Billabong International Limited announced that the Federal Court of Australia confirmed the company’s sale to Boardriders.
President Donald Trump has directed his top economic and trade advisers to look into re-entering the Trans-Pacific Partnership. The move would come a little over a year after withdrawing the U.S. from the the multilateral trade agreement in one of his first acts as president.
Puma slightly raised full-year guidance for 2018 after reporting strong preliminary results for the first quarter. Sales rose approximately 21 percent on a currency-neutral basis in the quarter.
Starboard Value LP, the activist hedge fund seeking to replace Newell Brands’ board, charged in a letter to Newell’s shareholders that Newell entered into a “hastily constructed” agreement with famed investor Carl Icahn that may lead to Newell electing directors to the board who are weaker than the borad’s own nominees.
Columbia Sportswear Company announced the intent to acquire the remaining 40 percent interest in Columbia Sportswear Commercial (Shanghai) Company, the joint venture that the company currently operates in China with Swire Resources Limited, a subsidiary of Swire Pacific Limited.
Perry Ellis International announced the company’s board of directors has extended the window to nominate candidates for the company’s upcoming annual meeting.
Unifi Inc., the maker of synthetic and recycled yarns, announced that the company’s domestic operating subsidiary, Unifi Manufacturing Inc., has entered into an agreement to acquire the dyed yarn business and assets of National Spinning Co.
Mainstream Holdings Inc., the owner and manufacturer of prominent brands Muddy, Big Game and API Outdoors, announced the acquisition of Hawk Group, LLC, a leading supplier of ladder stands, hang-ons, accessories and crossbows operating under the Hawk and Killer Instinct brands.
Kering said the company plans to sell Volcom, the action sports brand, to focus purely on luxury goods.
University of Washington athletic officials announced plans for a 10-year agreement to make Adidas the official athletic footwear and apparel partner of the Huskies through June of 2029. The university had been wearing Nike for 20 years.
Adidas is in advanced negotiations to become the kit sponsor for Arsenal. The Premier League squad’s contract with Puma is due to expire at the end of next season
Aston Villa FC, the professional football club in Aston, Birmingham, has terminated the team’s partnership with Under Armour.
Adidas is planning to close stores in coming years, as the company shifts investments to online operations, Adidas CEO Kasper Rorsted told the Financial Times.
Chinese electronics firm Xiaomi might make a bid for GoPro, according to The Information.
A circuit judge in Jacksonville, FL, issued a temporary injunction that won’t allow ’47 Brand to use information that is alleged to have been stolen from rival company Fanatics, according to a report from ESPN.
A4, manufacturer of premium team uniforms and athletic sportswear, announced the opening of a new warehouse in Kansas City, MO.
Adidas Outdoor announced the opening of a new office in the American Mountaineering Center in Golden, CO that will serve as a Rocky Mountain area showroom and center for key sales operations.
Bank of America announced that the company will no longer finance manufacturers that make military-style guns like the AR-15.
Zumiez Inc. announced, that total net sales for the five-week period ended April 7, 2018 increased 14.7 percent to $82.3 million, compared to $71.7 million for the five-week period ended April 1, 2017.
The Buckle Inc. announced that comparable store net sales for the five-week period ended April 7, 2018 decreased 1.1 percent.
RYU Apparel Inc., the maker of urban athletic apparel, reported revenues for the year ended December 31, 2017 were $3.0 million, 121 percent higher than revenue of $1.37 million during the year ended December 31, 2016.
Academy Sports + Outdoors opened new stores in Shreveport, LA and Madison, MS.
Dick’s Sporting Goods will be opening two new Dick’s Sporting Goods stores in April in Waco, TX and North Little Rock, AR.
Champion Athleticwear opened the company’s first full-price store, in Los Angeles at 123 South La Brea Avenue.
Decathlon USA hosted the company’s official grand opening event at the company’s new U.S. lab store in San Francisco.
Oofos, the maker of recovery footwear, announced the company’s first global brand campaign, titled “Recover Faster. Feel the OO.”
Lining up with Equal Pay Day held on April 10, Adidas and sister brand, Reebok are partnering with Lean In, the movement founded by Facebook chief operating officer Sheryl Sandberg, to encourage gender equality in the workplace and support equal pay.
Photo courtesy Billabong
