Breaking: Arne Freundt Takes Reins Of Puma SE
The Supervisory Board of Puma SE has decided that Arne Freundt, Puma’s chief commercial officer, will become chairman of its Management Board and CEO of Puma SE effective immediately after announcing that Bjørn Gulden would become CEO of Adidas AG.
USA Triathlon Names Chief Executive Officer
USA Triathlon named Victoria Brumfield as CEO. She has been the organization’s interim CEO since early September 2022.
Adidas Makes It Official With Gulden’s CEO Appointment
Adidas AG reported that Bjørn Gulden, Puma’s CEO, will be appointed as a member of the executive board and CEO of Adidas AG, effective January 1, 2023.
Inov-8 Opens First Showroom In Europe
UK-based Inov-8 opened its first showroom in Annecy, France. “The showroom will be a basecamp for all customers, media contacts, friends, and family living within the heart of the French Alps,” said Manu Fedon, Inov-8 sales manager for France.
Fanatics Hires Director, Business Development, Australasia
Fanatics hired Tyler Emsden as director of business development across Australia and New Zealand, responsible for growing the business and building partnerships with sports teams, leagues and organizations.
Sun & Ski Sports To Open 32nd Store
Sun & Ski Sports will open its 32nd store in Phoenix/Paradise Valley, AZ, on November 11, in the former space occupied by Staples located off Tatum Blvd.
Adidas Debt Ratings Outlook Revised To Negative
S&P Global Ratings reduced its debt ratings outlook to negative from stable due to the company’s recent operating performance deterioration and increased leverage.
Wolverine Worldwide Appoints Lead Independent Director
Wolverine World Wide, Inc. hired Nicholas Long as the lead independent director of its Board of Directors.
Culture Kings Opens Flagship Store In Las Vegas
A.k.a. Brands Holding Corp. announced opening the first U.S. Culture Kings flagship store at The Forum Shops at Caesars, a Simon Property in Las Vegas, NV, on November 5.
Nike Suspends Relationship With Kyrie Irving
Nike suspended its ties with Brooklyn Nets star Kyrie Irving and canceled his line of shoes following his promotion on social media of an anti-semitic documentary.
Canada Goose To Open Stores In Las Vegas And Denver
Canada Goose announced plans to open stores in permanent locations in Las Vegas and Denver, including two pop-up stores in Aspen and Detroit.
Adidas Eyes Puma’s Outgoing CEO Bjorn Gulden As New CEO
Adidas AG confirmed Friday that it is in talks with Puma Chief Executive Bjorn Gulden as a potential CEO successor. Earlier Friday, Puma said Gulden would leave at the end of the year and appointed Arne Freundt as its new CEO, effective January 1, 2023.
StockX Undergoes Lays Offs For Second Time In Four Months
StockX confirmed that it laid off less than 80 employees. In a media statement, the sneaker marketplace seller said it made “adjustments” to corporate teams “to align with our current organizational priorities.”
NRF Sees Holiday Sales Growing As Much As 8 Percent
The National Retail Federation (NRF) expects holiday sales growth over November and December will expand in the range of 6 percent to 8 percent to between $942.6 billion and $960.4 billion. Last year’s holiday sales grew 13.5 percent over 2020.
Compass Diversified Sees Q3 Adjusted Earnings, Pro Forma Sales Up 15 Percent
Compass Diversified, the parent company to a number of active lifestyle brands, including BOA, 5.11, Primaloft and Velocity Outdoor, among others, posted $597.6 million in net sales in the third quarter, up 22 percent compared to $488.2 million in the third quarter of 2021.
