Michael Avenatti, the celebrity lawyer accused of extorting Nike for up to $25 million, was arrested Tuesday evening while appearing before the State Bar Court in Los Angeles. A Los Angeles judged ruled Wednesday that he will remain in jail after prosecutors alleged he continued to commit financial crimes while out on bail.
Author: SGB Media
Smith & Wesson Parent, American Outdoor Brands, Replaces CEO
American Outdoor Brands Corp. said James Debney has been replaced as president and chief executive officer and as a director of the company, following the determination by the board of directors that he “engaged in conduct inconsistent with a non-financial company policy.”
Vans Opens Indoor Skate Park In Brooklyn
Vans opened a new indoor park, Skate Space 198, in the Bushwick section of Brooklyn, NY.
Canadian Tire Appoints CFO And New Leader Of Banking Unit
Canadian Tire Corporation Limited announced two senior executive appointments: Gregory Craig as executive vice-president and chief financial officer (CFO), CTC; and Mahes Wickramasinghe as president, Canadian Tire Financial Services (CTFS) and president and CEO, Canadian Tire Bank.
Sportsman’s Warehouse Announces Three New Store Locations
Sportsman’s Warehouse Holdings Inc. announced plans to open new stores in Parker, CO, Brentwood, CA, and Corona, CA, this year.
SOG Founder Spencer Frazer Announces Retirement
Studies and Observations Group (SOG) this week announced the retirement of Spencer Frazer, who founded the company in 1986.
Industry Groups Welcome Phase One Trade Deal Signing
A number of retail and industry groups – including OIA, NRF, FDRA, AAFA and RILA – welcomed the signing of the phase one trade deal between the United States and China. Many renewed calls for the administration to promptly conclude a phase two deal to lift all punitive tariffs.
Rates Keep Rising At Western Mountain Resorts
Generous snowfall and good slope conditions throughout most of the U.S. western resorts along with less than ideal conditions in other regions is helping to buoy lodging rates even as occupancy figures continue to slip, according to DestiMetrics’ monthly Market Briefing from Inntopia.
Former Fanatics Executive Joins Afterpay
David Katz, most recently senior vice president of product management and design at Fanatics, has joined Afterpay.
PGA Tour Superstore To Open Three Stores This Spring
PGA Tour Superstore said it will open three new stores this spring: East Hanover, NJ, Palm Beach Gardens, FL, and Columbus, OH; and is looking to open additional stores later in the year.
Jim Pisani Steps Down As Timberland’s President
VF Corporation announced that Jim Pisani has decided to step down from his role as global brand president, Timberland. He plans to move to the Midwest U.S. to be closer to his family.
ISPO Awards To Be Announced January 26
The winners of the ISPO Awards 2020 have been selected and will be announced on January 26, the first day of ISPO Munich 2020.
Compass Diversified Holdings Announces Two Promotions
Compass Diversified Holdings (CODI) announced Wednesday the promotions of Demetrios Dounis to partner and head of business development and Raj Dalal to principal, effective January 1.
Crocs To Elevate Digital Presence In 2020
On the heels of the highest revenue-grossing year in its history, Crocs Inc. has even bigger plans for 2020 and beyond with digital investment as one of its key long-term growth drivers. During a Tuesday presentation at the ICR Conference in Orlando, FL, CEO Andrew Rees outlined how the company plans to surpass 2019’s achievements.
Alterra Mountain Company Closes On Sugarbush Resort In Vermont
Alterra Mountain Co. announced that it has closed on the purchase of Sugarbush Resort in Vermont, bringing the company’s total year-round mountain destinations to 15 throughout North America, including the largest heli-skiing operation.
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