June 30, 2020
LULU will pay $500 million for the fitness company, which sells a $1,495 interactive home gym built into a full-length wall-mounted mirror, along with live classes and on-demand workouts for a $39 per month subscription.
Net income attributable to shareholders fell 49% in the first quarter to IDR 71,940 million ($5.1 mm) from IDR 141,220 million on 3% lower revenues of IDR 1,463,696 million ($102.8 mm) down from IDR 1,515,484 million.
The largest sporting goods retailer in Brazil, and Nike’s distributor there, turned a net profit of BRL 8,140,000 ($1.8 mm) in the first quarter against a loss of BRL 4,143,000 last year, as sales slipped 4% to BRL 505,615,000 ($113.4 mm) from BRL 527,177,000.
Karen Parkin, The Big a’s global head of human resources, is retiring from the company and executive board, following complaints that she had not appropriately addressed employee allegations of a lack of diversity there.
GRMN has acquired Firstbeat Analytics Oy, which specializes in transforming heartbeat data and heart rate variability into useful metrics including stress, sleep, VO2 max, training status, calories burned, and others.
The licensed apparel juggernaut inked a 10-year extension of its relationship with Paris Saint-Germain, expanding it to include e-commerce, manufacturing and licensing.
Adidas and Reebok, along with Puma, have signed on to the boycott protesting the social media giant’s lack of action to stop hate speech on its platforms.
Faded Royalty and its owner Rocco Giordano are suing Nike, Jordan, Struggle Inc., Cody Hudson and several other defendants for using an angular six-pointed star that infringes on its trademarked logo.
Performance running sales have bounced back in the past five weeks, comping up against 2019 and averaging 11% growth, according to NPD.