Report: Final Bidders Arrive For Reebok
Wolverine Worldwide Inc., Advent International, CVC Capital Partners, Sycamore Partners and Cerberus Capital Management are on the list of companies that have been asked to submit final bids in August to acquire Reebok, according to a report from Reuters.
Gap To Close All Stores In UK And Ireland
Gap Inc. said it plans to close all 81 of its Gap Specialty and Gap Outlet stores in the United Kingdom and the Republic of Ireland as part of a strategic review of the company-operated business in Europe.
Neiman Marcus To Go Fur-Free By 2023
Neiman Marcus Group has committed to the elimination of products containing animal fur from its assortment by early 2023.
NCAA Allows Athletes To Profit From Name, Image And Likeness
Breaking with a long-held stance on athlete compensation, the NCAA Division I schools top rules-making group Wednesday approved policy changes that would enhance athletes’ ability to make money from their name, image and likeness, beginning July 1, 2021.
Gymshark Founder Reclaims CEO Role To Oversee U.S. Expansion
Ben Francis, founder, Gymshark, is reclaiming his role as the chief executive in August as the company expands into the U.S. and Asia. The move comes four years after he stepped back from leading the brand.
JD Sports To Split Chairman And CEO Roles
JD Sports Fashion said it will split Peter Cowgill’s role as executive chairman and recruit a chief executive over the next year.
Hybrid Apparel Acquires Air Waves
Hybrid Apparel completed its acquisition of Air Waves, a print-on-demand (POD) provider serving e-commerce and wholesale customers.
Adidas Launches Share Buyback Program
Adidas said its Executive Board has decided to launch a share buyback program in the second half of 2021 amid confidence the company’s latest strategy, ‘Own the Game,’ would generate “substantial” cumulative free cash flow over the next five years.
Canadian Apparel Brand Duer Opens Store In Los Angeles
Canadian performance denim company Duer announced plans to open a second U.S. retail location, located in the Fairfax District of Los Angeles.
Hoka Strengthens Product Team With Senior Director Hires
Hoka One One hired industry veteran Evie Moe as its first senior director of apparel, where she will oversee product and design. Matt Rask has been hired as the senior director of footwear design.
Nike Marketing Veterans Join Jaanuu
Direct-to-consumer medical apparel brand Jaanuu announced it has hired two former top-level executives from Nike, Inc. as it charts its next stage of growth. Dan Alder, former global head of marketing at Nike since 2002, has been appointed chief marketing officer a, and Scott Shepley, an 18 year veteran in global brand marketing at Nike, has joined Jaanuu as VP of brand marketing.
Under Armour Extends Partnership With Central College
Under Armour reached an agreement to continue to be the official outfitter of Central College in Pella, IA for the next five years.
Black Diamond Equipment To Open Store In Boulder
Black Diamond Equipment opens its doors to a new retail store on Pearl Street in Boulder, CO.
COVID-19 Lockdowns Impact Australian Trade
Kathmandu Holdings Ltd. (NZX/ASX: KMD) (Group) provided the following trading update today following the recent announcement of additional COVID-19 restrictions in New South Wales, Australia.
VF Corp Completes Sale Of Occupational Portion Of Work Segment
VF Corporation announced that it has completed the sale of the occupational portion of its Work segment to a subsidiary of Redwood Capital Investments, LLC, a diversified holding company.
