SGB Update

Mike Dowse To Head USTA

Michael Dowse, president of Wilson Sporting Goods Co., has been named chief executive officer and executive director of the United States Tennis Association.

Callaway Golf Signs Stephen Curry

Three-time NBA champion and international superstar, Stephen Curry, has entered into a unique partnership with golf equipment manufacturer, Callaway Golf Company. 

Macy’s Inc. Commits To Going Fur-Free

Macy’s, Inc. announced that it will stop selling fur by the end of fiscal 2020. This includes all Macy’s and Bloomingdale’s private brands, as well as items sold from brand partners.

Saks-Owner To Go Private

Hudson’s Bay Company, which owns Saks Fifth Avenue, said its board of directors has accepted a revised offer from a group of majority shareholders led by executive chairman Richard Baker, bringing the retailer a step closer to going private.

Adidas’ Eric Liedtke To Exit At Year End

Adidas AG announced that Eric Liedtke, a 25-year Adidas veteran responsible for global brands, plans to exit the company at the close of the year. Liedtke was credited with guiding successful collaborations with global influencers such as Kanye West, Pharrell Williams and Beyoncé. Brian Grevy, CEO of Gant, will return as executive board member, responsible for global brands at the start of next year.

Cole Haan Submits Confidential IPO Paperwork

Cole Haan, acquired in 2013 by private equity firm Apax Partners from Nike Inc., has taken another step in its initial public offering progress. The company has confidentially submitted a draft registration statement on Form S-1 with the SEC relating to the proposed IPO of its common stock.

Goat Expands Into Luxury And Streetwear Apparel And Accessories

Goat, the global re-seller platform for style, announced its category expansion beyond sneakers. It has added apparel and accessories from emerging, contemporary and luxury brands to its platform in its drive to provide the broadest style offering in the world.

Acai Activewear Secures Funding

Acai Activewear, a U.K.-based clothing brand for the women’s outdoorwear market, raised £350,000 ($450,000) in funding. The round was led by Dow Schofield Watts Angels (DSW Angels).

New Balance Opens Kawhi’s Fun House Pop-Up

New Balance partnered with Shoe Palace opened a pop-up shop titled Kawhi’s Fun House that opened from October 18 to  20  at Shoe Palace’s Melrose Ave retail location in Los Angeles.