SGB Update

Shiekh Shoes Seeks Financing

Shiekh Shoes is seeking financing to avoid a bankruptcy filing, according to a report in Reuters. Owner Shiekh Ellahi blamed the urban chain’s struggles on online competition.

Maurice Sporting Goods Files For Bankruptcy, Pursues Sale

Maurice Sporting Goods Inc., one of North America’s largest distributors of outdoor sporting goods, announced that it has reached a definitive agreement to sell its assets to Middleton Partners. To facilitate the transaction, Maurice and its subsidiaries today filed voluntary petitions for reorganization under Chapter 11 of the U.S. Bankruptcy Code.

Academy Sports To Sponsor Texas Bowl

Academy Sports + Outdoors has signed a three-year deal to become the title sponsor the Texas Bowl, a collegiate postseason showdown between teams from the Big 12 and the Southeastern conferences.

Youth On Course Subsidizes Rounds of Golf For Juniors

Youth on Course – the non-profit providing young people with subsidized golf, college scholarships, caddie programs and paid internships – generated $115,485 last week during its annual online auction to support the nationally-expanding program to remove cost as a barrier to entry for potential lifetime golfers.

Adidas ‘Would Have Problem’ If FIFA Broke Law

Adidas, a primary sponsor of FIFA, “would have a problem” with the global soccer body if it was found to have broken the law by a U.S. investigation into bribery, Kasper Rorsted, Adidas CEO, told the German newspaper, Bild am Sonntag

Zeal Optics Launches Annual ‘Buy A Goggle, Plant A Tree’

Zeal Optics launched its annual “Buy A Goggle, Plant A Tree” program that will run November 17 through the month of December. For every pair of goggles sold online at zealoptics.com, at their Boulder flagship location and through retailers, Zeal Optics will work with the American Forests to plant a tree in the Rocky Mountain backcountry.

Brazil’s Centauro Files For IPO

Grupo SBF SA, owner of Brazilian sporting goods chain Centauro, has requested authorization from securities industry regulator CVM for an initial public offering.

RYU Apparel’s Sales Double In Q3

RYU Apparel Inc., the urban athletic brand based in Vancouver, reported sales of $745,226 in the third quarter ended September 30, up from $331,700 during the same period in 2016.