Puma's shares saw a boost on the Frankfurt Stock Exchange on Thursday on rumors that Anta Sports and Li Ning Co. were exploring potential takeover bids of the German sports company. An acquisition would give Puma a lifeline in a year where the brand has made changes at the executive level and revised its financial …
World Athletics has told Grand Slam Track that it will not accept a partial payment deal for licensing rights, according to published reports. In an article published by The Times on Thursday, the governing body was adamant that athletes who participated in Grand Slam Track's events — and it vendors — must be paid first …
Grand Slam Track has told multiple vendors that it hopes they can accept just half of what they are owed so they the league can avoid going bankrupt, according to published reports. In reports by The Athletic and The Times on Wednesday, several vendors that are owed millions of dollars collectively, were sent letters by …
Enhanced revealed on Wednesday that the company is planning to go public in a merger with blank-check company A Paradise Acquisition Corp. that would transform the enterprise value of the deal at $1.2 billion. In a statement, the company said the deal is expected to supply as much as $200 million in gross cash proceeds. …
Whoop is positioning itself toward a public offering within the next two years, according to CEO Will Ahmed as the company pushes for deeper health data integration in its wearable devices. According to Ahmed, who previously alluded to the company going public at some point in the future, the move for an IPO could be …
Under Armour revealed an update to its 2025 fiscal year restructuring plan that will see the company focus on its core products as its splits from the Curry Brand. The move, announced on Thursday, is part of a larger strategy to boost financial and operational efficiency by the end of fiscal year 2026. The company …
Asics rode a wave of strong sales in the third quarter on a 21.3 percent increase globally that was boosted by its performance running and lifestyle categories, the company reported on Thursday. The company later raised its earnings forecast for the year. In North America, sales were up $249 million compared to $236 million at …
Garmin scored huge wins at the 2026 CES Innovation Awards as the company was honored in four categories with five awards on Thursday. The awards were presented by the Consumer Technology Association with emphasis on highlighting breakthrough innovation and design in products in the tech marketplace. Among the wins for Garmin, the Fenix 8 Pro …
Garmin's stock slipped on Thursday following the company's third quarter earnings report that indicated mixed results across its multiple product areas compared to the previous quarter. According the the report, sales jumped 12 percent but lagged behind the 20 percent revenue boost the company saw in the previous quarter. The third quarter surge resulted in …
Puma revealed on Thursday that it will cut 900 corporate jobs as part of long plan to pull the brand back to sustainability by 2027. In the company's third-quarter earnings report, sales were down 10.4 percent at $2.29 billion as priorities now shift toward a “reset phase.” “At the end of July, we stated that …