Portuguese fiber producer Altri SGPS S.A. has agreed to acquire a majority interest in Swiss clean technology company AeoniQ to support the commercial-scale development of a biodegradable cellulose-based filament designed to replace polyester and nylon.
Author: SGB Media
StockX Names Senior Director of Customer Community and Engagement
Brendan Dunne will oversee editorial content and deepen the company’s connection with its audience of primarily Millennials, Gen Z, and increasingly, Generation Alpha. Previously, Dunne worked at Complex, overseeing editorial strategy, partnerships and content.
Cascale Appoints Former Nike Senior Exec as Interim CEO
Harsh Saini, who currently serves on Cascale’s Board of Directors, will lead the non-profit in advancing its key 2025 strategic priorities while it continues its global search for a permanent CEO.
Allbirds Secures $75M Credit Line, Launches Stock Sale Program
The footwear brand secured a new $75 million asset-based revolving credit facility while introducing a program to sell up $50 million in stock with TD Cowen. The financing provides additional liquidity and financial flexibility to support plans to reignite growth.
Revelyst Appoints Innovation Chief at Precision Sports Technology
A longtime R&D executive with experience at Boeing, Callaway Golf, and Cobra Golf, Mike Yagley reportedly brings critical technical expertise to Revelyst’s golf brands as the company seeks to differentiate itself from the field through product innovation.
Perfect Moment Raises $3M in Stock Sale
The London-based skiwear and activewear company reported that it sold 10 million shares for $0.30 a share. In addition, the company has granted the underwriters a 45-day option to purchase up to an additional 1.5 million shares to cover over-allotments
NSSF Hires Lisa Davis as VP of Human Resources
Davis brings over 25 years of HR leadership experience across multiple industries, including firearms, e-commerce, healthcare, manufacturing, and global IT consulting. She succeeds Deb Kenney, who recently retired after 29 years with the association.
Report: Back-to-School Expected to Benefit from ‘Resilient’ Consumer
Placer.ai reported that overall U.S. retail traffic in early 2025 shows modest growth so far this year, boding well for the upcoming back-to-school season. Traditional back-to-school categories, such as sportswear and footwear, are expected to remain strong.
Auburn University Moves on from Under Armour; Inks 10-Year Nike Deal
Nike signed a 10-year deal to become the official outfitter of Auburn University’s athletic teams, beginning July 2025. Nike replaces Under Armour, which had supplied Auburn’s athletic teams since 2006.
FN America Names VP, Commercial Products
The manufacturer of firearms under the FN brand promoted Dan Hines to vice president of commercial products, effective June 2. He joined the company in 2023 as director of marketing.
Katadyn Group Appoints CEO
Karl Baumann has been appointed CEO of the outdoor hydration, nutrition and cooking systems specialist, effective April 1, 2025. Baumann most recently served as CEO of Ferrum Process Systems Group.
Lululemon Sues Costco Over Alleged Copycat Yoga Pants
The brand is seeking a court order to prevent Costco from manufacturing, importing, advertising, and selling the alleged LULU counterfeit products. It also wants Costco to pull all ads that promote the products and is asking for compensation for lost profits.
Gaia Appoints CEO
Kiersten Medvedich, company president, has been promoted to CEO. She continues to report to Gaia Founder and Executive Chairman Jirka Rysavy. Medvedich joined Gaia in 2016 as senior director of content.
Caleres Amends and Extends Credit Agreement
The parent company of Famous Footwear and the Naturalizer, Vionic, Allen Edmonds, Blowfish Malibu, and Sam Edelman brands, has entered into an amendment of its credit agreement, which extends its senior secured asset-based revolving credit facility to June 2030.
Big 5 Sporting Goods to Go Private via Acquisition by Specialty Golf Retailer and PE Firm
The retailer has entered into a definitive merger agreement to be acquired by a partnership comprised of Worldwide Golf and Capitol Hill Group, in an all-cash transaction valued at approximately $112.7 million in enterprise value, including the assumption of roughly $71.4 million in credit line borrowings as of June 29, 2025.
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