October 05, 2020
Charging that the country is importing illegally harvested wood products into the U.S. and manipulating its currency, the U.S. Trade Representative initiated the same process that led to the imposition of tariffs on China with Vietnam, a major source for athletic footwear and apparel companies, as the target.
The NordicTrack, ProForm and Freemotion parent raised $200 million in new equity from L Catterton and current investor Pamplona Capital Management. Icon has revenue exceeding $1 billion in the 12 months ended Sep. 30.
The House of Representatives passed the ACE Act with a voice vote, two weeks after it was unanimously passed by the Senate, and it now heads to President Trump’s desk where it is expected he will sign it into law.
Nike derived $461.9 million in total sponsorship value from over 5,556 million social media engagements in the 12 months through Aug. 1 2020, easily topping SportsPro and Hookit’s SportGraph’s Top 50 World’s Most Marketed Brands list.
The British fashion designer and clothing retailer saw a So. NY federal court grant it a preliminary injunction against the sneaker marketplace, agreeing that consumer confusion could lead to irreparable reputational harm.
NSSF-adjusted NICS FBI background checks were up 61.4% last month to 1,632,918 from 1,011,636, and are now up 68.1% year-to-date to 15,458,033 from 9,197,717 in 2019.
While still looking for strategic options, including a possible sale of the rest of its business, ICON has announced the completion of a transaction for the sale of a Chinese subsidiary, Starter China, for $16.0 million.
The Chinese apparel and footwear brand repurchased another $20,100,000 of its 7.25% senior unsecured notes due in June 2021 on the open market, reducing the outstanding balance to $273,910,000.