S&P Global Ratings said it placed the debt ratings of Authentic Brands Group (ABG) under review for a possible upgrade after the brand licensing powerhouse filed for an initial public offering.
Category: Footwear
REI To Open Second Location In Missouri
REI will open a new store in Spring 2022 in Town and Country, MO. Since 2001, the outdoor retailer has had a store presence in St. Louis.
PacSun Enters Sneaker Resale Business
Pacific Sunwear of California has launched into the sneaker resale market with PS Reserve.
Belk Announces Promotions Within Senior Leadership Team, Including New CEO
Belk announced several promotions within the company’s senior leadership, most notably the promotion of Nir Patel to CEO. Lisa Harper, who served as Belk’s CEO dating back to July 2016, has transitioned to Executive Chair of the Belk Board of Directors.
Authentic Brands Group Files For IPO
Authentic Brands, which owns a number of fashion and sports brands, filed for an initial public offering.
Phil Knight Donates Another $500 Million To The University Of Oregon
Nike’s Co-founder Phil Knight and his wife Penny have given a second $500 million donation to his alma mater, The University of Oregon. The donation will help the University launch the second phase of the Phil and Penny Knight Campus for Accelerating Scientific Impact.
Shareholder Advisory Firm Backs Genesco’s Board Picks
Genesco Inc. said that Institutional Shareholder Services (ISS), an independent provider of proxy research and vote recommendations to the institutional investment community, has recommended that Genesco shareholders vote for all nine of the company’s director nominees at Genesco’s annual meeting on July 20. Legion Partners, the activist shareholder group, described ISS’s recommendation as “contradictory” and continued to push for changes to the board.
Hibbett Sports Opens Stores In North And South Carolina
Hibbett Sports opened a Hibbett Sports location in Garner, NC and a City Gear in Beaufort, SC.
CrossFit Names Former Nike Executive As President
CrossFit LLC announced the appointment of former Nike executive Jason Dunlop as president. Dunlop, who also held senior roles at Starbucks and The Gap, will accelerate CrossFit’s global growth.
Camping World Continues Expansion With Vermont Acquisition
Camping World Holdings Inc. announced a land acquisition agreement for TC’s RV dealership in St. Albans City, VT. This location will be the retailer’s first facility in the state of Vermont.
Volcom Operating Group To Pick Up Spyder License
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.
SoleSavy Announces Series A Funding
SoleSavy announced it has raised $12.5 million in Series A funding, led by Bedrock Capital. The community-based sneaker startup will use the funding to launch a peer-to-peer member marketplace this fall and expand overseas.
Puma Signs First First NHL Player
Puma has signed a long-term agreement with NHL All-Star Leon Draisaitl, who will become the first NHL player to join the company as a brand ambassador.
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.
Rothy’s Opens Store In Chicago
Rothy’s has opened its first Midwest location in the Lincoln Park neighborhood of Chicago.
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