Küat Innovations, Inc., a Springfield, MO-based maker of Küat Racks, has added a second distribution facility in Gardena, CA.
Author: SGB Media
Arena Innovation Secures $5.2M In Funding
Connected fitness company Arena Innovation Corp. announced that it has secured $5.2 million in seed financing to support the launch of its strength training product. Several notable sports, fitness, and technology investors participated in the funding round, including major contributions from Courtside Ventures, Powerhouse Capital, and Wellness Holding, the investment office of the founders of Technogym
Belk Announces Promotions Within Senior Leadership Team, Including New CEO
Belk announced several promotions within the company’s senior leadership, most notably the promotion of Nir Patel to CEO. Lisa Harper, who served as Belk’s CEO dating back to July 2016, has transitioned to Executive Chair of the Belk Board of Directors.
The Ironman Group Appoints Chief Digital Officer
The Ironman Group announced the addition of Roshanie Ross as the company’s new chief digital officer.
Hoyt Archery Appoints President
Hoyt Archery announced that Zak Kurtzhals has been named the new company president. Currently Hoyt’s VP of operations, Kurtzhals will succeed Randy Walk, effective July 19.
Authentic Brands Group Files For IPO
Authentic Brands, which owns a number of fashion and sports brands, filed for an initial public offering.
Wahoo Fitness Secures Investment
Rhône, a private equity firm, announced an agreement to make a significant equity investment in Wahoo Fitness, the technology start-up for indoor cycling and endurance training. As part of this transaction, Wahoo founder and Chairman Chip Hawkins and the company’s management team, including Chief Executive Officer Mike Saturnia, will make significant reinvestments alongside Rhône.
Skylotec Acquires Climbing Technology
Skylotec, based in Neuwied, Germany, has acquired Climbing Technology, a European manufacturer of carabiners.
Infinited Fiber Co. Raises €30 Million
Finnish circular fashion and textile technology group Infinited Fiber Co. has secured investments totaling €30 million in its latest financing round completed on June 30. The round also brought Infinited Fiber new investors, Adidas, Invest FWD A/S, which is Bestseller’s investment arm for sustainable fashion and investment company Security Trading Oy.
Norrøna Goes Ultralight For Spring 2022
Norrøna announced new all-season offerings for its Spring 2022 collection. The falketind collection, designed for mountaineering and hiking in variable weather conditions, received upgrades with the introduction of the “lightest, most packable waterproof and breathable jacket and pant in the brand’s history—the falketind Gore-Tex Paclite Jacket and Pant.” Also new are the falketind Aero60 Hood […]
Vasque Introduces New Core Hiking Styles For SS22
Vasque footwear introduced two new styles for SS22 — Torre AT GTX and Torre XT GTX. To date, the Torre is the brand’s “most technical, innovative hiking boot family.” “We’re proud to introduce the all-new Torre Family into our line,” said Bryce Wernsman, president, Vasque Footwear. “The Torre Family is built to meet the demands […]
Waterman’s To Host In Person Event
The Waterman’s gala returns for an in-person event scheduled for August 14, 2021, at The Ranch at Laguna Beach. The Surf Industry Manufacturers Association (SIMA) will honor four-time world champion and 2021 Olympian Carissa Moore as Waterman of the Year; musician, artist and ocean environmental brothers Ben, Joel and Peter Harper as Environmentalists of the […]
Phil Knight Donates Another $500 Million To The University Of Oregon
Nike’s Co-founder Phil Knight and his wife Penny have given a second $500 million donation to his alma mater, The University of Oregon. The donation will help the University launch the second phase of the Phil and Penny Knight Campus for Accelerating Scientific Impact.
RPM Training Closes Series A Funding Round
Active lifestyle brand RPM Training Co. announced the closure of a Series A funding round led by Partnership Capital Growth (PCG) and KC/LLC. Cambridge SPG, FitLab, and Mana Ventures also participated in the round.
Logo Brands Partners With University Of South Carolina
Logo Brands Inc. has entered into an exclusive five-year licensing agreement with the University of South Carolina.
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