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Champion signs heavyweight boxer Agit Kabayel

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January 7, 2026

Champion has tapped a long-term partnership with undefeated heavyweight boxer Agit Kabayel. 

Champion signs heavyweight boxer Agit Kabayel. – Champion

As part of the partnership, Champion becomes Kabayel’s exclusive sportswear and fashion partner. The brand will be featured prominently on his fight shorts and will design his walkout robe, fight-week looks and team apparel, as well as create a one-of-a-kind leather jacket for his arrival on fight night.

“I’m incredibly excited to partner with Champion and to have them by my side as I work towards cementing my position as the number one heavyweight in the world,” said Kabayel. 

“This is a brand that I’ve loved since I was a child and the word ‘Champion’ represents what I work hard for every day. I’m particularly proud to represent a brand with such a strong legacy in sports and can’t wait to bring to life some of the projects we have planned.” 

Kabayel enters the agreement with a perfect 26–0 professional record and as the reigning WBC Interim Heavyweight Champion. Born in Kurdistan and raised in Bochum, Germany, he has earned the nicknames “The Lumberjack” and “The Liver King,” underscoring his style built on breaking opponents down over time.

Kabayel joins Champion’s growing combat sports roster alongside athletes including Tom Aspinall, Katie Taylor and rising star Tiah May-Ayton. Additional athlete announcements are planned this year, further underscoring the brand’s long-term commitment to boxing and MMA across multiple markets.

“At Champion, we are building a carefully selected roster of athletes who genuinely reflect our values — family, resilience, and relentless hard work. Agit Kabayel embodies everything we stand for, both inside and outside the ring,” said Lorenzo Moretti, Champion EMEA President. 

“His journey, mindset, and dedication to his craft make him a natural fit for us. This partnership is another important step in strengthening our presence in combat sports and reinforces our ambition to become the leading brand in this space, alongside athletes who truly represent what it means to be a Champion.” 

The announcement comes ahead of Kabayel’s next fight on January 10 at the Rudolf Weber Arena in Oberhausen. The event sold out its 12,000-plus capacity in just two days, making it one of the largest boxing events Germany has hosted in recent years.

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Nike sells NFT subsidiary RTFKT one year after shuttering unit

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January 7, 2026

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Bloomberg

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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 of the company. Nike declined to release terms of the transaction or identify the buyer. 

“RTFKT transitioned to a new owner on December 17, launching a new chapter for the company and its community,” a spokesperson for Beaverton, Oregon-based Nike said in a statement on Wednesday. “Nike continues to invest in delivering innovative products and experiences across physical, digital and virtual environments.”

Nike had agreed to purchase the virtual collectibles company during the height of the NFT craze for an undisclosed sum in 2021. At the time,  Nike said it was part of a plan “to invest in the RTFKT brand, serve and grow their innovative and creative community and extend Nike’s digital footprint and capabilities.”

In December 2024, Nike announced that it would close RTFKT shortly after new Chief Executive Officer Elliott Hill expressed his goal to refocus the company on its core sports business and its partnerships with wholesale companies. 

The sale was reported earlier by The Oregonian.   
 



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Zadeh kicks founder sentenced to 70 months for sneaker fraud

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January 7, 2026

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Bloomberg

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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, to 70 months behind bars and ordered to forfeit more than $15 million in assets, federal prosecutors said in a statement. Last year, Malekzadeh pleaded guilty to wire fraud and bank fraud. 

The sentencing signaled the end of a case that sent shockwaves through the sneaker reselling market, which reached record highs during the 2020 pandemic. Malekzadeh rode this boom to improbable heights, offering sought-after shoes at competitive prices from his warehouse in Oregon, even before manufacturers released them.

A lawyer for Malekzadeh didn’t immediately respond to a request for comment. 

According to the US Attorney’s Office in Oregon, Malekzadeh “advertised, sold, and collected payments from customers for preorders knowing he could not satisfy all orders placed.” All in all, he owed customers more than $65 million in unfulfilled orders and defrauded financial institutions out of $15 million they’d loaned him, court records show. 

Malekzadeh used the money to fund a lavish lifestyle, prosecutors said. Agents seized luxury watches, jewelry and hundreds of handbags during the investigation, court documents show.

As part of their plea agreements, Malekzadeh and his partner, Bethany Mockerman, the company’s chief financial officer, agreed to pay restitution in full to their victims. The judge set a restitution hearing for March 31.

The government said it raised $7.5 million from selling Malekzadeh’s residence in Eugene, his watches and luxury cars manufactured by Bentley, Ferrari, Lamborghini and Porsche. 

In a separate case, Zadeh Kicks, which Malekzadeh founded in 2013, and all of its sneakers were taken over by a court-appointed receiver, who’s been in charge of liquidating its assets. 

The case is US v. Malekzadeh, 22-cr-262, US District Court, District of Oregon (Eugene).



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Adolfo Domínguez parts company with Íñigo de Llano as managing director

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January 7, 2026

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January 7, 2026

Spanish fashion house Adolfo Domínguez continues to see changes at the top. The business has begun 2026 without a managing director following the departure of Íñigo de Llano, just five months after he joined, after his strategic approach failed to align with that of the board of directors, as reported by La Voz de Galicia.

Interior of one of the Ourense-based brand’s new stores in Beirut – Adolfo Domínguez

The executive was appointed last May to take charge of the company, replacing Antonio Puente, whose removal as CEO was agreed by the board of directors at the same time. Coming from the Inditex group, De Llano brought more than two decades of experience in the textile industry, holding senior responsibilities across markets such as the US, Australia, the UK, and Ireland.

However, five months after his arrival, the relationship between the parties ended. According to company sources, shareholders concluded that the strategy put forward by the executive did not have the board’s backing, leading to the decision not to continue the working relationship.

At present, the managing director position remains vacant, while the company’s top executive duties have, since the removal of Antonio Puente as CEO, continued to rest with Adriana Domínguez, president of the company since 2020 and the founder’s daughter.

Founded in the 1970s by the eponymous designer, Adolfo Domínguez posted revenues of 65 million euros in the first half of the 2025 financial year, driven in particular by growth in its international sales. At the close of its latest financial year, the Ourense-based company had a network of 371 points of sale in 51 countries and a presence in 31 markets through its e-commerce platform.

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