Golfsmith bankruptcy brings fresh woes to Under Armour, Nike
New York
THE bankruptcy of golf retailer Golfsmith International Holdings Inc brings another round of suffering to the world's biggest athletic brands, which are still reeling from the shutdown of Sports Authority Inc earlier this year.
Nike Inc, Adidas AG and Under Armour Inc all have a substantial business with Golfsmith, which filed for Chapter 11 bankruptcy on Wednesday. The chain has 109 stores in the US and 55 in Canada, making it the largest dedicated golf retailer in North America.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Consumer & Healthcare
Shein steps up London IPO preparations amid US hurdles to listing, sources say
US bill to restrict WuXi AppTec, Chinese biotechs revised to give more time to cut ties
New weight-loss, diabetes drugs reach one in eight Americans
Cutting the cord?: Events leading up to Cordlife’s MOH suspension and arrests of its directors, ex-group CEO
Cordlife says private placement is to address urgent cash needs
Cordlife substantial shareholders lay out separate plans to address issues after AGM