Beachbody Company Narrows Q1 Loss Despite Sharp Revenue Decline

The Beachbody Company, Inc. reported that total revenue in the first quarter fell 27.1 percent to $144.9 million compared to $198.9 million in the prior-year period. The company’s net loss narrowed considerably at $29.2 million compared to a net loss of $73.5 million in the prior-year period.

Stio Raises $20 Million In Growth Capital

Stio reported it raised $20 million in capital to support its Mountain Studio retail locations, future product category development and a pivot towards a more diversified omnichannel approach.

Marin Mountain Bikes Names U.S. Sales Chief

Marin Mountain Bikes, Inc., based in Petaluma, CA, hired John Georger as vice president of sales for the U.S. market, effective May 1, overseeing the brand’s outside sales reps and inside sales and customer support teams.

White Mountain Enters Legwear License

Women’s footwear brand, White Mountain, signed a new licensing agreement with Legwear Concepts to distribute legwear (socks and hosiery) for women, men and kids. The license agreement also includes the Cliffs by White Mountain sandal brand and is the first legwear license for White Mountain.

Winnebago Recalls 6,536 RVs

Winnebago reported a recall of 6,536 motorhomes following an investigation that confirmed a defect in the company’s Cummins-made generator or, more specifically, the fuel hose between the inline fuel filter and the Injection Pump Module.

Drive Shack’s CEO Departs

Drive Shack, Inc. reported that CEO Hana Khouri left the company, and a search is underway for a successor. Mike Compton, a seasoned executive working closely with the executive team for the past six months, was appointed as interim CEO.