News Briefs – Page 63
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News briefsSigna Holding also facing challenges
The slowdown in the real estate market is hitting René Benko’s Signa Holding severely, according to an article in the Austrian magazine News. Signa Holding is an investment holding company operating in the real estate, retail (Galeria Kaufhof, Signa Sports United (SSU), KaDeWe) and media (minority stake in Austrian newspapers ...
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News briefsUPS to acquire reverse logistics specialist Happy Returns from PayPal
UPS has announced that it is acquiring Happy Returns from PayPal. Happy Returns is a U.S.-based software and reverse logistics company that provides merchants and consumers in the U.S. with a hassle-free, boxless and label-free returns experience. “By combining Happy Returns’ easy digital experience and established drop-off points with ...
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News briefsAdidas footwear on display at Newcastle Contemporary Art
Adidas has announced Original Newcastle, a new exhibition at Newcastle Contemporary Art (NCA) in Newcastle upon Tyne, featuring archival and contemporary footwear in partnership with UK retailer END. The free exhibition, presented by Adidas Spezial, opened on Oct. 27 and will run until Nov. 5. The footwear on display includes ...
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News briefsAI-powered tennis app SwingVision raises $6 million
SwingVision has announced a $6 million Series A financing round led by Authentic Ventures. Other participants include pro tennis players Lindsay Davenport, Alison Riske and Rohan Bopanna, as well as Dropbox’s head of product Youssef Es-skouri and Glenn Solomon of GGV Capital. The new funding will be primarily used to ...
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News briefsArchroma and Trumpler partner on eco-friendly tanning process for leather production
Chemical solutions company Archroma has partnered with Trumpler (which specializes in leather chemicals) on a new eco-friendly process to produce high-performance leather. The new process, called DyTan, combines innovations from the two companies to offer an alternative to existing metal-free and chrome-tanned leather. DyTan is free from metal salts and ...
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News briefsWRAP wants to disseminate its Circular Design Toolkit for textile manufacturing
WRAP, a U.K.-based climate action charity that works in more than 40 countries, is launching its Circular Design Toolkit. This “go-to” resource is meant to help textile organizations embed circular design principles into their design and product development processes. According to WRAP, nearly 80 percent of the carbon footprint of ...
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News briefsDates for trade show in Japan announced
Dates for the 21st Interstyle trade show of action sports and the outdoor industry, held in Japan, have been announced. The largest trade show of its kind in the country will be held Feb. 13–15, 2024. Interstyle began as a business show for action sports related to surfing, skateboarding and ...
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News briefsCrocs launches Retail Takeback pilot program
Crocs has launched a Retail Takeback Pilot Program in the U.S., to donate or recycle old shoes. Under the program, consumers can bring old Crocs shoes, in any condition, back to all of the brand’s retail stores in 10 states: Colorado, Georgia, Illinois, Michigan, Massachusetts, Minnesota, Ohio, Pennsylvania, Virginia and ...
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News briefsSigna Sports United files for insolvency
Sports e-commerce company Signa Sports United (SSU), controlled by Austrian investor René Benko’s Signa Holding, has filed for insolvency. The Bielefeld District Court, where the application was filed, appointed Munich-based lawyer Christian Gerloff as insolvency administrator. The German business newspaper Handelsblatt was the first to report the insolvency filing, which ...
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News briefsGolf apparel market’s growth is fueled by mobile solutions and social media
The global golf apparel market is projected to accelerate at a compound annual growth rate (CAGR) of 6.26 percent during the 2022-2027 period, according to a new 163-page report by Research and Markets, titled “Global Golf Apparel Market 2023-2027.” The adoption of integrated mobile solutions that enhance the overall golfing ...
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News briefsInditex to buy €70m worth of Ambercycle’s Cycora
Inditex, Zara’s parent company, has partnered strategically with Los Angeles-based material sciences firm Ambercycle to help scale textile to textile recycled polyester. As part of this agreement, Inditex has signed a three-year commitment to buy Ambercycle’s textile-to-textile recycled polyester Cycora for over €70 million. Cycora is an innovative material made ...
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News briefsGozen secures $3.3 million in funding
Gozen, a San Francisco-based biocreation start-up founded and led by Ece Gozen, has announced a $3.3 million funding round. The funding comes from Happiness Capital (lead investor), Accelr8, Astor Management, and SOSV. This investment will enable Gozen to accelerate research, development, and scaling efforts for its debut biomaterial, called Lunaform, ...
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News briefsUA unveils first signature athlete with Curry Brand
Under Armour (UA) has announced the Sacramento Kings point guard, De’Aaron Fox, as the first signature athlete with Curry Brand on a new multi-year partnership. The 25-year-old NBA player has been sporting Curry Brand footwear throughout the 2022/23 season. In his new role, he will work closely alongside Stephen Curry ...
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News briefsReebok Basketball announces first endorsement deal under Shaq’s lead
Reebok has announced a new endorsement agreement with American college basketball player Angel Reese. It is the first signing since former NBA star Shaquille O’Neal was named president of Reebok Basketball earlier this month. Reese plays for the Louisiana State University (LSU) Tigers of the Southeastern Conference. O’Neal also studied ...
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News briefsAsics announces first Indian event promoting start-up collabs
Asics Corp. has announced that Asics Ventures Corp., its investment arm, will host an event with Indian start-ups titled Asics Innovation Pitch in India. The event is powered by the Indian firm GHV Accelerator. This is Asics’ sixth program for start-ups, following the Asics Tenkan-Ten, which was held twice in ...
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News briefsMitre and The FA launch new three-year partnership
Mitre, a Pentland brand, has entered into a new three-year partnership with The Football Association (FA), the highest-ranking football governing body in England and the Crown Dependencies of Jersey, Guernsey and the Isle of Man, which will see a range of new football designs inspired by football fan culture. The ...
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News briefsDb achieves B Corp status
Db, makers of luggage for activities including surfing and snowboarding, has achieved B Corp status. Db achieved a 98.1 score, compared to the minimum requirement of 80. To complete the certification, Db has taken certain steps to cement its commitment to being legally accountable to all of its stakeholders – ...
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News briefsBoardriders laying off workers in California
Boardriders is laying off 84 employees following the completion of its acquisition by Authentic Brands Group in September. This is according to a WARN (Worker Adjustment and Retraining Notification) notice filed in California. The layoffs are part of a restructuring that also affects the positions of CEO, Global CFO, Chief ...
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News briefsElite Prospects is Official Career Partner of 2024 IIHF World Junior
Everysport Group’s hockey platform Elite Prospects becomes official career partner of the 2024 IIHF World Junior Championship to be played in Gothenburg this Christmas/New Year. Elite Prospects already supports the development of international hockey in a variety of ways and now joins the list of national partners for the 2024 ...
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News briefsLi Ning updates Q3 results
Retail sell-throughs for Li Ning, excluding the group’s Li-Ning Young business, increased by mid-single-digits year-over-year in Q3. Retail/wholesale (offline channel) sales rose by high single digits; direct sales improved by the “low twenties,” wholesale franchised distributor sales inched up by a low single digit, and e-commerce sales slipped by a ...
