SGB Update Apparel
Barneys Agrees To Sell To Authentic Brands-Led Group
Barneys, the luxury chain that filed for bankruptcy in August, reached an agreement to sell its assets to Authentic Brands Group (ABG) and investment bank B. Riley Financial for $271.4 million in cash.
Gap Inc. Opens First Hill City Location
Gap Inc. has opened its first location for Hill City, its men’s activewear brand. The 12-month pop-up, located at 522 Octavia Street.
Asics Takes Stake In Pyrates Smart Fabrics
Asics Corp. announced that Asics Ventures Corporation, its investment subsidiary, has taken an equity stake in Pyrates Smart Fabrics, a Spanish startup that develops and supplies advanced and responsible fabrics.
LVMH Invests In Streetwear Label Madhappy
Madhappy, the Los Angeles-based streetwear label, announced a $1.5 million seed round of funding. The investment was led by LVMH’s Luxury Ventures accelerator program.
Report: Puma To Sign PSV Eindhoven
PSV Eindhoven, the Dutch football club, agreed to a kit deal with Puma, replacing a five-year partnership with Umbro, according to Footy Headlines.
Russell Athletic Opens First Pop-Up Store
Russell Athletic announced the opening of the first limited engagement Russell Athletic Pop-Up Shop in downtown Manhattan.
Sports Direct Demands Inquiry Into Nike-Adidas Dominance
Sports Direct, the U.K.’s largest sporting goods chain, is calling for a Europe-wide investigation into the dominance of Nike and Adidas in the sportswear market. The call follows ongoing moves by Nike to stop selling to “undifferentiated, mediocre” retailers and apparent fears that Adidas may follow suit.
Kohl’s CFO To Retire
Kohl’s announced that Bruce Besank, its CFO, o has decided to retire at the end of the fiscal year and will step down from his position as chief financial officer, effective November 1. At that time, Jill Timm, Kohl’s executive vice president of finance, will be promoted to chief financial officer (CFO).
Dick’s Hosts First Fashion Show
Dick’s Sporting Goods hosted its first-ever fashion show on October 12 in the Chelsea district of New York City. Baseball legend Alex Rodriguez and women’s soccer star Carli Lloyd joined TV’s Javon Walton and Demi Burnett on the runway.
Esprit Signs Up To Become UEFA Women’s Football Partner
Esprit, the global fashion brand, has become the official branded apparel partner of UEFA (Union of European Football Association) Women’s Football.
Nike Oregon Project To Shut Down
The Nike Oregon Project, Nike’s elite track and field training program, is being shut down. The news came 10 days after Oregon Project head coach Alberto Salazar was given a four-year ban by the U.S. Anti-Doping Agency (USADA) for doping conduct.
Puma Partners With Fédération Royale Marocaine De Football
Puma has signed a new multi-year partnership with the Fédération Royale Marocaine de Football, adding the country to its increasing portfolio of national team federations.
Vineyard Vines Opens New Concept Store With Jim Nantz
Vineyard Vines announced a new concept store at Pebble Beach featuring the Jim Nantz by Vineyard Vines collection.
USA Cycling Partners With Champion Athletic And Levi’s
USA Cycling announced an official partnership with apparel and lifestyle brands Champion Athletic wear and the Levi’s brand.
TYR Sports Co-Founder Retires
Two-time Olympic swimmer and TYR Sport co-founder Steve Furniss announced his retirement after 34 years at the company.
