SGB Sports & Fitness

Delta Apparel Settles with Activist Investor

Delta Apparel, Inc. agreed to appoint Timothy Brog as a new independent director to its board in a move that avoids a proxy battle with Forager Capital Management, an Alabama-based hedge fund management firm. 

PrimaLoft Promotes Cavassa to CEO, Joyce to Retire

Compass Diversified appointed Anne Cavassa as CEO of its subsidiary, PrimaLoft Inc., effective January 1, 2024. This move follows Cavassa’s recent appointment as president and as former president and CEO, Mike Joyce, steps into retirement at year end.

Peloton Appoints New Board Member

Peloton announced the appointment of Chris Bruzzo, formerly a top executive at Electronic Arts, to its board of directors. Current Board member Jonathan Mildenhall will simultaneously step down from the board to focus on his expanding professional responsibilities.

SFIA names Chief Operating Officer 

The Sports & Fitness Industry Association hired Glenn Horine as chief operating officer, effective January 1, 2024, reporting to SFIA president and CEO Tom Cove. 

Asics Sells Haglöfs to PE Firm

Asics reported that it sold Swedish outdoor brand Haglöfs AB to the Hong Kong fund LionRock Capital, which acquired 100 percent interest in the company. Terms were not disclosed.

Boxto Adds Seven Indie Golf Sales Reps Across U.S.

The manufacturer of leather golf shoes and belts in Leon, Mexico, said in a release “that all of the new reps have decades of industry experience and deep connections with buyers ranging from green grass shops to big box retailers.”

EXEC: Former Giants Star Carl Banks Plots Starter’s Comeback for G-III Sports

Starter, the U.S. apparel manufacturer whose satin jacket was once a fixture in the 1990s on pro team sidelines and music videos, is readying a large-scale comeback with the help of nostalgia, on-trend product and expanded rights with major league teams. Carl Banks, president of G-III Sports, talked with SGB Executive about the brand’s resurgence.