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Published January 8, 2026 Centric Brands announced on Wednesday it has acquired select assets of Fownes Brothers & Co., as the U.S. management firm looks enhance its portfolio and strengthen its grip on the cold-weather accessories market. The North Face Under the deal, the U.S. management firm will assume key licenses including Ugg, Timberland, and Cole Haan, as well […]

Published January 8, 2026 Crown Brands Group, a newly formed brand management firm, in partnership with Rafar Group, the parent company of Gelmart International, has acquired intimate apparel brand Hanky Panky.  Crown acquires intimates brand Hanky Panky. – Hanky Panky Under the agreement, Rafar will act as the operating partner, overseeing product design and development, […]

By Bloomberg Published January 7, 2026 The founder of sneaker reseller Zadeh Kicks was sentenced to almost six years in prison for a fraud conspiracy that led to the infamous collapse of the online platform and $80 million in losses for customers and financial institutions.  Bloomberg Michael Malekzadeh, 42, was sentenced Tuesday in Eugene, Oregon, […]

By Bloomberg Published January 7, 2026 Nike Inc. sold its digital products subsidiary, RTFKT, pronounced “artifact,” marking the world’s largest athletic-wear company’s retreat from blockchain collectibles roughly one year after shuttering the business. Nike The sale comes as the Nike retreats from its engagement with digital collectibles and blockchain-based products, which peaked with its acquisition […]