Pinarello Opens Flagship in Zurich
Bottega di Pinarello, at Bärengasse 10, is a kilometer from the Sechseläutenplatz, where each UCI Road World Championships race finishes. The store offers Pinarello’s full range of products.
EXEC: Sports Direct Parent Acquires Minority Stake in Online Retailer THG
Frasers Group, the parent of Sports Direct, agreed to buy a £10 million ($13 million) stake in THG, formerly The Hut Group. The fundraising will enable the online retailer to spin off its unprofitable tech unit, Ingenuity.
EXEC: Nike’s Stock Nets “Buy” Upgrade on Leadership Changes
Nike scored its first rating upgrade since news arrived of Elliot Hill’s appointment as CEO. Truist Securities’ Joe Civello believes Nike’s increasingly veteran-driven management team can revive the brand’s marketing and innovation, including better promoting Caitlin Clark, while continuing to repair wholesale relationships. Civello also cited selling direct on Amazon as a “game-changer” opportunity.
LeagueApps Secures Additional Equity Investment
Founded in 2010, LeagueApps powers youth and local sports organizations across eight team sports, pro leagues, and teams and supports engagement with parents and coaches.
Galfer Appoints New Global Marketing Director
Guillermo Font is a 20-plus-year marketing and brand development veteran who has worked across various sectors and countries, driving growth and innovation.
CNBC/NRF Retail Monitor Sees Consumers Pull Back Spending In September
Retail sales saw a slight month-over-month drop in September but consumers continued to spend more than last year as interest rates and inflation fell and employment rose, according to the CNBC/NRF Retail Monitor.
Niner Bikes Moves To New Location in Fort Collins
Niner Bikes, owned by parent company United Wheels, is leasing a new office space in Fort Collins, CO to support growth plans.
Reyhee Group Recalls Droyd Youth Bike Helmets
About 400 Droyd multi-purpose youth helmets have been recalled for failing to comply with the positional stability, retention system, impact, labeling, and certification requirements of the mandatory federal safety regulations for bike helmets, posing a risk of head injury.
Rebel Sport’s Parent Appoints Amazon Exec As Director
Super Retail Group, appointed Kate Burleigh, formerly a regional Amazon executive, as a non-executive director, effective November 11.
Reju Launches First Recycling Facility in Germany
Materials recycling company Reju, led by former Under Armour CEO Patrik Frisk, with offices in Europe and North America, has opened its Regeneration Hub in Frankfurt, Germany with expected deliveries to begin in 2025.
EXEC: Anta Sports Sees Fila’s China Retail Sales Turn Negative in Q3
The company is the largest shareholder of Arc’teryx, Wilson and Salomon parent Amer Sports, and also runs retail stores in China for the Anta brand, Fila, Descente, Kolon Sport, and Amer Sports.
Nike Moves Tom Peddie Back Into VP/GM of North America Role
Nike, Inc. announced that Tom Peddie will become vice president and general manager of the North America geography, effective October 21. He succeeds Scott Uzzell, who has decided to leave the company.
EXEC: Ten Takeaways from SFIA’s 2024 Team Sports Report
SFIA’s 2024 U.S. Trends in Team Sports Report included some concerning findings, including continued deterioration in Core participation, but overall had more positive findings than negative.
EXEC: Swedish Investment Firm Merges Five Companies into Single Sports/Active Entity
Storskogen companies Ullmax, JO Sport, Tennis fashion, Racketdoktorn and On Target have merged into the joint company ASHE, which now constitutes a leading Nordic distribution, sales and marketing partner within sports and active lifestyle.
Pickleball Kingdom to Open Club in Marlboro Township
As an avid pickleball player, committed to promoting the sport and engaging with the local community franchisee Ved Mishra is spearheading the club’s development.
