September 11, 2019 Peloton Prices IPO at $7.6 Billion Valuation
The streaming fitness company is offering 40 million Class A shares at $26-29 per share which would raise $1.1 billion at the midpoint and $1.3 billion if the overallotment of 6 million shares is sold. Patagonia Sues Grey Market Reseller
Amazon marketplace seller Kimberly McHugh, whose storefront Our Little Corner sells grey market, but authentic, Patagonia apparel acquired from authorized retailers, is being sued by the company for trademark infringement and unfair competition. J.C. Penney Will Open 100 Outdoor Shops
The ailing department store chain will open the shop-in-shops in Oct. to showcase its private label St. John’s Bay Outdoor men’s brand that it launched this month.
Former Adidas consultant T.J. Gassnola was sentenced to 12 months of probation including two months of home detention for his role in the college basketball corruption scandal. Aqua Lung Group Appoints Matthieu Bazil CEO
He will lead the scuba, swimming, snorkel and paddle sport brand from its headquarters in Carros, France.
Air Venturi is recalling about 1,400 Diana Stormrider Gen 2 air rifles to retrofit them with a trigger upgrade repair kit because they can unexpectedly discharge even if the safety is engaged. Etcetera: Vans, German Precision Optics
|