June 09, 2023
First quarter sales inched up 2% to $54,409.0 million from $53,432.4 million at 52 public companies we track, but aggregate net income tumbled 31% to $2,682.7 million from $3,906.0 million, reflecting several one-time charges and a broadly more promotional marketplace.
The mycelium technology company that is a partner of Ecco Leather, Vivobarefoot, Wolverine Worldwide, and other footwear brands, raised over $30 million in a Series E funding round, bringing total funding to date to $120 million.
Diamondback Firearms promoted Faith Denman to CEO, succeeding founder Bobby Fleckinger, who will retain an active role with the company.
The owner of the Fallen sneaker and apparel brand filed suit in NJ district court accusing the Saudi-backed LIV Golf League and one of its teams, HY Flyers GC, for infringing on its logo.