SGB Update

Moody’s Downgrades Academy’s Debt Ratings

Moody’s Investors Service downgraded its debt ratings for Academy Ltd. due to the “highly promotional environment” for athletic apparel and weak demand for firearms and ammunition.

Outdoor Research Partners With Locally

Visitors to the outdoor apparel brand’s website will be offered the option to purchase from retailers in their area who stock those items in their store.

Fabletics Expands Into Footwear

The brand co-founded by Kate Hudson will introduce 11 styles comprised of training shoes, slip-ons, booties, lifestyle sneakers and high tops for women.

Adidas Again Lands On Dow Jones Sustainability Index

For the 18th year in a row, Adidas has been included in the Dow Jones Sustainability Indices (DJSI), which evaluate the sustainability performance of the largest 2,500 companies listed in the Dow Jones Global Total Stock Market Index.

8fit Secures $10 Million In Funding

8fit, a health and fitness app, announced a total of $10 million in funding with the closing of a Series A round led by Creandum and Eight Roads Ventures.

i9 Sports Awards Naples, Florida Franchise

i9 Sports, the nation’s first and largest youth sports league franchise, welcomed Shawn Gillespie to the organization after awarding the Fort Myers’ resident a franchise territory in Naples, FL.

Rob Dyrdek Announces Venture Studio

The venture studio builds, invests in and advises an array of companies in categories ranging from luxury brands, sports entertainment, consumer products, and spirits to innovative technologies.