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Tag: Sportswear

Co-owner of M Den blames pandemic for retailer’s insolvency

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Co-owner of M Den blames pandemic for retailer’s insolvency

Kobe Bryant’s Lakers locker and other sports memorabilia to be auctioned Sotheby’s Altitude Capsule Collection includes items from athletes such as Diego Maradona, Florence “Flo-Jo” Griffith Joyner and Mickey Mantle. The retailer, formerly known as The M Den, closed two more stores on Monday as part of its latest bankruptcy filing, and a co-owner described […]

Authentic Brands Group initially agrees to purchase Champion from HanesBrands Inc.

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Authentic Brands Group initially agrees to purchase Champion from HanesBrands Inc.

After a weeks-long bidding process, Authentic Brands Group emerged victorious after agreeing to buy athletic apparel brand Champion from HanesBrands Inc. for just over $1 billion. “Champion agreed to the takeover by ABG last Friday or Monday,” said a source familiar with the negotiations. “They should be completed in late May or early June.” More […]