SGB Update

Performance Sports Group Confirms Reorganization Plan

Old PSG Wind-down Ltd., formerly Performance Sports Group Ltd., announced that the United States Bankruptcy Court for the District of Delaware has approved the first amended joint Chapter 11 plan of liquidation.

Tecnica Finds New Equity Partner

The Zanatta family and Italmobiliare have finalized the deal whereby Italmobiliare becomes a shareholder of Tecnica Group, the maker of outdoor footwear and ski equipment. The transaction, which is based on a €60 million financial commitment part regarding a capital increase and debenture loan for Tecnica and part related to the direct purchase of a stake from the Zanatta family, allows Italmobiliare to own 40 percent of Tecnica Group.

The Conservation Alliance Decries Arctic Refuge Drilling Bill

Said John Sterling, executive director of The Conservation Alliance, in a statement, “”Congress has once again ignored the will of the American people by voting to open our greatest national wildlife refuge to oil drilling.”

Finish Line Sees First Comp Gain In Four Quarters

The Finish Line Inc. reported a steep loss in the third quarter ended November 25 but it was better than guidance as the flagship Finish Line chain delivered its first comp gain in four quarters.

G3 Appoints Customer Service Manager

G3, the Vancouver-based manufacturer of premium backcountry ski and snowboard equipment, hired Steve Ingold as its customer service manager. G3 also retained the All Mountain Group, the sales agency, to help drive sales growth in the Mid-Atlantic and Northeastern U.S.

Topps Creates Global Sports & Entertainment Division

The Topps Company Inc., a creator of confectionery, sports cards and entertainment products, announced the combination of its North American and International Sports & Entertainment divisions into one Global Sports & Entertainment division. David Leiner, currently the general manager of North American Sports & Entertainment, has been appointed global general manager of the new, combined division.

Foot Locker And Jordan Roll Out Kawhi Leonard Campaign

Foot Locker and Jordan Brand announced the digital launch of their joint holiday campaign featuring NBA star Kawhi Leonard, with cameos by Leonard’s teammate LaMarcus Aldridge and rapper Nipsey Hussle. The spot, titled “Bold Like Kawhi” comedically highlights Leonard’s unexpected day in his new Air Jordan I OG High Gatorade sneakers.