January 05, 2021
Asics has permanently closed its Fifth Ave. flagship store in Manhattan, and will take a one-time charge of ¥2.3 billion ($22.4 mm) in the final quarter of 2020 for the cost to exit the lease and impairment of the store’s assets.
Platinum Equity has acquired a majority stake in the apparel company, which licenses brands from Disney, Warner Brothers, Epic Games and many others and also owns the Neff, LRG and Mighty Fine brands.
Montgomery, TX-based GEOS is a provider of emergency monitoring and incident response services, including search and rescue for skiers, outdoor adventurers and boaters.
HBI said it has won a favorable judgment from the Nanjing Intermediate People’s Court against six counterfeiters and unauthorized retailers of the Champion brand in China.