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. Saucony Q2 Sales Double in China through Xtep JV
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. Fanatics Taking Over Nike Collegiate Fanwear Manufacturing
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. Compass Diversified Closes PrimaLoft Acquisition
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. Report: Tonal Slashes Workforce
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. Elevate Outdoor Collective Restructures Global Sales
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. Crocs Wins Years Long Legal Battle
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. Nike Sued by Designer over Shox
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. Etcetera: Columbia, Nike, Kokopelli, Speedo, Fila
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