Coliseum Capital Co-Founder Joins Gildan Board; Firm Plans Further Investment
After a week of turmoil at Gildan Activewear Inc. with the ouster of company Founder and CEO Tom Chamandy, and pushback from at least two large investors, Gildan found support elsewhere on Monday, announcing a support agreement with Coliseum Capital Management, LLC.
Alpha Silencer Appoints New VP of Sales
Cody Bennion is expected to aggressively grow market share, revenue, distribution channels, and dealer satisfaction for the company’s titanium suppressors
Savage Arms Appoints New CEO as Al Kaspar Retires
Al Kasper, who has led the company for over a decade, will retire December 31, 2023. Chris Bezzina will take over as president and CEO effective December 31, 2023. Bezzina joined Savage in 2007.
Wolverine Transforming Saucony and Merrell Model in China; Sells Asia Leathers Business
Wolverine World Wide, Inc. said it plans to shift its Merrell and Saucony businesses in China from a joint venture model with with Xtep to a license and distribution rights model. It also agreed it sell its Asia-based Wolverine Leathers business. Both actions are expected to simplify Wolvderine’s business model and generate $70 million in proceeds.
Report: Sycamore Partners Exploring Bid For Macy’s
Private equity firm Sycamore Partners is reportedly eyeing making a bid for Macy’s, Inc., according WWD. The speculation comes after the Wall Street Journal, on December 12, reported that Arkhouse Management and Brigade Capital Management made a $21 a share, or $5.8 billion, offer for the department store chain.
Yeezy Hires Head of Design
Kanye West’s fashion brand Yeezy hired Russian designer and former Adidas collaborator Gosha Rubchinskiy as head of design.
GT Golf Acquires ProActive Sports Group
GT Golf Supplies, Inc., a wholesale golf distributor, reported acquiring the ProActive Sports Group, based in Canby, OR.
Paris Saint-Germain, Lids and Fanatics Open New Store in Toronto
The Paris Saint-Germain (PSG) opened a new club store in partnership with Lids and Fanatics at 399 Queen Street West in Toronto.
Adidas AG Appoints HR Chief to Supervisory Board
The Supervisory Board of Adidas AG has appointed Michelle Robertson as an Executive Board member, responsible for global human resources, people and culture, effective January 1, 2024.
StockX Outlines Cold Weather Footwear Favorites for Winter
According to the latest analysis from StockX, top picks at the culture marketplace include cold weather favorites from Ugg and performance styles from Salomon, New Balance and Hoka with Gore-Tex.
Costco’s Q1 Profits Top Targets
Costco reported earnings rose 16.5 percent in its fiscal first quarter ended November 26 as same-store sales rose 3.8 percent, including a 2.0 percent gain in the U.S. Earnings topped analyst expectations.
Czech CSG Group Adds Italian Shotgun Maker to Portfolio
The global industrial-technology company that recently agreed to acquire Vista Outdoors’ ammo brands has purchased a majority percent stake in the Italian, family-owned Armi Perazzi S.p.A., manufacturer of high-quality shotguns for sport shooters and elite hunters.
HanesBrands Appoints Former Walmart U.S. CEO as Chairman
HanesBrands announced that its Board of Directors had appointed William Simon as chairman of the board, effective December 31. His appointment follows Ronald Nelson’s decision to retire as chairman and a member of the Board at the end of the year.
November Sales Show Small Gain, Tops Expectations
The Commerce Department reported that retail sales rose 0.3 percent in November over the prior month, stronger than the 0.2 percent decline in October and better than the Dow Jones estimate for a decrease of 0.1 percent.
Nordstrom Rack to Open in Noblesville, IN in Fall 2024
The 25,000-square-foot store, located in Hamilton Town Center, which includes Ulta, Ross, Dick’s Sporting Goods, and Total Wine, is owned and managed by Simon Property Group.
