The brand revealed in a disclosure on Tuesday that proceeds will be used to fund “general corporate purposes” and restructure an existing bond.
A MILE. A MINUTE.
The brand revealed in a disclosure on Tuesday that proceeds will be used to fund “general corporate purposes” and restructure an existing bond.
Strong international sales carried the apparel maker, which said on Thursday that it exceeded expectations and raised its full year outlook.
The athleisure wear brand revealed the move on Wednesday following a search for a new leader after Calvin McDonald stepped down in January.
Knauer has been with the sportswear maker for more than 20 years in several roles and will lead the region’s continued efforts to drive growth.
Mitsuyuki Tominaga said that transporting products are the “biggest concern” as shipping routes near the Suez Canal are in conflict zones.
Co-founders David Allemann and Caspar Coppetti will run the company following a year after co-CEO Marc Maurer also departed the brand.
The parent company of Sports Direct boosted its position in the German sportswear maker according to regulatory filings disclosed on Thursday.
Both companies will work out of a joint laboratory in Suzhou, China to research new materials and high-performance midsole components.
The German sportswear maker also revealed on Wednesday that it will launch a transition in its supervisory board as it nominates a new chairman.
The company surpassed 3 billion Swiss francs for the first time last year as shoe sales rose 20.8 percent with apparel soaring 38.3 percent in its fourth quarter.