SGB Update Apparel
VF Corp Completes Sale Of Occupational Portion Of Work Segment
VF Corporation announced that it has completed the sale of the occupational portion of its Work segment to a subsidiary of Redwood Capital Investments, LLC, a diversified holding company.
Phunkshun Wear Hires Sales Manager
Phunkshun Wear, a Denver, CO-based company, has also hired Patrick Meehan as its new sales manager.
Logo Brands Partners With University Of North Carolina
Logo Brands Inc. has entered into a multi-year exclusive licensing agreement with the University of North Carolina at Chapel Hill, effective January 1, 2022.
EventHub Continues As Expo Management Partner For Running USA Industry Conference
Running USA announced that EventHub would continue as the Expo Management Partner for its Industry Conference to be held at Disney’s Coronado Springs Resort, FL from February 20-22, 2022.
Truewerk Raises Another $2 Million
Denver-based TrueWerk raised $2.03 million in an equity funding round, according to a Form D filing. This comes after the company reported raising $2.5 million in August.
Fleet Feet Promotes Jason Jabaut To COO
Fleet Feet announced the promotion of Jason Jabaut to COO, effective immediately. The move comes as it realigns the organization and formalizes its plan for growth centered around business development, brand awareness and customer retention.
Burberry’s CEO To Join Ferragamo
Salvatore Ferragamo SpA said it reached an agreement for Burberry Group Plc CEO Marco Gobbetti to become its general manager and chief executive officer at the end of the year.
Arc’teryx Opens Store In Santana Row
Arc’teryx opened a brand store in the Santana Row community of San Jose, CA, offering a full selection of its outerwear, packs, climbing gear, hiking and trail running apparel.
Li Ning’s Profits More Than Double In Six Months
Li Ning reported sales of not less than ¥1.8 billion for the six months ending June 30 as compared with that of ¥683.4 for the corresponding period in 2020.
Fanatics Taps Dodgers Executive To Explore New Verticals
Fanatics plans to hire Tucker Kain, president of business enterprise for the Los Angeles Dodgers, to help the company expand beyond licensed fan merchandise.
Report: Spanx In Talks On Potential Sale
Spanx, the women’s shapewear brand, has retained Goldman Sachs to explore financial options, including a sale, in a deal that could reach upwards of $1 billion, according to a report from The New York Times.
Nike Exec To Lead Dallas Mavericks
The Dallas Mavericks have reportedly reached an agreement to hire Nico Harrison, a Nike executive driving relations with NBA athletes, as its general manager.
REI To Offer Expanded Sizing In Women’s Apparel And Gear
As part of its commitment to be a more inclusive retailer, REI Co-op will expand its size range, up to size 20, in apparel and gear on REI.com, in 32 of its retail stores by the end of 2021 and in all its stores by 2022.
Beachbody SPAC Deal Wins Shareholder Approval
Forest Road Acquisition Corp. announced that its stockholders have voted to approve the proposed three-way business combination with The Beachbody Company Group, LLC and Myx Fitness Holdings, LLC at a special meeting of stockholders.
Nike Blasts Past Wall Street Targets In Q4
Nike Inc. reported earnings and sales came in well above Wall Street’s consensus estimates in the fourth quarter ended May 31. Revenues grew 96 percent year-over-year, supported by a 73 percent jump in Nike Direct sales. Sales in North American climbed 141 percent year-over-year and 29 percent compared to the fourth quarter of 2019.
