SGB Update

Cocona Labs Finalizes China WFOE Incorporation

The company is now a wholly foreign-owned enterprise (WFOE) in Shanghai, China. With a growing percentage of Cocona’s yearly revenue attributed to Chinese brand customers, the market is a “critical component for success.”

Paka Opens Flagship in Peru

Paka Apparel, maker of sustainable clothing using fully traceable alpaca wool from wild-roaming alpaca in Peru, opened its first store in Cusco, Peru.

Burris Optics Appoints New General Manager

Burris Optics, headquartered in Greeley, CO and part of Beretta Holding S.A., the Italian industrial group, hired Bruno Beccaria as U.S. general manager.

Yeti Opens Store In Kansas City

Yeti opened a store in Leawood, KS, a suburban community in the Kansas City metro area. The location is Yeti’s first in Kansas and 21st overall in the U.S.

Revolve To Open First Permanent Store In Aspen

The store opening “supports Revolve’s broader strategy to blend online and offline shopping, giving customers more touchpoints” and follows the company’s “successful” pop-up shop the company opened in the same location in December 2023.

Ammo’s Losses Steepen On Sales Declines

Ammo, Inc., the owner of GunBroker.com, reported sales fell 7.5 percent in the fourth quarter and 24.2 percent in the fiscal year ended March 31 with losses widening in both periods. 

Golden Goose Aims for $2 Billion Valuation in IPO

The Italian-based luxury sneaker maker owned by private equity firm Permira, is aiming at a market capitalization of up to €1.86 billion ($2 billion) in its upcoming initial public offering (IPO) on the Milan bourse.

Coghlan’s Snaps Up Fozzils

The integration of Fozzils’ products into Coghlan’s, maker of camping accessories, will begin immediately, with plans to introduce Coghlan’s branded products by Fall 2024.

Momentec Brands Names Chairman, CFO and SVP of Product Development

Formed out of the merger of Augusta Sportswear Brands and Founder Sport Group, Momentec Brands appointed David Baxter as chairman, Mike Moore as chief financial officer, and Joel Bennink as SVP of product development. Most recently, Baxter was the president of Under Armour for the Americas Region. Bennink spent 13 years at Under Armour, where he led the growth and development across Team, Golf and Curry-branded apparel.

Crunch Fitness Opens in Kansas

Fitness Ventures LLC, a growing Crunch franchise, operating in over 25 states, owns Crunch Fitness Shawnee, KS.