Fanatics Appoints SVP, International Business Development
Fanatics announced the appointment of Matthew Primack as senior vice president, International Business Development. He was formerly at IMG Licensing.
Adidas Sets Major Expansion For Downtown Los Angeles
Adidas has leased 107,000 square feet of office space in downtown Los Angeles marking a major expansion of its Los Angeles operation for marketing and sales and design according to a report in the Wall Street Journal.
REI To Open Distribution Center In Tennessee With Sustainability In Mind
REI announced that it is building a distribution center in Lebanon, TN to support its growth on the East Coast and in the Midwest and South.
Adobe: Holiday Online Sales Grew 9 Percent
Adobe released the Adobe Digital Economy Index, its final online shopping figures for the holiday season (November 1 to December 31). Consumers spent a total of $204.5 billion over the 2021 holiday season, up 8.6 percent year-over-year (YoY).
PLAE Expands With Innovation Factory And Custom-Built Racks
PLAE announced it has invested more than $10 million in a 90,000-square-foot factory to custom-build a new line of strength training racks.
Urban Outfitters Holiday Comps Rise 14.6 Percent
Urban Outfitters, Inc. announced net sales over November and December rose 14.6 percent, although it indicated that higher freight costs and promotions at the Free People brand will impact margins.
Yue Yuen Revenues Up One Percent For 2021
Yue Yuen reported sales slipped 2.1 percent in December and ended up 1.0 percent for the year.
Amer Sports Divests Suunto To Liesheng
Amer Sports has reached an agreement to divest Suunto to Liesheng, a Chinese technology company focusing on the smart & sport wearables electronics segment.
Port Of Los Angeles Applauds Governor Newsom’s Port Investment Plan
On Monday, the California Governor, Galvin Newsom, unveiled his 2022/23 state budget proposal, known as “The California Blueprint.” The proposed budget includes a planned record investment of $2.3 billion for California ports.
Ice Shaker Partners With Oxygen Esports
Ice Shaker and Oxygen Esports announced a partnership where Ice Shaker becomes the official Performance Bottle and Shaker Partner of Oxygen Esports, the Boston Uprising and the newly announced Boston Call of Duty League franchise.
Nester Hosiery Appoints SVP Brands And Licenses
Nester Hosiery, the maker of merino wool socks and parent of Farm to Feet, has added Chris Bevin to its executive team as senior vice president of Brands and Licenses.
American Pacific Group Completes Investment Into Gym Launch And Prestige Labs
American Pacific Group (APG), a San Francisco Bay Area-based private equity firm, announced that its Fund I has made an investment in Gym Launch and Prestige Labs.
MacNeill Pride Group Continues Transformation; Rebrands As Gathr Outdoors
MacNeill Pride Group (MPG) is rebranding to Gathr Outdoors to better reflect its mission and the industries within which it operates following its acquisitions of ORCA, GCI Outdoor, Klymit and Rightline Gear. Gathr Outdoors is a portfolio company of Centre Partners.
VF Corp. Appoints Global Brand President, The North Face
VF Corp. announced that it has appointed Nicole Otto as global brand president, The North Face. Otto joins VF following a 16-year career at Nike and will succeed Steve Murray who is retiring and returning to the UK. The leadership transition will be effective on June 2022.
Topspin Consumer Partners Invests In Mission
Topspin Consumer Partners, a private equity firm focused on the consumer sector, announced that it has made a growth investment in Mission, which specializes in cooling solutions used in sports, outdoor and jobsite applications.
