On the fourth day of the college basketball corruption trial, the father of an elite basketball recruit testified that before his son committed to Louisville, a family friend told him four other schools, Arizona, Creighton, Oklahoma State and Texas, offered competing bids. Brian Bowen Sr. also discussed details of pay-to-play payments from youth basketball teams.
Author: SGB Media
Overload Golf Ventures Acquires Henry-Griffitts
Overload Golf Ventures announced that the company has acquired Henry-Griffitts, a pioneer in club fitting and club fitting education.
Pyua Sold To Investment Firm
SPIN Capital, the Munich-based investment company, has acquired Pyua, the ski outerwear specialist based in Germany, according to ISPO. The acquisition comes after Spin Capital acquired ABS, the avalanche airbag leader, last fall.
New Balance Foundation Grants $30,000 To Travis Mills Veterans Retreat
New Balance Foundation, the charitable arm of New Balance Athletics, granted $30,000 to the Travis Mills Foundation to cover the operating costs for September 19-23 at the Travis Mills Retreat, a fully accessible facility for combat-injured veterans and their families.
Eastern Outfitters Recognized For Transaction Success
Eastern Outfitters LLC, the parent of Bob’s Stores and Eastern Mountain Sports that emerged from bankruptcy proceedings through a sale to Sports Direct, won the “Transaction of the Year – Mid-size Company” award from the Turnaround Management Association (TMA) for 2018.
Report: Puma Signs DeMarcus Cousins
Puma has signed DeMarcus Cousins of the Golden State Warriors as the company’s latest ambassador to support the company’s return to basketball, according to ESPN.
Nike ‘Deeply Concerned’ By Ronaldo Rape Allegations
Nike said Thursday the company was “deeply concerned” by rape allegations surrounding Cristiano Ronaldo.
United Airlines Waives Surfboard Fees In California
To celebrate California recently naming surfing as the state’s official sport, United Airlines said the company is removing the service fees for surfboards for customers traveling to or from California.
OBIT: Granite Gear’s Mike Cruikshank
Granite Gear, Northern Minnesota-based backpack manufacturer, announced the passing of former company partner Mike Cruikshank. With Cruikshank’s talents and determinations, the company was able to grow to become an international force in the outdoor industry.
Bedgear Forms Multi-Year Partnership With NYC Marathon
Bedgear announced a multi-year partnership as the Official Pillow and Mattress Partner of the TCS New York City Marathon, starting with the company’s return to this year’s race taking place on Sunday, November 4, 2018.
RYU Apparel Announces Approval For Warrant Repricing
RYU Apparel Inc., maker of urban athletic apparel, said the company has received acceptance from the TSX Venture Exchange (TSXV) to decrease the exercise price of a total of 114,186,456 warrants that were issued in private placement unit offerings on December 4, 2017.
ICSC Predicts Robust Holiday Retail Spending
ICSC forecasts that shoppers will spend $807 billion, an increase of 4.5 percent over last year, with $685 billion being spent on gifts and other holiday items and $122 billion on food and beverage.
NRF Forecasts Holiday Sales Will Expand Between 4.3 Percent And 4.8 Percent
The National Retail Federation announced that the federation expects holiday retail sales in November and December to increase between 4.3 and 4.8 percent over 2017. The forecast compares with an average annual increase of 3.9 percent over the past five years.
Conservation Alliance Stewardship Event Draws 110 Outdoor Industry Volunteers
More than 110 volunteers from 12 Conservation Alliance member companies participated in the organization’s 11th Annual Backyard Collective stewardship event near Boulder, CO, on Friday, September 28.
Flowfold Finalizes Acquisition Of New Headquarters
Portland, ME-based outdoor and lifestyle brand Flowfold has announced the acquisition of a 7,500-square-foot, multi-tenant industrial building in Gorham, ME.
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