FINANCIAL REPORTING
+++ KMD Brands will implement a 1-for-25 reverse share split on July 1 to increase its share price above the current sub-NZD 0.10 range, while also appointing John Strowger as a non-executive director to succeed outgoing board member David Kirk +++
PRODUCT & MARKETING
+++ Milliken has launched Millibrite, a polymer-based fabric whitening technology that delivers consistent brightness under modern LED lighting while supporting cold-water washing, multiple detergent formulations and extended garment life
+++ Raleigh has expanded its urban e-bike range with the new Raleigh One Step Through, featuring a lower-step frame, upright riding position and connected features to improve accessibility and comfort for everyday city riders +++
E-COMMERCE & DTC
+++ US e-tailer Backcountry has partnered with buy-now-pay-later provider Affirm to offer eligible online shoppers in the US flexible installment payments across its retail brands, including Competitive Cyclist, MotoSport, Steep & Cheap and Level Nine Sports +++
RETAIL & DISTRIBUTION
+++ According to an article in The Wall Street Journal, US athletic gear company Vuori is planning to more than double its global retail footprint to over 300 stores by 2030, with China serving as a key growth market where it aims to expand from eight to 20 stores by the end of 2027
+++ Decathlon has opened a 600-sqm Decathlon City store in Villeurbanne, France, expanding its Lyon-area network with a proximity format focused on urban mobility, repair services and sports equipment for city residents +++
ADVENTURE TRAVEL
+++ US companies Backcountry and EF Adventures have formed a strategic partnership that combines guided adventure travel with curated outdoor gear, exclusive member benefits and co-branded tours for outdoor enthusiasts +++
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