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Daily News Feed 08/28/2026 Grupo SBF Scores Extension of Nike Distribution Deal
Grupo SBF’s Fisia subsidiary inked an amended agreement with the Eager Beavertons to continue their exclusive Brazilian distribution and retail partnership through May, 2034. Authentic Brands Buys Majority Stake in Drake-Led Brand
The owner of Reebok, Champion, and dozens of other brands has acquired a 51% stake in the IP of October’s Very Own, the premium lifestyle brand co-founded by Drake, while naming Vince Holding Corp. as OVO’s core global apparel and retail licensee. Kontoor’s Helly Hansen Addition Supports Growth Plans
Moody’s left Kontoor Brands’ Ba2 corporate family rating unchanged following a recent review, citing its iconic Wrangler brand and growth opportunities in hiking, skiing, sailing, and workwear apparel through Helly Hansen. Peloton Class Action Suit Dismissed
PTON and several of its officers saw an S. NY district court dismiss a proposed class action that claimed the connected fitness company’s execs concealed the truth about plunging post-pandemic demand for exercise bikes. Deckers Wins Dismissal of Quince’s Antitrust Suit
A No. CA federal court judge dismissed Quince parent Last Brand, Inc.’s allegation that Deckers was attempting to monopolize the shearling footwear market with a litany of “sham” trademark and trade dress lawsuits. Etcetera: Bass Pro, Academy, Fabletics, Adidas, Misto Holdings
08/27/2026 Globe International Profits Improve with Core Brands Focus
The Australian skate and extreme sports company reported a 12% gain in net income to A$11,002,000 ($7.4 mm) over A$9,797,000 in the fiscal year ended June 30, as revenues came in flat at A$206,351,000 ($138.5 mm) compared to A$206,295,000. Mainland Headwear Sales Improve as Bangladesh Ramps Up
Net income attributable to shareholders improved 10% to HK$65,930,000 ($8.4 mm) from HK$59,918,000 in the first half as revenue increased 9% to HK$925,859,000 ($118.2 mm) from HK$845,629,000.
Gap, Inc.’s women’s activewear brand continues to seek its footing after another disappointing quarter in which sales fell 12% to $264 million and comps declined by the same percentage. Nike Taps Walmart Exec as Chief Commercial Officer
After eliminating the role last Dec. with Craig Williams’ departure, the Eager Beavertons have named Jane Ewing EVP and chief commercial officer, effective Sep. 7. Kontoor Names New General Manager for Helly Hansen
The Wrangler and Lee parent tapped C.J. King as general manager, Helly Hansen North America, Sport, effective Aug. 31. Giant Buys-Out Minority Owner of Component Supplier
The world’s largest bike maker inked an agreement to acquire United King’s shares of its alloy subsidiary, D-Mag New Material Technology, for a total purchase price not exceeding RMB 597 million ($87.7 mm), increasing its share in the company to 96.63%. Etcetera: Hoka, Rawlings, On, Stio
08/26/2026 Anta Sports’ Smaller Brands Power 13% Growth
Net income attributable to shareholders grew 35% to RMB 9,487 million ($1,423.0 mm) from RMB 7,031 million for the first half, boosted by its share of Amer Sports’ growing profits and an additional RMB 1,549 million from AS’ secondary share placement in March. Kohl’s Sees Sneakers Recovering Momentum
Although footwear continues to trail KSS’ overall performance, the category delivered the most significant sequential gain, with comps accelerating around 500 basis points compared to the prior quarter. Outdoor Industry Association Adds New Team Members
OIA made several appointments and promotions, bolstering its leadership across government advocacy, marketing, operations, and sustainability. Etcetera: Under Armour, PGA Tour Superstore, Killer Golf
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