SGB Update

Trending: Fitness & Wellness Travel

Virtuoso, an international luxury travel network, is honing in on a growing niche dubbed wellness travel which encompasses “physical, mental and social well-being, as well as spiritual health,” said Albert Herrera, SVOP of Global Product Partnerships, Virtuoso.

USATF Signs Exclusive Nutrition Deal

USA Track & Field (USATF) signed nutrition company Garden of Life as an official sponsor, to exclusively provide protein bard, powder, shakes and probiotic products to athletes.

Crocs Q2 Sales Slide 6 Percent

Crocs Inc. reported sales slumped 6.3 percent in the second quarter to $323.8 million compared to the three months ended June 30, 2015.

Nike Acquires Virgin Mega

Nike Inc. said it acquired Virgin Mega, a 12-person startup that is part of Richard Branson’s Virgin Group.

Sturm, Ruger & Co. Names CEO Successor

Sturm, Ruger & Company, Inc. named President & Chief Operating Officer Christopher J. Killoy as Michael O. Fifer’s successor to the role of CEO.

Performance Sports Group Lays Off Employees

Performance Sports Group Ltd. announced additional corporate restructuring activities which will result in the company reducing its workforce across several areas and levels of the organization.

Big 5 Fights Off Liquidation Pressures in Q2

Big 5 Sporting Goods reported earnings fell 19.2 percent in the second quarter due to the impact of liquidation sales by Sports Authority and Sport Chalet but they still came in ahead of internal expectations.

Lenzing to Spend €100M Expanding Capacity

The Lenzing Group said it will invest more than €100 million over the next 20 months to expand production capacities for its wood-based specialty fibers, which are used by many outdoor and athletic apparel brands.

HanesBrands Q2 Revenues Slip

HanesBrands, the parent of Champion, reported that consistent with the company’s expectations, net sales in the second quarter decreased 3 percent to $1.47 billion.