Oros Closes $14.5 Million Series A Funding Round; Adds Board Members
Oros announced $14.5 million in a Series A funding round led by Elizabeth Street Ventures and Enlightenment Capital. Rachael Ulman and Hap Klopp have joined Oros’ board.
GOA Adds Vendor Partners; Expands To 196 Retail Doors
Grassroots Outdoor Alliance (GOA) has added five retail members, including Big Agnes and Osprey, as vendor partners.
ABG To Undergo Credit Review With Positive Implications After IPO Filing
S&P Global Ratings said it placed the debt ratings of Authentic Brands Group (ABG) under review for a possible upgrade after the brand licensing powerhouse filed for an initial public offering.
REI To Open Second Location In Missouri
REI will open a new store in Spring 2022 in Town and Country, MO. Since 2001, the outdoor retailer has had a store presence in St. Louis.
PacSun Enters Sneaker Resale Business
Pacific Sunwear of California has launched into the sneaker resale market with PS Reserve.
Belk Announces Promotions Within Senior Leadership Team, Including New CEO
Belk announced several promotions within the company’s senior leadership, most notably the promotion of Nir Patel to CEO. Lisa Harper, who served as Belk’s CEO dating back to July 2016, has transitioned to Executive Chair of the Belk Board of Directors.
Authentic Brands Group Files For IPO
Authentic Brands, which owns a number of fashion and sports brands, filed for an initial public offering.
Infinited Fiber Co. Raises €30 Million
Finnish circular fashion and textile technology group Infinited Fiber Co. has secured investments totaling €30 million in its latest financing round completed on June 30. The round also brought Infinited Fiber new investors, Adidas, Invest FWD A/S, which is Bestseller’s investment arm for sustainable fashion and investment company Security Trading Oy.
Phil Knight Donates Another $500 Million To The University Of Oregon
Nike’s Co-founder Phil Knight and his wife Penny have given a second $500 million donation to his alma mater, The University of Oregon. The donation will help the University launch the second phase of the Phil and Penny Knight Campus for Accelerating Scientific Impact.
RPM Training Closes Series A Funding Round
Active lifestyle brand RPM Training Co. announced the closure of a Series A funding round led by Partnership Capital Growth (PCG) and KC/LLC. Cambridge SPG, FitLab, and Mana Ventures also participated in the round.
Hibbett Sports Opens Stores In North And South Carolina
Hibbett Sports opened a Hibbett Sports location in Garner, NC and a City Gear in Beaufort, SC.
CrossFit Names Former Nike Executive As President
CrossFit LLC announced the appointment of former Nike executive Jason Dunlop as president. Dunlop, who also held senior roles at Starbucks and The Gap, will accelerate CrossFit’s global growth.
Camping World Continues Expansion With Vermont Acquisition
Camping World Holdings Inc. announced a land acquisition agreement for TC’s RV dealership in St. Albans City, VT. This location will be the retailer’s first facility in the state of Vermont.
Volcom Operating Group To Pick Up Spyder License
Authentic Brands Group (ABG) announced the transition of its core licenses for Spyder to Liberated Brands, the parent of Volcom surf and skateboard label. ABG also plans to appoint new license partners for Frye.
The Renewal Workshop Closes $6 Million Round
The Renewal Workshop announced a $6 million financing round. The round includes Rubio Ventures, Shift Invest, Quadia, Closed Loop Partners, Gratitude Railroad, Portland Seed Fund, Fashion for Good, DOEN, Mosiaco Management, Mistletoe, and Volta Circle.
