David Benoit and Sara Germano of the Wall Street Journal broke the news that Pershing Square, who has only been invested in Nike for less than 2 quarters, cashed out today to the tune of 100 million. The typical assumption when a company sells a large holding is that the business could be headed for…
Matt Powell is the sage of the sneaker industry. The amount of data the NPD Group accumulates is the primary source of information for news reporters around the world when it comes to footwear sales in the U.S. Over the years Powell has utilized his platform to disseminate information on the rankings and growth of…
The International Association of Athletics Federations has agreed to a long-term partnership with Asics Corp., according to people familiar with the matter, giving the global governing body of track and field a new outfitting sponsor after Adidas AG terminated its agreement early. PHOTO: JONATHAN MOORE/GETTY IMAGES Source: Asics Reaches Sponsorship Deal With Global Track Federation –…
Adidas is more successful than ever in the U.S., but CEO Kasper Rorsted says that the company’s list of North American challenges is ‘very long.’ PHOTO: AGENCE FRANCE-PRESSE/GETTY IMAGES Source: Adidas Plots for More Gains in U.S. – WSJ WSJ’s Sara Germano delivers a very insightful discussion on how Adidas is making plans on growth. A…
