The deal is set to close before the end of the year and has now cleared a major regulatory step.
A MILE. A MINUTE.
The deal is set to close before the end of the year and has now cleared a major regulatory step.
Steve Cecchini joins the brand on October 1 to help boost the German sportswear maker’s visibility across performance products.
L Catterton agreed on Tuesday to take a major portion of the hybrid fitness brand along with founders Christian Toetzke and Moritz Fürste.
The global governing body’s annual report was released on Friday and showed that revenue grew 15 percent as it increased its investment in the sport.
The sportswear maker’s stock closed at $38.40 on Friday, it’s lowest in 12 years, but will remain in the broader S&P 500.
The smart ring maker took a major step toward its public offering after revealing on Thursday that it filed paperwork with the U.S. Securities and Exchange Commission.
The athleisure wear maker said in its earnings report on Thursday that a 9 percent dip in sales signaled its ongoing amount of “significant work ahead.”
The smart ring maker said on Wednesday that Jason Warnick, Leslie Kilgore, Miki Kuusi and David Sze are its latest board appointments.
The sportswear giant confirmed the appointment on Saturday, with Bauer set to take on the role on September 14.
The shoe manufacturer said on Wednesday that its “broad acceptance” and affordability pushed it ahead of rivals.