Puma Names A$AP Rocky as Creative Director, Formula 1 Division
Puma hired A$AP Rocky as the creative director for the brand’s Formula 1 partnership. The rapper will design capsule collections for Puma x F1, the first of which will land at the Las Vegas Grand Prix on November 18.
Steve Madden Acquires Almost Famous
Steven Madden Ltd. has completed the acquisition of Almost Famous, a privately-held maker of women’s apparel for $52 million in cash.
Tennis Warehouse Acquires Swetka’s Tennis Shop
Tennis Warehouse, the tennis retailer based in Luis Obispo, CA, reported that it recently acquired Swetka’s Tennis Shop in Mountain View, CA, a fixture in the Bay Area tennis community for over 50 years.
Vista Outdoor Removed from S&P CreditWatch After Ammo Business Sale
S&P Global Ratings removed the debt ratings of Vista Outdoor, Inc. from CreditWatch with negative implications following the company’s announcement that it planned to sell its sporting products business to Czechoslovak Group A.S for $1.91 billion on a cash-free, debt-free basis.
Vail Resorts Reports Departure of Chief Marketing Officer
Ryan Bennett’s departure, which Vail said would be treated as an involuntary separation under the company’s executive severance policy, and the company expect to enter into a Severance Agreement and General Release with the now former CMO.
Fleet Feet Rings the Bell on Wooster, OH Store Grand Opening
Fleet Feet, the largest franchisor of specialty run stores, officially announced its Wooster, OH store, which opened in late July, will host a grand opening.
Steven Madden Closes on Acquisition of Almost Famous
Steven Madden, Ltd. has completed the acquisition of privately-held Almost Famous, a designer and marketer of women’s apparel.
Academy Sports Names Sam Johnson President as Mullican Departs
The retailer announced that Michael Mullican is stepping down as president to pursue personal and professional opportunities. Sam Johnson, EVP of retail operations, is his successor, effective immediately.
The Levy Group Launching Ben Sherman Golf, Dakine Performance Apparel
The Levy Group inked agreements with Marquee Brands to license active apparel for the Ben Sherman brand and outdoor performance apparel for the Dakine brand for 2024.
Vista Outdoor Hires General Counsel for Revelyst
Vista Outdoor, Inc. has hired Jung Choi as general counsel and corporate secretary for Revelyst, its Outdoor Products business, following the announced spin-off of its Outdoor Products segment into a standalone public company.
Tyr Sport Opens Store In Long Island
Tyr Sport, the swimwear manufacturer, opened its first retail store at Roosevelt Field in Garden City, NY, with plans to open a second store in Costa Mesa, CA.
Trail Creek Outfitters Sold to Kyle and Brett Havertine
Trail Creek Outfitters, with two stores in Glen Mills and Kennett Square, PA, respectively, formally announced that Ed Camelli, co-founder, and Joanne Havertine, co-owner and wife of deceased co-founder Brian Havertine, have sold the business to her sons Kyle and Brett Havertine.
Hartford Sales Group Sees 18-Year Agency Vet Rejoin Team
Kevin Alexander has re-joined the Hartford Sales Group, covering the Greater L.A. and Las Vegas area for the award-winning agency. Alexander previously represented HSG’s performance running and outdoor lines from 2003 through 2021
Signa Sports Prepares for Insolvency Filings
Signa Sports United (SSU), which earlier last week confirmed that it had lost a major funding commitment from its parent company, said its subsidiary, Tennis-Point GmbH, had filed for insolvency and the overall company is preparing for insolvency proceedings in the coming days.
361 Degrees Int’l Posts Double-Digit Q3 Sales Growth in Owned-Retail
The company reported that 361° branded retail stores posted 15 percent year-over-year growth for the third quarter ended September 30. E-commerce sales increased approximately 30 percent for the period.
