Dutch E-Bike Firm VanMoof Raises $40 Million

E-bike manufacturer, VanMoof, has raised a $40 million investment from Norwest Venture Partners, Felix Capital and Balderton Capital. The funding brings VanMoof’s total capital raised to $73 million and furthers the e-bike brand’s mission of getting the next billion on bikes.

Dick’s SG Settles $2.9 Million Wage Deal

Dick’s Sporting Goods agreed to pay $2.9 million in a settlement between the retailer and California retail workers over apparel costs and mandatory off-the-clock security checks according to a report from HR Dive.

GNC To Be Sold To China’s Largest Drug Maker

GNC Holdings Inc., which filed for bankruptcy in June, is moving forward with plans to sell itself to its largest shareholder and original bidder, Harbin Pharmaceutical Group Holding Co., for approximately $760 million.

Online Fitness Platform Zwift Raises $450M

Zwift, the online fitness platform for cyclists and runners, announced a $450 million minority investment led by leading global investment firm KKR, accompanied by other new investors Permira, Specialized Bicycle Components’ venture capital fund, Zone 5 Ventures and the Amazon Alexa Fund and existing investors including True, Highland Europe, Novator and Causeway Media.

Blaser Group Appoints North American Director Of Sales

Blaser Group announced Derek Paul has joined the company as North American director of sales. In this role, Paul will be responsible for all commercial sales activities for Blaser, Mauser, Sauer, and Rigby rifles and Minox optics throughout North America.

Apex Global Brand’s Q2 Sales Slip 21 Percent

Apex Global Brands reported sales declined 21.4 percent in the second quarter ending August 1. The net loss came to $1.3 million, or $2.38 a share, in-line with the year-ago period. The owner of Hi-Tec, Magnum, Tony Hawk and other lifestyle brands also said it entered into an amended forbearance agreement with senior secured lender on September 1.