April 11, 2023
Athleta, Lululemon, Patagonia, REI and Merrell are among the leading brands in a global secondhand market set to nearly double to $350 billion by 2027, according to the 2023 Resale Report from secondhand e-commerce platform ThredUp.
The struggling connected strength training platform raised $130 million in a new funding round at a valuation that was likely significantly lower than its last round in 2021.
As the deal moves forward, ABG has signed a definitive agreement to purchase the parent of board sports brands including Quiksilver, Billabong, Roxy, and DC Shoes.
Moody’s cut the corporate family rating and senior secured first lien term loan rating of Pure Fishing parent SP PF Buyer LLC to Caa2 from Caa1, and maintained its negative outlook on the company.
The Chinese sportswear brand rebounded in the first quarter of 2023 after a weak Q4, reporting that retail sell-through increased around 20% year-over-year, including both stores and online channels.
DBI, which paid $90 million to Wolverine Worldwide for the iconic women’s and kids’ sneaker brand in Feb., unveiled a brand refresh including an updated logo and new messaging, along with several updated styles.
Echoing S&P’s downgrade of the bike training equipment company last week, Moody’s slashed its corporate family rating rating and senior secured first lien credit facility rating Ca from Caa3.
The bicycle maker has tapped Ben Coats as president and COO to run day-to-day operations and expand the company’s market.
The Greenville, SC-based lifestyle apparel brand announced two new hires, naming Marcella Franseen as director of operations and Dalton Coker as chief of staff.