SGB Update

Signa Sports to Delist Shares, Terminate SEC Reporting; Appoints New CEO

Signa Sports United N.V. reported an acceleration of its strategic realignment and performance enhancement program in light of continuing macroeconomic headwinds, oversupply in the market and the company’s severe liquidity and profitability challenges. In connection with the strategic realignment, the company is delisting its shares from the NYSE and terminating its SEC reporting requirements.

SGB Media Reports Most Read Articles, Key Metrics for September 2023

SGB Media reported its Top 20 most-read articles, and the coverage included many of the usual big brands and a few companies that have been silent of late. The Top 5 included articles about Sportsman’s Warehouse, West Marine, Dick’s Sporting Goods, Amer Sports, and Asics Corp., with Academy, Champion and Nike seeing high readership.

Winchester Completes Acquisition of White Flyer Targets

Olin Corporation reported that it completed its previously announced acquisition of White Flyer Targets, a recreational trap, skeet, and sporting clay target maker based in Webb City, MO. White Flyer will be combined with the Winchester Ammunition business.

RealReal’s CFO to Step Down

The RealReal announced that Robert Julian will step down as chief financial officer, effective January 31, 2024, or when the company finds his replacement.

Report: Vuori Exploring IPO

Vuori, the Southern California-inspired activewear brand, is talking to investment banks about a potential initial public offering by the middle of next year.

Leupold Names Director of Marketing

Leupold & Stevens, Inc. promoted Lucas Burt to director of marketing, effective immediately. Burt has worked for the manufacturer of sport optics since 2017 as brand creative director.

Report: Woods and Golf Balls Help Drive Positive Golf Equipment Growth in August

Golf Datatech reported that golf equipment sales posted an increase in on-and off-course specialty stores in August after 11 consecutive months of contracting sales. Total golf equipment sales reportedly grew by almost 3 percent for the month in the channel, driven by the Woods and Golf Balls categories.

Report: Adidas Appoints New Digital Chief

Scott Zalaznik, Adidas’ SVP of digital, is leaving the company, according to a report from Germany’s Manager Magazin. His successor is Tobias Seemann, who joins the company as SVP of global digital and e-commerce in October.