WellBiz Brands Appoints VP of Franchise Growth
WellBiz Brands, Inc., the franchisor of Drybar, Elements Massage, Fitness Together, Amazing Lash Studio and Radiant Waxing, appointedJohn Thuringer as vice president of franchise growth. Thuringer joins WellBiz Brands after 17 years with Purpose Brands, where he helped with the expansion of Anytime Fitness and Waxing the City.
Wolverine Worldwide Eliminates Active Group President Role, Susie Kuhn Departs
Wolverine World Wide, Inc. reported in a Monday regulatory filing with the SEC that it had eliminated the president position for the company’s Active Group, which includes the Merrell, Saucony, Sweaty Betty, and Chaco brands. As a result, Susie Kuhn, president of the segment since October 2024, has left the company.
EXEC: Oura Targets $15.62 Billion Valuation in U.S. IPO
Finnish smart ring maker Oura Inc. is targeting a fully diluted valuation of $15.62 billion in its U.S. initial public offering, according to an updated filing. The offering consists of 13.5 million shares offered by Oura and 36.5 million offered by certain of Oura’s existing stockholders.
New Balance Awarded Military Shoe Contract
New Balance has been awarded a major federal contract to produce athletic shoes for U.S. military service members, with the footwear set to be manufactured at the company’s facility in Skowhegan, ME.
On Brand Signs Kylian Mbappé to Signal Soccer Ambitions
The Real Madrid star officially ended his nearly 20-year partnership with Nike. Additionally, On named retired football legend Thierry Henry as its director of football after he worked behind the scenes on the project for months.
True Linkswear Secures Investment from Paramount Brands
The Pacific Northwest-based golf footwear company announced a strategic investment from Paramount Brands, the headwear and apparel manufacturer and parent of the Imperial, Pukka, Winston Collection, and J.T. Spencer brands.
Nike and Lululemon Settle Lawsuit Over Mirror Home Gym
Nike and Lululemon agreed to dismiss a lawsuit in which Nike accused Lululemon’s former Mirror home workout system of infringing its patents, according to a filing in Manhattan federal court.
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5.11, BOA and Primaloft’s Parent Sees Debt Ratings Affirmed Following Amended Credit Facility
S&P Global Ratings affirmed its credit rating on Compass Group Diversified Holdings LLC (CODI) following a recent amendment to its credit facility. The amendment extended the maturities of both its revolving commitments and term loans by six months, to January 2028.
Toys“R”Us Opening 120 Stores this Holiday
Toys “R” Us announced plans to open 120 stores in partnership with Go! Retail Group. The new stores expand the brand’s existing U.S. retail footprint, which includes 40 standalone stores and Toys”R”Us shops inside Macy’s stores nationwide.
EXEC: WFSGI Study Finds Sporting Goods Industry Delivers $675 Billion in Global GDP
Described as the “first-ever assessment of the sector’s economic footprint,” a study from the World Federation of the Sporting Goods Industry (WFSGI) finds the sporting goods industry contributes an estimated $675 billion to global GDP each year, or roughly 0.6 percent of world economic output, and supports 28 million jobs globally, or one in every 125 jobs on the planet.
Jordan Brand Launches Gym Equipment
Dimension 6 Fitness, which makes the Nike Strength fitness equipment line, has launched a Jordan Strength range. The collection, the first fitness equipment line under the Jordan name, includes dumbbells, kettlebells, barbells, a soft plyo box, adjustable bench and a half rack with integrated storage.
Report: Nike to Replace Adidas as University of Miami Outfitter
The University of Miami is reportedly entering a 10-year partnership with Nike in deal worth more than $200 million, or $20 million a year, ending a 12-year deal in place with Adidas, which expires in June 2027, that pays the university $6.5 million per year (not including apparel and footwear).
Nike, Inc. Appoints LVMH Exec and Arnault Scion to Board of Directors
Alexandre Arnault has been appointed to the Nike, Inc. Board of Directors. Arnault is deputy CEO of Moët Hennessy, LVMH’s wines and spirits division, a role he’s held since February 2025.
EXEC: Amer Sports Raises Q3 Guidance Ahead of Investor Day
Ahead of an Investor Day being held of Thursday, Amer Sports, Inc. raised its guidance for earnings and sales for the third quarter while updating its long-term financial algorithm. Amer now expects third quarter year-over-year revenue growth of 20 – 22 percent versus the previous guidance range of 18 – 20 percent and adjusted operating margin to be slightly above the high-end of the previous guidance range…
