February 07, 2022 Nike, Amazon Said to Be Contemplating Peloton Purchase
Peloton’s market capitalization has plunged over the past two weeks on near-daily headlines of production pauses, slashed sales forecasts and planned layoffs, but shares have bounced back on reports that the connected fitness company could be a takeover target. Descente Rebounds from Pandemic Lows in Dec. Quarter
Lapping last year’s big windfall from reorganizing its Descente China Holding JV, net income declined 60% in the fiscal third quarter ended Dec. 31 to ¥2,465 million ($21.7 mm) from ¥6,093 million, on 13% higher sales of ¥26,755 million ($235.4 mm), up from ¥23,741 million. Ocean Shipping Reform Act Heads to Full Senate
The Ocean Shipping Reform Act has now moved out of the Senate’s Commerce, Science, and Transportation committee after its House companion bill passed that chamber 364-40 in Dec.
The Eager Beavertons participated in a $75 million funding round for the Women’s National Basketball Association, the league’s largest capital raise ever. Wildling Shoes Launches in U.S.
The minimal athletic footwear brand is entering the U.S. market with a Spring/Summer shoe collection that will initially be sold only online through the company’s DTC e-commerce site.
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