American Media, LLC, the publisher of celebrity journalism, health and fitness, and lifestyle brands, acquired the media assets comprising TEN: Publishing’s Adventure Sports Network (ASN). American Media Active Lifestyle Group will include the 14 adventure and sports brands including Bike, Powder, Surfer, the Transworld titles, and Snowboarder.
Author: SGB Media
Roark Capital Acquires Fitness Connection
Roark Capital, an Atlanta-based private equity firm, acquired a majority stake in Fitness Connection from LNK Partners. Fitness Connection has over 500,000 members across its 41 health clubs in Texas, North Carolina, and Nevada.
Unifi Posts Operating Loss In Q2
Unifi Inc. reported an operating loss in the second quarter ended December 30 due to higher product costs, lower regional yarn volumes and a weaker sales mix. Sales increased slightly.
Johnson Outdoors’ Sales Slump In Q1
Johnson Outdoors reported a slight decline in profits in the first quarter ended December 28 as sales slid 10.5 percent. Sales were impacted by a shift in pacing of new product releases in the Fishing category and weakness in Diving.
Over 50 CEOs Co-Create Outdoor Industry-Focused Equity, Inclusion And Diversity Pledge
On Friday, Camber Outdoors gathered over 50 CEOs in Denver to sign the CEO Outdoor Equity Pledge at Outdoor Retailer to commit to equitable and inclusive workplaces to advance the leadership opportunities for all. The premise, to spur innovation, builds community and elevate the active-outdoor industries as great places to work.
Vicis Expands Series B Funding
Vicis announced an expansion of its $30 million Series B fundraising, adding investments from quarterbacks Alex Smith and Aaron Rodgers, through Rx3 Ventures. This is the second investment in the company by both NFL quarterbacks.
Tender Corp Secures Equity Funding
Tender Corp, which sells a variety of first aid, safety and survival products for the outdoor industry under multiple brands, announced the completion of a management-led transaction to recapitalize the business.
Vibram To Open New Consumer Experience Center At Boston University
Vibram announced plans to launch a new Vibram Boston Consumer Experience Center located in Boston on Commonwealth Avenue.
REI Co-Op Honors Arbor Collective As Top Vendor Partner Of 2018
During the 2019 Outdoor Retailer Winter Market trade show, REI recognized vendor partners who have made a significant impact to the co-op’s mission to awaken a lifelong love of the outdoors in everyone with its Vendor Partner of the Year awards.
Tilly’s Declares Special Dividend
Tilly’s Inc. announced that its Board of Directors has declared a special cash dividend of $1.00 per share.
Stage Stores Addresses NYSE Listing Standards
Stage Stores Inc. announced that it received notification from the New York Stock Exchange (NYSE) on January 28, 2019 that the company is no longer in compliance with the NYSE continued listing criteria.
Adidas Announces Multi-Year Partnership With Football Coach Dr. Jen Welter
Adidas announced a multi-year partnership with Dr. Jen Welter, the first female NFL coach and newly named Defensive Specialist Coach for the Atlanta Legends in the Alliance of American Football (AAF).
Aisle Talk Week Of January 28
Top headlines from the active lifestyle industry you may have missed this week, including Moody’e lowering its debt ratings on Academy Sports.
Canada Goose Project Atigi
Canada Goose announced the launch of its new social entrepreneurship project for Canada’s North – Project Atigi. The project features the global release of a one-of-a-kind collection hand-made by expert seamstresses.
Wolverine Worldwide Makes Investment In Thrive Outside
Wolverine Worldwide is investing $300,000 in the Outdoor Foundation, the charitable arm of Outdoor Industry Association, to support the Thrive Outside Communities program, designed to help young people’s social, emotional and academic development through outdoor experiences.
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