September 07, 2021
The running footwear company intends to sell a total of 25,442,391 Class A common shares for $18 to $20 per share, raising total proceeds of $483.4 million at the midpoint, with insiders adding another 5,657,609 shares to the pot.
Callaway Golf announced an upgraded outlook for 2021, and is now projecting revenues will come in between $3,065 and $3,095 million for the full year, up from the prior $3,025 to $3,055 million range.
Keds and SR Holdings are suing Hanesbrands in MA federal court, accusing its long-time licensing partner of trying to use trademark litigation to negotiate better terms for the Champion footwear license.
Silicon Valley venture capitalist, Veronica Wu is resigning from VFC’s board of directors after she reportedly disparaged Black Lives Matter an e-mail leaked to Axios last week.