SGB Update

Adidas Opens New Fully Automated Distribution Center in China

The fully automated warehousing and distribution center in Suzhou, China, covering an area of 139,000 square meters, is said to “set a new industry standard with its high degree of speed and flexibility in warehousing logistics.”

MycoWorks Opens New South Carolina Factory

MycoWorks, a company developing a fungal-based biomaterial that it said could replace leather, began production at its new manufacturing facility in Union, SC. The  San Francisco-based biomaterials start-up said its now set to grow millions of square feet of its leather-alternative material produced with the company’s proprietary technology, Fine Mycelium.

LA Fitness Co-founder Louis Welch Passes Away

Fitness International, LLC, the parent company of LA Fitness, announces that its co-founder, president, and co-CEO, Louis Welch, passed away after a two-year battle with cancer.

Smith & Wesson Sets Stock Repurchase Program

Smith & Wesson Brands, Inc. announced that its Board of Directors has authorized the repurchase of up to $50 million of the company’s common stock through September 19, 2024.

Allbirds Completes International Distributor Deals

Allbirds, Inc. completed its previously announced agreement with distributor partners in Canada and South Korea. In-Sport Fashions, Inc. is now the brand’s exclusive Canadian distributor and EFG Corp. is its exclusive distributor in South Korea.