Dolfin Swimwear announced the signing of U.S. National Team member, World Championship medalist, and 2020 Olympic prospect Zane Grothe as an endorser.
Category: Apparel
Marquee Brands Acquires Dakine
Marquee Brands LLC announced that it has acquired the Dakine brand and all related intellectual property. In conjunction with the acquisition, Marquee Brands has entered into a long-term license agreement with JR286, which has acquired the operating assets of Dakine and will become Marquee Brands’ long-term operating partner for the brand.
ISA TanTec Progresses With The Expansion Of Existing Saigon Facility
Following the recent opening of its Saigon Showroom, ISA TanTec, an international eco-friendly leather manufacturer, reports on the progress of the further expansion of its existing tannery Saigon TanTec in Binh Duong province in order to meet the growing demand for its eco-friendly LITE leather.
Newell Brands Announces Tender Offers For $1.5 Billion Of Outstanding Debt
Newell Brands Inc. commenced debt tender offers to purchase for cash of $1.5 billion in debt. The company expects to fund the tender offers with the proceeds from divestitures under the company’s Accelerated Transformation Plan (including the divestitures of the Pure Fishing and Jostens businesses, if consummated), together with available cash on hand.
Fjallraven North America’s Nathan Dopp Shares Brand Outlook
Nathan Dopp, deputy CEO and president of the Americas for Fjallraven North America, spoke with SGB at last month’s Outdoor Retailer Winter Market in Denver, CO, where he shared what’s on tap for the brand in 2019 and beyond.
Nike Names Heidi O’Neill To Expanded Role As President of Nike Direct
Nike Inc. on Tuesday announced that Heidi O’Neill, president, Nike Direct, will expand her current role as leader of Nike physical retail stores and Nike.com to now include all Nike digital products, services and member experiences, effective immediately. O’Neill will report to Elliott Hill, president, Consumer and Marketplace.
J.P. Morgan Turns Bullish On Nike’s North American Momentum
J.P. Morgan raised its price target on Nike Inc. to $85 from $81 as the investment firm has grown more convinced that Nike’s momentum in North America is accelerating. Based on its own recent fieldwork, J.P. Morgan raised its North America revenue estimate to 9 percent growth for Nike’s second quarter ended November 30.
Tilly’s Announces Revised Fiscal 2018 Q3 Results
Tilly’s Inc. on Tuesday announced revised financial results for the fiscal 2018 third quarter and year-to-date period ended November 3 in order to correct certain accounting entries relating to inventory under the retail method, which had accumulated over several fiscal periods, including the third quarter of fiscal 2018.
Ascent360 Heads into 2019 With An Investment Boost
Ascent360, a Golden-CO based software company with a focus outdoor-related companies, announced it has secured a Series A venture capital investment totaling $4.1 million.
Icebreaker Opens New Bellevue Touch Lab And Re-Opens Portland Flagship
New Zealand-based Icebreaker opened a new Touch Lab in Bellevue, WA and re-open their Portland, OR flagship store.
BibRave 100’s Winning Races Announced
The Missoula Marathon was again voted The Best Marathon in America, according to the 2018 edition of The BibRave 100. The OneAmerica 500 Festival Mini-Marathon won the Half Marathon category, AJC Peachtree Road Race again won the 10K, and the Allstate Hot Chocolate Chicago 5K won the 5K category.
Little League Establishes New Executive Leadership Structure
A new executive leadership structure of Little League International was established following the annual fall meeting of the Little League International Board of Directors.
Big 5 Again Faces Activist Investors
Another activist group, led by former senior executives at Wal-Mart and Vans, have launched a website, www.SaveBig5.com, and sent out a press release urging shareholders to vote for them to fill two vacant seats on the board.
Performance Bicycle To Liquidate All Doors
Performance Bicycle in an amended bankruptcy filing said Gordon Brothers, which was initially to liquidate 40 Performance Bicycle stores, has been retained to liquidate the chain’s remaining 62 stores. The chain’s owner indicated stores may be reopening as part of the restructuring.
Tariff War Far From Over
President Donald Trump and Chinese President Xi Jinping agreed Saturday to a temporary trade cease-fire to allow time for more negotiations but trade experts are doubtful that 90 days will be enough time to resolve the thorny and complicated issues that divide the two countries.
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