Moody’s maintained Foot Locker’s Ba1 corporate family rating after a periodic review. The rating agency noted the retailer’s “solid credit metrics and low level of funded debt, well-recognized brand names, meaningful scale, geographic diversification, and very good liquidity.”
Category: Sports/Fitness
Smart Mirror Startup Raises $36M
Mirror, which sells $1,495 full-length mirrors that double as interactive home gyms, is closing a funding round expected to reach $36 million, according to TechCrunch.
SoftBank Invests $300 Million In Brazil’s Gympass
Gympass, the Brazilian startup, has raised $300 million from SoftBank’s Vision Fund and SoftBank’s Latin America fund. Both funds will join existing investors General Atlantic, Atomico, and Valor Capital Group.
Varsity Spirit Partners With EZ FLEX Sport Mats
Varsity Spirit, the leader in cheer and dance educational camps, competitions and apparel, announced a new sponsor, EZ FLEX Sport Mats, an athletic mat manufacturer located in Fort Worth, TX.
CTA Announces CES 2020 Call For Speakers
The Consumer Technology Association (CTA) announced a Call for CES® 2020 Speakers, challenging the global technology industry to propose the best speakers from around the world for the CES stages.
USA Triathlon Signs AfterShokz As Headphone Partner
USA Triathlon announced a partnership with AfterShokz, the leading manufacturer of bone conduction headphone technology, as the organization’s official headphone.
Puma Plans Distribution Center In Indiana
Puma North America Inc. intends to spend at least $40 million to open a distribution center in Whitestown, IN, according to paperwork filed with Boone County.
Asics Renews Partnership With Live Nation
Asics said it will continue its multi-year partnership with Live Nation, the leading live entertainment company, as the exclusive footwear sponsor across select venues and festivals in the U.S. and Canada.
PVH Corp. Names Cheryl Abel-Hodges CEO Of Calvin Klein Inc.
PVH Corp. announced that Cheryl Abel-Hodges is the new chief executive officer of Calvin Klein.
Nike’s “Dream Crazier” Earns Best In AICP Show Honors
Nike’s “Dream Crazier” campaign out of Wieden + Kennedy and directed by Kim Gehrig of Somesuch was honored for Advertising Excellence/Single Commercial at the AICP Show, held by the Association of Independent Commercial Producers.
Nation’s Best Sports To Exhibit At Outdoor Retailer Summer Market
Nation’s Best Sports (NBS), the nation’s oldest and largest sporting goods buying group, announced that they will be exhibiting at the upcoming Outdoor Retailer Summer Market.
Under Armour Signs Lamar University
Lamar University athletics and Under Armour announced a new partnership agreement where Under Armour will become the official sports performance outfitter of the Cardinals beginning July 1, 2019.
Kathrine Switzer Memoir Optioned For Film
Kathrine Switzer, women’s running pioneer and sports activist, officially signed with Chastain Film Capital to option the screen rights to her best-selling memoir, Marathon Woman: Running the Race to Revolutionize Women’s Sports.
Report: Flywheel Sports Again Exploring Sale
Flywheel Sports, the boutique fitness studio operator, has been taken over by Kennedy Lewis Investment Management LLC, a New York-based investment firm, and is working with an advisor to explore a possible sale, according to a report from Bloomberg.
Nike Appoints Global Chief Digital Information Officer
Nike Inc. announced that Ratnakar Lavu will become the company’s first global chief digital information officer, effective June 17. Lavu most recently was the chief technology and information officer at Kohl’s,
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