Topsports International Holdings Ltd, the sportswear business of Chinese footwear retailer Belle International, launched a Hong Kong initial public offering (IPO) to raise up to $1.2 billion, according to Reuters.
Category: Footwear
Adidas America To Fund Cycle-Track Outside Portland Headquarters
Adidas America Inc is looking to spend $1 million for the construction of a cycle-track on the street outside their headquarters in the Overlook neighborhood of north Portland.
Nike Seeking Rejection Of Avenatti Subpoena Requests
Nike has asked a federal judge to reject a subpoena request from celebrity lawyer Michael Avenatti, according to the Portland Business Journal.
New Balance Seeks To Block Nike’s Liverpool Deal
New Balance is taking legal action against Liverpool because they’re being prevented from matching Nike’s bid for the soccer club’s kit rights.
The Best Running Stores Event Announces 2020 Date and Location
The Best Running Stores, which is organized by Diversified Communications, producers of The Running Event and Running Insight, announced that next year’s event will be held in Stone Mountain, GA at the Atlanta Evergreen Marriott from May 17-19, 2020.
Asics Accelerates Climate Initiatives
Asics announced it is committing to set 1.5°C science-based emissions reduction targets aligned with a net-zero future by 2050, responding to what climate science indicates is needed to limit the worst impacts of climate change.
Foot Locker To Open Regional Flagship Store At Manchester Arndale
M&G Real Estate and intu, joint owners of Manchester Arndale, have announced that Foot Locker will be moving into a larger unit at the center, developing a new experience-led flagship regional store.
J.C. Penney Preparing For Debt Discussions
J.C. Penney is preparing for discussions that could ease its debt burden ahead of the critical holiday shopping season, according to a report from Bloomberg.
Boardriders Launches Multi-Year Growth Agenda And Repositioning Of Key Executives
Boardriders, Inc., the owner of action sports brands including Quiksilver, Billabong, ROXY, DC Shoes, RVCA and Element, announced that it is launching a multi-year growth agenda by investing in a range of strategic initiatives across seven major pillars, fueled by its substantial progress in integrating the Billabong acquisition onto the Boardriders platform. In parallel, the company is also repositioning a number of key executives.
Kathmandu’s Annual Results Boosted By Oboz
Kathmandu Holdings Ltd., based in New Zealand, reported net profits rose 13.7 percent in the year ended July 31 on a 9.7 percent revenue gain. The gains were led by Oboz, the U.S.-based outdoor footwear brand. Oboz’s sales grew 30 percent to U.S.$44.6 million.
Asics Partners With The Mouratoglou Academy
Asics has announced it will become the official tennis footwear and apparel partner of the prestigious Mouratoglou Academy, as part of a multi-year deal.
New Balance Offers Employees Tuition-Free Path To College Degree
New Balance Athletics, Inc. announced an agreement with Purdue University Global that provides a new tuition benefit program for its associates in the U.S.
Nike Expands Partnership With China High School Basketball League
Nike is partnering with the China School Sports Federation [CSSF] to expand the China High School Basketball League [CHBL], increasing the league’s intranational reach, investing in league marketing strategies and providing playing apparel beginning in the 2019-20 season.
Stage Stores Announces Total Company Conversion To Off-Price
Based on the success of the conversion strategy, the company plans to begin converting its remaining department stores in February of 2020, and expects to be operating approximately 700 predominantly small-market Gordmans off-price stores by the third quarter of fiscal 2020.
Nike’s Colin Kaepernick Ad Wins Emmy
Nike’s controversial “Dream Crazy” commercial featuring Colin Kaepernick won the Creative Arts Emmy for Outstanding Commercial.
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