January 23, 2018
Foot Locker will own a minority stake in the $15 million Series A funding round of Carbon38, which has raised $26 million since its 2013 founding by two Harvard alumns, one of whom worked on Wall Street and the other as a professional ballerina.
New duties on solar panels and duties and quotas on washing machines were the first tangible salvo in the Trump Administration’s campaign promise to protect American industries since withdrawing from the Trans-Pacific Partnership right after his inauguration, and the Administration has hinted that it may seek higher duties on other products such as steel and aluminum that would specifically hurt China.
Recruited from Mitsubishi after a 38-year career there, Hirota will take over day-to-day management of Asics on Mar. 29 as president and COO, while Motoi Oyama will remain CEO and chairman of the board.
The U.S. attorney answered that Louisville University and the University of Miami were defrauded by the alleged payoff of high school athletes to attend their schools because the defendants knew that these payments would render them ineligible to compete under NCAA rules, thus depriving the schools of their scarce scholarship funds and exposing them to potential fines, penalties and ineligibility for lucrative tournaments.
Rick Ausick will retire from the Caleres-owner retailer in 2018 as part of a planned succession. He joined the company in 2002 as SVP and CMO and was named Famous Footwear chief in 2010.
Resolving one of the several ongoing legal disputes between the competitors, a District Court judge in San Antonio awarded NLS $1.8 million in license royalties and interest on Icon’s elliptical machines that used its patented technology.
GOOS is suing a roster of websites and sellers on iOffer, eBay, AliExpress, and Alibaba who it says are selling fake Canada Goose apparel.
The Brazilian soccer team joins São Paulo and Fluminense in Under Dog’s stable in a five-year deal, replacing Adidas as its kit sponsor starting in July.