SGB Update

Under Armour Undergoes Layoffs At Connected Fitness Segment

Under Armour is laying off about two dozen employees in its Connected Fitness segment, according to the Baltimore Sun. The affected employees are located primarily in Copenhagen, the home base of the social fitness app Endomondo.

Eastern Outfitters Looks To Close 48 Stores

Eastern Outfitters LLC, the parent of Eastern Mountain Sports and Bob’s Stores, won court approval for an expedited hearing on its plan to shutter 48 of its 86 stores.

GoPro Launches First Debt Offering

GoPro Inc., marking its first debt offering since going public nearly three years ago, plans to sell $150 million aggregate principal amount of convertible senior notes due 2022.

Reef Avoids Impairment Charge

VF Corp. said in its 10K filing that it performed an impairment analysis of Reef in the fourth quarter due to its recent weak performance but concluded that the flip flop brand’s goodwill and trademark were not impaired.

Payless Gains Court Approval Of First Day Motions

Payless received authorization on an interim basis from the Court to provide employee wages, healthcare coverage, and other benefits without interruption, and pay certain vendors and suppliers for all authorized goods and services.

Teva Partners With Hudson’s Bay

A nod to the adventurous pedigree of both brands, the Original Universal and Flip styles feature custom Hudson’s Bay Company signature stripe webbing straps, leather topsole and rubber outsoles for the versatile explorer.

UFC Gym To Open 10 Taiwan Locations

UFC Gym formed an exclusive partnership with Life Wellness International Development to open 10 locations throughout Taiwan.

Equinox Unveils First East Bay Club In Berkeley

Equinox’s fitness floors unite free weights and cardio equipment with functional training space, creating a setting where members can work out on their own, or with one of Equinox’s personal trainers.