Latest News 06/24/2025 Back-to-School Survey Sees Consumer Demand Holding Up
A majority of Back-to-School shoppers are forging ahead with seasonal spending despite tariff uncertainties and lingering inflation fatigue according to PricewaterhouseCoopers’ latest survey, which found nearly 75% of respondents will maintain or expand their budgets over 2024, with more than 33% landing in the “spend more” cohort. New Wave Group Buys Austrian Textile Company
The Swedish parent of dozens of brands, including Craft and Cutter & Buck, has signed an agreement to acquire all the equity in Austrian textile wholesaler Cotton Classics Handels GmbH for €47.6 million. Platinum Equity Buys Solo Group
Platinum Equity, which counts GSM Outdoor, Pelican Products, Mad Engine, and Momentec Brands in its portfolio, has inked an agreement to acquire the European business-to-business personalized products maker from founder Alain Milgrom and management. Duer Eyes Growth in North America and Europe
The Vancouver-based apparel maker is ramping up its expansion in North America and Europe, with the aim of having about 30 more branded stores in the U.S. over the next three years. Seven7 Takes Minority Stake in CCM Hockey
The Stamford, CT-based investment firm has made a minority co-investment with Nordic private equity firm Altor, which acquired a majority of CCM last fall in partnership with Northleaf Capital Partners. Allbirds Shareholder Suit Dismissed
BIRD sees a CA district court dismiss a proposed class action shareholder suit that claimed the company made false and misleading statements in its Nov. 2021 prospectus and SEC registration statement, which hid structural flaws in its business. Iconix Loses U.K. Umbro Logo Appeal
The brand owner sued footwear maker Dream Pairs three years ago for using a diamond logo that is similar to Umbro’s, in a claim that was dismissed by the England and Wales High Court in 2023. Etcetera: Nike, Swany, Finisterre
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