SGB Executive Apparel
EXEC: Lululemon Founder Launches Proxy Fight Over Board Seats, New CEO Pick
Chip Wilson’s Board nominees include Marc Maurer, the former Co-CEO of On Holding, as well as the former CEO of Activision and a former chief marketing officer at ESPN. Wilson said the CEO selection must take place following significant Board changes.
EXEC: J-Long Group Posts Strong Fiscal H1 Growth on Strong Demand from Key Customers
The Hong Kong-based maker of reflective and non-reflective garment trims saw fiscal first-half revenue increase approximately 19.3 percent year-over-year to $22.7 million for the period ended September 30, 2025. Adjusted EBITDA was $3.9 million for the six months ended September 30, achieving 40.3 percent growth year-over-year.
EXEC: Apple CEO Doubles Stake in Nike, Inc.; NKE Shares Move Higher
NKE shares rose in low single-digits overnight on news that Apple CEO Tim Cook took advantage of the lower share price and jumped in with a ~$3 million purchase of NKE shares on Monday, December 22.
SGB 2025 Year In Review: Active Lifestyle M&A — Part Two
SGB Media presents a roundup of M&A action in the industry for the second half of 2025, including new deals struck or closed in the final days of 2025..
SGB 2025 Year In Review: Active Lifestyle M&A — Part One
While M&A activity in the active lifestyle space in 2025 was again dominated by smaller tuck-ins and medium-size acquisitions, Skechers, Foot Locker, Hanesbrands, OrthoLite, and Helly Hansen were among the major deals that were completed during the year. Here is a roundup of the industry’s M&A action for the first half of 2025.
EXEC: Textiss To Take Over Umbro France Footwear and Apparel License
Textiss, which has served as Umbro’s underwear and socks licensee in France for the past decade, will assume responsibility for the brand’s licence from the Royer Group, which has held the rights for the past 10 years.
Golden Goose Acquired by Chinese Fund HSG at €2.5 Valuation
Italian luxury sneaker maker Golden Goose reported that the Chinese private equity firm HSG, formerly Sequoia Capital China, has become a majority shareholder after buying a stake from current owner Permira.
EXEC: European Workwear Giant Strauss to Open U.S. HQ in Ohio
Engelbert Strauss Inc., the German workwear brand known as Strauss, plans to establish its U.S. headquarters in Columbus, OH. Founded over 75 years ago, Strauss’ line ranges from high-visibility jackets to protective gloves, work shoes, and safety caps.
EXEC: Nike Shares Fall Double Digits Overnight as Cautious Q3 Guide Spooks Investors
Nike, Inc. reported second-quarter results that ended November 30 and handily topped analyst targets, but the company also issued third-quarter guidance that was weaker than expected, as strength in North America is expected to be offset by weakness in China and Converse, as well as ongoing tariff headwinds.
EXEC: Compass Diversified Calls Out Primaloft and BOA Strength in Late Fiscal Q1 Report
Compass Diversified, which earlier this year suspended reporting its financial results due to major accounting irregularities and fraud discovered at its Lugano Diamonds subsidiary, reported financial results for the first quarter ended March 31, 2025 and plans to file reports for the second and third quarters of 2025 in the coming weeks.
EXEC: Activist Lululemon Shareholder Pushes CEO Candidate After Building $1B Stake
Activist investor Elliott Management has acquired a stake of over $1 billion in Lululemon Athletica. The firm is also working with Jane Nielsen, former CFO and COO at Ralph Lauren, and views her as a potential CEO candidate to replace current CEO Calvin McDonald.
EXEC: Footasylum Taps Apparel Group to Expand Presence in Gulf States Region
Apparel Group plans to open 40 Footasylum stores across the GCC region over the next five years. These new stores will be Footasylum’s first retail locations outside of the U.K.
EXEC: Parent of Fila and Titleist Brands Approves Misto Holdings Share Buyback Program
Misto Holdings, which owns and manages a collection of iconic brands, including Fila, Titleist, FootJoy, Scotty Cameron, Vokey Design, KJUS, and others, spanning the sportswear and golf equipment industries, said the share buyback program is the largest in company history.
EXEC: Hong Kong’s Lever Style Corp. Acquires Australia’s Active Apparel Group
Lever Style Corporation, a Hong Kong-based apparel manufacturer, has acquired Active Apparel Group (AAG), an Australian-based manufacturer of activewear, outerwear and swimwear.
EXEC: WHP Global Re-Launches Lotto Apparel in North America with New Partner
WHP Global, parent company of iconic Italian sports brand Lotto, has inked a new licensing partnership with Pure Cotton Global Group to design, manufacture, and distribute a lifestyle apparel line across the U.S. and Canada.
