July 21, 2021
Net income more than doubled in the second quarter to SEK 672 million ($79.8 mm) against SEK 312 million, on revenues that were up 58% to SEK 3,229 million ($383.6 mm) from SEK 2,043 million, and gained 39% from Q2 ’19 as it struggled to keep up with demand.
The daughter of NB’s owner and chairman, Jim Davis, has acquired the 84-year-old sneaker brand from her family’s company, where she worked in a variety of positions until 2019.
Dave Quel, who has run the U.S. operations of the Danish footwear brand since 2010, is retiring at the end of this month after 22 years at the company.
Brooklyn-based artist Christophe Roberts and The Big Cat have settled their dispute over the stylized teeth designs Roberts is known for and Puma’s use of similar teeth on basketball apparel, according to a court filing.
American Outdoor Brands is recalling about 13,828 rechargeable E-Max Pro BT Earmuffs, because soldering within the lithium battery pack housing can allow the wiring to detach and cause the unit to overheat.