April 20, 2022
The lulunatics dubbed their latest strategic plan, Power of Three X2, hoping to build on the success of 2018’s Power of Three roadmap, which saw total sales increase from $3.29 billion to $6.25 billion last year, hitting the $6 billion mark two years ahead of schedule.
Macellum Capital Management stepped up its activist campaign ahead of Kohl’s May 11 Annual Meeting with a 168-page presentation outlining its case for a shakeup of the embattled retailer’s boardroom.
The sneaker endorsement pioneer is set to be the main character in a new movie produced by and starring Ben Affleck and Matt Damon, according to the Hollywood Reporter.
Textiles firm Natural Fiber Welding has closed an $85 million funding round led by Evolution NC Partners, to boost its high-performance, all-natural, circular materials product lines, which are utilized by customers in the apparel and footwear industries.
Online Brands Nordic AB, which operates a number of e-tailers, acquired Nordic KidsWear AB, including outdoor kidswear brand Isbjörn of Sweden, for a total purchase price of SEK 75 million ($8.0 mm).
The ammunition manufacturer tapped Gary Ramey, who was most recently chief commercial officer at U.S. Lawshield, as its new CEO.