January 04, 2021
Dubai’s Gulf Marketing Group, which is Nike’s distributor in the Middle East and operates over 300 stores under various banners, has acquired Singapore’s largest sporting goods retailer and its 200-plus stores there and in Malaysia and Indonesia from Al-Futtaim Group.
NSSF-adjusted NICS FBI background checks finished the year up almost 60% to 21,083,643 from 13,199,172 in 2019, the highest annual total ever, easily breaking 2016’s previous record count by 34%.
The Deckers-owned brand introduced its next generation running shoe with a carbon fiber plate embedded in its midsole—the Carbon X 2—and is sponsoring an attempt to break the 100K world record.
The Chinese apparel and footwear brand has $266.1 million outstanding of the $400 million in 7.25% senior notes that come due on June 3, 2021, and wants to buy back more than half the notes prior to maturity.
Authentic Brands Group’s suit against New Balance, which was first filed in Oct., will proceed on the claims of trademark infringement, false designation of origin, and unfair competition, but without the counterfeiting charge in the initial action.