As part of the deal, the number of Champion points-of-sale in South Korea -- including stores, shop-in-shops and e-commerce -- is expected to nearly triple to more than 30 by the end of 2020, the company said.
Wearable device maker Fitbit Inc reported its first drop in revenue in five quarters on Wednesday as it faced intense competition from deeper-pocket companies such as Apple Inc and Samsung Electronics Co.
Pambet, who has worked for 34 years at the Annecy-based French skiing brand, is handing over the reins next January to Michael White, the chief commercial officer of Salomon’s owner Amer Sports since 2016.
Kathmandu, which has completed its acquisition of Rip Curl for A$350 million, intends to leverage the surf brand to help diversify its product and expand its geographic footprint to Europe and North America.
Adidas expects a boost to sales from new soccer merchandise ahead of the 2020 European championships after quarterly growth was held back by a weaker performance from Yeezy shoes designed by Kanye West.
VF Corp has named Andrea Cannelloni as EMEA president for product platform, Timo Schmidt-Eisenhart as president of Napapijri and the VF EMEA digital platform, and Mariano Alonso as GM of Timberland in the EMEA region.
A household name in the outdoor industry, Gert Boyle has passed away at the age of 95. Still active on Columbia's board, she also represented the brand in marketing campaigns. Her son is CEO of the group.
Under Armour Inc on Monday cut its forecast for annual revenue for a second time this year, the latest sign of problems for the sportswear maker that is facing a federal probe into its accounting practices.