SGB Updates

LEKI Owner, Waltraud Lenhart, Passes Away

Apr 20, 2021SGB Updates

Waltraud Lenhart, owner and managing partner of LEKI, unexpectedly passed away after a short and serious illness. She was 64 years young. (Read More)

Delta Apparel Announces 12 percent Second Quarter Sales Growth

Apr 20, 2021SGB Updates

Delta Apparel expects net sales for its March quarter to be approximately $108 million, a 12 percent increase compared to prior year. The second quarter double-digit sales growth in both the Delta Group and Salt Life Group segment. (Read More)

Kohl’s Partners With Tommy Hilfiger

Apr 20, 2021SGB Updates

Kohl’s announced a new partnership to bring Tommy Hilfiger men’s sportswear to more than 600 stores across the U.S. and an expanded assortment on Kohls.com this fall. (Read More)

Nike Deal With Kobe Bryant Expires

Apr 20, 2021SGB Updates

The estate of Kobe Bryant did not renew the late basketball stars Nike deal this month as negotiations between the two sides fell apart. The news was first reported by Complex and later confirmed by Nike. (Read More)

Under Armour Downsizes Port Covington Headquarters Plan

Apr 20, 2021SGB Updates

Under Armour announced plans to redevelop its waterfront land in South Baltimore’s Port Covington as a global headquarters by 2025. Under Armour described the development as a “reimagine for a post-COVID environment” that will downsize its global corporate and Americas regional functions into one location with a hybrid office/home workplace model. (Read More)

Adidas To Sponsor Boston Marathon Through 2030

Apr 20, 2021SGB Updates

The Boston Athletic Association (B.A.A.) announced that the organization has extended its longstanding official sponsorship with Adidas through 2030. The announcement marks more than 40 years of partnership between the athletic organizations. (Read More)

Amer Sports’ Debt Ratings Outlook Raised On Potential Recovery

Apr 19, 2021SGB Updates

Moody's Investors Service changed to stable from negative the outlook on the debt ratings of Amer Sports Holding on its expectations that sales and earnings will recover this year after both declined in 2020 due to the pandemic. (Read More)

Three Execs Exit Shopify

Apr 19, 2021SGB Updates

Three of Shopify’s top executives are leaving the company — Brittany Forsyth, chief talent officer; Joe Frasca, chief legal officer; and Jean-Michel Lemieux, chief technology officer. All are veterans of the company and expected to exit in June 2021. (Read More)

Hickies Puts Itself Up For Sale

Apr 19, 2021SGB Updates

Hilco Streambank announced that it is seeking offers to acquire the assets associated with the Hickies, the maker of no-tie shoelaces. (Read More)

Boot Barn Appoints Board Member

Apr 19, 2021SGB Updates

Boot Barn Holdings Inc. announced that Chris Bruzzo, executive vice president, marketing, commercial, and positive play of Electronic Arts, has been appointed to its Board of Directors. (Read More)

LEKI Owner, Waltraud Lenhart, Passes Away

Delta Apparel Announces 12 percent Second Quarter Sales Growth

Kohl’s Partners With Tommy Hilfiger

Nike Deal With Kobe Bryant Expires

Under Armour Downsizes Port Covington Headquarters Plan

Adidas To Sponsor Boston Marathon Through 2030

Amer Sports’ Debt Ratings Outlook Raised On Potential Recovery

Three Execs Exit Shopify

Hickies Puts Itself Up For Sale

Boot Barn Appoints Board Member

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