June 08, 2022
With Asian markets now re-opening after recent lockdowns to combat Covid outbreaks, Crocs is looking to redeploy its last 4-year plan that doubled the brand on U.S. strength out into international markets, CROX said at the Baird investor conference.
Clarus does not fear a recessionary environment for its “super fan” brands strategy and laid out the path for Rhino-Rack to grow its current sub-2% US market share at the William Blair investor conference.
VF’s bill for back taxes related to its post-acquisition restructuring of Timberland 11 years ago will likely require it to take on more than $845 million in debt, the ratings agency said.
The rating’s agency expects that a Franchise Group acquisition of Kohl’l will be financed largely by selling the retailer’s approximately $7.8 billion in real estate assets, or borrowing against them.
The Gainline Capital Partners-backed fitness equipment company has acquired Jacobs Ladder, the step ladder exercise machine maker, providing Jacobs with the funding and distribution to scale its business.
Camano Capital becomes the majority shareholder of VT-based Turtle Fur, the outdoor and lifestyle headwear and accessories maker, while CEO Richard Sontag retains an ownership position and continues managing the business.
Varsity Brands’ team dealer division has acquired NJ-based I.D. Clothing Company (dba Team Gear), an independent team sporting goods and uniforms provider, for undisclosed terms.
The U.K.’s Competition and Markets Authority, which has been challenging JD’s acquisition of rival Footasylum for over two years, has now gone after the parent of Finish Line, DTLR Villa and Shoe Palace for fixing jersey prices.
The Eager Beavertons are discontinuing Nike Run Club in the PRC effective July 8, Reuters reported. The app, which has over 8 million users there, tracks runs and allows users to compete against each other.