Moody’s Ratings changed its debt rating outlook on Life Time to positive from stable as the fitness club operator continues to reduce leverage through earnings growth and debt repayment. The change largely reflects Life Time’s proposed $1 billion senior secured first lien term loan due 2031.
Author: SGB Media
NRF Sees 2024 Holiday Selling Season Growth Lowest Since 2018
“Household finances are in good shape and an impetus for strong spending heading into the holiday season, though households will spend more cautiously.” – NRF Chief Economist Jack Kleinhenz.
Ironman Hires EVP of Global Partnerships
The Ironman Group added Yanni Andreopoulos, formerly at ABB FIA Formula E, as executive vice president of Global Partnerships.
Beyond Yoga Parent, Levi Strauss, Appoints Board Member
Levi Strauss & Co. announced today that its board of directors has elected Daniel Geballe as a board member, effective April 26, 2025. At that time, current member David Friedman will retire from the board.
B2B Inventory Marketplace Raises $40M in Funding Round
The private b2b marketplace for worldwide brands to sell surplus inventory to new buyers, raised $40 million in Series C funding led by L Catterton with participation from existing investors.
Newton Golf Expands Golf Shaft Distribution Into Japan
Newton Golf partnered with GDO, Japan’s largest e-commerce company, to distribute its Motion Shafts in 50 of the largest retail golf stores in Japan.
Life Time Group Sees Q3 Net Income Surge in Preliminary Report
Total third quarter revenue is estimated to be $693.2 million, an increase of 18.5 percent over the prior-year third quarter. Adjusted net income is estimated to be $56.3 million, an increase of 110.9 percent over the prior year quarter.
Barrett Firearms Appoints Director of U.S. Government Sales
The company said Fraser has over two decades of experience in strategic international collaborations, project management and defense operations, having served in the Australian Army and, most recently, the U.S. Army HQ G8 Branch.
Sig Sauer Opens New Arkansas Ammo Center to Serve U.S. Army Joint Program Needs
The facility adds 210,000 additional square feet of manufacturing space to the Sig Sauer Ammunition campus supporting the U.S. Army’s next-gen squad weapons and the 6.8 Hybrid Ammunition family of products.
Footasylum Appoints Chief Commercial Officer and Senior Buying Director
Former Under Armour executive Will Van Rensburg was appointed the company’s chief commercial officer and ex-Reebok product director Glen Wilkinson to senior buying director.
Bootdoc Hotronic Expands Team with New Hires
Jay Vasquez was hired as a sales and product manager, working collaboratively with company Sales Director Ryan Eittreim. Robert Jones joins the company’s customer service team.
SDS Imports Rebrands as SDS Arms
The manufacturer of firearms and accessories in Knoxville, TN, and an import partner of Tisas USA, MAC, Inglis, and Spandau Arms, has rebranded to SDS Arms to help grow its sales and reach in the U.S. firearms market.
MGE Wholesale Adds to Growing Sales Team
Beyond direct firearm industry involvement, Warchus has also served as a reserve patrolman and armorer with the Portage, IN, police department.
Winnebago Brand’s Towable RV Division Finds New Leader
Effective November 1, Don Clark, president of Grand Design RV, will be promoted to group president of the company’s Towable RVs division while continuing to lead the Grand Design RV brand. The company’s will remain separate to stay competitive.
TrueTimber Acquires Blizzard Buddy; Integrates Tech into Current Offerings
By joining with TrueTimber, Blizzard Buddy will have access to additional resources and a broader distribution network. The company said, “Customers can expect a seamless transition as TrueTimber and Blizzard Buddy integrate their operations.”
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