SGB Update Apparel

Fairfax to Acquire Controlling Ownership of Peak Achievement Athletics
In 2017, Fairfax and Sagard purchased Peak, a portfolio of global brands, including Bauer, Cascade and Maverik. With its roots starting in Kitchener, Ontario, in 1927, Bauer Hockey manufactures hockey equipment and apparel. Cascade Lacrosse and Maverik Lacrosse manufacture lacrosse head protection and equipment.

Gymshark to Open Dubai Store
Gymshark announced plans to open a store in Dubai Mall in the United Arab Emirates (UAE), marking its third permanent store and its first location outside the United Kingdom.

Sports Direct Parent Makes Bid For Handbag Maker Mulberry
Frasers Group, the parent of Sports Direct, proposed an £83 million ($111 mm) offer to buy the luxury brand Mulberry.

Major League Soccer Selects Startups For Second MLS Innovation Lab
Major League Soccer (MLS) announced the six companies selected for the second cohort of the MLS Innovation Lab. This initiative aims to identify and nurture startups and advanced technologies supporting the future of sports and continued growth of the league.

Union Sees U.S. East Coast Port Strike Starting on Tuesday
The International Longshoremen’s Association (ILA) on Sunday announced plans for a widespread strike at all Atlantic and Gulf Coast ports, scheduled to begin at 12:01 am on Tuesday, October 1, 2024. The strike would involve 85,000 ILA members and impact ports from Maine to Texas.

Branded Bills To Move Into Bigger Headquarters in Tempe
Branded Bills signed a 96,407-square-foot lease for new headquarters in Tempe, AZ. The lease triples the size of the headwear and apparel maker’s headquarters to support its 40 percent year-over-year growth.

Saba Surf Opens Flagship in West Los Angeles
Saba Surf announced the grand opening of its first-ever flagship surf shop and cafe, located at 12912 Venice Blvd in West Los Angeles.

Solo Brands’ COO Departs
Solo Brands announced in a regulatory filing that Matthew Webb has decided to resign as chief operating officer.

Authentic Appoints EVP, Head of Greater China
Authentic Brands Group hired Josh Perlman as EVP, head of Greater China. He brings over 25 years of experience, previously managing director at Tristate, where he was “instrumental in signing and building brands including Jack Wolfskin, Fila, Nautica, Spyder, and Reebok.

Vail Resorts Pass Sales Kept 23/24 Lift Sales Positive; Fewer Visits Hurt Retail and Rentals
Fourth-quarter Resort Reported EBITDA declined from the prior year and expectations, primarily driven by underperformance in the Australian winter business. During Q4, snowfall at the company’s Australian resorts declined 28 percent from the prior year and was 44 percent below the ten-year average.

Vail Resorts to Cut 14 Percent of Corporate Workforce in Transformation Plan
After ten years of expansion, Vail Resorts has published a two-year Resource Efficiency Transformation Plan (Plan) to continue its rapid growth and global expansion.

Asics Global State of Mind Study: The Desk Break Experiment
Asics enlisted actor Brian Cox to take on the role of the world’s scariest boss to highlight the real threat to our mental health—the desk we work at every day. Asics Global Study found tour mental state starts to decline after only two hours of continuous desk-based working, but just 15 minutes of exercise can help to reverse the effects.

Puma Appoints Markus Neubrand as CFO
Neubrand replaces CFO Hubert Hinterseher, who has mutually agreed to step down, effective September 30, 2024, leaving on December 31, 2024, after successfully transitioning his duties to Neubrand.

Peak Performance Skiwear Hits the Starting Gate in U.S. Launch
The Scandinavia-based performance apparel brand owned by Amer Sports, launched this week in the U.S. Along with Arc’teryx, the outdoor and ski wear brand is part of Amer’s Technical Apparel segment.

Nordstrom to Open New Rack Store in Holbrook, NY
The 27,000-square-foot store will be located in The Shops at SunVet which includes a Starbucks and Whole Foods Market, owned and managed by Regency Centers.