Teamworks, the athlete engagement platform for collegiate and professional organizations, announced it has raised $25 million in Series C funding led by Delta-v Capital.
Category: Sports/Fitness
Headspace Appoints CeCe Morken President And Chief Operating Officer
Headspace, a leading meditation and mindfulness app, announced that CeCe Morken has been appointed to the newly-created role of president and chief operating officer (COO), effective April 15.
Puma Reopens First Location In Wuhan, China
Puma has re-opened its store in Wuhan, China, the city where the coronavirus was first reported. The company plans to re-open its five other stores in the greater Wuhan region by mid-April.
TRX To Provide Professional Education Course Virtually For Free
TRX, the maker of functional training equipment and training content, announced its professional education course — TRX Suspension Training Course (STC) — will be available virtually, and free of charge, in response to the current global climate amid COVID-19.
HanesBrands Takes Actions to Navigate COVID-19 Pandemic
HanesBrands, the parent of Champion, announced that it is taking actions to navigate the global economic environment caused by the COVID-19 pandemic, including limiting discretionary spending, reducing executive pay, managing inventory, leveraging the company’s e-commerce business across the online channel, and diversifying production to include face masks.
Dick’s Sporting Goods Furloughing ‘Significant Number’ Of Employees
Dick’s Sporting Goods said it will furlough “a significant number” of employees at its stores, distribution centers and corporate headquarters starting Saturday “due to the uncertainty surrounding the length of its store closures.”
Hylete Announces Regulation A Offering.
Hylete, Inc., the fitness lifestyle brand based in Solana Beach, CA, announced a $12 million equity raise under a Regulation A Tier 2 offering. Hylete was founded in 2012 as a direct-to-consumer brand and had 2019 net revenues of over $12.5 million.
NBA Doesn’t See Decision On League Resumption Until At Least May
NBA Commissioner Adam Silver said Monday night that the decision on whether the league can resume won’t happen until May 1 at the earliest.
Report: MLB Potentially Playing All Games In Arizona
According to the Associated Press, Major League Baseball and the MLB Players Association have been discussing the idea of playing the 2020 season entirely in Arizona.
Report: Dick’s Moves To Reduce Or Stop Paying Rent
Dick’s Sporting Goods is sending letters to landlords indicating that will reduce or outright not pay rent due to the “unprecedented situation” created by the COVID-19 pandemic.
BSN Sports Steps-Up To Help Coaches And Athletic Directors
BSN Sports, a division of Varsity Brands, announced a series of initiatives to allow coaches and athletic directors across the country to remain connected to and engaged with their teams during the coronavirus outbreak and resulting school closures. The digital offerings are being offered free of charge.
PVH Completes Sale Of Speedo North America Business To Pentland Group
PVH Corp. completed the sale of its Speedo North America business to Pentland Group, the parent company of the Speedo brand, for $170 million in cash, subject to a working capital adjustment.
Nike Announces Additional Round Of COVID-19 Donations
Nike Inc. will provide an additional $1.6 million to help local organizations meet immediate needs, such as food assistance and medical care, in key cities and communities around the world where its employees live and work.
Survey Explores How COVID-19 Crisis Is Shaking Up Cities Hosting Major Sports Events
Global communications agency BCW (Burson Cohn & Wolfe) released results of a new survey focused on the impact of COVID-19 on cities hosting major sporting events. The key findings revealed that the current situation and disruption in the international sports event market by the COVID-19 virus will likely lead to significant strategic adjustments for many cities significantly involved in event hosting.
Acushnet Withdraws Guidance Due To Coronavirus Disruption
Acushnet Holdings Corp., the parent of Titleist, FootJoy and KJUS, said in a regulatory statement it has withdrawn its guidance for 2020 and increased borrowings under its credit facility due to the “unprecedented uncertainty” caused by the coronavirus pandemic.
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