News Briefs – Page 70
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News briefsAuthentic Brands Group furthers strategic partnership with Liberated Brands
Authentic Brands Group has entered into a new long-term agreement with its strategic partner Liberated Brands, to be the retail and e-commerce operator for its brands Quiksilver, Billabong, Roxy, RVCA, Honolua and the recently acquired Boardriders in the US and Canada. Additionally, Liberated will become the license partner and wholesale ...
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News briefsNautilus, Inc. receives stock delisting warning
Nautilus, Inc. has revealed that it received notice from the New York Stock Exchange (NYSE) that it is not in compliance with NYSE’s listing criteria. The notice, issued on Sept. 21 was given because the average closing price of the company’s stock was less than $1.00 per share over a ...
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News briefsMarks & Spencer expands its online roster of sports brands
British retailer Marks & Spencer (M&S) has added an extensive mix of womenswear products from Adidas and Sweaty Betty to The Sports Edit online platform, in line with its strategy of enhancing its Sportswear category. This latest addition brings the total number of third-party sportswear brands available on M&S.com to ...
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News briefsXtep announces brand strategy upgrade and international store opening support initiatives
Chinese sportswear company Xtep has announced its brand strategy upgrade of “World-class Running Shoes of China Xtep.” Marking a new chapter in innovation, the company launched the latest additions to its 160X running shoe series – the 160X 5.0 PRO and 160X 5.0 models. The new 160X running shoes adopt ...
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News briefsPeloton appoints new Chief Product Officer as co-Founder Tom Cortese steps down
Peloton has announced the appointment of Nick Caldwell as Chief Product Officer, effective Nov. 1, 2023. Caldwell succeeds Peloton Co-Founder, Tom Cortese, and will report to CEO Barry McCarthy, leading global product development. The connected fitness brand describes Caldwell as a Silicon Valley veteran with more than 20 years of ...
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News briefsNew study shows circular strategies can help brands grow while reducing carbon emissions
Confirming what many already suspected, a new study released by Trove and the impact intelligence platform Worldly has concluded that circular strategies can lead to significant carbon reduction in the fashion industry. The study, entitled Where Are Circular Models Effective Sustainability Strategies for Fashion Brands?, models the impact of resale ...
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News briefsGolf equipment market projected to grow at 4% CAGR by 2028
The golf equipment market, which was worth US$7.6 billion in 2022, is projected to post a compound annual growth rate (CAGR) of 4 percent during the period 2023–2028, according to a new report by Research and Markets. The growth will be primarily driven by the increasing popularity of golf, with ...
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News briefsZalando creates VP of Creative Direction role
Zalando has appointed Morten Grubak as new Vice President of Creative Direction as of Oct. 1. Grubak will be responsible for the creative direction of the Zalando brand in the newly created role. Source: Zalando Grubak, who joins from the Vice Media Group where he led the ...
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News briefsDescente divests Le Coq Sportif for China
Japanese apparel company Descente is transferring the Le Coq Sportif brand for mainland China to its consolidated subsidiary Le Coq Sportif (Ningbo) Co, Ltd. for 4.9 billion Japanese yen (€31.1m). Le Coq Sportif (Ningbo) is 75 percent owned by Descente and 25 percent owned by Itochu Textile China and was ...
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News briefsPuma to sponsor Dux
Puma has signed a two-season deal to become the technical supplier for Dux Gaming, according to Esports Insider and Tradesport. Dux operates in both sports and e-sports, in the latter case competing in FIFA (EA Sports FC), NBA 2K and Formula One. In addition to such e-sports teams, Puma will ...
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News briefsDecathlon opens fifth Austrian store
Source: Decathlon/Romar Ferry Gábor Pósfai, Managing Director Decathlon Austria. Five years after the opening of the first Austrian store in the SCS Park in Vösendorf, the fifth Decathlon location is to follow on Sept. 29. Customers will find equipment and clothing for more than 70 sports on ...
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News briefsChief Digital Officer Zalaznik to leave Adidas
Germany’s Manager Magazin reported that Adidas’ Chief Digital Officer Scott Zalaznik will be leaving the company. His successor will be Tobias Seemann, who joins Adidas as Senior Vice President Global Digital and eCommerce in October. Seemann already worked at Adidas as SVP Commercial Europe from 2020 to 2022 and before ...
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News briefsJD closer to buying Courir
The acquisition of Courir has advanced to the next stage, with JD Sports Fashion signing an agreement to make the purchase for €520 million, as CMDsport reports. The sum is to comprise €325 million in cash and €195 million in redemptions. The deal remains subject to regulatory approval but is ...
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News briefsPeloton Appoints SVP of Apparel & Accessories
Peloton has named Cédric Fletcher as its new Senior Vice President of Apparel and Accessories. Fletcher has held leadership positions at several apparel and sporting goods companies, most recently as Chief Product Officer at men’s apparel brand True Classic. Prior to that, he was Chief Merchandising Officer at Under Armour ...
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News briefsVölkl creates role of Global Brand Business Director
Source: Völkl Markus Knipschild, Global Brand Business Director Völkl Already since June 1, 2023, Markus Knipschild has been in charge of the strategic orientation of the traditional German ski brand Völkl as Global Brand Business Director. The newly created position focuses exclusively on the Völkl brand, which ...
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News briefsPuma’s Voices of a Re:Generation initiative sees addition in India
Source: Puma Aishwarya Sharma Puma has expanded the regional reach of its Voices of a Re:Generation initiative beyond Europe and the U.S., adding Indian sustainable fashion advocate Aishwarya Sharma to the project. Sharma is part of Puma’s list of thought leaders in the year-long project, which aims ...
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News briefseBay's new financing option supports circular fashion solution providers
eBay UK has announced a partnership with the British Fashion Council to launch the Circular Fashion Innovator’s Fund, offering £100,000 (€150,000) in funding for small businesses specializing in circular fashion solutions. The fund hopes to bring new technology and services to the market that will make people think and shop ...
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News briefsAdidas sues LIV Golf over trademark infringement
Adidas has filed a petition with the Trademark Trial and Appeal Board of the U.S. Patent and Trademark Office against five trademark applications filed by LIV Golf, the Saudi Arabian professional golf league whose CEO is former professional golfer Greg Norman. Adidas claims that the “L” in LIV Golf’s logo, ...
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News briefsLeather Naturally launches a digital exhibition highlighting leather circularity
Leather Naturally has launched a digital exhibition that is meant to spotlight and celebrate the role that leather plays in a circular, sustainable economy. Featured brands include Adidas, Puma, Coach, Dr Martens, Schott NYC, Ecco, Dents, The Boot Repair Company, Leather Repair Company, Chicago School of Shoemaking, Anya Hindmarch, and ...
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News briefsIOC and UN-Habitat team up to promote sport in urban environments
The International Olympic Committee (IOC) and the United Nations Human Settlements Programme (UN-Habitat) have announced a new partnership to promote physical activity in urban environments, underscoring the role of sport as an enabler of sustainable development of cities and the well-being of their residents. The collaboration was announced at the ...
