Academy Sports and Outdoors Inc. announced that it has publicly filed a registration statement on Form S-1 with the U.S. Securities and Exchange Commission relating to a proposed initial public offering.
Author: SGB Media
Report: JCPenney Finds Rescue Deal With Simon Property And Brookfield
Mall owners Simon Property and Brookfield Property Partners have reached an agreement in principle to acquire JC Penney out of bankruptcy proceedings in a deal valued at approximately $800 million, sources told the Wall Street Journal. The move will avoid a total liquidation and save about 70,000 jobs and 650 stores, Joshua Sussberg, a lawyer represensting Penney for the Kirkland & Ellis said in bankruptcy court Wednesday.
Adidas Extends Contract With Northwest Missouri State University
Adidas renewed its sponsorship deal with Northwest Missouri State University through 2026. MB2 Sports, out of the Kansas City area, will service the contract.
Gaia Sells Portion Of Its Headquarters And Reduces Debt By $13 Million
Gaia Inc., the health and wellness media company, closed on the sale of the portion of its corporate headquarters that it was not occupying to a strategic real estate investor today. Gaia will still retain full ownership of its studio and production facilities.
NPD Expects Historic Holiday For U.S. Consumer Technology Sales
According to NPD’s Future of Tech report, Q4 2020 will see historic growth in technology sales of 18 percent compared to Q4 2019, which saw 4 percent growth compared to Q4 2018.
The Pro’s Closet Closes $12M Growth Investment
The Pro’s Closet, the pre-owned cycling brand, has raised $12 million in funding led by Foundry Group and Edison Partners. Ridgeline Ventures and existing private investors also joined the round. The latest round of funding brings total investment in The Pro’s Closet to more than $27 million.
Wattbike Secures Investment
Wattbike, the smart indoor bike, has secured an investment of £11.5 million ($15 mm) from Piper, the investment firm.
CODI Invests In Rational Packaging
Compass Diversified Holdings (CODI), the parent of 5.11, Liberty Safe, Marucci Sports and Velocity Outdoor, said its Foam Fabricators business has made a strategic investment in Rational Packaging, LLC, a designer and manufacturer of recyclable, paperboard-based structural packaging components.
Hoka Signs Sponsorship Agreement With NAZ Elite
The new four-year agreement will begin January 1, 2021, spans two Olympic cycles, and is intended to increase not only the personal level of support for each of the club’s individual athletes but the club’s overall infrastructure as well.
Inside The Call: Lululemon CEO Cautiously Optimistic About Back Half Business
Lululemon has been a Wall Street darling during the pandemic but second quarter results hardly set the world on fire during the fiscal second quarter ended August 2 and the company’s earnings call left analysts yearning for more in back half outlook.
SidelineSwap Partners With Perani’s Hockey World
SidelineSwap, the online marketplace for sporting goods, announced the launch of its first resale program in partnership with Perani’s Hockey World.
G-III Apparel’s Sales Tumble 54 Percent In Second Quarter
G-III Apparel Group, Ltd. reported sales declined 53.8 percent in the second quarter and warned that sales are expected to decline in the range of 28 percent to 33 percent in the second half.
Neil Fiske Joins Marquee Brands As CEO
Marquee Brands LLC appointed Neil Fiske as its first chief executive officer of Marquee Brands LLC. Fiske was most recently chief executive officer of the GAP brand and formerly led Billabong and Eddie Bauer.
Senior Nike Brand Director Joins Teespring
Teespring, the social commerce platform, has appointed Les Green, who formerly helped spearhead Nike’s NikeiD efforts, as VP of marketing.
Under Armour Expands Restructuring Efforts, To Lay Off 600 Overall
In a regulatory filing, Under Armour said its Board of Directors on September 2 approved a $75 million increase in its 2020 restructuring plan and indicated that it plans to lay off 600 employees as part of its overall 2020 restructuring plan.
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