NEW YORK — Lining up its third acquisition in eight months, Russell Corp. has agreed to buy the non-golf operations of Spalding Sports Worldwide for $65 million.
Spalding generates $300 million in annual sales, with golf accounting for about $210 million of that amount and sporting goods the remaining $90 million. The deal, expected to be completed by the end of next month, should "mildly" increase Russell’s earnings, a Russell spokeswoman said Thursday.
Hermès is launching a Laundromat pop-up shop in NYC - dubbed Hermèsmatic - where customers can bring their old scarves to be dip-dyed by an expert. Get all the details on WWD.com. #wwdnews (📷: @donstahl)