March 22, 2022
Net income attributable to shareholders jumped by 50% to RMB 7,720 million ($1,197.1 mm) at the Chinese sportswear giant, from RMB 5,162 million prior, as revenues increased 39% to RMB 49,328 million ($7,648.9 mm) from RMB 35,512 million with strong growth from both Anta and Fila.
The embattled retailer sent out definitive proxy materials Monday ahead of its May 11 Annual Meeting, urging shareholders to vote for all 13 of the board’s nominees and reject activist investor Macellum Advisors’ 10 proposed directors.
GOOS is partnering with its longtime Japanese distributor, Sazaby League Ltd., in a 50/50 joint venture to ramp up retail expansion in the country.
The supply chain management company acquires OR-based The Renewal Workshop, and will combine its logistics with Renewal’s propriety system to provide circular services to help brands in the growing resale market.
Authentic Brands Group joined many other industry companies in ceasing all its branded retail and e-commerce operations in Russia effective Mar 20.
Following a trademark infringement suit filed by New Balance in Nov. ‘20, the CO-based athleisure brand has changed its name to Vitality.