SGB Update

Peloton Appoints New Board Member

Peloton announced the appointment of Chris Bruzzo, formerly a top executive at Electronic Arts, to its board of directors. Current Board member Jonathan Mildenhall will simultaneously step down from the board to focus on his expanding professional responsibilities.

RW Designs Acquired by Platinum Equity

Rainbow West Apparel (RW Designs), a private label house, was acquired by Platinum Equity portfolio company Hop Lun, a Hong Kong-based designer and manufacturer of undergarments and swimwear.

SFIA names Chief Operating Officer 

The Sports & Fitness Industry Association hired Glenn Horine as chief operating officer, effective January 1, 2024, reporting to SFIA president and CEO Tom Cove. 

Asics Sells Haglöfs to PE Firm

Asics reported that it sold Swedish outdoor brand Haglöfs AB to the Hong Kong fund LionRock Capital, which acquired 100 percent interest in the company. Terms were not disclosed.

Nordstrom Rack to Open Store in Omaha

Nordstrom announced plans to open a new Nordstrom Rack in Omaha, NB in fall 2024, representing the company’s first store of any kind in Nebraska.

Plae Hires Chief Brand Officer

Plae, the maker of  gym flooring and exercise equipment, hired former The North Face VP Mike Ferris as chief brand officer.

Crocs Adds Two Board Members

Crocs, Inc. appointed John Replogle and Neeraj Tolmare to its board of directors, effective January 1, 2024. The footwear maker said the appointees “bring new skill sets and extensive brand-building experience in consumer-facing businesses to the Crocs board.”