Anta Sports Products, Ltd., the Chinese sports equipment corporation headquartered in Jinjiang, is reportedly holding preliminary talks with investment banks for an IPO of Amer Sports that could raise about U.S.$1 billion or more, according to Bloomberg.
Category: Sports/Fitness
TopGolf Callaway’s Debt Rating Outlook Upgraded
Moody’s Investors Service affirmed Topgolf Callaway Brands Corp.’s debt ratings and changed its outlook on the company to stable from negative due to improving results.
Academy Sports’ Q3 Comps Slide 7.2 Percent
Academy Sports and Outdoors, Inc. reported earnings on an adjusted basis declined slightly in the third quarter ended October 29 against difficult year-ago comparisons but topped Wall Street expectations. Same-store sales were down 7.2 percent with overall sales coming in below analyst targets. Sales were up 30.5 percent versus the pre-pandemic 2019 third quarter.
Cytech Acquires Pasasport
Italian manufacturer of arm pads and inserts for cycling clothing, Cytech, reported it acquired a majority of shares in Pasaport, a manufacturer of gloves and accessories.
Fanatics Reaches $31 Billion Valuation After $700 Million Investment Round
According to the Wall Street Journal, Fanatics, Inc. raised about $700 million from a group of investors, supporting a valuation of $31 billion.
Bioniq Acquires Vaha
Bioniq, the London-based provider of personalized healthcare supplements, reported it acquired Vaha, the German-based home fitness mirror brand.
SoulCycle Partners With ClassPass
ClassPass announced SoulCycle is bookable on the company’s ClassPass app.
Metabolism Tracker Lumen Raises $62 Million
Lumen, an Israeli med-tech company that manufactures a device to check metabolism, raised $62 million in a Series B funding led by Pitango Venture Capital.
3Step Sports Acquires North Pacific Juniors Volleyball Club
3Step Sports reported it acquired the North Pacific Juniors Volleyball Club (NPJ) to its volleyball organization as it expands into the Pacific Northwest.
Xponential Fitness Signs Master Franchise Agreement In Japan For Rumble And AKT
Xponential Fitness Inc. signed a Master Franchise Agreement in Japan for Rumble and AKT.
BSN Sports Acquires Delaware’s Unique Image
BSN Sports, a division of Varsity Brands, acquired Unique Image, LLC located in Wilmington, DE.
Sports Basement Opens Twelfth Store
Sports Basement reported it opened its newest store in Fountain Valley CA in the former Fry building. Sports Basement has eleven other locations in Northern California. The new store is the retailer’s first in Southern California.
Nike Ends Endorsement Deal With Kyrie Irving
Nike ended its endorsement deal with Brooklyn Nets star Kyrie Irving. The move comes a month after Irving shared a link on Twitter to a film containing antisemitic material.
Steve Rendle Retires As VF Corp.’s CEO
VF Corp. reported Chairman, President and CEO Steve Rendle is retiring. Benno Dorer, a lead independent director of the VF Board, was named interim president and CEO, effective immediately. VF also again lowered its revenue and earnings expectations for the second half of its fiscal year.
Rossignol Group Opens Multi-Brand Mountain Sports Store In Quebec
The Rossignol Group opened a Start Gate concept store in Bromont, Quebec. The multi-brand, multi-season store is managed in partnership with Sports Bromont, one of the Group’s regional retail partners.
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