June 25, 2021
The SGI office is closed next week for the Independence Day holiday. Our next issue will be July 9.
The natural fiber sneaker and apparel maker’s long awaited public offering may finally be going forward, according to WWD, which reported that the company has filed confidentially for an IPO, citing an inside source.
The Chinese sportswear brand said that revenues are on pace to grow 60% for the six months ending Jun. 30 compared to last year, driving profit of at lease RMB 1.8 billion ($261 mm), up from RMB 683.3 million.
The licensing giant is hiring Los Angeles Dodgers’ president of business enterprise, Tucker Kain, to a senior role helping the company expand beyond merchandise, the NY Post reported.
Olin Corp.’s Winchester division is recalling several dozen lots of 9mm Luger 115 grain full metal jacket and 115 grain jacketed hollow point pistol ammunition, because the propellant may not properly ignite and burn when the cartridge is fired.