Corporate:
+++ JD Sports Fashion has set a new date of Nov. 26 for a general shareholders’ meeting being convened to approve a proposed stock split
+++ Lewis Morgan, a co-founder of Gymshark who sold his stake in the company at the end of last year, has reportedly made a significant investment in the British AYBL Group, which owns a couple of women’s wear brands
+++ In announcing the completion of its $360 million acquisition of the Japanese-based Atmos chain of sneaker shops, Foot Locker says it expects it to book an Ebit margin of 10-15% and annual double-digit sales growth in the next few years
DTC:
+++ Joining the metaverse environment, Nike has applied for trademark protection in the U.S. for the sale under its own marks of virtual shoes, apparel, headwear, eyewear, bags, sports bags, backpacks, sports equipment, art, toys and accessories, according to Bloomberg
Retail:
+++ Sport 2000 has attracted 29 new companies with 84 stores in Germany so far this year, including specialists, franchisees and generalists, as well as fashion stores with large sports departments
Legal & Institutional:
+++ A federal court in Philadelphia has sentenced Nike to pay damages of $507,000 to Lontex for infringement of its Cool Compression trademark
+++ Putting an end to a long legal battle, Neil Cole, founder and former CEO of Iconix Brand Group, was found by the Manhattan federal court not guilty of conspiring to inflate the company’s licensing revenues and associated charges
Product:
+++ Canada Goose has partnered with Angel Chen, reputed to be a visionary Chinese designer, on a limited-edition collection of “convertible” outerwear
Marketing:
+++ Through a deal with Delta Air Lines, passengers on its flights will get classes from Peloton on their seatback screens for stretching, relaxing, meditating and falling asleep, giving the brand exposure to potential new members
+++ Nordica takes the place of Atomic as sponsor of Lucy Sackbauer, a 21-year-old American freeskier
