Boardriders Announces Sale Of Xcel

Boardriders Inc., the apparel, footwear and accessories company whose brands include Quiksilver, Billabong, ROXY, DC Shoes, RVCA and Element, announced Tuesday that it has sold its Xcel wetsuit brand to Colorado-based ZG Collective. Financial terms of the deal were not disclosed.

Sequential Brands Continues Transformation Efforts

Sequential Brands Group Inc. began 2020 with a key leadership change, and the New York, NY-based parent of Avia, And1 and Gaiam is eyeing further transformational moves this year with a strategic review that could include acquisitions, divestitures and more.

Adidas To Keep U.S. Stores Open, For Now

In an e-mail to Adidas and Reebok retail employees Monday morning, Adidas CEO Kasper Rorsted wrote that the company is not yet shuttering its U.S. stores because of the coronavirus. Rorsted wrote, “We have to keep the company going and open for business to ensure that we can pay our monthly bills and salaries to everyone. Closing down is easy, staying open in a healthy environment requires courage, persistence and focus.”