January 03, 2019
Big Foot said it would invest $3 million for a minority stake in SuperHeroic, a kids’ footwear maker also backed by Magic Johnson that has raised $10 million since it was founded in 2016.
Former USC assistant basketball coach Tony Bland, who was scheduled to stand trial in April, pleaded guilty to conspiracy to commit bribery for accepting a $4,100 payment from an undercover FBI agent via business manager Christian Dawkins.
Hilton Graham received a sentence of 56 to 80 months in prison and will pay restitution to HBI for embezzling an estimated $1.8 million from the company by falsifying invoices and expense reports, the Winston-Salem Journal reported.
The down-under outdoor retailer tempered its profit expectations for the fiscal first half ending Jan. 31 after Dec. sales disappointed, pulling same store sales down 1.0% for the 22 weeks ended Dec. 30.
The Norristown, PA-based compression wear manufacturer claims that the Eager Beavertons are selling apparel using its Cool Compression trademark, in a lawsuit filed in Philadelphia federal court.
The former Terex president joined SRAM as COO in 2017, and will replace company co-founder Stan Day in the top job effective immediately.