September 01, 2023
WWW will receive about $58.8 million from its current sublicensee for Hush Puppies, Beijing Jiaman Dress Co., Ltd., for the brand’s trademarks, patents, copyrights and domains in China, Hong Kong and Macau.
Investment property losses drove a nearly ten-fold expansion in the Hong Kong-based retailer, brand licensor and real estate owner’s net loss for the first half, finishing HK$ 91,066,000 ($11.6 mm) in the red compared to a HK$ 9,185,000 loss last year.
Yue Yuen parent, Pou Chen Corp, the world’s largest athletic footwear manufacturer, has told authorities that it will lay off 1,221 people on permanent contracts at its Ho Chi Minh City factory in Vietnam.
The Swedish helmet technology company has acquired a 25% stake in Quintessential Design (Quin) for $7.3 million, strengthening its position in the helmet safety marketplace.
Winchester ammunition’s parent company said that its president, chairman and CEO, Scott Sutton will step down in the first half of 2024, by mutual agreement.
Wahoo Fitness has settled all patent infringement claims and counterclaims with Zwift, Inc., according to a filing in DE district court asking that the case be dismissed without prejudice.