SGB Update

RECALL: Folding Brompton Bicycles

About 8,400 folding Brompton bicycles are being recalled. The bicycle’s bottom bracket can break during use, posing a fall hazard.

From Our Family To Yours…

SportsOneSource wishes you and your families the gifts of the season — Peace, Joy, Hope. Merry Christmas.

U.S. Ski & Snowboard Designates Squaw Valley/Alpine Meadows As Official Training Site

U.S. Ski & Snowboard announced a five year agreement with Squaw Valley Alpine Meadows, designating the resort as an Official Training Site of the U.S. Ski & Snowboard Team. Squaw Valley Alpine Meadows joins Mammoth Mountain in California, Deer Valley in Utah, Copper Mountain in Colorado and Timberline Lodge in Oregon as one of only five official training sites across the country.

Chris Clawson Re-elected SFIA Chairman

New additions to the Board include: Mike Dowse (President; Wilson Sporting Goods), Jared Drinkwater (Chief Marketing Officer, BSN Sports), John Graham (President; Speedo USA), Fouzan Mansuri (Director and Category Leader for Sports & Fitness; Amazon), and Matt Stanton (Vice President; Global Public Policy; Under Armour, Inc.)

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.”