All Sporting Goods Intelligence articles in Volume 35, Issue 23+24 – Page 2
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News briefsGolden Goose set to value almost €1.9bn at IPO
Italian luxury sneaker brand Golden Goose is aiming for a market capitalization of up to €1.86 billion when it goes public on the Milan Stock Exchange. The company has set a price range of €9.50 to €10.50 for the listing in order to raise up to €558 million before exercising ...
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AnalysisAnalysis: The top sporting goods industry performers by sales and profits in 2023
Annual profitability fell by 10.4 percent in 2023, with a decline in annual revenues of almost 3 percent. Find out more in our latest scorecard.
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ArticleDespite unsatisfactory 2023 result, Hummel’s CEO aims for top-ten market position
In its 2023 financial statements, Danish sports brand Hummel set a new sales record for the third year in a row. Revenue increased from 2.201 billion Danish kroner (€295.06m) in 2022 to DKK 2.225 billion (€298.27m) in 2023. Still, the cost of realizing inventory, rising interest rates and bankruptcies of ...
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News briefsAsics Olympic collection for Japan stands for sustainability and diversity
The upcoming Summer Olympics and Paralympics in Paris will see a wealth of product releases in terms of athletes’ clothing, footwear and other equipment. The Japanese team has now been kitted out with clothing and footwear by Asics. The brand says it created its collection around three themes: conditioning, sustainability ...
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ArticleSports fashion giant rises as New Era takes over ’47
New Era and ’47, a privately held premium sports lifestyle brand, have announced an agreement under which New Era acquires ’47.
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ArticleANWR Group is confident about the future
At the Annual General Meeting of the international trade cooperation ANWR Group eG on June 5 in Mainhausen, Germany, the Executive Board presented the strategic fields of action for the coming years under the motto “We make trade successful”. In the future, the ANWR Group will strongly focus on the ...
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Short stops
Short Stops Week 24, 2024
ATHLETES +++ On’s European professional track team, On Athletics Club Europe, has added Frenchman Vincent Guyot to its coaching staff as an assistant coach +++ Rip Curl is a new sponsor of the Eddie Aikau Big Wave Invitational, the big wave surfing tournament held at Waimea Bay, Hawaii +++ +++ ...
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ArticleZumiez sees improving trends, another loss in Q1
US retail group Zumiez, which operates 86 Blue Tomato doors across the EU, narrowed its Q1 operating loss and realized improving sales and merchandise margin trends. “Our Q1 results are a further indication that we are progressing towards positive comparable sales and improved profitability,” Zumiez CEO Rick Brooks said. ...
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ArticleIBA and IOC tangle over plan to pay out prize money to boxers
The International Boxing Association (IBA) says that it will be awarding a purse for every medal in boxing at the Paris Olympics. Half will go to the athlete, a quarter to the national federation, and a quarter to the boxer’s coach. The purse will be $100,000 for gold, $50,000 for ...
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News briefsMacron announces new partnership deals and renewals
Macron, the team wear and sportswear brand headquartered in Bologna, Italy, has announced a series of new and renewed agreements with clubs across Europe. Starting next season, Macron will be the new technical sponsor of FK Austria Wien, the most successful club in Austrian football history. Austria Wien was officially ...
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ArticleGlobal golf equipment market to post 3% CAGR by 2028
The global golf equipment market size is projected to grow at a compound annual growth rate (CAGR) of nearly 3 percent during the 2024-2028 forecast period, according to a new report by research and advisory firm Technavio. The golf equipment market encompasses a wide range of products, including golf clubs, ...
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ArticleReynold Hoover named CEO of LA28
Source: LA28 The Organizing Committee of the Olympic and Paralympic Games Los Angeles 2028 has announced the appointment of US Army veteran Reynold Hoover as Chief Executive Officer. He will direct the Committee’s day-to-day work and report to Casey Wasserman, the LA28 Chairperson and President. Hoover will ...
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News briefsWIT Fitness’ founders return to the brand
The original founders of specialist training brand WIT Fitness, Sam Kitching and Daniel Williams, are returning to the brand. Frasers Group acquired WIT Fitness in January 2024 out of administration. Kitching and Williams have now bought back a majority stake through Friday&, where Kitching serves as Managing Partner. Frasers will ...
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News briefsR-Gol acquires Unisport to forge global football merch empire
R-Gol, backed by Innova Capital, has acquired Unisport from Nordic Capital. The merger combines R-Gol’s strong presence in Central and Eastern Europe with Unisport’s influence in Northern and Western Europe, aiming to shape a leading force in the football retail sector. With a projected combined revenue exceeding €200 million in ...
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News briefsOn announces multi-year collaboration with Zendaya
Source: On Zendaya for On Sportswear brand On has welcomed actress Zendaya as a brand partner, embarking on a multi-year collaboration aimed at redefining certain product lines and fueling discussions on movement and well-being. This partnership was unveiled following the release of Zendaya’s tennis-focused drama, “Challengers,” which ...
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News briefsOneFootball teams up with Stadion to launch soccer marketplace
OneFootball has announced a new collaboration with Stadion, a London-based digital sports agency, to introduce a unique online soccer marketplace. This venture aims to integrate a personalized e-commerce platform within the OneFootball app, providing AI-powered product recommendations to fans. Set to debut this summer, the marketplace will allow fans to ...
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News briefsKettler and 25hours Hotel Zürich West launch cooperation
Since March 2024, guests staying at the 25hours Hotel Zürich West can train on Kettler fitness equipment, the company announced in a press release issued in early June. The collaboration between the sports equipment manufacturer and distributor Trisport AG and the 25hours Hotel Zürich West includes the hotel gym as ...
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News briefsSkechers donates more than $11m to animal welfare through BOBS
Skechers has raised a total of $11 million in donations through the sale of its BOBS from Skechers collection, which has helped rescue and support over 2 million animals in need since its launch in 2015. To celebrate this milestone, the company has launched a month-long celebration that includes pet ...
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News briefsNYC-based investment manager acquires Outdoor Voices
New York City-based consumer-focused investment manager Consortium Brand Partners (CBP) has announced the acquisition of Outdoor Voices, an athleisure lifestyle brand founded in 2013 by Tyler Haney, also from New York City. This is CBP’s second acquisition, following the announcement of a majority stake in Reese Witherspoon’s fashion and lifestyle ...
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News briefsDecathlon Spain suffers indirect cyberattack
On May 27, according to Europa Press, Ciclogreen, the company behind an eponymous mobile app through which corporate employees can “earn rewards for recording their sustainable commutes to work by participating in fun challenges,” endured a cyberattack. One of Ciclogreen’s clients is Decathlon Spain, some of whose employee email addresses ...
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