The Lycra Company announced that a group of financial institutions, comprising Lindeman Asia, Lindeman Partners Asset Management, Tor Investment Management, and China Everbright Limited ("New Shareholders"), have gained complete equity control of the company. (Read More)
The NHL, Fanatics and Mitchell & Ness announced an agreement giving Mitchell & Ness official rights to create apparel and accessories for the NHL and its 32 teams. (Read More)
Resale exchange platform StockX confirmed Wednesday that it has laid off eight percent of its workforce, citing the impact of "macroeconomic challenges" on its web-based shoe resale business. (Read More)
Puma and AC Milan announced a long-term extension of their partnership, which was first established in 2018. (Read More)
Inov-8, headquartered in the UK’s Lake District, known for its all-terrain footwear, apparel... (Read More)
WizWheelz, the parent company of TerraTrike and GreenSpeed, acquired Coyne Publishing, LLC, on June 24, 2022. The deal includes the Recumbent Cycle-Con (RCC) show (Read More)
Moody's Investors Service upgraded the debt ratings of Fitness International, LLC, the parent of LA Fitness, Esporta Fitness and City Sports Club. (Read More)
Running USA member representatives approved the election of five board members to three-year director terms, which begin July 1, 2022, and conclude June 30, 2025. (Read More)
Ammo, Inc., the owner of GunBroker.com, reported net revenues increased 285 percent in its fiscal year ended March 31, to $240.3 million. (Read More)
Wall Street analysts across the board reduced their price targets and go-forward EPS estimates on Nike, Inc. after the sportswear giant guided FY23 EPS below analyst targets as significant markdowns are expected over the next two quarters to recalibrate China’s bloated inventory levels. Most analysts still kept favorable ratings on Nike's stock. (Read More)
Stio, the mountain lifestyle brand headquartered in Jackson Hole, WY, has hired Margaret Eder as product line director and Eryn Gregory as product design and development director. (Read More)
TriDot, a division of Predictive Fitness, Inc., and Mark Allen, the six-time Ironman Triathlon World Champion, announced a partnership to create the TriDot Mark Allen Edition coaching platform for triathletes. (Read More)
HSBC Bank USA and PVH Corp. announced the launch of its sustainable supply chain finance program tied to environmental and social objectives and based on a suppliers sustainability ratings. (Read More)
24 Hour Fitness announced that Karl Sanft was appointed president and chief executive officer. Sanft has served as the company's chief operating officer for the past three years. (Read More)
Puma signed a 15-year lease for one million square feet of warehouse space in Glendale, AZ, outside of Phoenix, (Read More)
PHIT America added Rita Mort, founding partner at Core Sports & Entertainment and Game Changers Worldwide, to its board. (Read More)
Kanbrick announced it had acquired Marine Concepts, a provider of custom boat cover systems. (Read More)
Strive is the online fitness platform that optimizes muscle performance for elite athletes and teams through proprietary algorithms and sensors, announced it closed $6 million in Series A funding. (Read More)
Move-to-earn startup Fitmint raised seed funding of $1.6 million led by venture capital firm General Catalyst, with participation from iSeed, Kearny Jackson, Dweb3, and 1947 Rise, among others. (Read More)
Arccos Golf has entered into an exclusive partnership with Performance Brands Australia (PBA) to distribute its golf tech products throughout Australia and New Zealand. (Read More)