News Briefs – Page 79
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News briefsCrocs refinances $1.18 billion debt and lowers borrowing rate
Crocs repriced $1.18 billion in debt under its Term Loan B facility through a refinancing amendment. The move has lowered the facility’s borrowing rate by 0.50 percent. “I am very pleased with the outcome of this refinancing transaction. We successfully achieved a 0.50 percent reduction in our Term Loan B ...
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News briefsFootway’s creditors consent to continuation of reorganization
The creditors of the Swedish Footway Group AB, operator of specialized online stores, which has been in reorganization since July 25, have given the go-ahead for the continuation of the ongoing reorganization until Oct. 25 at the Solna District Court. Despite historic profitability and strong growth, the publicly traded company ...
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News briefsNike Rise concept store opens in India
Nike has opened its first digital flagship concept store, Nike Rise, at Phoenix Marketcity in Chennai on the Bay of Bengal in eastern India. The store was opened by RJ Corp, India’s leading conglomerate operating sports and F&B franchises, on August 6, 2023. Spread over 470 square meters, Nike Phoenix ...
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News briefsSkechers Partners launches Visual Artist Series with first artist collab
Source: Skechers Skechers x Jen Stark To kick off its new Visual Artist Series, Skechers has teamed up with Los Angeles-based artist, muralist and designer Jen Stark to reinterpret some of its most popular styles. Through 2024, the series will spotlight the different designs of various artists ...
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News briefsNew share issue to help XXL
According to ehandel.se and as mentioned by SGI Europe earlier, Norwegian sporting goods chain XXL is looking to fill its coffers with 500 million Norwegian kroner (€43.2m) through a fully guaranteed new share issue after losses of nearly NOK 600 million (€51.9m) this year. Accordingly, the company is proposing a ...
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News briefsNew Balance signs its first female basketball athlete
New Balance has signed its first female basketball player. The 4xAll-American, WBCA Defensive Player of the Year and FIBA 3X3 World Cup MVP, Cameron Brink has signed with the brand, with New Balance saying, “Cameron’s ability to dominate on the court, give back to the sport, and inspire female athletes ...
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News briefsPickleball growing fast in the U.S., report confirms
The Sports & Fitness Industry Association (SFIA) and the online platform Pickleheads have released a report on the state and growth of pickleball in the U.S.. By its estimate, the sport has grown 85.7 percent year-on-year and 158.6 percent over three years. In 2022 there were some 8.9 million players ...
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News briefsSkechers launches football range with Harry Kane as new brand ambassador
Captain of the England national football team Harry Kane, who recently signed to FC Bayern Munich, has entered a long-term partnership with Skechers that extends beyond the pitch. Kane will be at the forefront of the brand’s first football boots, launching in the UK and Europe in September, and will ...
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News briefsNew VP and GM for OrthoLite Cirql
Performance footwear insoles company OrthoLite has announced Matt Thwaites as its new Vice President and General Manager of OrthoLite Cirql, the footwear solution that enables circularity for brands and factories. Thwaites brings more than two decades of experience in sales and operations in the textile industry to his new role. ...
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News briefsHeydude has new content creator partner
Casual footwear brand Heydude has announced a partnership with content creators Dude Perfect. In what is a long-term partnership, the American sports and comedy group Dude Perfect will work in lockstep with Heydude on upcoming brand campaigns and creating bespoke content for the brand. The five members of Dude Perfect ...
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News briefs361 Degrees’ H1 operating profit up by 29 percent
The Chinese group 361 Degrees reported an operating profit of 992,781 million yuan renminbi (€132.8m) from RMB 771,944 million for the six months ended June 30. Profit attributable to shareholders increased by 28 percent to RMB 703,646 million (€94.1m) as gross margin improved by 20 basis points to 41.7 percent ...
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News briefsSaucony and Polygiene partner on latest product range
Following on from the launch of the partnership in March 2023, Saucony has unveiled more Polygiene-treated products in its July Spring Summer Collection. Source: Polygiene Polygiene’s StayFresh antibacterial technology inhibits the growth of odor-causing bacteria, so garments need less washing, customers save water and energy, and products ...
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News briefsUvex Sports Group parts ways with CEO and CFO
Uvex Group, the parent of brands including Alpina, Hiplok and Uvex, is to part ways with both its Uvex Sports Group CEO Christophe Weissenberger and CFO/COO Dr. Michael Dannhauser with immediate effect. Source: Uvex Group Michael Dannhauser (l) and Christophe Weissenberger (r) “We would like ...
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News briefsPádel Nuestro helping to restore a lagoon
Pádel Nuestro is lending a hand to Spanish environmental non-profit, Asociación de Naturalistas del Sureste (Association of Southeast Naturalists, or ANSE) in its efforts to restore a saltwater lagoon off Murcia. Tons of fish died in the Mar Menor (Minor Sea), as the lagoon is called, in the autumn of ...
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News briefsSnow sports apparel market to grow 6% by 2027
The snow sports apparel market is estimated to increase by US$1.65 billion from 2022 to 2027. The market will be progressing at a compound annual growth rate (CAGR) of 6.12 percent, according to a new report by tech research and advisory firm Technavio. Growth is being driven by the rising ...
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News briefsWorld Boxing announces its first six member federations
World Boxing, the breakaway international federation set up in April 2023 to rival the International Boxing Association (IBA), has announced its first six official members. In addition to USA Boxing, which was the first national federation to join the new body, World Boxing has also confirmed New Zealand Boxing, Boxing ...
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News briefsLe Coq Sportif and Paris 2024 unveil apparel range
French brand Le Coq Sportif and Paris 2024 have unveiled the Essentiel apparel collection, the first in a series of ranges that celebrate the 2024 Olympics. Two more ranges, dubbed Graphique and Sport, are set for launch by the end of the year. The garments in the new Essentiel Paris ...
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News briefsDecathlon UK launches affordable Back to Sport Pack
Decathlon UK has launched a Back to Sport Pack that costs under £25 (€29), to allow all kids to participate in sports. The kit, available in-store and online for ages 4–15, comprises shorts, a t-shirt, trainers and a backpack. Data from the sporting goods retailer has revealed that 63 percent ...
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News briefsNew CEO for Wolverine World Wide
Wolverine World Wide, Inc. announced that it has appointed Christopher Hufnagel, current President of Wolverine, as President, Chief Executive Officer, and member of the Board of Directors, effective immediately. He succeeds Brendan Hoffman, who is no longer with the company. Source: Wolverine World Wide New CEO of Wolverine ...
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News briefsStruggling Superdry secures £25 million from Hilco Capital
Superdry has announced that it has secured a secondary lending facility of up to £25 million (€29m) from Hilco Capital, a London-based firm that specializes in restructuring and refinancing other companies. The fresh funding is supposed to help accelerate Superdry’s turnaround plan and cost-cutting program. The arrangement with Hilco is ...
