Garmont International Secures New Investor

Garmont International, based in Treviso, Italy, announced that Italian Strategy Private Equity (ISPE), managed by Riello Investimenti Partners Sgr Spa, has entered into the share capital of the company with a 65 percent stake in its shares. Of the remaining 35 percent, Pierangelo Bressan, current president and CEO, holds 30 percent and will continue in his present role.

Crocs To Offer $300 Million Of 8-year Bonds

Crocs Inc. said Monday it has launched an offering of $300 million of 8-year bonds, with proceeds to be used to repay up to $180 million of a revolving credit facility and for general corporate purposes.

Hibbett Sports Fourth Quarter Earnings Surge

Profits at Hibbett Sports Inc. catapulted 168 percent in the fourth quarter ended January 30 as same-store sales ran up 21.9 percent. Mike Longo, president and chief executive officer, said in a statement, “The strong momentum that we experienced in our business in the second and third quarters continued in the fourth quarter.”

Reebok Appoints VP Of Apparel

Reebok announced the appointment of Portia Blunt to vice president, apparel. Blunt most recently served as director of apparel operations at New Balance.

USA Cycling Hires Chief Marketing Officer

USA Cycling has named Matt Heitmann as chief marketing officer overseeing marketing and membership. Heitmann joins the organization after leading marketing efforts of multiple industry organizations, including The Pro’s Closet, Canyon and BMC.