Grailed, the online marketplace for luxury streetwear and vintage fashion, raised $60 million in a Series B funding round. The funding was led by fellow resale player Goat Group and with participation from Groupe Artémis, along with existing investors Thrive Capital and Index Ventures.
Category: Apparel
August Retail Sales Rise Despite Headwinds
Retail sales increased during August as consumer demand outweighed the pandemic, supply chain disruptions and other factors affecting spending, the National Retail Federation said.
On Surges In IPO Debut
On’s shares shot up 46 percent in its first day of trading on the New York Stock Exchange. The offering for the Swiss running footwear had been priced at $24.00 per share and closed Wednesday at $35.
Columbia Sportswear To Sponsor USA Curling Team
Columbia Sportswear announced a multi-year sponsorship with USA Curling.
Callaway Golf Announces Proposed Public Offering By Selling Stockholder
Callaway Golf Company announced the commencement of a proposed underwritten public offering of three million shares of its common stock offered for sale by PEP TG Investments LP.
JD Sports Posts Record Earnings
JD Sports Fashion Plc reported significantly improved profits in the first half ended July 31 as revenues grew 52.7 percent.
On Announces Pricing Of Initial Public Offering
On announced the pricing of its initial public offering of 31.1 million Class A ordinary shares at a public offering price of $24.00 per share. The running footwear brand had marketed the shares for $20 to $22 each.
Coalition Of Businesses, Trade Groups Endorse Ocean Shipping Reform Act
A coalition of 152 companies and trade associations representing U.S. importers, exporters, transportation providers and other supply chain stakeholders today submitted a letter of support to Congress endorsing the Ocean Shipping Reform Act of 2021.
361° Europe Appoint New Marketing Manager
361° Europe announced that Bryce Sage has been appointed marketing manager, Europe.
On Holding Ups IPO Price To $22
On Holding, the Swiss running shoe brand, raised the projected price range for its initial public offering from $18 to $20 to $20 to $22, according to an updated filing with the Securities and Exchange Commission.
Arc’teryx Announces Opening Of Store In Montreal
Arc’teryx Equipment announced its continuing retail expansion in Canada with a new Montreal location. The curated-store concept is called Arc’type, centered around the brand’s better-known designs.
Hibbett Opens First Orange County Location
Hibbett Sports announced the opening of its first Orange County, CA store in Fullerton.
Dick’s Sporting Goods Expands Holiday Hires
Dick’s Sporting Goods is hiring approximately 10,000-holiday employees this year, 1,000 more than it did in 2020. The hires represent the largest number of seasonal workers in the company’s history.
Academy Sports’ Largest Shareholder KKR To Sell Off Its 20 Percent Stake
Academy Sports + Outdoors, Inc. reported that affiliates of Kohlberg Kravis Roberts & Co. L.P. are selling off its entire 18.65 million-share stake to the public. KKR acquired Academy Sports in a leveraged buyout in 2011.
Bellarmine University Partners With Nike And BSN Sports
Bellarmine University announced that it has established a new athletic partnership with Nike and BSN Sports.
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