Fathead, best-known for the company’s officially licensed, life-size wall graphics of professional athletes and team logos, has entered into an agreement with sports-licensed merchandise distributor SP Images of Franklin, MA, to exclusively distribute the company’s Tradeable & Teammate brands in key retail channels across the country.
Author: SGB Media
Under Armour Returns As Austin Marathon Sponsor
High Five Events announced Under Armour Inc. has returned as the presenting sponsor of the Austin Marathon.
Zeal Optics Expands Marketing And Sales Departments
Nate Hrivnak moves from the marketing department at Zeal Optics to a new sales role in Northern California. Alex Aparicio joins the team as a new sales representative in the Tahoe territory.
Crosman Corp. Renames Holding Company As Velocity Outdoor
Crosman Corp., a subsidiary of Compass Diversified Holdings LLC, on Monday announced that the company’s board of directors has approved the holding company’s new name: Velocity Outdoor.
Salomon Appoints Lazzaroni To Lead Nordic Ski Business In The Americas
Salomon has appointed Robert Lazzaroni as Nordic regional commercial manager for the Americas, effective August 27. Lazzaroni, a 25-year industry veteran and most recently the nordic domestic program director for U.S. Ski & Snowboard, will direct Salomon’s nordic business in the United States, Canada and Latin America.
Cherokee Global Brands Announces Debt Refinancing
Cherokee Global Brands announced that on August 3, 2018, the company replaced the company’s former credit facility with a new $40 million three-year financing agreement with Gordon Brothers Finance Company and Gordon Brothers and new subordinated promissory notes with existing subordinated lenders.
Under Armour Appoints Mohamed El-Erian To Board
Under Armour Inc. announced that Mohamed A. El-Erian has joined the company’s board of directors, effective Oct. 1, 2018. Dr. El-Erian is the former CEO and co-chief investment officer of PIMCO, a role he held from 2007 to 2014, and currently serves as the chief economic advisor at Allianz, the corporate parent of PIMCO.
Divestitures Drop Newell Brands’ Q2 Revenue
Newell Brands on Monday announced revenue from continuing operations of $2.2 billion, down from $2.5 billion in the same quarter a year ago due to the completed divestitures of The Waddington Group and Rawlings Sporting Goods Co. Inc. and divestiture processes initiated on other assets.
Dick’s To Open in Raleigh
Dick’s Sporting Goods will open a new store in Raleigh, NC, in August.
Firearms Background Checks Slump In July
The July 2018 NSSF-adjusted National Instant Criminal Background Check System (NICS) figure of 821,260 represented a decrease of 9.5 percent compared to the July 2017 NSSF-adjusted NICS figure of 907,348.
Asics Profits Tumble In Six Months
Asics reported earnings fell 70.7 percent in the six months ended June 30 as sales slid 5.4 percent. In the American region, sales plunged 22.4 percent.
Randa Accessories Ups Bid For Perry Ellis
Perry Ellis International Inc said the company had received a revised buyout offer of $28.90 per share from Randa Accessories Leather Goods.
Peloton Raises $550M At A Valuation Of $4 billion
Peloton,, the in-home cycling and running studio specialist, announced a $550 million Series F financing round, capital that will enable the company to continue to innovate aggressively and to expand into more international markets. The round puts Peloton’s valuation at $4 billion in the company’s sixth year.
Clemson, Nike Announce New 10-Year Deal
Clemson Athletics and Nike reached an agreement for a 10-year, $58 million extension to their all-sport partnership.
Nike Declines To Renew Jameis Winston’s Contract
Nike has opted not to renew the company’s endorsement contract with Tampa Bay Buccaneers quarterback Jameis Winston, ESPN reported.
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