The deal will see the British sportswear brand providing the club with player kits, training wear and athleisure for the men’s, women’s, wheelchair, and academy squads. Castori will launch its first range of products for the Leicester Tigers this August, ahead of the new season.
Category: Sports/Fitness
EXEC: Bain Study Sees Luxury Sector Facing Soft Second Half
Luxury consumption is expected to contract 2 percent to 5 percent for the year, according to a recent report from Bain & Company, across key luxury categories, as price fatigue and macroeconomic turbulence continue to weigh on consumers
Nike Board Member Plans to Retire from Board
Cathleen Benko, a former leader in Deloitte’s “Digital Giants” practice, plans to retire as a member of Nike’s Board of Directors, effective as of the company’s 2025 annual meeting of shareholders.
Fanatics Establishes Operations in the Middle East
The Middle East office in Doha, Qatar will serve as a hub for operations across the Fanatics enterprise and host members from various departments.
Fabletics Appoints President and Chief Marketing Officer
The operater over 100 stores, announced the expansion of Meera Bhatia’s role from chief operating officer to president and chief operating officer and the promotion of Carly Gomez to chief marketing officer.
Tom Brady Unveils Hall of Excellence at Fontainebleau Las Vegas
The first-of-its-kind museum features artifacts celebrating the moments, milestones, people, and plays in sports that have inspired generations. It officially opens to the public on Friday, June 20.
Crunch Fitness Franchise Appoints Chief Fitness Strategy Officer
Fitness Ventures, which owns/operates over 70 Crunch Fitness locations across 28 U.S. states, has promoted Bryan Thomas to chief fitness strategy officer (CFSO).
Report: Nike to Delay Launch of NikeSkims
Reuters is reporting that Nike’s launch of its planned NikeSkims activewear brand in the U.S. has been delayed as the two companies work to get the product right, according to a company spokesperson.
S&S Activewear’s Debt Outlook Lowered to Negative on Promotional Industry Softness
S&P Global Rating reduced its outlook on S&S Activewear to negative as the imprintable apparel distributor has underperformed the rating agency’s EBITDA and free operating cash flow (FOCF) expectations since the acquisition of Alphabroder in the second half of 2024, due largely to continued softness in the promotional products industry.
Life Time’s Debt Upgraded on Improved Performance
S&P Global Ratings upgraded Life Time Inc., citing the fitness club operator’s strong performance with healthy underlying demand and membership trends driving EBITDA growth and leverage reduction
Fleet Feet Franchise Opens Third Store in Central Texas
The store located in Leander marks the third store in Central Texas operated by franchise owner Mark King. He also operates stores in Georgetown and Round Rock, TX, respectively.
Tagmarshal Expands Commitment to European Market
As a sign of its commitment to the European market, Tagmarshal has expanded its base in Cork, Ireland, and opened a local office in Spain. Tagmarshal has also made its new online training available in Spanish and French, with Italian to follow soon.
EXEC: Nike Faces Needham Price Target Cut on Slow Recovery
Needham analysts trimmed their price target on Nike to $66 from $75 amid ongoing weakness in brand momentum and a slower-than-expected path to recovery. Needham’s Tom Nikic wrote, “NKE still faces headwinds from rationalizing over-supplied product franchises (Jordan, Dunk), brand heat still appears to be lukewarm, and they now have tariffs to contend with as well.”
Hibbett Launches Back-to-School App Tailored to Kids
Owned by parent company JD Sports, the retailer announced the launch of a new kids e-commerce site, kidshibbett.com, and an app dedicated to selling kids’ product carried by the retailer.
SportsVisio Secures $3.5M in Additional Funding via Multiple Sources
The developer of sports analytics software has raised its total capital to $9 million. The round includes continued support from existing investors Sapphire Sport, Hyperplane, and Sovereign’s Capital, as well as new additions from Mighty Capital, Sony Innovation Fund, Alumni Ventures, Waterstone Impact Fund, and strategic angels.
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