Adidas announced the launch of the company’s first Adidas Originals NFT collection. The drop is in partnership with the Bored Ape Yacht Club (BAYC), the cryptocurrency investor Gmoney and the comic series Punks Comics.
Author: SGB Media
Pelé Soccer Store Opens At Downtown Disney District
Pelé Soccer celebrated its grand opening at downtown Disney district at the Disneyland Resort.
Adidas To Initiate €4 Billion Share Buyback Program
The Executive Board of Adidas has launched a multi-year share buyback program. Starting in January 2022, the company plans to buy back shares in an amount of up to €4 billion until 2025.
Retail Trade Groups Applaud Congressional Ban On Goods From Xinjiang
Retail Trade Groups, including American Apparel & Footwear Association (AAFA) and National Retail Federation (NRF), issued a joint statement cheering Congressional passage of the Uyghur Forced Labor Prevention Act, H.R. 6256, which bans the import of goods from areas of China allegedly using forced labor.
Skechers Expands Senior Unsecured Credit Facility Up To $1 Billion
Skechers USA Inc. announced that it has expanded its senior, unsecured credit facility to $750 million, which retains a $250 million accordion feature.
PureGym Secures £300M KKR investment
PureGym, which operates more than 500 venues across the UK and Europe, has secured a £300 million ($400M) investment from private equity firm KKR to support expansion.
Tom Brady Signs NIL Deals With College Athletes For New Apparel Line
Tampa Bay Buccaneers QB Tom Brady is tapping into the name, image and likeness (NIL) space with nine NCAA athletes and one newly drafted athlete to launch his new apparel brand, Brady.
REI To Open Store In Glenwood Springs
REI Co-op will open a new store in Glenwood Springs, CO in summer 2022.
Tempo Partners With Lindsey Vonn
Tempo, based in San Fransisco, CA, announced that Lindsey Vonn will serve as a strategic advisor, investor and ambassador to the connected at-home gym upstart.
LT Apparel Group Expands Operations In Greensboro
LT Apparel Group, a manufacturer of childrenswear apparel, is expanding operations in North Carolina with an investment of at least $57 million in Greensboro. The company’s brands include Adidas Kids, Carhartt Kids and its owned brand, French Toast.
26Red Opens Flagship Store In NYC
26Red, the 90’s streetwear brand, is opening its first flagship store at 145 Orchard Street in New York City.
Yamaha To Purchase Siren Marine
Yamaha Motor Corporation, U.S.A. announced its intention to purchase Siren Marine, a manufacturer of marine-based IoT (Internet of Things) solutions.
BCI Burke Acquired By Bertram Capital
Fond du Lac, WI-based BCI Burke, a maker of commercial play equipment, has been acquired by Bertram Capital.
Life Time To Open In McKinney, TX
Life Time Group Holdings, Inc. said it reached an agreement with the former owners of Craig Ranch Fitness & Spa in McKinney, TX for the closure and purchase of the club.
Scheels Secures Naming Rights For Legacy Sports Complex
Scheels has secured the naming rights for the multi-use sports facility that is under development in the vicinity of its store in the Legacy Pointe Town Center in Springfield, IL.
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