Moncler reported sales of €1.627 billion its year ended December 31, up 13 percent at constant exchange rates and 15 percent at current exchange rates.
Author: SGB Media
Kering Not Pursuing Moncler Acquisition
Kering chairman and chief executive officer François-Henri Pinault refuted rumors that his firm is exploring the acquisition of Moncler, the Italian luxury outerwear label.
Farfetch Raises $250 Million
Farfetch Limited, the London-based fashion marketplace, announced that it has agreed to issue and sell, via a private placement, convertible senior notes in an aggregate principal amount of $250 million.
SFIA Hosts 21st Annual National Health Through Fitness Day In Washington, D.C.
On March 11, 2020, the Sports & Fitness Industry Association (SFIA) will host its annual National Health Through Fitness Day to promote the Personal Health Investment Today (PHIT) Act.
Aaron Gordon Officially Signs Deal With 361 Degrees
Aaron Gordon of the NBA’s Orlando Magic has signed a partnership agreement with Chinese sports brand 361 Degrees.
Timberland Reopens Doors After Tragic Loss
Timberland reopened its doors Monday for the first since Catherine “Cassie” Heppner, a marketing executive for the company, was fatally stabbed Sunday at the brand’s headquarters in Stratham, NH, on February 9.
Utah’s Outdoor Industry Rolling, But Don’t Call It A Comeback
Utah’s outdoor industry enters 2020 on a roll. Not only did the state land the headquarters of newcomer brands Jack Wolfskin and Ventum, but it’s also seeing investments from stalwarts like Amer, Black Diamond and Gregory, and this summer it welcomes a new outdoor hardgoods trade show—all despite a recent high-profile setback for the state. What’s driving the turnaround?
Barneys New York To Close Remaining Locations On February 23
Barneys New York plans to close its remaining locations by February 23, according to a government filing.
Yue Yuen’s Sales Slide In January
Yue Yuen reported sales of $878.1 million in January against $924.0 million, a decline of 5.0 percent.
NBA To Lose ‘Hundreds Of Millions’ In China Over Hong Kong Tweet
NBA Commissioner Adam Silver said on Saturday that the league will likely lose “hundreds of millions of dollars” in lost sponsorships and broadcast revenue from its standoff with the Chinese government after an executive last year tweeted his support for Hong Kong’s protesters.
Thorlos Founder, James Thorneburg, Passes Away At 82
James “Jim” Lewis Throneburg, 82, founder of Thorlas hosiery, passed away at his home surrounded by family on Sunday, February 9, 2020.
Michael Avenatti Found Guilty On All Counts In Nike Extortion Trial
Michael Avenatti, the celebrity lawyer, was convicted of all three charges related to his efforts to extort up to $25 million from Nike. Nike issued a statement after the guilty verdict: “The verdict speaks volumes. We thank the jurors for their time and service which is the bedrock of the American judicial system.”
Nike’s Chief Digital Officer Joins Epic Games
Adam Sussman, former chief digital officer at Nike, was appointed president of Epic Games, which makes numerous video games, including the popular Fortnite game.
Cole Haan Files Registration Statement For Initial Public Offering
Cole Haan Inc. announced that it has publicly filed a registration statement on Form S-1 with the U.S. Securities and Exchange Commission (SEC) relating to a proposed initial public offering of its common stock.
Famous Footwear’s Q4 Comps Jump 5.1 Percent
Caleres inc. reported consolidated net sales are expected to reach approximately $700 million in the fourth quarter, down 3 percent. Famous Footwear net sales are expected to be approximately $370 million, with same-store sales up 5.1 percent
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