Daily News Feed 06/24/2025 Back-to-School Survey Sees Consumer Demand Holding Up
A majority of Back-to-School shoppers are forging ahead with seasonal spending despite tariff uncertainties and lingering inflation fatigue according to PricewaterhouseCoopers’ latest survey, which found nearly 75% of respondents will maintain or expand their budgets over 2024, with more than 33% landing in the “spend more” cohort. New Wave Group Buys Austrian Textile Company
The Swedish parent of dozens of brands, including Craft and Cutter & Buck, has signed an agreement to acquire all the equity in Austrian textile wholesaler Cotton Classics Handels GmbH for €47.6 million. Platinum Equity Buys Solo Group
Platinum Equity, which counts GSM Outdoor, Pelican Products, Mad Engine, and Momentec Brands in its portfolio, has inked an agreement to acquire the European business-to-business personalized products maker from founder Alain Milgrom and management. Duer Eyes Growth in North America and Europe
The Vancouver-based apparel maker is ramping up its expansion in North America and Europe, with the aim of having about 30 more branded stores in the U.S. over the next three years. Seven7 Takes Minority Stake in CCM Hockey
The Stamford, CT-based investment firm has made a minority co-investment with Nordic private equity firm Altor, which acquired a majority of CCM last fall in partnership with Northleaf Capital Partners. Allbirds Shareholder Suit Dismissed
BIRD sees a CA district court dismiss a proposed class action shareholder suit that claimed the company made false and misleading statements in its Nov. 2021 prospectus and SEC registration statement, which hid structural flaws in its business. Iconix Loses U.K. Umbro Logo Appeal
The brand owner sued footwear maker Dream Pairs three years ago for using a diamond logo that is similar to Umbro’s, in a claim that was dismissed by the England and Wales High Court in 2023. Etcetera: Nike, Swany, Finisterre
06/23/2025 Czechoslovak Group Moves Ahead with Kinetic Group Integration
Arrows are pointing up at the Czech conglomerate between booming defense demand and civilian expansion afforded by the Kinetic Group acquisition last year, which helped drive revenue in 2024 to €5,176.7 million on a pro forma basis. Dick’s Foot Locker Debt Exchange Moves Forward
DKS reported a high participation rate in its exchange offer, with 92.35% or $369,381,000 of Foot Locker’s 4.000% senior notes due 2029 being tendered early. JD Sports Opens First Canadian Flagship
Just a week after launching in Las Vegas, JD opened its first Canadian flagship store in the Robson Street shopping district in Vancouver, BC, its 34th location north of the border. Akova Sues Ida Sports over Logo
The outdoor apparel brand is suing Ida Sports, the Australian women’s soccer boot maker, in CO district court, asking for a declaratory judgment of non-infringement, arguing that its new logo does not infringe on Ida’s marks. Etcetera: Saucony, Archon Firearms, Sons of Liberty Gun Works, Atomic, On Running
06/20/2025 Asics to Ramp Up Manufacturing in India
The Japanese sportswear brand plans to increase local manufacturing for footwear sold in India from 30% currently to 40% over the next few years to ensure a steady supply, Asics India’s managing director, Rajat Khurana, told Reuters. Sporting Goods Industry Dynamics Volume 2 Released
The second and last volume of this unique reference book has just come out in a limited edition, printed like the first one in a premium format. Nike Settles with The Shoe Surgeon
The Eager Beavertons and S2, Inc. (dba The Shoe Surgeon) and two of its officers have agreed to settle all infringement claims and counterclaims over various Nike marks, according to a filing in NY district court asking the case be dismissed with prejudice. Etcetera: Sturm, Ruger, Under Armour, Castore
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