April 08, 2019
Vans inched up 1% as teens’ second-favorite footwear brand to 20% in Piper Jaffray’s spring 2019 iteration of its Taking Stock With Teens survey, the closest any sneaker brand has gotten to Nike, which was flat atop the list at 41%.
Michael Avenatti, arrested for extorting Nike and also facing charges of tax and loan fraud, released a trove of documents detailing payments from two Nike employees to the family, handlers and coaches of several high profile high school athletes, including D’Andre Ayton, a former Arizona player now in the NBA, Brandon McCoy, who played at UNLV, and Bol Bol, a highly prized recruit now at Oregon.
A series of maneuvers between financial backers of Performance Bicycle and the company was challenged by unsecured creditors in a lawsuit in which they claim that UCC liens were improperly filed using the wrong corporate names just before the bankruptcy filing but within the 90-day avoidance period.
SPD chief Mike Ashley offered £150 million ($196 mm) in cash to the ailing department store chain, but with the condition that he become CEO, which Debenham’s board rejected.