July 06, 2021
The acquisitive UK-based retail giant announced ahead of its July 1 annual investor meeting that executive chairman and CEO Peter Cowgill will drop the latter position and that a search is on for a new chief executive.
The proxy war between Genesco and activist investor Legion Partners saw dueling releases to investors July 6 on the heels of research firm Institutional Shareholder Services recommending investors re-elect all nine company board members.
Intersport International will sell the sneaker retailer to Arklyz Group, which is the parent of Intersocks and also distributes Crocs, Implus, Spenco and other brands in various European countries.
President Biden nominated Alexander Hoehn-Saric, currently chief counsel for the Energy and Commerce subcommittee on communications and consumer protection, to chair the Consumer Product Safety Commission, which has had a vacant seat since 2017.
Finnish circular textile technology company Infinited Fiber Company has closed a €30 million funding round that included participation from H&M Group, Adidas, Sateri, and a number of financial investors.
NSSF-adjusted NICS FBI background checks tumbled 41% last month to 1,279,300 from last year’s outsized 2,177,586 tally, in the month of protests and civil unrest that followed George Floyd’s killing on May 25.
ABG is transitioning the ski wear brand to Liberated Brands, in a long term licensing agreement that covers sourcing, product design, marketing, wholesale, e-commerce and retail store operations.
Kathmandu Holdings has taken a top line hit from new Australian lockdown policies, which have forced 40 stores in New South Wales to close through at least the second week of July and 26 stores in Western Australia to shutter through July 3.
The Czech firearms company appointed chief financial officer, Jan Drahota as the new chairman of its board of directors, and elected Jana Růžičková as the vice-chairwoman, effective July 1.
The German mountaineering company will integrate Climbing Technology’s two associated production companies, Aludesign (Italy) and Securit (Romania) bringing it to seven production sites.
VFC announced that it has completed the sale of its Work segment, now called Workwear Outfitters, to Redwood Capital Investments LLC.