At its investor day on Tuesday, the Swiss sportswear brand laid out its ambitious long-term plans for 2029.
A MILE. A MINUTE.
At its investor day on Tuesday, the Swiss sportswear brand laid out its ambitious long-term plans for 2029.
The fitness technology company recently met with Goldman Sachs to assess investor interest in a secured bond offering.
The smart ring maker said in a regulatory filing that it would sell 50 million shares for between $40 and $44.
The Boston-based sportswear maker will outfit the United States Army, Navy, Air Force and Marine Corps with the 0430 shoe beginning in 2027.
Both companies agreed not to continue more than four years of litigation over claims of patent infringement.
Amid its continuing turnaround efforts, the sportswear maker announced the addition on Wednesday in a move aimed at reigniting the brand.
The donation was revealed on Tuesday and is among the largest gifts to a health institution in American history.
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.