August 22, 2022
The Big a’s CEO since 2016 will resign from that role some time in 2023, after a suitable successor can be recruited, in what was described as a joint decision between Rorsted and Adidas’ supervisory board.
The ratings agency lowered WWW’s corporate family rating to Ba2 from Ba1, and also dropped its other ratings on the company by one notch, while revising its outlook to stable from negative.
The private equity firm has acquired a majority stake in WorldSoccerShop and soccer-com parent, Sports Endeavors, adding to its sporting goods portfolio that includes Kent Outdoors, Kona Bicycles and the Bote watercraft brand.
The South Korean biomaterials start-up company Mycel Project, a spin-off of the Hyundai Motor Group, has just closed a new pre-Series A funding round, raising a total of $10 million, TechCrunch first reported.
The family of Jayren Bradford is seeking damages from the Eager Beavertons and Shoe Palace on behalf of their son who was slain during a shoe release event at the Los Angeles retailer for Nike “Dunk Low” sneakers.
Adidas and Nike have settled their most recent legal battle over The Big a’s smart technology patents, according to a filing in TX federal court asking that the case be dismissed without prejudice.