Laka Receives Funding From Porsche Ventures
E-mobility insurance company Laka has secured funding from Porsche Ventures, bringing its Series A investment to $13.5 million.
Topgolf To Open In Des Moines
Topgolf Entertainment Group announced plans to open in Des Moines marking its first location in Iowa.
Xenith Adds Board Member
Xenith, the Detroit-based manufacturer of football helmets and football equipment, appointed Izell Reese, president and CEO of RCX Sports to its Board of Directors.
Nike To Fully Exit Russia
Nike plans to fully exit from Russia following its move three months ago to suspend operations there at the start of the Ukraine invasion, Nike said in an e-mailed statement to Reuters.
HanesBrands Announces Partnership With University Of Southern California
HanesBrands, the parent of Champion and Hanes, announced a new primary apparel partnership with the University of Southern California (USC).
JD Sports Outlines Plan To Improve Corporate Governance
J.D. Sports Fashion posted a record annual profit but warned that earnings would remain flat in the current financial year amid inflationary pressures. The retailer also laid out plans to overhaul its corporate governance structure and internal controls after a review led to the exit of long-time boss Peter Cowgill last month.
Blackcrows Names New Global Chief Commercial Officer
Blackcrows, the French freeskiing brand announced that Wanda Rozwadowska would join the company as Global Chief Commercial Officer.
Fanatics CEO Selling Ownership Stake In Philadelphia 76ers, New Jersey Devils
Fanatics CEO Michael Rubin announced plans to sell his 10 percent stake in Harris Blitzer Sports & Entertainment (HBSE), the parent company that owns the Philadelphia 76ers and New Jersey Devils. He cited a conflict of interest with Fanatics’ collectibles and planned sports betting operations.
KT Tape Names CEO
KT Tape announced that after a national executive search, the company’s board of directors has appointed Jessica Klodnicki as its new chief executive officer. Her past roles include stints at Skullcandy, Vista Outdoor and Mizuno.
Iowa’s Uptown Sporting Goods To Close
Uptown Sporting Goods in Carroll, IA is closing later this summer as its owners plan to retire, according to a report from Carroll Times Herald.
F45 Launches Corporate Partnership Program
F45 Training Holdings, Inc. announced the formal launch of its corporate partnership program. Through this program, companies can open an F45 studio inside their offices to offer F45 classes to their employees.
Crunch Fitness Celebrates Two Million Member Mark
Crunch Fitness marked the milestone of reaching two million members at the full-service fitness brand.
PeopleForBikes Ranks Best Places to Bike In The U.S.
For the sixth consecutive year, PeopleForBikes, in partnership with Trek Bicycle, published its ranking of the best cities in the U.S. to cycle. Of the 1,058 cities ranked, the top three for 2022 are Provincetown, MA; Davis, CA; and Fayette, MO.
Gymshark Appoints Marketing VP
Gymshark announced the appointment of Carly O’Brien to VP of marketing. She reports to Niran Chana, Gymshark’s president, International.
Nike Seeking To Move Into Smaller Space In Georgetown
Nike has submitted a proposal to the Old Georgetown Board to move to 3235 M Street NW in a space about one-third the size smaller than its flagship location at 3040 M Street NW.
