Strategies
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Article
Vail Resorts lays off 14% of corporate staff following quarterly report
Jobs in accounts receivable, payroll, and IT will be consolidated or outsourced to save $100 million over the next two years.
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Article
Xponential Fitness expands to Asia with boxing studio
Rumble Boxing is expanding into Japan with a studio in Tokyo.
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News briefs
New Balance opens new EMEA headquarter
The new EMEA headquarters of New Balance, located in a former bike factory, focuses on a good working environment.
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Article
Footway has sold Footway+ and halves its net debt
Footway Group has announced the sale of its subsidiary Footway OaaS AB (Footway+) for SEK 27 million (€2.4m).
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Article
Frasers aims to become the largest sports retailer in Benelux
Frasers Group strengthens presence and expands footprint in the Benelux region.
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Article
Stiga Sports partners with Swedish tennis club
In addition to its main business with table tennis bats, Stiga Sports is also developing its other bat segments ahead of its IPO.
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News briefs
Foot Locker finds a place in the sun
The retailer is moving out of New York and to the south.
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Article
Topgolf Callaway intends to split up the company
The Board of Directors at Topgolf Callaway Brands Corp. intends to split the business into two independent companies: Callaway and Topgolf.
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C-Suite Interview
New Wave Group CEO on the company’s US plans and the desire to acquire more sports brands
New Wave Group, proprietor of Craft and Tenson, has started teamwear sales in the US. An interview with CEO Torsten Jansson.
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Article
Intersport Sweden gets new owners
Adelis sells its shares to a consortium of management, existing minority shareholders and new investors.
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Article
Three stripes celebrate 75 years
Adidas celebrates 75 years of innovations in the sports industry. Or is it 100?
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News briefs
Peloton partners with Fitbit
The partnership boosted Peloton’s share price by 12 percent.
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News briefs
Japans biggest fitness chain is expanding rapidly
Rizap Group is expanding its gym chain Chocozap to China, Hong Kong and Taiwan.
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News briefs
Superdry partners with Reliance Retail to launch athleisure line in India
The strategic move follows the formation of a joint venture in October.
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Article
Spinnova and Ecco invest in leather made from waste
Since the work on leather waste-based fiber has shown good quality results, partners Spinnova and Ecco agreed to expand the business of their Respin joint venture.
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Article
Galeria’s insolvency proceedings completed, restart under own management
The insolvency proceedings of the German department store chain, formerly Galeria Karstadt Kaufhof, have been successfully concluded after almost seven months with the implementation of an insolvency plan.
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Article
Want your team to stay? Own it
After the Oakland Ballers have secured $2 million in start-up funding from nearly 50 local investors, fans are now asked to pitch in to help keep the baseball team in the Bay Area.
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News briefs
Tottenham Hotspur in crypto sponsorship
Tottenham Hotspur has announced a global brand partnership with the crypto company Kraken.
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News briefs
HanesBrands to downsize headquarters after Champion sale
North Carolinian Triad Business Journal has obtained a memo revealing that HanesBrands will move from its Hanes Mill Road campus to the Park Building in downtown Winston-Salem early next year. This is part of a plan to downsize after the company has sold Champion to Authentic Brands Group. The new ...
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Article
After disappointing Q2 report – XXL’s CEO: “We will cut more in 2024”
SGI Europe spoke to XXL’s CEO Freddy Sobin soon after the company released its Q2 report for 2024, which the company called ”disappointing.”