The International Longshoremen’s Association stood by its strike plans in a statement issued Sunday, indicating a work stoppage will hit at 12:01 a.m. Tuesday across the East and Gulf coasts’ ports as massive numbers of containers were expedited through the Port of New York and New Jersey among others to prepare for the first East Coast shutdown since 1977.

HBI said it had closed the divestiture of the intellectual property and certain other assets of its global Champion business to Authentic Brands Group for $1.2 billion, plus a potential $300 million more in contingent consideration.

Certain affiliates of Fairfax Financial Holdings are buying all of the equity interest in Peak from Sagard Holdings, taking control over the company and its Bauer, Cascade and Maverik brands.

Boston Celtics guard Jaylen Brown will launch his own sneaker company with a signature shoe named 741, walking away from conventional deals with brands that reportedly offered him upwards of $50 million.

New Balance has officially opened its new office at A-Factorij in Amsterdam’s Schinkel District for the brand’s Europe, Middle East and Africa Headquarters.

Milan-based Thermore Group’s latest insulation-alternative combines exceptional warmth with unprecedented thinness, enabling technical apparel designers to make more compact and less bulky styles.