Descente Transfers Overseas Sales To Japanese Subsidiary
Descente, Ltd., the Japanese company that holds territorial licenses or trademark rights for several Western brands besides its own, has opted to shift the company’s international product sales to its consolidated subsidiary, Descente Japan, Ltd.
G-III Apparel To Buy Karl Lagerfeld Brand
G-III Apparel Group, Ltd. announced that it has entered into an agreement to purchase the remaining 81 percent interest in fashion brand Karl Lagerfeld for €200 million ($210 million USD).
Bass Pro To Open In Irvine, CA
Bass Pro Shops announced plans for a new superstore in Irvine, CA. The new 140,000-square-foot store, expected to open in late 2022 or early 2023, joins a Bass Pro location in Rancho Cucamonga in Southern California.
Obit: Sneaker Designer Peter Moore
Peter Moore, who helped launch Air Jordan 1 for Nike and reinvent Adidas in the nineties, passed away on Friday at 78. The news was revealed in statements from Nike and Adidas.
Truewerk Secures Funding
Denver, CO-based Truewerk announced a minority investment from Stride Consumer Partners. According to the Denver Business Journal, the funding was $18.18 million.
Authentic Brands Appoints EVP, Reebok International
Authentic Brands Group appointed Steve Robaire as EVP, Reebok International, effective July 1, 2022.
Fenix Outdoor’s Revenues Climb 30 Percent In First Quarter
Fenix Outdoor, based in Switzerland, reported sales grew 30 percent in the first quarter to €165.2 million ($174 mm) from €127.1 million a year ago.
Columbia Sportswear Raises Earnings Guidance On Q1 Beat
Columbia Sportswear Company’s earnings rose 20 percent in the first quarter ended March 31 on a 22 percent revenue gain. The company raised its EPS guidance for the year, with earnings topping Wall Street targets. Among brands, the largest gain came from Sorel, up 37 percent year-over-year, followed by Columbia, up 22 percent, with mid-single-digit gains at Prana and Mountain Hardwear.
Johnnie-O Secures $108 Million In Funding Round
Johnnie-O, the West Coast apparel brand for men and boys, closed an investment of $108 million from Wasatch Global Investors and Ares Management Corporation.
KOA Report: A Record 57 Million Households Camped In 2021
Kampgrounds of America, Inc.’s 2022 North American Camping Report found that 57 million households reported going on at least one camping trip in 2021, an 18 percent increase compared to 2020 and the greatest year-over-year change since KOA began reporting the numbers.
Delta Apparel Appoints New Board Member
Delta Apparel, Inc. announced the appointment of Sonya E. Medina to its Board of Directors.
Nike Unveils One-Million-Square-Foot Serena Williams Building
Nike has unveiled the Serena Williams Building, a one-million-square-foot space at its headquarters in Beaverton, OR. The structure houses 200,000 square feet of lab space for Nike’s Consumer Creation team to “create the future of sport.”
Rally House Opens Store In Stillwater
Rally House opened a new store in Stillwater, its fourth store in Oklahoma.
Gordini Makes Key Hires, Expands Sales And Marketing Team
Gordini announced key hires toward its commitment to responsible production and value-driven business best practices. The company appointed a new social and environmental impact director timed with expanding its sales and marketing team.
Centric Brands Acquires Hosiery Division From Daytona Apparel Group
Centric Brands LLC. announced the strategic acquisition of a division of Daytona Apparel Group, a portfolio of retail brands owned by Windsong Brands, that closed on March 24th of this year. Centric will take full ownership of Daytona Apparel Group’s hosiery division which sells product across multiple brands in stores nationwide.
