Academy Sports Files To Go Public

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.

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. 

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.

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.

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.