SGB Update Apparel

Prince Secures New Footwear Partner

Prince, the racquet sports and lifestyle brand owned by Authentic Brands Group (ABG), has partnered with Pajar Canada, to launch lifestyle footwear.

New Era Sets Debt Reorganization

New Era Cap, LLC has proposed a $300 million senior secured first-lien term loan due 2028 to support a recapitalization.

JCPenney To Offer Forever 21

JCPenney announced Forever 21 as the latest addition to its portfolio of fashion brands available in 100 JCPenney stores nationwide and online at jcpenney.com.

Gildan Activewear Announces Acquisition Of Frontier Yarns

Gildan Activewear Inc. announced that, through one of its wholly-owned subsidiaries, it has acquired 100 percent of the equity interests of Phoenix Sanford, LLC, the parent company of Frontier Yarns for a total cash consideration of approximately $168 million.

Nike Acquires RTFKT

Nike Inc. announced the acquisition of RTFKT, a London-based crypto fashion brand. 

AAFA Urges Biden Administration To Act On Inflation

American Apparel & Footwear Association President and CEO Steve Lamar reacted to reports that prices in America rose 6.8 percent in the 12 months ending in November—the largest rise in nearly 40 years. Prices for clothing and footwear rose 5 percent and 4.7 percent during this time.

LIV Golf Investments Appoints Chief Operating Officer

LIV Golf Investments focused on making strategic investments in golf, announced that it had appointed Atul Khosla as chief operating officer. Khosla was most recently the chief corporate development and brand officer for the NFL’s Tampa Bay Buccaneers.

The Running Event Draws 200 Exhibitors

The Running Event, held last week in Austin, said it drew 200 exhibitors, marking a return after being canceled in 2020 due to the pandemic.

Urban Outfitters Appoints Board Member

Urban Outfitters, Inc. announced effective December 7, 2021, it had expanded the size of its Board from 10 to 11 seats and elected Kelly Campbell as an independent director.