SGB Update

Adidas Confirmed App To Shut Down

Three years after its launch, Adidas’ Confirmed App will be phased out. The sneaker reservation process will be incorporated into the official Adidas app.

Smartwool Announces New European Sales Agency 

Smartwool on Thursday announced the company’s new European sales agency, Elements, based in Benelux. The partnership is effective immediately. The new agency will help establish the brand’s position within the Benelux outdoor industry, while also helping the brand build a community of engaged consumers. 

ABG Completes Acquisition Of Nine West And Bandolino

Authentic Brands Group LLC (ABG) completed the acquisition of Nine West and Bandolino from Nine West Holdings Inc. Through this purchase, ABG increases the company’s footwear and accessories business to over $2 billion in global retail sales.

Gordon Brothers Acquires British Streetwear Brand Bench

Gordon Brothers announced today that the company has acquired the Bench brand and all the brand’s related intellectual property assets. Launched in Manchester, U.K., in 1989, Bench is one of the first streetwear fashion retailers, and until very recently the company’s products could be found in over 20 countries in Europe and North America.

Randa Accessories Submits Competing Bid For Perry Ellis

Men’s accessories company Randa Accessories submitted a $28-a-share bid for Perry Ellis that could upend Perry Ellis founder and former executive chairman George Feldenkreis’s $27.50-a-share deal to take the apparel company private.

Vineyard Vines Celebrating 20 Years

Vineyard Vines, best known for the company’s whimsical neckties and smiling pink whale logoed golf apparel, is celebrating the company’s 20th anniversary this July with a limited-edition collection and special in-store events.

Rockport To Seek Approval Of Sale To Charlesbank

The Rockport Group LLC, which filed for bankruptcy on May 14, announced that, after completing a court-approved marketing process, the company intends to complete the previously announced asset purchase agreement with CB Marathon Opco LLC, an affiliate of Charlesbank Capital Partners.