Billionaire shopping mall magnate David Simon said Monday a 30% six-month drop in shares of Simon Property Group presents a more compelling investment opportunity than making a reputed bid for embattled department store chain Kohl’s. “We think it’s an opportunity to be opportunistic in terms of...
Demand for casual clothes, streetwear and athletic footwear may still be the hottest corner of the apparel universe but the sector’s top players are all struggling to find traction in a slippery and changing marketplace. Plagued by a mix of supply chain issues, rising costs,...
Reebok owner Authentic Brands plans to expand its clothing offerings and add NFT and cryptocurrency payments in an effort to bolster the sneaker company following its $2.5 billion purchase last year. As Bloomberg News reported Tuesday (March 1), Authentic said it has signed roughly 12...
In today’s top retail news, Reebok joins the burgeoning portfolio of brands that Authentic Brands Group has accumulated over the past several months, and South Korea’s Coupang looks toward continuing its expansion despite some criticism and regulatory trouble. Also, retail jobs are getting more digital...
August 02, 2023
Simon Property Group (SPG), the largest mall owner and developer in the U.S., posted strong second quarter (Q2) results on Wednesday (Aug. 2) amid headwinds from higher interest expenses. “Our business is performing well and is ahead of our internal plan. Tenant demand is excellent. Occupancy is increasing,” CEO and SPG Chair David Simon said […]
March 01, 2022
Reebok owner Authentic Brands plans to expand its clothing offerings and add NFT and cryptocurrency payments in an effort to bolster the sneaker company following its $2.5 billion purchase last...
August 12, 2021
Adidas is offloading Reebok into Authentic Brands Group’s (ABG) burgeoning portfolio of brands as the German sportswear giant seeks to strengthen its own position in a direct-to-consumer (D2C)-led strategy. The...
June 21, 2019
In his next move, former NBA player Shaquille O’Neal wants to buy the legendary footwear company Reebok. The sports star has created an empire with car washes, gyms and restaurant...
