News Briefs – Page 82
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News briefsBasicNet H1 Ebitda rises slightly
The Italian parent of Kappa, Robe di Kappa, K-Way, Superga, Sebago and other brands suffered a 31 percent decline in H1 net profit to €7.4 million as aggregate group brands revenues reached €558.3 million for the six months ended June 30. Ebitda was €22.6 million versus €22.4 million. Commercial ...
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News briefsParis Saint-Germain opens 4th U.S. store in Las Vegas
The new Las Vegas 172-sqm Paris Saint-Germain (PSG) store, which will be managed by Lids, is the French league football club’s fourth location in the U.S. following openings in Los Angeles (2021), New York (2022) and Miami earlier this year. It is located in the Forum Shops at Caesars Palace ...
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News briefsPou Sheng experiences H1 recovery on improving trends
The retail subsidiary of Yue Yuen, citing recovering consumer momentum in China and “particularly strong” omnichannel results, has reported preliminary results for the first half ended June 30. Revenues rose approximately 11 percent year-over-year to 10.960 billion yuan renminbi (€1.47bn). Profit attributable to employees was approximately RMB 305 million (€40.8m), ...
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News briefsWomen’s volleyball brand Avoli launches first collection
Avoli, a US-based volleyball brand aimed exclusively at women and girls, launched its first line of products on July 27, featuring the Avoli Low-Top volleyball shoe, as well as recovery slides, knee pads and sleeves. The new Avoli shoe was designed specifically for the demands of women’s volleyball and the ...
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News briefsIndia considers incentivizing the textile industry to promote sustainability
The Indian government is considering incentivizing the textile industry to help promote sustainability practices, Fibre2Fashion has revealed. Roop Rashi Mahapatra, textile commissioner at the Government of India, delivered the message in a webinar titled “Sustainability in Action: Exploring Circularity and Sustainable Solutions in the Textile Industry,” organized by Fairtrade India ...
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News briefsLondon Sneaker School opens a pop-up store in Mayfair
The London Sneaker School (LSS) is opening a concept pop-up store on Savile Row, a street in Mayfair, central London, known principally for its bespoke tailoring for men. LSS provides insights and lessons on shoemaking and starting a sneaker brand. Classes include traditional shoemaking techniques to train people to get ...
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News briefsJD Sports to open 1,000-sqm flagship on Champs-Elysées
JD Sports will open a new flagship store at 118 Champs-Elysées in Paris. Passers-by can already see the stickers that have been affixed by the British retailer on the windows of its new space, previously occupied by Mercedes-Benz. JD Sports is planning to inaugurate the store in March 2024, according ...
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News briefsAsics supports the Kobe 2024 World Para Athletics Championships as platinum sponsor
Asics Corp. has announced a sponsorship agreement with Kobe 2024 World Para Athletics Championships as the platinum sponsor. The event, organized by the International Paralympic Committee (IPC), will be held at the Universiade Memorial Stadium in the Kobe Sports Park in Japan on May 17-25, 2024. Asics will serve as ...
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News briefsAsics has become an official sponsor of the World Athletics Athlete Refugee Team
Asics has become an official sponsor of the World Athletics Athlete Refugee Team. Through the new partnership, which will run until 2026, Asics will offer training, competition kits, and footwear for the elite and U20 refugee teams. In addition, the partnership includes access to Asics training facilities around the world. ...
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News briefsYoon Ahn adds nightlife-inspired approach to Nike football product
Source: Nike Nike x Ambush WC23 football and chainlink top and skirt In her latest collection, Tokyo-based Ambush designer and Nike collaborator Yoon Ahn puts sportswear, footwear and culture front and center while promoting fashion and self-expression – whether in the Ambush multiverse, on dance floors around ...
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News briefsAmazon’s Marketplace remedies satisfy UK regulators
The Competition and Markets Authority (CMA), the British competition watchdog, said the offer from Amazon to change the way it treats third-party sellers using its Marketplace platform in the UK addressed its competition concerns. “The CMA’s preliminary view is that the offer from Amazon addresses its competition concerns, and ...
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News briefsEssilorLuxottica signs indefinite global license with Kodak
EssilorLuxottica and Eastman Kodak Company have announced the signature of a perpetual, worldwide license agreement granting the Italo-French group the exclusive right to use the Kodak brand for all products and services connected to its business. The brand has been part of the group’s portfolio of lenses since 2010 and ...
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News briefsLVMH has become a premium partner of Paris 2024
Luxury conglomerate LVMH has become a premium partner of the Paris 2024 Olympic and Paralympic Games in an unprecedented partnership that “will contribute to heightening the appeal of France around the world,” Bernard Arnault, chairman and CEO of LVMH, said in a statement. The terms of the agreement were not ...
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News briefsMike Ashley is reportedly eyeing an outlet shopping village near Leeds
British billionaire Mike Ashley, the founder of Sports Direct, has reportedly offered nearly £50 million (€58.4m) for Junction 32, according to The Times. Junction 32 is an outlet shopping village on the outskirts of the U.K. city of Leeds, in Yorkshire. The shopping destination, which features a retail space of ...
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News briefsPadel Trend Expo preparing for its second edition
The second edition of Padel Trend Expo is scheduled for Jan. 19-21, 2024, at Allianz MiCo in Milan, Italy. Last year’s inaugural edition drew about 100 exhibitors and 18,000 visitors, some 2,000 of whom set foot on the six available pádel courts to take classes with professional coaches or try ...
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News briefsUEFA publishes ambitious ESG strategy for Euro 2024
Less than a year from the start of UEFA Euro 2024, scheduled to take place in Germany from June 14 to July 14 next year, the governing body has published the “UEFA Euro 2024 Environmental, Social and Governance (ESG) Strategy.” The UEFA European Championship is the third-largest sporting event worldwide, ...
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News briefsCastore is Britain’s second fastest-growing company, according to the Sunday Times
Castore, the sportswear brand backed by tennis star Andy Murray, has been named the second fastest-growing private company in Britain, according to The Sunday Times Hundred 2023 rankings. Recruitment firm Join Talent tops the list. Castore experienced annual sales growth over three years of 285.8 percent, according to the figures ...
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News briefsXero Shoes hires new Chief Product Officer
Following the retirement of Dennis Driscoll after a nearly 50-year career in the footwear industry, Xero Shoes has hired Michael Pao as its new Chief Product Officer, effective immediately. Pao joins Xero from Timberland, where he served as Vice President of Global Merchandising. In his 20-year career, the former professional ...
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News briefsLeki celebrates 75 years
Leki is continuing to celebrate its 75th anniversary with an online flipbook 75 Years of Leki: A look back on the company history, the Lenhart family legacy, and 75 years of innovation and growth. A collection of 75 Years of Historical Photos has also been released to mark the occasion. ...
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News briefsAdidas joins Fashion For Good’s footwear recycling pilot
Fashion for Good has launched a new pilot with brand partners, including Adidas and footwear recycling innovator FastFeetGrinded, to test and validate footwear recycling processes and to support the uptake of recycled content in footwear, towards a more circular footwear industry. Globally, 24 billion shoes are added to the market ...
