January 18, 2024
The newly public footbed sandal maker's bottom line swung into the red in fiscal Q4 ended Sep. 30, with IPO related expenses leading to a €28,287,000 ($30.4 mm) loss against a €57,980,000 profit, on 16% higher revenues of €374,543,000 ($403.2 mm) up from €321,608,000.
Hanesbrands has been actively shopping its moribund Champion brand, and has received interest from Authentic Brands Group, Marquee Brands, WHP Global and G-III Apparel Group, WWD reported, citing a source close to the matter.
The high-end sneaker and fashion footwear maker’s sales grew 14% in the final quarter to $380.3 million from $335.1 million, lapping a down quarter last year when brands started cutting orders to combat excess inventories.
Vail said unfavorable weather to start the season through the holiday period and a tough comparison translated into a 16% decline in total skier visits at MTN’s mountain resorts, while retail/rental revenue in North American locations was down 13%.
The supply chain traceability and compliance software company, which counts Adidas, Brooks, and Asics among its customers, completed a $24 million investment round led by Circularity Capital.
The sister company of G5 Outdoors and Prime Archery will expand into the firearms market with the acquisition of Montana Rifle Company.
Hyperice has cast a wider net, filing sixteen additional lawsuits in federal court targeting both massage gun direct sellers and retailers alleging they are infringing on its patented percussion massage technology.