October 01, 2019
New Zealand-based Kathmandu Holdings, which has been digesting its 2018 addition of footwear brand Oboz, has taken a huge gulp with the acquisition of surf and action sports brand Rip Curl for A$350 million ($234 mm) that will nearly double its top line.
The Canadian parent of Schwinn, Cannondale and other bike brands said that it will suspend its dividend indefinitely because of order cancellations precipitated by the increase in China tariffs to 25% in May.
The highly detailed 37-page complaint in Central District of CA accuses Skechers of producing nearly identical versions of its Air Vapor Max and Air Max 270 sneakers, while pointing out that the Eager Beavertons already have another suit pending on similar grounds for copying their Free and Flyknit designs and another by Converse for copying the midsole of the Chuck Taylor.
Gov. Gavin Newsom signed into law the Fair Pay to Play Act, which will allow student athletes at CA colleges and universities to earn money from their name, image, or likeness despite intense lobbying against the bill by the NCAA, Pac-12 conference and UCLA, USC and Stanford.
The maker of POOF brand foam footballs, soccer balls and baseballs is acquiring Lewisville, TX-based U.S. Foam to add to the manufacturing capacity of its existing factory in Plymouth, MI.