June 30, 2023
SGI is closed this coming week for the Independence Day holiday. We will resume posting NewsWire on July 10, and our next weekly issue will be July 14.
In the meantime, here are a few of our recent most-read stories on Nike earnings, retailers’ expansion plans, the industry’s Q1 scorecard, new execs at Under Armour, Academy and VF Corp., the De Minimus loophole and Rockport’s bankruptcy filing.
Pinarello, the Italian cycling brand, has been acquired by mining billionaire Ivan Glasenberg from investment firm L Catterton for an estimated €200 million, according to the Gazzetta dello Sport.
The fishing tackle company revised its outlook for 2023 full year comparable operating profit, now expecting results to come in “significantly below the previous year.”
Koroyd is relaunching its brand identity and messaging with a redesigned website, adding new hires across its businesses, and expanding its headquarters in Monaco as it looks to bolster category growth in key markets.