SGB Update Apparel
New Balance Foundation Reaches $100 Million In Total Grants
Boston-based New Balance Foundation announced it has reached a major milestone of $100 million in total grants to non-profits. From an initial $31,000 grant-making investment in 1981, New Balance Foundation contributions have grown to provide millions in funding to develop high-impact, long-term, sustainable initiatives that enrich the lives of children, their families and their communities.
Report: Adidas Appoints New Manager For Yeezy
Adidas has named Jon Wexler as the new general manager of Yeezy, Kanye West’s line, according to Sole Collector.
S&P Reduces Outerstuff’s Debt Ratings
Standard & Poor’s (S&P) lowered the debt ratings of Outerstuff LLC due to continued weak operating performance and liquidity pressure.
MP Brand Launches Phelps Test Team
MP Brand, Michael Phelp’s swim brand designed by Aqua Sphere, announced the launch of the Phelps Test Team, an all-new online platform designed for the global swimming community.
Nike Employees March At Headquarters For Women’s Rights
Hundreds of Nike employees on Monday marched in protest at its headquarters over the company’s treatment of women , according to local and national reports. This march took place as Nike reopened a building named after disgraced running coach Alberto Salazar, the coach of Nike’s shuttered Oregon Project.
Sarah Bany Steps Down From Columbia Sportswear’s Board
Columbia Sportswear Company announced that Sarah A. Bany, a longtime director of the company, notified the board of directors of the company on December 9, 2019 of her decision to resign from the board, effective immediately, in order to focus on administering Gert Boyle’s estate. Bany is a daughter of Gert Boyle and a sister of Tim Boyle.
Conzzeta AG Exploring Sale Of Mammut
Conzzeta AG said it has decided to explore sales offers for Mammut after deciding the company’s future focus will be on the Bystronic business unit. A sale is expected to be completed by the close of 2020.
Rossignol Set To Open NYC Retail Location In Downtown SoHo
Rossignol is poised to launch a pop-up boutique in New York’s SoHo neighborhood timed for the holidays. The grand opening will be a celebration of the French brand’s 112-year-old history as an iconic emblem of style and functionality in the global ski industry. “We are incredibly excited to introduce New York to a unique brand […]
PVH’s Greenhouse-Gas Reduction Targets Receive Science Based Approval
PVH Corp., one of the world’s largest apparel companies and owner of brands, including Calvin Klein, Tommy Hilfiger, Van Heusen, Speedo, and Izod, announced that it received approval of its absolute greenhouse gas (GHG) emission reduction targets by the Science Based Target initiative, furthering its commitment to a zero-carbon economy.
Manchester United And Alibaba Group Announce New Partnership
Manchester United announced a new partnership with Alibaba Group that will bring exclusive rights to club content in China to Alibaba’s ecosystem for the first time, further extending the club’s engagement with its massive Chinese fanbase.
Report: Kering In Talks To Acquire Moncler
Kering, the parent of Gucci and Balenciaga, is in exploratory talks to acquire the Italian skiwear brand Moncler, according to a report from Bloomberg.
Former Iconix Brand CEO Charged With Accounting Fraud
Neil Cole, Iconix Brand Group’s founder and former CEO, has been charged with accounting fraud while Seth Horowitz, Iconix’s former COO, pled guilty to related charges.
Adidas Partners With Fresno State Athletics
Fresno State Athletics announced that Adidas will replace Nike as its official athletic footwear, apparel and accessory brand in a 6-year partnership through the 2026 season. The agreement is effective June 1, 2020.
Outerknown Opens First Store In El Segundo
Outerknown, co-founded by professional surfer Kelly Slater, announced the opening of its first brick-and-mortar store. The store is located on the border of the South Bay surf community in Manhattan Beach, CA.
L.L.Bean To Open In Salem, NH
L.L.Bean announced its newest retail location in the Granite State will open in the fall of 2020. The L.L.Bean retail store will be located at Tuscan Village, a premier lifestyle destination in Salem, NH.
