Fairfax to Acquire Controlling Ownership of Peak Achievement Athletics
In 2017, Fairfax and Sagard purchased Peak, a portfolio of global brands, including Bauer, Cascade and Maverik. With its roots starting in Kitchener, Ontario, in 1927, Bauer Hockey manufactures hockey equipment and apparel. Cascade Lacrosse and Maverik Lacrosse manufacture lacrosse head protection and equipment.
Under Armour Partners with North Dakota State
Under Armour entered into a new partnership agreement to become the official outfitter of North Dakota State University, effective July 1, 2025.
Gymshark to Open Dubai Store
Gymshark announced plans to open a store in Dubai Mall in the United Arab Emirates (UAE), marking its third permanent store and its first location outside the United Kingdom.
Sports Direct Parent Makes Bid For Handbag Maker Mulberry
Frasers Group, the parent of Sports Direct, proposed an £83 million ($111 mm) offer to buy the luxury brand Mulberry.
Major League Soccer Selects Startups For Second MLS Innovation Lab
Major League Soccer (MLS) announced the six companies selected for the second cohort of the MLS Innovation Lab. This initiative aims to identify and nurture startups and advanced technologies supporting the future of sports and continued growth of the league.
Union Sees U.S. East Coast Port Strike Starting on Tuesday
The International Longshoremen’s Association (ILA) on Sunday announced plans for a widespread strike at all Atlantic and Gulf Coast ports, scheduled to begin at 12:01 am on Tuesday, October 1, 2024. The strike would involve 85,000 ILA members and impact ports from Maine to Texas.
Branded Bills To Move Into Bigger Headquarters in Tempe
Branded Bills signed a 96,407-square-foot lease for new headquarters in Tempe, AZ. The lease triples the size of the headwear and apparel maker’s headquarters to support its 40 percent year-over-year growth.
Saba Surf Opens Flagship in West Los Angeles
Saba Surf announced the grand opening of its first-ever flagship surf shop and cafe, located at 12912 Venice Blvd in West Los Angeles.
Iconix Completes Acquisition of Salt Life in Bankruptcy Proceedings
Brand management company Iconix International Inc., in partnership with the Hilco Consumer-Retail Group (HCR), has completed its acquisition of the Salt Life apparel brand for $38.74 million after previous owner Delta Apparel Inc. filed Chapter 11 bankruptcy in late June. All 28 of Salt Life’s stores will close following the company’s bankruptcy sale as the brand’s new ownership transitions to a wholesale and e-commerce business model.
Solo Brands’ COO Departs
Solo Brands announced in a regulatory filing that Matthew Webb has decided to resign as chief operating officer.
Authentic Appoints EVP, Head of Greater China
Authentic Brands Group hired Josh Perlman as EVP, head of Greater China. He brings more than 25 years of experience to the company, previously serving as the managing director at Tristate.
At Tristate, Perlman was instrumental in signing and building brands such as Jack Wolfskin, Fila, Nautica, Spyder and Reebok.
Vail Resorts Pass Sales Kept 23/24 Lift Sales Positive; Fewer Visits Hurt Retail and Rentals
Fourth-quarter Resort Reported EBITDA declined from the prior year and expectations, primarily driven by underperformance in the Australian winter business. During Q4, snowfall at the company’s Australian resorts declined 28 percent from the prior year and was 44 percent below the ten-year average.
Vail Resorts to Cut 14 Percent of Corporate Workforce in Transformation Plan
After ten years of expansion, Vail Resorts has published a two-year Resource Efficiency Transformation Plan (Plan) to continue its rapid growth and global expansion.
Puma and A$AP Rocky Drop Footwear and Apparel Collection
The Mostro 3.D debuted on the runway at New York Fashion Week as did A$AP Rocky’s take on the Inhale Sneaker, re-engineered with an all-over distressed treatment using a resin-based 3D printing process and custom embroidery.
EXEC: Rip Curl and Oboz Parent KMD Posts Double-Digit Decline for Fiscal Year
Rip Curl total sales decreased 7.3 percent y/y to NZ$538.9 million, Oboz sales decreased 20.0 percent y/y to NZ$79.4 million, and Kathmandu total sales decreased 14.5 percent to NZ$361.1 million for the year.
