The Weekly Closeout: Nike sells Rtfkt, Hanky Panky gets acquired
The athletics giant shut down the virtual sneaker company about a year ago, while the intimate apparel brand found a new home.
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The Weekly Closeout: Converse drags down Nike, Wacoal acquires Glamorise
The sneaker brand’s sales fell more than 30% in the latest quarter, and the deal with Glamorise is aimed at strengthening Wacoal’s U.S. position.
The Weekly Closeout: John Varvatos quietly exits Under Armour and Victoria’s Secret’s ticker gets sexier
The designer left the athletics brand last fall. Meanwhile, the lingerie company will sport a new ticker symbol, VSXY, on the NYSE.
The Weekly Closeout: Amazon notches a win against Perplexity, Reebok reenters soccer
The e-commerce giant got a temporary order blocking access for Perplexity’s AI shopping agents, while the athletics brand signed two professional soccer players.
Sports giant Anta snaps up Puma stake for $1.8B
The Chinese company, whose portfolio includes Fila and a majority stake in Amer Sports, will be the sneaker brand’s largest shareholder.
The Weekly Closeout: New Balance hits record sales in 2025, Chinese Laundry acquired
The sportswear brand brought in $9.2 billion in annual sales, while the apparel company and its sibling brands were added to Gordon Brothers’ portfolio.