Monthly Archives: July 2021

PR Newswire

Festival Together! Brook Pocket Partner Month

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Call your friends to Pokémon GO together!

TAIPEI, July 6, 2021 — Get ready for the annual Pokémon Go Fest 2021. Can’t wait to join with everyone already? In response to the annual event, Brook now invites everyone in by holding the "Festival Together! Brook Pocket Partner Month" event this year. From July 1st to July 31st, the"FRIENDS PACK" will be available on Brook’s official website. The bundle offers sets of 2 Pocket Auto Catch series products with a discount, enabling everyone to join their friends in Pokémon Go together anytime, anywhere, and share the unlimited fun.

Festival Together! Brook Pocket Partner Month
Festival Together! Brook Pocket Partner Month

Many Pokémon GO players are too busy to play Pokémon GO, thus not being able to level up their Pokémon or earn resources. Over time, it can be frustrating to get defeated by other players’ high-level Pokémon in every PVP battle, and the game becomes much less fun. For players without much free time for Pokémon Go, Brook developed the Pocket Auto Catch Series bracelet to help players catch Pokémon automatically and accumulate resources such as candies, allowing the players to enjoy the game effortlessly. The Pocket Auto Catch in black looks and feels like nothing but a watch on players’ wrist, giving them the stylish and low-profile look while catching their favorite Pokémon everywhere they go.

As the latest generation Pocket Auto Catch Series, Reviver Dia and Reviver not only extend the battery life up to 18 hours but also provide higher build quality and durability with IP67 rating to offer protection against dust and water. Players have the freedom to adjust the settings for different play styles to catch Pokémon automatically, refill supplies automatically, and even be notified for new caught Pokémon species, safely enjoying the fun of Pokémon GO anytime, anywhere. For Reviver Dia,  Swarovski® elements were implanted in the design, allowing players to play Pokémon GO and maintain an elegant look at the same time.

Sharing is caring. Brook believes that players should enjoy not just playing games but also exploring with friends in the real world. Sharing Pokémon with friends is the most fun part of the game. By using Brook’s Pocket Auto Catch Series bracelets, players can easily train the best Pokémon and enjoy the game even more, standing out in every group battle with friends for victory.

In addition to the "FRIENDS PACK " during Brook’s Pocket Partner Month, Brook will also be hosting an online special event on Brook’s Facebook [Brook Pocket] & Twitter [@brookgamingfans] page. Like Brook’s page and join the event for a chance to win a Pocket Auto Catch Series, including Reviver Dia, and more surprises. Invite friends to join Partner Month and Pokémon Go together. Search "Brook Pocket" on Facebook now to like and follow Brook’s page. Secure your spot and don’t miss out!

Are you ready to call your friends to Pokémon GO together?

Product purchase

https://bit.ly/364YTaO
https://amzn.to/3qBp9TI  
https://amzn.to/3wiYD2N 

For details of the event, please refer to:

Facebook [Brook Pocket]: https://www.facebook.com/brookpocket/

Twitter [@brookgamingfans]: https://twitter.com/brookgamingfans 

Brook Design, LLC.

Brook is a gaming accessory brand from Taiwan with more than 20 years of experience in designing and manufacturing gaming hardware. In 2015, Brook released their first super converters for gaming consoles which allow your older gamepads and other controllers to adapt seamlessly to new consoles. Since we believe every gamer should enjoy the game any way they want, our team is dedicated to delivering solutions for every gamer’s wish.

#YourGameOurPlay

PR Newswire

Suning’s rural retailer Retail Cloud will open 900 new stores in Q3

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Suning.com Retail Cloud will complete its layout of 10,000 stores nationwide

NANJING, China, July 5, 2021 — Suning.com (002024.SZ), China’s leading smart retail service provider and a Fortune Global 500 company owned by Suning Group, today announced its Retail Cloud (Ling Shou Yun) subsidiary will open 900 stores in the next three months, and the home furnishing store as a new store model will be the business focus in Q3.

Data from Retail Cloud Stores shows that during China’s mid-year shopping festival "618", the growth of refrigerator and washing machine products from domestic brands including Meling and Little Swan increased by more than 100% year on year, the overall growth of high-end home appliance brand Panasonic increased by 130% year on year, the year-on-year growth of domestic kichen appliances maker VATTI reached 260%.


Officially launched in July 2017, Retail Cloud is Suning’s important business sector that aims to help micro and small business merchants thrive in lower-tier cities and county-level markets in China. The 10,000th Retail Cloud store will be launched in Q3, according to the plan.

Computers, Gaming, Lifestyle, News

Acer Nitro 5 with Intel’s 11th Generation Intel Core H-Series Tiger Lake Lands in Malaysia

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Acer’s Nitro 5 for 2021 was launched a little earlier in the year. That was the AMD Ryzen variant though. At the same time, the entry-level gaming laptop stepped out of the ‘entry-level’ segment and started becoming a high-end gaming PC the moment they fitted an AMD Ryzen 9 5900H and an NVIDIA GeForce RTX 3080 mobile GPU into the build.

That is not to say that Acer is abandoning the entry-level gaming laptop market though. The Nitro 5’s configuration choice is a testament to the segment. You can opt for an AMD Ryzen 5 processor, for example, to be paired to an NVIDIA GeForce GTX 1650. Still, there is an option missing from the Nitro 5 line-up. Until now that is.

The option we were referring to is the Intel variant of the Acer Nitro 5. After all, the Acer Nitro 5 of the past has always been Intel powered. In that sense, the update should come as no surprise. The only surprise though is the options that you get from the Acer Nitro 5 intel edition.

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Source: Acer

The latest addition to the Acer Nitro 5 family in 2021 is powered by an 11th Generation Intel Core i7-11800H (up to). Considering that the latest Intel Core i7 is the most powerful mobile platform chip based on Intel’s latest 10nm process, you are getting a lot of power for your money here still. The Processor is also paired with a potent NVIDIA GeForce RTX 3060 for good measure.

Processing power aside, you do need ample RAM and storage size to fully take advantage of a gaming laptop. For that you get up to 16GB of RAM from the Acer Nitro 5 for all kinds of creative and gaming purposes. You also get 512GB in SSD storage for speedy access to all your applications. There is an additional 2.5” SATA slot, if you want more storage for your Nitro 5. If you want to, you can also upgrade your RAM to top out at 32GB.

All these things are housed in a familiar body with a slightly redesigned display shell, for easy identification we suppose. You get a 4-zone RGB keyboard that you can easily recognise from the AMD variant Acer Nitro 5, nothing new there. You also still get WiFi 6 capability with Killer Ethernet E2600 support for smooth and stable online gaming experience.

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Unlike the AMD counterpart, the Intel powered Acer Nitro 5 only comes in two flavours though. You can choose between the more powerful Intel Core i7-11800H paired with a 16GB RAM variant and a more moderate Intel Core i5-11400H with 8GB of RAM. The Inte Core i7 variant is now available at Acer official online store, Acer’s official Shopee store, and Acer’s officially Lazada store for MYR 5,699. Every purchase made between now and 9th July 2021 will come with a free Acer Gateway FAE-i5 pro Wireless Earphones (MYR 239).

If you are on a budget and planning to get the Acer Nitro 5 with Intel’s Core i5-11400H with 8GB RAM instead, it will set you back MYR 4,799. It will only be available in Malaysia at the end of July 2021 though. For more information on Acer’s Nitro 5, do visit Acer’s website.

PR Newswire

Reckitt and Shopee support Vietnamese in fight against pandemic with ‘Protection Starts From Within’ campaign

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Reckitt’s first multi-brand regional Super Brand Day on Shopee equips shoppers with health, hygiene, and nutrition tips along with exclusive deals

HO CHI MINH CITY, Vietnam, July 5, 2021 — Reckitt, the global leader in health, hygiene and nutrition, partners with Shopee, the leading e-commerce platform in Southeast Asia and Taiwan to launch its first "Protection Starts From Within" regional initiative held across six markets. This collaboration aims to help families better protect their health and well-being by sharing educational content and tips on health, hygiene and nutrition. It will be launched on 6-8 July as part of Reckitt’s Super Brand Day campaign in Vietnam, where shoppers can also access Reckitt’s wide portfolio of family care essentials on Shopee Mall.

Reckitt and Shopee support Vietnamese in fight against pandemic with ‘Protection Starts From Within’ campaign
Reckitt and Shopee support Vietnamese in fight against pandemic with ‘Protection Starts From Within’ campaign

As the battle with COVID-19 persists, families are still placing high importance on upholding strict hygiene standards and ensuring proper nourishment is provided for. In times like this, more are turning to brands they can trust to meet their daily needs. Based on the Kantar Brand Footprint report, brands such as Dettol by Reckitt have been chosen over 1 billion times by consumers in 2020.

To meet the growing demand for health, hygiene, and nutrition products online, Reckitt is constantly innovating to ensure that shoppers get the best experience from the brand. The brand will also educate customers about protecting and nourishing the family during Shopee Live on 8th July at 12pm. They will also share exclusive product tips and best practices for family protection through an educational microsite.

Muksitul Islam, ASEAN eCommerce Director at Reckitt, says, "We have seen the tremendous growth of our business online and are committed to serving the needs of customers. Reckitt is proud to partner Shopee in our regional Super Brand Day to reach more consumers across the region and in Vietnam. They can be assured of convenient and quick access to our entire portfolio of well-loved brands including Enfa A+, Durex, Dettol that will help meet their needs. Through Shopee’s engagement tools, our customers can also look forward to learning valuable tips on Reckitt’s products, as well as best practices through a fun and engaging way."

Ian Ho, Regional Managing Director at Shopee, says, "We understand that many people are still worried about the pandemic, and more are staying home to shop online for essentials. As part of the 7.7 Mid-Year Sale to give shoppers greater value, we’re glad to partner with Reckitt to provide a wide variety of trusted household brands delivered directly to their home. As e-commerce grows to become an integral part of life, Shopee will continue to work with globally-trusted brands like Reckitt to ensure that shoppers can get convenient access to all that they need."

From 6-8 July, Reckitt will roll out exclusive Covid-19 household protection deals on Shopee Mall, providing shoppers with the best value and deals on their entire portfolio of brands through exclusive bundle set worth 3 billion VN Dong, including:

  • Exclusive Gift with Purchase: All orders come with an exclusive gift with purchase such as T-shirts, raincoat, canvas tote bag, baby wipes or baby 2-in-1 shower gel
  • Top spender lucky prizes: Two lucky top spenders will stand a chance to win a Robot Vacuum Cleaner worth 7 million VN Dong on 8 July
  • Up to 30% off all Reckitt products: All products from Durex, Enfa and Dettol will be entitled for an attractive discount of up to 30%

    Find out more about Reckitt’s Protection Starts Within campaign here

    Download the Shopee app for free on the App Store or Google Play Store.

    About Reckitt

    Reckitt is a global leading consumer health, hygiene and nutrition company. Driven by a purpose to build healthier lives and happier homes, Reckitt has operations in over 60 countries. From the foundations of wellness and infant nutrition, to the fundamentals of a hygienic home, our global brands help people live healthier, happier lives.

    Reckitt’s unique culture is at the heart of its success. Its drive to achieve, passion to outperform and commitment to quality and scientific excellence are manifested in the work of over 40,000 Reckitt employees worldwide.

    About Shopee

    Shopee is the leading e-commerce platform in Southeast Asia & Taiwan. Shopee connects shoppers, brands and sellers across Asia and other fast-growing markets, empowering anyone to buy and sell anywhere and at any time.

    Shopee offers an easy, secure, and engaging experience that is enjoyed by millions of people daily. It offers a wide product assortment, supported by integrated payments and logistics, as well as popular entertainment features tailored for each market. Shopee is also a key contributor to the region’s digital economy with a firm commitment to helping brands and entrepreneurs succeed in e-commerce.

    Shopee is a part of Sea Limited (NYSE:SE), a leading global consumer internet company. In addition to Shopee, Sea’s other core businesses include its digital entertainment arm, Garena, and digital financial services arm, SeaMoney. Sea’s mission is to better the lives of consumers and small businesses with technology.

    PR Newswire

    Gitple, Korea’s Leading Chatbot Service, Enters Singapore

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    SINGAPORE, July 5, 2021 — Gitple, a company specializing in chatbot and live chat customer helpdesk solutions popular in Korea, has entered the Singapore market. Based in part on a client list of major conglomerates, such as Hyundai Engineering & Construction, Korea Transportation Safety Authority, and SK E&S, Gitple has recorded consistent and continuous growth.

    Due to the Covid-19 pandemic, customer service solutions using chatbots are also becoming more widespread in line with the increased availability of non-face-to-face online services in the areas of culture, finance, and shopping. According to Technavio, a global research firm, the global chatbot market has grown an average of 35% annually due to increased demand and the introduction of chatbots into various fields. This trend is expected to further accelerate in the future.

    In this context, Gitple Chat provides valued services to companies having difficulty building non-face-to-face systems. Gitple Chat can help them easily create chatbots tailored to their specific brand needs. These services include:

    – A bot builder for easy chatbot creation by non-developers.
    – Integration of free custom designs and brand concepts into chatbot configuration.
    – Chatbot linkage to various customer service chat channels such as KakaoTalk, Line, homepage, apps, etc.
    – The operation of FAQ bot scenarios and organization-specific, operations live chat helpdesk that can be run separately for different brands and sites, yet collectively managed with a single Gitple Chat plan.

    The advantage of these feather chatbots is that people in companies large and small can easily design and create their own chatbots. In the current Covid 19 pandemic era, it’s expected that Gitple Chat will be warmly welcomed by Singaporean companies and consumers struggling to find adequate, non-face-to-face, live chat customer helpdesk solutions.

    More information about Gitple chat is available at https://gitple.io/en.

    PR Newswire

    Totally Green Inc. terminates further discussion with Yushangmei

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    HONG KONG, July 3, 2021 –Totally Green Inc. (OTC: TLGN) announced that discussions regarding a potential combination with Guangzhou Yushangmei Health Management Co., Ltd. have been ended as the parties were unable to reach mutually agreeable terms.

    Parkson Yip, Chief Financial Officer of TLGN said, "We intend to continue to seek acquisition and strategic opportunities in a broad range of industries with an initial focus on STEM education, travel, ecommerce and entertainment, technological research and developments.  We may also explore next generation property investment opportunities in the markets of co-living, co-working and co-retailing."

    About Totally Green Inc.

    Totally Green Inc. (OTC: TLGN) was formerly focused on renewable energy. The Company intends to focus on opportunities in the development of STEM education, travel, ecommerce and entertainment, technological research and development.  The Company expects to further explore strategic investments or partnerships in the development of next generation of property operations, in the markets of co-living, co-working and co-retailing.

    This news release contains "forward-looking statements" that include information relating to future events and future financial and operating performance. Forward-looking statements should not be read as a guarantee of future performance or results, and will not necessarily be accurate indications of the times at, or by, which that performance or those results will be achieved. Forward-looking statements are based on information available at the time they are made and/or management’s good faith belief as of that time with respect to future events and are subject to risks and uncertainties that could cause actual performance or results to differ materially from those expressed in or suggested by the forward-looking statements. Important factors that could cause these differences include, but are not limited to: the in demand for the Company’s products, the introduction of new products and services, the Company’s ability to maintain customer and strategic business relationships, the impact of competitive products and pricing, growth in targeted markets, the adequacy of the Company’s liquidity and financial strength to support its growth, and other factors. The Company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

    This news release does not constitute an offer to sell, a solicitation of an offer to buy, or a recommendation of any security or any other product or service by Totally Green, Inc.  or any other third party regardless of whether such security, product or service is referenced in update. Furthermore, nothing in this news release is intended to provide tax, legal, or investment advice and nothing in this news release should be construed as a recommendation to buy, sell, or hold any investment or security or to engage in any investment strategy or transaction.

     

    PR Newswire

    CGTN: China officially in a ‘Xiaokang society’ as CPC celebrates centenary

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    BEIJING, July 3, 2021 — At a grand ceremony to celebrate the 100th anniversary of the founding of the Communist Party of China (CPC) on Thursday, Beijing officially announced that it has completed its goal of building a moderately prosperous society in all respects.

     

    That marks the culmination of the Chinese people’s 2,500-year journey to pursue ‘Xiaokang’ – a peaceful and happy life – through 100 years of diligent endeavors by the CPC as well as over four decades of relentless government work and Chinese ingenuity.

    "We have realized the first centenary goal of building a moderately prosperous society in all respects," General Secretary of the CPC Central Committee Xi Jinping said at the grand gathering.

    Loud cheers from the crowd in the Tian’anmen Square encapsulated the pride and exhilaration of the entire Chinese nation in reaching the hard-fought achievement.

    What does a ‘Xiaokang society’ mean in a country of 1.4 billion people?

    Rooted in China’s traditional culture, "Xiaokang" is used by the CPC to describe the development goals towards which the country has been striving. Its most widely used form – "an all-around Xiaokang society" – captures the broader goals of modernization and elimination of poverty.

    The concept features an "income-doubling plan," aimed at doubling the GDP and per capita income of both urban and rural residents by 2020 in comparison with 2010 levels.

    China, a relatively poor country just decades ago, has become the world’s second largest economy with a gross domestic product (GDP) exceeding 100 trillion yuan (about $15 trillion). Its per capita GDP has reached over $10,000, 10 times higher than in 2000 – making China one of the top middle-income countries.

    The country declared victory in eradicating absolute poverty nationwide at the end of 2020, and both urban and rural residents have seen their incomes grow rapidly.

    In 2020, the per capita disposable income reached 32,189 yuan ($4,665). The Engel coefficient dropped to 30.2 percent in 2020, from 60 percent a few decades earlier, indicating the country’s rising standards of living.

    By the end of 2020, 1.36 billion people – 95 percent of the population – had basic medical insurance. Meanwhile, 999 million people – over 90 percent of the population – were covered by the pension system.

    And the "moderately prosperous" ambition has gone further than meeting people’s basic needs. As Xi put it on Thursday, "since the very day of its founding, the Party has made seeking happiness for the Chinese people and rejuvenation for the Chinese nation its aspiration and mission."

    China’s seventh national census in 2020 showed that people’s level of education had steadily increased, while China’s cultural industry has seen rapid growth. In 2019, it accounted for 4.5 percent of GDP, up nearly 1.7 percentage points from 2010.

    In terms of resources and the environment, the proportion of clean energy has increased rapidly. In 2020, clean energy accounted for 24.3 percent of China’s total energy consumption.

    As China embarks on a new journey toward socialist modernization, Xi vowed that the CPC will continue to practice a people-centered philosophy of development, address the people’s concerns and promote common prosperity for all. 

    "On the journey ahead, we must rely closely on the people to create history," he said on Thursday.

    https://news.cgtn.com/news/2021-07-02/China-officially-in-a-Xiaokang-society-as-CPC-celebrates-centenary–11zKFonw3mM/index.html

     

    Related Links :

    http://www.cgtn.com

    PR Newswire

    Hisense Becomes the World’s 1st TV Brand Acquiring TÜV Rheinland Privacy by Design Certification Based on ETSI EN 303 645

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    QINGDAO, China, July 2, 2021 — TÜV Rheinland Greater China (TÜV Rheinland) granted the ETSI EN 303 645 (IoT) product cybersecurity and privacy protection standard certification to VIDAA 72671 platform smart TV of Hisense Visual Technology Co., Ltd on June 25th, 2021. Hisense became the world’s first TV brand to receive the certificate. Dr Chen Weikang, Vice President of Business Stream Industrial Services & Cybersecurity at TÜV Rheinland Greater China and Senior Engineer; Zhao Bin, General Manager of TÜV Rheinland Greater China Industrial Services & Cybersecurity; Yu Zhitao, Hisense Group Holdings Co., Ltd. Vice President and Liu Yong, Assistant Vice President of Hisense International and other members attended the Strategy Cooperation Agreement Signing Ceremony.

    TÜV Rheinland Issues Privacy by Design Certificate to Hisense
    TÜV Rheinland Issues Privacy by Design Certificate to Hisense

    "TÜV Rheinland and Hisense have always been tacit partners in the field of cybersecurity and privacy protection. By granting TÜV Rheinland’s worlds’ first ETSI EN 303 645 certificate demonstrates both parties’ unremitting pursuit for technology breakthrough and higher quality standards," said Dr Chen.

    In June 2020, The European Telecommunication Standards Institute (ETSI) with relevant product manufacturers, academia and governments, officially released the new standard ETSI EN 303 645, which regulates the cybersecurity baseline requirements for consumer IoT products such as user privacy protection, primary network attacks prevention and so on. ETSI EN 202 645 Standard provides a practical evaluation method to limit cybercriminals from controlling global devices, launching DDoS attacks, mining cryptocurrency, or peeping at users. It also reduces the risk of personal data leakage. The standard evaluates products from two aspects: cybersecurity provisions and data privacy protection provisions, focusing on technical control measures and organizational measures to combat cybersecurity defects and solve primary network attacks against cybersecurity vulnerabilities.

    Hisense and TÜV Rheinland signed a strategic cooperation agreement
    Hisense and TÜV Rheinland signed a strategic cooperation agreement

    In this certification, TÜV Rheinland evaluated Hisense’s product performance according to the cybersecurity regulations and privacy protection requirements of ETSI EN 303 645 standards. In addition, TÜV Rheinland has carried out a comprehensive evaluation of the product utilizing a comprehensive design evaluation audit and security-related verification. The European market has always been an essential part of Hisense’s globalization strategy. As the official sponsor of EURO 2016 and EURO 2020, Hisense understands the needs of the European market and consumers and always committed to improving product privacy protection and data security in the European market through technology research and development, implementation of localization strategies and sponsoring the top sporting event. As the world’s leading TV brand, Hisense will focus on research and development investment and pay attention to data protection and finally become the most reliable brand in the world!

    Media Contact:
    Lori Luo (Ogilvy PR Team)
    Tel: +86-135-1278-4739
    Email: lori.luo@ogilvy.com / HisenseGlobal@ogilvy.com

    PR Newswire

    Pandemic fight, economy among China topics of interest in survey

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    BEIJING, July 2, 2021 — A report from chinadaily.com.cn:

    An online survey which began in February by China Daily and its global media outlets found that China’s anti-pandemic experience and economic development were the top topics global netizens are most interested in.

    A collaborative video project invited foreign reporters to ask questions. China Daily reporters asked top experts to give their answers in a video series.
    A collaborative video project invited foreign reporters to ask questions. China Daily reporters asked top experts to give their answers in a video series.

    The survey serves as a barometer of how people worldwide view China. It asked them to choose the China-related topics they are most interested in.

    The participating overseas media organizations, including Russia’s Sputnik News Agency, Belarus’s Telegraph Agency, Kazakhstan’s DKN World News and Mongolia’s Montsame News Agency, published the questionnaire online to collect responses from their readers.

    In the survey, 21.6 percent of the respondents said China’s battle against COVID-19 was the topic they were most interested in, followed by China’s economic development (20.7 percent), poverty alleviation (18.4 percent), foreign policy and foreign affairs (16.8 percent).

    As this year marks the 100th anniversary of the founding of the Communist Party of China, how the CPC works was also another topic of interest. According to the survey, many readers want to know more about the Party’s vision and management.

    Other topics on the questionnaire included science, culture and education, and infrastructure construction.

    Apart from the online questionnaire, global media organizations also submitted written statements, which indicated the media industry has areas of interest in common.

    Kamila Sagyntkan from Business Kazakhstan and the DKNews Agency said China’s success in combating the COVID-19 pandemic has offered practical ways to respond to the health emergency.

    Ibrahim Kamal Malas, editor for Abu Dhab’s Al-Ain News, described China as the engine of the world’s industry. "With its embrace of emerging new technology, from hydrogen fuel cars to bio-technology and medical engineering, China gained the confidence of the world after it was able to control the COVID-19 in a record time."

    The global media community is also closely watching China’s economic development and poverty alleviation.

    Victoria Polikarpova from Russia’s Sputnik News Agency expected China to finance plans to deepen economic reforms, with a focus on research.

    Nithini Yuthara, from the Sri Lanka online news portal Sri Lanka Mirror, acknowledged China’s importance in trade as China has heavily invested in development projects under the China-Pakistan Economic Corridor, which could enhance Sri Lanka’s connectivity to Central Asia.

    Aliza Anees from Pakistan’s Dawn.com said he was impressed by the significant progress China has made in poverty reduction over the past 40 years and expressed his hope that his country can learn from China’s experience.

    A collaborative video project invited foreign reporters to ask questions. China Daily reporters in Beijing asked top experts to give their answers in a video series, which are available for viewing on the China Daily website and app.

    https://www.chinadaily.com.cn/a/202107/01/WS60ddcc7ba310efa1bd65f428.html

    PR Newswire

    INTERSPORT Strengthens Business Relationship With Intersocks and Sells The Athlete’s Foot to Arklyz Group, Owner of Intersocks

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    Global performance sports retailer INTERSPORT International Corporation (IIC) strengthens its core business and has agreed on a deal to sell 100% of the highly successful The Athlete’s Foot (TAF) retail & e-commerce network to Arklyz Group AG (Arklyz) – owner of Intersocks. As part of the deal, IIC and Arklyz have agreed on a close cooperation which will bring synergies and a beneficial development for all parties involved.

    BERN, Switzerland, July 2, 2021 — IIC – INTERSPORT International Corp. (IIC) has decided to further strengthen its core business to focus on sports performance retail. The very successful specialty footwear and lifestyle chain "The Athletes Foot" (TAF) will be acquired by Arklyz Group AG (Arklyz), owner of Intersocks and longtime partner of INTERSPORT, as of end of July 2021. The signing of this transaction took place on June 30, 2021, and the closing of the deal will take place by the end of July 2021. The parties have agreed not to disclose financial details of the transaction.

    Arklyz will take over the worldwide TAF business, including its trademark rights and all franchise agreements. IIC’s CEO Steve Evers says: "With Arklyz, a strong operative investor was chosen among different interested parties to ensure that TAF can continue to grow rapidly and successfully. That we have worked closely with Arklyz subsidiary Intersocks for many years has made the decision even easier, and it is our goal to further strengthen this relationship."

    "Building on the successful partnership between IIC and Intersocks, we are very much looking forward to this new chapter of our co-operation," states Arklyz owner & CEO, Param Singh.

    Since TAF’s franchise rights are often with the respective national INTERSPORT organizations – and will remain in place – consequently IIC and Arklyz will be in an even closer co-operation in the future. It is also agreed that all the TAF personnel will be retained in Amsterdam (Netherlands) and Atlanta, Georgia (USA).

    The Athlete´s Foot – fast-growing sports lifestyle online & retail chain

    IIC acquired TAF in 2012 and, since then, it consistently and successfully expanded it to increase the turnover to USD 400 million in 2020. Today, TAF has 564 stores in 32 markets, including Europe, The United States, Mexico, Peru, Kuwait, Indonesia, Philippines, Australia and New Zealand. TAF also successfully operates e-commerce platforms in those markets – building a strong omni-channel sales network over the years. TAF global retail sales have seen a robust growth of 47% in the first five months of 2021 vs. 2020 and of 14% vs. 2019. Under new ownership of Arklyz, and in close co-operation with IIC, TAF business is expected to continue growing fast.

    Fitting strategic move for all parties

    The transaction helps to boost important strategic goals for both parties. While IIC has decided to further strengthen its core business and to focus on sports performance retail, Arklyz is seeking to further expand its growing sports & lifestyle business – covering production, brand management, brick-and-mortar retail and e-commerce.

    "We are excited with this transaction, which represents an extraordinary opportunity for both Arklyz and TAF. By taking over the TAF business, we believe we can strengthen our position as a global organization," says Arklyz’s Param Singh.

    Bringing brands, retail and production together

    "We firmly believe in strong brands and integrated retail & online networks – and TAF is a very successful integrated player globally with a strong brand," adds Param Singh. TAF is the perfect addition to the existing distribution and retail activities of Arklyz – already active with brands like Crocs. The hybrid approach of delivering a great customer experience in stores as well as online aligns well with Arklyz’s approach. Last but not least, managing strong brands – both own and licensed – has been a key arena for Arklyz, with top-tier licensed brands like Salomon, Nordica, Head, etc.

     

    Further information:

    IIC -INTERSPORT International:

    Steve Evers (CEO) / Martin Künzi (CFO)

    IIC_Media@intersport.com

    Arklyz Group AG

    Param Singh (Owner & CEO)

    info@arklyz.com

     

    About

    With a turnover of over EUR 10.2 billion in 2020 and more than 5,200 specialist sports stores in 44 countries, the INTERSPORT Group is among the world’s leading sporting goods retailers.

    The Athlete’s Foot, sneaker & streetwear chain, has 564 stores and e-commerce shops in 32 countries which generated sales of USD 400 million in 2020.

    Arklyz is a fast-growing powerhouse in the arena of sports, athleisure and workwear. Arklyz covers a vertically connected set of activities with a special focus on brand management, distribution, retail & e-commerce and manufacturing.

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