Ames Watson Leads Funding Round Investment In Margaux
Private equity holding company Ames Watson announced a leading Class B funding round investment in Margaux, a women’s footwear brand. Margaux is the latest in a series of investments and acquisitions for Ames’ growing portfolio of properties which includes Lids, Fanatics Lids College and South Moon Under.
Brand Finance Ranking Report: Nike Retains Top Spot As Most Valuable Brand
As a result of increased consumer demand for sportswear due to the pandemic, brands in the sector achieved significant value growth over the last year, according to the just-released Brand Finance Apparel 50 Report. Nike retains the top spot as the most valuable brand in the ranking since the rankings were instituted. Skechers and Li Ning were also among those growing significantly in value.
Frasers Group Appoints Managing Director, Cycling
Frasers Group plc announced the appointment of Russell Merry as managing director for cycling. The group currently operates from over 70 Evans Cycles stores and retails a collection of cycling specialty products across its Group portfolio, which spans 22 countries and over 500 stores.
Pacsun Launches Resale Platform
Pacsun has launched “Pre-Loved Pac,” enabling customers to buy and sell pre-owned items for Pacsun credit and shop pre-owned directly through the Pacsun website.
Farfetch Invests In Neiman Marcus
Farfetch, an online retailer of luxury fashion products, is taking a stake in Neiman Marcus Group as part of a broader strategic partnership that will see Bergdorf Goodman and Neiman Marcus join the Farfetch platform.
Lululemon Makes Executive Appointments
Lululemon has hired Simon Atkins, who formerly led basketball at Adidas, as SVP of footwear and Phil Dickinson, a Nike veteran, as SVP, global creative director. Both report to Sun Choe, chief product officer.
Hypebeast To List On NASDAQ Through SPAC Merger
Hypebeast, the digital media and e-commerce company with a focus on streetwear, plans to list its shares on Nasdaq through a merger with Iron Spark I Inc. The firm also indicated former Nike brand president Trevor Edwards will join its board.
Dunlop Golf Brands Rebrands in North America
In a global alignment strategy, the sports business for Sumitomo Rubber Industries, Ltd. (SRI) will be affiliated under the Dunlop brand umbrella. Currently operating as Srixon/Cleveland Golf/XXIO, SRI’s North American sales company Roger Cleveland Golf Company, Inc. (RCGC), will now be doing business as Dunlop Sports Americas.
Burlington Stores’ CFO To Retire
Burlington Stores Inc. announced that John Crimmins woulf retire from his position as chief financial officer on August 31, 2022, or the date his successor commences employment.
Nordstrom Announces Executive Leadership Team Retirements And New Appointments
Nordstrom, Inc. announced the retirements of Scott Meden, chief marketing officer (CMO), and Geevy S.K. Thomas, president of Nordstrom Rack. Nordstrom, Inc. also announced the appointments of Ken Worzel and Jamie Nordstrom to the newly created roles of chief customer officer and chief stores officer.
Nester Hosiery Appoints VP Of Finance
Nester Hosiery, the parent of the Farm to Feet sock brand, has promoted Donna Anderson to vice president of finance.
MLB Uniforms To Add Advertising Beginning In The 2023 Season
Major League Baseball (MLB) players’ uniform sleeves will sport corporate-sponsored patches beginning next season for the first time in the game’s 146-year professional history. The league confirmed that decals on batting helmets could come as early as this postseason.
Bergdorf Goodman Announces Two Executive Promotions
Bergdorf Goodman, which is owned by Neiman Marcus, announced the promotion of Cheryl Han to senior vice president of BergdorfGoodman.com and customer strategy. Melissa Xides has been promoted to senior vice president of Bergdorf Goodman stores and brand operations.
NRF Chief Economist Says Economy Has ‘Strong Momentum’
Top challenges have shifted from COVID-19 to inflation and the war in Ukraine, but the U.S. economy will continue to face uncertainties in the year ahead, National Retail Federation Chief Economist Jack Kleinhenz said in a statement.
Pacsun To Open Virtual Mall On Roblox
Pacsun is opening an interactive mall experience on Roblox called Pacworld. Working with existing game development studio partner Melon, Pacsun will extend its existing catalogs of virtual items on Roblox, first launched in June 2021, by letting customers sell its virtual goods in a customized digital mall.
