Authentic Brands Group (ABG) announced the transition of its core licenses for Spyder to Liberated Brands, the parent of Volcom surf and skateboard label. ABG also plans to appoint new license partners for Frye.
Category: Apparel
The Renewal Workshop Closes $6 Million Round
The Renewal Workshop announced a $6 million financing round. The round includes Rubio Ventures, Shift Invest, Quadia, Closed Loop Partners, Gratitude Railroad, Portland Seed Fund, Fashion for Good, DOEN, Mosiaco Management, Mistletoe, and Volta Circle.
CODI Declares Second Quarter 2021 Distributions
Compass Diversified (CODI) has declared a quarterly cash distribution of 36 cents per share on the company’s common shares.
Intersport Sells The Athlete’s Foot To Arklyz Group, Owner Of Intersocks
Intersport International Corporation (IIC) agreed on a deal to sell 100 percent of The Athlete’s Foot (TAF) retail & e-commerce network to Arklyz Group AG (Arklyz), owner of Intersocks. As part of the deal, IIC and Arklyz have agreed on a close cooperation which will bring synergies and beneficial development for all parties involved.
Patagonia Secures Multi-Year Infinna Supply
Patagonia signed a multi-year sales agreement for Infinna fiber, which is regenerated from textile waste by Infinited Fiber Company.
North Face To Discontinue Futurelight Logo After Legal Battle With Graffiti Artist
The North Face has decided to phase out and discontinue the use of its Futurelight logo following a trademark infringement lawsuit from Futura, the New York-based graffiti artist, over its design.
Beyond Pulse Forms Strategic Advisory Board
Beyond Pulse announced forming an Advisory Board of sports industry professionals who will provide strategic direction for its business, including growth in the sports wearable technology industry and refining its digital and content executions.
Workwear Outfitters Begins New Era As Stand-Alone Company
Workwear Outfitters, formerly VF Workwear, completed its sale to Redwood Capital Investments, LLC. “We are excited to begin this new chapter as the leader in workwear apparel and footwear. We’ve built a portfolio of strong brands that have excelled for more than 100 years, but we believe that the best is still ahead of us,” […]
Adidas Sues Thom Browne For Copyright Infringement
Adidas filed a lawsuit against fashion designer Thom Browne for copyright infringement over its use of stripes, according to The Fashion Law.
Patagonia Recalls UPF Apparel
Patagonia issued a voluntary recall of products in two of its sun protection lines—Capilene Cool Daily and Tropic Comfort. The products do not meet the 50+ UPF (ultraviolet protection factor) rating.
Under Armour Partners With Southeastern Athletics
Southeastern Louisiana University has entered into a five-year partnership with Under Armour through BSN Sports to be the official apparel provider of SLU Athletics.
Report: Final Bidders Arrive For Reebok
Wolverine Worldwide Inc., Advent International, CVC Capital Partners, Sycamore Partners and Cerberus Capital Management are on the list of companies that have been asked to submit final bids in August to acquire Reebok, according to a report from Reuters.
Gap To Close All Stores In UK And Ireland
Gap Inc. said it plans to close all 81 of its Gap Specialty and Gap Outlet stores in the United Kingdom and the Republic of Ireland as part of a strategic review of the company-operated business in Europe.
Neiman Marcus To Go Fur-Free By 2023
Neiman Marcus Group has committed to the elimination of products containing animal fur from its assortment by early 2023.
NCAA Allows Athletes To Profit From Name, Image And Likeness
Breaking with a long-held stance on athlete compensation, the NCAA Division I schools top rules-making group Wednesday approved policy changes that would enhance athletes’ ability to make money from their name, image and likeness, beginning July 1, 2021.
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