Baron Davis, the former two-time NBA All-Star, and hip-hop mogul Percy “Master P” Miller are in discussions with Adidas to acquire the Reebok brand.
Category: Footwear
VF Corp. Completes Acquisition Of Supreme
VF Corp. announced that it has completed its previously announced acquisition of Supreme, the streetwear brand, for an aggregate base purchase price of $2.1 billion.
Taubman Centers Approves Merger With Simon Property Group
Luxury mall owner Taubman Centers, Inc. announced that its shareholders at a special meeting approved a merger agreement between Taubman Realty Group and the biggest mall owner in America Simon Property Group
Bass Pro’s Planned Acquisition Of Sportsman’s Warehouse Seen As Credit Positive
Moody’s Investors Service said that Bass Pro Group, L.L.C’s planned acquisition of Sportsman’s Warehouse Holdings Inc. for approximately $800 million is a credit positive, but has no impact on the company’s ratings or outlook.
Adidas Raises Commitment To Sustainable Products
Adidas AG said more than 60 percent of its products will be made with sustainable materials in 2021. From 2024 onward, Adidas is committed to using only recycled polyester.
Dick’s SG To Close Clearance Outlet In Wisconsin
Dick’s Sporting Goods is scheduled to close a Dick’s Clearance Outlet in Racine, WI permanently on January 16, according to a report from The Journal Times.
Adidas Signs Top NBA Draft Pick
Adidas signed Anthony Edwards, the first overall pick in the 2020 NBA Draft, to an endorsement deal, according to The Athletic.
Weyco Group Accelerates Dividend Payment Date
Weyco Group, Inc. announced that it is accelerating the payment date for its previously declared and announced regular quarterly dividend to December 31, 2020.
Mastercard: Holiday Retail Sales Grew 3.0 Percent
According to Mastercard SpendingPulse, holiday retail sales, excluding automotive and gasoline, increased 3.0 percent this expanded holiday season, running from October 11 through December 24. Notably, online sales grew 49.0 percent compared to 2019, the preliminary insights show.
Registration Opens For Virtual 2021 PGA Merchandise Show
Registration for the virtual 2021 PGA Merchandise Show, January 26 to 29, 2021, is now open for PGA and LPGA Members, golf buyers and industry professionals at PGAShow.com.
From Our Family To Yours …
Warmest thoughts and Best Wishes for a Wonderful Holiday and a very Happy New Year. Wishing you and your families the gifts of the season — Peace, Joy and Hope. SGB Media
Running USA Appoints CEO
Running USA announced that Dawna Stone has been hired as the organization’s fourth CEO in its 22-year history.
Dick’s SG Location In Kingsport To Close
Dick’s Sporting Goods will close its location in Kingsport, TN on January 3, according to a report from WYCB-TV.
Adidas And Jerry Lorenzo Announce Long-Term Partnership
Adidas announced a new long-term deal with Fear of God’s Jerry Lorenzo. The Los Angeles-based designer will “drive the creative and business strategy for Adidas basketball globally,” according to a statement from Adidas.
RIA Elects New Slate Of Directors for 2021
The Running Industry Association (RIA) voting for the organization’s 2021 Board of Directors concluded last night adding five new directors to replace an equal number of departing directors.
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