Adidas UK Finance Chief Retires
Andrew Hackett, Adidas’ U.K. finance chief, has retired after 25 years with the company.
Rally House Introduces First Store In Branson, MO
Rally House opened its first store in Missouri with a new location in Branson.
Lids Expands Global Brick & Mortar Footprint With First Stores In Germany
Lids is expanding its retail presence internationally by opening its first standalone stores in Berlin, Germany.
NBA Invests In Kids’ Social Network
The National Basketball Association (NBA) was part of a $17 million fundraising round for Zigazoo, a social media platform similar to TikTok that caters to kids between the ages of three and twelve with over one million subscribers.
SportsPursuit Merges With Private Sport Shop
UK-based SportsPursuit, the online discount retailer and part of Baker’s bd-capital portfolio, announced it has merged with France-based Private Sport Shop.
Kohl’s Sale To Franchise Group Is Terminated
Kohl’s terminated acquisition talks with Franchise Group, owner of The Vitamin Shoppe. The company also cut its sales outlook for the second quarter.
Anta Sports Adds Board Member
Anta Sports Products Limited appointed Xia Lian, currently the general manager of Beijing Qingkongdaokou Investment Management Co., Ltd, as an independent non-executive director of the company.
L.L. Bean’s New Headquarters To Open Next Spring
L.L.Bean’s $110 million headquarters redevelopment will be completed two years ahead of schedule as the flexible work-from-home culture during the pandemic enabled construction to speed up, according to Mainebiz.com.
AlgiKnit Raises $13 million In Series A Funding
AlgiKnit, a sustainable kelp yarn producer based in North Carolina, has received $13 million in a Series A financing round led by Collaborative Fund with participation from H&M CO:LAB and SOSV.
The Lycra Company Announces New Equity Ownership
The Lycra Company announced that a group of financial institutions, comprising Lindeman Asia, Lindeman Partners Asset Management, Tor Investment Management, and China Everbright Limited (“New Shareholders”), have gained complete equity control of the company.
Mitchell & Ness Partners With NHL
The NHL, Fanatics and Mitchell & Ness announced an agreement giving Mitchell & Ness official rights to create apparel and accessories for the NHL and its 32 teams.
Puma Extends Contract With AC Milan
Puma and AC Milan announced a long-term extension of their partnership, which was first established in 2018.
Running USA Elects Board Members
Running USA member representatives approved the election of five board members to three-year director terms, which begin July 1, 2022, and conclude June 30, 2025.
Stio Hires Industry Veterans To Lead Product Design And Development
Stio, the mountain lifestyle brand headquartered in Jackson Hole, WY, has hired Margaret Eder as product line director and Eryn Gregory as product design and development director.
HSBC x PVH Corp. Launch Sustainable Supply Chain Finance Program
HSBC Bank USA and PVH Corp. announced the launch of its sustainable supply chain finance program tied to environmental and social objectives and based on a suppliers sustainability ratings.
