Beyond parent Levi Strauss wrote down its investment in the yoga brand in Q4, recording a $90.2 million impairment charge composed of a $75.4 million goodwill impairment and a $14.8 million impairment of the trademark intangible asset.

The outdoor co-op laid off 357 employees, including 200 at its HQ, 6 from sales and customer support, 30 from Experiences, and 121 in its distribution centers, as it braces for a challenging year.

The president & CEO of New Balance succeeds Birkenstock USA chief, David Kahan as chair of the footwear industry charitable organization’s board of directors.

The Eager Beavertons filed suit against Global Heartbreak and its founder, Naadier Riles, in NJ district court accusing them of infringing on the Air Jordan 1 High trade dress.