J.Crew Group Inc. appointed Jan Singer to serve as chief executive officer. Singer most recently served as CEO of Victoria’s Secret Lingerie and previously held leadership positions at Nike and Spanx.
Author: SGB Media
Penn National Gaming To Acquire Barstool Sports
Penn National Gaming, a regional gambling operator, has reached an agreement to acquire Barstool Sports, the controversial digital sports publisher. The deal values the Boston-based sports blog at $450 million.
Milliken Finalizes Acquisition Of Borchers
Milliken & Company has formally acquired Borchers Group Limited, a global specialty chemicals company known for its coating additives and specialty catalyst solutions from The Jordan Company, L.P.
Esports Learning Platform Secures $5M Funding Round
ProGuides, an esports learning platform, announced a $5 million seed funding round led by M13 with participation from previous pre-seed investors Amplify LA, Quest Venture Partners, and the GFR Fund.
USA Triathlon Board Of Directors Elects 2020 Officers
The USA Triathlon Board of Directors announced the re-election of three of its members to officer seats — Jacqueline McCook as president, Joel Rosinbum as vice president and Kevin Haas as treasurer — and the election of Keri Serota as secretary.
Stephen Bebis Joins CEO Coaching International
Stephen Bebis, the founder of Golf Town and former head of Sports and Recreation, has become the newest partner and coach of CEO Coaching International, a leadership development consultancy.
Outdoor Foundation Study: America Is Becoming An Indoor Nation
Outdoor Foundation, the philanthropic arm of Outdoor Industry Association (OIA), released the latest Outdoor Participation Report, showing that just under half the U.S. population does not participate in outdoor recreation at all.
Unifi’s Q2 Sales Increase 1.1 Percent
Unifi Inc., the producer of recycled and synthetic yarns, reported operating earnings improved in the second quarter ended December 29 as sales increased 1.1 percent Unifi slightly lowered its full-year earnings guidance as results were impacted by “softer-than-expected U.S. demand in certain categories, along with global market pricing pressures.”
Report: Nike’s Vaporfly Won’t Face Ban
The World Athletics organization, which governs most international track and field events, will not be imposing a blanket ban on Nike’s Vaporfly running shoes, according to a report in the Guardian. But the international governing body is expected to announce “a temporary suspension of any new shoe technology until after the Tokyo Olympics.”
Family Of Delbert Hayes Makes $3M Donation To Washington State
The family of the late Delbert Hayes, one of the earliest employees at Nike, made a $3 million donation to establish the Delbert J. Hayes Scholarship in Accounting in the WSU Carson College of Business.
Nike.com Sells Out Of Kobe Bryant Gear
Two days after Kobe Bryant’s untimely death in a California helicopter crash, Nike said it had sold out of all Kobe-related merchandise, contradicting an earlier report that the footwear giant had pulled gear bearing his name from its website.
Toms Appoints Magnus Wedhammar CEO
Toms Shoes LLC has appointed Magnus Wedhammar, former GM of Sanuk, as CEO.
GSM Acquires Hunters Specialties
GSM Outdoors, a multi-brand manufacturer of hunting gear, announced Tuesday that the company has completed the acquisition of outdoor accessory and gear manufacturer Hunters Specialties.
Wilson Sporting Goods, MCM Worldwide And The NFL Create Super Bowl Football
Wilson Sporting Goods, MCM Worldwide, and the National Football League unveiled Tuesday a new collector’s edition football exclusive for Super Bowl LIV in Miami, FL. This is the third product drop to emerge from the Wilson and MCM partnership, which started in 2018, and the collaboration’s second limited-edition football with the NFL.
Outdoor Industry Association Announces The Climate Action Corps
Outdoor Industry Association (OIA) on Tuesday has announced the Climate Action Corps, a collaborative model for alignment, action and accountability to achieve industry-wide greenhouse gas (GHG) emission reductions in accordance with Intergovernmental Panel on Climate Change (IPCC) guidelines.
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