Comcast Ventures, the venture capital affiliate of Comcast Corporation, announced Andre Iguodala has joined its Catalyst Fund as a venture partner.
Author: SGB Media
Bluestar Alliance Outlines Plan For Hurley
Private equity firm Bluestar Alliance LLC (BSA) on Wednesday unveiled its plans to “rebuild Hurley’s core infrastructure and has poised the brand for exceptional growth,” the company said in a press release.
Fjällräven To Open Flagship Brand Center In Denver
Fjällräven, the Swedish heritage outerwear brand since 1960, will celebrate the grand opening of a new 6,000-square-foot brand center in downtown Denver, CO, this summer. Located on the corner of Platte and 15th Street in the LoHi neighborhood near REI and Wilderness Exchange, the center will offer consumers a community-focused experience with sustainable technical gear […]
Royal Robbins To Open “Travel Outfitting” Stores
Royal Robbins announced a new retail concept with stores opening in Denver and Seattle this summer. The stores will be Royal Robbins’ next-generation design and first retail openings since the company was acquired by Fenix Outdoor in 2018. “Our concept is the result of a progressive new vision for the travel goods retail space to […]
OIA Partners With State Universities To Offer Certificate Program
Outdoor Industry Association, (OIA), announced it has partnered with The University of Colorado, Utah State University and Western Colorado University to offer an Outdoor Industry Business Certificate Program in 2020 through their continuing education departments. The online-based and self-paced, non-credit certificates will focus on “OIA’s three-pillar areas of public policy, increasing outdoor participation and sustainable […]
January M&A Roundup: Buzz Around VF’s Next Move Highlights Busy Month
The active lifestyle marketplace began 2020 with a high volume of M&A transactions, but the most notable story didn’t involve a done deal—just one of the highest-profile companies in the industry announcing plans to rightsize its portfolio and potentially target new assets. The January M&A Roundup examines VF’s latest move and asks what’s next?
Nautilus Announces $70M Credit Facility
Nautilus Inc. announced the closing of a new five-year $70 million senior secured credit facility, consisting of a new $55 million asset-based revolver and a $15 million term loan with Wells Fargo Bank, NA.
Georgia Gwinnett College Signs Deal With Nike, BSN Sports
Georgia Gwinnett College in Lawrenceville, GA signed a multi-year apparel partnership with Nike and BSN Sports for the college’s six intercollegiate teams.
L.L.Bean Announces Layoffs, Plans To Close Lewiston Call Center
L.L.Bean said it plans to layoff 200 employees companywide at the end of February and close its call center in Lewiston, ME in 2021.
Adidas Closes Numerous Stores In China
Adidas said it was closing a “considerable” number of its stores in China due to concerns over the coronavirus outbreak, according to a report from Reuters.
USA Football Grant Program Applications Open For 2020
Youth, middle school and high school football programs may apply now through March 9 for USA Football’s equipment grant program, offering $1 million in resources to benefit young athletes. Vendor partners include Riddell, Gilman Gear, Shadowman Sports and Catapult.
Winchester’s Q4 Revenues Expand 6.3 Percent
Olin Corp. reported Winchester’s sales for the fourth quarter 2019 were $154.7 million compared to $145.5 million in the fourth quarter 2018, a gain of 6.3 percent.
Foot Locker Launches New Membership Program
Foot Locker Inc. announced the North America rollout of FLX, its new membership program unifying all Foot Locker, Inc. brands under one easy-to-use platform.
Nike Provides Update On Impact of Coronavirus In China
In the context of the evolving dynamics related to the coronavirus in China, Nike Inc. said it is prioritizing the health and safety of its store associates and partners, in cooperation with local authorities. Similar to others in the marketplace, approximately half of Nike-owned stores have been temporarily closed, with corresponding dynamics across its partner stores.
Baseball Express Celebrates 30th Anniversary
Baseball Express, the oldest continuously operating online baseball store in the country, is celebrating its 30th year in business in 2020. Exclusive content and retrospectives looking back on the last 30 years in baseball and at the company throughout the month of February are planned.
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