SGB Apparel

SGB Update

Castore Secures Equity Investment

Castore, the U.K.-based sportswear brand,  has secured a £145 million ($183.1 million) investment in a funding round led by the Raine Group, the U.S. financial advisory and investment firm.

Reebok Inks Licensing Partner For Sports Equipment

Authentic Brands Group has entered into a long-term licensing agreement with Sakar International to design and distribute Reebok-branded basketball, pickleball, baseball, soccer, and football equipment and electronics, including audio, tech and massage products.

SGB Executive

EXEC: Academy Sports Sees Weather/Consumer Woes Derailing Sales Recovery

Academy Sports and Outdoors, Inc. said a slow start to fall selling due to warmer temperatures as well as continued weak consumer demand caused third-quarter results to miss plan, resulting in a downward revision to full-year guidance. CEO Steve Lawrence said on an analysts call, “We feel like we don’t have a challenged strategy. We’ve got a challenged customer.”