Livestream shopping platform Ntwrk raised $50 million led by the Growth Equity business within Goldman Sachs Asset Management, and luxury group Kering, including participation from LionTree Partners and Tenere Capital.
Category: Apparel
Lululemon To Outfit Canadian Olympic Team
The Canadian Olympic Committee (COC) and Canadian Paralympic Committee (CPC) announced that Lululemon is the new Official Outfitter of Team Canada. Lululemon replaces Hudson’s Bay Company.
G-III Apparel To Acquire Sonia Rykiel
G-III Apparel Group Ltd. announced an agreement to purchase European luxury fashion brand Sonia Rykiel.
Backcountry To Open First East Coast Store
Backcountry.com has signed an 11,600-square-foot lease to become the anchor tenant at Collection 14, a $130 million, mixed-use redevelopment of the former Martha’s Table headquarters in Washington, D.C.
Boardriders Appoints New EMEA President
Boardriders has named Nicolas Foulet as its EMEA president. Foulet has spent 20 years at Boardriders, which owns Quiksilver, Roxy, Billabong, RVCA, DC Shoes, Element and Von Zipper.
Ororo Becomes Official Heated Apparel Of The Green Bay Packers
Ororo Heated Apparel, based in Las Vegas, announced a new sponsorship with the Green Bay Packers, becoming the team’s first official heated apparel partner.
Sportsman’s Warehouse’s CFO To Depart
Sportsman’s Warehouse Holdings Inc., which agreed in January to be acquired by Bass Pro, said in a regulatory filing that its CFO, Robert Julian, had notified the company that he plans to resign, effective October 1, 2021.
Rally House To Open Two Cincinnati Stores
Rally House is opening two stores in the Cincinnati metro area. Rally House 32 East opened last week, and Rally House Waterstone is scheduled to open on September 24.
Lululemon Announces Mirror CEO Steps Down
Lululemon said in an internal memo to employees that Brynn Putnam, CEO of Mirror, has stepped down, effective immediately. Putnam will continue to serve as an advisor to Mirror until next July while Lululemon searches for her successor.
Kathmandu’s Sales Expand 15 Percent In Fiscal Year
Kathmandu Holdings Ltd. reported sales rose 15.1 percent in the fiscal year ended July 31. Strong performances were seen from Rip Curl and Oboz, driven by participation growth in surfing and hiking. The Kathmandu chain was impacted by COVID-related travel restrictions.
Lids Appoints President
Lids announced the promotion of Britten Maughan to president. He was Lids’ senior vice president, marketing and partnerships.
Dick’s SG Becomes Official Sporting Goods Retail Partner Of The WNBA
The Women’s National Basketball Association (WNBA) announced that Dick’s Sporting Goods has been named an Official Marketing Partner of the league beginning in 2021. Through this new multiyear agreement, Dick’s Sporting Goods will become the Official Sporting Goods Retail Partner of the WNBA.
Under Armour Countersues UCLA In Sponsorship Rift
Under Armour Inc. has filed a countersuit three weeks after a Los Angeles Superior Court judge refused to dismiss UCLA’s $200 million lawsuit against Under Armour.
Nike Named World’s Most Marketable Brand In Sport For 2021
Nike again earned the top spot in SportsPro’s second annual list of the World’s 50 Most Marketable (50MM) Brands powered by Hookit. Adidas came second in the standings. Emirates, Santander and Red Bull rounded out the top five.
Amer Sports Announces Retirement Of Salomon VP / Atomic GM
Amer Sports announced that Mike Adams is retiring after 45 years in the snowsports industry and more than 25 years with Amer Sports.
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