Adidas is seeking to recover $75 million from Ye, formerly Kanye West, related to his alleged mishandling of marketing funds worth $100 million annually, according to Bloomberg. The dispute is in arbitration.
Author: SGB Media
Canada’s Port Workers Union Recommends Labor Agreement to Members
The International Longshore and Warehouse Union Canada (ILWU Canada) plans to recommend members accept a tentative agreement to end the weeks-long strike at British Columbia’s ports, likely ending a standoff that led to a 13-day strike.
RILA Calls Potential UPS Strike “Kryptonite” for Supply Chains
The Retail Industry Leaders Association (RILA) urged a quick resolution of the stalled contract negotiations between UPS and its 340,000 workers represented by the International Brotherhood of Teamsters, describing a potential UPS strike as “kryptonite for supply chains.”
Carhartt Rolls Out Resale Program in Physical Stores
Workwear brand Carhartt expanded its resale program to all 35 owned-retail stores following the success of its pilot project at six stores.
Under Armour Opens Fourth Brand House In London
Under Armour opened a Brand House store on Oxford Street, marking its fourth store in London. Zara, the multi-national retail clothing chain, once occupied the space.
Dick’s Sporting Goods Named U.S. Anchor Retail Partner for Lotto
WHP Global, owner of Italian soccer brand Lotto Sports, reported that Dick’s Sporting Goods would serve as the U.S. anchor retail partner for Lotto’s soccer and tennis products.
Kontoor Brands Appoints New EVP/Chief Human Resources Officer
Kontoor Brands, Inc., the lifestyle apparel company led by Wrangler and Lee, promoted Pete Kidd as EVP and chief human resources officer, effective immediately.
Polartec Hires New Sales Manager for Europe
Effective immediately, Polartec hired Sergi Pérez as its new sales manager for Europe.
Vista Outdoor Appoints CEO of Outdoor Products Segment
Vista Outdoor, Inc. hired Eric Nyman as CEO of the company’s Outdoor Products segment and appointed him as a board member, effective August 21. Most recently, Nyman was president and chief operating officer of Hasbro, Inc.
Mips AB Comments on Nasdaq Stockholm Disciplinary Committee’s Fine
Nasdaq Stockholm’s disciplinary committee imposed a fine on Mips AB of two annual fees, equivalent to an amount of SEK 1.7 million as a result of the company’s information disclosure procedures.
KOA: Fourth Of July Camping Levels Flat To 2022
The Kampgrounds of America, Inc. (KOA) Monthly Research Report, July 2023 Edition, outlines that more than 21.5 million households camped over the 4th of July holiday, a number on par with 2022 despite weather challenges in many regions; however, most campers (56 percent) shared that they have been postponing trips to occur later in the summer or fall.
Camping World Expands RV Inventory Floor Plan Facility
Camping World Holdings, Inc. amended its floor plan credit agreement to provide additional financial and operational flexibility for its growth strategy.
Rapala VMC Cutting Jobs, Looking for Cash as H1 Results Disappoint
Rapala VMC reported that current market conditions continue to pose challenges as the de-stocking process at the retail and wholesale levels has persisted for a longer duration than the company initially anticipated.
JCPenney Reopens Corporate Headquarters in Plano
JCPenney announced on July 20 that it reopened its corporate offices at the Campus at Legacy West in Plano, TX, which supports 2,000 employees and features an open working environment.
Yamaha U.S. Marine Appoints Marine Technical Support Manager
Yamaha U.S. Marine Business Unit promoted John Wilkinson to Marine technical support manager, Yamaha Marine Customer Experience Division.
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