SGB Update

Nike Faces EU Probe Over Sales Terms

Nike as well as Universal Studios and Hello Kitty owner Sanrio are being accused of imposing anticompetitive restrictions on distributors of their products by European Commission antitrust regulators.

Newell Brands Reaffirms Outlook

Newell Brands will reaffirm its fiscal year 2017 outlook, as provided in its first quarter 2017 earnings press release dated May 8, 2017, during its presentation tomorrow at the Deutsche Bank Global Consumer Conference in Paris.

AJC Peachtree Road Race Repeats As Biggest Race

The running race with the most finishers was again AJC Peachtree Road Race, with 56,993. That was followed in the top five by TCS New York City Marathon, BolderBOULDER, Lilac Bloomsday Run and Bank of America Chicago Marathon.

Garmin Prevails In Navico Patent Dispute

Garmin International Inc., a unit of Garmin Ltd., announced that the Court of Appeals for the Federal Circuit reversed a December 2015 finding by the International Trade Commission (ITC) that Garmin had infringed Navico patents related to downscan sonar.

New CEO At Pelican International

As part of its continued growth, Antoine and Christian Elie, owners of Pelican International Inc., appointed Pierre Arsenault to the position of chief executive officer.

Unsecured Creditors Urge Rejection Of Payless Confirmation Plan

In urging a Missouri bankruptcy court to deny approval of Payless’ reorganization plan, the case’s unsecured creditors committee charged that Golden Gate Capital and Blum Capital Partners had “siphoned over $400 million out of the debtors” following the retailer’s 2012 IPO.