SGB Update Apparel
Play it Again Sports Parent Sees Revenues and Profits Dip in 2024
Winmark Corporation reported that revenues for the year ended December 28, 2024, were $81.3 million, down from $83.2 million in 2023, impacting its decision in May 2021 to run off its leasing portfolio.
TSG Consumer Partners Appoints New Head of London Office
TSG’s past and present investments in the active lifestyle space include Backcountry, Corepower Yoga, Nuun, Revolve, Canyon Bicycles, and Planet Fitness. TSG has investment offices in San Francisco, New York and London.
Gildan Activewear Sets Executive Leadership Succession Through 2025
Chuck Ward, currently president of Sales, Marketing and Distribution and former GoldToeMoretz CFO, has been appointed to the newly created role of EVP and COO, effective March 1. EVP and Chief Financial and Administrative Officer Rhod Harries plans to retire on January 1, 2026 with Luca Barile, CFO of Sales, Marketing and Distribution, named his successor.
Soccer Post Management Acquires Majority Stake in Retailer
The group acquired a majority stake in Soccer Post from TZP Group with the financial backing of York Capital Management’s private equity group and soccer specific strategic investors.
Recall: AFTCO Youth Solitude Jackets with Drawstrings
American Fishing Tackle Company sold roughly 820 jackets online at aftco.com and fishing, camping and outdoor equipment stores nationwide. The drawstring in the hood of the recalled jackets could get caught on objects and cause death or serious injury to children due to a strangulation hazard.
Digital Brands Prices Secondary Public Offering of Common Stock
Before deducting the placement agent’s fees and other offering expenses, the gross proceeds from the offering are expected to be $7.5 million.
Steve Madden Board of Directors Approves Deal to Acquire Kurt Geiger
Steve Madden has entered into a definitive agreement to acquire UK-based Kurt Geiger from a group led by international private equity firm Cinven for an enterprise value of approximately £289 million in cash.
Perfect Moment Swings to Fiscal Q3 Net Loss as Sales Decline 8 Percent
Total net revenue declined 8 percent to $11.7 million from the prior-year Q3 quarter, said to be largely due to a decrease in collaboration revenue partially offset by an increase in retail net revenue.
BJ’s Wholesale Club to Open in Florida
The new club will open in Brooksville, FL, on February 21, 2025, including an on-site BJ’s Gas location opening on February 6. Club members who shop the store, save of up to 25 percent off grocery store prices.
Fleet Feet to Open Fourth Franchise Location in Arizona
Billy Preston is opening a new Fleet Feet franchise store in downtown Prescott, AZ, with easy access to over 500 miles of nearby trails and outdoor recreation year-round.
HanesBrands, Inc. Sets CEO Transition Plan; Bratspies Eyes Year-End Departure
Steve Bratspies will depart the CEO role at the end of 2025, or upon the appointment of his successor. Bratspies will step down from the Board of Directors concurrent with the end of his tenure as CEO.
Beyond Yoga Parent Levi Strauss Shuffles Leadership Team
Karyn Hillman, Jason Gowans, Harmit Singh, Gianluca Flore, Bernard Bedon, new to the Executive Leadership Team from Nike, and Liz O’Neill are part of LS&Co’s organizational change to streamline decision-making, drive operational excellence and align the company’s structure with its strategic priorities.
Hyosung TNC Hires U.S. Marketing Director to Drive Growth
Malvina Hoxha will direct the U.S. marketing team in promoting Hyosung TNC’s specialty fibers and fabrics to targeted brands and retailers. She will also manage joint development and promotional programs with key industry partners.
Bluestar Alliance Acquires Palm Angels to Expand Streetwear Stable
The acquisition follows the company’s September 2024 acquisition of Off-White from LVMH, and is said to underscore the company’s continued expansion into the high-end streetwear and luxury fashion sectors.
Recall: TravisMathew Women’s and Men’s Sweatshirts and Hoodies
This recall is in cooperation with the CPSC and involves roughly 59,450 women’s half-zip sweatshirts and women’s and men’s full-zip and no-zip hoodies for violation to meet federal flammability standards.
