SGB Executive Apparel

EXEC: Rip Curl CEO Resigns Two Weeks After Parent Company CEO Resigned

Brooke Farris has given notice of her resignation as Rip Curl brand CEO. The move came just two weeks after Michael Daly notified the Board of his resignation after serving as Group CEO since May 2021. Former Nike executive Brent Scrimshaw was named the new group CEO.

EXEC: Nike’s Stock Nets “Buy” Upgrade on Leadership Changes

Nike scored its first rating upgrade since news arrived of Elliot Hill’s appointment as CEO. Truist Securities’ Joe Civello believes Nike’s increasingly veteran-driven management team can revive the brand’s marketing and innovation, including better promoting Caitlin Clark, while continuing to repair wholesale relationships. Civello also cited selling direct on Amazon as a “game-changer” opportunity.

EXEC: Is The Vista Outdoor Bidding War Finally Over?

Vista’s Outdoor’s moves over the weekend to find a buyer for the Revelyst outdoor business and receive yet another higher offer for its Kinetic Group ammunition and firearms business should be enough to secure shareholder approval and avoid another hostile bid, according to several analysts following the stock.

U.S. Port Workers and Operators Reach Deal to Suspend East Coast Strike

In a joint statement on the evening of October 3, the ILA and USMX reached a tentative agreement on wages and extended the group’s “Master Contract” until January 15, 2025, when they will return to the bargaining table to negotiate all other outstanding issues.