SGB Update

Fanatics Partners With International Cricket Council

Fanatics and the International Cricket Council entered into a partnership whereby Fanatics operates the official ICC Global online store for all events and becomes manager of event retail.

Oxford Industries Acquires Johnny Was

Oxford Industries, Inc. announced its acquisition of Johnny Was, a California-based lifestyle apparel brand, was finalized for the purchase price of $270 million.

Namuk Appoints Vice President, North America

Namuk, the Swiss-based sustainable outdoor kid’s brand founded in 2016, hired Beth Steele as vice president of North America, responsible for driving its U.S. and Canadian business and building the organization in both DTC and B2B markets.

Kohl’s Debt Ratings Downgraded

S&P Global Ratings downgraded the debt ratings of Kohl’s Corp. following the retailer’s update on its sales and earnings guidance for the full year. S&P said it expects Kohl’s medium to long-term business prospects will continue to be challenged by the secular headwinds facing department stores.

Urvan Group Offers To Collaborate With Ammo, Inc.’s On Annual Board Meeting Date

The Urvan Group, owner of approximately 17.1 percent of outstanding common shares of Ammo, Inc., issued a statement in connection with its nomination of seven candidates for election to Ammo’s Board of Directors at the 2022 Annual Meeting of Shareholders. Urvan Group is offering to collaborate with Ammo’s Board to set a fall 2022 date for its Annual Meeting.

Dick’s SG Expands On-Demand Retail Delivery

Dick’s Sporting Goods has partnered with DoorDash to use its on-demand delivery service. This makes Dicks its first sporting goods and retail apparel partner.

Red Bull Racing Partners With Castore

The Red Bull Formula One team entered into a multi-year partnership with the UK sportswear brand Castore. The agreement begins with the start of the 2023 season. Castore will supply the racing team with apparel, including sportswear.

Lands’ End Announces CEO Succession Plan

Lands’ End, Inc. announced that Andrew McLean, president, International, at American Eagle Outfitters, would join Lands’ End as CEO-designate and as a member of its Board on November 1, 2022.