Fanatics Inc. just scored another major investment that brings its current valuation to $31 billion, according to people close to the deal. The sports merchandising company raised about $700 million in a recent funding round led by new investor Clearlake Capital. LionTree as well as existing investors Silver Lake, Fidelity and Softbank also participated in […]
Birkenstock has opened its fourth company-owned store in the U.S. Located at 1019 Larkspur Landing Circle within the Marin Country Mart in Larkspur, Calif., this store follows the openings of the footwear label’s first three U.S. company-owned retail stores in Brooklyn and SoHo in New York City and in Venice Beach, Calif. According to the German brand, […]
The U.S. economy added 263,000 jobs in November, beating estimates of 200,000 jobs. This number represents a dip from October, which saw an increase of 284,000 jobs and from September, which saw an increase of 269,000 jobs, according to a newly revised figure from the Bureau of Labor Statistics on Friday. As inflation soars, the job market has stayed […]
“Welcome to the family,” FN editorial director Michael Atmore said at the kick-off of the 36th annual FN Achievement Awards, while highlighting first-time honorees Lululemon, Jessica Rich, Dua Lipa and Billy Walsh. The FNAAs, which were held on Nov. 30, at Cipriani South Street in New York, once again celebrated the biggest success stories of […]
Part of Jordan Brand’s recent success can be attributed to winning over women consumers, a business that has tripled at the athletic label since fiscal 2020. One of the major names at the forefront of its female-focused efforts is WNBA star Aerial Powers. On Wednesday night, Powers — an accomplished athlete and avid gamer who graced the […]
The United States has been eliminated from the 2022 FIFA World Cup. The U.S. men’s national team fell 3-1 to the Netherlands today in the round of 16 at the Khalifa International Stadium in Qatar. The Netherlands scored two goals in the first half, with one put in the back of the net by Memphis […]
Adidas announced in December 2020 that it had entered into a longterm partnership with Fear of God, the label owned and founded by Jerry Lorenzo. At the time, Adidas said in a statement that Lorenzo would drive the creative and business strategy for its basketball division, and that the partnership would yield Fear of God Athletics. This […]
After teaming up with New Balance on a cobranded capsule centered on the 327 model, Charaf Tajer, the founder of hip London-based label Casablanca, sensed the potential of the footwear category and scouted a production partner. Fear of God’s Jerry Lorenzo and Aimé Leon Dore’s founder Teddy Santis had similar experiences. Coincidentally, they all ran into Search N […]
Who’s in, who’s out, who’s been promoted and hired — FN covers all the industry changes in one place. Know of an executive on the move? Tell us at [email protected]. Dec. 1, 2022: Dick’s Sporting Goods has named Ray Sliva as EVP of stores, effective Jan. 3, 2023. Sliva will report to president and CEO Lauren Hobart and […]
At the 2022 FN Achievement Awards tonight in New York, Amina Muaddi was recognized with the Designer of the Year award for her incredible success in the luxury business. But as she took the stage to accept her award, Muaddi took a moment to remember a close friend and fellow FNAA honoree, Virgil Abloh, who […]