January 11, 2018 Kering to Spin Off Most Puma Shares to Shareholders
As many suspected all along, Kering was unable to find a buyer for its revived sports brand at current valuations and will distribute about 70% of Puma’s outstanding shares to its shareholders, retaining a 16% stake for itself. Golfsmith Wants to Finish Wind Down without Chapter 11 Plan
The bankrupt retailer filed a motion to extend until Mar. 18 the exclusive period which prevents any outside party from interfering with its winding down of operations. State Files Environmental Suit Against Wolverine Worldwide
As WWW disclosed on a recent earnings call, its Rockford, MI tannery that has since shut down was found to have released two hazardous chemicals into the local water supply and the state is asking a court to rule that the company is responsible for the cleanup, implementing a public outreach program and paying the state for its costs to investigate and prosecute the matter.
Wayne Eddy, the long-time distributor of the Garmont tactical line in the U.S., has acquired the 25% interest of the parent company that was held by a local Montebelluna bank, Veneto Sviluppo, which helped finance a 2014 relaunch of the brand by majority owner Piero Bressan. VF Corp. Partners with NC State for Textiles, Management
VF has collaborated with NC State’s L.L. Bean Donates $2 Million to Outdoor Organizations
The gifts approved by the retailer’s board range from $5,000 to $412,000 and were dispersed to 70 outdoor-focused organizations for conservation, outdoor recreation, health, education and the arts. Etcetera: Fanatics, Dakine, Sheikh
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