Out There First announced the acquisition of Alex Brands under the new company Alex Global Products. Alex Brands’ family includes Alex Toys, Scientific Explorer, Poof foam balls, Ideal, ZOOB, and Backyard Safari.
Author: SGB Media
Row House Surpasses 300 Franchise Agreements
Row House, which is part of the Xponential Fitness family of brands, announced it has surpassed 300 signed franchise agreements.
Sycamore Positioned To Buy J.C. Penney, To Merge With Belks
J.C. Penney is reportedly close to accepting a $1.75 billion bid from Sycamore Partners to acquire the company in an auction in bankruptcy court. Sycamore intends to merge Penney with Belks, which operates 300 department stores mostly in the South.
G-III Apparel To Offer $350 Million In Five-Year Bonds
G-III Apparel Group Ltd. announced that it intends to offer $350 million aggregate principal amount of senior secured notes due 2025.
Remington Arms Files Again For Bankruptcy Protection
Remington Arms Co., as expected, filed for bankruptcy protection for the second time since 2018 as it seeks to restructure its heavy debt load. The company will again try to find a buyer for the business.
Nike Appoints New Diversity Chief
Nike promoted Felicia Mayo, to head a newly formed team as chief talent, diversity and culture officer, replacing Kellie Leonard, who is leaving to pursue other interests. The promotion of Mayo will add a Black woman to Nike’s leadership team.
Canada Goose Journeys Into Footwear With Strategic Hire
Canada Goose today announced the appointment of Adam Meek to the new role of GM Footwear & Accessories. Most recently, he served as Senior VP of Product at Sperry–Wolverine Worldwide.
Running USA’s CEO To Step Down
Running USA announced that Rich Harshbarger will be stepping down as CEO of Running USA effective August 1 as the organization has “determined that it is time for new leadership.” He has been CEO since 2014.
Moncler’s Revenues Drop 29 Percent In First Half
Moncler SpA reported \a net loss of €31.6 million in the first six months of the year as sales declined 29 percent to €403.3 million.
The Complete Paddler Acquired By Nova Craft Canoe
Chris Rath, president of Nova Craft Canoe, purchased a majority stake in The Complete Paddler, the Toronto-based paddle sports retailer.
All Good Appoints CFO
All Good, the ethically-made body care and mineral sunscreen brand, welcomed Susan Conner-Steeb as its chief financial officer.
Mavic Acquired By French Investment Group
Mavic, the French cycling components and accessories brand that was placed into receivership in May, has reportedly been acquired by the French investment group Bourrelier.
Nike Marketing Exec Joins Timberland
Timberland named Drieke Leenknegt vice president, global marketing. She was most recently Global VP of Influencer Marketing & Collaborations at Nike.
Planet Fitness To Require Face Masks In All Locations, Effective August 1
Planet Fitness, Inc. announced that members and guests will be required to wear a mask at all times while inside all open fitness centers beginning August 1. Currently, all Planet Fitness employees are required to wear masks.
Dick’s SG To Close On Thanksgiving; Extends Employee Premium Pay Through End Of Year
Dick’s Sporting Goods announced it will close all store locations and distribution centers on Thanksgiving Day, November 26, 2020. The company also announced that store and distribution center employees will continue to receive a 15 percent pay premium through the end of the year with the challenges presented by COVID-19.
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