July 13, 2022
The former Kathmandu Holdings is now forecasting total annual sales of NZ$955 to NZ$965 million ($590 mm) for the FY ending July 31, compared to NZ$923 million last year, bouncing back from a difficult FH1 caused by Vietnam factory shutdowns and freight delays.
Wolverine’s Saucony and Merrell brands, which Xtep sells in China through a joint venture, helped power more than 35% revenue growth in the first half of 2022.
The licensed apparel juggernaut has inked a new long-term partnership with the Eager Beavertons to manufacture college sports fan apparel for Nike schools, beginning in 2024.
CODI has now completed the acquisition of about 91% of the synthetic down insulation maker at a $530 million valuation, adding it to Boa, 5.11, Velocity Outdoor and Marucci in the holding company’s consumer brands portfolio.
The connected fitness company, which sells a wall-mounted strength-training device, is laying off about 35% of its 750-person workforce, CNBC reported, citing sources within the company.
The former K2-MDV Holdings has changed its global sales organization from a fragmented regional approach to a single team in each region supporting all 12 EOC brands.
Resolving a patent dispute that has spanned more than 15 years, the clog maker said it has secured a victory in its suit against USA Dawgs and Double Diamond Distribution for infringement, winning damages of $6 million dollars and $55,000, respectively.
Shoe designer Telzy Dennis is suing Nike again, this time in CA district court for infringing on his spring design patterns that he claims were incorporated into Nike Shox.