Garmont International, based in Treviso, Italy, announced that Italian Strategy Private Equity (ISPE), managed by Riello Investimenti Partners Sgr Spa, has entered into the share capital of the company with a 65 percent stake in its shares. Of the remaining 35 percent, Pierangelo Bressan, current president and CEO, holds 30 percent and will continue in his present role.
Category: Footwear
Crocs To Offer $300 Million Of 8-year Bonds
Crocs Inc. said Monday it has launched an offering of $300 million of 8-year bonds, with proceeds to be used to repay up to $180 million of a revolving credit facility and for general corporate purposes.
Inov-8 Relaunches Under Original Founder
Inov-8 founder Wayne Edy quietly bought back the footwear company from Descente last year and is planning a relaunch with a new running shoe for trail and ultramarathon runners.
Saks Fifth Avenue Stores And E-Commerce To Become Separate Companies
The Hudson’s Bay Company, owners of Saks Fifth Avenue, signed a deal to sell a minority stake in Saks Fifth Avenue’s e-commerce business and turn it into a separate company.
Foot Locker Appoints Creative Director, Women’s Business
Foot Locker announced Melody Ehsani as creative director of its women’s business. The LA founder of the ME. streetwear brand will design a quarterly apparel capsule collection and curate an on-going selection of Nike and Jordan products.
Hillsound Equipment Expands Sales Team With Additions In U.S. And Canada
Hillsound Equipment has partnered with Endless Adventure Sales and Pro Line Sports Ltd to distribute its products in the U.S. Pacific Region and Western Canadian.
Mastercard: U.S. Retail Sales Grew 4.6 Percent In February
U.S. retail sales climbed 4.6 percent in February after adjusting for the fact that 2020 was a leap year, according to data from Mastercard’s SpendingPulse.
Original Penguin Welcomes PGA Tour Winner To Tour Staff
Original Penguin Golf, a division of Perry Ellis International, announces the signing of PGA Tour winner Danny Lee as a brand ambassador. Lee will make his debut this week in Orlando, FL wearing OPG’s Spring 2021 collection.
HanesBrands Names General Counsel, Corporate Secretary And Chief Compliance Officer
HanesBrands announced that Tracy Preston has been named general counsel, corporate secretary and chief compliance officer, effective March 29, 2021.
Hibbett Sports Fourth Quarter Earnings Surge
Profits at Hibbett Sports Inc. catapulted 168 percent in the fourth quarter ended January 30 as same-store sales ran up 21.9 percent. Mike Longo, president and chief executive officer, said in a statement, “The strong momentum that we experienced in our business in the second and third quarters continued in the fourth quarter.”
Reebok Appoints VP Of Apparel
Reebok announced the appointment of Portia Blunt to vice president, apparel. Blunt most recently served as director of apparel operations at New Balance.
USA Cycling Hires Chief Marketing Officer
USA Cycling has named Matt Heitmann as chief marketing officer overseeing marketing and membership. Heitmann joins the organization after leading marketing efforts of multiple industry organizations, including The Pro’s Closet, Canyon and BMC.
Florida A&M Announces New Partnership With Nike, LeBron James
Florida A&M Athletics announced a six-year agreement with Nike Inc., to make Nike the official athletic footwear, apparel and equipment provider for the Rattlers beginning July 1, 2021. The team will be outfitted with LeBron James uniforms, apparel and footwear.
Dunham’s Sports Returns To Marquette
Dunham’s announced plans to return to Marquette, MI this summer with a store set to open in the Westwood Mall in the old Yonkers location.
Burlington Stores Q4 Same-Store Sales Flat
Burlington Stores reported earnings fell 24.2 percent in the fourth quarter on flat comp sales. The off-pricer also set a new store target to reach 2,000 stores, up from the previous goal of 1,000 stores.
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