June 29, 2020
The SGI office is closed this week for the Independence Day holiday. Our next issue will be July 10.
Under Dog announced it was exiting its $280 million, 15-year Bruins’ sponsorship, saying it has “been paying for marketing benefits that we have not received for an extended time period,” after the coronavirus pandemic resulted in cancellation of March Madness and all spring sports.
The gunmaker, which emerged from a previous bankruptcy in May, 2018, is preparing to file for chapter 11 again, and is having discussions to potentially be acquired by the Navajo Nation, the Wall Street Journal reported.
VF created the new position of president, Greater China, to reflect its growing importance to the company’s growth in the region, but will not announce who will be appointed to the position until later in the summer.
Ashley Merrill, the founder of Lunya sleepwear and a principal in venture capital company NaHCO3, takes over as chairwoman of the struggling women’s activewear brand after making an unspecified investment.