News Briefs – Page 78
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News briefsU.K.-based sneaker reseller Laced expands to Europe
Laced is now available to buyers and sellers in Europe. The London-based online platform has also launched dedicated German and French language websites. According to a report by Footwear News, Laced will grow its current staff of 80 employees by at least 25 percent, with new jobs on the continent ...
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News briefsGlobal racquet sports equipment market to post 2.78% CAGR to 2026
The racquet sports equipment market is projected to increase by US$469.78 million from 2021 to 2026, representing a compound annual growth rate (CAGR) of 2.78 percent, according to a recent report by research firm Technavio. In 2022, the market increased by 2.3 percent, recovering from the negative impact of the ...
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News briefsQatar has acquired World Padel Tour to form unified Premier Padel circuit
Qatar Sports Investments (QSI), the owner of Premier Padel, has bought the rival tour World Padel Tour from its organizer, Spanish firm Damm, for an undisclosed amount. QSI intends to combine the two competitions into a unified global circuit starting in 2024. World Padel Tour and Premier Padel will continue ...
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News briefsFIBA has a new president
Source: FIBA Sheikh Saud Ali Al Thani The International Basketball Federation (FIBA) has announced Sheikh Saud Ali Al Thani as the new President of the organization for the upcoming 2023-2027 cycle. He was elected unanimously by all in attendance at the XXII FIBA Congress in Manila on ...
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News briefsAthleta’s new President & CEO takes helm as Q2 sales dip
The Gap-owned specialty retailer suffered a 1 percent drop in Q2 sales to $341 million for the period ended July 29, a week before Chris Blakeslee became Athleta’s new president and CEO. Comparable store sales declined 7 percent in the period, an improved trend from Q1, as sales of core ...
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News briefsHead’s creative studio heads to London’s Design District
According to the U.K. publication Retail Times, Head Sport, based in Kennelbach, Austria (Head International GmbH and Head Sport GmbH) and Amsterdam (group parent Head N.V.), has chosen London’s new Design District as the new official home for its Innovations and Creative Studio. Located in 230 sqm in Building B4, ...
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News briefsThe Players Fund pioneers new model for athletes’ investments
A group of prominent athletes is backing a new London-based venture capital fund called The Players Fund. The new fund brings together renowned athlete investors with experienced venture capitalists to support start-ups while promoting athlete investing. The captain of the England Test cricket team, Ben Stokes, and former team-mate Stuart ...
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News briefsDP World Tour announces revamped schedule and record prize fund
The DP World Tour has announced that the 2024 season will include 44 golf tournaments in 24 countries and a combined record prize fund of £117 million (€137m), excluding the four major championships. The new prize fund represents an increase of around £3.4 million (€4m) from 2023. The 2024 schedule ...
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News briefsTexhibition Istanbul to put climate change at center stage
The guiding theme of the next edition of Texhibition Istanbul is United for Climate in Textiles, referring to a collaborative effort within the textile industry to tackle environmental impacts and issues associated with climate change. Source: Texhibition Istanbul The fourth edition of the fabric and accessories show ...
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News briefsCoe re-elected as World Athletics president for third and final term
British national Sebastian Coe was elected for a third term at the 54th World Athletics Congress in Budapest on Aug. 17. Under the World Athletics Constitution, this will be his final term as President. Ximena Restrepo was re-elected as a Vice President, joined by newly elected Vice Presidents Raul Chapado, ...
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News briefsMyWhoosh to replace Zwift as host platform of UCI Esports World Championships
The Union Cycliste Internationale (UCI) has announced that the virtual cycling platform MyWhoosh will be the exclusive platform and organizer of the UCI Cycling Esports World Championships in 2024, 2025 and 2026. The partnership includes qualifying rounds and a final to be held on-site in Abu Dhabi, where MyWhoosh is ...
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News briefsNew Europe GM for Puma
Source: Puma Javier Ortega Puma has appointed Javier Ortega as General Manager Europe, effective Sept. 1, 2023. He will be responsible for Central Europe, France, the UK & Ireland, Southern Europe and Nordics, reporting directly to CEO Arne Freundt. Ortega, who has been with Puma since 2009 ...
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News briefsAmer reports best H1 since acquisition by Anta
Helsinki-based sports equipment manufacturer Amer Sports has recorded its best H1 since the company was acquired by a consortium of buyers led by the Chinese group Anta Sports Products Ltd. in 2019. Amer’s revenues rose by 37 percent to 13.27 million yuan renminbi (€1.77bn) for the six months ended June ...
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News briefsVF appoints Chief People Officer
Source: VF Corp Brent Hyder, Chief People Officer VF Corp. has named Brent Hyder Chief People Officer (CPO), effective Sept. 5. Hyder will report to President and CEO Bracken Darrell and will be a member of the company’s leadership team. He succeeds Anita Graham, who departed to ...
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News briefsA look at Decathlon Spain’s FY 2022
In financial-year 2022, according to Spain’s Mercantile Register (as reported by CMDsport), Decathlon Spain generated sales of €1.869 billion (VAT excluded), 3.57 percent more than the €1.804 billion in the previous year. This is the highest total since 2018. The chain’s sales have been rising overall since 2018. There was ...
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News briefsBata India reportedly exploring partnership with Adidas for local market
Bata India said that it is exploring the opportunity of a partnership in its domestic market but had no developments to announce. ”We would like to inform that the company continues to explore opportunities for strategic alliance/collaborations/tie-up for the Indian market, and as and when matters arise that require disclosure, ...
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News briefsLadies European Tour opens performance institute with R&A
Women’s pro golf tour LET (Ladies European Tour) has launched a new LET Performance Institute (LETPI), supported by The R&A. The institute was officially launched at the AIG Women’s Open at the Walton Heath Golf Club in England on Aug. 12, in the presence of Olympic gold medalist Jessica Ennis-Hill. ...
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News briefsUYN opens its first U.K. store amidst international expansion plan
Italian brand UYN (Unleash Your Nature) has opened a store in Cambridge, its first in the UK. SGI Europe reported about this planned opening earlier this month while the brand was inaugurating another store in Peschiera, on Italy’s Lake Garda. The Cambridge store is located on Market Hill, in the ...
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News briefsThe R&A and Golf New Zealand invest in tech solutions provider DotGolf
The R&A and Golf New Zealand have announced that they are forming a strategic partnership with DotGolf, an international provider of golf technology solutions. The partnership will see The R&A and Golf New Zealand take a 50 percent equity stake in DotGolf. Based in Auckland, New Zealand, DotGolf was formed ...
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News briefsNew Wave Group boosts operating profit despite slight decline in sales
New Wave Group realized a 4.2 percent increase in segment operating income to 140.2 million Swedish kroner (€12.5m) from SEK 134.5 million for the three months ended June 30. Segment sales declined by 1.4 percent to SEK 869.2 million (€77.6m) from SEK 881.5 million. The group, which counts Craft, ...
