Mid Pines Inn & Golf Club, which opened in 1921, and Pine Needles Lodge & Golf Club, which followed in 1928, are joining forces with Marine & Lawn Hotels & Resorts. The company, a division of AJ Capital, was founded in 2008 by Ben Weprin and manages over $5.4 billion in real estate investments in markets throughout the U.S. and U.K.
Author: SGB Media
On Outsole Partner Novoloop Raises $21M to Scale Circular Performance Materials Tech
By chemically upcycling post-consumer polyethylene into low-carbon polyols and polyurethanes, Novoloop produces sustainable materials for footwear, apparel, sporting goods, automotive, and other applications.
Adidas Appoints New GM for India
Vijay Chauhan, most recently SVP International at American Eagle Outfitters, joins Adidas as GM for India, effective August 1. He will succeed Neelendra Singh, who is stepping down after over two decades with the company.
Decathlon Closing Five Greater Toronto Area Stores
Decathlon is closing its five stores in the Greater Toronto area this summer. The retailer provided no reason for the closures, but the French sporting goods chain stated in a media release that it had recently launched same-day delivery and is considering opening smaller store formats or adopting a wholesale distribution model to serve the region.
Mark Walter to Acquire Majority Stake in the NBA’s Los Angeles Lakers
Chairman and CEO of TWG Global, Walter reached an agreement with the Buss Family Trust to acquire a majority stake in the NBA’s Los Angeles Lakers. The sale is expected to close in the third or fourth quarter of 2025.
Primark Continues U.S. Growth with Memphis, TN Store Opening
The Memphis location, opening July 24, is the first of two planned store openings in Tennessee for Primark, with a second store set to open in the Cool Springs Galleria in Franklin, TN. The opening marks the retailer’s 31st U.S. store, now spanning 13 states.
Carbitex Appoints VP of U.S. Sales
Hanna brings over 12 years of experience in advanced materials and textiles, most recently as director of Innegra sales at Quantum Materials, LLC, and previously as president of Innegra Technologies.
Silencer Central Hires Kelly Streiff as Chief Revenue Officer
Most recently, Streiff served for over eight years as VP of Sales and Marketing at Proof Research and was national accounts sales manager at Leupold & Stevens for nearly five years after getting her industry start at Cabela’s.
Foresight Sports Enters Partnership with Puttview Enhancing Gameplay Experience
From detailed ball flight tracking to green simulations, the integration of both companies “ensures every shot from tee to green feels like traditional on-course golf.
Winnebago’s Q1 Revenues Slump 18 Percent
The maker of motorhomes and towables reported a loss in the first quarter due to an 18.0 percent decline in sales, as the company was unable to offset revenue and margin declines in its RV segments by gains in its Marine segment, led by the Barletta and Chris-Craft brands.
Wilson Combat Adds Performance Engineering Company Via Lehigh Defense Acquisition
The Wilson Family Companies, LLC, led by Founder and CEO Bill Wilson, also owns Chip McCormick Custom, Circle WC Ranch, Khumba Bush Camp, Scattergun Technologies, Wilson Custom Ammunition, and Wilson Combat.
Survey: Back-To-School Spending Expected to Hold Up
According to PwC’s 2025 Back-to-School Survey of nearly 1,200 parents, over one in three parents anticipate spending more than the amount they spent last year. For surveyed respondents who plan to cut back on shopping for back-to-school items this year, technology and clothing were cited as top categories for reducing spend.
Nike, Inc. Nominates Former Lego CEO for Board Seat
Jørgen Vig Knudstorp, former president and chief executive officer of the Lego Group from 2004 to 2016 and current deputy chair of the Lego Foundation, is expected to replace Cathleen Benko, a former Deloitte executive who is retiring from the board.
U.S. Consumer Confidence Worsens in June
U.S. consumer confidence unexpectedly declined in June, underscoring anxiety about the potential impacts on the economy and job market from higher U.S. import duties. The Conference Board’s gauge of confidence decreased 5.4 points to 93.
Wolverine Worldwide Appoints Sales Leader, Work Group
Jim O’Connor previously held executive roles at Timberland Pro, Shoes for Crews and Lands’ End. Wolverine’s Work Group includes Bates, Cat Footwear, Harley-Davidson Footwear, Hytest, Wolverine Boots & Apparel.
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