June 16, 2023
With many western sneaker brands reducing orders, the Taiwanese footwear and sporting goods manufacturer’s net income attributable to shareholders dropped 64% to TWD 749.4 million ($24.4 mm) in the first quarter from TWD 2,073.0 million, on 13% lower revenues of TWD 19,502.8 million ($634.0 mm) down from TWD 22,395.0 million.
Avoli is a new, women’s and girl’s volleyball brand being launched by Nike and Under Armour veteran, Rick Anguilla and former Lululemon VP, Mark Oleson.
Zamberlan hired Bob Whip as U.S. general manager for the 94-year-old Italian rugged footwear manufacturer, succeeding Phil Benson, who is departing after 15 years to join a private equity company.
Following Rockport’s Ch. 11 filing earlier this week, Stella International, its largest supplier, confirmed that it was owed about $24 million for footwear already shipped to the company.
Mad Dogg Athletics has appealed the USPTO’s Patent Trial and Appeal Board’s ruling that invalidated several claims in a pair of Mad Dogg’s exercise bike patents, in a dispute with rival Peloton.