Adidas’ Eric Liedtke To Exit At Year End
Adidas AG announced that Eric Liedtke, a 25-year Adidas veteran responsible for global brands, plans to exit the company at the close of the year. Liedtke was credited with guiding successful collaborations with global influencers such as Kanye West, Pharrell Williams and Beyoncé. Brian Grevy, CEO of Gant, will return as executive board member, responsible for global brands at the start of next year.
Goat Expands Into Luxury And Streetwear Apparel And Accessories
Goat, the global re-seller platform for style, announced its category expansion beyond sneakers. It has added apparel and accessories from emerging, contemporary and luxury brands to its platform in its drive to provide the broadest style offering in the world.
Acai Activewear Secures Funding
Acai Activewear, a U.K.-based clothing brand for the women’s outdoorwear market, raised £350,000 ($450,000) in funding. The round was led by Dow Schofield Watts Angels (DSW Angels).
New Balance Opens Kawhi’s Fun House Pop-Up
New Balance partnered with Shoe Palace opened a pop-up shop titled Kawhi’s Fun House that opened from October 18 to 20 at Shoe Palace’s Melrose Ave retail location in Los Angeles.
Nordstrom’s Chief Accounting Officer Resigns
Nordstrom Inc.’s senior vice president, chief accounting officer and treasurer, Kelley Hall, resigned from her post, effective November 1, according to a regulatory filing.
Gildan Cuts Guidance On Weaker Printwear Demand
Gildan Activewear significantly reduced ts full-year guidance after citing weaker than expected imprintable demand in North America and ongoing softness in international imprintable markets.
Barneys Agrees To Sell To Authentic Brands-Led Group
Barneys, the luxury chain that filed for bankruptcy in August, reached an agreement to sell its assets to Authentic Brands Group (ABG) and investment bank B. Riley Financial for $271.4 million in cash.
Gap Inc. Opens First Hill City Location
Gap Inc. has opened its first location for Hill City, its men’s activewear brand. The 12-month pop-up, located at 522 Octavia Street.
Asics Takes Stake In Pyrates Smart Fabrics
Asics Corp. announced that Asics Ventures Corporation, its investment subsidiary, has taken an equity stake in Pyrates Smart Fabrics, a Spanish startup that develops and supplies advanced and responsible fabrics.
LVMH Invests In Streetwear Label Madhappy
Madhappy, the Los Angeles-based streetwear label, announced a $1.5 million seed round of funding. The investment was led by LVMH’s Luxury Ventures accelerator program.
Report: Puma To Sign PSV Eindhoven
PSV Eindhoven, the Dutch football club, agreed to a kit deal with Puma, replacing a five-year partnership with Umbro, according to Footy Headlines.
Russell Athletic Opens First Pop-Up Store
Russell Athletic announced the opening of the first limited engagement Russell Athletic Pop-Up Shop in downtown Manhattan.
Sports Direct Demands Inquiry Into Nike-Adidas Dominance
Sports Direct, the U.K.’s largest sporting goods chain, is calling for a Europe-wide investigation into the dominance of Nike and Adidas in the sportswear market. The call follows ongoing moves by Nike to stop selling to “undifferentiated, mediocre” retailers and apparent fears that Adidas may follow suit.
Kohl’s CFO To Retire
Kohl’s announced that Bruce Besank, its CFO, o has decided to retire at the end of the fiscal year and will step down from his position as chief financial officer, effective November 1. At that time, Jill Timm, Kohl’s executive vice president of finance, will be promoted to chief financial officer (CFO).
Dick’s Hosts First Fashion Show
Dick’s Sporting Goods hosted its first-ever fashion show on October 12 in the Chelsea district of New York City. Baseball legend Alex Rodriguez and women’s soccer star Carli Lloyd joined TV’s Javon Walton and Demi Burnett on the runway.
