Michael Avenatti, the celebrity lawyer, pled “not guilty” to an indictment accusing him of trying to extort as much as $25 million from Nike Inc.
Author: SGB Media
The Pro’s Closet Announces New Facility,
The Pro’s Closet, a leading seller of pre-owned bikes and components based in Boulder, CO, announced that it has leased an additional 28,000-square-foot facility in Longmont, CO to accommodate its rapid growth.
TRX Obtains Court Order Validating Patents For Suspension Trainer
TRX, the developer of functional training equipment and training content, said a final judgment and order has been entered in the Northern District of Illinois validating the enforceability of three patents and three trademarks of Fitness Anywhere LLC (TRX).
Voxel8 Appoints President And CEO
Voxel8, a multi-material digital manufacturing company transforming design and production of footwear and apparel, announced the appointment of Dr. Friedrich (Fred) von Gottberg as president and chief executive officer and to the board of directors.
Rockport Group President Steps Down
Rockport Group confirmed that Javan Bunch is stepping down as president.
Columbia Sportswear Set To Join S&P MidCap 400
Columbia Sportswear Company will be added to the S&P MidCap 400 GICS (Global Industry Classification Standard) Apparel, Accessories & Luxury Goods Sub-Industry index.
Apex Global Brands Delays Release Of Q3 Results
Apex Global Brands, formerly Cherokee Global Brands, announced that it will file with the U.S. Securities and Exchange Commission for an automatic five-day extension of the deadline for submitting its quarterly report on Form 10-Q for its Third Quarter ended November 2, 2019.
Vicis Faces Credit Crunch
Vicis, the high-tech football helmet startup, is running out of money and may shut down operations, according to The New York Times.
Tracking Peloton’s Climb Out Of Advertising Stumble
Peloton Interactive Inc. appears to have ridden out the controversy surrounding its recent ad that took social media by storm and sent the company’s shares plummeting. When the company’s leadership took to the presentation circuit last week, the focus was not on that perceived misstep but instead on the potential Peloton is eyeing a few months after going public.
PowerBilt Partners With Head
PowerBilt Holdings, owned by Hillerich & Bradsby, entered into a multi-year agreement with Head Sport GmbH to design, manufacture and distribute an extensive line of golf equipment and accessories.
Minnetonka Appoints Jori Miller Sherer As President
Minnetonka has promoted Jori Miller Sherer, most recently vice president of business development, as president.
Will Slowing Logo Trend Slow Champion?
Bank of America Merrill Lynch downgraded Hanesbrands Inc. due to concerns that a slowing logo trend will cause Champion’s sales to decelerate.
Hype Sports Innovation Partners With Jordi Cruyff
Hype Sports Innovation, the sports innovation platform based in London, said Jordi Cruyff, manager of the Chinese Superleague club, Chongqing Lifan, has joined its investment arm, Hype Capital, as an investor and advisory board member.
PlayOn! Sports Raises $25 Million In Series B Funding
PlayOn! Sports, which operates the NFHS Network, has raised Series B funding of $25 million led by venture investment firm BIP Capital. New investors in the funding round include Jeff Vinik, Teall Capital, and Crossover.
Ebay Unveils New December Sneaker Drop Series
Ebay said its marketplace is eliminating sneaker seller fees in North America on any sneakers sold at $100 or more while unveiling new December Drop series. The drops signify the continued dominance of Ebay in the sneaker resale game, with nearly six million total sneakers sold on Ebay in 2019.
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