SGB Update Apparel
Goat Group Valuation More Than Doubles To $3.7 Billion In Latest Funding Round
Goat Group has closed a Series F funding round of $195 million, reaching a valuation of $3.7 billion, more than double its prior valuation of $1.8 billion following its Series E round announced in September 2020.
Canada Goose To Go Fur-Free By End Of Next Year
Canada Goose announced that it would end the use of fur in all its products. Through a phased approach, Canada Goose will end the purchase of fur by the end of 2021 and cease manufacturing with fur no later than the end of 2022.
Hibbett Changes Corporate Name
Hibbett Inc. announced that it changed its corporate name from “Hibbett Sports, Inc.” to “Hibbett, Inc.”. Mike Longo, president and CEO, said new corporate name better reflects its increased emphasis on athletic-inspired fashion merchandise.
Mizuno Establishes Partnership With LPGA
Mizuno announced a new partnership with the LPGA. The Japanese manufacturer will have a presence at various professional and amateur women’s events in 2021 and produce content for the LPGA’s Women’s Network.
American Express Commits More Than $100 Million To Small Business Campaign
American Express announced that it has launched its new “Let’s Go Shop Small” campaign with more than a $100 million commitment to inspire consumers to support small businesses worldwide through its year-round Shop Small campaign.
Gildan Joins U.S. Cotton Trust Protocol
The U.S. Cotton Trust Protocol welcomed Gildan Activewear and their portfolio of company-owned brands, including Gildan, Alstyle, American Apparel and Comfort Colors as members.
Under Armour Veteran Joins CEO Coaching International
CEO Coaching International named Matt Shearer, a former executive at Under Armour, as its newest partner and coach.
Izod Sold To Authentic Brands Group
Authentic Brands Group (ABG) has reached an agreement to acquire PVH Corp.’s Heritage Brands business, which includes the Izod, Van Heusen, Arrow and Geoffrey Beene brand trademarks. The cash purchase price for the transaction is approximately $220 million.
OBIT: Jimmy Jazz Founder Joseph Khezrie
Jimmy Jazz said its founder Joseph Khezrie has passed away at the age of 90.
Adidas Extends Partnership With Western Michigan University
Western Michigan University Director of Athletics, Kathy Beauregard, announced an extension of the department’s partnership with Adidas, keeping Bronco Athletics in the brand through 2027/28.
Gymshark To Expand North American Fulfillment Footprint
Gymshark, the U.K.-based fitness apparel brand, plans to open its first U.S. distribution center in July 2021 in Rialto, CA, with East Coast centers following later in the year.
Fanatics Extends Partnership With Formula 1
Fanatics reached a multi-year extension to its e-commerce and manufacturing deal with Formula 1.
NTWRK Appoints First CMO
NTWRK, the livestream shopping platform, announced the appointment of Jason Brown as its first chief marketing officer. Brown joins NTWRK from Foot Locker, where he was VP marketing, North America.
Green Theme Technologies Raises $3.5 Million In Funding
Green Theme Technologies announced the first close of its Series B funding. The funds will be used to support the growth of its water-free Empel textile finishing process.
Target Announces New Sustainability Strategy
Target Corp. released its Target Forward, the company’s sustainability strategy—to design and elevate sustainable brands, innovate to eliminate waste and accelerate opportunity and equity.
