SGB Update

Zamberlan Hires North American Sales Manager

The Italian outdoor footwear brand hired Bill Johnson, formerly at Zappos.com, as North American sales manager. He spent the last 19 years as the Outdoor Footwear Buyer at Zappos.com

Gold’s Gym to Return to Ontario

Toronto native, fitness industry veteran and franchisee, Tony Caparotta, will open 17 venues in the Greater Toronto and Hamilton area (GTAH) as part of the company’s planned expansion in North America.

SGB Executive

EXEC: Nike, Inc.’s Debt Ratings Outlook Lowered by S&P

S&P Global Ratings downgraded its debt ratings outlook on Nike, Inc. as the company pulled its financial guidance for the fiscal year ending May 2025 and postponed its investor day amid a strategy shift and CEO transition.

Report: M&A Activity in Active Lifestyle Sector Seeing Strong Recovery

Houlihan Lokey’s “Active Lifestyle Market Update” for the second quarter shows M&A activity in the active lifestyle space has rebounded strongly from a “muted” 2023, “supported by increasing confidence, renewed financing market activity, and a return of mega deals.”

EXEC: SoCal’s Mt. Waterman Ski Area Sold to Investor Group

Angeles Mountain Partners, LLC (AMP) has acquired Mt. Waterman Ski Lifts, LLC, assuming management and operations. The company described it as “Southern California’s closest and most iconic mountain resort,” located an hour from downtown Los Angeles.