Asics Corp. announced that its investment subsidiary Asics Ventures Corporation took an equity stake in Dreamers Fund, which invests primarily in early-stage startups in the U.S. Asics Ventures will be a limited partner in the fund.
Category: Footwear
REI To Close On Black Friday For Fifth Straight Year
For the fifth time this Black Friday, REI Co-op will close all its stores, process no online payments and pay all 13,000 employees to #OptOutside with friends and family. But this year, under the leadership of a new CEO and facing a global environmental crisis, the co-op is going a step further: asking its 13,000 employees and 18 million members to join in the fight for life outdoors – and life on this planet.
Foot Locker To Open ‘Rivals Café’ Restaurant Pop-Up Inside Los Angeles Flagship
To celebrate the launch of the Jordan Rivals footwear and apparel collection, Foot Locker has put its own twist on rivalries by opening a pop-up restaurant inside its LA flagship at Hollywood & Highland.
Skechers Achieves Record Net Sales In Third Quarter
Skechers USA Inc. reported net earnings rose 13.7 percent in the third quarter on a 15.1 percent revenue gain.
Nike’s CEO Mark Parker To Step Down In January 2020, John Donahoe To Succeed
Nike Inc said John Donahoe will be appointed as the company’s new president and chief executive officer, effective Jan. 13, 2020. At the same time, Mark Parker, CEO since 2006 and chairman, president and CEO since 2016, will become executive chairman and continue to lead the board of directors and work closely with Donahoe and the senior management team.
Voxel8 Announcing Series B Investment Round
Voxel8, a start-up bringing 3-D printing to footwear and athletic apparel, announces a Series B funding led by DSM Venturing, the venture investment arm of DSM.
IAAF To Investigate Nike’s Record-Breaking Shoe
The International Association of Athletics Federation (IAAF), the organizing body for various running-based competitions, launched a probe into the Nike Vaporfly after reported complaints about its use in competition.
Under Armour Founder Kevin Plank Steps Aside As CEO
Kevin Plank, the founder and CEO of Under Armour Inc., is stepping down as CEO. Patrik Frisk, the company’s chief operating officer, will take over as CEO at the end of the year. Plank, who started the sportswear company in 1996, will stay as executive chairman and brand chief.
Saks-Owner To Go Private
Hudson’s Bay Company, which owns Saks Fifth Avenue, said its board of directors has accepted a revised offer from a group of majority shareholders led by executive chairman Richard Baker, bringing the retailer a step closer to going private.
Adidas’ Eric Liedtke To Exit At Year End
Adidas AG announced that Eric Liedtke, a 25-year Adidas veteran responsible for global brands, plans to exit the company at the close of the year. Liedtke was credited with guiding successful collaborations with global influencers such as Kanye West, Pharrell Williams and Beyoncé. Brian Grevy, CEO of Gant, will return as executive board member, responsible for global brands at the start of next year.
Goat Expands Into Luxury And Streetwear Apparel And Accessories
Goat, the global re-seller platform for style, announced its category expansion beyond sneakers. It has added apparel and accessories from emerging, contemporary and luxury brands to its platform in its drive to provide the broadest style offering in the world.
New Balance Opens Kawhi’s Fun House Pop-Up
New Balance partnered with Shoe Palace opened a pop-up shop titled Kawhi’s Fun House that opened from October 18 to 20 at Shoe Palace’s Melrose Ave retail location in Los Angeles.
Skechers Wins “Best of Manhattan” And “Pay it Forward” Awards
For the fourth time in the past five years, Manhattan Beach-based athletic lifestyle footwear and apparel global brand Skechers has been honored by the Manhattan Beach Chamber of Commerce as the “Best of Manhattan.”
Nordstrom’s Chief Accounting Officer Resigns
Nordstrom Inc.’s senior vice president, chief accounting officer and treasurer, Kelley Hall, resigned from her post, effective November 1, according to a regulatory filing.
Barneys Agrees To Sell To Authentic Brands-Led Group
Barneys, the luxury chain that filed for bankruptcy in August, reached an agreement to sell its assets to Authentic Brands Group (ABG) and investment bank B. Riley Financial for $271.4 million in cash.
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