October 12, 2020
The Chinese sportswear brand sold 5,000,000 shares of its stock for HK$2.48 per share to brand ambassador and Canadian Hong Kong celebrity Nicholas Tse, after which the company’s share price then jumped 20% to almost HK$3.00 per share, its highest level since the early May during the pandemic.
It was looking like New Balance was the front runner to succeed Nike as kit sponsor for Italian soccer club AS Roma, but now UK apparel brand Castore is in the running, according to SportsPro.
The performance outerwear and gear maker named the former president of Alex and Ani and COO of The Jones Group to lead the company going forward as president and CEO.
Plaintiff Ricky Wisdom won an appeal before a panel of Ninth Circuit judges, overturning a district court ruling that denied his bid for class certification and sending the case back to the lower court.
YY’s Pou Sheng Chinese retail subsidiary posted a 10% top line improvement last month to $373,468,000 up from $339,029,000, but it wasn’t enough to offset a 30% drop in footwear production revenue to an implied $336,699,000 against $483,869,000.
The recovery technology startup closed the series A funding round at a valuation of $700 million, with participation from Main Street Advisors, SC.Holdings, the NFL’s Investment Arm 32 Equity, and the NBA.