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.
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 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 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.
The Chinese sportswear giant said on Wednesday that its sub brands led growth in the first six months of the year.
The sportswear maker said on Monday that the recording artist is set to launch his new P-Star footwear and apparel collection on Thursday.
The footwear manufacturer said in its earnings report on Thursday that revenue for the quarter was up nearly 7 percent at $506 million.
The sportswear maker said on Tuesday that international expansion continues to drive sales with a mix of “iconic” shoes and new models leading the charge.