Centric Brands Inc., the apparel and accessories licensing firm, voluntarily filed for protection under Chapter 11 of the U.S. Bankruptcy Code in order to execute a debt restructuring.
Author: SGB Media
Monte Rosa Sports Acquires Odlo International
Monte Rosa Sports Holding has acquired Swiss-based apparel specialist Odlo International and its subsidiaries from Herkules Fund III.
The TJX Cos Moves Annual Meeting To Virtual
The TJX Cos. Inc. today announced that it will hold its 2020 annual meeting of shareholders virtually due to the ongoing public health impact of the COVID-19 pandemic and to support the health and safety of the company’s shareholders, associates, directors and communities.
Major League Soccer And US Youth Soccer Enter Strategic Partnership
US Youth Soccer (USYS) is pleased to announce that it has agreed to a strategic partnership with Major League Soccer (MLS) in a groundbreaking alliance bolstering player development in the United States.
Dow Appoints Univar Solutions As Exclusive Distributor Of Vorasurf
Univar Solutions Inc., a global chemical and ingredient distributor, announced today that it has been appointed the exclusive distributor of Vorasurf Silicone Polyurethane Additives from Dow across North America.
M&A Remains On VF Corp.’s Radar Amid Crisis
VF Corp. missed fiscal fourth-quarter earnings and revenue estimates and now faces a soft retail demand environment, but the company remains resolute about pursuing M&A amid this challenging economy. We look at how VF’s financial strength and appetite for adding assets has set the stage for a deal.
Active Brands Become “Bright Spots” For Sequential Brands In Q1
Sequential Brands Group’s first-quarter results were impacted by store closures due to the COVID-19 outbreak. However, its active brands – including AND1, Avia, Gaiam and SPRI – were cited as “bright spots” as consumers look to stay active at home amid lockdown measures.
Nike And Adidas Among J.C. Penney’s Top Unsecured Trade Creditors
Nike was left with an unpaid bill of $32.1 million in the bankruptcy of J.C. Penney, according to court documents. Other firms in the active lifestyle space landing on the list of the top-50 unsecured creditors included Adidas, owed $7.1 million; Supreme International, $5 million; Izod, $4.6 million; and New Balance, $3.2 million.
Under Armour Names Mohamed A. El-Erian As Lead Independent Director
Under Armour, Inc. announced that Mohamed A. El-Erian, a board member since 2018, has been appointed lead independent director of the company’s Board of Directors. El-Erian succeeds A.B. “Buzzy” Krongard, who has served in the lead director role since 2006.
Spalding Responds To NBA Sponsorship Change
Spalding said it remains committed to the sport of basketball despite news that its long sponsorship of the NBA as the official game ball will soon end.
Thin Air Virtual Media Show Invites Retailers To Register
Thin Air, the new virtual trade show for the outdoor industry to be held from June 24 to 26, has opened up registration to outdoor specialty retailers.
The Big Gear Show Postpones Inaugural Event To 2021
The Big Gear Show (BGS), an outdoor industry trade show focused on hardgoods, with an emphasis on paddling, cycling, climbing, and camping gear, announced the cancellation of its inaugural event, originally planned for July 22 to 25 in Salt Lake City.
Michael Phelps Foundation Expands Children’s Mental Health Program
The Michael Phelps Foundation (MPF) and Panasonic Corporation of North America (Panasonic) announced the expansion of the IM Program offering to Boys & Girls Clubs of America through the organization’s commitment of more than $100,000 in grants to provide social-emotional curricula as children return to clubhouses across the nation.
California’s Fitness Industry Unites To Bring Jobs And Fitness Back
Members of California’s fitness industry have joined together to form the California Fitness Alliance (CFA) with the goal of safely and responsibly initiating the reopening of clubs and fitness facilities throughout the state.
Baffin, Salomon, ENDVR.io, And More Join Forces To Launch The Shop Local Project
Baffin, Salomon, ENDVR.io, and many more in the retail industry have come together to support independent specialty retailers facing COVID-19 through a not-for-profit initiative, The Shop Local Project.
SGB Today
Active Lifestyle Market Product and Brand Marketing Stories from SGB PRO PR and SGB Premium PR Partners
Post your Product or Marketing News in the SGB PR Portal