May 28, 2019
The Japanese Golf brand will open a flagship Honma House retail store in Carlsbad, CA, next month, kicking off a 24-month plan that will end with 30 shop-in-shops and 50 on-course retail hubs open across the U.S.
After a rival bid for Netshoes emerged of $2.80, easily topping its $2.00 initial bid, Magazine Luiza agreed to raise its offer to $3 per share, and now values the troubled sneaker e-tailer at $93 million.
The recently acquired outdoor brand said sales rose 29% to NOK 3.7 billion ($425.3 million) and operational EBITDA was a record.
Meredith, which took over Time, Inc. in 2017 for $2.8 billion, has agreed to sell its Sports Illustrated brand to Authentic Brands Group, which will have the rights to key events like Sportsperson of the Year and properties like the swimsuit issue while Meredith will continue to produce the magazine under a new licensing arrangement.
The Eager Beavertons have landed the presumptive number two pick in the NBA draft, Murray State guard Ja Morant, who wore the Swoosh while playing for the Racers.