TSG Consumer Partners Appoints New Head of London Office
TSG’s past and present investments in the active lifestyle space include Backcountry, Corepower Yoga, Nuun, Revolve, Canyon Bicycles, and Planet Fitness. TSG has investment offices in San Francisco, New York and London.
Gildan Activewear Sets Executive Leadership Succession Through 2025
Chuck Ward, currently president of Sales, Marketing and Distribution and former GoldToeMoretz CFO, has been appointed to the newly created role of EVP and COO, effective March 1. EVP and Chief Financial and Administrative Officer Rhod Harries plans to retire on January 1, 2026 with Luca Barile, CFO of Sales, Marketing and Distribution, named his successor.
Soccer Post Management Acquires Majority Stake in Retailer
The group acquired a majority stake in Soccer Post from TZP Group with the financial backing of York Capital Management’s private equity group and soccer specific strategic investors.
EXEC: Wolverine Worldwide Shares Fall 17 Percent as 2025 Forecast Disappoints
Fourth quarter revenue fell 5.8 percent year-over-year but rose 3.3 percent to $494.7 million when tallying the company’s ongoing business. The company posted big improvements in gross margin and operating margins in Q4, leading to a positive earnings result.
EXEC: VF Corp. Spin-Off Acquires Helly Hansen
The VF spin-off parent of the Wrangler and Lee brands has signed a definitive agreement to acquire 100 percent of Helly Hansen from Canadian Tire Corporation for ~ $898 million.
EXEC: Nike Inc. Launching Co-Branded NikeSkims Effort with Kim Kardashian
The co-branded effort to find a pathway to more women consumers runs counter to the company’s efforts to connect with core female athletes that were the clear focus in its Super Bowl LVIII advertising and recent comments from the company’s new CEO, Elliot Hall.
EXEC: European Outdoor Group and Messe München Cancel OutDoor 2025
European Outdoor Group (EOG), along with trade show organizer Messe München, have jointly decided not to hold the OutDoor 2025 as scheduled in May.
Recall: AFTCO Youth Solitude Jackets with Drawstrings
American Fishing Tackle Company sold roughly 820 jackets online at aftco.com and fishing, camping and outdoor equipment stores nationwide. The drawstring in the hood of the recalled jackets could get caught on objects and cause death or serious injury to children due to a strangulation hazard.
Digital Brands Prices Secondary Public Offering of Common Stock
Before deducting the placement agent’s fees and other offering expenses, the gross proceeds from the offering are expected to be $7.5 million.
Steve Madden Board of Directors Approves Deal to Acquire Kurt Geiger
Steve Madden has entered into a definitive agreement to acquire UK-based Kurt Geiger from a group led by international private equity firm Cinven for an enterprise value of approximately £289 million in cash.
Perfect Moment Swings to Fiscal Q3 Net Loss as Sales Decline 8 Percent
Total net revenue declined 8 percent to $11.7 million from the prior-year Q3 quarter, said to be largely due to a decrease in collaboration revenue partially offset by an increase in retail net revenue.
BJ’s Wholesale Club to Open in Florida
The new club will open in Brooksville, FL, on February 21, 2025, including an on-site BJ’s Gas location opening on February 6. Club members who shop the store, save of up to 25 percent off grocery store prices.
EXEC: Asics Sees 2024 Lifestyle Footwear Sales Surge 50+ Percent
The company’s SportStyle and Onitsuka Tiger categories each posted growth in excess of 50 percent year-over-year to nearly ¥100 billion each, while operating profits more than doubled for each category versus 2023. SportStyle sales grew 120 percent in the North America region.
EXEC: Moncler S.p.A. Continues Double-Digit DTC Growth in 2024 as Wholesale Falls
Moncler S.p.A. (Group), the Italy-based parent of the Moncler and Stone Island brands, saw full-year 2024 consolidated revenues increase 7 percent in constant-currency terms (cFX), to €3,108.9 million.
EXEC: Authentic Inks Deal to License Spyder Brand for Snow Apparel & Accessories
Authentic Brands Group (Authentic) has granted Outdoor Collective the license for Spyder manufacturing in the ski and snow apparel categories, as well as accessories. The move comes on the heels of the bankruptcy of former partner and Spyder licensee Liberated Brands.
