News Briefs – Page 99
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News briefsNautilus sells namesake trademark, pays down debt
Nautilus, Inc. has completed the sale of non-core assets, including the Nautilus brand trademark assets and related licenses, for approximately $13 million. The connected home fitness solution company used the net proceeds from the divestiture to pay down part of its term loan. Additionally, the Bowflex parent has improved the ...
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News briefsEuropean Refugee Team to compete at European Games in Poland
A European Olympic Committee (EOC) Refugee Team will compete at the upcoming Kraków-Małopolska 2023 European Games later this year due to a joint effort between the EOC and the Olympic Refuge Foundation (ORF). It will be the first time such a team competes in continental Games. The team is set ...
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News briefsAuthentic Brands Group and Global Citizen present Take Action initiative
Reebok’s owner Authentic Brands Group is teaming up with international advocacy organization Global Citizen on Take Action, an exclusive initiative “to encourage consumers to activate their purchasing power and drive change toward the most urgent issues facing humanity and our planet.” As we previously reported, Authentic and Global Citizen announced ...
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News briefsSarah Massey appointed as RWC 2025 managing director
Sarah Massey has been appointed managing director of the Local Operating Company (LOC) for England’s Rugby World Cup (RWC) 2025, which will be the tenth edition of the women’s RWC. The LOC is a joint venture between World Rugby and the Rugby Football Union (RFU), or England Rugby. Most recently, ...
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News briefsKevin Durant becomes third NBA athlete to ink lifetime deal with Nike
Nike and basketball star Kevin Durant have agreed to a lifetime contract. Durant is just the third NBA player to land a lifetime deal with Nike, following both Michael Jordan and LeBron James. Durant’s relationship with the American sportswear giant dates back to 2007. The 34-year-old player has released 15 ...
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News briefsRusty relaunches in Europe
Rusty Apparel is about to make a comeback in Europe. A new distribution structure for the European market is currently being set up from Germany. “We are thrilled to bring Rusty Apparel back to Europe,” says Matthias Warns of Jeff Green Vertriebs GmbH in Varel, which is responsible for setting ...
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News briefsSuperdry confirms equity raise
As reported by RetailWeek, Superdry has officially announced a capital increase to strengthen its balance sheet as part of a turnaround program. The brand intends to raise gross proceeds of approximately £12 million (€13.6m) by issuing new shares in a placing and retail offering. Founder and chief executive Julian Dunkerton ...
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News briefsSkechers promotes Richard Parker to Managing Director for UK and Ireland
Skechers promoted Richard Parker to Managing Director for the UK and Ireland. During his 22-year tenure at Skechers, the footwear industry veteran has held nearly every position within the UK & Ireland sales department, starting as an area sales manager before handling key accounts and national accounts such as QVC ...
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News briefsVeNetWork acquires Unimonteco and creates VeNeSport, a new sports shoes network in Italy
VeNetWork SpA, a business accelerator that brings together 73 entrepreneurs from Italy’s Triveneto area, has announced the creation of VeNeSport, a new network of companies with a focus on sports footwear. Innovation consultant Flavio Alberti will head VeNeSport as the network’s president. The first company to join the new network ...
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News briefsSkechers acquires Scandinavian distributor
Skechers has signed an agreement to acquire its existing Scandinavian distributor, Sports Connection Holding ApS. Sports Connection’s business includes 58 existing Skechers retail locations, several e-commerce solutions and more than 1600 wholesale customers. The company was established in Denmark in 1994 and has been Skechers’ exclusive distributor in the Nordic ...
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News briefsIntersport to acquire Go Sport
The commercial court of Grenoble has come to a decision with respect to Go Sport Group, ruling today in favor of Intersport France’s bid for the company, according to BFM Business. Making its offer in a joint venture with the Qatari firm Al-Mana, Intersport has prevailed over about 20 companies ...
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News briefsAnta Sports publishes Supplier Sustainability Management Handbook
Chinese group Anta Sports has published its Supplier Sustainability Management Handbook, a 97-page document that “applies to all suppliers and their subcontractors relating to production, processing, storage, and distribution of brand products under Anta Sports.” The document includes a series of guidelines to ensure compliance with the ...
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News briefsUnder Armour sued over midsole patents
Athalonz, LLC, a company that distributes golf and baseball shoes, has filed suit against Under Armour in the East Texas District Court, accusing the company of infringing patents on its Hovr, Curry 4 FloTro and Harper 7 models for specially shaped midsoles with variable foam density designed to provide wearers ...
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News briefsUEFA is considering Champions League final in the U.S.
In an exclusive interview with Men in Blazers, a soccer-focused media company in North America, UEFA president Aleksander Čeferin said that the UEFA Champions League final could be held in the U.S. in the future as UEFA seeks to capitalize on the sport’s rising popularity in the country. The Champions ...
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News briefsNike to open new 1,200 sqm concept store in the U.K.
Nike will open a new, digitally focused, 1,200-sqm store in Manchester, U.K., in the city’s Arndale shopping center. The two-story store will focus on the Nike Rise concept, which uses digital services to empower athletes to make sport a daily habit, according to RetailGazette.co.uk. Manchester Arndale is one of the ...
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News briefsFanatics appoints new head of investor relations
Fanatics, the world’s leading digital sports platform, has just hired a new head of investor relations with experience in publicly traded companies. Deborah Crawford, most recently VP and head of IR at Meta, has been named SVP and head of investor relations at Fanatics, rumored for years to be planning ...
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News briefsAmazon winds down its line of Halo health and fitness devices
Amazon has announced that it will stop supporting Halo, effective July 31, 2023. In practical terms, it means that beginning on Aug. 1, 2023, Halo devices and the Halo app will no longer function. The decision was due to “significant headwinds, including an increasingly crowded segment and an uncertain economic ...
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News briefsVista Outdoor PAC donates $85,000 to five nonprofits
Vista Outdoor has announced that it will donate $85,000 in unused funds from the Vista Outdoor Political Action Committee (PAC) to five American-based nonprofit organizations. The funds will be split evenly between the Congressional Sportsmen Foundation, National Interscholastic Cycling Association, Recreational Boating and Fishing Foundation, American Junior Golf Association, and ...
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News briefsFrasers Group to introduce loyalty scheme across all brands
Frasers Group, the owner of Sports Direct, is set to launch a new membership program called Frasers Plus in the U.K. market. Speaking at the World Retail Congress in Barcelona on April 26, Frasers Group’s chief executive, Michael Murray, described the solution as the retailer’s version of Amazon Prime. Frasers ...
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News briefsAlpargatas’ CEO to step down
Brazilian footwear and apparel group Alpargatas, owner of flip-flop sandal brand Havaianas, informed its shareholders on April 27 that members of the board of directors have received the resignation letter of Roberto Funari, the company’s CEO. As a result, the board has decided to appoint Luiz Fernando Ziegler de Saint ...
