Sports/Fitness Financial

JD Sports Founder And Chairman Steps Down

JD Sports Founder And Chairman Steps Down

J.D. Sports Fashion Plc announced that due to an ongoing review of its internal governance and controls, it is accelerating the separation of the roles of chair and CEO. As a result, Peter Cowgill, executive chairman, will step down effective immediately. (Read More)

Adidas Revamps Portland Headquarters

Adidas Revamps Portland Headquarters

Adidas unveiled its upgraded and expanded Adidas North America HQ in Portland, OR. Since the start of the project in 2018, nearly 220,000 square feet has been added, including three new buildings, a new gym, new cafes, additional parking and a sustainable soccer pitch. (Read More)

Omorpho Closes $6 Million Investment

Omorpho, the micro-weighted Gravity Sportswear collection, closed a $6 million seed funding round at a $26 million valuation. The investment was led by KB Partners with participation from Greenchain Capital and Madison Square Garden Sports Corp. (MSG Sports). (Read More)

Nautilus Sales Fell 41 Percent In Fiscal Fourth Quarter

Nautilus Sales Fell 41 Percent In Fiscal Fourth Quarter

Nautilus Inc. reported sales were down 41.9 percent in the fourth quarter ended March 31. Sales grew 28 percent versus the fourth quarter of 2020 or 41 percent excluding the sold Octane business. The company lost money in the quarter but expects to achieve positive adjusted EBITDA for the second half of the current fiscal year. (Read More)

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