Saucony. Prior to that, she worked at JackRabbit, formerly Running Specialty Group, for more than five years, serving also as VP ...
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News briefsMacron hires new Chief Communications Officer from Ducati
Source: Macron Angelo Marino Italian teamwear brand Macron has announced the appointment of Angelo Marino as its new Chief Communications Officer. Most recently, Marino served as Global Head of Brand and Corporate Communications at Ducati, where he was also part of the team behind the global relaunch ...
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News briefsWHP Global and Authentic reportedly interested in buying Champion
WHP Global and Authentic Brands Group are both interested in buying Champion from its parent company HanesBrands, according to a report by CNBC. Sources also said, however, that a deal is not close to completion, and if HanesBrands ever moves forward, it will not select a buyer until 2024. WHP ...
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News briefsSkechers event raises $3 million for kids
The fifteenth Skechers Pier to Pier Friendship Walk raised more than $3 million for children with special needs, public education and national scholarships in California this week. The Walk has now raised over $24 million in donations since its inception in 2009. In addition to attending fundraisers, the Walk featured ...
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News briefsReebok honors 50 years of hip-hop with new collection
As part of its Human Rights Now! Collection, Reebok is celebrating Hip-Hop’s 50th anniversary by showcasing apparel and footwear that pays tribute to the pioneers of the genre and its culture. The collection features the work of Hip-Hop photographer Joe Conzo and artist Rich Tu, and also donates $35,000 to ...
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News briefsAdidas by Stella McCartney enters ski wear under Terrex label
Source: Adidas Terrex Iris Law presents the first ever Adidas by Stella Mccartney ski collection Now in the eighteenth year of the collaboration, Adidas by Stella McCartney is venturing into the snowsports arena with a new ski wear collection for Terrex, Adidas’ Outdoor label. British model and ...
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News briefsCanada Goose announces new executive appointments for spring 2024
Canada Goose Holdings Inc. announced that Neil Bowden, currently deputy chief financial officer, has been appointed CFO. He will replace Jonathan Sinclair, who in turn has been appointed President APAC. Both changes will be effective April 1, 2024. Bowden currently leads Canada Goose’s global finance team and has been with ...
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News briefsNew Zealand sneaker brand has a new plant-based alternative to leather
New Zealand-based sustainable shoe brand YY Nation has released a new collection of court sneakers made using cactus. The release of the Fractus Cactus and the Status Cactus coincided with World Vegan Day (Nov. 1). According to YY Nation, the cactus court sneaker range is “Crafted using natural materials extracted ...
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News briefsTopgolf Callaway acquires US off-course golf operator BigShots Golf
Topgolf Callaway Brands Corp. announced that it has acquired certain assets of Dallas, Texas-based Invited, Inc., the largest owner and operator of private golf clubs in the US, related to its BigShots Golf business. The purchase price for the initial closing is approximately $29 million. The acquisition adds the BigShots ...
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News briefsSports industry is driving urban development in Jinjiang in southeast China
The city of Jinjiang in southeast China’s Fujian Province has made great efforts in recent years to promote the integrated development of culture, sports and tourism and establish itself as China’s sports capital at the earliest opportunity. After four years, the 2023 International University Sports Federation (FISU) University Football World ...
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News briefsBrooks Running global sales up 5% year-to-date, holds top spot in US run channel
Brooks Running’s year-to-date global revenues are up 5 percent and 7 percent higher year-over-year in the US as the Seattle-based company has reached new runners, recovered from Covid-19-related supply chain disruptions, and normalized inventory levels. Year-to-date sales for the brand in France and the UK combined are up 22 percent, ...
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News briefsAlo Yoga eyes $10 billion valuation
Alo Yoga, a privately held yoga firm founded in 2007 and owned by Los Angeles-based Color Image Apparel, is reportedly exploring the securement of a major investment that would value the premium-priced apparel firm at $10 billion. The brand, whose name is an acronym for air, land and ocean, is ...
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News briefsDakine launches 2024 winter outerwear collection with recyclable materials
Dakine is using its new Re-Psyched technology – according to the brand, a fully recyclable outerwear material – in its latest 2024 winter collection, which also features Bluesign fabrics and recycled materials. The outerwear starts with a high-end 100 percent recycled yarn woven at Japanese mills. It is then bonded ...
