Protempo U.S. Limited, a global consumer electronics distributor, announced the completed acquisition of Outdoor Tech, a consumer electronic and helmet audio company. Financial terms of the deal weren’t disclosed.
Author: SGB Media
Kawhi Leonard Loses Copyright Suit Against Nike
A federal judge ruled in favor of Nike in a dispute over NBA star’s Kawhi Leonard signature “Klaw” logo.
Tasc Taps Blake Lopez As VP Marketing
Tasc, a sustainable activewear brand, has tapped Blake Lopez as its new vice president of marketing.
Assembled Brands Announces $3M Financing Of Footwear Brand Samuel Hubbard
Assembled Brands announced the closing of a $3 million credit facility for the Samuel Hubbard Shoe Co. With this partnership, the California-based footwear brand will continue to scale its business and build its audience.
National Parks To Reopen, But Details Sketchy
At an Earth Day event at the White House on Wednesday, President Donald Trump said the country will reopen the national parks but didn’t give any details about guidelines that will be enacted around concerns over the spread of coronavirus.
‘Evolving’ Sell-In Model: Behind One Brand’s Pivot To Digital
This article, part of an occasional series on how companies are adapting to digital processes in the age of coronavirus, looks at the newly developed sell-in program for climbing shoe brand Evolv. General Manager Bill Sinoff shares the reasoning behind it and why some components of this new model may stick around.
Canada Goose Commits To Carbon Neutrality By 2025
Canada Goose launched its Sustainable Impact Strategy outlined in the company’s first-ever Sustainability Report. The accelerated strategy includes tangible commitments supporting four key UN Sustainable Development Goals (SDGs) to ensure a sustainable future.
Under Armour Signs LSU Wide Receiver Justin Jefferson
Under Armour signed an endorsement deal with LSU wide receiver Justin Jefferson, who is expected to be one of the first receivers taken in Thursday’s NFL Draft.
Wolverine Worldwide’s Q1 Revenues Slump 16 Percent
Wolverine Worldwide reported a steep drop in earnings in the first quarter as sales slumped 16 percent while reiterating the company’s strength to navigate COVID-19. Blake Krueger, CEO said in a statement, “We believe the company is strong, well-positioned to navigate the current challenges and will emerge even stronger.”
Patrick Mahomes Leads NFLPA’s Top-Selling Jerseys List
Patrick Mahomes, the reigning Super Bowl MVP, dethroned Tom Brady in leading NFL players in merchandise sales this past season, according to the NFL Players Association’s list of top 50 selling players. Brady came in second.
Under Armour Lays Off More Than 300 At Tennessee Distribution Center
Under Armour permanently laid off 323 employees at a distribution center in Mount Juliet, TN, according to a notice filed with the Tennessee Department of Labor and Workforce Development.
Report: Lord & Taylor Exploring Bankruptcy
Lord & Taylor is considering filing for bankruptcy after being forced to close all of its 38 U.S. department stores amid the coronavirus crisis, according to a report from Reuters.
Unifi Appoints CEO
Unifi Inc., the producer of recycled and synthetic yarns, announced that its Board of Directors has appointed Eddie Ingle as chief executive officer and a member of the Board of Directors effective July 1, 2020.
HydraPak Announces Colorado Facility Expansion, New Hires And More
HydraPak announced a number of business developments, including recent sales management hires and its latest product initiatives and custom capabilities for Polar Bottle.
VF Sees Fiscal 2020 Just Missing Expectations
VF Corp. provided a revenue outlook for its year ended March 31 that was slightly below Wall Street expectations in conjunction with a debt offering. Earnings guidance likewise was slightly below average estimates.
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