Dr. Williamson will transition from president and chief operating officer to chief executive officer, effective October 14. He has worked in multiple roles since 2015 for the Bio-Vera sustainable-materials brand.
Category: Sports/Fitness
Optima Cycles Acquires Dolly Bikes
Amsterdam-based e-bike and electric cargo bike manufacturer Optima Cycles strengthens its position in the growing e-cargo bike market with the acquisition of Dolly, the e-cargo bike brand based in Utrecht, Netherlands.
361 Degrees Owned-Retail Posts Robust Growth in Q3
361 Degrees International, Ltd. reported brick-and-mortar retail sales of 361º core-branded product increased over 10 percent year-over-year for the third quarter of 2024, ended September 30, expanding at the same rate as the second quarter.
Survey: Inflation a Top Concern for Holiday Shoppers
Manhattan Associates, Inc.’s 2024 Supply Chain Confidence Survey found that 85 percent of consumers cited inflation and increased prices as a top concern for how they will shop for the upcoming holiday season.
Look Cycle Group To Divest Bicycle Wheel Specialist Corima
LCG has sold the high-end carbon bike wheel specialist Corima to a group led by Pierre-Jean Martin, its co-founder, who has overseen the Corima business as LCG’s chief technology officer.
Pinarello Opens Flagship in Zurich
Bottega di Pinarello, at Bärengasse 10, is a kilometer from the Sechseläutenplatz, where each UCI Road World Championships race finishes. The store offers Pinarello’s full range of products.
EXEC: Sports Direct Parent Acquires Minority Stake in Online Retailer THG
Frasers Group, the parent of Sports Direct, agreed to buy a £10 million ($13 million) stake in THG, formerly The Hut Group. The fundraising will enable the online retailer to spin off its unprofitable tech unit, Ingenuity.
EXEC: Nike’s Stock Nets “Buy” Upgrade on Leadership Changes
Nike scored its first rating upgrade since news arrived of Elliot Hill’s appointment as CEO. Truist Securities’ Joe Civello believes Nike’s increasingly veteran-driven management team can revive the brand’s marketing and innovation, including better promoting Caitlin Clark, while continuing to repair wholesale relationships. Civello also cited selling direct on Amazon as a “game-changer” opportunity.
LeagueApps Secures Additional Equity Investment
Founded in 2010, LeagueApps powers youth and local sports organizations across eight team sports, pro leagues, and teams and supports engagement with parents and coaches.
Galfer Appoints New Global Marketing Director
Guillermo Font is a 20-plus-year marketing and brand development veteran who has worked across various sectors and countries, driving growth and innovation.
CNBC/NRF Retail Monitor Sees Consumers Pull Back Spending In September
Retail sales saw a slight month-over-month drop in September but consumers continued to spend more than last year as interest rates and inflation fell and employment rose, according to the CNBC/NRF Retail Monitor.
Niner Bikes Moves To New Location in Fort Collins
Niner Bikes, owned by parent company United Wheels, is leasing a new office space in Fort Collins, CO to support growth plans.
Reyhee Group Recalls Droyd Youth Bike Helmets
About 400 Droyd multi-purpose youth helmets have been recalled for failing to comply with the positional stability, retention system, impact, labeling, and certification requirements of the mandatory federal safety regulations for bike helmets, posing a risk of head injury.
Rebel Sport’s Parent Appoints Amazon Exec As Director
Super Retail Group, appointed Kate Burleigh, formerly a regional Amazon executive, as a non-executive director, effective November 11.
Reju Launches First Recycling Facility in Germany
Materials recycling company Reju, led by former Under Armour CEO Patrik Frisk, with offices in Europe and North America, has opened its Regeneration Hub in Frankfurt, Germany with expected deliveries to begin in 2025.
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