SGB Update

Stahls’ Appoints Managing Director in Spain

Stahls’ appointed Josep Maria Morralla Mercadé as managing director of Stahls’ TPT, the company’s Spain-based apparel decoration and licensing operation. 

Former Lululemon CEO to Lead Beauty Giant Wella Company

Calvin McDonald, who stepped down as CEO of Lululemon Athletica Inc. at the end of January, has been appointed CEO of The Wella Company, effective April 2. Wella owns a portfolio of iconic hair, nails and beauty tech brands for industry professionals and consumers.

Vasa Fitness Names CFO

As CFO, Michael Schwindle, with over 30 years of financial and operational experience, will lead finance, accounting, treasury, and procurement functions to support Vasa Fitness’s club expansion and long-term enterprise value.

SGB Executive

EXEC: Dick’s SG Scores Upgrade from Baird, Eyes Strong Foot Locker Recovery Potential

Baird raised its rating on Dick’s Sporting Goods, Inc. to “Outperform” from “Neutral” due in part to bullishness on a robust recovery of the recently-acquired Foot Locker business. Analyst Jonathan Komp wrote in a note, “We are impressed by Dick’s productivity gains vs. pre-COVID levels and bullish on the multi-year Foot Locker recovery (levered to NKE’s turn).”