S&P Global Ratings revised the CreditWatch implications on Authentic Brands Group (ABG) to developing from positive as its pending acquisition of Reebok may delay its initial public offering.
Category: Footwear
Under Armour Appoints Board Member
Under Armour, Inc. announced that David Gibbs had been appointed to its Board of Directors effective September 1, 2021. Gibbs is the chief executive officer of Yum! Brands Inc., the parent of KFC, Pizza Hut, Taco Bell, and The Habit Burger Grill restaurants.
New Balance Sues Michael Kors For Trademark Infringement
New Balance has filed a lawsuit in United States District Court District Of Massachusetts charging Michael Kors infringed on the shoe brand’s trademarks.
Sequential Brands Group Sells Ellen Tracy And Caribbean Joe Brands
Sequential Brands Group has sold the Ellen Tracy and Caribbean Joe brands to GMA Group for a total of $20 million, according to a regulatory filing.
StockX Adds Board Member
StockX announced the appointment of its newest board member, Stacy Brown-Philpot.
Nike Opens Rise Store Concept In Seoul
Nike is expanding its tech-driven Rise concept to Seoul, Korea. The opening follows the launch of its first Rise retail concept store in Guangzhou, China last summer.
Neiman Marcus Appoints SVP Of Digital Business & Customer Strategy
Neiman Marcus Group announced the appointment of Renée Paradise as senior vice president of digital business & customer strategy.
Kathmandu Holdings Inc. Announces New Global CEO For Rip Curl
Rip Curl announced it has appointed a new Global , CEO, Brooke Farris. This follows the previously announced promotion of Michael Daly from this role to Group CEO and managing director, Kathmandu Holdings Limited. Farris will report to Daly.
Asics North America Sales Surge In Second Quarter
Asics Corp. reported sales rose 50.6 percent in the North America region in the first six months. Sales in the second quarter surged 88.1 percent.
Wolverine Worldwide Announces Pricing Of Senior Notes
Wolverine World Wide Inc. announced the pricing of its offering of $550 million aggregate principal amount of 4.000 percent senior notes due 2029.
Yue Yuen’s Revenues Climb 17 Percent In First Half
Yue Yuen Industrial (Holdings) Limited recorded revenue of US$4.81 billion in the six months, representing an increase of 17.7 percent, compared with the corresponding period last year.
Beachbody’s Revenues Show Modest Q2 Gain
The Beachbody Co., in its first report since going public, reported total revenue in the second quarter was $223.1 million, a 2 percent increase compared to 2020 and a 21 percent increase compared to 2019.
Zappos.com Becomes Abercrombie & Fitch’s U.S. E-commerce Partner
Zappos.com and Abercrombie & Fitch announced a partnership to sell Abercrombie & Fitch apparel through Zappos.com.
Moody’s Assigns Ba2 Rating To Wolverine’s Proposed Senior Unsecured Notes
Moody’s Investors Service assigned a Ba2 rating to Wolverine World Wide, Inc.’s proposed $550 million senior unsecured notes due 2029.
Adidas Partners With For Soccer Ventures
For Soccer Ventures (FSV) based in Philadelphia, announced a strategic partnership making Adidas the official athletic apparel sponsor for Verizon Copa Alianza, Ford Copita Alianza, TUDN Alianza Femenil, Alianza 5v5, and Allstate Sueño Alianza.
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