SGB Executive

EXEC: New Balance Eyes $10B in 2026 as Revenues Surge 19 Percent in 2025

New Balance reported sales grew 19 percent in 2025 to $9.2 billion, marking the fifth consecutive year of double-digit growth and putting the brand on track to reach $10 billion in annual sales in 2026. Joe Preston, president and CEO, said sales in the North American region grew by more than 20 percent in 2025, while Europe climbed over 30 percent.

EXEC: KKR Loses Billions in Accell Group’s Debt Restructuring

Netherlands-based Accell Group announced a restructuring that will see its equity holders, led by U.S. private-equity giant Kohlberg Kravis Roberts & Co. (KKR), hand over their shares to senior lenders in exchange for new funding and a substantial debt reduction.

EXEC: Bont Cycling Promotes Alex Malone to CEO

Malone officially steps into the position, having led the cycling footwear maker over the past eight months, previously serving as the company’s global marketing manager. 

EXEC: Jefferies Analyst Bullish On Nike ACG Relaunch

Randy Konik, an analyst at Jefferies, issued a note touting the potential of Nike’s relaunch of ACG as a standalone outdoor-performance brand amid strong underlying demand for outdoor sportswear. He wrote, “This is a smart, potentially material move.”

EXEC: Footasylum CEO Departs

Footasylum CEO David Pujolar has left the UK-based retailer. No reason reported. Stephan Rahmede, senior representative for Aurelius WaterRise, the in-house operations advisory team for Aurelius Group, and the owner of Footasylum, will take over in an interim capacity.

EXEC: Polygiene Sales Slide on Order Delays

Polygiene Group reported sales declined 17.7 percent in the fourth quarter and 6.6 percent for the year. The Swedish maker of antimicrobial fabric treatments said the results continue to reflect market uncertainties that are causing project delays but also indicated that sales are recovering.

EXEC: Asics Corp. Completes Strong 2025 on the Back of Lifestyle Categories

The company saw all categories and regions post increases for the year, but that momentum was not necessarily balanced across the portfolio, either from a sales trend, sales contribution, or profit contribution basis. SportStyle and Onitsuka Tiger each posted growth exceeding 43 percent for the year.

EXEC: Nike CEO Heralds ACG’s Outdoor Opportunity at Milano Cortina Olympics

In a televised interview with Bloomberg in Milan at the Winter Olympics, Nike President and CEO Elliott Hill hyped Nike’s rediscovered potential in the outdoor category through the relaunch of ACG (All Conditions Gear), eyeing major growth opportunities beyond the brand’s focus on trail running.