Authentic Brands Group CEO Jamie Salter, David Simon and Brooks Brothers (Getty)Brooks Brothers has found its white knight in mall giant Simon Property Group and apparel licensing firm, Authentic Brands Group.A venture between the two companies, known as Sparc Group, has agreed to buy the retailer for $325 million, the Wall Street Journal reports. Brooks Brothers will close 75 of its 200 stores as part of the deal.Read moreBrooks Brothers files for bankruptcyBankrupt Brooks Brothers gets $305M stalking-horse bidMall owners team up with “dead-celebrity dealmaker” but can they rescue moribund retailers? Sparc submitted a $305 million stalking horse bid last month. Brooks Brothers, which filed for Chapter 11 bankruptcy in early July, had until Aug. 5 to find a higher offer.ADVERTISEMENTBrand management firm WHP Global was reportedly interested in making a bid before Sparc’s offer was finalized.Sparc has previously acquired retailers such as Aéropostale, Forever 21 and Nautica. Separately, the partners also have a long track record of scooping up troubled chains.Authentic Brands acquired Barneys last year, and Simon Property is said to be considering buying J.C. Penney.[WSJ] — Erin Hudson This content is for subscribers only.Subscribe Now
Related Theragun, a specialist in percussive massage therapy, has filed separate patent infringement lawsuits in the state of California against manufacturers and sellers of massage devices. The lawsuit was filed against Hyperice, Massage Guns and Alyne for allegedly violating Theragun’s various patents.The lawsuit seeks damages and an injunction to prevent the defendants from selling any products infringing Theragun’s patented technology.Officially launched to market in 2016, Theragun from its inception has introduced products in the emerging percussive massage space, launching five products and nine attachments. Theragun noted that it created the new product category over 10 years ago, and remains the industry leader and lead innovator, investing extensively in research and product development.The Theragun G3PRO is Theragun’s award-winning flagship device, and is endorsed by a number of physical therapists, athletic trainers, professional sports teams, and sports medicine experts worldwide.“We have invested a significant amount of money in research and development to advance our leading percussive therapy devices and attachments,” said Benjamin Nazarian, CEO of Theragun.“We work with some of the best mechanical engineers and sound engineers from MIT to develop our proprietary technology and designs. As the industry leader with over 35 patents, Theragun has always invested in cutting edge technology backed by science and medicine to improve how we treat our bodies.“Our patents help protect our technological and scientific advancements and we will not let other companies simply copy our products. We will vigorously defend our intellectual property rights in court.”www.theragun.com
Related The Executive Board of the International Triathlon Union (ITU) has decided to award the island of Ibiza, Spain, as the host of the 2022 World Triathlon Multisport Championships. The Mediterranean island, which hosted the European version of the championships in 2018, will welcome triathletes from all over the world for 10 days of racing.“The Multisport World Championships has been incredibly successful in the last few years since we launched this product, and we have seen not only a great interest from cities to bid to host this event, but also from athletes willing to compete,” said ITU President and IOC Member Marisol Casado.“And we are extremely proud of Ibiza willing to host this event, as a clear proof of the legacy of our events, returning to the island only a few years after hosting the European event.”The World Championships will see duathlon, long distance triathlon, aquathon and cross triathlon championship races organized together during a week-long festival. This allows for athletes to compete in various multisport races, as opposed to electing only one each season. And participants can even vie for the ‘Multisport Legend’, a title reserved for those who compete in all four events.Ibiza was elected after presenting its bid to the members of the ITU Executive Board, who had the opportunity to compare the proposal from the Spanish island and from the city of Pesaro, in Italy, which was ‘encouraged to continue bidding in future editions’.The World Triathlon Multisport Championships made its debut in the ITU calendar in 2017 in Penticton (Canada). This was followed by Fyn (Denmark) in 2018 and Pontevedra (Spain) in 2019. Next year the event will travel to the city of Almere (Netherlands), to be followed by Townsville (Australia) in 2021.www.triathlon.org
The Overland Park Fall Festival in downtown.There are definitely no shortage of ways to celebrate this fall, whether it’s venturing out to an autumnal festival or gathering around the television cheering on our amazing Chiefs. Here’s some of the most fun things happening this weekend in our Northeast Johnson County neck of the woods…The Overland Park Fall Festival is always a great time, but especially when it actually feels like fall. Check out the parade through Downtown Overland Park, the sweet arts and crafts fair, the always lovely Farmers’ Market, three stages of concerts and lots of food on Saturday.We’ve always found Pumpkin Hollow at Deanna Rose to be a nice and low-key experience to grab pumpkins and have some fall fun. It starts this weekend.It’s about time we all took another visit Back to the Future. On Saturday Shawnee Mission Park hosts Evening in the Park, with food, drink and M-80’s, a 1980’s tribute band. Additionally, September is Deaf Awareness Month and JCPRD welcomes members of the Deaf Community to enjoy closed captioning for the movie.I honestly don’t know what we’d do without the Johnson County Library. It would be hard for me to overstate the impact it has had on our family’s life. This Saturday is the library’s major fundraiser, Library Lets Loose. It’s a great way to have fun and support this wonderful community resource.
31:44 into a critical road trip, the Washington Capitals trailed 4-1 against the New York Islanders, a team that has given them fits all season long. But somehow, despite not earning a single power play while yielding five in a poorly officiated contest, Dale Hunter’s crew came back to tie the game up and then won it in the gimmick, 5-4.It was a remarkable turn of events and the victory is the Caps fourth straight and gives them 78 points with 12 games remaining. With the Florida Panthers also winning on Tuesday night, Washington remains a point behind the Southeast Division leading Cats. The Panthers also have a game in hand.Book this one in the “take the two points and run” column because the Capitals were fortunate to come back. Washington started terribly slow, and it is worth noting that they didn’t practice on Monday after three games in four nights, so it took them awhile to find their legs. The Islanders are a fast team and present matchup problems for the Caps, with John Tavares (two goals, one assist) pretty much a threat to score every time he touched the ice, including the shootout, where he tallied again. You can also put a MAJOR assist in the referees column for helping New York get two power play goals on five attempts. The job done by Dean Morton and Don VanMassenhoven was downright putrid as there was no consistency to the their decisions. Trips on one end of the ice were whistled while others were let go. In addition, a blatant high stick wasn’t called either on the Islanders late in regulation. It was one of those nights where the way the zebras call the game makes you wonder if there isn’t some Nevada-like influence going on, if you know what I mean.But the Caps found a way to come back. Keith Aucoin was outstanding with three assists, Alexander Ovechkin went to the net and potted two goals, Marcus Johansson was super most of the night and he set up Dmitry Orlov for a nifty tally that cut the deficit to just one early in the final frame. Dennis Wideman (1 assist, +2) also turned in a superior effort on the blue line getting my vote as best Caps d-man on this night.Michal Neuvirth (26 saves) allowed two fluky goals in the first frame but he settled down and played well. He made some big stops in overtime when the Islanders used their superior speed to their advantage, especially in the five minute extra session where it was a four on four affair. #30 also denied the last two Isles skaters in the shootout so when Ovechkin and then Matt Hendricks tallied on a super sweet move, the Caps got two much needed points on Long Island.It wasn’t pretty, but right now in the NHL, there are no style points. The Caps overcame a slow start, terrible officiating, and a fast Islanders team to begin their vitally important five game road trip on a winning note.Notes: The Caps went 3-0 with Mike Green out of the lineup due to suspension but his speed will sorely be needed on Friday night at 830 pm when the Caps take on a good skating Winnipeg Jets team. Winnipeg features Cap killer Evander Kane and lightning fast Blake Wheeler and it is pretty much a do or die game for the Jets, so the Capitals will need their “A” game to come out victorious…Jay Beagle was whistled for three very questionable minor penalty calls…Mike Knuble got the Caps on the board with a typical #22 style goal. He went to the front of the net and Wideman’s shot hit him on the way into the cage…Orlov was picked to shoot third in the gimmick and lost the puck before getting a shot off. It was #81’s first skills competition attempt so he was likely very nervous, especially since he had a chance to win the game…the Caps are eight games over .500, 36-28-6, for the first time all season (thanks to Mike Vogel, @VogsCaps) for that info).
Coach of Jamaica’s senior women’s volleyball team Dr Ricardo Chong said the team was still not playing at full potential after they pulled off their second straight win in the CAZOVA Championships. Jamaica comfortably defeated Curacao 25-20, 25-20, 25-21 for a 3-0 result in a late game on Thursday night at the National Indoor Sports Centre. In other results on the night, defending champions and favourites Trinidad and Tobago beat Bahamas 3-0; Martinique also easily defeated Guadeloupe 3-0; and Suriname beat US Virgin Islands 3-0. “We are still not playing to full potential. The team (Curacao) we played last night is better than the US Virgin Islands,” Chong told The Gleaner. “We have to take it one step at a time. We want to top the group in order to get a day off,” he shared. The participating teams have been placed into two groups during the preliminary stage. In Group D are Trinidad and Tobago, The Bahamas, Martinique, and Guadeloupe. In Group E are hosts Jamaica, Suriname, CuraÁao and US Virgin Islands. At the end of the preliminary round, the top two teams from each group will advance to the semi-finals. The six-day championships will end on Monday, July 31. The championships will continue today, starting at 3 p.m. The main sponsors are the Ministry of Sports, the Sports Development Foundation, the Jamaica Tourist Board, Hi-Lite, and Lifespan Water.