The U.S. Justice Department will review plans by Google to acquire Fitbit Inc for possible antitrust issues.
Author: SGB Media
MP Brand Launches Phelps Test Team
MP Brand, Michael Phelp’s swim brand designed by Aqua Sphere, announced the launch of the Phelps Test Team, an all-new online platform designed for the global swimming community.
iFit Raises $200 Million To Accelerate Connected Fitness Category
iFit, the connected fitness streaming platform based in Logan, UT, announced the completion of a $200 million growth equity investment led by Pamplona Capital Management. iFit is owned by ICON Health & Fitness.
Yue Yuen Shows Modest Gain In November
Yue Yuen reported revenue reached $864.4 million in November against $852.2 million a year ago, representing a gain of 1.4 percent.
ISlide Secures Equity Funding
ISlide, the developer of custom slide sandals, closed its most recent investment round by adding three new prominent major investors. The investors include Milwaukee Bucks president Peter Feigin, Memphis Grizzles forward Jae Crowder, and former president of Adidas Sports Licensed division and Lids David Baxter.
Vail Resorts Tees Up $215M In Ski Area Improvements
As the 2019/20 ski season gets underway, Vail Resorts Inc. has already unveiled up to $215 million in capital improvements for next year. Here’s what’s on tap for North America’s largest ski resort operator, which this week reported a revenue beat in the fiscal first quarter behind strong pass sales.
Safilo Group Board Approves Four-Year Group Business Plan
The board of directors of Safilo Group S.p.A. on Tuesday approved the new Group Business Plan 2020-2024. The new plan incorporates the effects of the Group’s most recent business developments.
Nike Employees March At Headquarters For Women’s Rights
Hundreds of Nike employees on Monday marched in protest at its headquarters over the company’s treatment of women , according to local and national reports. This march took place as Nike reopened a building named after disgraced running coach Alberto Salazar, the coach of Nike’s shuttered Oregon Project.
Riddell Partners With NetVirta
Riddell entered a strategic partnership with tech company NetVirta to advance head protection with mobile 3D technology.
The Ironman Group Bolsters Global Partnership Leadership Team
The Ironman Group, a Wanda Sports Group company, announced the addition of Matt Wikstrom and Chris Marciani to its Global Partnership leadership team.
Celerant Technology Ranks #1 Retail Software In RIS LeaderBoard 2020
Celerant Technology announced that Retail Info Systems (RIS) News has again ranked Celerant as the number one retail software vendor overall in their annual RIS LeaderBoard 2020 report. Celerant has been recognized as a top-five vendor for 11 consecutive years.
Balanced Body Wins MOTR Patent Infringement Suit In Chinese Court
Balanced Body, a leading resource for Pilates and integrated movement equipment and education, announced a favorable ruling in a trademark infringement lawsuit against Yongkang Elina Sports Equipment Co. for one of its leading products, the MOTR exercise device and system, in Chinese Court.
FESI Elects Puma General Counsel Intellectual Property Neil Narriman As President
The Federation of the European Sporting Goods Industry (FESI) has elected Neil Narriman as its new president. The general counsel of intellectual property at Puma was elected for a three-year term at the FESI Annual General Assembly in Brussels, succeeding Frank A. Dassler, who left Adidas in 2018 to retire.
Sarah Bany Steps Down From Columbia Sportswear’s Board
Columbia Sportswear Company announced that Sarah A. Bany, a longtime director of the company, notified the board of directors of the company on December 9, 2019 of her decision to resign from the board, effective immediately, in order to focus on administering Gert Boyle’s estate. Bany is a daughter of Gert Boyle and a sister of Tim Boyle.
Conzzeta AG Exploring Sale Of Mammut
Conzzeta AG said it has decided to explore sales offers for Mammut after deciding the company’s future focus will be on the Bystronic business unit. A sale is expected to be completed by the close of 2020.
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