SGB Outdoor

GT Bicycles Makes New Sales Hires; Promotes from Within

GT Bicycles named Kevin Noble as head of North American sales, Jeremiah Starkey, was hired to manage GT’s global sales and operations planning, Beny Huckaby runs point on customer service and warranty, and Cindy Balsitis was promoted to administrative manager.

MycoWorks Opens New South Carolina Factory

MycoWorks, a company developing a fungal-based biomaterial that it said could replace leather, began production at its new manufacturing facility in Union, SC. The  San Francisco-based biomaterials start-up said its now set to grow millions of square feet of its leather-alternative material produced with the company’s proprietary technology, Fine Mycelium.

EXEC: Nike Retains Top Spot as Most Valuable Global Apparel Brand

Nike ranked as the world’s most valuable apparel brand for the ninth consecutive year, according to Brand Finance’s 2023 Annual Apparel 50 Report.  Other brands in the active lifestyle space that made the Top 50 included Adidas, at #5; Lululemon, #16; Puma, #19; Anta, #26; Under Armour, #27; The North Face, #28; Moncler, #29; Skechers, #32; Fila, #34; Li Ning, #42; and New Balance, #50.

Garmin Completes Acquisition of JL Audio

Garmin, Ltd. completed the acquisition of JL Audio, a privately-held U.S. company that designs and manufactures audio solutions for marine, aftermarket automotive, powersports, home, and RV customers.