Fairfax to Acquire Controlling Ownership of Peak Achievement Athletics

In 2017, Fairfax and Sagard purchased Peak, a portfolio of global brands, including Bauer, Cascade and Maverik. With its roots starting in Kitchener, Ontario, in 1927, Bauer Hockey manufactures hockey equipment and apparel. Cascade Lacrosse and Maverik Lacrosse manufacture lacrosse head protection and equipment.

Gymshark to Open Dubai Store

Gymshark announced plans to open a store in Dubai Mall in the United Arab Emirates (UAE), marking its third permanent store and its first location outside the United Kingdom.

Union Sees U.S. East Coast Port Strike Starting on Tuesday

The International Longshoremen’s Association (ILA) on Sunday announced plans for a widespread strike at all Atlantic and Gulf Coast ports, scheduled to begin at 12:01 am on Tuesday, October 1, 2024. The strike would involve 85,000 ILA members and impact ports from Maine to Texas.

Iconix Completes Acquisition of Salt Life in Bankruptcy Proceedings

Brand management company Iconix International Inc., in partnership with the Hilco Consumer-Retail Group (HCR), has completed its acquisition of the Salt Life apparel brand for $38.74 million after previous owner Delta Apparel Inc. filed Chapter 11 bankruptcy in late June. All 28 of Salt Life’s stores will close following the company’s bankruptcy sale as the brand’s new ownership transitions to a wholesale and e-commerce business model.

Authentic Appoints EVP, Head of Greater China

Authentic Brands Group hired Josh Perlman as EVP, head of Greater China. He brings more than 25 years of experience to the company, previously serving as the managing director at Tristate.

At Tristate, Perlman was instrumental in signing and building brands such as Jack Wolfskin, Fila, Nautica, Spyder and Reebok.