Adidas reached a definitive agreement to sell Reebok to Authentic Brands Group (ABG) for a total consideration of up to €2.1 billion, or about $2.5 billion.
Category: Apparel
Patagonia To Open First Store In Brooklyn
Patagonia is planning to open its first store in Brooklyn 70 North 6th Street in Williamsburg, according to Commercial Observer.
Delta Galil Sees 86 Percent Q2 Gain
Delta Galil Industries Ltd. reported a profit against a loss in the second quarter ended June 30. Revenues for the Israeli-based maker of underwear, leisurewear and activewear jumped 68 percent.
Dillard’s Q2 Revenues Surge 72 percent
Dillard’s Inc. reported a strong rebound in earnings in the second quarter ended July 31 as sales grew 72 percent.
SportChek’s Same-Store Sales Climb 28.6 Percent In Second Quarter
Canadian Tire Corporation Ltd. reported comparable-store sales at SportChek improved 28.6 percent year-over-year in the second quarter ended July 3. Compared to 2019, comparable sales were up 5.1 percent at SportChek. Helly Hansen’s external revenue was $100.6 million, up 45.9 percent year over year.
Wolverine Worldwide Offers $550 Million Of Senior Notes
Wolverine World Wide Inc. announced that it is offering a $550 million aggregate principal amount of senior notes due 2029. Proceeds will be used to repay other notes.
HanesBrands Announces New Head Of U.S. Champion Brand
HanesBrands announced that Maria Teza has been promoted to senior vice president of the Champion brand in the United States, effective September 1, 2021.
5.11 Confidentially Files For IPO
5.11, which is owned by Compass Diversified, announced that it confidentially submitted a draft registration statement on Form S-1 to the Securities and Exchange Commission relating to the proposed initial public offering of its common stock.
Rapha Closes Custom Apparel Division
Rapha is closing its custom apparel program after three years, according to a report on CyclingTips.com.
Canada Goose Sees Q1 Revenues More Than Double
Canada Goose Holdings Inc. reported a slightly higher loss in the first quarter ended June 27. Revenues vaulted 115.7 percent. Global e-Commerce revenue increased by 80.8 percent.
Bass Pro To Open Third St. Louis Location
Bass Pro Shops and Cabela’s announced plans to open a new store in Sunset Hills, MO. The 75,000-square-foot store will be the outdoor retailer’s third location in the St. Louis region.
Salomon Appoints New President
Amer Sports Corp. announced the planned appointment of Franco Fogliato as president and CEO of Salomon. Fogliato most recently held the position of executive vice president global omnichannel for Columbia Sportswear.
Seirus’ HeatWave Design Found Not To Infringe Columbia’s Design Patent
A San Diego jury returned a verdict in favor of Seirus, finding that its HeatWave products do not infringe Columbia’s D697,093 patent.
Fanatics Nets $18 Billion Valuation In New Funding Round
Fanatics secured $325 million in new funding as it looks to expand into other business opportunities, including sports sectors such as NFTs, gambling, gaming, ticketing, media, and more. Founder and Executive Chairman Michael Rubin will be taking over the role as CEO of the broader Fanatics company.
Prana Appoints Director Of North American Sales
Prana announced the promotion of Christian Castellani to North America sales director.
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