Authentic Brands Group Inc., officially withdrew its plans for an initial public offering, according to a regulatory filing with the Securities & Exchange Commission. The cancellation of the IPO was expected given its move in November to sell significant equity stakes in the company to private equity firms CVC Capital Partners and HPS Investment Partners.
Category: Apparel
2022 ICR Conference To Be Held Virtually
ICR announced that the 2022 ICR Conference will be held virtually due to the quicker than anticipated spread of the Omicron/Delta variants.
Nike Sues Lululemon Over Mirror At-Home Mirror Apps
Nike, Inc., on Wednesday, filed a patent lawsuit against Lululemon Athletica, Inc. Nike claims to hold a number of fitness equipment patents that Lululemon is infringing with its Mirror connected fitness device and related mobile applications.
Outdoor Retailer Confirms January Show Still On, Masks Mandatory
In an open letter entitled “Looking forward to seeing you in Denver on January 26,” Outdoor Retailer show organizers said they have no current plans to cancel the Outdoor Retailer Snow Show 2022 amid a surge in COVID-19 outbreaks tied to the Omicron variant. Enhanced safety measures, including mandatory masks, are being implemented, said show organizers.
NRF: Widespread Shutdowns Unlikely Amid Omicron Surge
In a statement, National Retail Federation (NRF) Chief Economist Jack Kleinhenz said the COVID-19 Omicron variant brings uncertainty to the economy in 2022 and could contribute to inflation, but is unlikely to cause widespread shutdowns or slowdowns.
BSN Sports Acquires Team Sports Ink
BSN Sports, a division of Varsity Brands, announced that it has acquired Team Sports Ink, LLC located in Carson City, NV.
National Golf Foundation Appoints Board Members
The National Golf Foundation welcomed Golftec President and CEO Joe Assell and Ahead USA CEO Anne Broholm to its Board of Directors that spans the broad spectrum of the golf business.
Fanatics Acquires Topps Trading Cards And Collectibles Business For $500M
Fanatics said it has completed the acquisition of Topps trading cards confirming widespread reports of a potential deal. Fanatics CEO Michael Rubin said in a statement, “With trading cards and collectibles being a significant pillar of our long-term plans to become the leading digital sports platform, we are excited to add a leading trading cards company to build out our business.”
NSGA Announces 2022 Hall Of Fame Class
The National Sporting Goods Association (NSGA) announced Michael Gotfredson Sr., of Road Runner Sports, Wilson “Bill” Hunt of Champro and Bill Sorenson of American Sports Products Group as inductees to the organization’s Hall of Fame.
CODI Declares Fourth Quarter 2021 Distributions
Compass Diversified (CODI) announced that its Board of Directors has declared a quarterly cash distribution of 25 cents per share on its common shares.
Emerald Acquires MJBiz
Emerald Holding, Inc. announced that it has completed the acquisition of MJBiz, the event producer and content platform serving a wide range of companies operating in the cannabis industry.
Report: Fanatics To Acquire Topps
Fanatics has reached an agreement to acquire the Topps’ trading card business, sources told The Wall Street Journal.
Compass Diversified Appoints Board Member
Compass Diversified announced that Alex Bhathal has been appointed to its Board of Directors. With Bhathal’s appointment, the Board will expand to nine directors.
Clarus Appoints COO And CFO
Clarus Corp. announced that Aaron J. Kuehne has been promoted to the new role of executive vice president and chief operating officer and Michael J. Yates has been appointed as chief financial officer.
Texworld New York Shifts To Virtual-Only Show
The Winter 2022 edition of Texworld New York City and Apparel Sourcing New York City trade shows, scheduled to run January 25-27, has moved to online-only following the nationwide rise in COVID variant cases.
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