Adidas has hired Jan Heinemann, Bayer’s former U.S. head of law, patents and compliance, as the company’s newest general counsel, according to law.com.
Author: SGB Media
Allbirds Raises $50 million
Allbirds, a San Francisco-based sneaker maker known for using sustainable material, raised $50 million in Series C funding. T. Rowe Price led and was joined by Fidelity and return backer Tiger Global.
Salomon Socks Secures Canadian Licensee
Intersocks Group announced the appointment of In-Sport Fashions Inc. as the company’s Canadian distributor for licensed Salomon socks. The deal will give Canadian retailers renewed access to Salomon’s collection of alpine ski, nordic ski, trail running and outdoor socks.
The Buckle’s Comps Dip In September
The Buckle Inc. announced that comparable store net sales for stores open at least one year for the five-week period ended October 6, 2018 decreased 2.4 percent from comparable store net sales for the five-week period ended October 7, 2017.
American Hiking Society Launches Vote Public Lands Campaign
Continuing the focus of protecting, preserving and expanding public lands, American Hiking Society announced the launch of a Vote Public Lands campaign to encourage the society’s members, supporters and the public to get involved and get educated on public lands issues.
Viking Dash Trail Run partners With Omni Apparel
America Multi-Sport, Inc., which owns the Viking Dash Trail Run series, welcomes Omni Apparel Inc. as the official apparel of all Viking Dash Trail Runs in the United States and Canada now through 2020, which currently includes 24 events annually.
Monterey Bay Half Marathon Partners With Recover Brands On Sustainable Apparel
The Big Sur Marathon Foundation welcomed Recover Brands, creator of creates eco-friendly custom apparel, as a community partner for the 2018 Monterey Bay Half Marathon.
Grassroots Outdoor Alliance Welcomes Farm To Feet, Kavu, Rab And Sierra Designs
Grassroots Outdoor Alliance, the national organization dedicated to the health and growth of specialty outdoor retail, this fall welcomes Farm to Feet, KAVU, Rab and Sierra Designs to the company’s national vendor network.
Kit And Ace Sold To Management
Kit and Ace, founded in 2014 for Lululemon founder Chip Wilson, has been sold to members of the company’s leadership team, led by CEO George Tsogas. The sellers were the Wilson family.
Under Armour Signs Joel Embiid
Under Armour Inc. has added the Philadelphia 76ers’ star center Joel Embiid as an ambassador. The five-year deal makes Embiid the NBA’s highest-paid center on a shoe deal and he will have a signture shoe.
NBA’s Top Draft Pick Ensnared In College Basketball Scandal
On Wednesday at the college basketball corruption trial taking place in Manhattan’s federal court, Adidas consultant T.J. Gassnola, testified that the families of five recruits, Brian Bowen, Billy Preston, Silvio De Sousa, Dennis Smith and Deandre Ayton, received payments as a recruiting incentive.
FlexIt Adds Robbie Sprechman To Advisory Board
FlexIt, the mobile app that enables users to access gyms and only pay for the time they use, announces the addition of fitness industry leader Robbie Sprechman, CFO of Retro Fitness, to the company’s advisory board. Through his new position, Sprechman will help position FlexIt to scale.
Retail Imports Expected To Remain Strong
Imports at the nation’s major retail container ports are expected to remain at near-record levels in October despite a new round of tariffs that took effect in September, according to the monthly Global Port Tracker report released today by the National Retail Federation and Hackett Associates.
RECALL: Canyon Mountain Bikes
About 820 Canyon Mountain Bikes that were sold on online at Canyon’s website are being recalled. The chainstays can crack which can lead to failure of the chainstay, rear wheel detachment and loss of control, posing a crash hazard.
RECALL: Ruger American Pistols
Sturm, Ruger & Company, Inc. has issued a product Safety Bulletin for certain Ruger American Pistols chambered in 9mm.
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