Laka Receives Funding From Porsche Ventures
E-mobility insurance company Laka has secured funding from Porsche Ventures, bringing its Series A investment to $13.5 million.
Supreme Court Strikes Down New York Gun-Control Law
The Supreme Court of the United States (SCOTUS) struck down a New York State gun-control provision that placed strict restrictions on firearms outside the home.
Smith & Wesson’s Sales Tumble In Fiscal Fourth Quarter
Smith & Wesson Brands Inc. reported sales fell 43.9 percent in the fourth quarter and 18.4 percent in its fiscal year ended April 30. Earnings were also sharply down, reflecting weakening demand for firearms and inflationary pressures on costs.
Topgolf To Open In Des Moines
Topgolf Entertainment Group announced plans to open in Des Moines marking its first location in Iowa.
Xenith Adds Board Member
Xenith, the Detroit-based manufacturer of football helmets and football equipment, appointed Izell Reese, president and CEO of RCX Sports to its Board of Directors.
Matador Travel Equipment Opens New HQ In Boulder, CO
Matador Travel Equipment, the manufacturer of performance travel equipment, opened its new headquarters in Boulder, CO.
Nike To Fully Exit Russia
Nike plans to fully exit from Russia following its move three months ago to suspend operations there at the start of the Ukraine invasion, Nike said in an e-mailed statement to Reuters.
Duluth Holdings Appoints Board Member
Duluth Holdings Inc., the parent of Duluth Trading Company, announced the appointment of Susan Riley to its Board of Directors.
HanesBrands Announces Partnership With University Of Southern California
HanesBrands, the parent of Champion and Hanes, announced a new primary apparel partnership with the University of Southern California (USC).
JD Sports Outlines Plan To Improve Corporate Governance
J.D. Sports Fashion posted a record annual profit but warned that earnings would remain flat in the current financial year amid inflationary pressures. The retailer also laid out plans to overhaul its corporate governance structure and internal controls after a review led to the exit of long-time boss Peter Cowgill last month.
Blackcrows Names New Global Chief Commercial Officer
Blackcrows, the French freeskiing brand announced that Wanda Rozwadowska would join the company as Global Chief Commercial Officer.
Schoeller Textil Names Western Regional Sales Manager
Schoeller Textil AG announced that Mark Pikaart had joined its North America team as western regional sales manager.
Retail Groups Applaud Uyghur Forced Labor Prevention Act
In a joint statement, the American Apparel & Footwear Association, National Retail Federation, Retail Industry Leaders Association and The United States Fashion Industry Association applauded the implementation of the Uyghur Forced Labor Prevention Act.
Fanatics CEO Selling Ownership Stake In Philadelphia 76ers, New Jersey Devils
Fanatics CEO Michael Rubin announced plans to sell his 10 percent stake in Harris Blitzer Sports & Entertainment (HBSE), the parent company that owns the Philadelphia 76ers and New Jersey Devils. He cited a conflict of interest with Fanatics’ collectibles and planned sports betting operations.
Franchise Group Seeks Lower Price To Acquire Kohl’s
Retail holding company Franchise Group is considering lowering its bid for Kohl’s to closer to $50 per share from about $60, a source told CNBC.
