Author: SGB Media

Can Peloton Pull A ‘Netflix’ On Gym Memberships?

October 21, 2019 SGB Executive

Shares of Peloton Interactive Inc. slipped yet again Monday, down $1.26, or 5.4 percent, to $22.26 at market close, but analysts remain upbeat on the company’s prospects—specifically its ability to disrupt certain markets such as gym memberships—based on recent coverage initiation reports and rating changes to “buy” or equivalent.

Callaway Golf Signs Stephen Curry

October 21, 2019 SGB Update

Three-time NBA champion and international superstar, Stephen Curry, has entered into a unique partnership with golf equipment manufacturer, Callaway Golf Company. 

Macy’s Inc. Commits To Going Fur-Free

October 21, 2019 SGB Update

Macy’s, Inc. announced that it will stop selling fur by the end of fiscal 2020. This includes all Macy’s and Bloomingdale’s private brands, as well as items sold from brand partners.

Saks-Owner To Go Private

October 21, 2019 SGB Update

Hudson’s Bay Company, which owns Saks Fifth Avenue, said its board of directors has accepted a revised offer from a group of majority shareholders led by executive chairman Richard Baker, bringing the retailer a step closer to going private.

Adidas’ Eric Liedtke To Exit At Year End

October 21, 2019 SGB Update

Adidas AG announced that Eric Liedtke, a 25-year Adidas veteran responsible for global brands, plans to exit the company at the close of the year. Liedtke was credited with guiding successful collaborations with global influencers such as Kanye West, Pharrell Williams and Beyoncé. Brian Grevy, CEO of Gant, will return as executive board member, responsible for global brands at the start of next year.

Cole Haan Submits Confidential IPO Paperwork

October 21, 2019 SGB Update

Cole Haan, acquired in 2013 by private equity firm Apax Partners from Nike Inc., has taken another step in its initial public offering progress. The company has confidentially submitted a draft registration statement on Form S-1 with the SEC relating to the proposed IPO of its common stock.

Acai Activewear Secures Funding

October 21, 2019 SGB Update

Acai Activewear, a U.K.-based clothing brand for the women’s outdoorwear market, raised £350,000 ($450,000) in funding. The round was led by Dow Schofield Watts Angels (DSW Angels).

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