March 29, 2023
The Big a thought better of its decision to fight Black Lives Matter’s three parallel stripe logo, withdrawing its opposition to the mark’s registration Wednesday, just two days after attempting to block BLM’s application.
Net income attributable to shareholders was up 1% to €63,587,000 ($64.9 mm) from €63,065,000 on record revenues up 18% (+15% CC) to €721,490,000 ($736.2 mm) from €611,412,000.
The largest sporting goods retailer in Indonesia saw its momentum continue while recovering from the pandemic as consumers returned to malls in the ASEAN countries where MAPA operates.
The National Retail Federation is forecasting 4% to 6% retail sales growth to between $5.13 and $5.23 trillion this year, down from 7% annual growth to $4.94 trillion in 2022.
The line of base layers, active apparel and athletic and rugged footwear comes from Asola, Italy-based Trerè Innovation, a 72-year-old company that entered the sportswear market in 1984 as an OEM supplier and now counts Christian Dior, Harley-Davidson, Puma and Rossignol among its customers.
Burberry inked a deal to acquire a business unit from its long-time Italian technical outerwear supplier, Pattern SpA for €21 million in order to bolster its supply chain as it brings product development for technical outerwear in-house.
SafeSize, the tech company that helps consumers find the perfect fitting shoes in physical and online stores, has raised €14 million in Series B funding, with the participation of Phaistos Investment Fund as well as existing investors Convent Capital and 3TS Capital Partners.
S&P Global lowered the youth-focused licensed apparel company’s issuer credit rating to CCC- from CCC, saying that a default is “inevitable” within the next six months if it cannot refinance its maturing debt.