SGB Sports & Fitness

SGB Update

PickleRage Appoints CEO

PickleRage has appointed Rich DeStasio as CEO to support its continued national expansion. Previously, DeStasio is reported to have helped drive the expansion efforts for a major Orangetheory Fitness franchisee.

Billabong Expands into Eyewear with L’Amy America

Under the agreement, L’Amy America will design, manufacture and distribute optical frames, fashion sunglasses, eyewear accessories, snow goggles, and motosport goggles in the U.S. and Canada for men, women and kids.

HFA Report: Gym Membership Climbs 5.6 Percent in 2025

The Health & Fitness Association (HFA) released its 2026 US Health & Fitness Consumer Report, showing that 81 million Americans belonged to a gym, studio, or other fitness facility in 2025, marking an all-time high and a 5.2 percent increase from 2024. The share of members who did not use their membership was 4.6 percent, an all-time low.

SGB Executive

EXEC: Tactical and Outdoor Rec Led Active Consumer M&A Activity Growth in 2025

Tactical Products M&A maintained its prior-year momentum, with deal volume increasing by 19 percent in 2025. Outdoor Recreation M&A volume saw its second consecutive year of expansion, rising 48 percent to 164 transactions. In Apparel & Footwear, M&A activity retracted nearly 14 percent year-over-year to 152 deals in 2025, the first decline since 2022.

EXEC: Former Exec Sues Adidas Over Alleged Gender Discrimination

Lindsay Gregg, who was Adidas’ head of women’s basketball sports marketing from January 2022 to February 2026, has filed a lawsuit against her former employer, charging she was fired for raising concerns about gender discrimination and the treatment of female athletes. She also charged Adidas with whistleblower retaliation.