JD Sports, in an update on first-half results, said it opened it sixth JD Sports store in the U.S. with the conversion of the former Finish Line location at the Mall of America and also launched e-commerce in the region. Overall on the U.S., JD Sports said, “We remain encouraged by the developments in this market to date.”
Author: SGB Media
June M&A Roundup: Oberalp Boosts Portfolio With Evolv Acquisition
Italy-based Oberalp Group on June 21 broadened its focus on mountain sports by announcing the acquisition of U.S. climbing shoe brand Evolv. That was just one highlight from a busy month for M&A in the active lifestyle space that also included deals in the fishing and fabric categories. Our June M&A Roundup breaks them down.
Weatherby Completes Relocation To Wyoming
Firearms manufacturer Weatherby Inc. completed the relocation of its manufacturing operations and corporate headquarters to Sheridan, WY from California.
Nike And Patagonia Among America’s Most Patriotic Brands
Nike, Patagonia, Gatorade, Converse, New Balance, L.L. Bean, Louisville Slugger and Wilson all landed on the 17th annual Brand Keys survey of iconic American brands.
San Diego Named Best City For Recreation In America
San Diego ranked first in Wallethub’s Best Cities for Recreation. The remaining top five were Las Vegas, Orlando, Honolulu and Tampa.
Wilson To Sponsor Basketball Champions League
Wilson Sporting Goods Co. and the Basketball Champions League announced they have entered into a three-year exclusive agreement. As part of the agreement, Wilson will provide the Official Game Ball for all Basketball Champions League games from
September 2019 through 2022.
Nike Partners With Brighton
Nike has re-upped as the kit supplier to the Premier League club Brighton in a three-year extension.
Umbro Partners With Burnley
Umbro has signed on the replace Puma as the supplier of the Premier League club Burnley in three-year kit deal.
RECALL: Faraday Electric Bicycles
About 4,450 electric bicycles are being recalled by Faraday. According to a release from the CPSC, the seat post on the bicycles can break, posing a fall hazard to the rider.
Sherrill Acquires Maine-Based Sterling Rope Company
Sherrill Inc., a Greensboro, NC-based arborist and climbing gear company, on Tuesday announced the acquisition of Biddeford, ME-based life safety rope manufacturer Sterling Rope Company Inc. Financial terms of the deal weren’t disclosed.
Nike Cancels ‘Betsy Ross Flag’ Sneaker After Colin Kaepernick Expresses Concerns
Nike canceled Monday’s launch of its new limited edition USA-themed Air Max 1 Quick Strike sneaker for the Fourth of July holiday after criticism that it featured an early American flag that some found offensive.
HydraPak President Matt Lyon Talks Polar Bottle Plans
Matt Lyon, president of Oakland, CA-based hydration company HydraPak LLC, sat down with SGB Executive at the recent Outdoor Retailer Summer Market to discuss the acquisition of Polar Bottle. Here’s what he shared about the ongoing integration and what’s in store for the longtime bottle brand—including a focus on the specialty channel.
TRX Appoints President
TRX, a leader in functional training equipment, education and technology, announced John Hutchison as its new president, beginning June 10, 2019. His past experience include brand strategy and general management roles at Nike and The North Face, where he last ran the global Run & Train division.
Big Agnes To Expand European Sales Presence
Steamboat Springs, CO-based camping equipment brand Big Agnes has announced efforts aimed at expanding its international sales and distribution.
Fox Factory Holding Corp. Completes CEO Succession Plan
Fox Factory Holding Corp. on Monday announced the completion of its CEO succession plan, as previously announced on February 26, 2019, and May 30, 2019.
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