SGB Executive Apparel
EXEC: Callaway Unloads Topgolf at $1.1 Billion Valuation
Topgolf Callaway Brands sold the majority of the Topgolf business to Leonard Green & Partners L.P. at a steep discount from what the company had paid for it. Some analysts saw the move as helping to simplify the business and allowing management to concentrate on its core golf equipment platform, but others wanted Callaway to sell the entire Topgolf stake.
EXEC: Amer Sports Continues to Lean Heavily on Asia Growth and DTC to Deliver the Big Numbers
The parent company of Arc’teryx, Peak Performance, Salomon, Atomic, and Wilson Sports, reported that strong momentum continued in the 2025 third quarter, led by exceptional Salomon footwear growth, a re-acceleration int the Arc’teryx omni-comp rate, and solid growth from Wilson Tennis 360. All trends were led by Asia growth.
EXEC: Analysts Generally Positive on Under Armour’s Split from Steph Curry
While some analysts view Under Armour as facing reputational risk from its decision to end its partnership with four-time NBA champion Steph Curry, most believe the move will favorably reduce its exposure to the flagging footwear category and help the brand refocus on its core apparel business.
EXEC: Patagonia Publishes Fiscal 2025 Sales Figures, Spot Checks Business Against Key Goals
According to Patagonia’s first Impact Report, “Work in Progress Report 2025”, Patagonia had sales of $1.47 billion in its fiscal year ended April 1, 2025, with 61 percent of sales sold in the U.S. versus 39 percent internationally.
EXEC: Nike Earns Stock Upgrade from Wells Fargo on Improving Visibility
Wells Fargo upgraded its rating on Nike to “Overweight” from “Equal weight” and its price target to $75 from $60. Wells Fargo analyst Ike Boruchow cited reduced headwinds from Classics footwear franchises (Air Force 1, Air Jordan and Dunk) and an uptick in growth in non-Classic footwear styles as part of the reason for the upgrade.
EXEC: Berghaus Parent Outlines British Outdoor Brand’s Expansion to North America
Shane Wallace, Pentland Brands’ North American VP of Portfolio Brands, recently talked with SGB Executive about the Berghaus brand’s North America retail debut through REI, Canada’s Altitude Sports, JD Sports, Hatchet Outdoor Supply Co., and other limited distribution points.
EXEC: Asics Lifts FY EPS Outlook After Robust Q3 Results; North America Profitability Jumps
Asics Corp. raised its earnings forecast for the year after reporting earnings in the third quarter jumped 44.0 percent on a 21.3 percent sales gain, driven by SportStyle and Onitsuka Tiger categories. Operating profits in the Americas region increased by 28.2 percent, driven by 5.7 percent sales growth.
EXEC: The BasicNet Group Adds Woolrich to Brand Family in €40 Million Acquisition
The operation involves the acquisition through a company wholly owned by BasicNet, of the rights to the Woolrich brand for Europe and of 100 percent of Woolrich Europe SpA, the company that handles its distribution and retail. Revenues for the 2025 financial year are forecast be ~€90 million and total Enterprise Value is set at €90 million.
EXEC: Resale Momentum Builds as Consumers Seek Value
Several recent reports from Boston Consulting Group, ThredUp and The RealReal show that the shift toward resale is accelerating as consumers prioritize affordability.
EXEC: Goldwin’s Q2 Boosted by The North Face Recovery
Goldwin, which owns the rights to The North Face in Japan and Korea, reported strong improvements in operating earnings for the second quarter and six months, boosted by a pickup in sales from The North Face. The North Face’s apparel sales grew 2.9 percent while gear sales advanced 8.1 percent.
EXEC: Ames Watson’s Lawrence Berger Talks the Lids Turnaround
Lawrence Berger, co-founder of Ames Watson, explains how the private-equity firm has helped reinvent and revive the Lids fan chain with a focus on exclusivity, customization, and cultural relevance.
EXEC: Macron’s Revenues Advance 8 Percent in Nine Months
The Italian sportswear brand reported that sales rose 8 percent to €188 million ($217 mm) in the first nine months of 2025. Sales in the U.S. rose from €3.8 million in the first nine months of 2024 to €9.9 million in the same period of 2025.
EXEC: Gorewear to Close After 40 Years
WL Gore & Associates is reporting that it will shut down the German cycling and running apparel brand Gorewear in 2026 after 40 years. The Gore-Tex waterproof fabrics business is unaffected.
EXEC: Mizuno’s Fiscal Q2 Sales Climb 7 Percent, Americas Sees Slight Decline Despite Golf Momentum
Japan-based sporting goods company Mizuno Corp. reported sales advanced 7.1 percent in the fiscal second quarter ended September 30 as gains in Japan, Europe and Asia offset a slight decline in the Americas region. The Americas region continued to show an uptick in profitability in the quarter, with sales expanding to reach record levels in the half, as robust golf sales offset softness in running and baseball.
EXEC: Black Diamond’s President Talks NA Wholesale Momentum, Full-Price Focus, Q4 Caution
Black Diamond delivered “solid results” in the third quarter, marked by 16 percent growth in its North American wholesale business, led by apparel, and an uptick in margins. Company President Neil Fiske sees a “more cautious” outlook for the fourth quarter with promotions ticking up and conservative buying in the outdoor channel.
